China's female-led firms valued at 2 trln yuan in A-share market

Updated 2018-03-09 09:45:05 Xinhua

Women are having more say in China's business world as females at helm of A-share listed firms have become more visible.

As of March 7, the day before International Women's Day, a total of 174 A-share listed companies run by female chairpersons posted 2.12 trillion yuan (335.2 billion U.S. dollars) in aggregate market value, according to data from Securities Times.

With 65 listed in the Shanghai Stock Exchange and the rest in Shenzhen, the companies accounted for only 4.98 percent of the country's total domestically-listed companies.

Female executives are showing strong leadership skills, as Dong Mingzhu, chairperson of Gree Electric, topped the Forbes China's annual ranking of China's most successful businesswomen in 2017.

Among 43 A-share listed firms with their market value exceeding 10 billion yuan, Gree Electric has a latest market value of 311.1 billion yuan, second largest in the home appliances sector.

Song Guangju, chairperson of Poly Real Estate with market value of 182.7 billion yuan, has increased its annual profits from 660 million yuan to 15.7 billion yuan since she took the position.

Some 66 women own stakes of over 100 million yuan, with He Qiaonv, who chairs Beijing Orient Landscape, holding 21.55 billion yuan in market value based on the latest share price.

Most of these companies specialize in manufacturing, especially the sectors of chemical and mechanical equipment. Companies in the financial and extractive industries have fewer chairwomen.

All eight female-led companies that have released their 2017 annual reports are profitable.

Another 86 companies are expected to post a rise in their net profits in 2017, but their annual reports are yet to be released.

Also in the News

Nicole Kidman Recalls Oscar Glory: Loneliest Time
Showbiz2016/06/16 13:58February 23 2019 13:04:06

Nicole Kidman Recalls Oscar Glory: Loneliest Time

Attending Shanghai International Film Festival, Nicole Kidman talks about her role in "Grace of Monaco".

Labor Day Travel Peak Starts
Also in the News2014/05/01 12:16February 23 2019 13:04:06

Labor Day Travel Peak Starts

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'
Also in the News2014/04/18 13:18February 23 2019 13:04:06

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'

Hollywood star Johnny Depp's speech in the upcoming new film "Transcendence" has been disclosed on Friday, April 11th.

China World Business Sports Showbiz Audio
C4 My Chinese Life The Sound Stage China Revealed Showbiz Video Travel Video
China World Fun Travel Entertainment Sports
Beijing Shanghai Guangzhou
Live Music Opera & Classical Movies Traditional Shows Exhibitions
Learn Chinese:
Chinese Studio Living Chinese Everyday Chinese Just For Fun Chinese Culture Buzzwords