Over 650 Chinese Companies Forecast Strong H1 Earnings, Nearly 150 Exceed Full-Year 2025 Profit

As of 8 PM on July 13th, 657 A-share listed companies have released their first-half performance forecasts, according to Wind data. Among these, 319 companies anticipate significant profit increases, 21 expect slight growth, and 83 predict a turnaround from losses to profits, resulting in an overall positive outlook for over 60% of reporting firms. Notably, 147 companies have projected their first-half net profit attributable to the parent company to surpass their entire net profit for the full year of 2025. Industry leaders such as China State Shipbuilding Corporation, Longsys, and CATL are among those expected to achieve this milestone. The performance of these over 650 companies reveals a significant trend: positive earnings are no longer confined to emerging industries, with several traditional sectors experiencing a notable recovery. This upturn is driven by two key factors. Firstly, the burgeoning AI sector is directly impacting corporate profits, creating a complete AI earnings chain that spans from chips and storage to fiber optics. Secondly, traditional industries like chemicals, non-ferrous metals, and shipbuilding are showing substantial improvements in their economic performance, underscoring the resilience and innovative vitality of the Chinese economy. Furthermore, based on projected earnings, 118 companies have a price-to-earnings ratio below 20 times, with more than 20 falling into single digits.