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A record high number of Chinese listed firms made losses in 2018

A record high number of Chinese listed companies made losses in 2018 and the situation didn't improve much in the first quarter, as economic slowdown bites.  Notably, the number of companies which attribute the losses to good-will write-offs also hit a record high last year.

According to data from the Wind Information based on earnings, 452 listed companies made losses in 2018, the highest number on record, nearly twice the number of 227 companies in 2017.

Total losses made by these companies surged to 387.5 billion yuan, up 322 per cent from 120 billion yuan in . . .

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