Business / Corporate Reports

Zijin Mining posts worsening H1 results

[2013-08-15 11:11]

Zijin Mining Group Co, China's largest gold producer by output, announced a 54 percent year-on-year slump in net profits in the first half of 2013.
China's gold consumption surges in H1

SPD Bank H1 profit up 12.76%

[2013-08-14 15:31]

Shanghai Pudong Development Bank reported net profits of 19.39 billion yuan ($3.14 billion) in the first half of 2013, up 12.76 percent year on year.

HBIS acquires S African copper producer

[2013-08-14 15:10]

Hebei Iron and Steel Group Co Ltd has acquired a 74.5 percent stake in a South African mining company, sources with the company said Wednesday.

PetroChina poised to dominate Iraqi oil

[2013-08-13 23:53]

PetroChina Co, China's largest oil explorer, may join with United States-based energy giant Exxon Mobil Corp to co-develop the West Qurna oilfield in Iraq, which would make the Chinese company the biggest single foreign investor in the Iraqi oil industry.

Industrial Bank H1 profit up 26.52%

[2013-08-13 13:30]

Industrial Bank, one of China's second-tier shareholding commercial banks, reaped 21.64 billion yuan ($3.5 billion) in net profits in the first half of 2013.

China has 442,000 foreign-funded companies

[2013-08-12 17:09]

Some 442,000 foreign-invested companies had been set up in China by the end of July, up 0.26 percent from a month earlier.

Rio Tinto says H1 profit down by 71%

[2013-08-08 17:45]

Mining giant Rio Tinto on Thursday announced that its profit for the first half of 2013 stood at $1.72 billion, a 71 percent drop year-on-year.

PC shipments slide in 2nd quarter

[2013-08-08 06:38]

Personal computer shipments in the Asia-Pacific region declined 0.5 percent year-on-year to just over 40 million units in the second quarter of this year.

Slower profit growth to hit central SOEs

[2013-07-30 08:11]

Maintaining profit growth of more than 10 percent will be a very tough task for central State-owned enterprises.

Sales surge in June, but downdraft looms

[2013-07-29 07:20]

Sales of light vehicles - including passenger and light commercial vehicles - in June continued May's trends, rising 8.5 percent year-on-year to 1.72 million units.

Great Wall sales volume surges 40% in H1

[2013-07-29 14:08]

Great Wall Motor Co, China's largest SUV maker, sold 367,857 vehicles in the first half of the year, up 40 percent from the same period last year.

Huawei H1 sales revenue up 10.8%

[2013-07-24 15:52]

Huawei's sales revenue in the first six months of this year reached 113.8 billion yuan ($18.4 billion), up 10.8 percent year on year.

Firms find branding efforts pay

[2013-07-23 07:19]

Privately owned enterprises have seen their brand value increase in the past year as more attention is paid to brand building.

Volkswagen sales up 19% in China

[2013-07-11 15:57]

In the first half of 2013, Volkswagen saw a 19.4 percent growth in the sales of its passenger brands, with 1.2 million units sold in the Chinese market.

Mazda China sales drop third straight year

[2013-07-10 13:58]

Sales for Mazda China have been in decline since 2011. For the first half of 2013 sales were at 82,531 units, down 20.6 percent compared with the same period last year.

Mercedes sales improved in first half

[2013-07-08 07:42]

Though Mercedes-Benz has recovered from the sales figures it saw in 2012, the new president and CEO of the China operations, is still not satisfied.

GM China's sales rise 11% in June

[2013-07-05 14:33]

General Motors said June sales in China rose nearly 11 percent year-on-year to 236,207 units on strong demand for SUVs and premium models.

Nissan 2013 H1 sales result in China

[2013-07-04 16:33]

Retail sales for Dongfeng Nissan in the second quarter of 2013 surpassed prior year results by 1.9 percent. The company showed signs of recovery.

Ford China sets H1, June sales records

[2013-07-05 14:41]

Driven by continued strong demand for the all new Ford Focus, Ford Kuga and Ford Transit, Ford China's sales soared in the first half of 2013.

Volkswagen China sales grow by 20%

[2013-05-14 23:13]

German auto giant Volkswagen said on Tuesday that its passenger car sales in the first four months of 2013 rose 5.3 percent, thanks to strong demands from China and North America.

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