Author: Marie Jones

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…

To Design and Build Water Supply Facilities for The World’s 10th Fastest Growing Economy HONG KONG — Asia Allied Infrastructure Holdings Limited (“Asia Allied Infrastructure” or “the Group”) (stock code: 00711) is pleased to announce that it has, together with two independent third parties, entered into a contract with Manila Water Company, Inc. to design and construct the Novaliches-Balara Aqueduct 4 (the “Project”) in the Philippines. Mr. Dominic Pang, Chairman of Asia Allied Infrastructure, said, “We are glad to have made our first mark in the Philippines market this year. Supported by strong government spending and construction projects, the Philippines economy…

Completes Business Transformation; Pursues The Strategy of Diversifying Business and Developing Value-added Businesses At Full Strength HONG KONG — China Goldjoy Group Limited (“China Goldjoy” or the “Group”; HKEX: 1282) has announced its interim results for the six months ended 30 June 2017. The Group has transformed and diversified its business to include high-value service operations that promise abundant business opportunities and continued to perform well in the first half of 2017. China Goldjoy has officially been included as a constituent stock of the MSCI Hong Kong Small Cap Index since 1 June 2017, which reflected its market recognition. During the…

Seizes Development Opportunity & Focuses on Tourism and Cultural Industries HONG KONG — The Board of China Household Holdings Limited (“China Household” or the “Group”, proposed name change to “Shenzhou Space Park Group Limited”; Stock Code: 692) announced today the major transaction in relation to acquisition of the China Aerospace-Themed Tourism Township Project was completed on 24 August 2017. This symbolizes the Group is actively seizing the opportunity of China’s aerospace technology development, and its relentless efforts in developing tourism and cultural industries. According to the agreement, China Household acquired the China Aerospace-Themed Tourism Township Project by purchasing the entire issued…

Realized Steady Growth in New Vehicles Sales with High Appreciation Gains from FMC HONG KONG — China Harmony New Energy Auto Holding Limited (China Harmony New Energy Auto or the”Group”, Stock Code: 3836.HK) is pleased to announce the unaudited consolidated results of the Company and its subsidiaries (the”Group”) for the six months ended 30 June 2017. RESULTS HIGHLIGHTS: – Revenue of the Group amounted to approximately RMB5,085.2 million, representing an increase of 3.2% as compared with the same period of 2016, of which revenue from sales of new vehicles increased by 7.6% to RMB4,314.5 million. – The Group’s EBITDA amounted to…

Enriches and Optimizes Product Portfolio; Development Expansion by External Cooperation; Active Mergers and Acquisitions Boost Growth HONG KONG — China Resources Pharmaceutical Group Limited (“CR Pharmaceutical” or the “Group”) (stock code: 3320), announced its interim results for the six months ended 30 June 2017 (“Reporting Period”). As at 30 June 2017, the Group recorded total revenue of approximately HK$82,737.6 million, representing an increase of 9.4% year-on-year (an increase of 15% in RMB terms). Revenue of its three major business segments, namely pharmaceutical manufacturing, pharmaceutical distribution and pharmaceutical retail, accounted for 13.9%, 83.5% and 2.6% of the Group’s total revenue, respectively. The…

Gross Gas Production Elevates by 16% ; Profit from Operations and EBITDA Surges by 17.9% and 21.5% Respectively; Growth Momentum Continues with Realized Net Sales Revenue Up by 16.7% HONG KONG — AAG Energy Holdings Limited (“AAG Energy” or the “Group”; HKEX code: 2686), a leading independent coalbed methane (“CBM”) producer in China, announced its unaudited condensed interim results for the six months ended 30 June 2017 (“review period”). Despite the low natural gas price in China and the global Oil and Gas market becoming increasingly competitive, AAG Energy remained strong and continued to deliver business growth. In the first half…

Profit Attributable to the Owners of the Company Up 3.0% to HK$125 Million; Maintaining Steady Profitability Breaking New Ground in Drug Development HONG KONG — Lee’s Pharmaceutical Holdings Limited (“Lee’s Pharm” or the “Group”, Stock Code: 950), an integrated research-driven and market-oriented pharmaceutical group in China, today announced its interim results for the six months ended 30 June 2017 (the “period under review”). During the period under review, the Group managed to bring the net profit growth back to the positive territory with the aid of the encouraging momentum in both revenue and net profit growth during the second quarter. The…

New campus offers moderately priced, high quality international curriculum SINGAPORE — One World International School (OWIS) announced today it will invest more than S$10 million (US$7.4 million) in a first-of-its kind school in Singapore with up to 1,200 places for expatriate children aged three to 18 years, with tuition fees that will be about 60% less than that charged by major international schools in the country. OWIS recently won a tender, hotly contested by 12 parties, that was awarded by the Singapore Economic Development Board (EDB) to operate a moderate-fee international school based on price and quality of education. School fees…

Today’s announcement a boon to Singapore’s efforts to become a leader in AI. SINGAPORE — Taiger, a Singapore-based company specialising in applied Artificial Intelligence (AI) solutions, has successfully closed its Series A round. The S$8 million funding was led by Tembusu ICT Fund I and included SGInnovate, in a boon to Singapore’s efforts to become a leader in AI. AI has taken the world by storm – organizations, from the big players in technology to governments, are aggressively pumping up R&D efforts and investments in this area. Yet most of the companies in the increasingly crowded AI space come from a…

Net Profit Increases by a Sharp 88% to HK$364.2 Million HONG KONG — HKC (Holdings) Limited (“HKC” or the “Group”) (HKEX: 190), which is principally engaged in property development and investment activities with a primary focus in the P.R.C., has today announced its interim results for the six months ended 30 June 2017. Results Highlights: – Turnover recorded at HK$838.5 million (2016 Interim: HK$635.4 million), up by 32% – Gross profit at HK$271.0 million (2016 Interim: HK$232.9 million), an increase of 16% – Profit attributable to equity holders increased 88% to HK$364.2 million (2016 Interim: HK$193.9 million) – Basic net profit…