90% expect profit growth：848 listed companies at Shenzhen Stock Exchange release 2020 performance re

File photo/ Liu Guomei (NBD)

The interviewed listed companies expressed their full expectations for the implementation of the registration-based IPO system and hoped to further leverage the capital market to promote high-quality development of their companies.

The 848 companies achieved a total net profit of 691.414 billion yuan, with an average expected net profit of 815 million yuan per company. The three-year compound growth rate was 19.77%, showing an overall positive trend.

The leading power battery company CATL achieved operating revenue of 328.594 billion yuan in 2022, a year-on-year increase of -%; net profit was 30.729 billion yuan, a year-on-year increase of 93%.

The new energy vehicle leader BYD achieved operating revenue of 424.061 billion yuan in 2022, a year-on-year increase of 96%; net profit was 16.622 billion yuan, a year-on-year increase of 446%.

As time enters April, the disclosure of annual reports by listed companies is proceeding at a rapid pace.

As of April 8, a total of 848 A-share listed companies at the Shenzhen Stock Exchange have disclosed their 2022 annual reports or performance reports.

It is worth noting that on April 10, the main boards in Shenzhen and Shanghai welcomed the first batch of IPO companies to be listed and traded under Chinas registration-based initial public offering (IPO) system

Among them, 763 companies are expected to be profitable, accounting for nearly 90%; 484 companies are expected to achieve year-on-year growth in net profit, accounting for nearly 60%.