Anhui Conch Cement (914 HK) recorded 1H net profit of RMB 5.994 billion, surging over 2.33x yoy, on a jump in cement prices and sales. EPS amounted to RMB1.13. (SingTao Daily B3)
City Telecom (HK) Ltd. (1137 HK) plans to invest approximately HK$600 million into the construction of a multimedia production and distribution center located at Tseung Kwan O Town, Hong Kong over the next three years. This new center will facilitate the production and distribution of entertainment programmes for video sites and TV stations in Mainland China. (Hong Kong Economic Times A10)
Dongyue Group (189 HK) announced that its first half-year net profit in 2011 increased by 4.2x year-on-year to RMB1, 416 million. No interim dividend was announced. (Hong Kong Economic Times A10)
Evergrande Real Estate Group (3333 HK) announced that the unaudited consolidated net profit is expected to record a significant increase for the first half of 2011. This is mainly attributable to increase in the company’s total gross floor area delivered to buyers and in the gross profit of properties delivered during the period. (Hong Kong Economic Journal P9)
Harbour Centre Development’s (51 HK) 1H profit rose 39pc to 378.4 million and EPS was 0.53. An interim dividend of 0.06 a share was declared. (SingTao Daily B4)
Longfor Properties (960 HK) recorded interim net profit of RMB2.52 billion, a yoy rise of 14.5pc. No dividend was declared. Shares rose 2.6pc yesterday. (SingTao Daily B4)
MIE Holdings (1555 HK) registered interim profit of RMB 303 million, up 27.4pc yoy, with EPS of RMB 0.12. No dividend was declared. (SingTao Daily B4)
Yang resigned as Chief Operating Officer of Semiconductor Manufacturing International (981 HK) announced that Dr. Simon Yang has resigned as Chief Operating Officer of the Company with effect from 5 September 2011. The company has taken steps to look for a person for the appointment of Chief Operating Officer. (Hong Kong Economic Journal P9)
Shanghai Pharmaceuticals Holdings Co., Ltd. (2607 HK) announced that for the six months ended 30 June 2011, its net profit amounted to RMB1, 303 million, up 65.69 percent. No interim dividend was announced. (Hong Kong Economic Journal P10)
Shenzhou International (2313 HK) saw net profit advance 30pc yoy to RMB 856million in 1H. EPS amounted to RMB 0.69. (SingTao Daily B4)
Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard
