Ningbo's 38 A-share listed companies disclose annual report

Details

Category: Ningbo Business

Published: Wednesday, 02 May 2012 09:24

According to Ningbo office of China Securities Regulatory Commision(CSRC), the 38 A-share listed companies have disclosed their 2011 annual reports before April 26 (no report from Ningbo Cixing Co., Ltd., a new listing this year). The annual reports show 15 companies have shrinking net profit due to various reasons. The rest 23 companies are maintaining considerable growing profits. More than 70 percent of the companies will have dividends.

Among the 39 companies, 38 are profitable except Ningbo Fubang Holdings Limited. The top three most profitable companies are Bank of Ningbo, Ningbo Port and Younger Group, whose total net profit adds up to 7.484 billion yuan, accounting for 56.64 percent of all A-share listed companies in Ningbo.

Statistics from Ningbo office of CSRC show that the listed companies in Ningbo maintained a steady growth in 2011. By the end of 2011, the total asset of Ningbo listed companies had hit 486.097 billion yuan, an increase of 4.85 percent year-on-year. The net assets reached 105.669 billion yuan, a rise of 12.82 percent year-on-year. The total revenue toped 125.25 billion yuan, an increase of 16.87 percent year-on-year, accounting for 20.84 percent of Ningbo's GDP in 2011. The companies earned a net profit of 13.214 billion yuan, a rise of 4.47 percent year-on-year. The basic earnings per share(basic EPS) and return on net assets(RONA) were 0.41 yuan and 12.51 percent respectively.