What happened
According to Wind data, BSE-listed companies delivered a steady and resilient performance in H1 2026. Profitable firms reached 289, accounting for over 85% of the total, and approximately 70% achieved simultaneous revenue and net profit growth, pointing to solid earnings quality.
Growth stars stood out: seven companies doubled revenue, including 长鹰硬科, 五新智能, and 聚星科技. More than 30 firms saw net profit double or exceed double growth; 汉维科技 posted a 1614.95% jump, while 中科仪 and 旭杰科技 both achieved over tenfold increases. 并行科技 and 利尔达 also recorded several-fold gains. In the revenue top ten, 贝特瑞 led with 10.221 billion yuan, followed by 一诺威 at 4.599 billion and 同力股份 at 3.553 billion. On net profit, 中科仪 topped with 1.839 billion yuan, ahead of 贝特瑞's 383 million and 长鹰硬科's 381 million.
Industry-wise, new energy, new materials, and smart manufacturing were the primary engines. Strong demand from new energy vehicles and storage lifted lithium iron phosphate and silicon carbide materials, while AI computing infrastructure and semiconductor expansion drove equipment needs. Company-specific reasons varied: 中科仪 benefited from vacuum pump deliveries and investment gains, 贝特瑞 from global anode material leadership and Indonesia capacity, 长鹰硬科 from tungsten carbide raw material price effects and downstream tool expansion, 五新智能 from infrastructure investment growth, and 聚星科技 from low-silver contact material technology.
Why it matters
The mid-year results reaffirm the Beijing Stock Exchange's role as a primary venue for innovative SMEs. The combination of broad-based profitability and a stream of high-growth 'black horses' demonstrates that smaller listed companies can scale quickly when riding high-demand industrial trends.
Yet the quality of growth deserves scrutiny. 中科仪's sharp profit increase was largely due to investment income rather than its main business, signaling that headline numbers may overstate operational strength. Distinguishing cyclical industry tailwinds from durable competitive advantages will be essential for assessing sustainability.
Key facts
289 BSE companies were profitable in H1 2026, over 85% of the total.
Seven companies doubled revenue; over 30 companies doubled net profit or more.
贝特瑞 led H1 revenue with 10.221 billion yuan; 中科仪 led net profit with 1.839 billion yuan.
What to watch next
Monitor whether emerging high-growth names such as 长鹰硬科 and 五新智能 can sustain momentum as capacity expansions and infrastructure spending evolve.
Track the durability of new energy and semiconductor demand, and whether profit contributions from investment income give way to core business improvements.