Naphjas Inc. |

01 Apr China’s new home sales slide for 10th month with buyers sidelined, lending push failing to halt liquidity crisis

Posted at 08:30h in Asia

China’s property developers recorded another set of dismal operating results as new home sales tumbled for a 10th straight month, suggesting it would be premature to expect a turnaround in a three-year slump in the industry.Sales at the nation’s 100 biggest home builders tumbled 46...

26 Mar China Resources Land posts 11.7% profit increase, sees stability ahead for property sector thanks to policy support

Posted at 06:00h in Asia

China’s troubled property market is on track for a gradual return to stability despite the many challenges it still faces, China Resources Land said as it posted another profitable year in 2023, extending its streak through all crises since at least 1997.Earnings at the nation’s...

23 Feb Tencent-backed Tuhu Car expects 2023 profit turnaround as post-pandemic travel surge boosted demand for vehicle repairs

Posted at 08:17h in Asia

Tuhu Car, a Chinese car maintenance and repair company listed in Hong Kong, said it expects its financial results for 2023 to reflect a turnaround in its business as a post-pandemic rebound in domestic travel boosted demand for its services.The Shanghai-based company expects to record...

31 Jan Chinese EV battery maker CATL expects 2023 profit to jump as much as 48 per cent as it maintains huge advantage over rivals

Posted at 05:30h in Asia

The company, based in Ningde in East China’s Fujian province, said in a filing to the Shenzhen Stock Exchange on Tuesday evening that earnings for last year would reach 42.5 billion yuan (US$6 billion) to 45.5 billion yuan, up by between 38.3 per cent...

30 Jan China’s BYD to post big jump in 2023 profit amid record EV deliveries, even as steep discounts dented margins

Posted at 05:05h in Asia

The Shenzhen-based company said in a filing to the Hong Kong and Shenzhen stock exchanges on Monday evening that its net profit for last year would come in at between 29 billion yuan (US$4.1 billion) and 31 billion yuan, a jump of 74.5 per...

earnings Tag

01 Apr China’s new home sales slide for 10th month with buyers sidelined, lending push failing to halt liquidity crisis

23 Feb Tencent-backed Tuhu Car expects 2023 profit turnaround as post-pandemic travel surge boosted demand for vehicle repairs

30 Jan China’s BYD to post big jump in 2023 profit amid record EV deliveries, even as steep discounts dented margins

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