|
BIZCHINA> Center
![]() |
|
Related
Listed companies' reports show big gains
By Zhao Tingting (chinadaily.com.cn)
Updated: 2008-10-27 15:59 Chinese listed companies which have so far completed their periodic reports have shown a rising trend in the first three quarters of this year, with a growth rate of 30 percent, the Shanghai Securities News reported on Monday. As of October 26, 645 listed companies published their third quarter financial reports, about 40 percent of all companies. They collected operating revenues and net profits of 1.9 trillion yuan ($277 billion) and 282.39 billion yuan, up 25.87 percent and 30.01 percent year-on-year respectively. However, the remaining 60 percent of companies have yet to complete their financial reports. Among companies that have reported, 557 gained and 375 performed better than the previous year, accounting for 86.36 percent and 58.14 percent respectively of the total. Though maintaining a year-on-year growth trend, these companies' quarter-on-quarter growth rates declined in the third quarter. The above mentioned 645 companies' quarterly net profits amounted to 96.77 billion yuan, 101.26 billion yuan and 84.35 billion yuan respectively in the first three quarters this year. Their third quarter net profits declined 16.7 percent from the previous quarter as a result of jumping raw material prices and falling operational revenues. Banks realized rapid growth in the first three quarters profiting from interests, procedure fees and commissions. Industrial and Commercial Bank of China Ltd (ICBC), contributed 92.73 billion yuan net profits to its parent company in the first three quarters, up 46.48 percent year on year. China Construction Bank (CCB) gained net profits of 84.27 billion yuan in the first three quarters, up 47.58 percent year-on-year and contributed 84.23 billion yuan net profits to its parent company, up 47.71 percent year on year. Affected by rising product prices, adjusted product structures and powerful cost control manners, Angang Steel Co's net profits totaled 8.25 billion yuan in the first three quarters, up 25.67 percent year on year. China Coal Energy Co Ltd, a leading company in the coal industry, claimed net profits of 5.74 billion yuan in the January-September period. (For more biz stories, please visit Industries)
|
涪陵区| 交口县| 盖州市| 通榆县| 启东市| 石景山区| 曲阳县| 镇原县| 开江县| 宜阳县| 平顺县| 江津市| 古田县| 搜索| 枣阳市| 额济纳旗| 昆明市| 绥芬河市| 墨脱县| 芦溪县| 萨嘎县| 龙岩市| 西宁市| 方正县| 云南省| 云和县| 江达县| 辽中县| 平顶山市| 石柱| 彭泽县| 涪陵区| 喀什市| 浮梁县| 广宁县| 昌吉市| 灌云县| 宜州市| 林周县| 乌什县| 兰坪|