More than 80 listed companies are expected to turn their losses into profits in 2023, according to a report by Choice data. This turnaround is mainly attributed to market recovery and overseas business improvement. The companies, including Ginza, Huapei Power, Suihengyun A, Changbaishan, Andaville, Juneyao Airlines, New World, ArcherMind Technology, and Ruiming Technology, are expected to see significant year-on-year increases in net profit.
The gradual recovery of market demand has driven the continued growth of product orders, leading to the performance turnaround for most listed companies. Many industries have seen an improvement in supply and demand margins, leading to increased prosperity and improved performance for various companies.
Companies like Ginza Co., Ltd., Huapei Power, Sui Hengyun A, Changbai Mountain, and Juneyao Airlines attribute their improved performance to factors such as the recovery of market demand, decreased coal prices, and increased electricity prices. Additionally, the tourism industry has seen significant growth, leading to strong performance for companies such as Changbai Mountain.
The computer industry accounted for the largest number of companies expected to turn losses into profits, with actively seizing overseas market opportunities playing a significant role. New World, ArcherMind Technology, and Ruiming Technology are among the companies expecting a significant increase in net profit due to their focus on overseas markets and the growth of smart terminal clusters.
Overall, the performance turnaround for these listed companies is a positive sign for the market recovery and overseas business growth. The success of these companies in turning their losses into profits demonstrates resilience and adaptability in the face of challenging market conditions.