Shares of Hefei Rongshida Sanyo Electric Co Ltd closed up 7.94 percent Tuesday, leading the household appliance board, though it posted a no-surprising annual report on the same day, the National Business Daily reported Wednesday.
The Shanghai-listed household appliances manufacturer in East China's Anhui province reported profits of 206.6 million yuan ($30.27 million) in 2009, up 79.79 percent year-on-year. Earnings per share rose 77.14 percent to 0.62 yuan.
The Sino-Japanese joint venture projects sales revenue of 3 billion yuan and profits of 300 million yuan in 2010, the report said.
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