China firms rated
24 June 1996 00:00 [Source: ACN]
YIZHENG Chemical Fibre and Huabei Pharmaceutical were among the 20 Shanghai-listed firms which were rated as 'large scale but with low returns' by the Chinese Academy of Social Sciences.
Shanghai Petrochemical was categorised as 'large scale and with high returns'. More than half the 200 companies surveyed enjoy a 'small scale but high returns' status.
The survey analysed the total assets, net assets, total equity, operating income, net profit and total profit taken from 1995 annual reports for the listed companies.
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