Third quarterly Shanghai and Shenzhen stock markets report to be disclosed

12:52, October 13, 2009      

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Shenzhen Properties and Resources Development (Group) Ltd released its third quarterly report on October 12, marking the start of the third quarterly report disclosure work on the Shanghai and Shenzhen stock markets. The report showed that in the third quarter, the performance of Shenzhen Properties and Resources Development (Group) Ltd improved significantly, with net profits totaling about 53.98 million yuan, an increase of 658.03 percent year-on-year. The company recorded total net profits of 160 million yuan in the first three quarters of this year, an increase of 1352.69 percent year-on-year, and earnings per share stood at about 0.3 yuan.

According to Shanghai and Shenzhen Stock Exchange requirements, listed companies must complete third quarterly report disclosure work before October 31. If they miss this deadline, trading of their stocks and derived products on the Shanghai and Shenzhen Stock Exchanges will be suspended, and the company and related personnel will be publicly denounced.

At present, a number of companies have already released a third quarterly advance report. According to statistics, as of October 11, 651 listed companies had released their third quarterly advance report. About 47 percent of listed companies have announced positive performance statistics for the first three quarters of this year.

By People's Daily Online
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