Briefly

New Third Board firms unveil 2021 estimates

More than 30 companies listed on China's "New Third Board", or the National Equities Exchange and Quotations－NEEQ－released their annual performance estimates for 2021, local media reports said. Among them, 18 enterprises expect growth in net profits attributable to shareholders, and 10 firms may witness a decline in profits. China launched the board in 2013 to facilitate financing for China's unlisted firms, allowing them to exchange equity and raise funds on the platform. To improve the standard level of finance and corporate governance of listed companies, the NEEQ rolled out specific requirements on compiling and releasing annual financial results late last month.

Warehouse storage expansion continues

China's warehouse storage sector reported expansion for the fifth consecutive month in December, industry data showed. The index tracking the sector's development stood at 51.6 percent last month, down 2.5 percentage points from November, according to a survey jointly released by the China Federation of Logistics and Purchasing and CMST Development Co Ltd. A reading above 50 percent indicates expansion, while one below 50 percent reflects contraction. Sales of consumer goods rose on holiday sentiment and e-commerce promotions, while storage for commodities is also sought after during the winter.

Xinhua