Alibaba.com (1688 HK) had a net profit of 693 million yuan in the first half, growing by 39.8 per cent year-on-year. Turnover amounted to 2.586 billion yuan in the six months ended June 30, rising 49 per cent year-on-year. (SingTao Daily B2)
Due to the increase in net interest spread and loan proceeds, China Minsheng Banking (1988 HK) first half net profit recorded over 20 per cent growth to 8.866 billion yuan, better than market estimates. Earnings per share were 0.4 yuan. No interim dividend was declared. (SingTao Daily B1)
China Overseas Land & Investment (688 HK) recorded July sales of HK$4.95 billion, with sales area of 424,000 sqm, up 21 per cent and 0.5 per cent yoy respectively. Sales amounted to HK$33.05 billion for the first 7 months. (Hong Kong Economic Times A12)
China South Locomotive & Rolling Stock (1766 HK) saw interim net profit climb 76.27 per cent yoy to 1.104 billion yuan on an increase in gross profit. No interim dividend was declared. (Hong Kong Economic Times A12)
China Zhongwang (1333 HK) had a net profit of 2.092 billion yuan in the first half, rising 29 per cent. Earnings per share were 0.39 yuan. No interim dividend was paid.
(SingTao Daily B2)
Giordano International (709 HK) expects interim profit to increase sharply and to be more or less in line with the trends discussed in Q1 operations update. Q1 turnover went up 4.9 per cent and gross profit went up 32.5 per cent. (Hong Kong Economic Times A12)
(1052) GZI TRANSPORT LIMITED
1H NET 238M YUAN; SOARS 53% GZI Transport had a net profit of 238 million yuan for the six months ended 30 June 2010, soaring 53 per cent. Earnings per share were 0.14 yuan. An interim dividend of 10 HK cents was declared. (SingTao Daily B2)
Huadian Power (1071 HK) has signed an agreement with Inner Mongolia Huashi Xiangtai Trading Company Limited for acquiring a 20% equity interest in Otog Front Banner Zhengtai Trading Company Limited recently. Zhengtai Company legally holds the exploration rights of Manghatu coal mine and it plans to commence operation by the end of 2011. The consideration for the acquisition was around 268 million yuan. (SingTao Daily B2)
Huaneng Power International’s (902 HK) interim net profit went up 3.32 per cent to 1.932 billion yuan as fuel cost rose sharply during the period. No interim dividend was declared. (Hong Kong Economic Times A12)
Hutchison Whampoa (13 HK) managing director Canning Fok Kin-ning increased shareholding by 1 million shares in the company at an average price of HK$56.75 on August 6, involving around HK$57 million. Canning Fok’s interests in Hutchison Whampoa increased from 0.11 per cent to 0.14 per cent upon completion of shareholding increase. (SingTao Daily B1)
i-CABLE Communications (1097 HK) lost HK$146 million for the six months ended June 30. Turnover rose 11.7 per cent to HK$962 million during the period. No interim dividend was declared. (Hong Kong Economic Times A10)
Semiconductor Manufacturing International (981 HK) posted a profit of US$96 million for the six months ended 30 June 2010, returning to the black. Net income per ADS was US$0.2. (SingTao Daily B2)
Shangdong Weigao Group (1066 HK) recorded a net profit of 335.53 million yuan in the first half, increasing by 30 per cent. Earnings per share were 30.2 fens. The company declared no interim dividend but proposed to distribute one bonus share for every share held. (SingTao Daily B2)
Wumart Stores (8277 HK) posted net profit of 280 million yuan for the six months ended 30 June, up 20 per cent yoy. Basic earnings per share were 0.22 yuan. Revenue was 6.72 billion yuan during the period. (Hong Kong Economic Journal P10)
Zhuzhou CSR Times Electric (3989 HK), subsidiary of China South Locomotive & Rolling Stock (1766), posted interim net profit of 516 million yuan, up around 1.5 times yoy, as turnover and gross profit rose over 1 times during the period. No interim dividend was declared. (Hong Kong Economic Times A12)
Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard
