Business / Corporate Reports

Baotou Steel's rare earths profit to drop 50%

[2013-01-30 15:27]

Baotou Steel Rare-Earths (Group) Hi-Tech Co's net profit in 2012 is expected to decline about 50 to 60 percent.

Profits surge expected for Huaneng Power

[2013-01-29 13:35]

Huaneng Power International Inc, the publicly traded unit of China's largest electricity producer, expects a surge of more than 340 percent in annual net profits in 2012.

Huawei becomes world's 3rd-largest smartphone vendor

[2013-01-29 10:23]

Chinese telecom giant Huawei Technologies Co Ltd emerged as the world's third-largest smartphone vendor in the fourth quarter of 2012.

Michelin opens $1.5b factory in Shenyang

[2013-01-29 10:13]

The French tire maker Michelin Group has invested nearly $1.5 billion, its largest single investment in China, to open its biggest factory in Shenyang.

Li Ning shares dive 14% on fund-raising plan

[2013-01-26 15:42]

Shares of Li Ning Co Ltd fell more than 14 percent on Friday after the sportswear brand said it would issue up to HK$1.87 billion in convertible securities to fund its restructuring.

Moutai's 2012 net profit lower than expected

[2013-01-25 16:24]

Kweichow Moutai Co Ltd, China's high-end liquor producer, has reported net profit for the 2012 fiscal year increased by around 50 percent year-on-year, lower than expectations.

Apple's sales in China jump 67% last quarter

[2013-01-25 10:05]

Apple Inc's sales in China surged 67 percent year-on-year during the quarter ending Dec 29, but analysts warned more intensified competition.

SDIC's 2012 profits up 18%

[2013-01-24 15:52]

State Development and Investment Corp reported that its profits jumped 18 percent year on year to 11.2 billion yuan ($1.78 billion) in 2012.

Coach had 40% sales growth in China

[2013-01-24 15:52]

Coach Inc, the United States-based fashion brand, achieved very strong results in China for its second fiscal quarter ended Dec 29 with total sales growing 40 percent year-on-year.

Minmetals Development reports losses in 2012 net profit

[2013-01-24 13:50]

Minmetals Development said it did not overcome headwinds brought by shrinking demand, forecasting net profit losses in 2012.

Sinopec's 2012 oil, gas output slightly up

[2013-01-24 11:07]

Sinopec Corp, China's largest oil refiner, saw its oil and gas output rise 4.83 percent year on year in 2012 to 427.62 million barrels of oil equivalent.

870 Bulgarian yogurt shops to open in China

[2013-01-24 09:29]

Zhejiang Shangzheng Commerce and Trade and Walmart China would jointly open 852 shops for Bulgarian yogurt by the end of 2014.

Carrefour China revenues grow 10.8%

[2013-01-23 17:09]

Carrefour Group, the European retail giant, has revealed a 10.8 percent surge in operating revenues in China to 5.58 billion ($7.4b) euros during 2012.

Chinese firm to invest $1.36 b in Chile

[2013-01-23 14:13]

China's Sky Solar Holdings, a solar-energy developer, plans to invest $1.36 billion in Chile, the firm announced Tuesday.

Suning doubled its sales in 2012

[2013-01-18 16:21]

Suning Appliance Co Ltd said last year's sales revenue hit 18 billion yuan, up 211 percent year-on-year, despite the country's slowing economy and lackluster real estate market.

Enlight Media's 2012 net profit surges year-on-year

[2013-01-18 15:13]

Beijing Enlight Media Co Ltd said late Thursday its annual net profit in 2012 was between 281.28 million yuan ($45.26 million) and 316.44 million yuan.

Gree's 2012 net profit surges

[2013-01-18 14:58]

Gree Electric Appliances Inc said Friday its net profit last year was 7.38 billion yuan ($1.19 billion), up 40.88 percent year-on-year.

Minmetals' annual profits drop 37 percent

[2013-01-18 10:24]

China Minmetals Corp, the nation's largest metals trader, has recorded a 37 percent drop in annual profits to 8 billion yuan ($1.3 billion).

Airbus delivered 125 aircraft to China in 2012

[2013-01-18 10:09]

Airbus delivered 125 new aircraft to Chinese operators in 2012, accounting for over 20 percent of its global deliveries during the period.

Volvo sales drop defies surging luxury sector

[2013-01-18 10:04]

Swedish carmaker Volvo Car Corp, owned by Chinese group Zhejiang Geely Holding Group, has reported a 10.9 percent sales decline in China.

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