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2011 Annual Performance Analysis For Shenzhen Stock Exchange Multi-layer Capital Market Listed Companies

Date 27/04/2012

Up to April, 26, 2012, 1428 companies listed on Shenzhen Stock Exchange, just except one company had made the disclosure on 2011 annual repot or related data, 483 main board-listed companies, 653 SME-listed companies and 292 ChiNext listed companies out of these companies.

2011 Overall Performance Information

In 2011, even facing the complicated macro-economical situation, the companies listed on Shenzhen Stock Exchange still kept the growth momentum, with the increase of 17.99 percent in the operating income compared with last year, 15.79 percent, 22.83 percent and 26.27 percent respectively for the main board, the SME board and ChiNext board. The net profit rose 6.91 percent year-on-year, 5 percent, 8.89 percent and 12.83 percent respectively for the main board, the SME board and the ChiNext board. 83.33 percent of all companies got the rise in the operating income, with 63.24 percent of the companies increasing the net profit.

2011 Multi-layer Capital Market Development Features

The performance of listed companies on different market remained the step growth. And the main board blue chip companies got the concentrated rise on the performance. Meanwhile, the industry distribution for SME competitive companies was getting more widespread. The ChiNext listed companies had the strong profitability. More companies were able to pay the dividend and averagely increase the cash dividend. On the market, there were more assets restructuring and the effect of the restructuring gradually showed up.

Main Issues to Be Focused on

In 2011, with the stimulate effect of the loose fiscal policy fading, China economy faced a few new challenges such as rising goods price, uncertainty and slowdown in the global economy, and such things were reflected in the performance of the listed companies. The annual report data also showed some issues which needs much attention. The first one is that the growth in the overall performance was slowing, especially in partial industries. The second is that the cost continued to rise; the operating activities cash flow of the listed companies kept the decline trend.