* China Railway Group reported a 61.6 percent increase in first quarter net profit from a year earlier. * China Eastern Airlines reported a 149.7 percent plunge in first quarter net profit from a year earlier to record a quarterly net loss of 132.4 million yuan. * Tsingtao Brewery Co Ltd reported a 8.3 percent rise in first-quarter net profit as warmer weather fuelled beer consumption and demand for premium products boosted margins. companies including IBM, Sony and Nokiacreated an Eco-Patent Commons. After two quarters of losses, ZTE on Friday posted a 35.9 percent increase in its first-quarter 2013 net profit, lifted by gains from selling assets late last year. Box 2.4 summarizes evidence on one open innovation initiative in the area of. * ZTE Corp, China’s second largest telecoms gear maker in revenue terms, expects an increase in smartphone sales and an expansion in 4G networks to keep it in profit this year after posting its first-ever annual loss in 2012. But Zoomlion was helped with 3.2 billion yuan worth of government subsidies. Sany’s closest rival Zoomlion Heavy Industry Science and Technology Co Ltd reported 591.8 million yuan in net income in January-March, down 72 percent from a year ago, in line with its own estimate of a drop of between 60 and 80 percent. What is the difference between the Nokia 2.4 and Nokia 3. * Sany Heavy Industry Co Ltd, China’s largest construction gear maker, posted a 43.9 percent drop in net profit in the first quarter.
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