The Chinese Yuan (RMB) is worth 14.7 cents US.
The total stock market capitalization now of these 32 China Companies is a huge US$1,387 bil.
All 32 of these China Companies were audited by one of the very prestigious Big 4 CPA firms. And all 32 China Companies used either US GAAP or IFRS GAAP for their financial statement reporting, both of which are the gold standards in financial reporting. Of these 32 China Companies, 21 of them used US GAAP and the other 11 used IFRS GAAP. In other words, this China reporting of this key economic data is very reliable.
I excluded the 1 large Chinese Utility Company reporting with the US SEC.
Below here are the reported Audited Earnings (Losses) From Continuing Operations for each of these 32 large China Companies for all years reported from 2007 through 2016:
| 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | ||
| 2016 | Audited | Audited | Audited | Audited | Audited | Audited | Audited | Audited | Audited | Audited | |
| Most | Net | Net | Net | Net | Net | Net | Net | Net | Net | Net | |
| China Largest Companies | Recent | Profit | Profit | Profit | Profit | Profit | Profit | Profit | Profit | Profit | Profit |
| Filing With US SEC in RMDs | FYE | (Loss) | (Loss) | (Loss) | (Loss) | (Loss) | (Loss) | (Loss) | (Loss) | (Loss) | (Loss) |
| RMB mils | RMB mils | RMB mils | RMB mils | RMB mils | RMB mils | RMB mils | RMB mils | RMB mils | RMB mils | ||
| China Mobile Ltd | Dec16 | 108,839 | 108,655 | 109,343 | 121,803 | 129,381 | 125,979 | 120,024 | 115,423 | 112,788 | 86,740 |
| China Petroleum & Chemical | Dec16 | 46,672 | 32,512 | 46,639 | 66,348 | 64,082 | 73,225 | 71,782 | 63,129 | 31,180 | 56,150 |
| Alibaba Group Holding Ltd | Mar17 | 41,226 | 71,289 | 24,320 | 23,403 | 8,649 | 4,665 | 1,608 | (503) | 1,155 | 929 |
| PetroChina Co Ltd | Dec16 | 29,372 | 42,089 | 119,028 | 142,274 | 130,620 | 145,959 | 150,792 | 106,559 | 126,802 | 155,337 |
| China Life Insurance Co Ltd | Dec16 | 19,585 | 35,187 | 32,514 | 25,008 | 11,272 | 18,491 | 33,811 | 33,036 | 19,274 | 39,060 |
| China Telecom Corporation Ltd | Dec16 | 18,004 | 20,054 | 17,680 | 17,545 | 14,949 | 16,494 | 15,309 | 13,934 | 274 | 25,728 |
| NetEase Inc | Dec16 | 11,793 | 6,837 | 4,796 | 4,445 | 3,587 | 3,223 | 2,232 | 1,837 | 1,597 | 1,264 |
| Baidu Inc | Dec16 | 11,596 | 32,432 | 12,243 | 10,356 | 10,391 | 6,620 | 3,525 | 1,485 | 1,048 | 629 |
| Sinopec Shanghai Petrochemical | Dec16 | 5,981 | 3,310 | (676) | 2,066 | (1,505) | 987 | 2,794 | 1,653 | (6,204) | 1,680 |
| China Southern Airlines Co Ltd | Dec16 | 5,898 | 4,818 | 2,398 | 2,750 | 3,784 | 6,090 | 6,412 | 524 | (4,789) | 2,032 |
| China Eastern Airlines Corp Ltd | Dec16 | 4,498 | 4,537 | 3,410 | 2,373 | 3,072 | 4,661 | 5,056 | 280 | (15,269) | 379 |
| ZTO Express | Dec16 | 2,052 | 1,332 | 406 | NA | NA | NA | NA | NA | NA | NA |
| Vipshop Holdings Ltd | Dec16 | 1,993 | 1,509 | 753 | 321 | (59) | (692) | NA | NA | NA | NA |
| YY Inc | Dec16 | 1,512 | 998 | 1,064 | 478 | 89 | (83) | (239) | (47) | NA | NA |
| Aluminum Corp of China Ltd | Dec16 | 1,255 | 367 | (17,102) | 498 | (7,482) | 990 | 1,323 | (3,678) | 169 | 12,123 |
| Autohome Inc | Dec16 | 1,216 | 991 | 749 | 456 | 213 | 135 | 80 | 35 | NA | NA |
| Yirendai Ltd | Dec16 | 1,116 | 275 | (28) | (51) | NA | NA | NA | NA | NA | NA |
| China Lodging Group Ltd | Dec16 | 796 | 439 | 302 | 284 | 180 | 118 | 222 | 51 | (133) | (114) |
| CNOOC Ltd | Dec16 | 637 | 20,246 | 60,199 | 56,461 | 63,691 | 70,255 | 54,410 | 29,486 | 44,375 | 31,258 |
| China Unicom (Hong Kong) Ltd | Dec16 | 630 | 10,562 | 12,055 | 10,408 | 7,096 | 4,227 | 3,701 | 9,464 | 1,759 | 15,917 |
| Noah Holdings Limited | Dec16 | 598 | 526 | 464 | 326 | 145 | 155 | NA | NA | NA | NA |
| 51job Inc | Dec16 | 565 | 618 | 439 | 501 | 470 | 387 | 235 | 113 | 77 | 104 |
| Zhaopin Ltd | Jun16 | 284 | 253 | 187 | 156 | 171 | NA | NA | NA | NA | NA |
| Tarena Intl | Dec16 | 242 | 179 | 152 | 87 | 60 | NA | NA | NA | NA | NA |
| Baozun | Dec16 | 85 | 23 | (60) | (38) | (47) | NA | NA | NA | NA | NA |
| Bright Scholar Education Hldgs | Aug16 | 3 | (40) | (38) | NA | NA | NA | NA | NA | NA | NA |
| Cheetah Mobile Inc | Dec16 | (57) | 175 | 71 | 68 | 11 | (30) | NA | NA | NA | NA |
| Bitauto Holding Ltd | Dec16 | (338) | (385) | 490 | 242 | 135 | 87 | (1,222) | (6) | 84 | (146) |
| 58.com | Dec16 | (773) | (1,649) | 139 | 120 | (192) | NA | NA | NA | NA | NA |
| Ctrip.com International Ltd | Dec16 | (1,636) | 2,399 | 92 | 906 | 691 | 1,085 | 1,052 | 667 | 444 | 398 |
| Tuniu Corp | Dec16 | (2,443) | (1,462) | (448) | (80) | (107) | (92) | NA | NA | NA | NA |
| JD.Com Inc | Dec16 | (3,414) | (9,118) | (4,996) | (50) | (1,729) | (1,284) | (412) | (103) | NA | NA |
| Total all 32 | 307,787 | 389,958 | 426,585 | 489,464 | 441,618 | 481,652 | 472,495 | 373,339 | 314,631 | 429,468 | |
| Total Audited Earnings % Decline: | |||||||||||
| ….. 2016 Below 2015 | -21% | ||||||||||
| ….. 2016 Below 2014 | -28% | ||||||||||
| ….. 2016 Below 2013 | -37% | ||||||||||
| ….. 2016 Below 2012 | -30% | ||||||||||
| ….. 2016 Below 2011 | -36% | ||||||||||
| ….. 2016 Below 2010 | -35% |
Also, I found another 12 China Companies with market caps now of at least US$1 bil and which reported their financial statements in US$s with the US SEC. I excluded a China Company whose stock trading is suspended.
The total stock market capitalization now of these 12 China Companies is a substantially lower US$78 bil than that of the 32 China Companies reporting in China Yuan of US$1,387 bil.
All 12 of these China Companies were audited by a Big 4 CPA firm and followed either US GAAP or IFRS GAAP.
Below here are the reported Audited Earnings (Losses) From Continuing Operations for each of these 12 large China Companies for all years reported from 2012 through 2016:
| 2016 | 2015 | 2014 | 2013 | 2012 | |||
| 2016 | Audited | Audited | Audited | Audited | Audited | ||
| Most | Net | Net | Net | Net | Net | ||
| China Largest Companies | City | Recent | Profit | Profit | Profit | Profit | Profit |
| Filing With US SEC in US$s | HQs | FYE | (Loss) | (Loss) | (Loss) | (Loss) | (Loss) |
| mils US$s | mils US$s | mils US$s | mils US$s | mils US$s | |||
| Semiconductor Manufacturing Intl | Shanghai | Dec16 | 316 | 222 | 126 | 174 | 23 |
| Sina | Beijing | Dec16 | 277 | 36 | 162 | 44 | 32 |
| New Oriental Education & Tech Group | Beijing | May16 | 225 | 193 | 216 | 137 | 136 |
| Changyou.com | Beijing | Dec16 | 147 | 191 | (21) | 286 | 294 |
| Momo Inc | Beijing | Dec16 | 145 | 14 | (25) | (9) | (4) |
| China Biologic Products | Beijing | Dec16 | 129 | 114 | 96 | 77 | 66 |
| Tal Education Group | Beijing | Feb17 | 112 | 103 | 67 | 61 | 33 |
| Weibo Corp | Beijing | Dec16 | 106 | 34 | (63) | (38) | (102) |
| Melco Resorts & Entertainment Ltd | Hong Kong | Dec16 | 67 | (61) | 527 | 578 | 399 |
| Sohu.com | Beijing | Dec16 | (115) | 109 | (171) | 167 | 177 |
| Beigene Ltd | Beijing | Dec16 | (119) | (57) | (19) | (8) | NA |
| Fang Holdings | Beijing | Dec16 | (170) | (15) | 253 | 299 | 152 |
| Total all 12 | 1,120 | 883 | 1,148 | 1,768 | 1,206 | ||
| Earnings % Change: | |||||||
| ….. 2016 vs 2015 | 27% | ||||||
| ….. 2016 vs 2014 | -2% | ||||||
| ….. 2016 vs 2013 | -37% | ||||||
| ….. 2016 vs 2012 | -7% |
