（原标题：营收超10万亿元！深市公司上半年成绩单，公布了） 【导读】上半年深市上市公司实现营收合计10.24万亿元，净利润达5954.56亿元 中国基金报记者 张燕北 深市公司2025年半年度成绩单出炉，整体向好。 上半年，深市公司实现营业收入合计超10万亿元，实现归属于母公司股东的净利润接近6000亿元，双双实现稳健增长。 整体而言，深市龙头公司表现亮眼，引领作用显著，研发投入持续加大，战略性新兴产业公司增势强劲，"新"的动能持续累积。 营收、净利润双双稳健增长 截至8月31日，共有2873家深市上市公司披露2025年半年度报告。 数据显示，深市公司2025年上半年实现营业收入合计10.24万亿元，同比增长3.64%。其中，第二季度实现营业收入合计5.36万亿元，环比增长 9.78%；实现净利润5954.56亿元，同比增长8.88%。 近八成公司上半年实现盈利，超过五成公司实现净利润同比增长，超过两成的公司盈利同比增长超50%。 主板公司创新蓝筹发挥"市场稳定器"作用。披露半年报的1489家深市主板公司合计实现营业收入8.19万亿元，平均54.99亿元，共计801家公司营业 收入同比增长，占比为53.76% ...

【导读】上半年深市上市公司实现营收合计10.24万亿元，净利润达5954.56亿元 中国基金报记者 张燕北 深市公司2025年半年度成绩单出炉，整体向好。 上半年， 深市公司实现营业收入合计 超10 万亿元，实现归属于母公司股东的净利润 接近6000 亿元，双双实现稳健增长。 整体而言，深市 龙头公司表现亮眼， 引领 作用显著，研发投入持续加大， 战略性新兴产业 公司增势强劲，"新"的动能持续累积。 营收、净利润双双稳健增长 截至8月31日，共有2873家深市上市公司披露2025年半年度报告。 数据显示， 深市公司2025年上半年实现营业收入合计10.24万亿元，同比增长 3.64 % 。 其中，第二季度实现营业收入合计5.36万亿 元，环比增长9.78% ； 实现 净利润5954.56亿元，同比增长 8.88 % 。 近八成公司 上半年 实现盈利，超过五成公司实现净利润同比增长，超过两成的公司盈利同比增长超50%。 主板公司创新蓝筹 发挥 "市场稳定器"作用。 披露半年报的 1489家深市主板公司合计实现营业收入8.19万亿元，平均54.99亿元，共计 801家公司营业收入同比增长，占比 为 53.76% ...

Core Insights - The Shenzhen Stock Exchange companies reported strong performance in the first half of 2025, with total operating revenue of 10.24 trillion yuan, a year-on-year increase of 3.64%, and net profit of 595.46 billion yuan, up 8.88% [1][2] Financial Performance - A total of 2,873 Shenzhen-listed companies disclosed their semi-annual reports, with nearly 80% reporting profits and over 50% showing year-on-year net profit growth [1][2] - The main board companies generated 8.19 trillion yuan in revenue, while the ChiNext board companies achieved 2.05 trillion yuan, reflecting a growth of 9.03% [2] - Leading companies in Shenzhen showed significant revenue and profit growth, with 55 companies having a market capitalization exceeding 100 billion yuan, generating 2.81 trillion yuan in revenue and 306.09 billion yuan in net profit [2] R&D and Innovation - Shenzhen companies invested a total of 352.97 billion yuan in R&D, with 409 companies having an R&D intensity exceeding 10% [3] - The strategic emerging industries in Shenzhen reported a total revenue of 1.49 trillion yuan, with a year-on-year growth of 14.73%, and net profit of 121.22 billion yuan, up 12.51% [4] Industry Highlights - The electronics sector saw 253 companies generating 984.76 billion yuan in revenue, a 14.1% increase, and net profit of 45.46 billion yuan, up 24.59% [6] - The power equipment sector reported 838.45 billion yuan in revenue, growing 8.51%, and net profit of 56.90 billion yuan, up 17.62% [6] - The computer industry achieved 501.25 billion yuan in revenue, a 13.74% increase, and net profit of 12.29 billion yuan, up 26% [6] - The telecommunications sector generated 193.83 billion yuan in revenue, a 14.19% increase, and net profit of 1.85 billion yuan, up 24.08% [7]

Core Insights - Shenzhen Stock Exchange companies reported a strong performance in the first half of 2025, with revenue and net profit both showing growth, indicating a stable and improving trend in performance [1][2] Overall Performance - In the first half of 2025, Shenzhen-listed companies achieved a total revenue of 10.24 trillion yuan, a year-on-year increase of 3.64%, with Q2 revenue reaching 5.36 trillion yuan, up 9.78% quarter-on-quarter [2] - The net profit attributable to shareholders was 595.46 billion yuan, a year-on-year increase of 8.88%, with nearly 80% of companies reporting profits and over 50% showing a year-on-year increase in net profit [2] Main Board Performance - Among the 1,489 main board companies, total revenue was 8.19 trillion yuan, with an average revenue of 5.499 billion yuan per company [2] - 53.76% of companies reported a year-on-year revenue increase, and 55.17% reported a net profit increase, with 571 companies achieving both revenue and net profit growth [2] Growth in ChiNext (Growth Enterprise Market) - The 1,384 ChiNext companies reported total revenue of 2.05 trillion yuan, a year-on-year increase of 9.03%, with over 60% of companies showing positive revenue growth [3] - Net profit reached 150.54 billion yuan, a significant year-on-year increase of 11.18%, leading the A-share market [3] Performance of Leading Companies - 55 companies with a market capitalization exceeding 100 billion yuan achieved total revenue of 2.81 trillion yuan, a year-on-year increase of 10.69%, and net profit of 306.09 billion yuan, up 18.28% [3] Key Industry Highlights - Key industries such as electronics, power equipment, computing, telecommunications, and automotive showed strong performance, demonstrating resilience and growth [4] - The electronics sector reported total revenue of 984.76 billion yuan, a year-on-year increase of 14.1%, and net profit of 45.46 billion yuan, up 24.59% [4][5] R&D Investment - Total R&D investment by Shenzhen-listed companies reached 352.97 billion yuan in the first half of 2025, with 409 companies having an R&D intensity exceeding 10% [8] - Strategic emerging industry companies reported total revenue of 1.49 trillion yuan, a year-on-year increase of 14.73%, with the new generation information technology sector growing at 20.41% [8][9] Dividend and Buyback Trends - 386 companies announced mid-term dividends totaling 88.61 billion yuan, a year-on-year increase of 49.51%, reflecting a growing awareness of shareholder returns [9] - Companies also increased share buyback plans, with 230 buyback announcements totaling 68.21 billion yuan [9]

Market Performance - On September 3, 2025, the Shanghai Composite Index fell by 1.16% to 3,813.56 points, while the Shenzhen Component Index decreased by 0.65% to 12,472.00 points. The ChiNext Index rose by 0.95% to 2,899.37 points[3][16][19] - The total market turnover was 23,956.81 billion yuan, a decrease of 5,167.42 billion yuan compared to the previous trading day, with 823 stocks rising and 4,560 stocks falling[3][16][19] Sector and Style Analysis - Among the 30 CITIC first-level industries, the telecommunications sector led with a gain of 1.60%, followed by electric equipment and new energy at 1.41%. The defense industry saw the largest decline at -6.36%[3][21] - The performance ranking of market styles was: Consumer > Cyclical > Growth > 0 > Financial > Stable[3][21] Capital Flow - On September 3, 2025, the net outflow of main funds was 714.26 billion yuan, with large orders contributing a net outflow of 307.64 billion yuan and small orders showing a net inflow of 808.76 billion yuan[4][25] - Southbound funds recorded a net inflow of 55.09 billion HKD, with the Shanghai-Hong Kong Stock Connect contributing 32.02 billion HKD and the Shenzhen-Hong Kong Stock Connect contributing 23.07 billion HKD[5][26] Global Market Trends - Major Asian indices closed mixed on September 3, with the Hang Seng Index down 0.60% and the Nikkei 225 down 0.88%[6][33] - European indices also saw declines, with the DAX down 2.29% and the FTSE 100 down 0.87%[6][33] ETF Performance - On September 3, 2025, the trading volume of major ETFs such as the Huaxia SSE 50 ETF and the Huatai-PB CSI 300 ETF decreased, with the former at 34.63 billion yuan, an increase of 10.30 billion yuan, while the latter saw a decrease of 5.68 billion yuan[4][29]

今年上半年，深市公司交出了一份"营收净利双增长、龙头引领作用强、创新动能加速聚"的亮眼答卷， 彰显了资本市场在服务实体经济，助力培育发展新质生产力中的功能作用。 整体业绩：营收破10万亿元，近八成公司盈利 2025年上半年，深市公司整体经营稳中向好，盈利面与增长性同步提升。数据显示，深市公司上半年合 计实现营业收入10.24万亿元，同比增长3.64%；其中第二季度营收5.36万亿元，环比大幅增长9.78%， 展现出强劲的复苏势头。 在盈利端，深市公司上半年实现归属于母公司股东的净利润5954.56亿元，同比增长8.88%。盈利结构持 续优化，近八成公司实现盈利，超过五成公司净利润同比增长，更有超两成公司盈利同比增幅超50%， 企业盈利的"含金量"与"覆盖面"同步提升。 从板块表现来看，主板与创业板"双轮驱动"，各展所长。其中，1489家深市主板公司上半年合计营收 8.19万亿元，平均每家营收54.99亿元，53.76%的公司实现营收增长，55.17%的公司净利润同比提升， 其中92家公司成功扭亏为盈，571家公司实现"营收净利双增长"，占比达38.35%。 龙头企业的"引领效应"同样显著。截至8月29日收盘， ...

Core Viewpoint - The operating performance of listed companies reflects the development quality of the macro economy, with a total revenue of 34.92 trillion yuan and a net profit of 2.99 trillion yuan for the first half of 2025, indicating a more balanced and sustainable growth pattern in high-quality development [1] Group 1: Financial Performance - The total revenue of listed companies in the Shenzhen market reached 10.24 trillion yuan, a year-on-year increase of 3.64%, with a net profit of 595.46 billion yuan, up 8.88% [1] - The Shanghai market reported a total revenue of 24.68 trillion yuan, a slight decrease of 1.3%, while net profit increased by 1.1% to 2.39 trillion yuan [1] - The ChiNext board achieved a total revenue of 2.05 trillion yuan, a year-on-year growth of 9.03%, and a net profit of 150.54 billion yuan, up 11.18% [1] Group 2: Industry Growth Drivers - Emerging industries such as semiconductors, electronics, pharmaceuticals, and new energy are becoming key growth engines, while traditional industries are seeking transformation [2] - Strategic emerging industries in Shenzhen achieved a total revenue of 1.49 trillion yuan, with an average revenue of 17.67 million yuan per company, marking a year-on-year growth of 14.73% [2] - The new generation information technology sector saw a revenue growth rate of 20.41% [2] Group 3: Sector Performance - The electronics sector in Shenzhen generated a total revenue of 984.76 billion yuan, a year-on-year increase of 14.1%, with net profit rising by 24.59% [3] - The power equipment sector reported a revenue of 838.45 billion yuan, up 8.51%, and net profit increased by 17.62% [3] - The computer industry achieved a revenue of 501.25 billion yuan, a growth of 13.74%, with net profit rising by 26% [3] Group 4: Consumer Sector Resilience - The home appliance sector in Shenzhen saw a revenue of 549.24 billion yuan, a year-on-year increase of 7.38%, with net profit up 13.90% [7] - The automotive sector reported a revenue of 904.47 billion yuan, an increase of 8.45%, while net profit grew by 1.93% [7] - The agricultural sector in Shenzhen achieved a revenue of 514.42 billion yuan, a year-on-year growth of 9.12%, with net profit soaring by 199.79% [8] Group 5: R&D Investment - Shenzhen companies invested a total of 352.97 billion yuan in R&D, with significant contributions from companies like BYD and ZTE [9] - The strategic emerging industries in Shenzhen increased R&D investment by 22.36%, with the new energy vehicle sector seeing a growth rate of 39.07% [9] - The Shanghai market's R&D investment reached 432.6 billion yuan, marking a year-on-year increase of 1% [9] Group 6: International Expansion - The overseas revenue of manufacturing companies in Shanghai reached 1.1 trillion yuan, a year-on-year increase of 5% [11] - Shenzhen's strategic emerging industries achieved overseas revenue of 434.66 billion yuan, up 23.59% [11] - Companies are diversifying their overseas markets, with significant growth in exports of high-tech products [11] Group 7: Dividend Policies - A total of 794 listed companies announced mid-term dividends, with cash dividends amounting to 643.81 billion yuan [12] - Shenzhen companies reported an 18.04% increase in the number of mid-term dividends and a 49.51% increase in dividend amounts [12] - Companies are also increasing share buybacks to enhance shareholder value [12]

Core Viewpoint - The operating performance of listed companies in China reflects the development quality and efficiency of the macro economy, with a shift towards a more balanced and sustainable growth pattern in high-quality development [1] Group 1: Financial Performance - The total operating revenue of listed companies in the Shanghai and Shenzhen stock exchanges reached 34.92 trillion yuan, with a net profit of 2.99 trillion yuan [1] - Shenzhen-listed companies achieved a total operating revenue of 10.24 trillion yuan, a year-on-year increase of 3.64%, and a net profit of 595.46 billion yuan, up 8.88% [1] - Shanghai-listed companies reported operating revenue of 24.68 trillion yuan, a slight decrease of 1.3%, with a net profit of 2.39 trillion yuan, an increase of 1.1% [1] Group 2: Industry Growth Drivers - Emerging industries such as semiconductors, electronics, pharmaceuticals, and new energy are rising, while traditional industries like steel and machinery are seeking transformation [2] - The electronics sector in Shenzhen saw a revenue increase of 14.1% year-on-year, with net profits rising by 24.59% [3] - The new energy vehicle industry experienced a revenue growth rate of 34.37% [3] Group 3: R&D Investment - Shenzhen-listed companies invested a total of 3.53 trillion yuan in R&D, with significant contributions from companies like BYD and ZTE [9] - The R&D investment in strategic emerging industries in Shenzhen grew by 22.36% year-on-year, with a focus on new energy vehicles [9] - The Shanghai stock market also saw a record high in R&D investment, reaching 432.6 billion yuan, a year-on-year increase of 1% [9] Group 4: International Expansion - Over 830 manufacturing companies in Shanghai achieved overseas revenue of 1.1 trillion yuan, a year-on-year increase of 5% [10] - Shenzhen's strategic emerging industries reported overseas income of 434.66 billion yuan, up 23.59% [10] - Companies are diversifying their overseas markets, with significant growth in exports of high-tech products [10] Group 5: Dividend Policies - A total of 794 listed companies in Shanghai and Shenzhen announced mid-term dividends amounting to 643.8 billion yuan, reflecting an increasing awareness of returning value to investors [11] - Shenzhen-listed companies saw an 18.04% increase in the number of mid-term dividends declared, with a 49.51% increase in the amount [11] - Companies are also increasing share buybacks to enhance shareholder value and market confidence [11]

今年上半年，深市公司交出了一份"营收净利双增长、龙头引领作用强、创新动能加速聚"的亮眼答 卷，彰显了资本市场在服务实体经济，助力培育发展新质生产力中的功能作用。 整体业绩：营收破10万亿元，近八成公司盈利 2025年上半年，深市公司整体经营稳中向好，盈利面与增长性同步提升。数据显示，深市公司上半年合计 实现营业收入10.24万亿元，同比增长3.64%；其中第二季度营收5.36万亿元，环比大幅增长9.78%，展 现出强劲的复苏势头。 在盈利端，深市公司上半年实现归属于母公司股东的净利润5954.56亿元，同比增长8.88%。盈利结构持 续优化，近八成公司实现盈利，超过五成公司净利润同比增长，更有超两成公司盈利同比增幅超50%，企 业盈利的"含金量"与"覆盖面"同步提升。 从板块表现来看，主板与创业板"双轮驱动"，各展所长。其中，1489家深市主板公司上半年合计营收8.19 万亿元，平均每家营收54.99亿元，53.76%的公司实现营收增长，55.17%的公司净利润同比提升，其中 92家公司成功扭亏为盈，571家公司实现"营收净利双增长"，占比达38.35%。 龙头企业的"引领效应"同样显著。截至8月29日收盘， ...

Group 1: Overall Market Performance - A total of 386 companies in the Shenzhen market disclosed interim dividends amounting to 88.607 billion yuan, a year-on-year increase of 49.51% [1] - As of August 31, 2025, 2873 companies in the Shenzhen market reported their semi-annual results, with nearly 80% achieving profitability and over 50% experiencing year-on-year net profit growth [1] - The Shenzhen market has seen a growing awareness of dividend distribution among listed companies, with a new ecosystem of multiple dividends per year gradually forming [1] Group 2: Financial Results - In the first half of 2025, Shenzhen companies achieved a total operating revenue of 10.24 trillion yuan, a year-on-year increase of 3.64%, and a net profit of 595.456 billion yuan, up 8.88% [2] - Over 20% of companies reported a year-on-year profit growth exceeding 50% [2] - Among the 1489 Shenzhen main board companies that disclosed their semi-annual reports, the total operating revenue was 8.19 trillion yuan, with 801 companies (53.76%) reporting revenue growth [2] Group 3: Performance of Leading Companies - As of August 29, 2025, 55 companies in the Shenzhen market had a market capitalization exceeding 100 billion yuan, achieving a total operating revenue of 2.81 trillion yuan, a year-on-year increase of 10.69%, and a net profit of 306.091 billion yuan, up 18.28% [3] - Leading companies such as BYD, Midea Group, and CATL reported revenue exceeding 100 billion yuan and net profits exceeding 10 billion yuan [3] Group 4: Sector Performance - In the electronics sector, 253 companies reported total operating revenue of 984.76 billion yuan, a year-on-year increase of 14.1%, and net profit of 45.457 billion yuan, up 24.59% [4] - The power equipment sector saw 215 companies achieve operating revenue of 838.448 billion yuan, a year-on-year increase of 8.51%, and net profit of 56.901 billion yuan, up 17.62% [4] - The computer sector reported 222 companies with total operating revenue of 501.247 billion yuan, a year-on-year increase of 13.74%, and net profit of 12.285 billion yuan, up 26.00% [4] Group 5: Automotive Sector - In the automotive sector, 151 companies reported total operating revenue of 904.47 billion yuan, a year-on-year increase of 8.45%, and net profit of 39.227 billion yuan, up 1.93% [6] - BYD achieved operating revenue of 371.281 billion yuan, a year-on-year increase of 23.3%, and net profit of 15.511 billion yuan, up 13.79%, making it the highest net profit car company in the first half of 2025 [6] Group 6: Home Appliances and Agriculture - The home appliance sector reported 61 companies with total operating revenue of 549.238 billion yuan, a year-on-year increase of 7.38%, and net profit of 51.805 billion yuan, up 13.90% [6] - In the agriculture, forestry, animal husbandry, and fishery sector, 66 companies achieved total operating revenue of 514.42 billion yuan, a year-on-year increase of 9.12%, and net profit of 23.056 billion yuan, up 199.79% [7]