Reforms pay off for A-share firms as profits surge

The total revenue and net profit of listed A-share companies in 2016 registered double-digit year-on-year growth as supply-side structural reform deepened and many upstream companies reduced overcapacity.

All 3,204 companies listed on the Shanghai and Shenzhen bourses completed releasing their annual reports by April 30.

The revenue of the listed companies totaled 32.5 trillion yuan ($4.7 trillion) last year, increasing 10.2 percent year-on-year; their net profit totaled 2.8 trillion yuan, increasing 11.2 percent year-on-year, according to Choice, an information service provider owned by Eastmoney.com.