China Fire Q4 profit halves

2010-03-19 13:09:37

Fire safety products maker China Fire & Security Group Inc posted a 57 percent drop in quarterly profit, hurt by income tax on its operating subsidiary in China and the delay in signing a steel project contract.

Listed realtors to post rosy returns

2010-03-19 09:03:51

Listed property companies may on an average see a 60 percent increase in 2009 net profit and report even stronger numbers this year, industry analysts said on Thursday.

China Mobile to reduce capital spending

2010-03-19 09:01:19

China Mobile, the world's largest mobile operator, said on Thursday that it plans to reduce capital spending over the next three years as network expansion for third-generation (3G) services nears a close.

Shandong Gold Mining net profit jumps in 2009

2010-03-18 16:31:08

Shandong Gold Mining Co Ltd, a major gold producer in China, reported Thursday that its net profit rose 17.08 percent year-on-year.

Tencent net profits top 5.16b yuan in 2009

2010-03-18 14:31:28

Net profits of Tencent Holdings Ltd, China's biggest Internet company by market value, hit 5.16 billion yuan ($755.9 million) last year, up 85.2 percent year-on-year, according to the company’s annual report on its website Wednesday.

China Mobile revenue up on surprise ARPU gain

2010-03-18 14:19:42

China Mobile, the world's largest mobile operator, reported its best quarterly profit in a year, beating expectations for little growth, as customers began spending more on value-added services.

Meiling profits high, no dividends for 11 years

2010-03-17 15:22:46

The outstanding annual report of Hefei Meiling, a household electrical appliances manufacturer in East China's Anhui province, didn't stimulate investors' enthusiasm with news of no dividends for the 11th year, National Business Daily reported Wednesday. 

Rongshida Sanyo wins investors' interest

2010-03-17 15:07:06

Shares of Hefei Rongshida Sanyo Electric Co Ltd closed up 7.94 percent Tuesday, leading the household appliance board, though it posted a no-surprising annual report on the same day, the National Business Daily reported Wednesday.  

Teapot tempest brings 9.1m yuan judgment

2010-03-17 10:47:38

It proved to be more than a tempest in a teapot for two Chinese companies ordered to pay 9.1 million yuan in damages to Strix Ltd, a leading maker of electric kettle components based in the Isle of Man.

Zhong Jiang Real Estate '09 profit dives over 90%

2010-03-17 09:52:13

Jiangxi Zhong Jiang Real Estate Co, Ltd said its net profit of 2009 slumps more than 90 percent.

Chinalco makes fresh overtures to Rio Tinto

2010-03-17 09:19:37

The nation's largest aluminum producer is in talks with Rio Tinto Group on potential projects amid reports that they will jointly develop a $12 billion iron-ore project.
China iron ore imports rise 6% on 'bullish' mills
Iron ore talks still deadlocked Special

Geely faces hurdles in quest for Volvo

2010-03-17 09:03:36

Financing and technology issues could delay Zhejiang Geely Holding Group, the parent of Geely Automobile, in its plan to acquire the Volvo brand from US automaker Ford Motor Co, said sources familiar with the matter on Tuesday.