Business Services Industry
Halter USX China Index Adds Suntech Power Holdings Co. Ltd. and New Dragon Asia Corp. and Announces First Quarter 2006 Results
Business Wire, April 4, 2006
DALLAS -- For the first quarter of 2006, the Halter USX China Index (AMEX:HXC) was up 19.47%. During the same period, the Dow Jones Industrial Average increased 3.66% and the Nasdaq was up 6.10%.
HXC is pleased to announce the inclusion of 2 new constituents to its existing index of China-focused, U.S. listed companies including: Suntech Power Holdings Co. Ltd. (NYSE:STP), a Chinese solar energy company which designs, develops, manufactures, and markets various photovoltaic cells and modules for electric power applications in the residential, commercial, industrial, and public utility sectors and New Dragon Asia Corp. (AMEX:NWD) which engages in the milling, sale, and distribution of flour and related products, including instant noodles and soybean-derived products, to retail and wholesale customers in China.
Due to an acquisition and subsequent delisting, Jilin Chemical Industrial was removed from HXC.
About the Halter USX China Index
The Index, created by the Halter Financial Group and calculated and distributed by the Amex, is comprised of companies whose common stock is publicly traded in the United States and the majority of whose business is conducted within the People's Republic of China. The Halter USX China Index was created in response to the unique economic opportunities taking place in China, as well as the current dynamics in the United States capital markets. While there is strong demand for Chinese equity, U.S. investors still seek and prefer the transparency offered with a U.S. listing. For a company to be included in the Halter USX China Index it must conduct a majority of its business in China, maintain an average market cap of over $50 million for the preceding 40 trading days, trade on the NYSE, Amex or NASDAQ and be approved by USX Selection Committee. Investors can buy the Index by investing in an exchange traded fund (ETF), the PowerShares Golden Dragon Halter USX China Portfolio (AMEX:PGJ). For more information please visit www.usxchinaindex.com. The following 55 public companies currently comprise the Halter USX China Index:
51 Job, Inc. (Nasdaq:JOBS)
Aluminum Corp. of China Ltd. (NYSE:ACH)
ASAT Holdings Ltd. (Nasdaq:ASTT)
AsiaInfo Holdings, Inc. (Nasdaq:ASIA)
Baidu.com, Inc. (Nasdaq:BIDU)
Brilliance China Automotive Holdings Ltd. (NYSE:CBA)
China Automotive Systems Inc (Nasdaq:CAAS)
China Eastern Airlines Corporation Ltd. (NYSE: CEA)
China Energy Savings Technology (NasdaqNM:CESV)
China Finance Online (Nasdaq:JRJC)
China Medical Technologies, Inc. (Nasdaq:CMED)
China Mobile Hong Kong Ltd. (NYSE:CHL)
China National Offshore Oil Corp. (NYSE:CEO)
China Netcom Group Corporation (NYSE:CN)
China Petroleum and Chemical Corp (Sinopec) (NYSE:SNP)
China Southern Airlines Company Ltd. (NYSE:ZNH)
China Techfaith Wireless Communication Technology Limited
(Nasdaq:CNTF)
China Telecom Corporation Ltd (NYSE:CHA)
China Unicom Ltd (NYSE:CHU)
China Yuchai International Ltd. (NYSE:CYD)
Chinadotcom Corporation (Nasdaq:CHINA)
China Life Insurance Co Ltd (NYSE:LFC)
Comtech Group, Inc. (Nasdaq:COGO)
Ctrip.com (Nasdaq:CTRP)
Deswell Industries Inc (Nasdaq:DSWL)
eLong (Nasdaq:LONG)
Focus Media Holding Ltd. (NasdaqNM:FMCN)
Guangshen Railway Co Ltd (NYSE:GSH)
HuaNeng Power International, Inc. (NYSE:HNP)
Hurray! Holding Co., Ltd. (Nasdaq:HRAY)
INTAC International (Nasdaq:INTN)
International DisplayWorks, Inc. (Nasdaq:IDWK)
KongZhong Corporation (Nasdaq:KONG)
Linktone Ltd (Nasdaq:LTON)
Nam Tai Electronics Inc (NYSE:NTE)
Netease.com, Inc. (Nasdaq:NTES)
New Dragon Asia Corp. (AMEX:NWD)
Ninetowns Digital World Trade Holdings Ltd (Nasdaq:NINE)
Pacificnet Inc. (Nasdaq:PACT)
PetroChina Co. Ltd. (NYSE:PTR)
Qiao Xing Universal Telephone, Inc. (Nasdaq:XING)
Radica Games Ltd (NASDAQ:RADA)
Shanda Interactive Entertainment Ltd (NASDAQ:SNDA)
Sina Corporation (Nasdaq:SINA)
Sinopec Shanghai Petrochemical Co. Ltd. (NYSE:SHI)
Semiconductor Manufacturing International Corp (NYSE:SMI)
Sinovac Biotech, Ltd. (AMEX:SVA)
Sohu.com, Inc. (Nasdaq:SOHU)
Suntech Power Holdings Co. Ltd. (NYSE:STP)
The9 Limited (Nasdaq:NCTY)
Tiens Biotech Group (AMEX:TBV)
Tom Online Inc (Nasdaq:TOMO)
UTStarcom Inc (Nasdaq:UTSI)
Webzen Inc (Nasdaq:WZEN)
Yanzhou Coal Mining Co. Ltd. (NYSE:YZC)
The information in this news release includes certain forward-looking statements that are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including statements to the future financial performance of the Company. Although the Company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations or any of its forward-looking statements will prove to be correct. Factors that could cause results to differ include, but are not limited to, successful performance of internal plans, product development and acceptance, the impact of competitive services and pricing, or general economic risks and uncertainties.
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