Correction: An earlier version of this article mistranslated Yeepay as Alipay. Alipay belongs to Alibaba Group and is China's largest online billiing platform. Yeepay belongs to Tencent Holdings.
China Shenhua Energy Co (SHA: 601088, HKG: 1088), the nation's largest coal producer, said it produced a record 21.5 million tons of coal in January, up 10.8% year on year. It sold 27.9 million tons of coal in January, up 15.8% year on year, and exported 33.3% less coal compared to December.
Yeepay.com, a billing platform operated by Tencent Holdings Ltd (HKG: 0700), plans to raise $50 million this year as a core part of its 2011 strategy, Yeepay vice president Yu Cheng wrote in his microblog.
Baoshan Iron & Steel Co (SHA: 600019) raised the prices for some of its March-delivery products by ¥200 to ¥600 per ton.
Wuhan Iron & Steel Co (SHA: 600005) raised the prices for the majority of its March-delivery products by ¥200 to ¥400 per ton.
Geely Automobile Holdings Ltd (HKG: 0175), China's largest privately owned carmaker, sold 45,600 cars in January, up 4% year on year and down 18.7% month on month.
China Communications Construction Co (HKG: 1800) said its subsidiary China Harbour Engineering Co has signed a ¥8 billion contract to build an airport in Khartoum, the capital of Sudan.
Chongqing Changan Automobile Co (SHE: 000625) produced 183,100 vehicles and sold 199,600 vehicles in January, up 0.78% and 0.62% year on year respectively.
Air China Ltd (SHA: 601111, HKG: 0753) flew 3.84 million passengers and 102,500 tons of cargo in January, up 12.3% and 13.2% year on year respectively.
Shenzhen Airport Co (SHE: 000089) handled 2.32 million passengers and 72,600 tons of cargo in January, up 5.8% and 24.5% year on year respectively.
Beijing Xidan Department Store Co (SHA: 600723) posted ¥2.99 billion in revenues and ¥39.73 million in net profits for 2010, up 20.41% and 28.7% respectively from a year earlier.
Zhengzhou Yutong Bus Co (SHA: 600066) produced 3,437 buses and sold 4,662 buses in January, up 4.06% and 26.93% year on year respectively.
PICC Property & Casualty Co (HKG: 2328), China's largest non-life insurer, collected ¥18.33 billion in premium incomes in January. The amount was slightly down from ¥18.51 billion recorded a year earlier.
Shenzhen Coship Electronics Co (SHE: 002052), a leading satellite and cable TV access device maker, has signed a framework deal with South Korea's Hyundai Corp for cooperation in intelligent TV R&D and manufacturing.
$1 = ¥6.59