Business / Corporate Reports

Profits of SOEs up 9.7 percent in Jan-Feb

[2013-03-25 16:06]

State-owned enterprises' total profits increased 9.7 percent to 306.01 billion yuan ($49.27 billion) in the first two months of the year.

CPIC's 2012 net profit down 38.9 percent

[2013-03-25 15:58]

China Pacific Insurance (Group) Co Ltd said late Sunday that its 2012 net profit fell 38.9 percent year-on-year mainly due to the sluggish capital markets.

CHN-BRAND publishes 2013 C-BPI research results

[2013-03-25 05:53]

The Chinese mainland accounted for the bulk of brands listed on the latest China Brand Power Index for 2013.

China Construction Bank net profit up 14%

[2013-03-25 09:58]

China Construction Bank said Sunday its net profit rose 14.13 percent year-on-year to 193.18 billion yuan ($30.8 billion) in 2012.

Sinopec 2012 net profit falls 14.8%

[2013-03-25 09:51]

China Petroleum and Chemical Corporation said its net profits in 2012 dropped 14.8 percent year-on-year to 66.8 billion yuan ($10.65 billion).

HK Airport wins green award

[2013-03-23 11:02]

Hong Kong International Airport was awarded the Airport Carbon Accreditation "Optimization" certificate Friday.

CNOOC's 2012 profits down 9.3%

[2013-03-23 10:46]

The China National Offshore Oil Corporation Limited (CNOOC) said Friday that its net profits fell 9.3 percent to 63.69 billion yuan ($10.24 billion) last year.

VW recalling 384,000 cars

[2013-03-21 01:11]

Volkswagen will recall 384,000 vehicles sold in China due to gearbox problems.

Peak's net profit drops 60 percent

[2013-03-12 21:22]

Hong Kong-listed sportswear maker Peak Sports Products Co said its net profit declined 60.1 percent to 310.6 million yuan ($49.83 million) in 2012.

Yum China sales up in Feb

[2013-03-12 10:19]

KFC parent Yum Brands Inc on Monday reported an unexpected 2 percent rise in February sales at established restaurants in China.

Sportswear maker 361 net profit drops 37.6%

[2013-03-06 17:25]

361 Degrees International Ltd said its 2012 net profit fell 37.6 percent to 715 million yuan.

Carlsberg Hong Kong in $461m Chongqing Brewery bid

[2013-03-05 16:55]

Chongqing Brewery Co Ltd, one of China's largest beer makers, said on Monday that Carlsberg Brewery Hong Kong Ltd has launched a partial takeover bid valued at 2.65 billion Danish krone ($461.49 million) for 30.31 percent of the company.

Toyota sales in China slumped 45.7%

[2013-03-04 16:32]

The sales in China of Toyota Motor Corp, slumped 45.7 percent year-on-year to 36,300 vehicles in February.

CIC saw 10.6% investment return ratio in 2012

[2013-03-04 15:55]

China Investment Corporation, China's sovereign wealth fund, registered a 10.6 percent return ratio on its investments last year.

Boeing expects deliveries to soar by 60% in 2013

[2013-03-02 10:10]

Boeing Co is expected to increase its deliveries to China by 60 percent this year, the head of its operation in the country said on Friday.

Enlight Media sees 48% revenue increase in 2012

[2013-02-28 21:50]

Beijing Enlight Media Co Ltd reported on Wednesday that its revenue in 2012 reached 1.03 billion yuan ($165.5 million), a year-on-year increase of 48.13 percent.

Vanke's net profits surge 30.4% in 2012

[2013-02-28 10:22]

China Vanke Co, the country's largest property developer, said Wednesday that its net profits reached 12.55 billion yuan ($2 billion) in 2012.

Suzuki to recall 13,227 cars in China

[2013-02-27 10:23]

Japanese carmaker Suzuki Motor Corp will recall 13,227 Jimny vehicles in China to fix flaws that may pose safety risks.

ZTE expects ACGR of 30% for enterprise unit over next 3 yrs

[2013-02-26 21:50]

Chinese telecom giant ZTE Corp aims to achieve an annual compound growth rate of 30 percent over the next three years for its enterprise business unit.

COFCO gets 30b yuan loan from CDB

[2013-02-26 21:38]

China National Cereals, Oils and Foodstuffs Corporation said on Monday that it has received 30 billion yuan ($4.82 billion) in loans from China Development Bank.

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