Chinese shares hit record high

时间：2007-07-27 06:07:48

（单词翻译:单击）

July 27 - After more than a month of uncertainty1, Chinese share prices rose to a new record high on Thursday following the release of half-year financial reports by listed companies, which showed healthy profits.

 

The benchmark Shanghai Composite Index rose 0.52 percent or 22.49 points to close at 4,346.46 - breaking the previous record of 4,335.96 points set on May 29 - and the Shenzhen Component2 Index ended on 14,619.74 points, up 1.5 percent.

 

According to Thursday's China Securities Journal, 89 listed companies that had released their half-year reports by Wednesday witnessed an average increase in net profits from last year of 206 percent.

 

Although the high figure will not reflect the whole picture of the profits recorded by a total of 1,400-plus listed firms, analysts3 are upbeat about the combined profit earnings4 for the whole market this year.

 

Shares of companies in the property, securities and textile industries performed well. Vanke, China's largest property firm, rose 0.59 percent to 27.41 yuan and CITIC securities leapt 5.12 percent to 66.9 yuan.

 

Jiangsu Wuzhong, a textile company, rose the 10-percent daily limit to 6.33 yuan and China Garments went up 9.98 percent to 7.16 yuan.

 

Major banks fell on Thursday, with the Industrial and Commercial Bank of China down 1.2 percent to 5.77 yuan and the Bank of China down 0.55 percent to 5.46 yuan.

 

The combined turnover5 of the two bourses recovered from 196.3 billion yuan on Wednesday to 209.9 billion yuan on Thursday. (One U.S. dollar is equal to 7.56 yuan)

 
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1 uncertainty NlFwK     
n.易变，靠不住，不确知，不确定的事物
参考例句：
  • Her comments will add to the uncertainty of the situation.她的批评将会使局势更加不稳定。
  • After six weeks of uncertainty,the strain was beginning to take its toll.6个星期的忐忑不安后，压力开始产生影响了。
2 component epSzv     
n.组成部分，成分，元件；adj.组成的，合成的
参考例句：
  • Each component is carefully checked before assembly.每个零件在装配前都经过仔细检查。
  • Blade and handle are the component parts of a knife.刀身和刀柄是一把刀的组成部分。
3 analysts 167ff30c5034ca70abe2d60a6e760448     
分析家，化验员( analyst的名词复数 )
参考例句：
  • City analysts forecast huge profits this year. 伦敦金融分析家预测今年的利润非常丰厚。
  • I was impressed by the high calibre of the researchers and analysts. 研究人员和分析人员的高素质给我留下了深刻印象。
4 earnings rrWxJ     
n.工资收人；利润，利益，所得
参考例句：
  • That old man lives on the earnings of his daughter.那个老人靠他女儿的收入维持生活。
  • Last year there was a 20% decrease in his earnings.去年他的收入减少了20%。
5 turnover nfkzmg     
n.人员流动率，人事变动率；营业额，成交量
参考例句：
  • The store greatly reduced the prices to make a quick turnover.这家商店实行大减价以迅速周转资金。
  • Our turnover actually increased last year.去年我们的营业额竟然增加了。

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