Chinese listed companies disappointed investors with bleak reports over the first half of the year against a backdrop of the economic slowdown.
China CSSC Holdings Ltd announced Thursday that its net profit shrank by 62.91 percent year-on-year in the first half to 475 million yuan($75.4 million).
Bank of Communications said Thursday that its first-half profits rose 17.78 percent year-on-year thanks to increases in net interest incomes and commission fees.
The share price of China COSCO Holdings Co Ltd, the country's largest listed shipping company, slumped the most in about a month in Hong Kong trading.
China COSCO Holdings Co said on Wednesday its net loss widened 79.7 percent to hit 4.87 billion yuan ($767 million) in the first half of the year.
China's largest travel agency posted surging net profits in the first half of the year as a result of expanding domestic and outbound tourism.
Zhongjin Gold Corp's net profits narrowed 3 percent to 824 million yuan ($130.8 million) in the first half due to price fluctuations in the global market.
Sun Art Retail Group Ltd, a Chinese hypermarket operator, reported its profit in the first half of 2012 rose 75 percent and attributed the increase to its opening new stores in the country.
China Life Insurance Co Ltd's net profits for the first half of this year totalled 9.64 billion yuan ($1.53 billion), down 25.7 percent year-on-year.
Baosteel, China's biggest steelmaker, reported a net profit of 9.61 billion yuan ($1.53 billion) in the first half, up 89 percent from the same period last year, as the company sold some of its businesses.
Angang Steel Company Limited reported a loss of 1.98 billion yuan in the first half this year, down 998 percent from the same period last year.
China's second-largest train manufacturer said Tuesday its net profits slowed sharply in the first half of the year due to faltering demand.
China Southern Airlines Co said late Monday that its profits fell 83.7 percent to 449 million yuan ($71.3 million) in the first half.
China Construction Bank Corp, the world's second-largest lender by market value, reported a 14.6 percent year-on-year increase in its first-half profit.
China Shenhua Energy Co saw its net profit rise 14.7 percent year-on-year to 25.18 billion yuan ($3.98 billion) in the first half of 2012.
China Petroleum and Chemical Corporation said that its net profits for the first half dropped 40.5 percent year-on-year to 24.5 billion yuan.
China Construction Bank said its net profit rose 14.57 percent to 106.49 billion yuan ($16.9 billion) in the first half of this year.
Maanshan Iron & Steel Co Ltd said on Aug 23 that it had a net loss of 1.89 billion yuan ($300 million) in the first half of the year.
PetroChina Co said Thursday that its net profits dropped 6 percent year-on-year to 62.02 billion yuan ($9.84 billion) in the first six months.
China Unicom said Thursday its net profits in the first half of the year rose 32 percent year-on-year to 1.16 billion yuan ($183 million).
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