ZTE, Dongfeng Automobile, Maanshan Iron & Steel: China Equity Preview
The following companies may have unusual price changes in China trading. Stock symbols are in parentheses, and share prices are as of the last close.
ZTE Corp. (000063 CH): China’s second-biggest maker of telephone equipment said its half-year net income gained 12 percent from a year earlier to 877.5 million yuan ($129.2 million). The shares declined 0.4 percent to 22.68 yuan.
Dongfeng Automobile Co. (600006 CH): The truck maker said its first-half net income more than tripled from a year earlier to 382 million yuan. The shares gained 3.5 percent to 5.94 yuan.
China Railway Erju Co. (600528 CH): The company said its first-half net income rose 67 percent from a year ago to 465 million yuan. The shares gained 0.5 percent to 9.59 yuan.
China Merchants Energy Shipping Co. (601872 CH): The company said its first-half net income doubled from a year earlier to 442 million yuan. The shares gained 0.9 percent to 4.68 yuan.
Maanshan Iron & Steel Co. (600808 CH): China’s second- biggest Hong Kong-traded steelmaker returned to profit in the first half after a demand recovery elevated the company’s steel sales and prices. Shares gained 0.3 percent to 3.56 yuan.
Pingdingshan Tianan Coal Mining Co. (601666 CH): The company said its first-half net income gained 44.5 percent to 1.27 billion yuan. The shares rose 1.6 percent to 18.74 yuan.
China Railway Group Ltd. (601390 CH): The company said it has won 24 railroad-related construction contracts worth a combined 39.2 billion yuan. The shares gained 0.7 percent to 4.50 yuan.