A number of locally-based companies last month issued forecasts for their annual reports.

Net profits increased by more than 90 percent last year for Xiamen Tungsten Xinneng. The firm's revenue topped 28.7 billion yuan, up by more than 80 percent.

Tebao Biology's net profits surged by more than 50 percent last year. Net profits for the parent company reached an estimated 274 million yuan to 278 million yuan.

 
At Yilian Network, profits are expected to top 2.1 billion yuan, up year-on-year increase by at least 30 percent.