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Listed firms report 41% income growth in first half
By Winny Wang |
August 31, 2010, Tuesday
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Online Edition
Online Edition
NET incomes for 1,947 companies listed on the Chinese mainland jumped 41.17 percent in the first half of this year and 396 of them expect positive results for the first three quarters in their preliminary reports.
The companies earned a combined 785 billion yuan in net income in the first half and their revenues grew 42.23 percent to 7.9 trillion yuan, or 46 percent of China's gross domestic product in the period, according to data compiled by Shanghai Securities News.
Among them, 247 firms suffered losses in the period, accounting for 12.69 percent of the total, compared with 17.69 percent in the first half of last year, and 1,700 firms were profitable.
Investment returns made by these companies declined 16.21 percent in the first half, reflecting that their profits were generated mainly from their core business, according to the newspaper.
Components of the CSI 300 index, covering the top 300 mainland-listed companies, earned 691.27 billion yuan in the period, accounting for 88.06 percent of the total, while profits for the 50 biggest companies listed in Shanghai earned 554.6 billion yuan, accounting for 70.65 percent.
The companies earned a combined 785 billion yuan in net income in the first half and their revenues grew 42.23 percent to 7.9 trillion yuan, or 46 percent of China's gross domestic product in the period, according to data compiled by Shanghai Securities News.
Among them, 247 firms suffered losses in the period, accounting for 12.69 percent of the total, compared with 17.69 percent in the first half of last year, and 1,700 firms were profitable.
Investment returns made by these companies declined 16.21 percent in the first half, reflecting that their profits were generated mainly from their core business, according to the newspaper.
Components of the CSI 300 index, covering the top 300 mainland-listed companies, earned 691.27 billion yuan in the period, accounting for 88.06 percent of the total, while profits for the 50 biggest companies listed in Shanghai earned 554.6 billion yuan, accounting for 70.65 percent.
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