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May 08, 2007

Shanghai's Stock and Awe

The Shanghai Daily reports:

CHINESE mainland-listed companies charted a hefty 46.8 percent rise in 2006 net profit on the back of the nation's blistering economic growth, firms' annual financial reports show.

A total of 1,474 companies traded in Shanghai and Shenzhen posted a cumulative net income of 378.12 billion yuan (US$51.2 billion) for last year. Earnings per share averaged 0.24 yuan in 2006, up 25.6 percent from a year before.

To read more:

http://www.shanghaidaily.com/sp/article/2007/200705/20070508/article_314991.htm

Posted at 10:07 AM |

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