CKGSB Survey Reveals Sharp Performance Gap Between Private and State Companies in China

The Q1 2026 CKGSB Investor Sentiment Survey uncovers a significant disparity in corporate performance among China’s listed companies. Private enterprises have seen a robust earnings recovery with a 22.5% year-over-year net profit growth, while state-owned enterprises have continued to struggle, facing a 14.5% decline over the same period. This divergence persists across industry sectors, where strategic emerging companies show a 21.0% growth, contrasting with a 6.1% decline in traditional sectors, signaling uneven recovery dynamics within China’s listed firms. Liu Jing, CKGSB’s Professor of Accounting and Finance and the survey’s author, notes the growing split in China’s equity market performance. Private…