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China Stocks: China Cosco, Phenix Optical, Shanghai 3F, Tsingtao

The following companies had unusual price changes in China trading. Stock symbols are in parentheses and share prices are as of the 3 p.m. close.

The Shanghai Composite Index, which tracks the bigger of China’s stock exchanges, gained 0.9 percent to 2,911.51. The CSI 300 Index (SHSZ300) advanced 1 percent to 3,192.72.

China Cosco Holdings Co. (601919 CH) slipped 1.6 percent to 9.41 yuan, the lowest since Jan. 17. The company posted a net loss of 503 million yuan in the first quarter, according to a statement to the Shanghai Stock Exchange yesterday.

China Eastern Airlines Corp. (600115 CH), the nation’s second-biggest carrier, gained the most in a week, adding 2.4 percent to 6.32 yuan. The airline’s first-quarter net income rose 32 percent from a year earlier to 1.01 billion yuan, according to a statement to the Hong Kong stock exchange yesterday.

China Petroleum & Chemical Corp. (600028) (600028 CH), Asia’s biggest refiner, advanced 1.4 percent to 8.64 yuan. The company’s first-quarter net income climbed to 20.6 billion yuan from a year earlier, according to a statement to the Hong Kong stock exchange yesterday. That compares with a median 19.9 billion-yuan estimate from five analysts surveyed by Bloomberg.

China Railway Construction Corp. (601186 CH), the builder of more than half the nation’s railroads, rose 1.8 percent to 6.75 yuan, the first increase in seven days. The company’s first-quarter net income rose 22.6 percent to 1.7 billion yuan from a year earlier, according to a statement to the Shanghai Stock Exchange yesterday.

Phenix Optical Co. (600071 CH) slid to the lowest since Oct. 27, slumping 5.5 percent to 1097 yuan. The company’s net income dropped to 1.2 million yuan in the first quarter from 10.3 million yuan a year earlier, according to a statement to the Shanghai Stock Exchange yesterday.

Shanghai 3F New Materials Co. (600636) (600636 CH) surged by the maximum daily limit of 10 percent to 30.48 yuan. The company’s net income rose to 222 million yuan in the first quarter, according to a statement to the Shanghai Stock Exchange yesterday. The compares with 1.3 million yuan in the year- earlier period, according to a previous company statement.

Tsingtao Brewery Co. (600600 CH) jumped 2.4 percent to 33.75 yuan, the most since Feb. 14. The beer maker said first- quarter net income climbed 40 percent from a year earlier to 393 million yuan, according to a statement to the Shanghai Stock Exchange yesterday.

--Irene Shen, Feiwen Rong. Editor: Allen Wan

To contact Bloomberg News staff for this story: Irene Shen in Shanghai at +86-21-6104-3040 or Ishen4@bloomberg.net

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

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