An empty shopping and residential district of Beijing. Even if earnings growth bounces back in the second quarter, rising asset impairment linked with Covid-19 will reflect in companies’ annual results, according to Sinolink Securities. Photo: EPA-EFEAn empty shopping and residential district of Beijing. Even if earnings growth bounces back in the second quarter, rising asset impairment linked with Covid-19 will reflect in companies’ annual results, according to Sinolink Securities. Photo: EPA-EFE
An empty shopping and residential district of Beijing. Even if earnings growth bounces back in the second quarter, rising asset impairment linked with Covid-19 will reflect in companies’ annual results, according to Sinolink Securities. Photo: EPA-EFE

Markets brace for first-quarter earnings declines, as China’s biggest companies prepare to reveal full impact of coronavirus outbreak

  • Air-conditioner maker Gree expects to report its biggest quarterly earnings decline in at least a decade; Wanda Film is expecting its first quarterly loss since listing
  • First-quarter profits at companies on CSI 300 Index of big caps might decline 18 per cent from a year earlier: Bloomberg
Topic |   Coronavirus pandemic
An empty shopping and residential district of Beijing. Even if earnings growth bounces back in the second quarter, rising asset impairment linked with Covid-19 will reflect in companies’ annual results, according to Sinolink Securities. Photo: EPA-EFEAn empty shopping and residential district of Beijing. Even if earnings growth bounces back in the second quarter, rising asset impairment linked with Covid-19 will reflect in companies’ annual results, according to Sinolink Securities. Photo: EPA-EFE
An empty shopping and residential district of Beijing. Even if earnings growth bounces back in the second quarter, rising asset impairment linked with Covid-19 will reflect in companies’ annual results, according to Sinolink Securities. Photo: EPA-EFE
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