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 . . .
To continue reading, please subscribe.
We highly value independence. Yuan Talks is solely funded by subscriptions from readers like you.
What you'll get:
- High-quality & in-depth reporting on the most important topics about China's economy and financial markets
- Daily Brief newsletter to give you a full picture of what's happening in China every weekday
- Interviews with China experts
- Conference calls and events
We are not content with general information that you can get everywhere. We go deeper to get details, data and perspectives you won't read elsewhere!
Already have an account? Sign In