Positive outcomes expected for 937 publicly listed firms
Companies expect growth in revenue and profit and mainly come from the industries of steel, transportation, light manufacturing and non-ferrous metals
As of Sunday, 1,225 publicly listed firms have released their performance notices for the first three quarters, with 75% of them, some 937 companies, reporting positive outcomes, according to Wind Terminal and reported by China Securities Journal.
The 937 companies expect growth in revenue and profit and mainly come from the industries of steel, transportation, light manufacturing and non-ferrous metals.
In the food and beverage, real estate and financial industry, only 60% of the companies are seeing positive performances.
The public utilities and leisure services sectors, meanwhile, are reportedly a bit sluggish, with less than half of the firms expecting positive performances.
As for small and medium companies, as well as start-ups who have released their Q3 performance reports, mergers and acquisitions continue to be the main driver of their growth.