Author: Marie Jones

HONG KONG — A pioneer integrated service developer in planning, investment development and operation of large-scale industrial towns in China, China VAST Industrial Urban Development Company Limited (“China VAST” or the “Group,” Stock code: 6166) announced its unaudited interim results for the six months ended 30 June 2017. Profit attributable to owners of the Company surged 142.4% to RMB493.3 million. – Revenue increases 11.5% to RMB1,399.3 million – Gross profit soars 94.1% to RMB922.4 million; gross profit margin rises substantially from 37.9% for the same period in 2016 to 65.9%, mainly due to generally higher gross profit margin of land development…

HONG KONG — Minmetals Land Limited (“Minmetals Land” or the “Company”) (Stock code: 0230) is pleased to announce its unaudited interim results for the six months ended 30 June 2017. The Company’s consolidated revenue increased 15.5% YoY to HK$4.38 billion. Revenue from real estate development, which accounted for 88.2% of the consolidated revenue, increased 16.6% YoY to HK$3.86 billion. As a result of higher-margin products being recognized during the period, the gross margin of real estate development segment surged considerably from 23% to 40%, whilst consolidated gross margin surged 14.8 percentage points to 37.2%. Profit for the period surged substantially to…

Maintains industry leading position with revenue surges by 31.3% YoY HONG KONG — China Logistics Property Holdings Co., Ltd (“CNLP” or the “Company”, together with its subsidiaries, the “Group”, Stock code: 1589), a leading provider of premium logistics facilities in China, today announced its unaudited interim results for the six months ended 30 June 2017 ( “Reporting Period”). Highlights： – Revenue totalled RMB166.1 million, up 31.3% YoY – Gross profit reached RMB105.7 million, up 19.3% YoY – Net profit attributable to shareholders surged to RMB428.7 million – Total asset totalled RMB16.1 billion – Approximately 3.1 million sq.m. of GFA of in…

Profit of direct operating businesses increased by 73% to HK$987 million HONG KONG — China Everbright Limited (“CEL” or “the Group”, stock code: 165.HK) today announced its interim results for the six months ended 30 June 2017. In the first half of 2017, CEL’s direct operating businesses (fund management and principal investment) posted a profit of HK$987 million, up 73% year on year. Profit contribution from Everbright Securities dropped 34% to HK$346 million. China Everbright Bank contributed a dividend income after tax of HK$157 million, down 50% compared to the same period last year. Profit attributable to CEL’s equity shareholders amounted…

Achieved Solid Operating Performance and Enhanced Operating Efficiency HONG KONG — China Communications Services Corporation Limited (“China Comservice” or the “Company”), and its subsidiaries (the “Group”) (HKSE code: 552), today announced its unaudited interim results for the six months ended 30 June 2017. HIGHLIGHTS: Through developing diversified businesses and customers and the effective implementation of the business strategies, the Group continued to achieve solid and healthy growth in operating results and maintained largely stable profit margins. – Total revenues were RMB44,888 million, up by 6.4%; in which revenue from Core Businesses amounted to RMB41,073 million, up by 12.0%. – Profit attributable…

SAN FRANCISCO, CA — Loyyal, the blockchain innovator building a global loyalty network, has announced the addition of Mr. Thom Kozik to the company’s Board of Directors. Mr. Kozik most recently served as Vice President, Loyalty at Marriott International where he led the transformation of the concept of Loyalty marketing from within the world’s largest hotel company. In 2016 Thom led Marriott’s loyalty efforts during the hotel giant’s acquisition of Starwood Hotels & Resorts, and began the task of integrating two of the lodging industry’s most historic and influential programs for over 100 million members worldwide. With Thom’s history of innovation…

Continues to Diversify Product Mix and Expand Coverage of Health Business Segment HONG KONG — Kingworld Medicines Group Limited (“Kingworld Medicines” or the “Group”, stock code: 1110), a distributor of renowned branded imported pharmaceutical and healthcare products in the PRC, has announced its unaudited interim results for the six months ended 30 June 2017(the “Period”). During the period, benefiting from the increase in sales of its core products including Nin Jiom Chuan Bei Pei Pa Koa and Nin Jiom Chuan Bei Pei Pa Candies series and Culturelle probiotic series, together with the Group continuously strengthened network expansion both online and offline,…

HONG KONG — Hua Hong Semiconductor Limited (“Hua Hong Semiconductor” or the “Company”, together with its subsidiaries, the “Group”; stock code: 1347.HK), a global leading pure-play 200mm foundry, today announced its latest 95nm Single Gate embedded Non-volatile Memory (95nm 5V SG eNVM) process platform for the 8-bit microcontroller unit (MCU) market. The 95nm 5V SG eNVM process platform has gained customers’ favour with its low-power/cost benefits while keeping a guarantee on product performance and reliability. The platform has been ramped up successfully, and has delivered outstanding product performance. In the era of connectivity, 8-bit MCUs are evolving constantly and shipments have…

Focused Business Segments Achieved Sustained Growth; Net Profit Rose Steadily HONG KONG — Legend Holdings Corporation (“Legend Holdings” or the “Company”; stock code: 3396.HK) today announce the unaudited interim results of the Company and its subsidiaries for the period ended 30 June 2017 (the “Reporting Period”). Financial Highlights Six months ended 30 June 2017: – Revenue (including continuing operations and discontinued operations) was RMB142.482 billion, representing an increase of 6% year on year; in which the revenue of continuing operations increased by 9% year on year – Net profit attributable to equity holders of the Company was RMB2,687 million, representing an…

Business Diversification Drives Continuous Revenue Growth HONG KONG — Alltronics Holdings Limited (“Alltronics” or the “Group”) (Stock code: 833), a leading electronic products manufacturer, a provider of energy-saving business solutions and a provider of property rental services has today announced its unaudited interim results for the six months ended 30 June 2017 (“1H2017”). During 1H2017, the Group’s revenue increased significantly by 43.4% to HK$675.5 million, mainly due to the increase in revenue from the electronic products segment and the rental income recognised from the investment property acquired during the period. Gross profit surged by 125.3% to HK$211.8 million, with gross profit…

Net Profit reached to 461 million RMB Creating A New Record High Performance in Half Year HONG KONG — Tianneng Power International Limited (“Tianneng Power” or the “Company”), one of the leading electric vehicle motive battery suppliers in China, together with its subsidiaries, (the “Group”) (stock code: 819.HK), today announced its interim results for the 6 months ended 30 June 2017 (“Reporting Period”). In the first half of 2017, the Group continued to adhere to the main theme of making progress while maintaining stability by focusing on quality and efficiency along with innovation drivers to progress further in enterprise platform, intelligentized…

Business Maintained Steady Growth; Transformation and Upgrading Showed Performance HONG KONG — Jilin Jiutai Rural Commercial Bank Corporation Limited (“Jiutai Rural Commercial Bank” or the “Group” or the “Bank”, Stock Code:6122) is pleased to announce its Interim results of the Group and its subsidiaries for the six months ended 30, June 2017 (the “Reporting Period”) recently.The Group’s strategic goal is to position itself as a professional financial services provider with unique values and strong competitive advantages. In the first half of 2017, the global economy continued to recover moderately, and the Chinese economy continued to develop steadily in a favourable momentum,…

Providing Strong Impetus to the Paralleled Development of Real Estate Development, Internet Financing and Real Estate Fund Business HONG KONG — Greenland Hong Kong Holdings Limited (“Greenland Hong Kong” or the “Company”, stock code: 337.HK), a subsidiary of Greenland Holdings Corporation Limited (“Greenland Holdings”), which is a leading global real estate company, today announced its unaudited interim results for the period ended 30 June 2017 (the “period under review”). Business Highlights (As of 30 June 2017) – Profit amounted to approximately RMB411 million, an increase of 856% from 1H2016 – Profit for the period attributable to owners of the Company reached…

Industrial Income Growth Achieved Historical Breakthrough, Multiple R&D Projects Achieved a Number of Milestones 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, today released its interim results for the first half of 2017 (the “Reporting Period”). According to the data, from January to June 2017, Shanghai Pharmaceuticals’ operating income was RMB65.779 billion (Unit: RMB, following the same), up by 10.19% on a YOY basis. Net profit attributable…

– Record FY17 revenues since listing of RM261.3M (FY16: RM81.7M) – Gross profit of RM168.2M (FY16: RM40.9M); Gross profit margin to 64.4% (FY16: 50.1%) – Net profit after tax of RM106.1M (FY16: RM60.0M loss); EBITDA of RM156.5M (FY16: RM17.2M loss) KUALA LUMPUR — Hibiscus Petroleum Bhd (HIBISCS; MXY: 5199) today announced results for the Fourth Quarter ended 30 June 2017 (4Q17). The Group reported net profit after tax of RM106.1M for the Full Year ended 30 June 2017 (FY2017), a positive swing of RM166.1M after a loss of RM60.0M in FY2016, driven by improved revenues and efficiencies from the Anasuria Cluster…

BANGKOK — As part of its effort to improve credit risk management, SET-listed digital finance firm Group Lease PCL (‘GL’, SET: GL) has secured pre-payment of loan principal and accrued interest totaling US$13.6 mil, or 453.2 mil baht, from its Cyprus borrowers. In an official filing with the Stock Exchange of Thailand (SET) today (8/28), GL said the pre-payment comprised of three loan agreements with Cyprus-based Adalene Ltd with total principal amounting to US$13.13 mil (436.9 mil baht), plus accrued interest of US$489,158 (16.3 mil baht). The pre-payment was made with GL Holdings (GLH), GL’s wholly-owned subsidiary in Singapore. As a…

SEOUL, KOREA — Suprema, a global leader in biometrics and ID solutions, announced that the company’s SFU-S20 fingerprint modules are integrated into the new BioRugged LCC, an affordable 5″ Mobile Android terminal from BioRugged. SFU-S20 is an FBI PIV and FAP20 certified USB fingerprint scanner designed to provide a high-level biometric security solution for identity management applications. The SFU-S20 features a slim optical sensor with a larger platen and the latest anti-spoofing (live fingerprint detection) technology. BioRugged LCC follows the release of the BioWolf LE rugged tablet earlier this year and addresses more price sensitive markets, while also offering a ruggedized…

Continuously Enhancing Synergies; Profit Attributable to Owners of the Parent Increase 521.3% HONG KONG — Grand Baoxin Auto Group Limited (“Grand Baoxin Auto” or the “Company” and, together with its subsidiaries, the “Group”, Stock Code: 1293.HK), a leading luxury 4S dealership group in China, today announced the interim results for the 6 months ended 30 June 2017 (“period under review”). In the first half of 2017, through integration with the CGA Group last year, the Company further optimized its operation and management capabilities within regions and 4S stores, and continued to deepen cooperation among business sectors, resulting in stable development of…

HONG KONG — China Leon Inspection Holding Limited (the “China Leon” or the “Company”, Stock Code: 1586.HK) is pleased to announce its unaudited interim results for the 6 months ended 30, June 2017 (the “Review Period”). During the Review Period, China Leon operated well in the year and recorded a stable and sound growth in its performance. In the first half of 2017, both the trade volume and price of coal rose, driving the Company’s steep revenue growth. During the Period, The Company’s revenue increased by 30.6% from approximately RMB81.1 million for the six months ended 30 June 2016 to approximately…

HONG KONG — GF SECURITIES CO., LTD. (“GF Securities” or the “Company”, stock code: 1776.HK; 000776.SZ) is pleased to announce its interim results for the six months ended June 30, 2017 (the “Reporting Period”). In the first half of 2017, the Chinese economy operated within a reasonable range and supply-side structural reform had received remarkable effects, GDP grew by 6.9% on a year-on-year basis, while the growth rate of the tertiary sector was 7.6%. With the intensive progress of the strategy of “One Belt, One Road”, research and formulation of the development and planning of Guangdong – Hong Kong – Macao…