IPO: Trony Solar Holdings plans to list in Hong Kong next month to raise up to 250 million dollars, with JP Morgan as sponsor. The company, headquartered in Shenzhen, planned to list in the US in the end of last year but shelved the plan because of market conditions. (Hong Kong Economic Journal P10)
Belle International (1880 HK) saw 37 per cent growth in net profit to 1.56 billion yuan for the six months ended June 30. Gross profit margin increased by 3.2 percentage points to 55.6 per cent. Revenue went up 19.8 per cent to 11.15 billion yuan. Earnings per share were 18.44 fens, rising 36.9 per cent. An interim dividend of 5 fens per share and a special dividend of 10 fens each were paid. (SingTao Daily B2)
Century City International Holdings (355 HK) posted net profit of HK$230.6 million for the six months ended 30th June, up 87 per cent. Turnover dropped 55.5 per cent to HK$51.2 million. Earnings per share amounted to 9.64 HK cents. The company declared the payment of an interim dividend of 0.4 HK cent. (Hong Kong Economic Journal P6)
China National Materials Company (1893 HK) recorded net profit of 448 million yuan for the six months ended 30 June, up 45.28 per cent yoy. Earnings per share was 0.126 yuan. No interim dividend will be paid. (Hong Kong Economic Journal P10)
China Singyes Solar Technologies (750 HK) posted net profit of 59.39 million yuan in 1H, up 11.8 per cent. Turnover amounted to 688 million yuan. Earnings per share was 0.121 yuan. No interim dividend will be paid. (Hong Kong Economic Journal P10)
AIG (235 HK) does not intend to sell equity interest in Nan Shan Life Insurance to any third parties other than China Strategic and Primus Financial, foreign media reports. It is also reported that AIG is confident the deal can get approval from Taiwan regulatory authority. China Strategic share price finished nearly 2 per cent higher to HK$0.52 yesterday. (SingTao Daily B4)
China Yurun Food (1068 HK) saw net profit climb 55.7 per cent yoy to HK$1.309 billion for the six months ended 30 June. Turnover went up 49 per cent to HK$8.693 billion. Gross profit margin decreased by 1.2 percentage points to 15.5 per cent. The company declared an interim dividend of HK$0.2 per share. (Hong Kong Economic Times A13)
Cosco Pacific (1199 HK) recorded profit attributable to shareholders of US$189.9 million, surging 81.9 per cent. Sales revenue rose 40 per cent to US$223 million. Earnings per share went up 70.8 per cent to 7.96 US cents. An interim dividend of 13.7 HK cents per share and a special dividend of 11.1 HK cents each were declared. (SingTao Daily B3)
Greentown China (3900 HK) had a 2.64 per cent growth in net profit to 332 million yuan for the six months ended June 30. Turnover climbed 99.5 per cent to 3.87 billion yuan and gross profit margin went up 151 per cent to 1.46 billion yuan, Earnings per share dipped 4.8 per cent to 0.2 yuan. An interim dividend of 0.1 yuan per share was declared. (SingTao Daily B4)
Hopson Development Holdings (754 HK) acquires 65 per cent interest in a land of a total site area of 147,000 square meters from Guangzhou Textile Industrial and Trading Group for a total consideration of 3.718 billion yuan to develop Kemaoyuan project. (Hong Kong Economic Times A13)
Ping An Insurance (2318 HK) posted a net profit of 9.611 billion yuan for the six months ended June 30, rising 28.5 per cent year-on-year. Earned premium climbed 42.5 per cent year-on-year to 74.585 billion yuan. Earnings per share amounted to 1.3 yuan, up 27.45 per cent. An interim dividend of 0.15 yuan per share was paid, unchanged from last year. (SingTao Daily B3)
Shangdong Chenming Paper (1812 HK) expects net profit to go down 20-50 per cent year-on-year for the third quarter. But it is expected that profit for the first nine months will surge 50-100 per cent year-on-year to reach 800 million yuan, as the first half net profit recorded a sharp increase of 2.86 times to 608 million yuan. The company did not recommend any interim dividend. (SingTao Daily B4)
Shimao Property’s (813 HK) profit attributable to shareholders amounted to 2.11 billion yuan for the first half, surging 76 per cent from last year. Core profit rose 4.25 times to 1.57 billion yuan. Turnover grew 102 per cent to 10.02 billion yuan. Earnings per share amounted to 59.5 fens and an interim dividend of 15 HK cents per share was distributed. (SingTao Daily B4)
HK & China Gas (3 HK) profit attributable to shareholders amounted to HK$2.967 billion for the first half, edging down 1.1 per cent. Turnover amounted to HK$10.41 billion, surging 66.3 per cent. Earnings per share amounted to HK$0.413, unchanged from last year. An interim dividend of HK$0.12 per share was declared, also unchanged from a year earlier. (SingTao Daily B2)
Want Want (151 HK) China’s net profit rose 33.5 per cent to US$161 million for the six months ended 30 June. Revenue went up 25.6 per cent to US$1.002 billion. Gross profit margin decreased by 0.5 percentage point to 38.1 per cent. An interim dividend of 0.9 US cent per share was declared. (Hong Kong Economic Journal P10)
Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard
