BEIJING Bryant Reeves Grizzlies Jersey , April 21 (Xinhua) -- The advance first-quarter reportsfrom Chinese listed companies reinforced the message, conveyed inthe recent string of upbeat economic data, that the world'ssecond-largest economy is on steadier footing.

As of Wednesday, 1,432 Chinese listed companies had disclosedtheir advance first-quarter reports, and 66 percent of themregistered a net profit growth or turned losses into gains,according to data compiled by Wind, a leading information serviceprovider.

Breakdown figures showed that 443 companies will witness ayear-on-year profit surge of more than 50 percent in the firstquarter, with 289 companies to report year-on-year profit growth ofless than 50 percent and 155 companies to reverse businesslosses.

Industry-specific data revealed that most companies in bothtraditional sectors such as coal and steel as well as some newlyemerging industries posted stellar growth on the back of businessimprovement or product price increases.

Among the 11 listed coal-related companies that have releasedadvance first-quarter reports, all have registered net profitgrowth of more than 100 percent except for Inner MongoliaPingzhuang Energy Resources.

Yanzhou Coal Mining Company is forecast to see net profit growthof more than 580 percent in the first three months this year due torising coal prices and expanded output.

The profit growth of coal-related listed companies will likelycontinue into the following quarters as coal prices stay elevated,according to a report from Industrial Securities, a domesticbrokerage house.

China's manufacturing sector in March stayed above the boom-bustmark for the eighth month in a row, with traditional sectors likeoil refining, coking and metal smelting witnessing robust growth,the National Bureau of Statistics (NBS) said.

"China's manufacturing sector and the broader economy are likelyto continue steady growth on the back of favorable macroeconomicconditions and rebounding foreign markets demand," investment bankChina International Capital Corporation said in a researchnote.

In a similar vein, all 15 Chinese listed iron and steelcompanies that released advance first-quarter reports predicted netprofit growth, with Sansteel Minguang registering a net profit ofaround 400 million yuan (58.1 million U.S. dollars), a year-on-yearsurge of more than 800 percent.

Despite new moves to curb housing market speculation in majorChinese cities, the iron and steel prices are buttressed by robustfixed-asset investment growth in China's transport infrastructure,analysts said.

China is set to spend around 2.6 trillion yuan on transportinfrastructure projects this year, according to the Ministry ofTransport.

China's major industrial companies registered robust profitgrowth in the first two months of the year, and NBS statistician HePing attributed this to increased industrial production, rawmaterial price increases and an uptick in profitability.

"Profit margins of some major types of steel products have hitthe record high since 2011," Industrial Securities said in aresearch note.

China is seeking to transition to an innovation andservice-driven economy from one heavily reliant on investment andexports of low-value-added goods, and advance first-quarter reportsshowed that some new growth engines are picking up momentum.

Listed companies on the tech-heavy small and medium-sizedenterprises board will witness an average year-on-year net profitgrowth of 66.6 percent in the first quarter, Shenwan HongyuanSecurities data showed, with new energy vehicle-related sharesamong the best performers.

Not every figure was good news. Of 232 listed companies thathave released their formal first-quarter reports, 122 of themreported higher debt levels, according to Wind data.

"It is a crucial moment for some listed companies, especiallythose smaller companies pressured by rising debt against thebackdrop of the U.S. interest rate increase and rising capitalcosts at home," said Li Huiyong, economist at Shenwan HongyuanSecurities. Enditem

From left: Actors Chen Jianbin, Wang Xuebing and singer Wang Taili attend a press conference in Beijing on March 3. Photo: CFP

The premiere date for A Fool, the directorial debut of veteran Chinese actor Chen Jianbin, has been set for May 1 on the Chinese mainland, it was announced this week at a press conference in Beijing.

Largely unknown until the mid-budget production surprised everyone by receiving five nominations, two of which it won, at Taiwan's Golden Horse Awards last year, A Fool's arrival in the mainland has become highly anticipated. Adapted from the novel, The Running Moonlight, A Fool takes place in Northwest China and tells the story of a local farmer who encounters an intellectually disabled man on the street and in the process of trying to get the man home finds himself caught up in a strange situation where he is accused of human trafficking.

A black comedy about the absurdity of life, while the English name of the film is rather straightforward, the Chinese title Yige Shaozi, which means "a spoon," may seem a bit confusing. At the conference Chen explained that the pronunciation for "spoon" sounds similar to the word for "fool" in the Northwestern dialect. Also adding a local feel to the film, the lead character (played by Chen) is named Latiaozi, a Northwestern type of noodle.

Chen, the 44-year old actor-turned director and scriptwriter, is known to Chinese audiences through his appearances on a number of popular TV shows. His very recent historical costume opera Legend of Zhen Huan, in which he plays the Qing Dynasty (1644-1911) emperor, Yongzheng, is set to air in the US as well.

While along with the booming film market in China many actors and novelists have turned to the big screen as directors in order to get their piece of this ever growing cake. Chen, however, s. Cheap Jerseys From China   Cheap Jerseys China   Cheap Jerseys   Wholesale Shirts   Wholesale T-shirts   Wholesale Hats China   Cheap Shirts Wholesale   Cheap Shirts Free Shipping   Cheap College Hats   Cheap Soccer Hoddies