What happened
In the 2026 first-half reporting season, 2,318 Shanghai-listed companies generated combined revenue of 26.22 trillion yuan, up 6.3% year on year, with net profit of 2.82 trillion yuan, up 17.6%, according to the Shanghai Stock Exchange on Aug 30.
Adjusted net profit, excluding non-recurring items, reached 2.69 trillion yuan, up 17.2%, the fastest pace since 2022. Nearly 80% of the companies were profitable, and 142 swung to profit.
SSE 180 constituent companies, acting as ballast, posted revenue of 17.87 trillion yuan, up 6.9%, and net profit of 2.36 trillion yuan, up 14.8%. Manufacturing companies grew even faster, with revenue up 12.8% and net profit up 40.3%.
Why it matters
The results show broad-based improvement across the Shanghai market, with technology-focused STAR Market companies nearly quadrupling net profit and emerging sectors such as integrated circuits and AI becoming key growth drivers.
The data also highlight stronger shareholder returns and overseas expansion: 427 companies announced interim dividends totaling 633 billion yuan, while more than 1,050 entity companies lifted overseas revenue by 22.8%, marking a third straight year of export growth.
Key facts
2,318 Shanghai-listed companies reported revenue of 26.22 trillion yuan (+6.3%) and net profit of 2.82 trillion yuan (+17.6%).
Adjusted net profit was 2.69 trillion yuan, up 17.2%, the strongest growth since 2022.
Nearly 80% of Shanghai-listed companies were profitable; 924 increased net profit, 339 rose by over 50%, and 142 turned profitable.
STAR Market companies achieved revenue of 1.01 trillion yuan (+38.6%) and net profit of 144.887 billion yuan (+437.6%), exceeding the previous full-year net profit level.
427 companies declared interim dividends totaling 633 billion yuan, with six large banks' interim dividends reaching 220.9 billion yuan.
What to watch next
Whether adjusted profit momentum continues in the second half, especially for manufacturing, STAR Market, and emerging technology companies that drove first-half gains.
Whether more companies adopt multiple dividend payouts a year, and whether overseas revenue from AI hardware, robotics, and innovative drugs keeps expanding.