Traditional sector companies benefit from reform drive

Benefiting from the country's ongoing supply-side reform, Chinese listed companies from traditional sectors are showing increased prosperity as they report positive fiscal results for 2017.

According to Shanghai-based financial information service provider Wind Info, more than half of the 3,467 companies listed on China's A-share market had provided their preliminary results as of Sunday. Of these, about 70 percent have announced good news - reporting profit increases or turnarounds. Companies from traditional industries - coal, steel, cement, chemical and papermaking - are seeing the most rapid increases.

A total of 20 public coal companies have announced their estimated performance for 2017 and 19 of them have reported positive results.