- CNTV English - CCTV News

Mainland giants release H1 reports

08-23-2010 10:39 BJT

Watch Video

Play Video

A number of mainland listed heavyweights issued their half year earning reports over the weekend. Now let's take a quick look.

China Construction Bank, the country's second largest bank, says its net profit in the first half of this year jumped 27 percent. Key contributors to the rapid year-on-year growth of net profit were increased credit supply, service and product innovation, and decreased impairment losses.

Sinopec's net profit in the first half of this year edged up 6.7 percent. China's top refiner attributes "encouraging operational results" in the first half, to the steady progress of China's economic recovery and growing demand for petroleum and petrochemical products.

And Wuhan Iron and Steel Company says its net profit rose more than 90 percent year, as strong economic growth boosted steel demand and prices. But China's third largest steel maker is likely to face a difficult time in the second half of 2010. Meeting its full-year profit target will become a "challenging task", as demand from the auto, home appliance and real estate sectors experienced "drastic changes" since July, leading to more restrained sales and falling prices.

Editor:Xiong Qu |Source: CNTV.CN

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program