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  • July 24, 2014
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  1. Business - China Business - EARNINGS

    Huawei sees solid year after first-half sales grow 19 per cent

    Posted Jul 22nd 2014, 12:29am by BIEN PEREZ

    ... 126 projects. Despite Huawei's inability to take part in the large telecommunications infrastructure market in the United States because of security concerns, Meng saw many opportunities ...

    http://www.scmp.com/business/china-business/article/1557079/huawei-sees-solid-year-after-first-half-sales-grow-19-cent
  2. Business - Companies - EARNINGS

    IBM revenue falls further in second quarter but beats market target

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

    ... 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 ... 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 ...

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

    Sinopec details sale plan of fuel unit

    Posted Mar 25th 2014, 01:32am by Eric Ng

    ... plan of fuel unit China Petroleum & Chemical (Sinopec) aims to complete by the third quarter a fund-raising exercise for its fuel marketing operations to help cut debt, fund shale gas ... marketing operation to non-state entities. The decision is seen as an answer to Beijing's call for state firms in monopolistic industries to invite private participation in their operations ...

    http://www.scmp.com/business/commodities/article/1456558/sinopec-details-sale-plan-fuel-unit
  4. 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
  5. Business - China Business - EARNINGS

    SMIC boosts margins on way to ninth straight profitable quarter

    Posted Jul 22nd 2014, 12:29am by BIEN PEREZ

    ... and Qualcomm, which supply many of the essential chips used in smartphones. SMIC generated 46.6 per cent of its revenue from North America in the first quarter. The State Council unveiled earlier ...

    http://www.scmp.com/business/china-business/article/1557110/smic-boosts-margins-way-ninth-straight-profitable-quarter
  6. Business - China Business - EARNINGS

    China's airlines hit hard by weaker yuan

    Posted Jul 17th 2014, 01:22am by SIJIA JIANG

    ... the other two major state airlines, Air China and China Southern Airlines, in issuing a profit warning for its interim results. Air China, the country's flag carrier, said on Monday it expected ...

    http://www.scmp.com/business/china-business/article/1555470/chinas-airlines-hit-hard-weaker-yuan
  7. Business - Companies - EARNINGS

    Fast Retailing cuts 2014 profit forecast

    Posted Jul 11th 2014, 01:31am by BLOOM

    ... fiscal year, citing losses from its J Brand fashion unit in the US. Net income will probably be about 78 billion yen (HK$5.95 billion) for the year ending August, lower than its previous forecast ... not profitable" and did not meet target in the third quarter, Fast Retailing spokesman Keiji Furukawa said. There could be an impairment charge relating to the unit and costs of opening US stores ...

    http://www.scmp.com/business/companies/article/1551432/fast-retailing-cuts-2014-profit-forecast
  8. Business - Money - EARNINGS

    Profit outlook dims for mainland China firms traded in the US market

    Posted Jul 01st 2014, 04:05am by Bloomberg

    ... Bloomberg in New York Outlook dims over China slowdown The most actively traded mainland companies in the United States are on track to report the smallest profits in two years as growth in the world's second-largest economy decelerates to the slowest pace since 1990. Analysts covering stocks listed on the Bloomberg China-US Equity Index estimate that on average they will post earnings ...

    http://www.scmp.com/business/money/markets-investing/article/1543911/profit-outlook-dims-mainland-china-firms-traded-us
  9. Business - Companies - EARNINGS

    Foxconn chief Gou calls for patience as he invests to tap new markets

    Posted Jun 26th 2014, 01:07am by BLOOM

    ... be patient, don't be in a hurry," Gou said at the annual meeting of Hon Hai Precision Industry, Foxconn's largest unit. "I'm also the biggest shareholder, so if it's bad ...

    http://www.scmp.com/business/companies/article/1540545/foxconn-chief-gou-calls-patience-he-invests-tap-new-markets
  10. Business - Companies - EARNINGS

    Sony chief Kazuo Hirai's apology flags another year of losses

    Posted Jun 20th 2014, 12:59am by BLOOM

    ... as a leader." Hirai was promoted in April 2012, taking the helm of a firm that had lost money at its television unit since 2004. He failed to deliver on promises to turn the unit profitable ... manufacturing unit into a separate operating entity. The division is focused on so-called 4K ultra-high-definition sets and forecasts sales of 16 million liquid-crystal display television in the fiscal ...

    http://www.scmp.com/business/companies/article/1536396/sony-chief-kazuo-hirais-apology-flags-another-year-losses

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