Employees of China Merchants Bank at a booth at a financial exhibition in Guangzhou, Guangdong province. [Photo by Liu Jiao/For China Daily] BEIJING – The profit level of China’s commercial banks remains in a reasonable range, an official of the National Financial Regulatory Administration said on Wednesday. In the first half of this year, the … Continue reading China’s commercial bank profits still reasonable: official
Tag: Profit
Investments forecast to hit profits at Toyota
Toyota showcases its electric car at the second China International Import Expo in November. [Photo by Li Fusheng/China Daily] Toyota Motor forecast a 20 percent profit decline in the current financial year on Wednesday, citing looming investment in both its suppliers and strategy after it delivered blockbuster fourth-quarter earnings. Despite the leaner forecast, the results … Continue reading Investments forecast to hit profits at Toyota
China’s top liquor brand reports 15.59% profit surge in Q1
A view of the booth of Kweichow Moutai during an expo in Guiyang, Guizhou province. WU DONGJUN/FOR CHINA DAILY GUIYANG – Kweichow Moutai, China’s leading liquor maker, earned profits of 33.2 billion yuan ($4.67 billion) in the first quarter of 2024, up 15.59 percent year-on-year. From January to March, its revenue climbed 18.04 percent year-on-year … Continue reading China’s top liquor brand reports 15.59% profit surge in Q1
ICBC net profit up 0.8% in 2023
A booth of Industrial and Commercial Bank of China at an expo held in Beijing, April 25, 2023. [Photo/VCG] BEIJING – The Industrial and Commercial Bank of China (ICBC), the country’s biggest commercial lender, reported a net profit increase of 0.8 percent last year, despite a 3.7 percent drop in business revenue. The bank’s net … Continue reading ICBC net profit up 0.8% in 2023