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A total of 529 companies listed on the Shanghai Stock Exchange have issued optimistic earnings forecasts for 2024, anticipating a year-on-year surge in net profit attributable to shareholders ranging from 126% to 149%. This underscores the enduring positive fundamental trajectory of China's economy. Notably, during the fourth quarter of last year, many companies observed a significant turnaround in their performance, transitioning from negative to positive growth. This trend was particularly pronounced in the advanced manufacturing sector, which exhibited a robust recovery momentum. Policy-driven sectors such as automotive, food and beverage, and travel have witnessed exceptional performance, underscoring the synergistic impact of macroeconomic policies on industrial growth.
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