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Ningbo's A-share listed companies achieve 66.1b yuan in profits in 2022

chinadaily.com.cn| Updated:  May 8, 2023 L M S

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Containers stockpiled at Ningbo Zhoushan Port in East China's Zhejiang province. [Photo/cnnb.com.cn]

The aggregated revenue of 116 A-share listed companies in Ningbo, East China's Zhejiang province reached 750.07 billion yuan ($108.45 billion) in 2022, official statistics show.

The figure represented a year-on-year uptick of 14.5 percent and accounted for nearly a half of the city's GDP.

Over the same year, their combined profits expanded by 25.32 percent year-on-year to 66.18 billion yuan, according to official data.

A-share listed companies refer to those that have made initial public offerings on domestic markets. As of April 30, the number of A-share listed companies in Ningbo had climbed to 116, placing the city eighth nationwide, alongside Chengdu in Southwest China's Sichuan province and Wuxi in East China's Jiangsu province.

Of the 116 companies, 67 went public on the Shanghai Stock Exchange, 46 went public on the Shenzhen bourse, and the remaining made initial public offerings on the Beijing bourse.

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