BUSINESS Over 50% of listed firms expecting profits in H1

BUSINESS

Over 50% of listed firms expecting profits in H1

China Daily

13:03, May 31, 2021

An investor checks stock prices at a brokerage in Shenyang, capital of Liaoning province. (Photo: China Daily)

More than 50 percent of listed companies on Chinese markets expect to turn a profit for the first half of this year, the Shanghai Securities News reported on Monday.

Of the 464 listed companies announcing their half-year performance reports by May 30, 266 report their net profits attributable to their parent companies increase from same period of last year, accounting for 57.33 percent.

Impacted by the COVID-19 pandemic in 2020, many companies with a large improvement in their performance have seen their losses become gains.

The chemical industry is undoubtedly one of the more prosperous industries with many companies releasing optimistic forecasts, including DFD (Do-Fluoride Chemicals Co), Jiangsu Huifeng Agrochemical Co, Gpro Titanium Industry Co and Xinjiang Zhongtai Chemical Co.

Moreover, affected by the surging demand for new energy vehicles, the upstream and downstream sectors of the automotive industrial chain have shown strong growth momentum, said the Shanghai Securities News.

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