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24% of Non-financial A-shrs Report Losses in 1-3Q, Highest Proportion in 2+ Decades: Wire
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About 24% of these companies reported losses in 1-3Q25, affected by overcapacity and weak local demand, up 1 ppt YoY, the highest since 2002, according to data compiled by Nikkei Asia on approx. 5,300 non-financial companies listed on the A-share market. China's real estate sector has remained under pressure since the government imposed lending restrictions in 2020. Among 100 companies, 48 reported losses in 1-3Q25, with the entire Chinese property industry recording a net loss of RMB64.7 billion (approx. US$9.14 billion) during 1-3Q25. New residential sales fell by 6% YoY based on floor area. CHINA VANKE (02202.HK) recorded a loss of RMB28 billion, the highest among listed companies, according to official data. Other industries also faced oversupply, leading to price wars that erode profitability. The photovoltaic industry is a typical example, with leading companies like JINKO SOLAR (688223.SH) also losing money. In the auto industry, 6 out of 21 passenger and commercial vehicle manufacturers reported losses in 1-3Q25, with overall profits declining by about 10% YoY. SOE GAC GROUP (02238.HK) recorded a loss of RMB4.3 billion during the period, while BYD COMPANY (01211.HK)'s net profit also slipped 8%. AASTOCKS Financial News Website: www.aastocks.com |
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