As the Q1 financial reports for A-shares were revealed on April 30, the most recent performance of listed companies in Fujian has been revealed. According to Wind data, the total combined net profit (attributable to the parent company, hereinafter) of 171 listed companies in Fujian reached RMB 52.84 billion, showing a slight year-on-year increase of 1.89%.

In Q1, 132 publicly listed companies in Fujian reported profits, with 86 of them showing positive net profit growth.

The top five most profitable companies are as follows: Industrial Bank Co., Ltd. (RMB 24.336 billion), Contemporary Amperex Technology Co., Ltd. (RMB 10.51 billion), Zijin Mining Group Co., Ltd. (RMB 6.261 billion), Fuyao Glass Industry Group Co., Ltd. (RMB 1.388 billion), and Zhangzhou Pien Tze Huang Pharmaceutical Co., Ltd. (RMB 975 million).

11 companies reported a net profit increase of over 100%. Five of these companies more than doubled their growth, with Xueda Education Group Co., Ltd. (886.44%) leading the way, followed by Chengtun Mining Group Co., Ltd. (553.39%), Fujian Yanjing Huiquan Beer Brewery Co., Ltd. (468.51%), C&D Holsin Engineering Consulting Co., Ltd. (223.21%), and Long Bamboo Technology Group Co., Ltd. (202.54%).

Companies that achieved a revenue exceeding RMB 10 billion include Xiamen C&D Inc., Xiamen Xiangyu Co. Ltd., Xiamen ITG Group Corp. Ltd., Contemporary Amperex Technology Co., Ltd., Zijin Mining Group Co., Ltd., Industrial Bank Co., Ltd., Yonghui Superstores Co., Ltd., Xiamen Xindeco Co., Ltd., and Fujian Sansteel Minguang Co., Ltd. Specifically, Xiamen C&D Inc. (RMB 131.3 billion) and Xiamen Xiangyu Co. Ltd. (RMB 104.6 billion) had a revenue surpassing RMB 100 billion.

94 companies reported year-over-year revenue growth, with 7 of them seeing an increase of over 100%. These companies include Fujian Wanchen Biotechnology Group Co. Ltd. (534.03%), C&D Holsin Engineering Consulting Co., Ltd. (465.82%), Gengstar Energy Group Co., Ltd. (209.09%), Xiamen Hongxin Electron-tech Co., Ltd. (161.08%), Fujian Highton Development Co., Ltd. (138.78%), Zhongfu Straits (Pingtan) Development Co., Ltd. (131.73%), and New Hua Du Industrial Group Co., Ltd. (106.90%).