SSE: Marginal Turnaround - Shanghai-listed companies complete Q3 2024 disclosure

Golden Ten Data News on October 31st, as of October 31, 2024, a total of 2265 listed companies in the Shanghai stock market completed the disclosure of the third quarter report for 2024. The data shows that the stock and incremental policies are gradually being implemented in a coordinated manner, and listed companies are taking the initiative to improve quality and efficiency. The overall operating performance of the Shanghai stock market is marginally improving, re-entering the rising track, confirming the positive trend of stabilizing the national economy. In the first three quarters of 2024, the total operating income of listed companies in the Shanghai stock market reached 37.48 trillion yuan, a slight decrease of 1.2% year-on-year; achieving a net profit of 3.61 trillion yuan, and a non-net profit of 3.45 trillion yuan, a rise of 1.8% and 2.2% year-on-year, respectively, turning from negative to rise, regaining momentum. By quarter, the marginal recovery trend in the third quarter is significant, with net profit and non-net profit rising by 8.3% and 7.8% year-on-year, respectively, higher than the second quarter by 7.3 and 5.4 percentage points, and up by 5.6% and 4.6% compared to the second quarter.