Sou Hu Cai Jing·2025-08-06 10:55Core Insights - The article highlights the financial performance of A-share listed companies during the semi-annual report disclosure period, focusing on the profitability trends over the past five years from 2020 to 2024 [1] Company Performance - A total of 138 listed companies have reported continuous losses for five years, with 31 of them being designated as "ST" (Special Treatment) companies [5] - Notable companies facing significant losses include: - North Car Blue Valley, which has accumulated losses of nearly 30 billion since 2020, with a change in leadership occurring frequently [3] - Zhangjiajie, the first listed company in China's tourism sector, has also reported continuous losses for five years, primarily due to a 2.4 billion investment in the Dayong Ancient City project [3] - ST Zhongqingbao, known as the "first stock in online gaming," has incurred over 300 million in losses over five years, with its stock being placed under risk warning due to financial disclosure violations [4] Industry Trends - The pharmaceutical and biotechnology sector has seen significant fluctuations, with companies like Shutaishen experiencing a surge in stock price due to the anticipation of a new drug, despite a history of losses exceeding 1 billion over five years [6] - In contrast, Baijishenzhou has reported the highest losses in the A-share pharmaceutical sector, with cumulative losses exceeding 60 billion over eight years [6] - The AI chip industry, represented by Hanwujing, has shown a remarkable stock price increase of 387.55%, but the company has also faced substantial losses exceeding 3.8 billion since its listing [7] Market Performance - As of August 5, 2024, 21 companies have seen their stock prices increase by over 100% in the past five years, with three companies, including Nuo Si Lan De, achieving over 200% growth [6] - Conversely, 14 companies have experienced a decline of over 50% in their stock prices over the same period, with five companies, including ST Rindong, seeing declines exceeding 70% [7] - In 2024, 14 companies have reported a drop of over 10% in their stock prices, with five companies, including ST Shuangcheng, experiencing declines exceeding 30% [8][9]