China Market Pulse: Profits, Suning, Banks, Lenovo, Bright Dairy

China's 16 listed commercial lenders posted a combined ¥529.3 billion in net earnings for Q1-Q3 2010, meeting market expectations. The top four state-owned banks made ¥391.6 billion, or over 70% of the total, with Industrial & Commercial Bank of China (SHA: 601398, HKG: 1398) booking an increase of 27.1% to ¥127.8 billion.
Source: http://paper.cnstock.com/html/2010-11/01/content_58442.htm

Suning Appliance Co (SHE: 002024), China's largest chain store by revenue, posted net profit up 43.6% to ¥2.8 billion for Q1-Q3 2010, during which it opened 131 stores across the country.
Source: http://www.linkshop.com.cn/web/archives/2010/146423.shtml

Shanghai International Port Group (SHA: 600018), China's large port operator, is planning to place 1.76 billion shares at ¥4.49 apiece with Shanghai Tongsheng Investment Co to acquire its Yangshan deepwater port assets.
Source: http://cn.reuters.com/article/vbc_cn_ind_equities/idCNnCN139738120101029

China Minsheng Banking Corp (SHA: 600016, HKG: 1988), the nation's largest privately owned lender, posted net profit up 27.5% to ¥13 billion for Q1-Q3 2010.
Source: http://www.yicai.com/newspage/hongguanjinrong/index.html

China Merchants Bank Co (SHA: 600036, HKG: 3968) posted net profit up 57.4% to ¥20.6 billion for Q1-Q3 2010.
Source: http://www.yicai.com/news/2010/11/584822.html

Industrial Bank Co (SHA: 601166) posted net profit up 42% to ¥13.6 billion for Q1-Q3 2010.
Source: http://www.yicai.com/news/2010/11/584817.html

China Citic Bank Corp (SHA: 601998, HKG: 0998) posted net profit up 48.2% to ¥17.4 billion for Q1-Q3 2010.
Source: http://www.yicai.com/news/2010/11/584815.html

Lenovo Group Ltd (HKG: 0992) has announced a plan to invest more than $100 million building a computer R&D, production and marketing facility in Sichuan provincial capital Chengdu.
Source: http://www.caijing.com.cn/2010-11-01/110556815.html

China CNR Corp (SHA: 601299), a leading manufacturer of railway infrastructure, won a HK$1.1 billion (US$1 = HK$7.8) subway train contract for Hong Kong’s metro network. The company posted ¥39.1 billion in revenue and ¥1.3 billion in net profit for Q1-Q3 2010, up 58% and 60.2% respectively from a year earlier.
Source: http://www.yicai.com/news/2010/10/584467.html

TCL Corp (SHE: 000100), a leading household electronics and appliance maker, posted ¥35.4 billion in revenue and ¥195 million in net profit for Q1-Q3 2010, up 18.4% and 17.4% year on year respectively.
Source: http://www.dfdaily.com/html/113/2010/10/31/531743.shtml

Bright Dairy & Food Co (SHA: 600597) posted ¥6.8 billion in revenue and ¥132 million in net profit for Q1-Q3 2010, up 12% and 14.1% year on year respectively.
Source: http://www.caijing.com.cn/2010-11-01/110556722.html