CSIC's preliminary profits rise 194%
BEIJING-- The China Shipbuilding Industry Corp (CSIC), one of the two largest shipbuilding conglomerates in China, said Saturday that its preliminary profits is expected to rise 193.55 percent to 194.55 percent year-on-year in 2011.
In a statement filed to the Shanghai Stock Exchange, the Beijing-headquartered company said its profits is expected to reach 4.69 billion yuan ($ 744.44 million) to 4.71 billion yuan last year, without providing reasons for the profit surge.
Shareholders will be paid 0.68 yuan in dividends for every 10 shares they hold, the statement said.
The company's shares climbed 1.51 percent to close at 29.66 yuan on Friday.
The CSIC was formed in 1999 from companies spun off from the China State Shipbuilding Corporation, the other big shipbuilding conglomerate in the country.
Read More @ Source 42 Rules for Sourcing and Manufacturing in China: A practical handbook for doing business in China, special economic zones, factory tours and manufacturing quality
Doing business in China is tougher than you think. Not only is the culture vastly different, but China's experience in manufacturing is still developing. It will be a few years before the majority of manufacturers are up to world standards. In the meantime, quality, contract laws, schedules and logistics must be closely monitored. As a result, the things Westerners must do to be successful are far different from dealing with American or European manufacturers. The best way to quickly come up to speed on these differences and how to handle them is to learn from the experience of others.Through over 20 extraordinary executive interviews, Rosemary Coates captured the essence of sourcing and manufacturing in China. '42 Rules for Sourcing and Manufacturing in China' is a pragmatic approach that every businessperson headed to China must read.
For business people who are experienced in doing business in China, or for first-time visitors, this book will provide valuable insights from real executives and experts. These executives offer their personal experiences and recommendations about sourcing and manufacturing in China. Going beyond simple cultural do's and don'ts, you will discover:
how business is really done
how you can make things happen in China
the mistake westerners often make, and how to avoid them
what made these executives successful
Based on her 25 years of supply chain experience, much of it spent living and working across Asia, Rosemary Coates has become an expert on doing business in China. Her own personal experiences in China are interwoven into this book.Doing business in China is tougher than you think. Not only is the culture vastly different, but China's experience in manufacturing is still developing. It will be a few years before the majority of manufacturers are up to world standards. In the meantime, quality, contract laws, schedules and logistics must be closely monitored. As a result, the things Westerners must do to! be succ essful are far different from dealing with American or European manufacturers. The best way to quickly come up to speed on these differences and how to handle them is to learn from the experience of others.
Through over 20 extraordinary executive interviews, Rosemary Coates captured the essence of sourcing and manufacturing in China. '42 Rules for Sourcing and Manufacturing in China' is a pragmatic approach that every businessperson headed to China must read.
For business people who are experienced in doing business in China, or for first-time visitors, this book will provide valuable insights from real executives and experts. These executives offer their personal experiences and recommendations about sourcing and manufacturing in China. Going beyond simple cultural do's and don'ts, you will discover:
how business is really done
how you can make things happen in China
the mistake westerners often make, and how to avoid them
what made these executives successful
Based on her 25 years of supply chain experience, much of it spent living and working across Asia, Rosemary Coates has become an expert on doing business in China. Her own personal experiences in China are interwoven into this book.
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