Business news for Mon, 24 Dec 2007 & with words doubled+market. 3 news.

JUST over half - 51.36 percent - of all stock investors showed no gains from China's bull market, while 48.6 percent gained more than 10 percent this year, according to a survey by the China Securities Journal. The latest survey of investors' annual returns reflected feedback from 11,205 small and medium-scale investors. About 13.5 percent of respondents said their stock investment grew by 10 percent, and 16.8 percent said their returns ranged from 20 percent to 50 percent. Another 11 percent saw their accounts grow by 50 percent to 99 percent. Those whose investments doubled comprised about 7.2 percent. The survey, carried out earlier this month, found that 13.5 percent of those polled broke even in 2007, while 16.6 percent said their investment shrank by 10 percent and 18.6 percent reported losses of 20 percent to 50 percent. About 2.4 percent of those polled said they lost more than half of their investment. Public interest, strong corporate profits and double-digit

APPLIANCE maker Sichuan Changhong Electrical Co yesterday bid for a 29.92-percent stake in Huayi Compressor Co to expand its business. The TV company said in a statement to the Shanghai Stock Exchange yesterday that it would acquire 91.7 million shares from Huayi's parent Huayi Electrical Appliance General Co via an auction. The Jiangxi-based Huayi, which produces compressors for air conditioners and refrigerators, was suspended from trading in the Shenzhen stock market since December 14 when it announced the auction plan. The 91.7 million shares are valued at 956 million yuan (US$129 million) based on its closing share price of 10.42 yuan per share on December 13. Changhong wasn't traded yesterday, and its closing price on Friday was 8.45 yuan. Share price of the Shanghai-listed company has doubled this year. Changhong's net profit in the first nine months of this year totaled 340 million yuan, jumping 39 percent from a year earlier on the booming electronics market.

APPLIANCE maker Sichuan Changhong Electrical Co today bid for a 29.92 percent stake in Huayi Compressor Co. China's second-biggest TV maker said in a statement to the Shanghai Stock Exchange today that it would acquire 91.7 million shares from Huayi's parent Huayi Electrical Appliance General Co via an auction. The Jiangxi-based Huayi, which produces compressors for air conditioners and refrigerators, has been suspended from trading on the Shenzhen stock market since December 14 when it announced the auction plan. The 91.7 million shares are valued at 956 million yuan based on its closing share price of 10.42 yuan a share on December 13. Changhong wasn't traded yesterday and its closing price on Friday was 8.45 yuan. The share price of the Shanghai-listed company has doubled this year. Changhong's net profit in the first nine months of this year was 340 million yuan, jumping 39 percent from a year earlier on the booming electronics market and investment income. The