China’s Listed Companies Experience Significant Revenue Decline in November
Statistics from the Stock Exchange today (12th) reveal a concerning trend for China’s listed companies, with the cumulative revenue for November totaling 33.67 trillion yuan. This represents a substantial 8.95% decrease from the same period in 2022, which saw the cumulative revenue at 36.99 trillion yuan.
Impact on Specific Industries
Several key industries, including shipping, semi-industry conductors, and plastics, have been severely affected by international factors and sluggish demand at terminals. The shipping industry, in particular, has experienced a staggering 40% decrease in revenue compared to the same period last year.
During the first eleven months of this year, listed companies as a whole saw a nearly 9% decline in revenue. This is indicative of three major “tragedies” in the business world as the economic impact of various global events reverberates. Photo taken from Getty Images.
Company Compliance
A total of 993 companies, including 914 domestic and first-listed companies, completed their November 2020 revenue statements before December 11, 2020, demonstrating a commitment to transparency and disclosure.
Cumulative Revenue Analysis
Over January to November, the cumulative revenue of listed companies decreased by 8.95%, amounting to a total decline of 3.3095 billion yuan. Among the industries, tourism and hospitality saw a significant increase in revenue, while the shipping, plastics, and optoelectronics industries experienced substantial declines.
November Revenue Statistics
In November alone, the total revenue of listed companies reached 3.2945 trillion yuan, showing a 3.85% increase from the same period in 2011. The finance and insurance industry experienced substantial growth, while the shipping and sports and leisure industries faced declines.
Industry-Specific Revenue Analysis
The finance and insurance industry benefited from increased insurance net income, while the shipping industry grappled with a drop in market demand. These trends highlight the complex and varied landscape of China’s listed companies in the face of economic challenges.
According to the statistics of the Stock Exchange today (12th), the cumulative revenue of China’s listed companies in November is 33.67 trillion, a decrease of 8.95% from the same period in 2022 (36.99 trillion). Among them, the shipping industry, semi – industry conductors and the plastics industry have been affected by the international situation and terminals The impact of sluggish demand has been serious, with the shipping industry the most serious. Compared to the same period last year, this year’s revenue has reduced by almost 40%.
The revenue of listed companies fell by almost 9% during the first eleven months of this year, and three major “tragedies” were exposed. Photo/taken from Getty Images
The stock exchange said that 914 domestic and first-listed companies (including innovation board companies) and 79 companies respectively, and a total of 993 companies completed their November 2020 revenue statement before December 11, 2020 .
Statistics indicate that the cumulative revenue of all listed companies from January to November totaled 33.676 billion yuan, a decrease of 3.3095 billion yuan (-8.95%) compared to the same period in 2011. There were 346 of companies with revenue growth and a total of 647 Among the industries with greater revenue growth, the tourism and hospitality industry saw an increase of 46.84% year on year due to the surge in demand for cross-border travel and the recovery of passenger traffic after the automotive epidemic. industry saw revenue increase 12.53% year over year due to slackening vehicle chip supply and shipping issues; The information services industry has benefited from the demand for building software and hardware in the cloud, financial and retail industries, resulting in cumulative revenue growth, with an annual increase of 7.95%.
Among the industries with a larger cumulative decline in revenue, the shipping industry saw freight rates fall due to low market demand due to inflationary pressures, with revenue falling 37.47% year-on-year; the plastics industry saw year after year decline. by 18.98% due to the general economic recession, downstream manufacturers adjusted inventories and product prices fell %; the optoelectronics industry suffered from a decline in market demand, resulting in a cumulative revenue decline of 15.44% year on year.
Statistics also indicated that the total revenue of all listed companies in November totaled 3.2945 trillion yuan, an increase of 122 billion yuan (3.85%) compared to the same period in 2011. There were 476 companies with revenue growth and a total of 517 declining companies.
The stock exchange said it learned that among the industries with greater revenue growth in November, the finance and insurance industry benefited from an increase in insurance net income, with revenue increasing by 172.07% year-on-year; the trading department store industry recognized net benefits from changes in foreign exchange prices and exchange rates due to individual companies The impact increased profits and business opportunities such as benefiting from shopping holidays by 50% year on year; the tourism and catering industry increased by 31.75% year-on-year due to the surge in demand for cross-border travel and the recovery of passenger traffic after the epidemic.
Industries with larger revenue declines in November were the shipping industry, which saw its revenue fall by 15.11% due to a drop in market demand due to inflationary pressures, and freight rates.. Sports and leisure industry revenue fell by 10.73% due to inventory adjustments from OEM customers and a higher base period last year; The cement industry was affected by sluggish cement demand caused by China’s poor real estate boom, resulting in a 10.45% year-on-year drop in revenue this month.
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