Mar. 2, 2012 (China Knowledge) - ChiNext board, China's new growth enterprise board launched on the Shenzhen Stock Exchange
, saw a combined profits of 291 listed companies reach RMB 21.55 billion last year, reflecting a year-on-year increase of 13.88%.
In 2011, the 291 firms' operating revenue from core businesses totaled RMB 141.94 billion, 26.62% more than that of 2010. Diluted earnings per share of these companies were RMB 0.53 on average.
Around 90% of the 291 firms had revenue growth last year. About 43% or 125 of the 291 firms had revenue increases of more than 30%, 58 firms had revenue growth exceeding 50% and six firms' revenue over doubled.
In terms of profits, 93 of the 291 firms had profit growth of more than 30%, 41 firms had profit increases exceeding 50% and six firms' profit over doubled. None of the 291 firms suffered loss last year.
The average revenue growth of the 291 firms was 26.62% in 2011, while profits increase was 13.88% on average, both lower than 38.02% and 31.2% these companies realized in 2010.