Chinese listed companies posted worst earnings in a decade in Q1 amid coronavirus

>>REAL-TIME UPDATES IN THE WIRE. CLICK HERE<<<

Chinese listed companies posted their worst earnings in a decade in the first quarter after factories shuttered and consumer spending tumbled amid the lockdown measures imposed to contain the coronavirus outbreak.

The more than 3,000 companies listed on the Shanghai and Shenzhen exchanges, excluding those in the banking and petroleum sectors, posted a 42 per cent drop in profits on average from a year earlier, according to data compiled by Soochow Securities. Apparel manufacturers and transport-related companies suffered the most during the epidemic, it said.

The decline in earnings was only 24 per . . .

Sign In or Subscribe To Get Full Access.

Everything you need about China markets is on THE WIRE - one timeline with up-to-the-minute updates throughout every trading day.

Follow China Market In The Most Efficient Way!

TRY US FOR FREE

We offer limited-time welcome discount to let more people experience the value of our exceptional services. Don't Miss Out - Grab it!