Shuanghui has said in public statements that it plans to increase current sales about 50 billion yuan to about 100 billion yuan by the end of 2015.

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The Sageworks Private Company Report, which is based on financial statements filed in the six months ended January, shows average annual sales growth for construction companies increased 11.1 percent.

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The pair have faced plummeting sales, disclosure problems and kinks in their earnings statements.

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According to financial statements filed in the six months ended January 2013, privately held companies saw average annual sales growth of 9 percent and net profit margins of 8.1 percent.

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If we look at corporate performance in the early part of 2009, when we were going through a massive rationalization of corporate expense statements, companies were cutting costs by 20% or 25% in the face of serious sales declines.

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The sales growth is slightly lower than the 10.2 percent average annual growth for statements filed in the six months ended January 2012, but net profit margin is better than the 4.6 percent margin among statements in that period.

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