Companies listed on China's Shanghai and Shenzhen bourses are expected to see faster profit growth in the first half of 2015 as compared with a combined net profit rise of 3.5 percent in the first quarter.
A total of 962 companies have guided half-year results so far, of which 596 companies or over 60 percent, predicted to make profits, showed data from financial information provider iFinD. Companies listed on small and medium-sized enterprise board (SME) and ChiNext board, or China's Nasdaq-like stock market, are expected to extend rapid profit growth in the first half of 2015, according to iFinD data.
By sectors, companies in upstream resources sectors and midstream manufacturing sectors are predicted to remain weak growth momentum while those in media, telecom equipment, electrical devices and biomedical sectors are expected to keep high climate.
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