Lates News

Guotai Junan Securities report states that by 2025, the overall performance of A-shares is still in a bottoming phase, with non-financial sectors stabilizing their revenue growth and ROE. In Q2 2025, the net profit growth rates for all A-shares, financial, and non-financial sectors were +1.5%, +5.8%, and -1.9% respectively, showing low volatility characteristics. In terms of net profit structure, the industrial sector was mainly impacted by commodity prices, leading to a decline in profit growth in the consumption sector. The TMT sector had the fastest profit growth year-on-year, matching the market trend. The increase in financial profit mainly came from securities companies. Despite facing pressures from tariffs, exchange rate gains and losses, and cash flow, the overseas business of some representative companies has significantly boosted overall income and profit margins, indicating that going global is an important clue for better-than-expected performance in the mid-year report.