By July 15, 2,092 A-share companies listed on the Shanghai Stock Exchange and the Shenzhen Stock Exchange had published their earnings forecasts for the first six months of 2018, as reported by the Shanghai Securities News.
Among the 2,092 companies, of which 205 companies are listed on the Shanghai Stock Exchange, 251 listed on the Main Board of the Shenzhen Stock Exchange, 907 listed on the Small and Medium-sized Enterprises (SME) Board, and 729 listed on the ChiNext.
One thousand four hundred and fifteen companies are expected to receive good news, including an increase in earnings, reversed losses and so forth, accounting for 67.64 percent of the 2,092 companies.
Accounting for 36.19 percent, 757 companies are expected to have a year-on-year net income growth rate exceeding 50 percent. Four hundred and seventeen out of the 757 companies growth rates will exceed 100 percent. The main reasons for the large increases are due to the companies' main businesses operations which went well, reorganization and non-recurring gains or losses.
Using the industrial total net income as a standard, the industries, such as the extractive industry, the commercial business, steel, construction materials and real estate are performing well. These industries' net income growth rates have reached 406.76 percent, 206.29 percent, 162.04 percent, 88.77 percent and 87.9 percent respectively.
While using the number of companies that are expected to receive good news in each industry as a standard, the sectors, such as banking, steel, building decoration, construction materials, biomedicine, chemical engineering, as well as the national defence and military industry are performing well. The number of companies that will receive good news in these industries accounts for 100 percent, 94.12 percent, 82.81 percent, 80.7 percent, 80.57 percent, 75.32 percent and 75 percent respectively.
One industry's performance is related to its market structure. For example, Tian Feng (TF) Securities stated that the excellent performance of the real estate companies depends on the real estate market heating up in the first half year of 2018. From January to May 2018, the cumulative amount of sales of commercial housing in China had increased by 11.8 percent year on year.
Among the 2,092 companies, of which 205 companies are listed on the Shanghai Stock Exchange, 251 listed on the Main Board of the Shenzhen Stock Exchange, 907 listed on the Small and Medium-sized Enterprises (SME) Board, and 729 listed on the ChiNext.
One thousand four hundred and fifteen companies are expected to receive good news, including an increase in earnings, reversed losses and so forth, accounting for 67.64 percent of the 2,092 companies.
Accounting for 36.19 percent, 757 companies are expected to have a year-on-year net income growth rate exceeding 50 percent. Four hundred and seventeen out of the 757 companies growth rates will exceed 100 percent. The main reasons for the large increases are due to the companies' main businesses operations which went well, reorganization and non-recurring gains or losses.
Using the industrial total net income as a standard, the industries, such as the extractive industry, the commercial business, steel, construction materials and real estate are performing well. These industries' net income growth rates have reached 406.76 percent, 206.29 percent, 162.04 percent, 88.77 percent and 87.9 percent respectively.
While using the number of companies that are expected to receive good news in each industry as a standard, the sectors, such as banking, steel, building decoration, construction materials, biomedicine, chemical engineering, as well as the national defence and military industry are performing well. The number of companies that will receive good news in these industries accounts for 100 percent, 94.12 percent, 82.81 percent, 80.7 percent, 80.57 percent, 75.32 percent and 75 percent respectively.
One industry's performance is related to its market structure. For example, Tian Feng (TF) Securities stated that the excellent performance of the real estate companies depends on the real estate market heating up in the first half year of 2018. From January to May 2018, the cumulative amount of sales of commercial housing in China had increased by 11.8 percent year on year.
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