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Main profit indicators drop off in first half

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Asia's financial crisis, poor management and slower domestic growth have taken their toll on the mainland's listed companies.

The results of 810 of 820 companies listed on the Shanghai and Shenzhen stock exchanges in the first half of this year showed a drop in main indicators of profitability.

The average fully diluted earnings per share, for example, was 10.5 fen (about 9.8 HK cents), down from 13 fen a year earlier.

And the average return on net assets was 4.237 per cent, down from 5.229, while the net asset value per share was 2.478 yuan, nearly unchanged from 2.485 yuan.

Moreover, of the 784 companies with comparable results, 361 reported a rise in net profit, while 423 had a decline.

In the period, Zhuhai Gree Electrical Appliances and Jiangsu Chunlun Refrigerator retained their first and second positions in terms of earning per share.

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