Five MSCI companies released their unaudited preliminary annual financial reports on Thursday with mixed expectations in 2017.
Leading Chinese liquor maker Kweichow Moutai saw an increase of product sales in 2017, thus expecting a growth of approximately 9.7 billion yuan, or of some 58 percent on a year-on-year basis, in net profits, and a year-on-year rise of around 9.6 billion yuan, or of about 57 percent in net profits with deductions of incidental losses.
Comparatively, its financial performance in 2016 stood at 16.718 billion yuan in net profits, and 16.955 billion yuan in net profits with deductions of incidental losses. Its earnings per share came at 13.31 yuan.
Daqin Railway, a regional anddiversified railway transport enterprise, has expected a positive result in its 2017 financial performance, with a year-on-year rise of some 6.6165 billion yuan, or of about 86 percent in net profits, and an increase of approximately 6.210 billion, or of some 85.5 percent on a year-on-year basis in net profits when incidental losses are taken off.
By comparison, the company acquired 7.168 billion yuan in net profits and 7.261 billion yuan in net profits with deductions of incidental losses in 2016. Its earnings per share stood at 0.48 yuan.
Daqin attributed its good financial performance in 2017 to the improvement of domestic coal market and a stricter control of transporting coal by cargo trucks due to environmental protection regulations around Bohai Sea District, which spurred the demand for railway coal transportation.
Moreover, railway freight rates for coal went back to the benchmark prices also took the credit.
Chinese property developer RiseSun Development calculated its total assets at some 190.23 billion yuan in 2017, an increase of about 30.52 percent year-on-year. The net profits are expected to be approximately 5.768 billion yuan, a rise of some 39.6 percent, and its earnings per share to be some 1.33 yuan, up about 40 percent on a year-on-year basis.
The company saw earnings per share stand at 0.95 yuan, and net profits at 4.148 billion yuan in 2016.
Upon the positive expectations, RiseSun Development gave credit to the larger scale of property business, more settlement projects and a jump of profits in industrial parks and other non-property businesses.
Nanjing Xinjiekou Department Store Co., Ltd. offered two batches of statistics in its 2017 financial results due to the mergers of companies under its control, which led to a review of the preliminary comparative financial results.
Before the mergers, Nanjing Xinjiekou expected a year-on-year increase of 220 to 370 million yuan, up 55 to 93 percent in net profits, and of 150 to 300 million yuan in net profits with deductions of incidental losses, up 36 to 72 percent.
After the mergers, the net profits were changed to a year-on-year rise of 160 to 310 million yuan, higher 34 to 66 percent.
Comparatively in 2016, as for the net profits, the company gained 399.85 million yuan before the mergers and 464.26 million yuan after the mergers. As for the net profits with deductions of incidental losses, 417.88 million yuan was obtained before the mergers and 417.89 million yuan after the mergers. The earnings per share, before and after the mergers, stood at 0.48 and 0.52 yuan, respectively.
The company’s operating income has steadily improved, with an expectation of upward by around 7 percent.
Nanjing Xinjiekou attributed the rise to its acquisition of 76 percent shares in Shandong Cord Blood Bank and seizure of de facto control over the latter. Moreover, operating profits from property sector in its subsidiaries have been confirmed as positive year on year.
Chinese largest rubber producer Hainan Rubber Group saw a downward expectation in its 2017 financial results.
As for net profits, the company expected a year-on-year decline of 160 to 240 million yuan, and of 600 to 850 million yuan with deductions of incidental losses.
Compared with its financial performance in 2016, Hainan Rubber gained some 613 million yuan regarding the net profits but lost about 516 million yuan in net profits with deducted incidental losses. Its earnings per share stood at 0.0156 yuan.
The company saw the constant low prices for the rubber and the plummeting incomes from illiquid assets management as the major reasons for its negative operating performance.
Leading Chinese liquor maker Kweichow Moutai saw an increase of product sales in 2017, thus expecting a growth of approximately 9.7 billion yuan, or of some 58 percent on a year-on-year basis, in net profits, and a year-on-year rise of around 9.6 billion yuan, or of about 57 percent in net profits with deductions of incidental losses.
Comparatively, its financial performance in 2016 stood at 16.718 billion yuan in net profits, and 16.955 billion yuan in net profits with deductions of incidental losses. Its earnings per share came at 13.31 yuan.
Daqin Railway, a regional anddiversified railway transport enterprise, has expected a positive result in its 2017 financial performance, with a year-on-year rise of some 6.6165 billion yuan, or of about 86 percent in net profits, and an increase of approximately 6.210 billion, or of some 85.5 percent on a year-on-year basis in net profits when incidental losses are taken off.
By comparison, the company acquired 7.168 billion yuan in net profits and 7.261 billion yuan in net profits with deductions of incidental losses in 2016. Its earnings per share stood at 0.48 yuan.
Daqin attributed its good financial performance in 2017 to the improvement of domestic coal market and a stricter control of transporting coal by cargo trucks due to environmental protection regulations around Bohai Sea District, which spurred the demand for railway coal transportation.
Moreover, railway freight rates for coal went back to the benchmark prices also took the credit.
Chinese property developer RiseSun Development calculated its total assets at some 190.23 billion yuan in 2017, an increase of about 30.52 percent year-on-year. The net profits are expected to be approximately 5.768 billion yuan, a rise of some 39.6 percent, and its earnings per share to be some 1.33 yuan, up about 40 percent on a year-on-year basis.
The company saw earnings per share stand at 0.95 yuan, and net profits at 4.148 billion yuan in 2016.
Upon the positive expectations, RiseSun Development gave credit to the larger scale of property business, more settlement projects and a jump of profits in industrial parks and other non-property businesses.
Nanjing Xinjiekou Department Store Co., Ltd. offered two batches of statistics in its 2017 financial results due to the mergers of companies under its control, which led to a review of the preliminary comparative financial results.
Before the mergers, Nanjing Xinjiekou expected a year-on-year increase of 220 to 370 million yuan, up 55 to 93 percent in net profits, and of 150 to 300 million yuan in net profits with deductions of incidental losses, up 36 to 72 percent.
After the mergers, the net profits were changed to a year-on-year rise of 160 to 310 million yuan, higher 34 to 66 percent.
Comparatively in 2016, as for the net profits, the company gained 399.85 million yuan before the mergers and 464.26 million yuan after the mergers. As for the net profits with deductions of incidental losses, 417.88 million yuan was obtained before the mergers and 417.89 million yuan after the mergers. The earnings per share, before and after the mergers, stood at 0.48 and 0.52 yuan, respectively.
The company’s operating income has steadily improved, with an expectation of upward by around 7 percent.
Nanjing Xinjiekou attributed the rise to its acquisition of 76 percent shares in Shandong Cord Blood Bank and seizure of de facto control over the latter. Moreover, operating profits from property sector in its subsidiaries have been confirmed as positive year on year.
Chinese largest rubber producer Hainan Rubber Group saw a downward expectation in its 2017 financial results.
As for net profits, the company expected a year-on-year decline of 160 to 240 million yuan, and of 600 to 850 million yuan with deductions of incidental losses.
Compared with its financial performance in 2016, Hainan Rubber gained some 613 million yuan regarding the net profits but lost about 516 million yuan in net profits with deducted incidental losses. Its earnings per share stood at 0.0156 yuan.
The company saw the constant low prices for the rubber and the plummeting incomes from illiquid assets management as the major reasons for its negative operating performance.
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