Over 70% Of Firms Report Black Ink In 2010
By Lydia Chen |
February 2, 2011, Wednesday
|
Print Edition
Print Edition
MORE than 70 percent of Chinese mainland-listed companies that have released their 2010 earnings previews said they were profitable last year, and the electronic industry was seen as the best performer.
Of the 1,257 profit previews filed by the firms to the Shanghai and Shenzhen stock exchanges, 921, or 73.3 percent, said they made profits last year while 219, or 17.4 percent, had red ink, Shanghai Securities News reported yesterday.
Eighteen of the profitable 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 on an expansion in production capacity and company restructuring. For the other gainers, 292 firms predicted a profit rise of more than 100 percent.
The electronic industry has more firms seen posting profits, followed by biotechnology and textile makers.
Of the 1,257 profit previews filed by the firms to the Shanghai and Shenzhen stock exchanges, 921, or 73.3 percent, said they made profits last year while 219, or 17.4 percent, had red ink, Shanghai Securities News reported yesterday.
Eighteen of the profitable 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 on an expansion in production capacity and company restructuring. For the other gainers, 292 firms predicted a profit rise of more than 100 percent.
The electronic industry has more firms seen posting profits, followed by biotechnology and textile makers.
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