The impact of August’s yuan devaluation has shown up in Chinese publicly traded companies’ annual results -- and investors are bracing for more pain. Some 980 listed Chinese companies reported combined foreign-exchange losses of 48.7 billion yuan ($7.5 billion) for last year, almost 13 times the amount in 2014, Bloomberg-compiled data show. Profits at those firms slumped 11 percent last year to 789.2 billion yuan. State-owned oil refiner China Petroleum & Chemical Corp., or Sinopec, reported 3.9 billion yuan in net FX losses, increasing from 179 million yuan in 2014. The yuan’s 4.5 percent tumble last year, the largest since 1994, 4/5/16
007Dad
