Core Business Steadily Increased; Concrete progress for Internationalization HONG KONG — Luye Pharma Group Ltd. (the “Company”, together with its subsidiaries, “Luye”, stock code: 2186.HK), a leading innovative pharmaceutical company in China with strong R&D capability and a global vision, announced on 29 March its annual results for the year ended 31 December 2016. In the year under review, Luye recorded continuous and steady growth in both revenue and net profit. Revenue increased by 13.8% year-on-year to RMB2,918 million; consolidated net income attributed to owners of the company amounted to RMB892 million, representing a 18.2% year-on-year increase. The year 2016 saw…
Author: Marie Jones
HONG KONG — SMIT Holdings Limited (“SMIT” or the “Company” together with its subsidiaries, the “Group”; HKE:2239), a leading global CAM supplier and major mPOS supplier in China, has signed a memorandum of understanding (“MOU”) to enter Series A finance as the lead investor in Mainsweb Technology (Shenzhen) Company Limited (“Mainsweb”). The deal opens the cross-border e-commerce market and O2O smart terminal business, and offers the development opportunities presented by overseas online shopping. The unique operating model also provides solutions for retailers facing the challenges posed by the intense competition from online shopping. Mainsweb has developed eb56.com for overseas suppliers and,…
Bolsters Operations amidst Recovery of Crude Oil Price; Strategic Three-Year Development Plan in Place to Unleash Full Inventory Potential HONG KONG — Persta Resources Inc. (“Persta Resources” or the “Company”, stock code: 3395), a Calgary-based energy company principally engaged in natural gas and crude oil exploration and production in Western Canadian Sedimentary Basin (“WCSB”), with a focus on natural gas, announced its first annual results for the year ended 31 December 2016 (“FY2016”) since its listing on the Main Board of The Stock Exchange of Hong Kong Limited on 10 March 2017. Financial and Operating Highlights – Full-year revenue grew by…
– Strive for Innovation and Transformation in Development during the Past Decade – Persist in Value-driven Principle to Enhance Efficiency – Distribute Special Dividend to Increase Shareholders’ Return HONG KONG — China Communications Services Corporation Limited (“China Comservice” or the “Company”), and its subsidiaries (the “Group”) (HKSE code: 552), today announced its audited annual results for the year ended 31 December 2016. Enhanced Operating Performance In 2016, facing the slow recovery of global economy and the “New Normal” in the economic development of China, the Group stayed vigilant and made innovative breakthroughs, and achieved satisfactory operating results through further market expansion…
Cross-border asset management and investment platform makes remarkable progress with total fundraising up 79% to HK$87.5 billion HONG KONG — China Everbright Limited (“CEL” or “the Group”, 165.HK) today announced its audited annual results for the year ended 31 December 2016. CEL made substantial progress in 2016 in all areas of its business, primarily by expediting plans to enter new industry sectors, actively promoting overseas investments, and leveraging the strength of its domestic and foreign financing platforms. During the reporting period, CEL posted operating income of HK$2.17 billion, up 2% compared with last year. Other net income, derived mainly from investment…
Great Increase in the Sales Volume of Raw Milk and Import Trading Business; Revenue Increased by 99.1% HONG KONG — China ZhongDi Dairy Holdings Company Limited (“ZhongDi Dairy” or the “Company” ) (stock code: 1492.HK) and its subsidiary companies (collectively referred to as the”Group”) is pleased to announce the results for the year ended 31 December 2016 (the “Reporting Period”). The Group mainly operates two major businesses, dairy farming business and import trading business. In the reporting period, the Group’s revenue was RMB 961.9 million as compared to RMB 483.1 million for the year ended 31 December 2015, representing a year-on-year…
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 that its power discrete platform has crossed the shipment mark of 5-million wafers. Thanks to the strong market demand for Super Junction MOSFET (“SJNFET”) and IGBT, Hua Hong Semiconductor has so far delivered 200,000 wafers of its unique and competitive vertical trench SJNFET and 30,000 wafers of Field Stop (“FS”) IGBT, which are still increasing rapidly. Power discrete that plays a more and more instrumental role in such areas as mobile…
Revenue Amounts to RMB224.1 Billion; Contracted Sales from International Business Soar 40% HONG KONG — The world’s largest supplier of rail transit equipment with the most complete product lines and leading technologies, CRRC Corporation Limited (“CRRC” or the “Company”, HK.1766), today announced its annual results for the period ended 31 December 2016 (the “year under review”). During the year under review, as the largest rail transportation equipment supplier worldwide, CRRC actively adapted to the ever-changing market environment and rose to market challenges. Through transformation, upgrades, reform and development, the Company made well-targeted efforts in market expansion, international operation, technical innovation and…
Turnover Increases by 31.3% to HK$2.5 Billion; Profit Attributable to Owners of the Company Reaches HK$192 Million HONG KONG — Neo Telemedia Limited (“Neo Telemedia” or the “Company;” stock code: 8167, together with its subsidiaries, the “Group”) is pleased to announce its annual results for the year ended 31 December 2016. The Group continued to seize the opportunities presented by the Internet and big data era. Riding on the momentum from the acquisitions of Guangdong Bluesea Mobile Development Company Limited (“Bluesea Mobile”) and Million Ace Limited and its subsidiaries (collectively referred to as “Million Ace Group”) in 2015, the Group recorded…
Strategic Focus on Three Sectors and Overseas, coupled with efficient “Post-investment Management + Services”, Boosting the Value of Sustained Release HONG KONG — Legend Holdings Corporation (“Legend Holdings” or the “Company”; HK:3396) is pleased to announce the audited annual results of the Company and its subsidiaries for the year ended December 31, 2016 (the “Reporting Year”). – Combined revenue was RMB307 billion, of which revenue from continuing operations was RMB294.7 billion. – Net profit attributable to equity holders of the Company was RMB4,859 million, an increase of 4.3% compared with last corresponding year; of which, net profit from continuing operations attributable…
Moving Forward Steadily for Sustainable Growth with a Solid Foundation and Continuous Innovation HONG KONG — Hengdeli Holdings Limited (“Hengdeli” or the “Company” and, together with its subsidiaries, the “Group”; HKSE: 3389), a world-leading retailer of internationally renowned brand watches and manufacturer of watch accessories, announced its annual results for the year ended 31 December 2016 (“year under review”). In 2016, consumer sentiment has been affected due to the unstable political environments around the globe. Despite the Group’s best efforts, amidst this adverse operating environment, Hengdeli could not counter a decline in sales that were the result of adverse macro conditions…
HONG KONG – During 2016, China’s economy moved to a new normal, with an estimated GDP growth rate of 6.7%. The stable economic operation advanced, which marked a good start of the 13th Five-year Plan period. In the beginning year of supply-side structural reforms, the policies of “addressing overcapacity, reducing inventory, deleveraging, lowering costs, and bolstering areas of weaknesses” received initial success with increasing economic growth factors. After the closing of the two national meetings, the market has been concerned about this year’s economic situation. Among the many industries, automotive industry continues to flourish, extending last year’s strong trend. According…
Insist On Holding And Selling, Rise Overall Strength Continuously HONG KONG — Joy City Property Limited (“Joy City Property” or the “Company”, Stock Code: 0207) announce the consolidated results of the Company and its subsidiaries (the “Group”) for the year ended 31 December 2016 (the “Period”). – Total revenue was 6,987 million RMB, increased by 30% YOY – Cash held by the Group amounted to 8,828 million RMB increased by 133% .(2015: 3,796 million RMB) – Gross profit increased by 30% to 3,760 million RMB; Gross profit margin was 53.82%. – Excluding the non-cash income, core net profit increased by 20%…
SINGAPORE – BlackGold Natural Resources Limited refers to the company’s announcement on 24 February 2017 in relation to the receipt of the purchase order for the supply of coal to an Indonesian state-owned company, PT Semen Padang (Cement Padang). The group is pleased to announce that its subsidiary, PT Samantaka Batubara (“PT SB”), has successfully completed its first coal delivery to Cement Padang in relation to the Purchase Order. The Purchase Order from Cement Padang has an approximate value of US$12.6 million and, barring unforeseen circumstances, the Group expects to complete the Purchase Order periodically within the next 10 months.…
Prolonged prenatal ultrasound exposure leads to decreased bone density and strength in young rabbits. Researchers analyzed the effects of ultrasound exposure on baby rabbits and found the rabbits had lower bone density, raising questions about the common use of ultrasounds on pregnant women worldwide. (Copyright: 123rf/Pavel Losevsky) Selangor, Malaysia — Young rabbits exposed to ultrasound during fetal development had weaker thighbones than unexposed rabbits, according to a study published in the Pertanika Journal of Science & Technology. While the finding applies to a relatively small group of test subjects, 142 young rabbits, it raises questions about the rising use of prenatal…
Going Global in Full Gear under the Dual Strategy of “Education Investment Plus Financial Services” HONG KONG — China First Capital Group Limited (“CFCG” or the “Group”; stock code: 1269), has announced its annual results for the year ended 31 December 2016. In 2016, the Group recorded revenue of RMB1,479 million, while profit for the year amounted to RMB179 million. Basic earnings per share were RMB0.27. As of the end of 2016, the total assets of the Group was RMB7,266 million, representing a 2.8-times increase compared to the beginning of the year, while net assets were RMB3,036 million, representing a three-times…
PERTH, W. AUSTRALIA – Proteomics International Laboratories Ltd (PILL; ASX:PIQ) is the leader in predictive diagnostics for diabetic kidney disease, according to an independent Frost & Sullivan report released this month. PILL managing director Dr Richard Lipscombe is in Shanghai this week meeting with possible commercialisation partners for China, and was showcasing PromarkerD at the China-Australia Biotech Investment forum in Shanghai today. Dr Lipscombe said the new report, titled Biomarkers Enabling Diabetes and Obesity Management, identifies PromarkerD as the world leader. The report says novel biomarker research is likely to transform the future of obesity and diabetes management. Frost & Sullivan…
Turnover and Profit Reach New Highs Up 61% and 35% Respectively; Diversifies Business Portfolio and Expands Exposure in Asset Management HONG KONG — Differ Group Holding Company Limited (“DFH” or the “Group”) (stock code: 6878), a leading provider of short- to medium-term financing and financing-related solutions in the PRC, has announced another successful year for the Group, with satisfactory annual results for the financial year ended 31 December 2016 (the “Year”). Turnover surged by 61.0% YoY to approximately RMB294.9 million and profit attributable to shareholders soared by 30.6% YoY to approximately RMB135.5 million. Basic earnings per share amounted to approximately RMB3.20…
HONG KONG — Jilin Jiutai Rural Commercial Bank Corporation Limited is pleased to announce its annual results of the Group and its subsidiaries for the 12 months ended 31, December 2016. The Group’s strategic goal is to expand its footprint across all of China and build a leading modern PRC rural commercial banking group with strong brand value. In 2016, Jiutai Rural Commercial Bank experienced rapid growth in both scale of operations and financial performance.This growth is largely attributable to the Group’s success in executing its business strategies, excellent geographic location, business innovation, efficient operations and management capabilities. The Group’s performance…
Tripartite Development of Real Estate Development, Internet Financing and Real Estate Funds 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, announced its annual results for the year ended 31 December 2016 (the “year under review”). The Company recorded total revenue of approximately RMB16,919 million, an increase of 197% year-on-year. Profit for the year attributable to owners of the Company was approximately RMB1,113 million, representing a year-on-year growth of 406%. The Board of Directors proposed a…