As of Sept 27, 746 companies listed on the Shanghai Stock Exchange and Shenzhen Stock Exchange have released their performance predictions for the third quarter, and 565 reported positive predictions, accounting for 76 percent, China Securities Journal reported Tuesday.
According to statistics provided by Wind Info, among the 746 companies, 405 enterprises predicted a growth in net profits, 110 forecast losses, 72 predicted that they would turn losses into gains, 88 said they would continue to generate profits and eight were uncertain.
Of the 405 companies which see a growth in net incomes, 120 predicted that their Q3 profits will increase by more than 100 percent year-on-year, and among them, 11 companies expected an over tenfold increase in profits.
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