Over 70% of 1,004 Companies Listed on China A-Share Market Post Gains in Net Profit in H1 2017

Published: Aug 21, 2017 10:43
A total of 1,004 companies listed on China A-share market released their semiannual report as of August 20 and over 70% of them posted gains in net profit in H1 2017.

SHANGHAI, Aug. 21 (SMM) - A total of 1,004 companies listed on China A-share market released their semiannual report as of August 20 and over 70% of them posted gains in net profit in H1 2017.

Zijin Mining Net Profit Jumps in First Half of 2017

Total net profit of these companies was 297.131 billion yuan, up 21.2% year-on-year. 740 of them realized gains in profit.

Zinc Surpasses Aluminum to be Best Performer among LME Base Metals in 2017

Coal, steel, nonferrous metals, chemical and engineering machinery industries report most noticeable gains. 

The article is edited by SMM and is provided for information purpose only. SMM assumes no liability and does not warrant the accuracy, reliability or completeness of information contained or quoted in the article, either express or implied. SMM further disclaims any liability for losses in connection with the information contained or quoted in the article.

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn. 

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
Delivery Dynamics Provided Support, but Pressure Emerged as the Import Window Became Visible; Shanghai Spot Copper Remained at a Premium Under Pressure [SMM Shanghai Spot Copper]
18 mins ago
Delivery Dynamics Provided Support, but Pressure Emerged as the Import Window Became Visible; Shanghai Spot Copper Remained at a Premium Under Pressure [SMM Shanghai Spot Copper]
Read More
Delivery Dynamics Provided Support, but Pressure Emerged as the Import Window Became Visible; Shanghai Spot Copper Remained at a Premium Under Pressure [SMM Shanghai Spot Copper]
Delivery Dynamics Provided Support, but Pressure Emerged as the Import Window Became Visible; Shanghai Spot Copper Remained at a Premium Under Pressure [SMM Shanghai Spot Copper]
[SMM Shanghai Spot Copper] Looking ahead to next week, next Monday will be the last trading day of the SHFE copper 2603 contract. According to the SMM #1 copper cathode price assessment methodology, SMM always quotes against the front-month contract. The contango price spread between futures contracts narrowed slightly, and suppliers’ willingness to ship to delivery warehouses weakened somewhat, marginally loosening support for spot premiums. Meanwhile, import losses have narrowed substantially, and there are signs that the import window is about to open. If the window opens, it will bring in cargo from outside China, increasing pressure on spot supply in China and creating potential downward pressure on premiums. On the demand side, downstream enterprises maintained just-in-time procurement, providing some support for prices, but intraday, some downstream enterprises were seen to have limited acceptance of spot cargo with high premiums, with procurement turning more cautious. On the supply side, domestic copper and previously price-locked imported cargo continued to arrive, while social inventory remained high. As SMM always quotes against the front-month contract, the shift in the price spread between futures contracts is expected to result in high premiums against the front-month contract, though this is expected to be corrected on the second trading day. Overall, under the dominance of delivery logic, Shanghai spot copper premiums are expected to remain at elevated levels next Monday.
18 mins ago
Traders and downstream restocking were significantly less active than yesterday, and spot premiums remained unchanged [SMM South China Spot Copper]
26 mins ago
Traders and downstream restocking were significantly less active than yesterday, and spot premiums remained unchanged [SMM South China Spot Copper]
Read More
Traders and downstream restocking were significantly less active than yesterday, and spot premiums remained unchanged [SMM South China Spot Copper]
Traders and downstream restocking were significantly less active than yesterday, and spot premiums remained unchanged [SMM South China Spot Copper]
26 mins ago
Demand Slowed at Week's End, Spot Premiums Held Steady [SMM North China Spot Copper]
34 mins ago
Demand Slowed at Week's End, Spot Premiums Held Steady [SMM North China Spot Copper]
Read More
Demand Slowed at Week's End, Spot Premiums Held Steady [SMM North China Spot Copper]
Demand Slowed at Week's End, Spot Premiums Held Steady [SMM North China Spot Copper]
Spot #1 copper cathode in North China was quoted at parity to a premium of 80 yuan/mt against the front-month contract today, with the average premium unchanged from the previous trading day at 40 yuan/mt, and the average transaction price down 155 yuan/mt from the previous trading day to 100,470 yuan/mt.
34 mins ago
Over 70% of 1,004 Companies Listed on China A-Share Market Post Gains in Net Profit in H1 2017 - Shanghai Metals Market (SMM)