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Electronics firms earn most among all mainland public companies
By Lydia Chen |
February 1, 2011, Tuesday
|
Online Edition
Online Edition
MORE than 70 percent of all mainland-listed firms that have released their 2010 earnings previews said they had made a profit last year with the electronics industry being as the best performer, industry data showed.
Among all the 1,257 company profit previews to Shanghai and Shenzhen stock exchanges, 921 firms, or 73.3 percent, said they made a profit last year while 219, or 17.4 percent, said they would make a loss, Shanghai Securities News reported today.
Eighteen firms, including Xinjiang Dushanzi Tianli High & New Tech Co and Han's Laser Technology Co, said their earnings could jump more than 10 times from a year earlier thanks to production capacity expansion, company restructuring and a relatively poor profit performance basis in 2009.
For the other gainers, 292 firms predicted a profit rise of more than 100 percent. The electronics industry has more gainers than any other sectors, followed by biotechnology and clothing manufacturing.
Profits for companies in transportation sector, such as airlines, China COSCO Holdings Co and China Shipping Container Lines Co, were boosted by a rising Chinese currency and recovering global economy.
Among all the 1,257 company profit previews to Shanghai and Shenzhen stock exchanges, 921 firms, or 73.3 percent, said they made a profit last year while 219, or 17.4 percent, said they would make a loss, Shanghai Securities News reported today.
Eighteen firms, including Xinjiang Dushanzi Tianli High & New Tech Co and Han's Laser Technology Co, said their earnings could jump more than 10 times from a year earlier thanks to production capacity expansion, company restructuring and a relatively poor profit performance basis in 2009.
For the other gainers, 292 firms predicted a profit rise of more than 100 percent. The electronics industry has more gainers than any other sectors, followed by biotechnology and clothing manufacturing.
Profits for companies in transportation sector, such as airlines, China COSCO Holdings Co and China Shipping Container Lines Co, were boosted by a rising Chinese currency and recovering global economy.
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