Third of listed centrally owned SOEs predict losses in 2015

A third of China's 173 listed State-owned enterprises are expecting to have made a loss last year, with coal, iron and steel companies the hardest hit.

Fifty-eight of the companies - which are all directly controlled by the State-owned Assets Supervision and Administration Commission - are predicting slipping into the red in their earnings pre-announcements for 2015.

The three worst affected are Wuhan Iron and Steel Co Ltd, Maanshan Iron and Steel Co Ltd, and Angang Steel Co Ltd, with projected losses of 6.8 billion yuan ($1.03 billion), 4.8 billion yuan and 4.37 billion yuan, respectively.