The Chinese economy is supposed to be skipping along nicely down the road to recovery. Yet you wouldn’t know it from earnings forecasts – few upgrades have been made since the third quarter of last year. And over the weekend ZTE warned that it expected a full-year loss of up to Rmb2.9bn for 2012. Back in October, China’s second-largest telecoms equipment maker, which depends on the home market for almost half its sales, said it hoped to break even. It comes after another profit warning from TCL Communication, a mobile phone maker, this month. Comba, a larger peer, is expected to follow suit.
中國經濟應該正邁著輕盈的步子走上復蘇之路。然而從公司的盈利預期中看不出這一點——從去年第三季度以來，幾乎沒有幾家公司上調了盈利預期。上周末中興(ZTE)警告稱，預計2012年將出現29億元人民幣的全年虧損。而就在去年10月，這家近一半銷售額依賴于國內市場的中國第二大電信設備制造商表示希望能不賺不賠。本月，就在中興之前，移動電話制造商TCL通訊(TCL Communication)也發出了盈利預警。更大的一家同業公司京信通信(Comba Telecom)預計也將步其后塵。