Beijing's 476 listed companies post remarkable results

Beijing's 476 listed companies recorded remarkable results last year. Their total revenue reached 25.75 trillion yuan, accounting for 35.87 percent of the Chinese A-share market, while their net profit stood at 2.78 trillion yuan, representing nearly half of the total. Both figures positioned the city at the top of national rankings.

Of these companies, 135 State-owned enterprises held by central government entities contributed over 90 percent of the revenue and net profit, while 21 financial enterprises accounted for more than 60 percent of the total profits in the A-share financial sector, according to a business performance report released by the Listed Companies Association of Beijing recently.

Industries with high research and development (R&D) investments such as computer technology and pharmaceuticals have been accelerating the cultivation of new high-quality productivity, establishing themselves as the leading innovators in the country, according to a report of Beijing Daily.

As per the report, in 2024, the total R&D investment of listed companies in Beijing amounted to 514.2 billion yuan, representing 27.93 percent of the A-share market's total R&D investment.

These companies also held 371,500 patents, making up 16.71 percent of the national market. Beijing's listed companies have solidified their position as the leaders of innovation nationwide.