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Chinese companies slash earnings, many blame goodwill write-offs

Chinese A-share listed companies are reporting huge losses and slashing earnings for 2018, from decent profits to deep losses in some cases, and a big chunk of the losses were caused by write-offs of assets, in particular the goodwill amassed during the merger wave in the past few years.

As of January 29th, a total of 90 A-share listed companies had announced unaudited net losses for 2018, in which, 68 companies made losses of more than 100 million yuan, 24 companies lost more than 1 billion yuan and 9 companies lost more than 2 billion yuan.

China . . .

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