Aluminum Corporation of China (2600 HK) recorded a loss of 4.643 billion yuan amid financial crisis and prolonged low price of aluminum. No final dividend was declared for the year 2009. (Hong Kong Economic Journal P.6)
An insider disclosed that CCB (939 HK) might raise more than 40 billion yuan and Central Huijin, its major shareholder, would be a part of the re-financing plan. Analysts estimated that CCB is very likely to issue A-shares convertible bonds and new H-shares to lower any impact on A-shares market. (Sing Tao Daily B13)
China Resources Land (1109 HK), new blue-chip constituent of Hang Seng Index, posted a profit of HK$4.4 billion for the year 2009, up 1.2 times. The growth in core profit, after deducting gains on property appreciation of around HK$2.3 billion, was below expectations. Earnings per share was 90 HK cents and a final dividend of 18.3 HK cents per share was declared.
Guangzhou Pharmaceutical (847 HK) earns 241 million yuan, up 18.1 per cent compared with a year ago. Income from operations for the period reached 3.802 billion yuan, up 10.2 per cent year-on-year. Earnings per share was 0.265 yuan. A final dividend of 5 fens per share was declared. (Hong Kong Economic Journal P.6)
Automobile sales for Great Wall Motor (2333 HK) in the year 2009 grew more than 6.87 times, driving its net profit up 99.4 per cent to 1.023 billion yuan. A final dividend of 0.25 yuan per share was declared. (Hong Kong Economic Times A12)
Long Success International (8017 HK) would acquire 60 per cent equity interest for HK$280 million in the BVI Company. The joint venture will mainly engaged in production and sales of biodegradable resin. (Hong Kong Economic Journal P.6)
Zhongsheng Group (881 HK) jumped by 7 per cent in the debut on the Hong Kong bourse, closing at HK$10.72. Shareholders earned HK$360 per share. (Sing Tao Daily B12)
China Petroluem (386 HK), Asia’s biggest refiner, announced its first acquisition of a foreign oil field stake. The company also reported its 2009 profit, which more than doubled to 61.8 billion yuan. Earnings per share were 71.2 fens. A final dividend of 11 fens per share was declared. (Sing Tao Daily B14)
China Huiyuan (1886 HK) reported a profit of 233 million yuan for the year 2009, up 1.6 times compared with a year ago. Losses per diluted share were 6.9 fens. A final dividend of 4 fens per share was declared. (Hong Kong Economic Journal P2)
China Shipping (1138 HK) reported a profit of 1.056 billion yuan for the year 2009, down 80.2 per cent compared with a year ago. Earnings per share were 31.28 fens. A final dividend of 10 fens per share was declared. (Sing Tao Daily B13)
Geely Autonmobile (175 HK), a Chinese car producer, bought Volvo Cars from Ford Motor Co. for $18 billion. The deal was the biggest overseas acquisition by a Chinese automaker. (Hong Kong Economic Journal P4)
PetroChina (857 HK), the world's biggest company by market value, plans to invest up to US$600 billion yuan in the next eight to ten years in five cooperation zones including central Asia and Africa, according to the CEO. The total production of gas and oil will achieve 400 million tons, with a half coming from abroad. (Hong Kong Economic Times A3)
United Company Rusal (486 HK) is in talks on financing two new production plants. The two plants are expected to boost the firm's annual capacity by one million tonnes of aluminum.(Sing Tao Daily B14)
Weiqiao Textile (2698 HK) reported a profit of 892 million yuan, up 49.7 per cent compared with a year ago, mainly due to the increasing domestic demand. Earnings per share were 0.75 yuan. A final dividend of 23.35 fens per share was declared. (Hong Kong Economic Times A8)
Zhaojin Mining (1818 HK) reported a better-than-expected earnings of 751 million yuan for the year 2009, surging 40 per cent year on year, helped by gold price increase and production growth. Earnings per share were 0.52 yuan. A final dividend of 0.22 yuan per share was declared. (Hong Kong Economic Journal P10)
Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard
