As the 2023 annual report disclosure of A-share listed companies comes to an end, what are the new characteristics of the development of A-share companies?What trends of economic development are reflected?21 Data Journalism Lab interprets big data for you.
As of the afternoon of April 30, 5,351 A-share listed companies have disclosed their 2023 annual reports, with a total operating income of 72.47 trillion yuan, an increase of 1.48% over the previous year, and a total net profit attributable to the parent company of 5.28 trillion yuan, a year-on-year decrease of 2.59%. The GEM led the A-share market with a revenue growth rate of 6.14%.
5,351 companies have a total revenue of more than 72 trillion yuan
Nearly eighty percent of the companies are profitable
In 2023, the overall growth rate of A-shares will remain stable, with revenue increasing by 1.48% year-on-year, and net profit attributable to the parent company falling by 2.59% year-on-year. In terms of sectors, the revenue growth rate of the Growth Enterprise Market and the Science and Technology Innovation Board was higher than that of the same period last year. In terms of profitability, all sectors declined to varying degrees, and the net profit of the Science and Technology Innovation Board fell the most.
Although the growth rate of net profit of A-share listed companies has declined, the lifeline of enterprises - "cash flow" continues to improve. In 2023, the average net cash flow generated by operating activities of A-share listed companies will be RMB2.84 billion, a significant increase from 2019.
Among the 5,351 listed companies, nearly eighty percent achieved profitability, 2,731 companies achieved positive net profit growth, and nearly forty percent of the company's revenue and net profit increased. The net profit attributable to the parent company of 17 companies exceeded 50 billion yuan, and ICBC continued to be the "profit king".
The performance of the large consumption sector has recovered significantly
The net profit growth rate of the three major industries exceeded 100%
In terms of industries, the industry sector has "blossomed in many places", and the consumption sector has recovered significantly. Among the 31 first-class industries, 15 industries have achieved positive net profit growth, and the year-on-year growth rate of the trade and retail, social services, and media industries has exceeded 100%, and the growth rate of the commercial vehicle and game industries in the subdivided industries has exceeded 1,500%. Against the backdrop of a weak outlook for the global economy and energy demand, the overall performance of non-ferrous metals, coal, petroleum and petrochemical industries was poor last year, while the profitability of gold in non-ferrous metals improved due to its "safe-haven" attributes.
Microscopic decoding of the "new quality" blueprint
A-share R&D expenses have exceeded one trillion yuan for three consecutive years
New quality productivity drives industrial development, and A-share R&D expenses have exceeded one trillion yuan for three consecutive years, reaching 1.56 trillion yuan in 2023, an increase of 9.67% over the previous year. Among them, there are more than 1,800 listed companies in strategic emerging industries, and the R&D investment in the biological industry in subdivided fields accounts for 14.8%.
A-share cash dividends exceeded 2 trillion yuan again
30 companies have a bold dividend of more than 10 billion
In the past 10 years, the scale of cash dividends of A-shares has increased steadily, and the cumulative dividend amount has exceeded 2 trillion yuan in the past two years.
In 2023, more than 3,800 listed companies will disclose cash dividend plans, of which 30 companies will have cash dividends of more than 10 billion yuan, Industrial and Commercial Bank of China and China Construction Bank will pay more than 100 billion yuan in dividends, and more than 100 companies will also pay dividends if they lose money.
Since 2024, especially after the release of the new "National Nine Articles", listed companies have become more and more aware of giving back to shareholders. In addition to dividends, listed companies also give back to investors through write-off buybacks, equity incentives and other means.
In 2023, the performance of A-share companies remained stable as a whole, reflecting the resilience, vitality and potential of the mainland's economic development. Entering 2024, the continuous stabilization and rebound of the mainland economy is also reflected in the performance of listed companies.
As of April 30, a total of 5,348 companies have disclosed their first quarter reports for 2024, of which 4,054 have achieved profitability, and nearly 800 have achieved a year-on-year growth rate of more than 100% in net profit attributable to the parent company.
Judging from the disclosure in the 2023 annual report, more and more listed companies are combining their own advantages and developing new quality productivity according to local conditions, injecting new vitality and new momentum into the company's high-quality development, and promoting the high-quality development of the mainland economy.
Curator: Ding Qingyun
Content Coordinator: Tan Ting
21 Data Journalism Lab Researchers: Bi Fengzhi, Cao Yu
Editor: Ye Yingcheng
Design Director: Lin Junming
Visual Design: Jiaqi Cheng
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