China's listed firms forecast rosy H1 performance

BEIJING -- China's listed companies expect growth in the first half of the year as they have released their performance forecasts, the China Securities Journal reported on Monday.

As of Sunday night, a total of 1,694 firms listed on the country's A-share market had unveiled their first-half forecasts, with 1,183 companies or nearly 70 percent of the total predicting improved performance, said the report.

In the first half of 2021, seven listed companies are expected to achieve net profits attributable to shareholders of more than 10 billion yuan (about $1.55 billion), while more than 600 firms are estimated to see net profits top 100 million yuan.

Many of the firms in sectors including food and beverage, pharmaceuticals and healthcare and telecommunications have beat market expectations and achieved notable growth in 2021 through product innovation and increased efficiency.