Most Chinese listed firms see improving performance in 2019

BEIJING -- A majority of the listed companies in China that have released performance forecasts for 2019 saw better outcomes.

As of Feb 2, 2,185 listed companies on the A-share market, nearly 60 percent of the total, had released their 2019 performance estimates, and 60 percent of them expected profit improvements, according to the Securities Daily.

Some 854 companies reported narrowing profits or losses, while 28 firms predicted uncertainties.

Around 608 companies expected profits to double and 24 saw their profits jump more than tenfold.

Meanwhile, 618 listed firms saw a net profit drop of more than 50 percent last year, according to the report.

China's economy expanded 6.1 percent year on year in 2019, within the government's annual target of 6 to 6.5 percent.