China-listed companies show better 2001 H1 results; H2 prospects weak

Mainland-listed companies showed improved results for the first half of this year, but prospects for the H2 will suffer.
 

China-listed companies show better 2001 H1 results H2 prospects weak

 

For the first half of this year, the earnings per share for domestically listed Chinese companies averaged Rmb 0.1025, up 3.2% on-year, while average return on equity was 4.1% compared to 5.0% a year ago, according to research from investment bank CLSA. 

ôThe improved quality of companiesÆ earnings is likely to be overshadowed in the second half by losses on listed companies' stock market investments,ö commented Erwin Sanft, CLSAÆs head of China research.

101 companies out of a total of 1,151 domestically listed company, 8.8% of the total, reported a loss in the first half of this year. 

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