Strong financial results

Source: Xinhua | 2018-07-23

CHINESE listed companies are happy with their performance in the first half of the year, as the economy grew beyond expectations.

So far, 2,141 companies listed on the country’s two stock exchanges have released mid-year performance estimates, and 54 percent of them expect profit growth, according to Securities Times. Some 392 companies, or 18 total, expect net profits to double, while another 114 loss-making firms forecast turnarounds. China’s economic restructuring provided resilience and impetus. GDP expanded 6.8 percent year on year in the first half, surpassing the target of 6.5 percent.