Earnings Growth at China-Listed Companies Slows Sharply

Earnings at companies listed on the Chinese mainland’s stock exchanges contracted sharply in the third quarter, with combined net profit falling about 13% year-on-year after rising roughly 25% in the previous quarter.

Of the 5,577 listed A-share companies, 5,572 had reported third-quarter results. For the first nine months, combined net profit rose about 8%, down from 19% in the first half. Excluding chipmaking giant CXMT Corp., which listed in July, the cumulative growth rate was roughly 5%.