China Resources (597 HK) Microelectronics posted a turnover of HK$3 billion, a slight drop of 2.6 per cent compared with a year ago. The company lost HK$182 million in 2009, including a HK$190 million impairment loss on its investment in CSMC Asia. (Hong Kong Economic Journal P6)
China Travel International Investment Hong Kong (308 HK) is planning to list its superior business on Hong Kong bourse and the proposal is likely to be announced this year. The company will also focus more on financing activities, including a five-star hotel project in northern China and a property development in Zhuhai, according to its CEO. (Hong Kong Economic Times A10)
China Pharmaceutical Group (1093 HK) recorded a 3 per cent increase in revenue for the year 2009, amounting to HK$7.037 billion yuan. The capital expenditure of this year will be HK$600 million yuan, HK$200 of which will be used for new product developing. Earning per share were 63.24 HK cents. A final dividend of 24 HK cents per share was declared. (Hong Kong Economic Times A10)
Li Ning Company (2331 HK), a Chinese sports-shoe and clothing maker founded by a former Olympic gymnast, said the amount of orders increase 20 per cent in the third quarter compared with that of 2009. The retail price of clothes products rises 7.6 per cent and the shoe products goes up 1.1 per cent. (Sing Tao Daily B3)
Mainland developer Shenzhen Investment (604 HK) said its sale target this year is 4.5 billion yuan and the average price of the residential projects will be 10,000 yuan per square meter. The company also said it aims to raise 3.8 billion yuan via H shares for property development this year. (Sing Tao Daily B3)
Sing Tao News Corporation (1105 HK) turns to black with a profit of HK$114 million last year compared with a loss of HK$142 million in 2008. Earnings per share were 14.32 HK cents. A total dividend of 4 HK cents per share including final dividend of 3 HK cents per share was declared. (Sing Tao Daily B3)
Tianjin Development Holdings (882 HK) posted a net loss of HK$195 million last year, compared with a gain of HK$525 million a year ago, mainly due to a one-off impairment loss in the roll roads operation. No final dividend was declared. (Hong Kong Economic Times A10)
For the cement equipment business, China National Materials (1893 HK) received orders of around 50 billion yuan ended December 2009. Among the orders, around 37.5 billion yuan was overseas orders and 12.5 billion yuan was domestic orders. (Hong Kong Economic Times A13)
First Tractor (38 HK) reported a net profit of 244 million yuan for the year 2009, up near 2.6 times, helped by a rise in operating revenue by 13.1 per cent. A final dividend of 12 fens yuan per share was recommended. (Hong Kong Economic Times A13)
GOME Electrical Appliances (493 HK) saw a profit of 1.409 billion yuan, up sharply by 34 per cent. Nomura raised its target price for the company to HK$4.1. Its share price closed at HK$2.94, up 2.8 per cent. (Hong Kong Economic Times A12)
Harbin Power Equipment (898 HK) posted a net profit of HK$424 million for the year 2009, up 7.33 times. A final dividend of 0.5 HK cents per share was proposed, up 11 per cent form the same period last year. (Sing Tao Daily B11)
Oriental Explorer (430 HK) returned to the black and recorded a net profit of HK$34.35 million for the year 2009. No final dividend was declared. (Sing Tao Daily B11)
Ping An Insurance (2318 HK) said it expected to post a net profit of 11.83 billion yuan for the year 2009, surging around 44 times from the 268 million yuan recorded in 2008. (Hong Kong Economic Journal P.4)
Powerlong Real Estate (1238 HK), listed since October last year, posted a net profit of 3.04 billion yuan, up 2.26 times. Revenue for the period rose 1.6 times to 4.14 billion yuan. A final dividend of 6 fens yuan was recommended. (Hong Kong Economic Times A13)
Xtep International (1368 HK) said purchasing orders secured for the first three quarters of 2010 rose by 21 to 22 per cent year-on-year. The company expects another 20 per cent increase for the forth quarter. The company is planning to open 800 to 1,000 stores across 2nd-3rd tier cities in the country this year, including five to eight would be flagship stores. (Sing Tao Daily B11)
Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard
