In 2025, Overall Performance of Listed Companies Stabilizes and Rebounds as the Momentum for Technological Innovation Bursts Forth

The China Listed Companies Association released the 2025 Listed Company Performance Report.
The report shows that in 2025, the overall performance of listed companies stabilized and rebounded, with core assets remaining steady and improving.
The total revenue of all market-listed companies increased by 1.2% year-on-year, with a total net profit of 5.4 trillion yuan, up 2.6%.
Over 70% of listed companies in the market achieved profitability, with the Beijing Stock Exchange having the highest profit margin (83%).
3,235 companies reported positive revenue growth, 2,425 companies reported positive profit growth, and 370 companies turned losses into profits.
Under policy guidance, deep integration of technological innovation and industrial innovation has been achieved, and future industries are maintaining rapid development momentum.
Fixed asset investment in frontier fields such as nuclear fusion increased by 8.0%, while traditional industry transformation and upgrading continue to deepen, with fixed asset investment in general equipment industry growing by 8.7%.
In 2025, the total R&D investment of all market-listed companies reached 1.94 trillion yuan, marking four consecutive years of positive growth, accounting for about half of the total social R&D expenditure;
R&D intensity was 2.66%, continuing to increase compared to the previous year.
Listed companies’ R&D personnel totaled 3.27 million, accounting for 10.4% of the total employees.
The top 100 listed companies by R&D investment are mainly distributed in electronics, automobiles, power equipment, and other industries, with 17 companies having R&D intensity exceeding 10%.
(CCTV News)

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