Over half of the A-share companies expect to see improved business performances in the first half of 2018, as reported by the Shanghai Securities News on Wednesday.
Financial previews by 1,093 companies available as of Wednesday revealed that 587 of them, or 53.7 percent, would perform better for the first six months of this year.
Steel, biotech, and food and beverage players were the most robust.
All seven steel producers that had already announced estimates of their half-year performance saw profit growths.
Of the 78 biotech firms, 56 expected an increase in their profits, accounting for 73 percent.
Well-known companies kept up their strong growth, with one of them predicting a year-on-year growth of over 90 percent in their net profits. Another vitamin-A producer expected a 280 to 330 percent jump in its net profits, thanks to rising prices.
This robustness builds on the positive momentum as seen in the first quarter of this year and 2017.
Up to now, 3,522 A-share firms have released their first-quarter results, of which 3,039 reaped earnings, 1,941 saw a growth in their profits and 182 turned losses into gains.
In the first quarter, their revenues and net profits amounted to RMB 9.82 trillion and RMB 928.34 billion respectively, up by 11.3 percent year-on-year and 14.38 percent year-on-year.
During this period, the gross profit ratio of the non-financial players averaged 19.96 percent versus 19.37 in the first quarter of 2017. Their operating cash flow changed from RMB -268.7 billion in the first quarter of 2017 to RMB -378.7 billion.
In 2017, the A-share firms obtained a total of RMB 39.15 trillion in revenues, up by 17.57 percent year-on-year, and earned RMB 3.36 trillion in profits, up by 18.43 percent year-on-year.
During the same period, non-financial players saw a total profit of RMB 1.7 trillion, up by 31.85 percent year-on-year. Companies under the SSE 50 Index saw RMB 15.46 trillion in revenues and RMB 1.61 trillion in net profits.
Financial previews by 1,093 companies available as of Wednesday revealed that 587 of them, or 53.7 percent, would perform better for the first six months of this year.
Steel, biotech, and food and beverage players were the most robust.
All seven steel producers that had already announced estimates of their half-year performance saw profit growths.
Of the 78 biotech firms, 56 expected an increase in their profits, accounting for 73 percent.
Well-known companies kept up their strong growth, with one of them predicting a year-on-year growth of over 90 percent in their net profits. Another vitamin-A producer expected a 280 to 330 percent jump in its net profits, thanks to rising prices.
This robustness builds on the positive momentum as seen in the first quarter of this year and 2017.
Up to now, 3,522 A-share firms have released their first-quarter results, of which 3,039 reaped earnings, 1,941 saw a growth in their profits and 182 turned losses into gains.
In the first quarter, their revenues and net profits amounted to RMB 9.82 trillion and RMB 928.34 billion respectively, up by 11.3 percent year-on-year and 14.38 percent year-on-year.
During this period, the gross profit ratio of the non-financial players averaged 19.96 percent versus 19.37 in the first quarter of 2017. Their operating cash flow changed from RMB -268.7 billion in the first quarter of 2017 to RMB -378.7 billion.
In 2017, the A-share firms obtained a total of RMB 39.15 trillion in revenues, up by 17.57 percent year-on-year, and earned RMB 3.36 trillion in profits, up by 18.43 percent year-on-year.
During the same period, non-financial players saw a total profit of RMB 1.7 trillion, up by 31.85 percent year-on-year. Companies under the SSE 50 Index saw RMB 15.46 trillion in revenues and RMB 1.61 trillion in net profits.
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