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Business / Corporate Reports

BofA exits China's CCB with $1.5b sale

[2013-09-04 14:21]

Bank of America raised $1.47b by selling its remaining stake in China Construction Bank, generated a paper profit more than five times the original cost.

Demand drives solid H1 results for automakers

[2013-09-04 07:44]

Most of China's major listed automakers reported profits in the first half of the year, as the country's automobile market went back to double-digit growth.

Nokia sale creates waves

[2013-09-04 07:44]

Microsoft Corp's acquisition of Nokia Corp's mobile business is not likely to introduce a real comeback for the latter in the world's smartphone industry.

Chalco's investment yields reduced H1 net loss

[2013-09-02 16:46]

Shanghai-listed Aluminum Corp of China Ltd, posted a first-half net loss of 623.8 million yuan ($101.9 million), an 80.82 percent year-on-year decrease.

China reveals top 500 companies

[2013-08-31 16:45]

The 2013 edition of the Top 500 Chinese Enterprises list was unveiled on Saturday, with China's oil giant Sinopec Group topping the list for a ninth year.

Better times for insurers as profit surge

[2013-08-31 08:17]

Insurers benefited from the performance of the nation's equity market, which significantly increased their investment returns in the first half.

Private companies fared poorly in '12

[2013-08-30 09:36]

China's large private-sector companies turned in a weak performance in 2012, with revenue growth slowing and profits contracting.

Suning tops China's private company list

[2013-08-30 09:21]

Home appliance retailer Suning Commerce Group Co Ltd headed the 2013 list of China's top 500 non-state-owned enterprises.

ICBC posts 12.4% increase in H1 net profit

[2013-08-29 17:35]

Industrial and Commercial Bank of China said that its net profit rose 12.4 percent year-on-year in the first half of the year to $22.34 billion.
Agricultural Bank sees profit rise
China Everbright Bank's profits rise 15.5%
CCB sees 12.63% increase in net profits

Agricultural Bank sees profit rise

[2013-08-29 10:13]

Agricultural Bank of China Ltd's net interest income stood at 180 billion yuan ($29.4 billion) in the first half of 2013, up 12.2 billion yuan year-on-year.

PICC net profits up 53.2% in H1

[2013-08-28 09:10]

People's Insurance Company (Group) of China (PICC) said its net profits hit 7.54 billion yuan in the first half of 2013, up 53.2 percent year-on-year.

Sinopec's business back to profit

[2013-08-27 06:50]

Company posted 213m yuan in operating income from refineries

China Everbright Bank's profits rise 15.5%

[2013-08-27 08:56]

Net profits at China Everbright Bank, a mid-sized lender, rose 15.46 percent in the first half of 2013 to 14.92 billion yuan, the bank said on Monday.

China Construction Bank net profit up 12.63% in H1

[2013-08-26 09:03]

China Construction Bank (CCB), said its net profit rose 12.63 percent in the first half year from a year earlier.

Sinopec profit up 24.1% in H1

[2013-08-26 09:01]

The net profit of China Petroleum and Chemical Corporation (Sinopec), rose 24.1 percent in the first half of 2013 from a year earlier.

Profits of China's SOEs pick up

[2013-08-21 11:14]

China's state-owned enterprises (SOEs) saw their profits pick up for three months in a row to the end of July.

HTC smarter at marketing

[2013-08-21 08:04]

Taiwan-based HTC Corp aims to become one of the top three smartphone vendors in the Chinese market in two to three years through product offerings and branding, the company's chief marketing officer said on Tuesday.

CNOOC net profit rises 7.9% in first half

[2013-08-21 09:06]

Net profit at China National Offshore Oil Corp rose 7.9 percent in the first half of 2013, the company said Tuesday.

L'Oreal proposes to acquire China's Magic Holdings

[2013-08-16 13:32]

French cosmetics giant L'Oreal announced Thursday its intention to acquire all the shares of China's Magic Holdings International Limited.

Chinese liquor giant reports slower profit growth

[2013-08-15 14:52]

Chinese liquor giant Wuliangye Yibin Co Ltd reported net profits of 5.79 billion yuan ($946 million) in the first half of 2013, up 14.76 percent year on year.

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