Chinese companies listed on China’s stock markets – either the Shanghai stock exchange or the Shenzhen stock exchange – are required to report their profits and losses from 2021 by the end of January. Thus, many companies with big losses submitted their information on January 28, the last trading day in January.

Suning.com Co had the largest loss, around 43.3 billion yuan (US $6.8 billion), more than the company’s market cap of 36.4 billion yuan. The company was on the Fortune 500 list in August 2021 and ranked number one among the Chinese retail companies.

The second largest loss was from China Fortune Land Development, a real estate developer, with an estimated loss of 33.1 to 39.1 billion yuan. Caixin reported that, by January 29, out of the 66 real estate companies which published their 2021 performance information, 30 reported a loss.

After the real estate companies, pig farming companies are the next group with the largest losses. Jiangxi Zhengbang Tech, ranked around 370 in Fortune’s China’s Top 500 companies. It estimated a 19 billion yuan loss for 2020.

Airlines are the next losing group. Air China estimated it had a 14.5 to 17 billion yuan loss, followed by China Southern Airlines and China Eastern Airlines. Each reported around a 12 billion yuan loss.

The electric utility companies are the next group due to the coal price increase in China. Shanghai Electric, Datang International Power Generation Company, Oceanwide Holdings, and Huaneng Power International all reported losses of over 10 billion yuan.

Source: Epoch Times, February 4, 2022
https://www.epochtimes.com/gb/22/2/4/n13555782.htm

A recent scholastic paper studied the responses of 1,907 female teachers regarding a questionnaire survey on the status of female teachers regarding work, life, marriage and childbirth.  According to The Paper, a Chinese news portal, two scholars at Beijing Normal University conducted the research,

The survey found that unmarried female teachers showed a lower willingness to have children, with 32.41 percent not wanting to have any children, 36.73 percent wanting only one child, 29.63 percent willing to have two children, and only 1.23 percent willing to have three children. Among the overall female teachers, including both married and unmarried, 18.77 percent do not want to have children, 38.96 percent are willing to have only one child, 38.91 percent are willing to have two children, and only 3.36 percent are willing to have three children.

The study concluded that for the average female teacher who did not want to have children, the most significant factors that would have changed her willingness to have children were having a higher income levels, a reduced workload and lower education costs for the children.

The questionnaire was distributed to female teachers in 13 provinces in China. 78.55 percent of the female teachers surveyed were married, 16.99 percent were unmarried, and 4.46 percent were divorced or widowed.

Source: The Paper, February 4, 2022
https://www.thepaper.cn/newsDetail_forward_1676229

United Daily News (UDN), one of the primary Taiwanese news groups, recently reported that, affected by the severe economic environment and the Covid epidemic, Mainland China’s economy had a sluggish start in January this year. The official and private Manufacturing Purchasing Managers’ Index (PMI) announced yesterday both fell from the previous month. The former was 50.1, approaching the break-even line, the latter was only 49.1, hitting a new low in 23 months. Analysts expressed the belief that after the Chinese New Year, the Mainland authorities need to increase fiscal and monetary policy support in a timely manner to ensure the realization of the goal of “maintaining stability” in the economy. According to data released by the Chinese National Bureau of Statistics, in January 2022, the manufacturing PMI was 50.1, narrowed by 0.2 percentage points, indicating that the economic expansion has slowed down. Also released on the same day by Caixin, the “Private Edition” PMI data that mainly reflects small and medium-sized enterprises in China showed that, in January 2022, the Caixin manufacturing PMI recorded 49.1, which was below the growth line of 50, and fell 1.8 percentage points from the previous month. This was the lowest since March 2020. PMI is an indicator of financial activity reflecting purchasing managers’ acquisition of goods and services. A PMI number below 50 typically reflects a decline.

Source: UDN, January 31, 2022
https://udn.com/news/story/7333/6071883