China Coal Energy’s (1898 HK) profit attributable to equity holders for 2010 increased by 0.8 percent year-on-year to RMB7,466 million, with earnings per share at RMB56 cents. A final dividend of RMB15.633 cents was proposed. (Sing Tao Daily B4)
China Dongxiang (Group) (3818 HK) booked profit attributable to the equity holders of 1,463.7 million yuan for the year ended 31 December 2010, up 0.2 per cent, meeting market expectations. (Hong Kong Economic Times A12)
Mr. Zhu Xinli, chairman of China Huiyuan Juice (1886 HK), notes that along with the effective measures to curb inflation in Mainland China and the low price and oversupply of fruit markets, the company will not suffer too much pressure on the cost of production, thus the company does not intend to increase its product price this year. (Sing Tao Daily B6)
China Life Insurance Company (2628 HK) announces that net profit attributable to equity holders was 33,626 million yuan, increased by 2.3 per cent from 2009. The company recommended the payment of a final dividend of RMB0.4 per share. (Hong Kong Economic Times A12)
China Telecom (728 HK) plans to acquire CDMA network next year at a consideration of RMB100 billion from its parent. The network purchase will raise earnings. (Sing Tao Daily B2)
Datang International Power Generation (991 HK) announces that its net profit attributable to equity holders amounted to around 2,570 million yuan for the year ended 31 December 2010, an increase of around 67.24 per cent over 2009. It has recommended the distribution of a final dividend of RMB0.07 per share. (Hong Kong Economic Times A12)
Golden Resorts Group (1031 HK) announces that the resolution in respect of the acquisition of the entire issued share capital of Kingston Capital Asia was duly passed at the SGM held yesterday. (Hong Kong Economic Journal P10)
Little Sheep Group (968 HK) saw last year’s profit go up 18.5 per cent to 249 million yuan. Same-store sales and customer traffic in China expanded at a record pace, increasing 8 and 6 per cent respectively. (Hong Kong Economic Times A12)
Mongolia Investment Group (402 HK) announced to place 1,320,000,000 new shares at the placing price of HK$0.067 per placing share. The net proceeds of approximately HK$86.5 million is intended to be utilized as general working capital of the company. (Sing Tao Daily B4)
Pearl Oriental Innovation (932 HK) announced a positive profit alert that the company is expected to record a considerable increase in its net profit for 2010 due to the substantial improvement of the value of the Utah Gas and Oil Field. (Sing Tao Daily B4)
Shenguan Holdings (829 HK) announced that the company’s capital expenditure budget for 2011 was RMB400 million. The company plans to increase 54 new production lines to 220 production lines in total. (Sing Tao Daily B6)
Shimao Property (813 HK) sets the target for its contract sales at RMB36 billion this year, or around 20 percent up over the last year. (Sing Tao Daily B4)
Sino-Life Group (8296 HK) announced that the company’s net profit for 2010 was RMB1.1 million, representing a drop of 91 percent year-on-year. No final dividend was recommended. (Sing Tao Daily B4)
Yashili International Holdings (1230 HK) announces that its net profit attributable to shareholders amounted to 502.4 million yuan, a growth of 24.1 per cent from 2009. It recommends the payment of a final dividend of RMB7 cents per ordinary share. (Hong Kong Economic Journal P10)
Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard
