Bawang International Group (1338 HK) will launch its new packaging shampoo products in May and old packaging products will be removed from the shelves. (Hong Kong Economic Times A12)
Beijing Capital Land (2868 HK) posted profit attributable to equity holders of RMB918,155,000 for the year ended 31st December 2010. It recommended the payment of a final dividend of RMB0.18 per share. (SingTao B2)
Brilliance China Automotive (1114 HK) announced the company’s profit attributable to equity holders for 2010 amounted to RMB1.27 billion, RMB900 million of which comes from BMW Brilliance joint venture. (Hong Kong Economic Journal P6)
China Shenhua (1088 HK) notes that due to the export coal sales taking up a great proportion of the company’s total coal sales, its gross profit margin is expected to further go down this year. The commercial coal business will bring aggressive revenue and profit increase to the company. (Hong Kong Economic Times A11)
After China Banking Regulatory Commission (CBRC) (2601 HK) issued new rules to regulate the banking-insurance cooperation, the insurance sales of China Pacific in Q1 will experience the negative impact from these rules. These rules will encourage sales transformation of banking-insurance businesses. The company will explore new sales modes. (Hong Kong Economic Times A10)
Chong Qing Rural Commercial Bank (3618 HK) announced its net profit increased by 62 percent to RMB3, 061 million for the year ended 31 December 2010. No final dividend was proposed. (Hong Kong Economic Times A10)
EPI (Holdings) (689 HK) expects a substantial loss for the year ended 31 December 2010, which is mainly attributable to the accounting reclassification of the drilling costs of two deep wells for exploration purposes and charged to the profit and loss account in the year of 31 December 2010. (SingTao B2)
Golden Eagle Retail (3308 HK) booked profit attributable to owners of RMB959.2 million for the year ended 31 December 2010. Final dividend of RMB0.150 per share was proposed. (SingTao B2)
Gome Electrical Appliances (493 HK) announced that the company’s net profit for 2010 saw an annual increase of 39.25 percent to RMB1, 962 million and declared a final dividend of HK4.1 cents per share. The company is marching into the second-tier cities in the Mainland by increasing more stores this year. (Hong Kong Economic Times A12)
Shenzhou International Group (2313 HK) announces that profit attributable to equity holders for the year ended 31 December 2010 amounted to around RMB1,271,654,000, an increase of 1.6%. The company proposed to declare a final dividend of HK$0.36 per ordinary share. (SingTao B2)
Sinopec Yizheng Chemical Fibre (1033 HK) registered profit attributable to ordinary equity shareholders of RMB 1,231,226,000. A final dividend of RMB 0.03 per share was proposed. (SingTao B2)
Wuyi International Pharmaceutical Company (1889 HK) recorded profit of RMB106.0 million for the year ended 31 December 2010. Final dividend of HK1.6 cents per share and special dividend of HK8.8 cents per share were recommended. (SingTao B2)
Xinjiang Goldwind (2208 HK) aims to promote its market shares in Mainland China with a target of 25 percent, or up 5 percentage points before the end of next year. The company plans to complete the overall design of 6MW Direct-Drive Permanent Magnet Wind Turbines within this year. (Hong Kong Economic Times A12)
Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard
