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 Saturday, March 22, 2008
It's just my personally view of the inflation of China: trigged by pork &food, further elevated by PPI and other factors in global raw material,grain price boom. Generally, I am not so pessimistic as others in the pridiction of 2008's inflation trend.I am not saying that the 2008 inflation pressure in China will be lighten, but I just didn't feel it caused a large scare of price increase amony people when I was in China the last Dec. In my city, a middle sized city in China,everyone did realize the price change in the life necessaries,and maybe some people need to make some budget plan,but you can still see people crowded in the market,even those from disadvantaged background, with basket full as usual to prepare for a happy Chinese New Year. No any disorders.
posted on 3/22/2008 2:10:53 PM (Eastern Daylight Time, UTC-04:00)  #    Comments [0] Trackback
 Thursday, March 20, 2008
This notice is made pursuant to section 99 of the Companies Ordinance (Chapter 32 of Laws of Hong Kong). Reference is also made to the 2007 annual results announcement of China Mobile Limited (the ‘‘Company’’) published on 19 March 2008. Notice is hereby given that the register of members of the Company will be closed from 6 May 2008 to 8 May 2008 (both days inclusive). During this period, no transfer of shares will be registered. In order to qualify for the 2007 ordinary final and special final dividends, all transfers of shares accompanied by the relevant share certificates must be lodged with the Company’s share registrar, Hong Kong Registrars Limited, at Shops 1712–1716, 17th Floor, Hopewell Centre, 183 Queen’s Road East, Wan Chai, Hong Kong not later than 4:30 p.m. on 5 May 2008. The ordinary final and special final dividends will be paid on or about 21 May 2008 to those shareholders on the register of members on 8 May 2008.
posted on 3/20/2008 8:32:23 AM (Eastern Daylight Time, UTC-04:00)  #    Comments [0] Trackback
Business Prospects: Looking forward in 2008, the global economy will hopefully maintain steady growth, and the Chinese economy will maintain its rapid growth momentum. These will continue to fuel the demand for oil and natural gas and petrochemical products. Government regulations will become more stringent. The public will be more concerned with changes in crude oil prices and stability in oil and gas supply. Confronted with complicated and ever changing external environments, and ever increasing market competition, the Group will seek new growth engines positively in order to achieve good and rapid business developments, and continue to implement the three main strategies in the areas of resources, marketing and internationalisation of operations.
posted on 3/20/2008 8:27:43 AM (Eastern Daylight Time, UTC-04:00)  #    Comments [0] Trackback
 Wednesday, March 19, 2008
The board of directors (the “Board”) of China Telecom Corporation Limited (the “Company”) announces that a meeting of the Board of the Company will be held on Monday, 31 March 2008 to approve, among other matters, the annual results of the Company and its subsidiaries and to consider the payment of the final dividend for the year ended 31 December 2007.
posted on 3/19/2008 10:55:51 AM (Eastern Daylight Time, UTC-04:00)  #    Comments [0] Trackback
The Board is pleased to disclose the operational statistics of the Group for the month of February 2008. The Board of the Company (the “Board”) is pleased to disclose the operational statistics of the Company and its subsidiaries (collectively the “Group”) for the month of February 2008. Operational statistics for the month of February 2008 and the comparative figures for the previous month are as follows:
posted on 3/19/2008 10:51:47 AM (Eastern Daylight Time, UTC-04:00)  #    Comments [0] Trackback
In recent years, international crude oil prices have been fluctuating at a high level, and the prices has surged substantially since the second half of 2007. The stringent control on the prices of domestic petroleum product in China has led to a distortion to the correlation in prices between crude oil and petroleum products. As part of non-state owned or controlled local refineries failed to operate in full capacity or even closed down because of the loss and there had been an increased consumption of diesel during the winter period in 2007, there were supply shortages of petroleum products in certain regional markets. In order to safeguard the stable operation of the petroleum product market, China Petroleum & Chemical Corporation and its subsidiaries (including the Company) have adopted a variety of measures to safeguard the supply of petroleum products in the domestic market, achieving significant results. Accordingly
posted on 3/19/2008 10:45:22 AM (Eastern Daylight Time, UTC-04:00)  #    Comments [0] Trackback
Financial Results
In 2007, the Group’s operating revenue continued to grow, reaching RMB356,959 million, representing an increase of 20.9 per cent. over the previous year. Profitability was significantly enhanced, and profit attributable to shareholders reached RMB87,062 million — an increase of 31.9 per cent. over the previous year. Margin of profit attributable to shareholders reached 24.4 per cent., which is high compared to industry standards. EBITDA reached RMB194,003 million, representing an increase of 21.6 per cent. over the previous year while basic earnings per share reached RMB4.35, an increase of 31.0 per cent. over the previous year. I am delighted to say that the Company’s financial strength as shown by its strong cash flow and sound capital structure provides a solid foundation for sustainable future development.
posted on 3/19/2008 10:28:50 AM (Eastern Daylight Time, UTC-04:00)  #    Comments [0] Trackback
In 2007, on the whole, international crude oil prices continued to soar. In particular, since September 2007, oil prices broke the US$80 per barrel and US$90 per barrel marks, reaching nearly US$100 per barrel by the end of the year. In general, market considered the surge in the crude oil prices was primarily due to factors including strong growth in demand, a decline in crude oil inventories, speculative activities, geopolitical instabilities in certain oil producing countries and continued weakening of the US dollars. The annual average prices for WTI, Brent and Minas crude oil were US$72.16, US$72.38 and US$73.40 per barrel, respectively, representing an increase of US$6.12, US$7.32 and US$8.16 per barrel, respectively, over the annual average prices in 2006. Corresponding to the rise in international crude oil prices, the average price for domestic crude oil in 2007 was higher than that of 2006. According to the relevant statistics, domestic crude oil imports continued to increase in 2007 by 14.4% to a net total of 159 million tons compared with the previous year. Domestic crude oil output and the amount of crude oil processed reached 186 million tons and 306 million tons, respectively.
For the twelve months ended December 31, 2007, profit before taxation of the Group was RMB204,381 million, representing an increase of 2.6% compared with the previous year. Net profit attributable to equity holders of the Company (“Net profit”) was RMB145,625 million, representing an increase of 2.4% compared with the previous year. The main performance indicators of the Group have achieved record high again and the overall business strengths of the Group improved markedly. Major discoveries were made through the Group’s oil and gas exploration. The oil and gas output reached another historical high in 2007. Production and marketing of refined products were steady, and the Group was able to effectively meet market demands. There was rapid progress in the development of natural gas pipelines, and construction of key projects was smooth. Development of the international operations of the Group has continued, paving the way for gradual expansion in the scale of the business of the Group’s international operations.
posted on 3/19/2008 9:41:48 AM (Eastern Daylight Time, UTC-04:00)  #    Comments [0] Trackback
 Tuesday, March 18, 2008
The unaudited accumulated premiums income of the Company for the period from 1 January 2008 to 29 February 2008 was about RMB59.7 billion. The figure is to be released on CIRC's website at www.circ.gov.cn.
posted on 3/18/2008 9:44:48 AM (Eastern Daylight Time, UTC-04:00)  #    Comments [0] Trackback
 Monday, March 17, 2008
HIGHLIGHTS • Consolidated revenue amounted to RMB76,180 million, an increase of 17.51% over 2006. • Consolidated profit attributable to the equity holders of the Company for the year was RMB10,245 million and earnings per share was RMB0.82. • Production of primary aluminum reached 2.8 million tonnes, an increase of 45.08% over 2006.
posted on 3/17/2008 8:52:45 AM (Eastern Daylight Time, UTC-04:00)  #    Comments [0] Trackback
 Thursday, March 13, 2008
The Board of Directors (the “Board”) of China Life Insurance Company Limited (the “Company”) hereby announces that a Board meeting will be held on Tuesday, 25 March, 2008 for the purpose of considering and approving the final results of the Company for the year ended 31 December, 2007 and the recommendation of a final dividend, if any, and transacting any other business.
posted on 3/13/2008 3:52:53 PM (Eastern Daylight Time, UTC-04:00)  #    Comments [0] Trackback
 Wednesday, March 12, 2008
Shares of Chinese equities listed on U.S. exchanges, referred to as ADRs, are trading sideways after the open. Large cap stocks seem to be consolidating after yesterday's huge rally with Baidu.com as exception. China's search engine giant, Baidu, is up another $5.27 at $265.66 passing the $260 resistance level easily. Baidu reported strong 2007 Q4 and full year earnings yet was on the low side, following weak market sentiment. But this time when sentiment is undecided, fundamentals came back on play, propelling Baidu back to the $260+ range.
posted on 3/12/2008 10:26:32 AM (Eastern Daylight Time, UTC-04:00)  #    Comments [0] Trackback
 Tuesday, March 11, 2008
Major U.S. indices welcomed the news seding the DJIA up 272 points to12,012. Chinese ADRs followed suit with top ten movers on the table below. Momentum kept rolling and Chinese ADRs had the best day in modern history: all major Chinese ADR indices rallied over 6 percent. The China ADR Index (CAI) rose 7.79% or 77.88 points today to close at 860.68. Index heavy-weights pulled the index with energy companies leading. All of China's oil triumvirate advanced, PetroChina (PTR), CNOOC (CEO) and Sinopec (SNP). China's third largest cola miner Yanzhou Coal (YZC) was on fire just as China's leading search engine giant, Baidu.com (BIDU).
posted on 3/11/2008 10:03:46 AM (Eastern Daylight Time, UTC-04:00)  #    Comments [0] Trackback
Special Notification China Shenhua Energy Company Limited and all members of its board of directors warrant the authenticity, accuracy and completeness of the information contained in this announcement, and jointly and severally accept full responsibility for any misrepresentation, misleading statements or material omissions contained in this announcement.
posted on 3/11/2008 9:15:00 AM (Eastern Daylight Time, UTC-04:00)  #    Comments [0] Trackback