Despite strict property market controls, China's listed real estate developers delivered a solid performance in the first half of the year.
Chinese housing developer Gemdale Corporation said Wednesday its net profit rose 5.1 percent year-on-year in the first half to 502 million yuan.
Poly Real Estate Group said Wednesday its net profit dropped 10.16 percent year-on-year in the first half to 2.51 billion yuan ($396.22 million).
Chinese carmaker Geely Automobile Holdings Ltd said Wednesday that its net profit in the first half rose 9 percent year-on-year.
ZTE Corp saw its net profit for the first half of 2012 plunge 68.17 percent year-on-year to 245 million yuan ($38.67 million).
China Telecom Corp Ltd posted an 8.3 percent drop in first-half net profit on Wednesday, as higher handset subsidies ate into profits.
Dongfeng Motor said its net profits slumped 67.52 percent year-on-year to 95.67 million yuan ($15.2 million) in the first half of 2012.
China National Offshore Oil Corporation Limited has seen its half-year net profits fall 19 percent to 31.87 billion yuan ($5.02 billion).
Top liquor brand Wuliangye Yibin Co Ltd saw its half-year net profits rise 50.15 percent year-on-year, and reach 5.24 billion yuan.
Shenzhen-listed Wuliangye on Aug 20 said that its first-half sales revenue was 15.05 billion yuan ($2.37 billion), surging 42.05 percent year on year.
Tsingtao Brewery Co Ltd, one of the leading brewers in China, on Aug 15 reported a half-year revenue of 13.41 billion yuan ($2.11 billion), up 11.2 percent year on year.
Anhui Conch Cement Co Ltd announced Wednesday its net profit plunged nearly 51 percent year-on-year in the first six months of 2012.
Chinese listed firms recorded sharply slower growth in net profits in the first half of the year as the country's economy downshifted.
Cement prices on the mainland market are expected to rally in the fourth quarter on resumption of large infrastructure projects, helping to improve producers' profit margins, China Resources Cement Holdings Ltd said after reporting a sharp fall in earnings and profit margins for the first half, dragged down by weaker demand.
China’s State-owned enterprises reported a more than 7 percent year-on-year drop in their first-half net profits, even though their revenues grew by more than 20 percent during the same period, according to figures from Wind Information, a financial data provider.
Zijin Mining Group Co, China's largest gold producer by output, said that its net profits slumped 19.95 percent year-on-year in the first half of 2012.
Swire Pacific Ltd, an aviation-to-real estate conglomerate, said on Friday that it expects better performance in the second half, after reporting a 65 percent profit fall in the first half, dragged down by losses at its affiliate Cathay Pacific Airways Ltd.
Kweichow Moutai Co Ltd's net profit in the first half of 2012 surged 42.56 percent to 7 billion yuan ($1.1 billion) year-on-year.
Kweichow Moutai Co, China's leading high-end liquor producer, said its net profits surged 42.6 percent year-on-year in the first half.
Huaxia Bank announced Thursday that its net profits surged 42.36 percent year on year to reach 6.08 billion yuan ($965 million) in the first half of this year.
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