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Earnings Analysis: 
Cnooc Cosco, Jiangxi Coppre Rise
Author: 123jump.com Staff
123jump.com
Last Update: 8:14 AM ET August 28 2008


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CNOOC Limited largest oil company first-half revenues rose 64% to 69 billion yuan and net income jumped 47% to 27.5 billion yuan or 62 yuan a share. China COSCO engaged in shipping first half revenues rose 47.6% to 70.48 billion yuan and net income jumped 109.2% to15.12 billion yuan or 1.48 yuan a share. China Life Insurance Company Limited country''s largest life insurance company first-half net income declined 32% to 15.84 billion yuan.

 
[R]10:00AM New York – CNOOC Limited revenue rose 64% net income jumped 47%. China COSCO Holdings Company Limited revenues rose 47.6% and net income jumped 109.2%.[/R]

CNOOC Limited, China''s third-largest oil company said first-half revenues rose 64% to Rmb69 billion from Rmb42.2 billion a year earlier. Net income in the quarter jumped 47% to Rmb27.5 billion or Rmb62 per basic share compared to net income of Rmb14.6 billion a year earlier.

China COSCO Holdings Company Limited, engaged in shipping and the related businesses said first-half revenues rose 47.6% to RMB70.48 billion yuan from RMB39.33 billion yuan a year earlier. Net income in the quarter jumped 109.2% to RMB15.12 billion yuan or RMB1.48 yuan per basic share.

China COSCO Holdings Company Limited in the last one year traded as high as 68.40 in October 2007 and as low as 13.91 in August 2008. Based on the yesterday’s closing price the company has a market cap of 159.17 billion.

China Life Insurance Company Limited, the country''s largest life insurance company said first-half net income in the quarter declined 32% to 15.84 billion yuan compared to 23.29 billion yuan a year earlier.

China Life Insurance Company Limited (LFC: chart) in the last one year traded as high as $106.56 in October 2007 and as low as $49.15 in July 2008. Based on the yesterday’s closing price the company has a market cap of $109.60 billion.

Jiangxi Copper Company Limited, China''s top integrated copper producer said first-half net income in the quarter jumped 32% to 2.77 billion yuan compared to net income of 2.10 billion yuan a year earlier.

Jiangxi Copper Company Limited (600362) in the last one year traded as high as 78.50 yuan in October 2007 and as low as 15.02 yuan in August 2008. Based on the yesterday’s closing price the company has a market cap of 72.29 billion yuan.
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