Author: Marie Jones

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…

China Art Financial Holdings Limited (“China Art Financial” or the “Company”, together with its subsidiaries, the “Group”, stock code: 1572.HK), the leading art finance service provider in China is pleased to announce its annual results for the year ended 31 December 2016 (the “Reporting Year”). During the Reporting Year, the total revenue increased by 64.4% year-on-year to RMB176.9 million. The increase was mainly attributed to the significant increase in art auction revenue of approximately RMB44.3 million as a result of the expansion to organize the first spring auction and three online auctions during the year and the steady increase in…

As the largest state-owned AMC in PRC, China Huarong Asset Management Co., Ltd. (“China Huarong” or the “Company” , together with its subsidiaries, the “Group”, stock code: 2799), today announced its audited annual results for the year ended 31 December 2016 (the “year under review” ). In 2016, China Huarong continued to maintain the leading position as a large state-owned asset management company “that has the highest value of total assets, strongest profitability, highest profits earned,high ROE, a complete set of financial licenses and the powerful brand” in PRC. The company continued to pursue sound growth and development by implementing…

Somerley Capital Holdings Limited (“Somerley Capital”, together with its subsidiaries, the “Group”), which principally engages in providing corporate finance advisory services in Hong Kong, has commenced Public Offering on 15 March 2017. Somerley Capital Limited, its indirect wholly-owned subsidiary of Somerley Capital, is one of the most active financial advisers, based on certain league table rankings published by Mergermarket and Thomson Reuters for the years 2015 and 2016. Offering Details Somerley Capital is offering 35,000,000 Shares at the Offer Price for subscription by the public in Hong Kong (the “Hong Kong Public Offering”). The Hong Kong Public Offering is open…

Quam Limited (“Quam”) had been awarded the Caring Company again this year. Launched by the Hong Kong Council of Social Service (“HKCSS”) in 2002, the Caring Company Scheme (the “Scheme”) aims at cultivating good corporate citizenship. It is specifically geared to building strategic partnerships among businesses and non-profit organizations to create a more cohesive society. The scheme also endeavors to promote partnership between the business and the social welfare sectors, through various activities, the two sectors can develop community projects matching with community needs. Quam Limited is honored to be awarded the Caring Company Logo from HKCSS again this year…

Northern New Energy Holdings Limited (“Northern New Energy”/ the “Group”, stock code: 8246) today announced its annual results for the year ended 31 December 2016. The Group achieved major progress with its new energy business during the year, which pushed up net profit by a notable 417.4% to RMB95.1 million (2015: RMB18.4 million), making it the best results since its listing in 2011. Apart from the significant contribution from new energy business, the strong results were also attributable to the implementation of effective cost control measures on its catering business. Basic and diluted earnings per share were RMB2.8 cents and…

Cornerstone Global Partners (‘CGP’ in Mainland China) announced the appointment of Kent Yar as Practice Leader for its Aerospace & Aviation business. Based in Singapore, Kent will be responsible for developing CGP’s aerospace & aviation business in the Asia Pacific, including general aviation, airliners, manufacturers and MROs, and assist the company’s efforts in client retention, new business production, and talent development. He will also work closely with the other teams in APAC to service regional and international clients. “Kent’s appointment marks an exciting new era for us in Asia Pacific. He brings significant international experience in the Aerospace & Aviation…

Somerley Capital Holdings Limited (“Somerley Capital”, together with its subsidiaries, the “Group”), which principally engages in providing corporate finance advisory services in Hong Kong, today announced the details of the proposed listing of its shares (the “Listing”) on the Growth Enterprise Market (“GEM”) of The Stock Exchange of Hong Kong Limited (“SEHK”). Somerley Capital Limited, its indirect wholly-owned subsidiary of Somerley Capital, is one of the most active financial advisers, based on certain league table rankings published by Mergermarket and Thomson Reuters for the years 2015 and 2016. Offering Details Somerley Capital is offering 35,000,000 Shares at the Offer…

China Leon Inspection Holding Limited (the “China Leon” or the “Company”, Stock Code: 1586.HK) is pleased to announce its annual results for the 12 months ended 31, December 2016 (the “Review Period”), and has passed the resolution for the proposed payment of the final dividend of RMB0.025 per share for this year. During the Review Period, China Leon operated well in the year and recorded a stable and sound growth in its performance. The Company recorded a revenue about RMB186.5 million, a gross profit about RMB96.4 million and a net profit about RMB33.6 million, representing an increase of 19.7%, 19.8%…

HONG KONG — Hong Kong-based global power equipment and floor care company Techtronic Industries Co. Ltd. (“TTI” or the “Group”) (stock code: 669, ADR symbol: TTNDY) announced its results for the financial year ended December 31, 2016. Revenue increased 8.8% over 2015 to US$5.5 billion, through continued investments in new product development, R&D and marketing. Revenue before currency adjustment rose 9.8% with all geographic regions delivering solid growth. Its core strengths of innovation, execution and speed to market are the prime competitive advantages driving TTI’s success. Gross profit margin improved from 35.7% to 36.2% driven by new product introductions, mix, operating…

HONG KONG — China Renewable Energy Investment Limited (“CRE” or the “Company”, and with its subsidiaries, collectively, the “Group”) (HKEx: 987) announced today its annual results for the year ended 31 December 2016. Results Highlights: – Net profit attributable to equity holders increases 51% to HK$61.1 million (2015: HK$40.5 million) – Basic net profit per share at HK2.59 cents per share (2015: HK1.72 cents per share) – Net asset value per share of HK66.47 cents per share – CRE’s wind farm utilisation hours at 2,038 hours are now 17% higher than the national average of 1,742 hours In 2016, the…

SEOUL, KOREA – Suprema, a global leader in biometrics, today announced the launch of its new SFM6000 Series fingerprint embedded modules. Loaded with the range-leading 1GHz CPU and latest Suprema algorithm, the new SFM6000 Series achieves the world’s fastest matching speed of up to 5,000 matches per second and massive user capacity of up to 25,000 fingerprint templates. For developers, the new SFM6000 Series now allows the easier integration by supporting open source hardware platforms including Arduino and Raspberry pi. SFM6000 Series is designed to provide optimal fingerprint authentication solution for various areas including access control terminals, time attendance devices, door locks,…