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  • August 23, 2014
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  1. Shenzhen Investment posts 58pc profit fall as housing slump lingers

    Posted Sep 24th 2008, 12:00am by Carol Chan

    ... that half-year earnings fell to HK$293.2 million, from HK$701.1 million a year earlier. Turnover fell 20.1 per cent to HK$646 million. Mr Zhang said the company had cut this year's property sales ... also said the company's earnings performance in the second half was expected to be better as most of the company's property projects were scheduled for completion in the period. ...

  2. ZTE eyes new markets after profit boost

    Posted Mar 18th 2011, 12:00am by Staff Reporter

    ... Bien Perez ZTE Corp, the mainland's second-largest telecommunications equipment maker, plans a foray into the semiconductor and emerging cloud computing markets after posting hefty gains last year. The Shenzhen-based firm yesterday reported a 32.2 pe ...

  3. Water unit lifts Guangdong Investment earnings

    Posted Sep 15th 2007, 12:00am by Kandy Wong

    ... and infrastructure The amount of profit the company earned in the first half, in HK$: $919m ... an increase in water sales. The company said water demand in the period had returned to normal compared with last year when heavy rainfall reduced Shenzhen's and Dongguan's reliance on water ...

  4. Shenzhen Expressway earnings gain 16.5pc

    Posted Mar 18th 2008, 12:00am by Kandy Wong

    ... yesterday at HK$6 after the company announced its results. The market faced heavy selling yesterday. ... Yang Hai said the company was expecting significant growth in traffic volume but, at the same time, raw material costs for road construction were rising. The company has set aside 7.5 billion ...

  5. Toll road company in 33pc profit leap

    Posted Apr 04th 2006, 12:00am by Kandy Wong

    ... 414.9 million yuan, or 19 fen a share, a year earlier, the company said in a statement to the Hong Kong stock exchange. Revenue increased to 911.5 million yuan from 705.8 million. China's ... Expressway reported its earnings based on mainland accounting standards separately. According to those standards, last year's profit was little changed at 485 million yuan, compared with 484.6 ...

  6. Robust sales drive China Vanke earnings up 36pc to 248.9m yuan

    Posted Oct 31st 2007, 12:00am by Sandy Li, Yvonne Liu

    ... Sandy Li and Yvonne Liu China Vanke, the mainland's largest listed developer, has announced a 36.16 per cent jump in net profit to 248.88 million yuan for the three months to September, driven by strong sales. The Shenzhen-listed company said sales surged 67.75 per cent to 3.07 billion yuan in the third quarter, from 1.83 billion yuan during the same period a year ...

  7. China South City talks up earnings prospects as stock price flounders

    Posted Dec 30th 2009, 12:00am by Peggy Sito

    ... to investors. Chairman Cheng Chung-hing said the company had reaped strong property sales, which would be booked in the second half of the year. He also pledged a steady earnings outlook from continued ... 102,000 sqmetres with an average price of about 15,000 yuan (HK$17,000) per square metre, or total property sales of 1.5 billion yuan, Fung said. The company has announced a profit of HK$245.7 ...

  8. Development Bank earnings soar 19-fold

    Posted Aug 18th 2006, 12:00am by Staff Reporter

    ... Bei Hu Shenzhen Development Bank, whose management is controlled by Newbridge Capital, yesterday announced a 19-fold increase in second-quarter earnings. However, rising revenue, improving earnings and falling non-performing loan ratio were marred by a continued insufficient level of capital. The Shenzhen-based national bank, the weakest of six domestically listed lenders, booked net ...

  9. Earnings drop forecast for electronics firms

    Posted Mar 06th 2007, 12:00am by Staff Reporter

    ... report worse than expected fourth-quarter earnings, an industry expert said. 'Sales of electronic products during the Christmas season were below expectations,' said Chan Kei-biu, ... worse.' Hong Kong government figures give a foretaste of poorer earnings. Growth in the city's domestic exports and re-exports of electrical, telecommunications products and office machines ...

  10. Mishap reveals fatally skewed priorities of theme park company

    Posted Jul 24th 2010, 12:00am by Fiona Tam

    ... the pay-off from property development, it's no surprise that mainland media has reported that OCT has kept a tight rein on investment in the amusement-park side of the business. The company ... have been asked about whether the management of a state-owned company can be made to make safety their top priority. Shenzhen police detained 11 lower-level staff from the park for further ...




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