On Tuesday, 14 companies listed on China's stock markets publicized their half-year reports, all declaring profits, the Xinhua-run Shanghai Securities News reported.

The net profit of the Xiaoshangpingcheng Company, the operator of a commodity wholesale market in eastern Zhejiang Province, totaled 141.03 million yuan (17.6 million U.S. dollars), up 59.42 percent on last year.The half-year EPS (earning per share) was 1.13 yuan.

Benefiting from the rising price of non-ferrous metal, the Baotai company that sells titanium saw its net profits jump 199.2 percent to 168.5 million yuan, according to its report. The EPS of Baotai reached 0.84 yuan.

Due to the steel price fluctuation, two steel companies reported a fall in profits compared with the previous year. The net profit of the Nanjing Steel and Iron Company dropped 57.99 percent to 131.95 million yuan, while that of the Lingyuan Steel and Iron Company dropped 45.64 percent to 153.93 million yuan.

The composite index of Shanghai Stock Exchange has soared about 50 percent since beginning this year. China's economy grew by 10.9 percent in the first half of the year, the National Bureau of Statistics (NBS) revealed on Tuesday.

Source: Xinhua