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  • November 28, 2014
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  1. Business - Companies - EARNINGS

    Zhuzhou CSR Times Electric more than doubles profit

    Posted Oct 24th 2014, 04:46pm by CHIM SAU-WAI

    ... per cent of its operating revenue last year. The contracts include supplying train units worth 23.94 billion yuan to mainland’s national rail operator China Railway Corp, and metro carriages ...

    http://www.scmp.com/business/companies/article/1623779/zhuzhou-csr-times-electric-more-doubles-profit
  2. Business - China Business - EARNINGS

    Insurer China Life diversifies with bid for Sinopec retail unit

    Posted Aug 28th 2014, 05:03am by Kwong Man-ki

    ... Kwong Man-ki in Beijing phoenix.kwong@scmp.com Mainland insurer targeting petrol station chain after reporting 13pc rise in first-half net profit China Life in bid for Sinopec unit China Life Insurance is seeking to diversify its investment portfolio by planning to invest in China Petroleum & Chemical Corp's (Sinopec) retail unit after reporting better-than-expected ...

    http://www.scmp.com/business/china-business/article/1581324/insurer-china-life-diversifies-bid-sinopec-retail-unit
  3. Business - Commodities - EARNINGS

    Oil and gas producer PetroChina posts 4pc first-half profit rise

    Posted Aug 29th 2014, 01:14am by Eric Ng

    ... Eric Ng eric.mpng@scmp.com Firm also clears troubled northeastern projects to set their own production plans and budgets PetroChina posts 4pc net profit rise PetroChina, the nation ... to two oil and gas production units as part of state enterprise reform. The profit is 3.7 per cent higher than the average 65.7 billion yuan forecast by analysts polled by Thomson Reuters ...

    http://www.scmp.com/business/commodities/article/1581588/oil-and-gas-producer-petrochina-posts-4pc-first-half-profit
  4. Business - Companies - EARNINGS

    Citic’s interim core profit flat, supported by earnings from property development

    Posted Aug 29th 2014, 02:14pm by Eric Ng

    ... in the property business, including in developing nations, chairman Chang Zhenming told reporters after the company posted flat recurring profit for the first half of the year when one-time gains ... new businesses to the Hong Kong unit, including banking, stock brokerage, manufacturing and construction. Performance of the acquired assets will be reflected in the next annual results ...

    http://www.scmp.com/business/companies/article/1581677/citics-interim-core-profit-flat-supported-earnings-property
  5. Business - Commodities - EARNINGS

    China Datang expects use of wind farms to rise in second half

    Posted Aug 27th 2014, 01:27am by Eric Ng

    ... Renewable Power, the wind and solar power unit of one of the mainland's big five national power generation groups, expects wind farms utilisation to pick up in the year's second half after dropping in the first half because of weak wind resources and causing the firm to fall into a net loss. The Hong Kong-listed unit of China Datang Group was aiming for full-year plant utilisation ...

    http://www.scmp.com/business/commodities/article/1580989/china-datang-expects-use-wind-farms-rise-second-half
  6. Business - China Business - EARNINGS

    Brilliance profit soars on back of BMW joint venture sales

    Posted Aug 20th 2014, 01:34am by Kwong Man-ki

    ... joint venture] is pushing forward with its capacity expansion projects to bring total annual production capacity up to 400,000 units over the next two years," chairman Wu Xiaoan said ... anti-monopoly investigations did not affect BMW Brilliance's sales target. The National Development and Reform Commission recently launched antitrust investigations into BMW and other foreign ...

    http://www.scmp.com/business/china-business/article/1577243/brilliance-profit-soars-back-bmw-joint-venture-sales
  7. Business - Commodities - EARNINGS

    China Coal Energy's first-half profit plunges 76pc

    Posted Aug 18th 2014, 11:09am by Eric Ng

    ... Eric Ng eric.mpng@scmp.com First-half net earnings of listed unit of the mainland's No2 producer hit by falling prices China Coal in share slide after 76pc profit plunge Shares of China Coal Energy, the listed unit of the mainland's second-largest coal producer, fell as much as 2.5 per cent after its first-half net profit slumped 75.8 per cent year on year to 780 ...

    http://www.scmp.com/business/commodities/article/1575936/china-coal-energy-shares-rebound-early-drop
  8. Property - Hong Kong & China - EARNINGS

    Cheung Kong blames profit fall on developer discounts and incentives

    Posted Aug 01st 2014, 02:06am by Sandy Li

    ... core profit was HK$7.13 billion for the six months to June, 1 per cent under the HK$7.21 billion of a year ago. Vincent Cheung Kiu-cho, national director for Greater China at property ... Over the weekend, Mont Vert's phase one in Tai Po sold 400 out of 492 units after it offered price discounts to buyers of up to 15 per cent price. ...

    http://www.scmp.com/property/hong-kong-china/article/1563759/cheung-kong-blames-profit-fall-developer-discounts-and
  9. Business - Companies - EARNINGS

    IBM revenue falls further in second quarter but beats market target

    Posted Jul 19th 2014, 01:58am by BLOOM

    ... to offload less profitable businesses, like the low-end server unit that Lenovo Group agreed to buy for US$2.3 billion, pending a US national security review. In a deal unveiled this week, IBM ... The company has faced difficulties in the Chinese market as tensions over cyberhacking have risen between China and the United States. As Rometty tries to navigate IBM through the industry's ...

    http://www.scmp.com/business/companies/article/1556525/ibm-revenue-falls-further-second-quarter-beats-market-target
  10. Business - Commodities - EARNINGS

    Profit at power firm Datang dragged down by coal-to-chemicals unit

    Posted Mar 27th 2014, 12:58am by Eric Ng

    ... unit of China Datang Group is one of the five state-owned national power generation groups and its coal-to-chemicals operation was a factor in dragging down profits in 2013. Excluding a 241.5 ... Eric Ng eric.mpng@scmp.com Coal-to-chemicals unit drags down Datang profit Datang International Power Generation posted an underlying pre-tax profit growth of 54 per cent for last year, ...

    http://www.scmp.com/business/commodities/article/1458109/profit-power-firm-datang-dragged-down-coal-chemicals-unit

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