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Business / Corporate Reports

China Power Investment announces record profit

[2013-01-18 09:31]

China Power Investment Corp announced Thursday a record high profit of 5.33 billion yuan ($846.03 million) for 2012.

Chinese military manufacturer profits up 18.7%

[2013-01-17 16:56]

China North Industries Group Corp, the country's largest defense equipment manufacturer, said Thursday that its profits jumped 18.7 percent year-on-year.

New China Life premium income up 3% in 2012

[2013-01-17 14:56]

The premium income of New China Life Insurance Co Ltd grew 3 percent to 97.7 billion yuan ($15.5 billion) in 2012.

WeChat attracts 300m users

[2013-01-17 11:03]

The number of people using WeChat, a voice-messaging service developed by the Internet giant Tencent Holdings Ltd, has hit 300 million.

Zhongwang gets $200m syndicated loan

[2013-01-16 16:20]

China Zhongwang Holdings Ltd signed a $200 million three-year syndicated term loan facility with a consortium of 15 financial institutions.

Subaru maker targets 6% sales increase for 2013

[2013-01-16 14:27]

Fuji Heavy Industries Ltd, the maker of Subaru cars, targets a 6 percent increase in global sales, spurred by the introduction of a new Forester SUV model.

Telecom firm sets goal of 200m users

[2013-01-15 10:53]

China Telecom Corp Ltd, China's biggest fixed-line carrier, expects to boost the number of its mobile users to 200 million this year.

Volkswagen's 2012 sales up 24.5% in China

[2013-01-15 09:56]

Multi-brand German carmaker Volkswagen AG announced Monday that it sold 2.81 million vehicles to Chinese customers in 2012.

CITIC Telecom raises CTM stake to 99%

[2013-01-14 17:17]

CITIC Telecom International Holdings will raise its stake in a Macao local phone operator to 99 percent.

Poly Real Estate profits rise 28.69%

[2013-01-14 11:01]

China's second-largest property developer, has reported a profit surge for last year, as the market picked up amid government efforts to stabilize growth.

Great Wall Motors reports 28% sales growth in 2012

[2013-01-12 15:18]

Great Wall Motors, a private Chinese carmaker, Saturday said it outperformed the average growth of the whole industry last year with a 28 percent increase in vehicle sales in terms of units.

Geely's Dec sales up 24% year-on-year

[2013-01-11 14:39]

Zhejiang Geely Holding Group, the largest private automaker in China, achieved a new sales record in December with 59,564 cars sold, up 24 percent year-on-year.

Baosteel 2012 profits surge 40%

[2013-01-11 11:17]

Net profit at Baoshan Iron & Steel Co surged 39.98 percent year-on-year in 2012 as the firm sold some of its assets.

Rolls-Royce sees record car sales for 2012

[2013-01-11 10:18]

Rolls-Royce Motor reported record car sales in 2012 with the United States and China remaining as its most significant individual markets.

Benxi Steel's sales revenue up 10% year-on-year

[2013-01-10 17:20]

Benxi Steel Group Corp's sales revenue exceeded 100 billion yuan ($16 billion) in 2012, up 10 percent year-on-year, the company said.

Port of Dalian shipped 179,900 cars in 2012

[2013-01-10 16:54]

The Port of Dalian said that it shipped 179,900 cars and handled about 1.65 million passengers in 2012.

Pactera's board approves $30m stock redemption plan

[2013-01-10 16:50]

Pactera Technology International Ltd said that its board of directors approved a stock redemption plan valued at $30 million.

Hyundai to recall 2,864 imported cars in China

[2013-01-10 15:33]

Hyundai Motor Group (China) Ltd will start a recall of its imported Veloster cars in the Chinese mainland from Jan 15.

HNA Group gets revenue of 120b yuan in 2012

[2013-01-09 16:58]

HNA Group, the parent company of Hainan Airlines, generated revenue of more than 120 billion yuan ($19.28 billion) in 2012, Chen Feng, the company's chairman said.

Everbright Bank gets net profit of 23.6b yuan in 2012

[2013-01-09 14:42]

China Everbright Bank said its 2012 net profit was 23.6 billion yuan ($3.8 billion), up 30.74 percent or 5.6 billion yuan year-on-year.

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