China companies

Filings show 45% of China companies see slowdown

By Chris Oliver | MarketWatch 5/15/2012

HONG KONG (MarketWatch) - Nearly half of China's listed companies that have so far issued forecasts for the first half expect weaker earnings or losses for the period, according to a Tuesday report in China Daily, which cited financial data provider Wind Information Co. About 45% of reporting companies listed on the Shanghai and Shenzhen stock exchanges expect weaker results, according to the report. The findings track 845 companies that have issued first-half outlooks as of Sunday, according to Shanghai-based Wind Information. The report said manufacturing companies along with property developers made up the majority of companies that were expecting a weaker showing for the January to June period.