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China Focus: Smart manufacturing drives shared growth
Team members sit in the office and operate the remote control. A few kilometers away, an unmanned excavator is undergoing simulation tests. A large screen in the office shows the simulated operation from different angles.
September21,2020
Chinese banks see rising asset custody business
China's banking industry has seen a rise in asset custody services, with banks seeking to expand the business and maintain profitability, according to the China Banking Association.
September14,2020
Agricultural Bank of China reports net profit decline
The Agricultural Bank of China, one of the country's largest commercial lenders, saw its net profit slide 10.8 percent year on year in the first half of this year (H1).
September07,2020
Chinese food and beverage giant Master Kong sees shares post biggest intraday gain in a decade
Chinese food and beverage giant Master Kong, also known as Tingyi Holding Corp., achieved revenue of 32.93 billion yuan in the first half of this year, up 8 percent year on year. The company's net profit grew 47.3 percent year on year to 2.65 billion yuan, hitting an all-time high, according to the interim report released on August 24.
September04,2020
More U.S.-listed Chinese companies rush to Hong Kong bourse for secondary listing
Following the listing of two U.S.-listed Chinese companies Netease and JD.com, the third U.S.-listed Chinese companies Yum China will enter the Hong Kong stock market on September 10.
September03,2020
Equipment manufacturing industry shows strong performance in H1
In the first half of 2020, although Chinese companies were affected by the COVID-19 outbreak, the equipment manufacturing industry was still a hotspot.
September03,2020
Soy sauce maker Haitian's market value soars to USD84bln
Foshan Haitian Flavoring and Food Co Ltd, the largest manufacturer of soy sauce in the world, saw its market value surge to over 600 billion yuan on Tuesday in Shanghai as robust demand for home-cooked products and a strong sales network buoyed sales during the first six months of the year.
September02,2020
China Railway's revenue totals 403.9 bln yuan in H1
China State Railway Group Co., Ltd. (China Railway) announced on Monday its revenue totaled 403.9 billion yuan in the first half of 2020, with a year-on-year decrease of 124.2 billion yuan due to the COVID-19 epidemic.
September01,2020
China's three major oil giants suffer in H1 on price plunge and weak demand
China's top three state-owned oil refiners, namely, Sinopec, PetroChina and CNOOC Limited suffered a lot in the first half of 2020, as the oil price collapse and the soft fuel demand dented their revenues.
August31,2020
Economic Watch: Chinese consumer sentiment perks up, bolsters economic recovery
As the COVID-19 epidemic tapers off in the country and pent-up consumption demand gradually unleashes, China's economic recovery in the second half of the year will gain more momentum.
August31,2020
China's ZTE sees revenue surge in H1 despite COVID-19 impact
Chinese telecom equipment maker ZTE saw surges in both operating revenue and net profit in the first half-year despite the challenges posed by the COVID-19 pandemic.
August31,2020
BYD net profit up 14.3 pct in H1
China's leading new energy vehicle (NEV) manufacturer BYD Company Limited recorded 1.66 billion yuan (about 242 million U.S. dollars) of net profit in the first half of 2020 (H1), up 14.29 percent year on year.
August31,2020
Chinese courier giant SF Holding reports strong revenue growth
China's express delivery giant SF Holding reported big revenue growth in the first half of this year, according to its financial report.
August31,2020
Bank of China sees net profit down 11.51 pct in H1
The Bank of China, one of the country's big four state-owned lenders, said its net profits plunged 11.51 percent year on year in the first half of 2020 (H1).
August31,2020
China's YTO Express reports steady rise in profit
YTO Express Group, a leading express delivery firm in China, saw stable profit growth in the first half (H1) of this year amid the continued expansion of the country's courier service market.
August31,2020
Bank of Communications net profit down 14.6 pct in H1
The Bank of Communications, one of China's largest commercial banks, posted a year-on-year net profit decline of 14.61 percent in the first half of 2020 (H1) as the COVID-19 epidemic resulted in more bad loans.
August31,2020
Chinese dairy firm Yili sees surging revenue, profits in Q2
Inner Mongolia Yili Industrial Group Co., Ltd., one of the Chinese dairy giants, generated a revenue of 26.88 billion yuan in the second quarter of this year, up 22.49 percent year on year, the company announced on Thursday.
August28,2020
Country Garden (02007.HK) reports strong H1 results in 2020
China's leading property developer Country Garden (02007.HK) has recently disclosed online its financial results for the first half of 2020.
August28,2020
Chinese genomics company BGI reports surging profit in H1
BGI Genomics Co., Ltd., China's genomics giant, reported surging profits in the first half (H1) of 2020 due to strong demand for its COVID-19 test kits.
August28,2020
China's battery giant CATL reports decrease in net profit
Contemporary Amperex Technology Co., Ltd. (CATL), China's largest automotive lithium-ion battery maker, reported profit and revenue declines in the first half of 2020 (H1) due to weak performance of the country's new energy vehicle (NEV) market.
August28,2020
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