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Business / Corporate Reports

Lenovo annual profit rises 29%

[2014-05-21 15:27]

Lenovo Group Ltd, the world's fourth-biggest smartphone vendor, saw net profit grow 29 percent for the business year ended March, as strong smartphone sales helped shore up weak growth in China.

China foodmaker Tingyi Q1 net profit up 22%

[2014-05-19 15:32]

Tingyi Cayman Islands Holding Corp reported a 22.4 percent rise in first-quarter net profit as lower input prices helped drive growth in instant noodle and beverage sales.

Lenovo annual report tallies up a good year

[2014-05-22 06:53]

Lenovo is hoping to lift its combined shipment of desktops, laptops and tablet computers to be No 1 in the world within two years, overtaking Apple Inc, CEO Yang Yuanqing said on Wednesday.

China's SOEs Jan-April profits up 6.5%

[2014-05-17 11:14]

Combined profits of China's State-owned enterprises increased 6.5 percent year on year to 742.84 billion yuan ($120.54 billion) in the first four months of 2014.

Alibaba files for $1 billion IPO in US

[2014-05-08 06:42]

Founded in a Hangzhou apartment 15 years ago, Alibaba Group Holding Ltd has grown into a monster conglomerate, dominating one of China's most dynamic economic sectors: e-commerce.

CCB beats estimates with 10% profit rise

[2014-04-28 16:14]

China Construction Bank Corp (CCB), the country's second-biggest listed lender, beat estimates with a 10.4 percent rise in first-quarter net profit thanks to higher interest and fee income.

Sohu reports $79 million loss on higher expenses

[2014-04-28 17:17]

Sohu.com Inc said Monday it lost $79 million in the latest quarter due to higher expenses as its games and mobile businesses expanded.

Chinese liquor giant Wuliangye reports 28% profit drop

[2014-04-28 11:16]

Net profits of Chinese liquor giant Wuliangye Yibin Co Ltd dropped 27.79 percent to 2.62 billion yuan ($427.94 million) in the first quarter, the company said on Sunday.

China's Zhongjin Gold Q1 profits dive

[2014-04-28 10:30]

Zhongjin Gold Corp., China's largest gold producer, announced Saturday that its profits plummeted more than 66 percent in the first quarter of 2014 due to falling gold prices.

Profits of China Minsheng Bank surge in Q1

[2014-04-28 09:21]

China Minsheng Bank announced on Saturday that its net profits soared 15.08 percent year on year in the first quarter to 12.68 billion yuan ($2.06 billion).

Huarong Q1 profits up by 75%

[2014-04-23 09:25]

Huarong, one of four asset management companies the government set up in 1999 to absorb toxic assets held by China's four biggest banks.

Samsung's lackluster Q1 earnings meet expectations

[2014-04-08 11:21]

Samsung Electronics, the world's largest maker of smartphones, memory chips and flat screen, saw its first-quarter earnings reduce on faltering display panel businesses.

Audi reports record Q1 sales in China

[2014-04-05 10:34]

German car producer Audi AG reached the best first quarter of its history in China, selling 124,520 automobiles.

China Cinda profit jumps 23.6%

[2014-03-31 17:46]

China Cinda Asset Management said its net profit for 2013 rose 23.6 percent to reach 9.03 billion yuan ($1.45 billion).

Dongfeng posts strong 2013 profit

[2014-03-31 14:20]

China's Dongfeng Motor Group Co Ltd reported a better-than-expected 16 percent rise in 2013 profit due to a rebound in sales at its Japanese partners.

Huawei books quickest profit growth in four years

[2014-03-31 13:35]

In 2013, net profit rose 34.4% to $3.38 billion, China's Huawei Technologies Ltd, the world's No 2 telecommunications equipment maker, said in a statement.

Minsheng Bank 2013 net profit up 12.55%

[2014-03-31 11:01]

China Minsheng Banking Corp Ltd, a leading private bank, has reported a 12.55-percent rise in net profit for 2013.

Bank of Communications profits up 6.73% in 2013

[2014-03-31 09:56]

Bank of Communications, China's fifth largest lender, said on Sunday that its net profits reached 62.3 billion yuan in 2013, up 6.73% year on year.

China Construction Bank net profit up 11% in 2013

[2014-03-31 09:50]

China Construction Bank, China's second largest lender, said on Sunday its net profits reached 215.12 billion yuan in 2013, up 11.12% year on year.

CNOOC net profit drops 11.4 percent

[2014-03-28 21:08]

China National Offshore Oil Corp Ltd, China's largest offshore oil and gas developer, announced on Friday a net profit decline last year of 11.4 percent year-on-year to 56.46 billion yuan ($9.11 billion).

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