China Stocks: Air China, Cosco Shipping, Nari, Sinovel Wind

The Shanghai Composite Index, which tracks the bigger of China’s stock exchanges, rose 6.41, or 0.2 percent, to 2,827.71 at the 3 p.m. close. The CSI 300 Index declined less than 0.1 percent to 3,141.28. Stock symbols are in parentheses after company names.

Airlines: Air China Ltd. (601111 CH), China’s largest international carrier, rose 1.6 percent to 13.09 yuan. China Southern Airlines Co. (600029 CH), the nation’s biggest carrier by fleet size, advanced 2.9 percent to 9.74 yuan.

The nation’s carriers aim for passenger traffic of 300 million this year, up 13 percent from 2010, the Civil Aviation Administration of China said in a statement.

Changjiang Securities Co. (000783 CH) dropped 1.8 percent to 11.25 yuan after saying net income for 2010 fell 7.3 percent from a year earlier to 1.3 billion yuan ($196.8 million).

Cosco Shipping Co. (600428 CH), a unit of China’s biggest shipping company, gained 0.8 percent to 7.92 yuan. The company said on Jan. net income for 2010 more than doubled to 349 million yuan. The stock resumed trading today after being suspended since Jan. 5.

NARI Technology Development Ltd. (600406 CH), a manufacturer of power automation products, added 3.5 percent to 64.70 yuan after saying it expects 2010 net income to rise more than 90 percent from a year earlier on increasing orders.

Sinovel Wind Group Co. (601558 CH), the country’s biggest maker of wind turbines, slid 9.6 percent from its offer price to 81.37 yuan on the first day of trading in Shanghai. The company raised 9.5 billion yuan in the initial public offering.

Tianjin Zhonghuan Semiconductor Joint-Stock Co. (002129 CH), a maker of discrete semiconductor devices, declined 6.9 percent to 27.53 yuan after saying it plans to raise as much as 2.4 billion yuan from a share placement. The stock resumed trading today after suspension starting Jan. 7.

--Zhang Shidong. Editors: Allen Wan

To contact Bloomberg News staff for this story: Zhang Shidong in Shanghai at +86-21-6104-3040 or szhang5@bloomberg.net

To contact the editor responsible for this story: Darren Boey at dboey@bloomberg.net

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