BEIJING, Jan. 31 (Xinhua) -- Nearly a half of the 2,436 companies listed on Shanghai, Shenzhen and Beijing stock exchanges expected by Tuesday their annual financial results for 2023 to be optimistic, reported Xinhua-run Shanghai Securities News Wednesday.
Among them, 744 A-share market listed companies projected increases and slight increases in net annual profits or continued profitability last year.
Moreover, 542 A-share companies foresaw that their 2023 net profits might at least be double of the comparable data in 2022 and many of them were likely to embrace net annual profit growths higher than rises in their revenues last year.
Taking automobile industry as an example, BYD Company Ltd. (002594.SZ), Faw Jiefang Group (000800.SZ), Beiqi Foton Motor Co., Ltd. (600166.SH), Jiangsu General Science Technology Co., Ltd. (601500.SH) and Suzhou Sonavox Electronics Co., Ltd. (688533.SH) all expected their net profits in 2023 to grow further from the year prior.
Beiqi Foton Motor announced that sales of its new energy vehicles surged in 2023, resulting in all-time-high exports for the company whose annual profits were predicted to reach about 910 million yuan, an around 1,298-percent rise likely from the comparable indicator in 2022.
Apart from the gratifying outlook makers, 325 listed companies on the three bourses, namely Shanghai Stock Exchange, Shenzhen Stock Exchange and Beijing Stock Exchange believed they would bid farewell to loss making and turn a profit in 2023.
As a crucial force to push forward the Chinese economy, A-share market listed companies engaged in sectors such as machinery and equipment, social service, public utility, transportation, light manufacturing, automobile and electronics estimated better financial performance than others in last year.
Behind these pleasant financial results forecasts, rapid market recovery, smooth operation of investment projects and robust production and sales of star products of A-share listed companies all pointed to the resilience and vitality of the Chinese economy. (Edited by Duan Jing with Xinhua Silk Road, duanjing@xinhua.org)
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