China Hongqiao Unit Shandong Hongqiao Posts Higher Nine-Month Profit; Shares Gain 1%
MT Newswires Live
Oct 31
China Hongqiao Group (HKG:1378) said its subsidiary Shandong Hongqiao New Material recorded a net profit of 19.4 billion yuan for the nine months ended September, up from 15.7 billion yuan a year earlier, according to a Thursday Hong Kong bourse filing.
Shares of the firm were up 1% in Friday morning trade.
Total operating income rose to 116.9 billion yuan, compared with 110.1 billion yuan in the same period last year.
As of September 30, Shandong Hongqiao's total assets stood at 225.5 billion yuan.
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