Companies listed on the Shenzhen Stock Exchange demonstrated strong resilience and vitality in 2021, according to their performance estimates.
The China Securities Journal reported on Thursday that as at Wednesday, 1,772 firms, or roughly 68 per cent of the total listed on the Shenzhen bourse had released their financial performance forecast for 2021.
The report noted that more than 70 per cent of them expected to see profits, while more than 60 per cent predicted profit improvements.
The average net profit of these firms was estimated to range between 245 million Yuan (about 38.82
million U.S. dollars) and 315 million Yuan, according to the report.
According to the report, some 293 companies are likely to see their 2021 net profit exceed 500 million yuan, of which 24 are estimated to have a net profit of more than five billion Yuan.