Shares rise sharply on last trading day before May
2008-04-30 17:13:11
Chinese shares ended Wednesday, the last trading day of the month, sharply higher, with heavyweights, PetroChina and Sinopec in particular, leading the way.
Listed firms post 50% rise in 2007 profit
2008-04-30 17:15:24
The net profit of publicly traded Chinese companies soared 49.7 percent on average in 2007, boosted by the booming economy and high stock investment returns.
ICBC profit up 77% in 1st quarter
2008-04-30 09:36:29
Industrial and Commercial Bank of China (ICBC) said first-quarter profit rose 77 percent as companies borrowed more and fees from wealth management increased.
PetroChina buys assets from parent
2008-04-30 09:38:55
PetroChina, the country's largest oil producer, said it has agreed to buy assets from parent China National Petroleum Corporation (CNPC) for 43.8 million yuan ($6.27 million).
Baosteel earnings jump 16%
2008-04-30 10:03:27
Shares of China Baosteel Iron and Steel Co yesterday jumped 2.25 percent after it reported a 15.88 percent rise in first-quarter earnings, which exceeded analysts' expectations.
Listed banks profit up on rising interest income
2008-04-30 13:12:27
Major Chinese banks experienced soaring profits in the first quarter due to rising interest income, the Shanghai Securities News reported on Wednesday.
Ping An Insurance reports Q1 profit up 25.2%
2008-04-30 09:28:09
Ping An Insurance Group, China's second largest life insurer, said on Tuesday that its first-quarter net profit rose 25.2 percent year-on-year on premium growth.
Index down 2.33% on heavyweights' sell-off
2008-04-28 16:02:39
The Shanghai Composite Index ended Monday's trading at 3,474.72 points, down 2.33 percent on selling of heavyweights.
CITIC Securities Q1 profit up 101%
2008-04-28 15:24:44
CITIC Securities, the country's biggest brokerage, said its net profit stood at 2.522 billion yuan in the first quarter, up 101.03 percent year on year.
Sinopec Q1 net profits slump 65.78%
2008-04-28 10:09:12
Sinopec, China's largest oil refiner, announced Sunday that its net profit slumped 65.78 percent in the first quarter from the same period of last year.
China Life Q1 net profit down 61%
2008-04-28 09:22:36
China Life Insurance Company Limited, the country's largest life insurer, said Sunday its first-quarter net profit plummeted 60.9 percent year on year on slumps of its stock investment returns.
Yangtze Power 2007 profit up 48.61%
2008-04-28 09:10:36
China Yangtze Power Co Ltd, operator of the Three Gorges hydropower dam, said 2007 net profit rose 48.61 percent to 5.37 billion yuan ($765.99 million).