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11 of 14 Chinese OTC listed companies report positive growth in net profit in 2018

February 13, 2019


Abstract : As of Tuesday, a total of 14 enterprises, which had listed for trading on the China’s New Third Board or the Over-The-Counter (OTC) stock market, had released their financial reports for the whole year of 2018.

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BEIJING, Feb. 13 (Xinhua)-- As of Tuesday, a total of 14 enterprises, which have been listed for trading on the China’s New Third Board or the Over-The-Counter (OTC) stock market, had released their financial reports for the whole year of 2018, with 11 companies reported growths of more than 20 percent in their net profits in 2018.

Among the 14 companies, four listed companies witnessed more than 100 percent increase in their net profits, and three saw their net profits decrease on year, according to the statistics disclosed by National Equities Exchange and Quotations.

In terms of industries, enterprises in traditional industries saw the fastest growth in their net profits, and companies in chemical materials, chemical products manufacturing, agriculture, food manufacturing are among the top with biggest increase in net profits.  

Meanwhile, a total of 62 companies listed on the China’s OTC stock market had released the guidance of their financial reports for 2018, and 47 companies forecast increases in net profits with 19 companies expecting their net profits to hike more than 100 percent on year. (Edited by Ma Xin, maxin11@xinhua.org)

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Keyword: financial reports

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