Most firms on China's new third board report profit in 2021

BEIJING -- A total of 6,061 companies listed on China's new third board, or the National Equities Exchange and Quotations (NEEQ), have released their annual performance figures for 2021, with over 70 percent of them reporting profit.

The net profit of the aforementioned companies totaled 60.62 billion yuan (about $9.16 billion) in 2021, up 14.74 percent year-on-year, according to NEEQ Co Ltd.

In the period, these companies raked in 1.46 trillion yuan in revenue, up 17.31 percent from the previous year.

China launched the new third board in 2013 to facilitate financing for China's non-listed firms, allowing them to exchange equity and raise funds on the platform.