Shanghai Securities News｜Continuously Driving Global Productivity Iterations and Upgrades: Expanding Operating Advantages of the Shanghai Stock Exchange-Listed Companies

Translated from Shanghai Securities News—www.cnstock.com

With the successive implementation of foreign trade policies, positive factors for exports have accumulated, providing strong momentum for the overseas operations of the SSE-listed companies. These companies are maturing in terms of business models, brand management, product and service offerings, while gaining increasing influence within global supply chains.

Exports have gradually become an important driver of performance growth for the SSE-listed companies. Since the beginning of this year, export volumes have steadily expanded across several sectors, including construction machinery, shipbuilding, and automotive, continuously optimizing resource allocation and securing positions within the global supply chain. For example, in the construction machinery sector, exports reached 38.714 billion US dollars in the first three quarters, representing a 4.31% year-on-year increase. Benefiting from the boost in exports, the overall operating revenue of the SSE-listed companies in the construction machinery sector grew by 4.22%, with a 13.63% increase in net profit attributable to the parent companies.

Private enterprises are actively going global, with their international competitiveness steadily strengthening. In the first half of this year, overseas revenue for private enterprises listed on the SSE reached 601.6 billion yuan, a 28% year-on-year increase, with the proportion of overseas revenue rising by 1 percentage point compared to last year.

The overseas industry structure of the SSE-listed companies is shifting from traditional sectors to high-end manufacturing, information technology, and other emerging industries. Driven by technological innovation, these companies are continually strengthening their core competitiveness within the industrial supply chain. Companies like Hisense Visual Technology Co., Ltd. and Ningbo Joyson Electronic Corp. have seen steady growth in their overseas businesses.

The profile of companies expanding abroad is evolving from single-industry to diverse groups, and is no longer confined to traditional markets in North America and Europe. Increasingly, the SSE-listed companies are investing in regions like Asia and Africa, broadening their international reach and actively participating in the restructuring of global industrial and supply chains.

Excerpt translated from Shanghai Securities News—www.cnstock.com on November 5, 2024

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The above information is provided for reference purposes only and does not constitute investment advice.