Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Credit
Economy

Over 100 listed companies upbeat about H1 performance

June 02, 2020


Abstract : A total of 105 Chinese firms listed on the A-share market expect positive financial results in the first half of this year (H1) despite the COVID-19 epidemic, the China Securities Journal reported on Monday.

BEIJING, June 1 (Xinhua) -- A total of 105 Chinese firms listed on the A-share market expect positive financial results in the first half of this year (H1) despite the COVID-19 epidemic, the China Securities Journal reported on Monday.

A total of 77 companies expected their net profits to increase by more than 10 percent year on year in H1 and 33 firms estimated that their net profits would double, the newspaper reported, citing data from financial information provider Wind.

As of Friday, 537 listed companies had released H1 performance estimates. While the COVID-19 epidemic had weighed on their profits, many said recovery has been seen since the second quarter, as pent-up demand was unleashed amid containment of the epidemic.

Companies in the sectors of agricultural products and food, biological medicine, computers and telecommunication expected a better performance in H1 thanks to increasing orders.

Chinese stocks closed higher on Monday. The benchmark Shanghai Composite Index went up 2.21 percent to close at 2,915.43 points, while the Shenzhen Component Index closed 3.31 percent higher at 11,102.15 points.

The combined turnover of the two bourses stood at 761.59 billion yuan (about 106.79 billion U.S. dollars), soaring from 572.3 billion yuan on the previous trading day. Enditem

Scan the QR code and push it to your mobile phone

Keyword: listed companies

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial