Multiple A-share companies report first-half earnings more than doubled

Earnings
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Summary · why it matters

On the evening of August 23, multiple A-share companies released impressive first-half reports, with earnings doubling or even growing several times over. Wankai New Materials achieved first-half operating revenue of 9.652 billion yuan, up 17.52 percent year on year, and net profit attributable to shareholders of 562 million yuan, surging 910.09 percent. China Tungsten and Hightech Materials posted first-half operating revenue of 16.385 billion yuan, up 108.51 percent, with net profit attributable to shareholders of 2.076 billion yuan, rising 280.53 percent. Yuegui Co. reported first-half operating revenue of 2.343 billion yuan, up 72.37 percent, and net profit attributable to shareholders of 663 million yuan, up 182.76 percent. In addition, Vanadium Titanium Resources and Zhiguang Electric successfully turned losses into profits, while net profit at Shangfeng Materials, Oriental Energy, and Dymatic Chemicals more than doubled. As of the evening of August 23, more than 1,700 A-share companies had completed their first-half report disclosures, with 60 percent reporting year-on-year net profit growth and 18.8 percent achieving a doubling of net profit.

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