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Goldwind, ICBC, Shenhua, Vanke, ZTE: China Equity Preview

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April 20 (Bloomberg) -- 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 58.29 points, or 1.9 percent, to 2,999.04. The CSI 300 Index fell 1.9 percent to 3,295.81.

Banking stocks: China told banks to conduct a new round of stress tests on real-estate loans to gauge the impact of a decline in housing prices. Banks should strengthen the management of property lending and loans to local government financing vehicles, China Banking Regulatory Commission Chairman Liu Mingkang said yesterday.

Industrial and Commercial Bank of China Ltd. (601398 CH), the world’s largest lender by market value, fell 2.4 percent to 4.56 yuan. Bank of Communications Co. Ltd. (601328 CH), part-owned by HSBC Holdings Plc, lost 2.3 percent to 5.97 yuan.

China Gezhouba Group Co. (600068 CH): The builder of hydropower projects said its parent plans to restructure with units of China State Grid Corp., China Southern Power Grid Co. and China Power Engineering Consulting Group Corp., and form a new company. The stock added 0.2 percent to 11.93 yuan on April 18 before suspension.

China Merchants Energy Shipping Co. (601872 CH): The oil shipping company said net income for the first quarter fell 54 percent from a year earlier to 103 million yuan. Profit for 2010 fell 80 percent from a year earlier. The shares fell 1.6 percent to 4.42 yuan.

China Merchants Property Development Co. (000024 CH): The property developer said net income for the first quarter gained 46 percent from a year earlier to 561.6 million yuan ($86 million). The shares fell 1.8 percent to 18.70 yuan.

China Vanke Co. (000002 CH): China’s largest real-estate developer by market value said net income rose 7 percent to 1.2 billion yuan. The shares fell 2 percent to 8.78 yuan.

China Shenhua Energy Co. (601088 CH): The unit of China’s largest coal producer said output jumped 29.5 percent in March from a year ago to 24.6 million tons. The shares fell 4.6 percent to 29.32 yuan.

Hong Yuan Securities Co. (000562 CH): The brokerage said net income fell 19 percent for the first quarter to 339 million yuan from a year earlier. The shares fell 2.6 percent to 18.32 yuan.

Huaneng Power International Inc. (600011 CH): The listed unit of China’s largest power group said first-quarter profit dropped 76 percent from a year earlier to 226.3 million yuan. The stock lost 1.4 percent to 5.83 yuan.

Minmetals Development Co. (600058 CH): Rizhao Steel Holding Group and Risun Holding Co. will take stakes in Minmetals’ medium plate plant in the northeastern Chinese city of Yingkou. The shares fell 3.1 percent to 34 yuan.

Xinjiang Goldwind Science & Technology Co. (002202 CH): The country’s second-biggest maker of wind turbines said net income for the first quarter fell 17 percent from a year ago to 206.2 million yuan. The company plans to raise as much as 5 billion yuan from selling bonds with a maturity of as long as 10 years. The shares fell 1.9 percent to 19.16 yuan.

Yunnan Copper Industry Co. (000878 CH): China’s fourth-biggest producer of the metal said net income rose 6 percent for the first quarter to 174.3 million yuan from a year ago. The shares fell 3.5 percent to 25.09 yuan.

ZTE Corp. (000063 CH): China’s second-biggest phone-equipment maker said first-quarter profit gained 16 percent from a year earlier to 127.3 million yuan as sales of handsets increased in the U.S. and Europe. The stock slipped 2 percent to 28.39 yuan.

To contact Bloomberg News staff for this story: Zhang Shidong in Shanghai at szhang5@bloomberg.net

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