As of Monday, 758 companies listed on the Shanghai Stock Exchange and Shenzhen Stock Exchange released their performance predictions for the year 2010, and 607 companies reported positive predictions, China Business News reported Tuesday.

According to statistics provided by Wind Info, among the 758 companies, 465 enterprises predicted a growth in net profits, 55 companies predicted that they would turn losses into gains, 87 said they would continue to generate profit. In addition, 144 companies predicted that their annual profits will increase by more than 100 percent year-on-year, and among them, 5 companies expected more than a tenfold increase in profits.

26 companies listed on China's Nasdaq-style board ChiNext out of 29 predicted a stable growth in profits and seven predicted 100 percent growth.

(chinadaily.com.cn December 29, 2010)