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Zoomlion expects soaring profit gains for 2009

BEIJING: Zoomlion Heavy Industry Science & Technology Development Co Ltd (Zoomlion), a leading hi-tech company focused on construction machinery business in China, on Tuesday forecast its net profit in 2009 would grow 50 to 70 percent from a year ago. In a statement to the ...

Parents infusing funds worth 4.6b yuan in New Century

China Shenhua Energy Co Ltd, the nation's largest coal producer, and China Shipping Development Co Ltd will jointly invest 4.6 billion yuan ($674 million) over the next four years in a shipping venture. China Shipping Development, a listed subsidiary of China Shipping Group, the ...

Flat screen firm buys Japanese equipment

Nikon Corp said Monday it won its first Chinese supply order for flat-panel-making equipment as demand for the thin screens surges in the country. The world's second-largest manufacturer of this equipment won an order from China's largest panel-maker, BOE Technology Group for 16 ...

McDonald's chews on value of free Internet

McDonald's has become the latest catering chain to offer free Internet access to customers as more young professionals come to regard wireless online access as an essential part of life. The fast-food chain has been expanding aggressively in Beijing since last year. In 2010, it ...

China Unicom forecasts 2009 profit to plunge by 50%

Special Coverage:2009 profit forecasts of listed companies China Unicom, in October 2008, sold its Code Division Multiple Access (CDMA) business and related assets to China Telecom, the largest fixed line service provider of the country, which substantially increased the profits ...

China's Ping An Insurance profit up 1,500% in 2009

BEIJING: Ping An Insurance (Group) Co of China, the country's second-largest insurer, said in a statement to the Shanghai Stock Exchange Saturday that its net profit in 2009 would grow over 1,500 percent over the 2008 level. Special Coverage:2009 profit forecasts of listed ...

Sohu quarterly profit down

Sohu.com Inc, the Chinese Internet company that separately listed its online-games unit last year, said profit fell 43 percent, missing analysts' estimates, after the spinoff cut earnings from the subsidiary. Fourth-quarter net income declined to $32.3 million, or 76 cents a ...

Bright Dairy says back to profit in 2009

BEIJING: Bright Dairy & Food Co Ltd, one of China's leading dairy producers, said Saturday that the company was back to profit in the past year after it slipped into the red in 2008 due to the melamine scandal. Special Coverage: 2009 profit forecasts of listed companies Bright ...

China Pacific Insurance expects 2009 profit to surge 400%

BEIJING: China Pacific Insurance Group Co, the country's third largest insurer, said Jan 30 its net profit is estimated to grow at least 400 percent in 2009 from a year ago. Special Coverage:2009 profit forecasts of listed companies The insurer also attributed the sharp increase ...

China Eastern to launch new flight between Kunming, Dubai

China Eastern Airlines will launch new air service from the southwestern Chinese city of Kunming, the capital of Yunnan province, to Dubai on Feb 22, the company said Jan 30. China Eastern will operate three flights a week, including a direct one, between the two cities, a ...

Sanctions target US firms

For the first time Beijing vowed to censure private companies involved in the arms sales to Taiwan by the United States, a measure seen as concrete by experts and demanded by Chinese netizens for a long time. China said it would impose unspecified sanctions on the companies ...

China's ZET says 2009 profit jumps up to 56% on 3G business gains

Special Coverage:2009 profit forecasts of listed companies ZET Corporation, China's largest telecom equipment producer by market value, said its profit is estimated to surge up to 56 percent in 2009 benefited by large-scale construction of 3G networks. Profit is expected to total ...

Tibet Tianlu's 2009 profits jump 850%

Tibet Tianlu Co, a major road builder in Southwest China's Tibet autonomous region, Friday forecast its 2009 net profits would jump 850 percent from a year earlier. Special Coverage:2009 profit forecasts of listed companies The company said its net profits in 2008 surpassed 8 ...

2009 profit forecasts of listed companies

Chana Automobile expects 2009 net profits to soar Baotou Steel Union forecasts $190m loss in 2009 Bengang Steel Plates forecasts huge deficit for 2009 CSG Holding forecasts soaring profits for 2009 Bright Dairy says back to profit in 2009 China Datang expects 2009 profit to jump ...

Vanadium steel maker forecasts $205m loss in 2009

Panzhihua New Steel and Vanadium Co, the world's third largest producer of vanadium steel used in high-speed railroads, Friday said it expected losses of some 1.4 billion yuan ($205 million) in 2009. In a statement to the Shenzhen Stock Exchange, the company said it suffered ...

Baotou Steel Union forecasts $190m loss in 2009

Inner Mongolian Baotou Steel Union, a major steel maker in north China, Friday forecast losses of 1.3 billion to 1.7 billion yuan ($190 million to 249 million) in 2009. Special Coverage:2009 profit forecasts of listed companies Baotou Steel Union opened at 4.04 yuan per share on ...

McDonald's to invest 25% more capital in China

McDonald's Corp, the world's largest hamburger chain, said it expects to boost its capital investment in China by about a quarter this year to tap the growth of the world's third-largest economy. "We expect to increase our capital investment by 25 percent over last year," said ...

Shanghai Zhenhua Heavy Industry profit drops

Shanghai Zhenhua Heavy Industry Co, China's biggest port equipment maker, said its net profit in 2009 slumped 60 percent to 70 percent due to weak demand brought about by the global economic downturn. A decrease in the financial assets income last year also contributed to the ...

Yunnan Copper forecasts profit turnaround in 2009

Shares of Yunnan Copper Co, a copper company restructured from one of China's State-owned metal refineries, opened 2.31 percent lower at 24.58 yuan ($3.6) Friday after the company forecast a turnaround in annual net profit last year.Special Coverage:2009 profit forecasts of ...

Hainan Airlines returns to black in 2009

Hainan Airlines Co, one of China's major airlines, Friday forecast its 2009 profits would return to the black. In a statement filed to the Shanghai Stock Exchange, Hainan Airlines gave no exact figure of its net profits in 2009. Hainan Airlines suffered losses of 1.4 billion yuan ...
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