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Business / Corporate Reports

Everbright's stock earnings slumped in 2013

[2014-01-23 15:46]

The net profit of Everbright Securities' stockholders was as much as 212 million yuan ($35 million) in 2013, down 78.79 percent year-on-year with earnings per share dropping to 0.0622 yuan.

SAP reports highest quarterly revenue in China

[2014-01-23 16:04]

SAP AG, the world's largest enterprise management software provider, announced its highest-recorded revenue in the China market in the fourth quarter of last year.

Green Dragon Gas output soars in 2013

[2014-01-22 15:39]

Green Dragon Gas Ltd announced on Tuesday it reached gas output of 230 million cubic meters in 2013, up 304 percent year-on-year.

China COSCO sees 2013 profit turnaround

[2014-01-22 09:37]

China COSCO Holdings Co Ltd announced on Tuesday that it saw a profit turnaround in 2013 after suffering heavy losses in two consecutive years.

New Oriental 2nd fiscal quarter profit up

[2014-01-22 14:31]

New Oriental Education and Technology Group Inc announced on Tuesday a profit of $9.7 million in its second fiscal quarter of 2014, which ended on November 30, 2013.

Liquor company expects first net loss in decade

[2014-01-21 17:25]

Chinese liquor producer Sichuan Swellfun Co Ltd announced on Monday that it expects a net loss of 124-160 million yuan ($20.5-$26.4 million) for 2013 amid falling high-end liquor sales, its first negative profit in a decade.

Gome expects sharp rise in profit

[2014-01-21 17:21]

Chinese electronics retailer Gome Electrical Appliances Holding Ltd said on Monday its gross profit in 2013 was expected to increase 18 percent, a sharp rise from 2012.

Jidong Cement reaps hefty profit in 2013

[2014-01-20 09:07]

Tangshan Jidong Cement Co Ltd estimated net profits in 2013 would rise between 70 percent and 100 percent year on year to reach over 306 million yuan.

GM's global 2013 sales rise 4%

[2014-01-15 15:08]

The US carmaker's global sales grew 4 percent in 2013 on strong demand in the world's two largest auto markets, China and the United States.

GM's Chevy brand posted record global sales in 2013

[2014-01-15 15:07]

Chevrolet sold 4,984,126 vehicles globally in 2013, an increase of less than 1 percent over 2012.

Bentley's record year-posts 19% global growth

[2014-01-10 15:33]

Bentley Motors has delivered 10,120 cars worldwide, the highest figure in its 95-year history, reinforcing its position as the leading manufacturer of luxury vehicles.

VW's Audi, Porsche to keep growing after top 2013 sales

[2014-01-10 15:30]

Volkswagen's flagship luxury car brands Audi and Porsche aim to keep sales growing this year helped by overseas demand and new models.

Audi delivers more than 1.6m cars in 2013

[2014-01-10 15:29]

Major growth drivers over the past year were Audi's three biggest export markets: with China up 21.2 percent.

Porsche delivers more than 162k cars to customers

[2014-01-10 15:25]

The Porsche 911 was especially successful last year - during its anniversary year, around 30,000 of these iconic sports cars were handed over to customers.

SAIC Motor sells 5m units in 2013

[2014-01-08 10:46]

Sales at SAIC Motor Corp, China's largest carmaker, in 2013 rose 13.7 percent year on year to exceed 5.1 million units, the company announced on Tuesday.

FAW-VW marketing drives terminal sales to 1.6m units

[2014-01-08 10:41]

FAW-Volkswagen still hit record high, with a sales volume of 1,607,000 units and year-on-year growth of 17.4 percent in 2013, well above the industrial average.

Pudong Development Bank earns $6.7b profit

[2014-01-06 09:57]

Shanghai Pudong Development Bank's net profit jumped 19.8 percent year on year to nearly 41 billion yuan ($6.7 billion) in 2013.

Sinopec profit increases more than 10b yuan

[2013-12-29 17:04]

Profits of oil giant China Sinopec increased more than 10 billion yuan ($1.6 billion) in the first eleven months of 2013.

Ford says December China auto sales up 35% YOY

[2014-01-07 13:46]

Ford Motor Co and its local partners in China sold a total of 94,838 vehicles on a wholesale basis in December, an increase of 35 percent year-on-year.

Toyota sells over 900k vehicles in China in 2013

[2014-01-06 15:54]

Toyota Motor Corp and its two local joint-venture partners sold more than 900,000 vehicles in China last year, beating its annual sales target.

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