Lenovo is back in the black, recording its first net profit for three quarters in the three months to September. Its benefiting from a refocus this year on its domestic market in China - though with margins getting squeezed, that's not the solution to... ...full story at China Journal
from China Journal on Thu, Nov 05 2009
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| 31 Jan 08 |
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Lenovo-designed Beijing 2008 Olympic Torch »
YouTube video Relying on the same design process used to engineer Lenovo PCs, 10 members of the award-winning Lenovo IDC worked for more than 10 months on the design and technical details of the torch, seeking to infuse it with symbols of both Chinese culture and the... |
| 31 Oct 09 |
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China Merchants Bank net profit falls 16.3% in Q3 » People's Daily Net profit of the China Merchants Bank declined 16.3 percent year on year in the third quarter of this year because of shrinking loan margins. Net profit in the July-September period reached 4.82 billion yuan (705.12 million U.S. dollars), the... |
| 29 Oct 08 |
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Sinopec's net profit drops 63.7% in first nine months » People's Daily China Petroleum and Chemical Corporation (Sinopec), Asia's biggest oil refiner, saw its net profit in the first three quarters fall 63.7 percent over the same period last year, pushed down by fuel price caps. The company's net profit was 17.642... |
| 21 Oct 08 |
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China to raise export tax rebates for textile, garment products » People's Daily China is to raise the tax rebate for certain textile and garment exports to help producers cope with the paper-thin profit margins squeezed by slacking market demand, yuan's appreciation and rising production cost. Export tax rebates for some... |
| 24 Aug 09 |
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Lenovo to expand business in Russia and India » People's Daily In order to boost profit, Lenovo plans to build more manufacturing plants in emerging markets such as Russia and India. Before announcing the plan, Lenovo had suffered deficit for four quarters in succession since last July. "The plan is part of... |
| 26 Aug 08 |
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China Life's first half profit falls 36% » People's Daily China Life Insurance Company Co., the country's biggest insurer, said its first-half profit fell 36.16 percent, as a bearish stock market has squeezed investment return. Its net profit was 10.77 billion yuan (1.54 billion U.S. dollars) by June... |
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