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Business / Corporate Reports

Cosco 2013 annual report

[2014-03-28 19:22]

China Ocean Shipping (Group) Co, the country's largest maritime transportation company, swung back to the black in 2013, helped by port business, asset sales and China’s surging demand for more foreign goods and commodities.

COSCO back to black, saved from delisting

[2014-03-28 15:25]

China Ocean Shipping (Group) Co swung back to the black in 2013, helped by asset sales and the new development of its e-commerce platform for the shipping business.

China's industrial profit up 9.4%

[2014-03-27 13:35]

Chinese industrial businesses saw their profits rise 9.4% year on year in the first two months of 2014, official data showed on Thursday.

China Life annual profits up 123.9%

[2014-03-26 10:39]

China life Insurance Co Ltd , the country's largest life insurer, announced that its net profit in 2013 surged 123.9 percent year on year to 24.765 billion yuan.

Tingyi 2013 net profit down 10.9%

[2014-03-24 17:20]

Tingyi Cayman Islands Holding Corp, China's largest food and beverage maker by sales, saw annual 2013 net profit fall 10.9%, missing forecasts.

Sinopec 2013 net profit up 3.5%

[2014-03-24 09:34]

China Petroleum and Chemical Corporation (Sinopec), the country's largest oil refiner, announced Sunday its net profits rose 3.5% year on year in 2013.

China Mobile 2013 profit falls 5.9%

[2014-03-20 18:04]

China Mobile Ltd, the world's largest mobile carrier by subscribers, will spend more this year to bolster its 4G mobile network to counter its first annual profit drop in 14 years.

BYD sales up 13% in 2013

[2014-03-20 16:11]

China's private automotive and battery manufacturer BYD announced on Wednesday in a financial statement that it earned 52.9 billion yuan ($8.5 billion) in sales in 2013.

Ping An bank net profit up by 13.64%

[2014-03-07 17:04]

Ping An Bank, the banking business of the world's second-largest insurer by market capitalization, reported net profit for 2013 was up by 13.64%.

Adidas sales in China grow by 7%

[2014-03-05 20:36]

Sales for the adidas Group in China grew 7 percent in 2013, according to its annual financial results.

Aluminum Corp goes back into black in 2013

[2014-03-03 16:17]

Aluminum Corp of China has turned back into the black, with its 2013 earnings report showing the company made a profit of 173 billion yuan ($28 billion) last year, up 16% year-on-year.

20% of Baidu's Q4 revenue from mobile

[2014-02-27 15:38]

Baidu, which announced its unaudited financial results for the fourth quarter late on Wednesday, said 20% of revenue in Q4 came via mobile, up from 10% in Q2.

Ferrari sees record '13 revenue despite lower deliveries

[2014-02-19 16:13]

Italy's Ferrari posted a 5 percent rise in 2013 revenue to a record 2.3 billion euros ($3.15 billion).

Bentley in high gear despite fall in sales

[2014-02-18 16:01]

Bentley opened 12 showrooms in the country in just four months in 2013. Total new showrooms around the world in the same period were only 14.

Chinese commercial bank profits up in 2013

[2014-02-15 14:20]

China's commercial lenders posted 1.42 trillion yuan ($232.79 billion) in net profits in 2013, up 14.5 percent from a year earlier, the China Banking Regulatory Commission said on Friday.

GM says Jan China car sales up 12% YOY

[2014-02-12 14:07]

General Motors Co and its Chinese joint ventures sold 348,061 vehicles in China in January, a 12 percent increase from a year earlier.

Chrysler Group sees 11% rise in '14 revenue to $80b

[2014-01-30 14:07]

Chrysler Group LLC, which is owned by Fiat SpA, on Wednesday said its revenue would rise 11 percent to about $80 billion in 2014.

Toyota retains global auto sales crown in 2013

[2014-01-24 15:14]

The Japanese carmaker sales rose two percent to 9.98 million and beat out US rivals General Motors Co and German Volkswagen AG for the second year.

Lenovo to buy IBM server unit

[2014-01-24 09:32]

Lenovo Group Ltd, the world's biggest personal computer maker, will buy IBM Corp's x86 server unit for $2.3 billion, Lenovo said on Thursday.

Honda overtakes Toyota in Thailand sales

[2014-01-23 17:38]

Toyota has lost its passenger-car crown in Thailand to arch-rival Honda for the first time in history, finishing about 3,000 units behind.

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