Second half of 2010 A-share market is not optimistic.

<P> Ended Aug. 11, 22 GEM listed companies reported interim results statement for 2010, the average net profit up 40%, but there are four companies in a drop in reporting the results. .At the same time, there are 144 listed companies reported small board mid-year report 2010, its first half net profit rose 80% on average. .The two data comparison, performance of listed companies on GEM is no doubt a lot less, because the announced 22 companies listed on GEM in four-year net profit is negative growth. .</ P> <P> again from 18 in the first half year net profit growth of listed companies of view, but also outside the show in the table, in the bear, if not national, ultra mapping software, LMH shares these with their good .the overall level of driving performance, then the date listed on the GEM's mid-year report will be more ugly, even worse. .The four-year negative growth of GEM listed companies are looking for reasons not to say there are no major clients this year, that this raw material prices, it makes people feel that the performance of the GEM is now before the big fanfare of its high market growth does have a certain gap between .. .</ P> <P> in GEM as national technology, ultra-performance mapping software is good, but they both are to rely on government subsidies to give money to add a beautiful mid-year report, technology, science and technology projects of national subsidies to income over the previous period .increased 13.09 million yuan, only to performance soared. .Ultra-mapping software in the first half operating income of 768 million, an increase of 42%, because it is the company reported in the State in 863, the special project of international cooperation in R & D national and provincial support for science and technology funds. .If the business performance of the leader board mostly by government subsidies to support facade, so once the government's subsidies, then results will plummet? </ P> <P> semi-annual report from the perspective of this year, although the GEM .to August 6 the number of listed companies has expanded to 100, said its overall performance, not as small plates. .The reason is that the GEM is a high-tech companies, emerging business model which consists of results in the volatile process of growth is inevitable in common. .The small plates and other traditional industries, the traditional model is already very mature, and unless large macroeconomic fluctuations, its amplitude will naturally not great. .If we take into account the mostly small and medium enterprises within the GEM, they feature anti-risk ability of frail, which this year is bright, sharp downturn in performance next year will be a normal phenomenon..