90% of A-share listed companies in Ningbo achieve profitability in Jan-Sept

All 102 A-share listed companies from Ningbo, East China's Zhejiang province recently released their financial reports for the first three quarters of this year.

Over the nine-month period, nearly 90 percent of these companies achieved revenue growth, more than 90 percent achieved profitability and over 60 percent reported a year-on-year increase in net profits.

A-share listed companies refer to those that have made initial public offerings on domestic markets.

The aggregated revenue of Ningbo's 102 A-share listed companies was 450.56 billion yuan ($69.32 billion) from January to September, up 30.55 percent year-on-year.

Thirteen companies saw their revenue exceed 10 billion yuan, three more than the same period last year.

The three newcomers are Shanshan Corporation, Rongan Property Co Ltd and Youngor Group.

Ningbo Jintian Copper (Group) Co Ltd topped the city with 58.58 billion yuan in revenue, followed by Bank of Ningbo (38.87 billion yuan) and Ningbo Joyson Electronic Corporation (34.1 billion yuan).

The 102 companies' combined net profit attributable to equity holders of the parent company totaled 41.46 billion yuan over the period, rising by 3.93 percent year-on-year.

The Bank of Ningbo remained the most profitable company in Zhejiang. The bank had a 14.307-billion-yuan net profit attributable to equity holders of the parent company in the first three quarters of this year. 

This was followed by Youngor Group (3.779 billion yuan), Ningbo Zhoushan Port Group (3.42 billion yuan) and Shanshan Corporation (2.774 billion yuan).