PetroChina Sees Slight Increase in Crude and Gas Output
CNPC, China's largest oil and gas producer and the parent of PetroChina Co (NYSE: PTR, SHA: 601857, HKG: 0857), said its output of crude oil and natural gas rose 2% and 4.1% respectively in 2011. It produced 107.54 million tons of crude oil and 75.5 billion m3 of natural gas in the past year.
Southern Airlines Passenger Traffic Up 5% in 2011
China Southern Airlines Ltd (NYSE: ZNH, SHA: 600029, HKG: 1055) said its passenger traffic rose 5.3% to 80.52 million people and its cargo traffic rose 1.2% to 1.13 million tons in 2011, as the company maintains its rank as the largest carrier in Asia for the 33rd consecutive year. It bought 55 aircraft in 2011, including two Airbus A380s, and plans to buy another two A380s this year. The airline currently operates 444 aircraft across 191 destinations.
SAIC Sales Crack 4m Mark
SAIC Motor Corp (SHA: 600104), China's biggest automaker by output, said its sales volume exceeded four million units in 2011, up 11.9% from a year earlier.
Yonghui Superstores Records 48 Net Openings in 2011
Yonghui Superstores Co (SHA: 601933) said it opened 49 stores and closed one in 2011, bringing the total number to 204. The Fuzhou, Fujian province-based retailer also currently has 104 stores under construction or in preparation for opening.
Stock Traders Lost ¥42,000 Per Person in 2011
Individual Chinese stock traders lost ¥42,000 on average in 2011 as the market capitalization of mainland shares shrank by nearly ¥6 trillion. The benchmark Shanghai Composite Index slid 21.7% during the past year.
Top 10 Chinese Non-Mainland IPOs in 2011
1 Shanghai Pharmaceuticals Holding Co, Hong Kong, $2.06 billion
2 Citic Securities Co, Hong Kong, $1.83 billion
3 Hui Xian Real Estate Investment Trust, Hong Kong, $1.61 billion
4 Sun Art Retail Group, Hong Kong, $1.22 billion
5 Renren.com Inc, New York, $0.86 billion
6 Huaneng Renewables Corp, Hong Kong, $0.85 billion
7 China Hongqiao Group, Hong Kong, $0.82 billion
8 Far East Horizon Ltd, Hong Kong, $0.76 billion
9 Baoxin Auto, Hong Kong, $0.42 billion
10 Billion Industrial Holdings, Hong Kong, $0.38 billion
$1 = ¥6.3