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Profits of listed firms up 37% in 2010

(Xinhua)
Updated: 2011-05-02 10:44
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BEIJING - Net profits of Chinese companies listed both in Shanghai and Shenzhen climbed more than 30 percent in 2010 from a year earlier, as all companies have released their annual reports till April 30.

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Data from the Shanghai Stock Exchange shows that the profits of companies listed in Shanghai climbed 37.25 percent from 2009 to 1,416.8 billion yuan ($218 billion).

Only 55 companies, or 6.07 percent of all companies listed in Shanghai reported losses in 2010, down 6.83 percentage points from 2009.

Companies listed in Shenzhen registered a total profits of 248.63 billion yuan last year, up 38.08 percent from 2009.