Listed firms may see improved profitability
A majority of the firms listed in China are anticipating better profitability this year on the back of the country’s stable economic development. Of the 1,218 listed companies that have released their advance 2018 financial reports, 781 are expecting higher net profits or the turning of losses into gains, the Shanghai Securities News said. Profit growth of 344 companies is expected to exceed 50 percent, while 170 companies predicted their 2018 net profits will be more than double that of 2017. The newspaper said improvements were caused by factors like strong performance of primary businesses, restructuring and extraordinary items.