About 60 percent of innovative tier firms in China's NEEQ market expect to see profits in 2017, according to a report by the Shanghai Securities News last weekend.
This National Equities Exchange and Quotations (NEEQ) market, a major domestic venue for over-the-counter equity trading, is segmented into the basic tier and the higher innovative tier.
As of last Wednesday, 682 firms, out of a total of 707 players in the innovative tier, had released a preview of their 2017 business performances.
Among them, 519 firms, or 76 percent, had a year-on-year increase in their operating revenues. Twenty-nine of them saw over 100 percent increases in this regard, with the top player receiving RMB 11 billion.
Most of them registered profits. Of all these innovative tier firms, 403, or 60 percent, reported a year-on-year rise in their profits.
Sixty-seven companies enjoyed an over 100 percent year-on-year increase in this regard. Four companies respectively registered a net profit of over RMB 500 million.
Innovative tier players in the IT, medicine, biotechnology, machinery, electronics, chemical engineering, culture, and media sectors performed particularly well.
In each of these sectors, over 30 saw an increase in their operating revenue and an equal number of them enjoyed a net profit. Among them, medical and IT firms had the most impressive performances.
In the financial statements of many firms, environment protection and smart city stood out as the key words.
At least 20 companies mentioned their involvement in smart city planning across China. Some of them saw sharp rises in their profits while others successfully turned past losses into earnings in 2017.
Over 50 other firms were influenced by China's environment protection policy in 2017.
Some witnessed better business performances, in particular those operating the waste treatment business.
Others were hit hard. Some players, e.g., those dealing in chemical products and coal products, suffered drastic profit drops or even losses.
This National Equities Exchange and Quotations (NEEQ) market, a major domestic venue for over-the-counter equity trading, is segmented into the basic tier and the higher innovative tier.
As of last Wednesday, 682 firms, out of a total of 707 players in the innovative tier, had released a preview of their 2017 business performances.
Among them, 519 firms, or 76 percent, had a year-on-year increase in their operating revenues. Twenty-nine of them saw over 100 percent increases in this regard, with the top player receiving RMB 11 billion.
Most of them registered profits. Of all these innovative tier firms, 403, or 60 percent, reported a year-on-year rise in their profits.
Sixty-seven companies enjoyed an over 100 percent year-on-year increase in this regard. Four companies respectively registered a net profit of over RMB 500 million.
Innovative tier players in the IT, medicine, biotechnology, machinery, electronics, chemical engineering, culture, and media sectors performed particularly well.
In each of these sectors, over 30 saw an increase in their operating revenue and an equal number of them enjoyed a net profit. Among them, medical and IT firms had the most impressive performances.
In the financial statements of many firms, environment protection and smart city stood out as the key words.
At least 20 companies mentioned their involvement in smart city planning across China. Some of them saw sharp rises in their profits while others successfully turned past losses into earnings in 2017.
Over 50 other firms were influenced by China's environment protection policy in 2017.
Some witnessed better business performances, in particular those operating the waste treatment business.
Others were hit hard. Some players, e.g., those dealing in chemical products and coal products, suffered drastic profit drops or even losses.
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