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Earnings Delay Clouds China’s $1 Trillion Stock Market Rally (3)

Feb. 24, 2020, 8:52 AM

A growing number of Chinese companies are postponing their annual earnings announcements as the deadly coronavirus outbreak causes delays in board meetings and internal audits.

At least 190 Chinese firms had delayed releasing their numbers for 2019, according to exchange data compiled by Bloomberg. The firms include Jiangsu Hengrui Medicine Co. and Chongqing Changan Automobile Co., while some listed in Hong Kong and the U.S. have also changed their schedule, including Baidu Inc.

The outbreak has made it difficult for companies to complete accounting as the virus has led to travel restrictions and forced many across the region to...

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