August 20, 2011 (Chinavestor) Now that the Dow Jones Industrial Average (INDEXDJX:.DJI) is off 450 points or 4.0% for the week, China stock investors want to know which stocks fell apart and which ones remained resilient. Besides a wide ride of the markets, Chinese companies had a very busy earnings week with more than 35 companies reporting. That said, investors have to keep in mind that big moves were a result of corporate news more than reaction to market swings.
China XD Plastics (NASDAQ:CXDC), China Information Technology (NASDAQ:CNIT) and General Steel (NYSE:GSI) all reported blockbuster numbers. But disappointing earnings report hurt China Housing & Land Development (NASDAQ:CHLN), Vanceinfo Technologies (NYSE:VIT) and China TechFaith Wireless (NASDAQ:CNTF) the most.
LDK Solar (NYSE:LDK) lowered guidance and got slammed on Friday. But losses were not limited to just one stock, Suntech Power (NYSE:STP) fell before earnings next week along with ReneSola Ltd. (NYSE:SOL).
Baidu.com Inc. (NASDAQ:BIDU) fell along the market despite a record earnings report earlier the month, just like Changyou.com Inc. (NASDAQ:CYOU). NetEase.com Inc. (NASDAQ:NTES) reported record revenues and earnings but fell over 9% on Thursday just as the DJIA collapsed that day.