DongFeng Automobile, Guoyuan Securities: China Equity Preview

Shares of the following companies may have unusual moves in China trading. Stock symbols are in parentheses and prices are as of the previous close, unless stated otherwise.

The Shanghai Composite Index, which tracks the bigger of China’s stock exchanges, dropped 8.22 points, or 0.3 percent, to 2,470.52. The CSI 300 Index (SHSZ300) fell 0.8 percent to 2,723.30.

Citic Securities Co. (600030 CH): The brokerage said it had August net income of 27.4 million yuan ($4.3 million) on sales of 233.8 million yuan, according to a statement to the Shanghai Stock Exchange. The stock gained 0.5 percent to 11.72 yuan.

DongFeng Automobile Co. (600006 CH): The automaker said its August vehicle sales fell to 21,551 units from 22,977 a year earlier, according to a statement to the Shanghai stock exchange. Vehicle output in August declined to 21,117 units compared with 22,880 a year earlier, the statement said. The stock slid 1.3 percent to 3.77 yuan.

Guoyuan Securities Co. (000728 CH): The brokerage’s August net income was 24.3 million yuan and profit for the first eight months was 484 million yuan, according to a statement to the Shenzhen Stock Exchange. The stock gained 0.2 percent to 9.65 yuan.

Industrial & Commercial Bank of China (601398) Ltd. (601398 CH): The world’s biggest lender by market value signed a three-year cooperation agreement with Taiping Life Insurance Co., according to a filing to the Hong Kong stock exchange. The stock fell 0.3 percent to 4.07 yuan.

SAIC Motor Corp. (600104 CH): The automaker said January- July vehicle sales volume rose 11 percent to 2.27 million units, according to a statement to the Shanghai Stock Exchange. July vehicle sales volume totaled 270,439 units, it said. The stock fell 4.2 percent to 14.75 yuan.

Wuhan Kaidi Electric Power Co. (000939 CH): The provider of environmental protection engineering services said it won approval from the China Securities Regulatory Commission to sell up to 1.18 billion yuan of bonds, according to a statement to the Shenzhen Stock Exchange. The stock fell 0.5 percent to 12.36 yuan.

Xinjiang Goldwind Science & Technology Co. (002202 CH): The wind generator manufacturer said the China Securities Regulatory Commission has approved its proposal to sell as much as 5 billion yuan of bonds, according to a statement to the Shenzhen stock exchange. The stock fell 0.4 percent to 10.90 yuan.

--Zhang Shidong, Zhang Dingmin. Editors: Glenn J. Kalinoski, Richard Richtmyer

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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