Tech boom lifts A-share firms’ Q1 earnings, revenues
Over 5,500 A-share listed companies in China reported improved earnings and revenues in Q1, driven by strong performances in AI computing power, semiconductors, and new-energy materials. The technology sector's robust demand and AI applications significantly boosted related industrial chains.
More than 5,500 A-share listed companies disclosed their Q1 results, showing overall earnings and revenues improvement. 4,042 companies posted profits, accounting for 73.4% of the total, while 2,846 companies reported year-on-year net profit growth. Combined revenue reached 17.70 trillion yuan, up 4.68% year-on-year, and total net profit rose 6.76% to 1.60 trillion yuan. The technology sector's robust demand, driven by AI applications, boosted related industrial chains like semiconductors and optical modules. Cambricon Technologies, an AI chip producer, reported a 185.04% increase in net profit to 1.013 billion yuan. Shannon Semi's revenue soared 200.60% to 23.765 billion yuan, with net profit jumping 7,835.06% to 1.327 billion yuan, attributed to booming demand for generative AI applications. The Shanghai Stock Exchange Science and Technology Innovation Board posted the fastest profit growth, with net profit jumping 209.03% year-on-year.
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