According to a performance forecast released by A-share listed companies in China, nearly half of them are reporting losses. These loss-making companies are spread across the 31 provinces and cities in China, with real estate enterprises dominating the top five loss-making companies, and Vanke becoming the “loss-making king” of A-shares.
As reported by “First Financial” on February 4, as of now, 2957 A-share listed companies have announced their 2025 performance forecasts, of which 1442 companies expect to incur losses, accounting for 49% of the total number of companies disclosing performance forecasts. If we include companies with anticipated performance declines, the total number of listed companies with performance forecasts of decrease or loss amounts to 1863, accounting for 63%.
In terms of industries, real estate companies occupy the top five spots in terms of losses, with China Vanke Co., Ltd. (Vanke) expecting a net profit loss of around 82 billion yuan attributable to shareholders of the listed company, making it the “loss-making king” of A-shares.
Additionally, the IT services, semiconductor, and chemical pharmaceutical industries also have a considerable number of listed companies forecasting losses. According to data from Wind, the IT services and software development industries have the highest number of listed companies forecasting losses, each with 60 companies; followed by 54 companies in the real estate development industry; and 50 companies in the semiconductor industry. Industries such as chemical pharmaceuticals, general equipment, special equipment, and chemical products have between 40 to 50 listed companies forecasting losses.
Furthermore, Shenzhen Konka A expects a net profit loss of 12.581 to 15.573 billion yuan, becoming the “loss-making king” in the home appliance industry. Tongwei Co., Ltd. expects a net profit loss of 9 to 10 billion yuan, becoming the “loss-making king” in the photovoltaic industry.
In terms of regions, these loss-making listed companies are spread across the 31 provinces in China. Among them, Guangdong Province has the highest number of loss-making listed companies, reaching 257; followed by Beijing (172 companies); Jiangsu Province (160 companies), Zhejiang Province (133 companies), and Shanghai (119 companies).
Furthermore, in terms of the percentage of loss-making listed companies, among the 27 listed companies in Hainan Province, 12 companies are expected to incur losses, ranking first in the percentage; among the 48 listed companies in Jilin, 20 companies are forecasting losses, ranking second; and among the 10 listed companies in Qinghai, 4 companies are forecasting losses, with a percentage of 40%, ranking third.