Posts Tagged ‘profit’

China’s Datang Sued By Investors For Misleading Financial Report

Datang Telecom Technology says it is being sued by two investors in China for misleading statements made in its financial report released in 2004.


Tax Man Cometh: Beijing Launches Rules For Online Currency Transactions

Beijing Local Taxation Bureau has published tax collection rules for virtual and online currency transactions, which state that according to whether the individuals can provide income proof or not, they should pay tax at 20% of their profits or 3% of the total value of the transactions.


Olympics Push Sohu.com To Higher Internet Advertising Revenues

Riding high on revenue generated from the recent Olympics in Beijing, Chinese website portal Sohu.com (SOHU) has reported financial results for the third quarter ended September 30, 2008 and says advertising revenues were USD51.1 million, up 62% year-on-year and 18% quarter-on-quarter.


ZTE Made CNY258 Million Net Profit In Q3 2008

China’s leading telecom manufacturer ZTE Corporation has released its report for the third quarter of 2008, which says its net profit increased by 80.65% year-on-year to CNY258 million.


Baidu Reports Growing Chinese Search Engine Results

Chinese search engine Baidu.com (BIDU) says its revenue, net income, and active online customers all increased as it reported its unaudited financial results for the third quarter ended September 30, 2008.


China Comservice Sales Up 37.5% In H1 2008

China Communications Services Corporation Limited has released its interim report, which says in the first six months of 2008, the company’s revenue increased by 37.5% to CNY13.629 billion and its net profit increased by 11.3% to CNY567 million.


Shanda Reports MMORPG Revenue Jump; Casual Games Decline In China

Chinese online game company Shanda (SNDA) announced its unaudited financial results for the second quarter ended June 30, 2008 showing net revenues jumped 48.4% year-over-year and 7.4% quarter-over-quarter to a record high of CNY837.6 million.


Suning Releases Interim Financial Report

Chinese electronics retailer Suning has released its report for the first half in 2008, which says the company achieved total revenue of CNY25.9 billion in the first six months and its net profits increased by 70.36% to CNY1.1 billion.


Earthquake Impact: Changhong Reports 90.61% Net Profit Decline In H1 2008

Sichuan Changhong has released its financial report for the first half of 2008, which says because of the May 12 earthquake in Sichuan Province, the company’s net profit decreased by 90.61% compared with the same period of 2007.


Linktone Reports Weak Wireless Revenue, Widening Operating Loss In China

Chinese wireless value-added services company Linktone (LTON) is fighting the tide of sinking wireless fortune as its unaudited financial results for the second quarter ended June 30, 2008 show it only recorded revenues of USD19.1 million, compared with USD20.5 million in the first quarter of 2008, and an operating loss was 58% of net revenues, […]