Free Trial

Q3 Profits of China’s A-share Companies up 18% y/y: Daily

CHINA PRESS

China's 4,066 public companies reported CNY CNY1.27 trillion in combined profits from Q3 as of Nov. 1, up 18% y/y, and confirming the recovering macro indicators reported by the government, the Economic Information Daily reported on Monday citing data from Wind. Revenues from Q3 gained 6.9% from CNY13.47 trillion, according to the Daily. Around 37.6% of the companies reported a decline in net profits. Upstream businesses, including the resource sector, led the rebound from losses in the previous quarter, while airports and transportation also improved as the pandemic effects waned, according to the data.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.