File photo/ Liu Guomei (NBD)

As time enters April, the disclosure of annual reports by listed companies is proceeding at a rapid pace.

As of April 8, a total of 848 A-share listed companies at the Shenzhen Stock Exchange have disclosed their 2022 annual reports or performance reports.

The 848 companies achieved a total net profit of 691.414 billion yuan, with an average expected net profit of 815 million yuan per company. The three-year compound growth rate was 19.77%, showing an overall positive trend.

Among them, 763 companies are expected to be profitable, accounting for nearly 90%; 484 companies are expected to achieve year-on-year growth in net profit, accounting for nearly 60%.

The leading power battery company CATL achieved operating revenue of 328.594 billion yuan in 2022, a year-on-year increase of 152%; net profit was 30.729 billion yuan, a year-on-year increase of 93%.

The new energy vehicle leader BYD achieved operating revenue of 424.061 billion yuan in 2022, a year-on-year increase of 96%; net profit was 16.622 billion yuan, a year-on-year increase of 446%. 

It is worth noting that on April 10, the main boards in Shenzhen and Shanghai welcomed the first batch of IPO companies to be listed and traded under China's registration-based initial public offering (IPO) system

The interviewed listed companies expressed their full expectations for the implementation of the registration-based IPO system and hoped to further leverage the capital market to promote high-quality development of their companies.