Consumer-driven firms forge ahead in H1

A-share listed companies with consumption-driven business were among the most profitable, while those suffering from overcapacity and shrinking market demands have been struggling with significant losses, according to analysis of the latest financial interim reports of the 2,500 A-share listed companies.

Some 60 percent of these companies which have released interim reports said their profits grew year-on-year, while some 950 companies, or 37 percent, said their profits declined in the first half of 2016, according to Shanghai-based Wind Information Technology Ltd, a financial information services provider.

Sinopec Group reported net profit of 19.3 billion yuan ($2.89 billion), which ranks the top among all the A-share companies.