Fifty-nine listed companies based in Qingdao, Shandong province recently released semi-annual reports and most of them achieved revenue and profit growth.

By the closing bell on Aug 31, the total market value of 59 listed companies in Qingdao reached 792.09 billion yuan ($113.82 billion). The market value of 13 companies exceeded 10 billion yuan, among which Haier Smart Home's market value stood at 244.42 billion yuan and Tsingtao Brewery reported 147.35 billion yuan. They were the only two companies in Qingdao with a market value over 100 billion yuan.

The total assets of the 59 listed companies reached 1.64 trillion yuan, bringing in a total revenue of 279.38 billion yuan in the first half of the year, up 12.17 percent compared with the same period last year, and achieved a net profit of 23.29 billion yuan, up 11.20 percent year-on-year, which contributed greatly to the economic growth of Qingdao.

Haier Group is a home appliance giant in Qingdao, Shandong province. [Photo/Dazhong News]

The office building of Chinese home appliance giant Hisense Group in Qingdao. [Photo/Dazhong News]

Tsingtao is a time-honored beer brand located in Qingdao. [Photo/Dazhong News]