Economic Overview - In the first half of 2025, China's GDP reached 66.05 trillion yuan, with a year-on-year growth of 5.3% and domestic demand contributing nearly 70% [2][4] - The A-share market showed notable performance, with 5,432 listed companies reporting solid mid-year results, reflecting a stable operational trend [2][4] Industry Performance - Key industries such as steel, software services, building materials, media, and semiconductors exhibited significant net profit growth [5][8] - The "old-for-new" policy positively impacted sectors like home appliances, automobiles, and consumer electronics, leading to net profit increases [5][12] - New consumption and cultural tourism sectors continued to thrive, with many industries experiencing over 50% net profit growth [11][12] Financial Metrics - Total revenue for listed companies reached 35.01 trillion yuan, with a slight year-on-year increase of 0.16% [8] - Nearly 60% of companies reported revenue growth, and over 75% achieved profitability, with 1,943 companies showing both revenue and net profit growth [6][8] R&D Investment - A-share companies invested over 740 billion yuan in R&D, marking a year-on-year increase of 2.68% [13] - The R&D intensity reached 2.13%, with strategic emerging industries demonstrating significant innovation potential [13][14] Sector-Specific Highlights - The steel industry led with a remarkable net profit growth of 263.77%, followed by software services at 176.19% and building materials at 75.49% [7][8] - The new energy vehicle sector maintained high growth, with net profit increasing by 32% [12] - Emerging sectors like the pet economy and millet economy saw net profit growth of 39.67% and 54.21%, respectively [12]