company

BEIJING: China Construction Bank Corp (CCB) plans to sell shares to raise about 75 billion yuan ($11 billion) of capital this year, said two people with direct knowledge of the matter. The Beijing-based bank may raise as much as 45 billion yuan in a private placement on the local ...
BEIJING - Daqin Railway Co said Monday its unaudited net profit was expected to rise about 50 percent from a year earlier in the first quarter as the country's economic recovery pushed up demand for coal transportation. The company's net profit was 1.46 billion yuan ($213.9 ...
BEIJING - Shandong Gold Group Co Ltd, one of China's leading gold producers, announced Saturday that it expected to see a more than 50 percent net profit rise in the first quarter this year. The eastern Shandong-based firm attributed the net profit surge to the firm's growing ...
BEIJING - China Construction Bank (CCB), the country's second largest lender, would strictly control its overseas operation risks and diversify assets in the future after exposing $1 billion to Dubai World debt, a senior executive said Friday. CCB vice president Fan Yifei told ...
BEIJING: Sichuan Shuijingfang Company Ltd, one of the country's leading white spirit producers, Friday reported a small increase in its 2009 net profit despite strong revenue growth. The high-end liquor producer said its net profit rose 2.19 percent to 320.56 million yuan ($47.14 ...
SHANGHAI: Baoshan Iron and Steel Co Ltd (Baosteel), a major Chinese steelmaker, on Thursday reported revenue of 148.53 billion yuan ($21.76 billion) and a net profit of 5.816 billion yuan in 2009, down 25.97 percent and 9.95 percent respectively year-on-year. According to its ...
BEIJING: Renowned Chinese liquor producer Kweichow Moutai Co, Ltd announced Thursday its annual net profit in 2009 rose 13.5 percent to 4.31 billion yuan ($631 million) on strong market demand. Special Coverage:2009 Annual Reports of Listed Companies Its annual business revenue ...
SHENYANG: China's largest iron mining industry company, which is located in the northeastern province of Liaoning, would double its annual production in the coming decade, sources with Angang Steel Group said Thursday. The iron mining company, which is a subsidiary of the Angang ...
BEIJING: The Industrial and Commercial Bank of China (ICBC), the world's largest bank by market value, continued to be the country's most profitable company last year as it reaped 129.4 billion yuan ($18.95 billion) of after-tax profits. So far 996 companies listed in China's ...
Bank of China (BOC) has spent six billion yuan on acquiring 4.54 percent stake in Beijing-Shanghai High-Speed Railway Corp, Oriental Morning Post reported Thursday, citing the lender's statement. The nation's third largest lender by market value completed the deal through its ...
WHITE PLAINS, New York: Starwood Hotels and Resorts Worldwide Inc opened its 1,000th hotel in the world on Wednesday along East China's Qiandao Lake, also known as the Lake of a Thousand Isles. The selection of the milestone hotel, Sheraton Qiandao Lake Resort, represents ...
BEIJING: China's leading steel maker, Baosteel, announced Wednesday that its net profit shrank 9.95 percent in 2009 year-on-year to 5.8 billion yuan ($850 million). Its total business revenue decreased 25.97 percent to 148.5 billion yuan partly due to the waning international ...
Twenty-five companies listed in the A-Share market have not given investors any dividends in the past three years despite their strong returns, according to research by Investor Journal. Altogether, 675 listed companies had released annual reports by March 25. The newspaper ...
The production capacity of Anshan Iron and Steel Group Corp (Ansteel Group) is expected to double in a decade after renovation and expansion programs, Xinhuanet.com reported Wednesday. The renovation and expansion plan of Ansteel Group's east zone (or old zone) has been formally ...
China Fiberglass Co, Ltd, a State-owned fiberglass producer based in Beijing, reported Wednesday a loss in 2009. According to its annual report filed to the Shanghai Stock Exchange, the company made a loss of about 300 million yuan ($44 million) last year, while in the previous ...
BEIJING - Yunnan Yuntianhua Co, Ltd, a chemical fertilizer and fiberglass producer in Southwest China's Yunnan province, Tuesday reported a huge profit drop last year. Profits of the company plummeted 96.69 percent year-on-year in 2009 to 30 million yuan ($4.38 million), and ...
HONG KONG: Country Garden Holdings Co, the property developer controlled by China's second-richest woman, said full-year profit rose as record lending in the country fueled home sales and price gains. Net income climbed 51 percent to 2.08 billion yuan ($305 million), or 0.1273 ...
BEIJING - Chinese textile companies should step up product innovation and industry restructuring to become more competitive, Vice Premier Zhang Dejiang said Tuesday. Zhang made the remarks at the opening of the China International Trade Fair for Apparel Fabrics and Accessories in ...
HP expects to solve most customers' laptop problems in two to three weeks, before launching a comprehensive campaign to stimulate sales and rebuild the brand. Isaiah Cheung, vice-president and general manager of Hewlett-Packard's personal systems group in Greater China, told ...
SYDNEY: China Minmetals Corp said it is conducting a review that could lead to a restart of its Avebury nickel mine in Australia, becoming the second miner in the country to consider reactivating production shut due the global financial crisis. "While this review is not an ...
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China offers inspirations to global dilemmas
China offers inspirations to global dilemmas
BEIJING, Jan. 22 (Xinhua) -- Policies of China's new leadership in the ...
Bill Gates talks nuclear
Bill Gates talks nuclear
Microsoft co-founder Bill Gates confirmed on Wednesday that he is ...
China slams Japan's NHK governor's denial of Nanjing massacre
China slams Japan's NHK governor's denial of Nanjing massacre
BEIJING, Feb. 5 (Xinhua) -- China on Wednesday slammed the remarks of ...
China's farm product pricing plan shifts to market orientation
China's farm product pricing plan shifts to market orientation
The Number One Document also proposed a new pricing plan for China's ...
IMF chief warns of risks to recovery
IMF chief warns of risks to recovery
DAVOS, Switzerland, Jan. 25 (Xinhua) -- The International Monetary ...
GM China chairman to retire
GM China chairman to retire
CHICAGO, Jan. 24 (Xinhua) -- General Motors Co. announced Friday that ...
Minivans rev up sales for GM
Minivans rev up sales for GM
Sales of General Motors and its Chinese ventures accelerated in ...
Court rejects Apple lawsuit over iPad name
Court rejects Apple lawsuit over iPad name
Shenzhen Municipal Intermediate People's Court has rejected a lawsuit ...
Chinese leader calls for more marine power
Chinese leader calls for more marine power
Chinese Vice Premier Zhang Gaoli Sunday called for research in polar ...
Lucrative golf industry lures stiff competition
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Two models stand beside golf equipment and bags at a recent golf ...
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Chinese NBA player Yao Ming teaches a boy with special needs how to ...
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Some 14 countries and regions are expected to compete in the 45th ...