Listed firms post strong profits in 2024
2025-05-12 19:05:25
By Yan Wanqin.
Most of Yichang's listed companies delivered robust results in 2024, reporting a combined revenue of 83.52 billion yuan (US$11.56 billion) and total net profit of 2.16 billion yuan. Among them, 18 companies were profitable with three standout firms achieving year-on-year net profit growth of over 100 percent.
Xingfa Group, a key player in China's phosphorus chemical industry, remained the most profitable listed company in Yichang in 2024, with revenue of 28.4 billion yuan and 1.6 billion yuan in net profit attributable to shareholders.
Hubei Yihua Group, a leader in the nitrogen fertilizer industry, posted revenue of 16.96 billion yuan and a net profit of 653 million yuan in 2024, representing a 44 percent year-on-year growth.
As the world’s second largest yeast producer, Angel Yeast achieved revenue of 15.2 billion yuan in 2024, up 12 percent year-on-year, and a net profit of 1.33 billion yuan, up 4 percent year-on-year. Meanwhile, the company’s deep processing business broke the 10 billion yuan mark for the first time.
Three listed companies from Yichang achieved triple-digit profit growth, earning recognition as the city’s top performers of 2024.
Doti Micro, a high-tech company specializing in optical films and optical glass molding, saw revenue rise 70 percent 597 million yuan, with net profit soaring 271 percent to 55.82 million yuan, the fastest growth among local listed firms.
Allmed Medical reported revenue of 3.33 billion yuan, up 21 percent, and net profit of 369 million yuan, a significant 234 percent increase.
Huaqiang High-Tech, a leading producer of pharmaceutical butyl rubber stoppers, reported revenue of 611 million yuan, up 7 percent, with net profit jumping 184 percent to 22.53 million yuan.
Driven by policies to boost domestic consumption, Yichang’s consumer-centric companies have also delivered strong performances.
Yizhi Konjac achieved revenue of 617 million yuan, a year-on-year increase of 29 percent, and net profit of 86.72 million yuan, up 64 percent, both reaching record highs.
While Three Gorges Tourism saw revenue drop 54 percent to 741 million yuan and net profit decline 9 percent to 118 million yuan, the company noted that excluding discontinued operations, its revenue actually rose 10 percent and profit increased 38 percent.
Other profitable A-share listed companies include Kangnong Seed, Heyuan Gas, Three Gorges New Material, Hongyu New Packaging Materials, Gabrielle-Optech, Power Glory Battery Tech, and Sinophorus Electronic Materials. All three Hong Kong-listed companies also remained profitable.
Song Xiaoxiao contributed to this story.
Most of Yichang's listed companies delivered robust results in 2024, reporting a combined revenue of 83.52 billion yuan (US$11.56 billion) and total net profit of 2.16 billion yuan. Among them, 18 companies were profitable with three standout firms achieving year-on-year net profit growth of over 100 percent.
Xingfa Group, a key player in China's phosphorus chemical industry, remained the most profitable listed company in Yichang in 2024, with revenue of 28.4 billion yuan and 1.6 billion yuan in net profit attributable to shareholders.
Hubei Yihua Group, a leader in the nitrogen fertilizer industry, posted revenue of 16.96 billion yuan and a net profit of 653 million yuan in 2024, representing a 44 percent year-on-year growth.
As the world’s second largest yeast producer, Angel Yeast achieved revenue of 15.2 billion yuan in 2024, up 12 percent year-on-year, and a net profit of 1.33 billion yuan, up 4 percent year-on-year. Meanwhile, the company’s deep processing business broke the 10 billion yuan mark for the first time.
Three listed companies from Yichang achieved triple-digit profit growth, earning recognition as the city’s top performers of 2024.
Doti Micro, a high-tech company specializing in optical films and optical glass molding, saw revenue rise 70 percent 597 million yuan, with net profit soaring 271 percent to 55.82 million yuan, the fastest growth among local listed firms.
Allmed Medical reported revenue of 3.33 billion yuan, up 21 percent, and net profit of 369 million yuan, a significant 234 percent increase.
Huaqiang High-Tech, a leading producer of pharmaceutical butyl rubber stoppers, reported revenue of 611 million yuan, up 7 percent, with net profit jumping 184 percent to 22.53 million yuan.
Driven by policies to boost domestic consumption, Yichang’s consumer-centric companies have also delivered strong performances.
Yizhi Konjac achieved revenue of 617 million yuan, a year-on-year increase of 29 percent, and net profit of 86.72 million yuan, up 64 percent, both reaching record highs.
While Three Gorges Tourism saw revenue drop 54 percent to 741 million yuan and net profit decline 9 percent to 118 million yuan, the company noted that excluding discontinued operations, its revenue actually rose 10 percent and profit increased 38 percent.
Other profitable A-share listed companies include Kangnong Seed, Heyuan Gas, Three Gorges New Material, Hongyu New Packaging Materials, Gabrielle-Optech, Power Glory Battery Tech, and Sinophorus Electronic Materials. All three Hong Kong-listed companies also remained profitable.
Song Xiaoxiao contributed to this story.
