Angang Steel Company (347 HK) registered a profit attributable to owners of RMB236 million for the 6 months ended 30 June 2011, dropping 91.47%, with EPS of RMB0.033. The Company did not declare any interim dividend. (Hong Kong Economic Journal 9)
BYD Company (1211 HK) estimated that its net profit will go down 85-95 percent to RMB 122 million-RMB365 million during the period from January to September in 2011. The company may record profit losses for the third quarter this year based on estimation. (SingTao Daily B4)
For the first half of 2011, China Lilang (1234 HK) reported RMB228 million, up 63.1 percent, net profit for the first half of 2011, which was mainly attributable to the rising average selling price and the sales of more high value-added products. The company announced an interim and special dividend of HK16 cents per share. (SingTao Daily B3)
China Resources Power (836 HK) announced that for the six months ended June 30, 2011, its turnover increased by 37 percent year-on-year to HK$29.03 billion. Its net profit was HK$2,484 million, rising 1 percent year-on-year after fuel and operating costs surged during the period. The company announced an interim dividend of HK6 cents per share. (SingTao Daily B5)
China Shenhua Energy (1088 HK) announces that July commercial coal production rose 26.2% yoy to 23.1 million tonnes. Coal sales increased by 26.5% yoy to 32 million tonnes. (Hong Kong Economic Times A12)
Geely Automobile (175 HK) announced that for the first half of 2011, its net profit increased by 16.5 percent to RMB940 million. The basic earnings per share were RMB12.59 cents. No interim dividend was announced.
(SingTao Daily B4)
Hong Kong Ferry (Holdings)’s (50 HK) 1H net profit amounted to HK$213 million, declining 12.4pc yoy. It resolved to pay an interim dividend of HK10 cents a share. (Hong Kong Economic Times A12)
Owing to a rise in investment for business expansion, Little Sheep Group’s (968 HK) interim profit attributable to shareholders fell 19.6% to RMB30.6 million. Revenue rose 14.7% to RMB804.5 million, with same-store sales gaining by 6.9%. (Hong Kong Economic Times A12)
Shenguan Holdings (829 HK) achieved a profit attributable to owners of RMB305.2 million in 1H, surging 37.3%. The company declared the payment of an interim dividend of HK4.3 cents a share. (Hong Kong Economic Journal 22)
For the first half of 2011, Yanzhou Coal Mining Company (1171 HK) reported RMB5.18 billion, up over 90 percent, net profit. Its cost of coal sales went up 12.68 percent compared with the same period last year, 10 percent higher than expected. The company aims to maintain around 10 percent-rise in expenses for the year. (SingTao Daily B5)
Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard
