As of Sept 27, 746 companies listed on the Shanghai Stock Exchange and Shenzhen Stock Exchange have released their performance predictions for the third quarter, and 565 reported positive predictions, accounting for 76 percent, China Securities Journal reported Tuesday.

According to statistics provided by Wind Info, among the 746 companies, 405 enterprises predicted a growth in net profits, 110 forecast losses, 72 predicted that they would turn losses into gains, 88 said they would continue to generate profits and eight were uncertain.

Of the 405 companies which see a growth in net incomes, 120 predicted that their Q3 profits will increase by more than 100 percent year-on-year, and among them, 11 companies expected an over tenfold increase in profits.

listed on the Small and Medium Enterprises Board predicted continuous growth in profits in the third quarter. As of Sept 27, 449 small and medium enterprises out of 480 listed on the Shenzhen Stock Exchange released performance predictions, with 316 companies forecasting positive performances.

But only 13 companies listed on China's NASDAQ-style board ChiNext out of 120 disclosed performance predictions, and only seven predicted growth in profits.

Enterprises in the machinery and equipment, electronic components and pharmaceutical biology sectors continued great performances in Q3, the report said.

Listed companies will release their Q3 reports after the National Day holiday.

(chinadaily.com.cn September 28, 2010)