Author: Marie Jones

– Revenue decreased by 3.3% to RMB7,968 million for FY2016 – Profit from operations down 7.3% to RMB666 million HONG KONG — CIMC Enric Holdings Limited (“CIMC Enric”, or the “Company”, together with its subsidiaries, the “Group”) (HK:3899) announces its annual results for the year ended 31 December 2016. Mr. Gao Xiang, the Chairman of CIMC Enric, said, “CIMC Enric experienced a crucial year in 2016 with a range of challenges facing the sectors it engaged in. After many years of recorded profit attributable to equity shareholders of the Company, the Company reported a loss attributable to equity shareholders for the…

HONG KONG — Shanghai Pharmaceuticals Holding Co., Ltd. (“Shanghai Pharmaceuticals” or the “Company” and, together with its subsidiaries, the “Group”; stock code: 601607.SH; 2607.HK), the integrated pharmaceutical company in the PRC that has leading positions in both pharmaceutical products and service markets, released its 2016 annual results report today. From January to December 2016, Shanghai Pharmaceuticals’ operating revenue was RMB120.765 billion, representing an increase of 14.45% on a YoY basis. Net profit attributable to the equity holders of the listed company was RMB3.196 billion, representing a YoY increase of 11.10%. Net profit attributable to the equity holders of the listed company…

Start-ups, Smart Electronics & Lighting Products to be Showcased (Photo:) HKTDC Deputy Executive Director Benjamin Chau (right) and HKTDC Electronics/Electrical Appliances Industries Advisory Committee Chairman Dr Lo Wai-kwok (left) announce details of the Hong Kong Electronics Fair (Spring Edition), International ICT Expo as well as the Hong Kong International Lighting Fair (Spring Edition). HONG KONG — Organised by the Hong Kong Trade Development Council (HKTDC), the Hong Kong International Lighting Fair (Spring Edition), Hong Kong Electronics Fair (Spring Edition) and the International ICT Expo, will kick off at the Hong Kong Convention and Exhibition Centre (HKCEC) in April. The Lighting…

Retailing Guru Rakesh Biyani identifies keys to successful partnership building (Photo:) Retailing Guru Rakesh Biyani identifies keys to successful partnership building between Hong Kong and India during a seminar organised by the Hong Kong Trade Development Council in Hong Kong on 14 March. India is often regarded as the new land of business opportunity. More than 140 business people attended a seminar on “Access to Retail Market in India” with speaker Rakesh Biyani, the Joint Managing Director of Future Retail Ltd. & co-founder of Future Group. The seminar was organised by the Hong Kong Trade Development…

Overall Performance Returns to a More Reasonable Level HONG KONG — Yip’s Chemical Holdings Limited (SEHK: 00408) (“Yip’s Chemical” or the “Group”), the world’s largest manufacturer of acetate solvents and one of China’s major manufacturers of petrochemical products, today announced its annual results for the year ended 31 December 2016 (the “review period”). Highlights: – New high total product sales tonnage at approximately 1.2 million metric tons, up 17% year-on-year. – With product average selling price down year-on-year and Renminbi (“RMB”) depreciation continuing, turnover was around HK$8.6 billion, similar to that of 2015. – The Group’s overall performance returned to a…

Fully Develops Core Businesses; Revenue Reaches a New Record High HONG KONG — Kingsoft Corporation Limited (“Kingsoft” or the “Company;” HKEx stock code: 03888), a leading Chinese software and Internet service company, has announced its audited 2016 annual results and its unaudited 2016 fourth quarter results for the period ended 31 December 2016. For the year of 2016, revenue surged 46% year-over-year to RMB8,282.1 million. Revenue from the online game, Cheetah Mobile, and cloud services, office software and others businesses represented 31%, 53% and 16%, respectively, of the Company’s total revenue. Gross profit increased 29% year-over-year to RMB5,619.8 million. Operating profit…

Introducing Innovative Connectivity Solutions to Enterprise Markets HONG KONG — CSL Mobile Limited (‘CSL’) and Plover Bay Technologies Limited (‘Plover Bay’, stock code: 1523), proudly announce the joint partnership offering connectivity at its best to enterprises. As the premium brand of CSL Mobile Limited, 1O1O, the leader in mobile solutions and networks, is allying with Plover Bay, the creator of market leading SD-WAN technologies. This partnership will provide enterprises with unique and innovative connectivity services that boost productivity. By combining 1O1O’s strong wireless network presence with Plover Bay’s patented SpeedFusion(TM) technology, this partnership opens new possibilities such as rapidly-deployed high-definition video…

– Jinchuan International Announces Placing of 11.10% Stake of New Shares to A Wholly-owned Subsidiary of SD Hi-Speed Huanbohai (Tianjin) Equity Investment Fund (Limited Partnership); – At Share Price of HK$0.80 Per Share; – To Raise Net Proceeds of HK$384,400,000; – To Fund its Core Business HONG KONG — Jinchuan Group International Resources Co. Ltd (the “Company”, together with its subsidiaries, collectively referred to “the Group” or “Jinchuan International”, Stock Code: 2362.HK) today announced its annual results for the year ended 31 December 2016 (“Year Under Review”). The revenue for the year ended 31 December 2016 was US$364.8 million, representing a…

Chigasaki, Japan — ULVAC, Inc. is pleased to introduce the NA-1500 dry etching system for 600mm advanced packaging substrates, providing for uniform Descum and Ti etching processes. Higher data transfer speeds require high-density packaging technologies, while advanced mobile and wireless devices require thinner and higher-pin-count IC packages. Fan-Out Wafer Level Packaging (FO-WLP) is widespread, while Panel Level Packaging increases substrate size from 300mm to 600mm. While there are many 200mm/300mm wafer dry etching systems in the market today, there was no dry etching system for 600mm substrate, providing for a uniform Descum process and Ti etching process. ULVAC developed the new…

Data from Real Capital Analytics reveals top dealmakers by volume in 2016 SINGAPORE — JLL is the number one real estate investment advisory firm in Asia Pacific for the sixth consecutive year, based on data published by Real Capital Analytics (RCA), an independent body that analyses real estate transaction volumes worldwide. According to the data, JLL tops the ranking in Asia Pacific, having achieved the highest value of investment deals overall in 2016 – a total of US$ 20.4 billion, which is 27.5 per cent market share in the region. The firm also scooped number one in the hotel sector with…

HONG KONG – The 21st Hong Kong International Film & TV Market (FILMART), organised by the Hong Kong Trade Development Council (HKTDC), ended today. The four-day event is a premier trading platform for the Asia’s entertainment industry. This year’s fair attracted more than 8,000 visitors, up nine per cent from last year. Among the visitors who attended this year’s FILMART, participation from Asia rose significantly, with the Chinese mainland, Philippines and Cambodia recording double-digit growth. This year’s FILMART featured the latest productions of more than 800 exhibitors from 35 countries and regions. Chinese mainland and many overseas exhibitors also set up…

Net Profit of Shengjing Bank Maintained Solid Performance with a Double-Digit Increase in Net Profit, Making a Successful Diversified Development HONG KONG — Shengjing Bank Co., Ltd (“Shengjing Bank”, or “the Bank”, stock code: 2066.HK), the largest city commercial bank in terms of total assets in Northeast China, is pleased to announce its audited annual results for the year ended 31 December 2016 (the “Reporting Period”). – Total assets were RMB905.483 billion, representing a YoY increase of 29.1% – Net profit of RMB6.878 billion, representing a YoY increase of 10.5%. – Net profit attributable to equity shareholders of the Bank were…

– Turnover Grows 28.8% to HK$7,825.1 Million; – Net Profit up by 42.8% to HK$1,004.0 Million HONG KONG — Tongda Group Holdings Limited (“Tongda Group” or the “Group”) (stock code: 698) today announced its annual results for the year ended 31 December 2016. During the Year, as a world’s leading solutions provider of high-precision components for smart mobile communications and consumer electronic products, the Group benefited from its major customers increasing their market shares, and its ability to stay abreast of metal casing trends, allowing it to achieve a 28.8% growth in total turnover of the Group to HK$7,825.1 million. Gross…

HONG KONG — E Fund Management (HK) Co., Ltd (“E Fund HK”) has invited Yuanta Securities Investment Trust Co., Ltd (“Yuanta Funds”), one of Asia’s largest inverse ETF issuers(1), to be its technical advisor for developing the E Fund Yuanta Hang Seng Index Daily (-1x) Inverse Product (7302.HK), which was officially listed on the Stock Exchange of Hong Kong today. This is E Fund HK’s first inverse product, offering an alternative investment instrument for investors in Mainland China and Hong Kong. Ms Huang Gaohui, CEO of E Fund HK, said, “As the sole international business platform of E Fund, E Fund…

– Makes Record High Operating Profit of more than HK$850 Million; – Total Dividend Increases 5.6% YoY to HK13.2 Cents Per Share HONG KONG — CITIC Telecom International Holdings Limited (“CITIC Telecom” or the “Group”; stock code: 1883), a leading international telecoms operator and integrated information services provider in Asia, today announced its annual results for the year ended 31 December 2016. During the year, the Group recorded turnover of HK$7,699.1 million. Its profit attributable to equity shareholders amounted to HK$850.1 million, representing an increase of 6.0% as compared with last year. Basic earnings per share were HK24.9 cents, up 4.6%…

– Revenue Reaches HK$156.7 Billion; – Accelerates Strategic M&As Pushes to Take Business International HONG KONG — China Resources Pharmaceutical Group Limited (“CR Pharmaceutical” or the “Group”) (stock code: 3320), today announced its annual results for the year ended 31 December 2016 (“Reporting Period”). The Group recorded total revenue of HK$156,705.2 million for the year ended 31 December 2016, representing an increase of 6.9% year-on-year. Revenue of the three major business segments, namely pharmaceutical manufacturing, pharmaceutical distribution and pharmaceutical retail, accounted for 14.3%, 83.2% and 2.5% of the Group’s total revenue respectively. The Group’s gross profit amounted to HK$24,109.1 million, representing…

JAKARTA — Wintermar Offshore Marine (WINS.JK) has announced FY2016 financial results. Operating profit rose 68% YOY to US$4.9M, EBITDA rose 8% YOY to US$33M, and net gearing fell to 50% as at end 2016. In what was an extremely challenging year, management took certain actions to preserve cash flow and generate higher utilization. As a result WINS was able to generate higher operating profit and cash flow, thereby reducing the net gearing to 50% at the end of FY2016 compared to 57% the year before. -Owned Vessels In the Owned Vessel Division, full year revenues of US$58.9 million were 11% lower…

– Revenue and Profit Attributable to Owners of the Parent Company Rises 13.21% and 14.66% Respectively; – Steady Increase in Total Gold Output Marked Progress in Management Reform HONG KONG — Zhaojin Mining Industry Company Limited (“Zhaojin Mining” or the “Company”, together with its subsidiaries, the “Group”, stock code: 1818), a leading gold enterprise in the PRC, announced its annual results for the year ended 31 December 2016 (the “year under review”). In 2016, as the gold market was facing the backdrop of the referendum of Britain’s exit from the European Union (“Brexit”), the rate hike by the Board of Governors…

Asian Premiere Dream of the Red Chamber Chairman and Executive Director of ICBC (Asia) Gao Ming (middle) and the ICBC (Asia) management team raised a toast at the cocktail reception HONG KONG — ICBC (Asia) has continued steadfast support for the development of arts and culture in Hong Kong and committed to giving back to the community. For the fifth consecutive year, ICBC (Asia) is the exclusive sponsor of the finale performance of the Hong Kong Arts Festival. This year’s visionary opera performance, Dream of the Red Chamber has concluded the 45th Hong Kong Arts Festival on a perfect note, while…

HONG KONG — Xtep International Holdings Limited (Stock code: 1368), a leading PRC-based professional sportswear enterprise achieved revenue growth of 1.9% to RMB 5,396.6 million in 2016, where the increase in footwear and e-commerce business revenue was somewhat offset by intentional reduction of sports lifestyle apparel. Overall gross profit margin rose 4 years in a row. The positive result of product mix shift toward higher margin professional sportswear products have become clearly evident, gross profit margin for all product segments increased. Apparel gross profit margin increased significantly by 2.0 percentage points to 41.7%, while footwear gross profit margin went up to…