Net profits of China listed firms top 1t yuan in 2009

Updated: 2010-04-30 13:12
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BEIJING - The net profits of China's 1,837 companies listed on the Shanghai and Shenzhen bourses topped one trillion yuan in 2009, the first time to exceed such amount.

They earned 1.084 trillion yuan in total, up 25.23 percent on year. The weighted average EPS (earnings per share) come to 0.41 yuan, an increase of 0.07 yuan.

Of them, 1,262 listed companies posted year-on-year increase in net profits. Companies listed on the ChiNext, the Nasdaq-style board for growth enterprises, soared greatly. The 78 ChiNext-listed firms realized net profits of 4.52 billion yuan, up 47.29 percent on year. The weighted average EPS was 0.71 yuan.

The 1,837 firms, meanwhile, posted 345.047 billion yuan of net profits for Q1, 2010. After adjusting non-comparable factors, 1,759 firms netted 339.922 billion yuan profits, up 63.53 percent on year and 23.46 percent on quarter. Of them, 56 ChiNext-listed firms earned 687 million yuan of net profits, up 31.9 percent on year but down 28.16 percent on quarter.