Jiangxi Copper (600362.SH) said Wednesday its first-half net profit jumped 35.05% year-on-year to US$405.99 million (RMB2.779 billion) on US$3.92 billion (RMB26.831 billion) in revenue, up 55.05% year-on-year, the Securities Times reported. Growth came despite a period of halted production during the snowstorms at the beginning of the year. Earnings per shar...

Aircraft and vehicle manufacturer AviChina Industry & Technology Co (2357.HK) said Monday its first-half turnover rose 0.59% to US$1.18 billion (RMB8.079 billion), the Shanghai Securities News reported. Snowstorms at the beginning of the year and the Sichuan earthquake delayed delivery of aero parts, resulting in sales dropping 11.23% to US$229.70 millio...

China Railway Construction Corp (CRCC) (601186.SH, 1186 HK) said Tuesday its first-half net profit was up 22% year-on-year to US$222.69 million (RMB1.525 billion) on US$12.01 billion (RMB82.236 billion) in revenue, up 12% year-on-year, the Shanghai Securities News reported. Revenues from domestic business grew 7.57% to US$11.17 billion (RMB76.501 billion) ov...

Giant Chinese household electrical appliance producer Qingdao Haier (600690) said Monday its first-half net profit climbed 45.99% year-on-year to US$80.34 million (RMB549 million) on US$2.77 billion (RMB18.9 billion) in revenue, up 10.44% year-on-year, the Securities Times reported. Its gross profit margin was 24.72%, 3.16 percentage points more than a year ...

Chinese electronic and telecoms manufacturer Konka Group (000016.SZ) said over the weekend that its first-half net profit surged 89.66% year-on-year to US$11.79 million (RMB80.555 million) while revenues grew just 0.1% to US$822.59 million (RMB5.621 billion), China Business News reported. Revenue fell 0.45% at its TV division to US$592.68 million (RMB4.05 bi...

China’s banking sector will grow steadily for the rest of the year despite slowing revenues from interest and a volatile mortgage sector, the Shanghai Securities News reported, citing a consensus of experts and analysts. “The Chinese commercial banks rely heavily on loans so they have a stable income and are not susceptible to the global credit c...

Tianjin Port Co Ltd (600717.SH) said Wednesday it is planning to team up with China-Asia International Transportation Ltd and Terminal Link Tianjin Ltd to establish a joint venture container handling company, the Securities Times reported. Tianjin Port will be responsible for 60% of the US$214.11 million (RMB1.47 billion) registered capital. The joint ventur...

Ddmap.com, a Chinese website providing daily life information, including route directions, is planning a third round of fundraising, China Business News reported, citing founder Xu Longjiang. The Shanghai-based online platform provides a popular route direction service. Users input a starting place and destination and receive an electronic map that includes ...