A-share companies see overall flat-lining in profits
By Yu Ran in Shanghai | China Daily | Updated: 2013-05-03 07:34
The overall financial performances of companies listed on the A-share market reached the lowest level last year since 2008, as net profits flat-lined compared to 2011.
According to 2012 annual statistics on the A-share market produced by Wind Information Co Ltd, a leading financial information services provider, total revenue of the 2,469 listed companies in the market topped 24 trillion yuan ($3.9 trillion), a growth of 8 percent, while net profits were unchanged at 1.95 trillion yuan, the worst performance since 2008.
The statistics showed 2,172 listed enterprises increased profits in 2012, 46 fewer than the previous year, while the number of companies suffering losses increased from 147 in 2011 to 193 in 2012.
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