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ChinaScope is the financial data and analytics platform for global financial professionals seeking critical quantitative and qualitative information on China. Our platform covers raw and processed data and information on companies, industries and the macro economy. We help our clients gather and... More
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  • Air China’s Net Profit CNY 239 Million In Q1, Down 85% YoY

    Source: Air China Ltd., ChinaScope Financial (Data)

    + Air China Ltd. released its first-quarter financial report on April 26, showing that net profit attributable to shareholders of the listed company was CNY 239 million, down 85.70% year-on-year in Q1.

    + Due to higher jet fuel prices, Air China's net profit attributable to shareholders of the parent company went down by CNY 1.43 billion year-on-year. In addition, foreign exchange gains and investment returns also decreased year-on-year.

    + The company also announced a private placement plan, which aims to raise CNY 1.05 billion via shares selling to the controlling shareholder China National Aviation Holding Company (CNAH). CNY 1 billion of the raised amount will be used for two energy-saving projects and for repaying bank loans used when the company increased its holdings in Cathay Pacific Airways.

    Both revenue growth and margins are dismal.(click to enlarge)

    Key operation data indicated a weak trend of Air China's revenue in 2012.

    May 01 10:57 PM | Link | Comment!
  • Electricity Consumption Grows 6.8% YoY To 1.17 Trillion KWh In Q1

    Source: China Electricity Council, ChinaScope Financial (Data)

    + Data released by the China Electricity Council on April 23 shows that China's electricity consumption in the first quarter rose 6.8% year-on-year to 1.17 trillion kWh. Growth in March was 7% YoY.

    + The slowing growth corresponds to the low GDP growth numbers released by the National Bureau of Statistics on April 13.

    + In the first quarter, China's power generating capacity increased 9.24 million kW, with 1.27 million kW coming from hydropower and 6.49 million kW from thermal energy.

    The growth of China's electricity consumption dropped to 7.0% in March 2012, driven down by lower consumption in the primary and secondary industry. Notably, electricity consumption of the tertiary rose to 19.36%.(click to enlarge)

    (click to enlarge)

    Apr 25 10:19 PM | Link | Comment!
  • China's Crude Steel Output 174.22 Million Tons, Up 2.5% YoY In Q1

    Source: NDRC, ChinaScope Financial (Data)

    + According to data released by the NDRC, China's crude steel output reached 174.22 million metric tons in the first quarter, up 2.5% year-on-year.

    + The output of steel products was 222.46 million tons, up 6.5% and iron ore imports were 187.62 million tons, up 6% year-on-year.

    + The cement output in Q1 was 398.1 million tons, up 7.3% year-on-year. Average ex-factory price of cement amounted to CNY 363.4 per ton, a decrease of CNY 18.2 per ton compared with in the previous month.

    Lower FAI and real estate investment growth underpins the downward growth trend for cement and steel. Growth of cement output in 2012Q1 was a mere 7.3% YoY, while crude steel output growth fell to 2.5% YoY(click to enlarge)

    Apr 25 10:17 PM | Link | Comment!
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