Most firms on Chinas new third board report profit in 2021

Xinhua2022-05-05 06:52

　　Photo taken on Nov. 15, 2021 shows an exterior view of the office building of the Beijing Stock Exchange, in Beijing, capital of China. (Xinhua/Peng Ziyang)

　　BEIJING, May 4 (Xinhua) -- A total of 6,061 companies listed on China's new third board, or the National Equities Exchange and Quotations (NEEQ), have released their annual performance figures for 2021, with over 70 percent of them reporting profit.

　　The net profit of the aforementioned companies totaled 60.62 billion yuan (about 9.16 billion U.S. dollars) in 2021, up 14.74 percent year on year, according to NEEQ Co., Ltd.

　　In the period, these companies raked in 1.46 trillion yuan in revenue, up 17.31 percent from the previous year.

　　China launched the new third board in 2013 to facilitate financing for China's non-listed firms, allowing them to exchange equity and raise funds on the platform.