Financial fortunes diverge for emerging, traditional sectors

The interim results of Chinese listed companies offer a mixed picture, with emerging industries demonstrating rapid growth while traditional sectors stall.

According to Hangzhou-based financial data service provider iFind, the 2,537 companies listed on the Shanghai and Shenzhen stock exchanges reported total first-half profits of 1.27 trillion yuan ($206.5 billion), up 10.13 percent year-on-year.

Companies listed on the ChiNext board, the Nasdaq-like stock market for innovative and fast-growing enterprises, reported net profit growth averaging 15 percent in the first half of the year.