Manufacturing
China BlueChem posts first quarter profit at CNY1bn
China BlueChem posts first quarter profit at CNY1bn
The company’s sales volume of primary products – such as urea, phosphate fertilizers and methanol – have all hit record highs.
China Rongsheng Heavy Industries inks CNY30bn deal with China Development Bank
The deal to step up the company’s development of high-end offshore engineering equipment manufacturing operations.
Shanshui Cement profit surges 206.5% TO RMB1.2bn
The company continues to expand production capacity and consolidate market leadership.
Xingda half year profit reaches RMB314mn
The company is making good progress in expanding its clientele and will continue to place efforts toward increasing sales orders for sawing wires.
AAC Technologies profit up 33% to RMB509mn
The company sees potential in acquisitions and continuous internal R&D investment in acoustic, optic, haptic, antenna, and battery applications .
Sinoref Holdings profit drops 22% to RMB54.6mn
The group actively expands local and overseas customer base in preparation of its new production line launching.
Lenovo president Rory Read named CEO of AMD
The PC maker has no immediate plans to name a Read’s replacement.
China Metal Recycling profit up 148.5% to HK$1bn
Credit tightening in China provided a favorable business environment to the company as weaker rivals faces financing difficulties.
Man Yue Technology profit up 40.2% to HK$74mn
The company’s ESS unit eyed to take off and contribute revenue starting next year.
Chemical unit of Yip’s Chemical among top 20 global ink companies
Bauhinia Variegata Ink is the first Chinese ink company to be chosen among international leaders.
Tongda Group profit up 18.1% to HK$102.12mn
The group maintains stable sales and profit growth amid global economic instability and aftermath of Japan earthquake.
Telefield first half profit down slightly to HK$27mn
Yet revenue climbed 21.8% to HK$598.4mn with new products in the pipeline to drive future growth.
Dah Chong Hong profit jumps 63.5% to HK$801mn
Strong growing momentum in China contributed 72.8% of the group’s turnover.
Lenovo Q1 profit almost doubles
Its shares however retreated almost 3%.
Royale Furniture profit up 50.8% to HK$90.5mn
Unique growth strategies and expansion plans boosted revenue and profit growth.
China Wireless first half profit down to HK$119mn
Despite 44.0% rise in turnover, the group’s “Coolpad” 3G smartphones in the mid- to low-end market in China faced tough competition.
China Resources Cement profit up 236.8% to HK$2.04bn
The company extended the Company’s geographical coverage from Southern China to Shanxi and Inner Mongolia through acquisitions.
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