Latest News:  
Beijing   Cloudy/Overcast    27 / 22 ℃  City Forecast

Home>>China Business

Losses for listed firms, property sector

By Chen Jia  (Chinadaily.com.cn)

14:22, June 27, 2012

Nearly half of China's listed companies may have suffered losses or profit decreases in the first six months of this year. The property sector is likely to see the most serious deterioration amid weaker economic growth, data showed.

According to statistics from Securities Times, a Chinese newspaper focusing on the capital market, 122 public companies are expected to see losses while 225 may have experienced slower profit growth from January to June.

Those 347 companies account for 41 percent of the total listed businesses on the Shanghai and Shenzhen stock exchanges.

The companies with weakened growth expectations are mainly from the sectors of mechanical equipment, electric power, metals and property, according to the data.

Analysts said it is unsurprising that net profit dropped fast in the first half because of the fast shrinking fixed-asset investment under tight real estate policies and weakening global market demand.

Among the 347 companies, 189 -- 54 percent -- of them saw their share prices decline in the first half. Six companies suffered drops of more than 30 percent, the Securities Times statistics showed.

Email|Print|Comments(Editor:厉振羽、张洪宇)

Related Reading

Leave your comment0 comments

  1. Name

  

Selections for you


  1. Chinese 3rd generation fighter: J-10 jet fighter

  2. Chinese Jade--Timeless Beauty

  3. Famous dancer performs Dream of the Red Chamber

  4. Int'l Day against Drug Abuse marked in Jakarta, Indonesia

Most Popular

Opinions

  1. Leftover men to be a big problem
  2. A symbol of affluence or a trap of luxury?
  3. Premier's visit sign of close ties with region
  4. Property necessary pill for economy
  5. Chinese banks must go global
  6. Putin's visit to Israel more symbolic than strategic
  7. Syria's new government faces escalation of tension
  8. Trade is tool to fix global economy
  9. Skyscraper frenzy brings loan risks to new heights
  10. China to 'maintain 8% growth for over 20 years'

What's happening in China

Bullet train linking Xi'an, Yan'an to start operation

  1. County's two-child trial proves successful
  2. Top brands fail tests for quality, city finds
  3. A brief guide to manly work and equality
  4. King's hill mausoleum points to lavish dreams
  5. Driven to distraction on wheels

China Features

  1. US-Japan-ROK drills aim to fix alliance weakness
  2. Why Chinese listed companies withdraw from US?
  3. Dreams can challenge any depth, height
  4. How can traditional Chinese medicine earn trust?
  5. Eurozone should move forward or it will fall over

PD Online Data

  1. Spring Festival
  2. Chinese ethnic odyssey
  3. Yangge in Shaanxi
  4. Gaoqiao in Northern China
  5. The drum dance in Ansai