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Most of China's listed companies have handed in their performance sheets for the first half of the year, offering insights into the country's industrial reform progress and economic growth outlook.
A total of 2,558 firms listed on the Shanghai and Shenzhen stock exchanges had disclosed their semiannual financial reports as of Sept. 1. Overall profit growth dropped from a year ago in the first half of the year as economic slowdown continued to weigh on business performance.
Listed firms raked in combined net profits of 1.27 trillion yuan (205.9 billion U.S. dollars) in the January-June period, up 9.47 percent year on year. However, the growth rate, although better than the first quarter, was still outpaced by that of the same period in 2013, when listed companies saw profits increase over 11 percent due to a low base in the previous year.
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