BUSINESS Nearly 70% of NEEQ-listed enterprises earn profits in 2020

BUSINESS

Nearly 70% of NEEQ-listed enterprises earn profits in 2020

Xinhua

16:16, May 08, 2021

An investor checks stock prices at a brokerage in Fuyang, Anhui province. [Photo by Lu Qijian/For China Daily]

BEIJING - About 70 percent of small and medium-sized enterprises listed on China's National Equities Exchange and Quotations (NEEQ), also known as the "new third board", earned profits in 2020.

A total of 6,966 companies that have released annual reports by the end of April registered net profits of 60.82 billion yuan ($9.4 billion) in 2020, up 7.23 percent from a year earlier.

Among the profit makers, companies in strategic emerging industries saw their net profits surge 55.3 percent year-on-year.

Launched in 2013, the board aims to offer small and medium-sized enterprises a new financing channel with low costs and simple listing procedures.

China has outlined a series of reforms to better orient the NEEQ to the needs and features of small enterprises, and to support the quality growth of the real economy.

Terms of Service & Privacy Policy

We have updated our privacy policy to comply with the latest laws and regulations. The updated policy explains the mechanism of how we collect and treat your personal data. You can learn more about the rights you have by reading our terms of service. Please read them carefully. By clicking AGREE, you indicate that you have read and agreed to our privacy policies

Agree and continue