MARKETS_ Corporate China Faces Wave of Losses

THE WALL STREET JOURNAL

MARKETS




Corporate China Faces Wave of Losses

Companies are suffering from declining revenues, higher costs and a surge in write-downs on assets


By Shen Hong
Feb. 1, 2019 6:51 a.m. ET


SHANGHAI—The largest number of Chinese public companies in a decade expect to incur annual losses after a weak economy hit businesses and eroded asset values.

A total of 395 companies listed in Shanghai and Shenzhen said they expect to record a net loss for 2018, according to Wind data—the biggest annual tally since at least 2009. The combined losses could total between 289 billion yuan ($43.1 billion) and 335 billion yuan. A year earlier, 224 companies recorded total losses of 125 billion yuan.

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READ MORE: https://www.wsj.com/articles/corporate-china-braces-for-wave-of-losses-11549021914


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