HK-listed China Shineway Pharmaceutical hits 8-week high

China Shineway Pharmaceutical

30/08/2019 08:28

** Shares of China Shineway Pharmaceutical Group Ltd
 2877.HK  surge as much as 16% to HK$7.11, their highest since
July 5 
    ** Chinese medicines maker posts growth in quarterly sales
    ** Co says first half net profit rises 11.9% and the
turnover increases 4.8%, with net profit margin increasing to
21% from 19.7%  urn:newsml:reuters.com:*:nFWN25Q032
    ** Says quarterly sales had returned to positive growth in
second quarter at 15.3%, compared with 5.1% fall in Q1 and 1.1%
growth in Q4 2018
    ** As of Thursday's close, the stock has fallen 18.2% this
year
    ** Hebei-based company has outperformed the Hang Seng
Commerce & Industry Index sector  .HSNC  by 2.3 percentage
points in the past one month
    ** The Hong Kong Hang Seng Commerce & Industry Index  .HSNC 
gains 0.5%
    ** The Hang Seng China enterprises index  .HSCE  climbs
0.7%, and the benchmark index  .HSI  eases 0.2%

 (Reuters Messaging: donny.kwok.thomsonreuters.com@reuters.net)