Air China profit drops 43% in 3rd quarter

2007-11-01 10:05:25

Air China, the country's largest carrier, yesterday said its third-quarter net profit amounted to 2.1 billion yuan, down 42.55 percent year on year.

CNPC takes over ethanol maker

2007-11-01 09:28:37

China National Petroleum Corp (CNPC) has taken over a major ethanol maker as it tries to expand in the renewable energy sector.

Chinalco in copper deal

2007-11-01 09:33:18

Aluminum Corp of China (Chinalco) recently took another step in expanding into the copper business by acquiring 49 percent of Yunnan Copper Industry (Group) Co.

China's listed companies see profits up 64% in first three quarters

2007-10-31 16:24:09

China's listed companies reported combined net profits in the first three quarters up by 64.18 percent from the same period last year, China Securities Journal reported on Wednesday.

China Re closer to listing plan

2007-10-31 09:44:35

China Reinsurance Group yesterday restructured itself into a shareholding company, paving the way for an initial public offering next year.

Chalco earnings hit by lower prices

2007-10-31 09:44:11

Aluminum Corp of China Ltd, the country's largest aluminum producer, posted net profit of 8.4 billion yuan for the first nine months.

Merging China's major airlines premature - CAAC

2007-10-31 07:09:21

China's aviation watchdog said consolidation of the three major airlines - Air China, China Eastern and China Southern - would be a premature move.

PetroChina to raise $8.9b in Shanghai IPO

2007-10-30 15:55:07

PetroChina, one of China's biggest oil and gas producers, will raise 66.8 billion yuan in the biggest share sale of the year, the China Securities News reported today.

Sohu to raise its game

2007-10-31 10:17:53

Top officials from Sohu.com Inc yesterday said it will increase its investment in online gaming as its game revenue surged nearly 500 percent in the third quarter.

Time ripe for large SOEs' full listing

2007-10-30 17:45:07

A number of large State-owned enterprises are qualified to fully list on the stock markets, Ji Xiaonan, chairman of the Board of Supervisors with Large Key SOEs, said today.

Baosteel's net profit slips nearly 50% in Q3

2007-10-30 14:22:08

The quarterly report of Baosteel revealed that the company suffered a 49.68 percent drop year-on-year in terms of net profit in the third quarter this year.