Higher goodwill charges dent earnings prospects of A-share firms in 2018
By Zhou Lanxu | China Daily | Updated: 2019-02-01 07:26
The risks behind an earlier wave of acquisitions among mainland-listed companies manifested itself this week, leading to earnings losses that rattled investors but pave the way for a bullish A-share market, analysts said.
On Wednesday, 197 mainland-listed companies posted interim annual losses, following the 123 firms that did so from Sunday to Tuesday, according to data compiled by Shenzhen, Guangdong province-based financial media agency stcn.com.
A large proportion of the companies are listed on the ChiNext board, China's Nasdaq-style board of growth enterprises.
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