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Majority of listed firms forecast improved earnings in 2015

SHANGHAI
2015-11-02 10:33

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By Oct. 31, 1,058 of the 2,700-odd firms listed on China's Shanghai and Shenzhen stock exchanges had unveiled guidance of their financial results for the whole year of 2015.

Of them, 643 ones or over 60 percent guided improved performance on a year-on-year basis, according to Wind Info. While the 643 projected profit growth, 374 ones forecast slides in profitability or loss in 2015.

By industry, companies in steel, cement and coal sectors are estimated to see negative net profits while companies related to mobile internet, software and home appliances expected to see relatively good performance this year.

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