TOKYO -- China's publicly traded companies took a net profit hit for the first time in five years in 2023, as a protracted property sector slump bled into other industries.
The roughly 5,200 non-finance companies listed in mainland China logged a combined net profit of 2.85 trillion yuan ($394 billion) last year, according to DZH data. This amounts to a 100 billion yuan decrease, or a 3% dip.
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