On 18 March 2008, China State Shipbuilding, China Aluminum, Air China and Huaxia Bank issued their 2007 annual reports, among which, the annual report of China State Shipbuilding has became the focus of attention of investors.

In 2007, China State Shipbuilding's operating revenue was RMB 17.88 bln, an increase of 52% as compared with 2006 and net profit was RMB 2.92 bln, an increase of 140%. China Aluminum's net profit was RMB 10.23 bln with EPS of RMB 0.82. Air China's, its net profit was RMB 3.88 bln, a YOY increase of 30%, and EPS were RMB 0.33.

Net profit for Huaxia Bank was RMB 2.1 bln, an increase of 44% and EPS were RMB 0.50. The company plans to raise RMB 11.56 bln through a private placement of shares to Shouguang Group, the State Grid and Deutsche Bank.


Source: Shanghai Securities News

Date: 18 March 2008

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