First-quarter financial reports available as of Tuesday forecast the robust performances of A-share firms, according to a report by the Securities Daily today.
Up to Tuesday, 113 A-share listed firms had released their performance previews for the first three months of 2018. Most of them would see positive progress during this period, as shown by the data from tonghuashun, a popular mobile app for the securities market in China.
Among these firms, only eight were expected to suffer a loss or decline in their business performances, while others all enjoyed increases to various extents.
Several players would witness an over ten-fold surge for their quarterly performances in the first three months.
The top gainer, DDMC Culture Co., Ltd in central China operating in the sports and entertainment sector, registered a staggering growth of between 19,234.88 percent and 30,835.81 percent in profit attributable to its shareholders. In the first three months, these shareholders expected to receive a total profit of between RMB 50 million and RMB 80 million.
Another prominent player is a producer of equipment for handling containers and commodities in East China, Wuxi Huadong Heavy Machinery Co., Ltd.
It earned between RMB 143.131 million and RMB 156.918 million as profit attributable to its shareholders, up by a margin of 2,499.59 percent to 2,750 percent versus a figure of RMB 5.506 million for the same period last year.
Forty-three companies saw doubled figures in their business performances, and over thirty others witnessed a growth of at least 50 percent.
By net profit, 36 firms each expected to earn over RMB 100 million in the first three months.
Among them, the Kangde Xin Composite Material Group Co., Ltd. was the most profitable, raking in a profit of between RMB 703.94 million and RMB 785.16 million to its shareholders, up by a range of 30 percent to 45 percent.
Over ten companies took in a net profit of less than RMB 10 million.
Up to Tuesday, 113 A-share listed firms had released their performance previews for the first three months of 2018. Most of them would see positive progress during this period, as shown by the data from tonghuashun, a popular mobile app for the securities market in China.
Among these firms, only eight were expected to suffer a loss or decline in their business performances, while others all enjoyed increases to various extents.
Several players would witness an over ten-fold surge for their quarterly performances in the first three months.
The top gainer, DDMC Culture Co., Ltd in central China operating in the sports and entertainment sector, registered a staggering growth of between 19,234.88 percent and 30,835.81 percent in profit attributable to its shareholders. In the first three months, these shareholders expected to receive a total profit of between RMB 50 million and RMB 80 million.
Another prominent player is a producer of equipment for handling containers and commodities in East China, Wuxi Huadong Heavy Machinery Co., Ltd.
It earned between RMB 143.131 million and RMB 156.918 million as profit attributable to its shareholders, up by a margin of 2,499.59 percent to 2,750 percent versus a figure of RMB 5.506 million for the same period last year.
Forty-three companies saw doubled figures in their business performances, and over thirty others witnessed a growth of at least 50 percent.
By net profit, 36 firms each expected to earn over RMB 100 million in the first three months.
Among them, the Kangde Xin Composite Material Group Co., Ltd. was the most profitable, raking in a profit of between RMB 703.94 million and RMB 785.16 million to its shareholders, up by a range of 30 percent to 45 percent.
Over ten companies took in a net profit of less than RMB 10 million.
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