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中文(ZH) 迭代快韧性足,A股出口企业估值静待重构

Chinese Export Firms Show Resilience Amidst Global Headwinds

Chinese A-share listed companies with export businesses have shown remarkable resilience and growth despite global economic headwinds and geopolitical tensions. In 2025, these companies achieved a 14% year-on-year increase in overseas revenue, reaching 7.3 trillion yuan, and a 21% rise in overseas profits to 0.9 trillion yuan. Despite this strong performance, their stock prices have declined, as the market continues to value them based on outdated metrics for traditional foreign trade rather than their current strategies of establishing local operations overseas. AI

RANK_REASON The article discusses market valuation and business strategies of Chinese export companies, which is an economic commentary rather than a core AI news event.

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COVERAGE [1]

  1. 36氪 (36Kr) TIER_1 中文(ZH) ·

    Fast iteration and strong resilience, A-share export companies' valuations await reconstruction

    在全球经济增长乏力、地缘冲突此起彼伏等多重压力交织的背景下,A股上市公司出口业务非但没有收缩,反而实现量质同升。以沪市主板公司为例,2025年实现海外收入7.3万亿元,同比增长14%,海外创利0.9万亿元,同比增长21%,两项指标增速较上年分别加快7个百分点和12个百分点。 然而,出口业务的韧性,并未体现在二级市场的股价上。今年以来,A股不少出口类公司股价持续走弱,业绩稳健与股价低迷形成鲜明背离。究其原因,是市场仍在采用传统外贸的标尺衡量已迭代升级的出海企业。 在近日一场研讨会上,多位业内人士认为,多家A股出口企业已跳出“单纯把货卖到海外”的初级阶段,转…