Profits for Chinese firms fall in second quarter; trend seen reversing in fourth

Quick Summary:

Mainland-listed companies reported a collective decline in profit for the second quarter, due in part to a weak domestic economy.

While food and drink companies and appliance makers recorded greater profits, their growth moderated, reflecting weak consumer demand that could linger into the third quarter, the brokerage said.

Those sectors whose fundamentals will improve going forward will draw the attention from investors.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Zhang Shidong

Category: Business

Markets: Hong KongChina

Topics: Second Profits Companies Cent China’s Growth Decline Weak Quarter Year Profit

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-12 @ 14:05:31 (3 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 284 words

Reading Time: 2 minutes read

Sentences: 9 lines

Sentence Length: 32 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 22466464

View Article Analysis

About SCMP

Main Topics: Business

Official Website: scmp.com

Update Frequency: 19 posts per day

Year Established: 1903

Headquarters: Hong Kong

News Last Updated: 5 hours ago

Coverage Areas: Hong Kong

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #42

Publisher Details

Frequently Asked Questions