Third-quarter reports released by companies listed at Main Board of the Shenzhen Stock Exchange (SZSE) showed steady growth of the overall performance and main business income of those companies. However, those companies’ performance has a slowed growth rate for this period.
By 31 October 2008, 487 companies listed at the Main Board of the SZSE have disclosed third-quarter reports except S*ST Sunfield. Statistics showed that the total business income for those companies is 1412.73 billion yuan, up 19.87 percent year on year while net profit 80.20 billion yuan, rose 3.38 percent.
21 out of those companies doubled business income while 64 companies have over 50 percent of income growth. 257 companies have net profit increase while 230 others suffered from profit decrease.
The average total asset for those companies is 5.64 billion yuan, rocketed 22.93 percent from that of last year, while the average net asset is 1.79 billion, up 27.17 percent.
The aggregate business income for the third quarter is 467.59 billion yuan, an increment of 13.87 percent, but decreased 7.63 percent when compared to that of the second quarter. The reports also indicate a clear difference among different industries, of which mining and retailing and wholesaling industries top the list in terms of best performance while electrical power showed slashed net profit.
Mining companies accomplished business income of 33.11 billion yuan for the first three quarters, up 67 percent year on year while net profit 6.91 billion yuan. Companies engaging in retailing and wholesaling achieved business income of 55.26 billion yuan, soared 15.59 percent while net profit reached1.35 billion yuan, and advancement of 25.47 percent. Companies specializing in electrical power, gas, building, transportation and storing also suffered from profit decrease due to soaring prices of energy and raw materials.
