August 15 -- Huawen Media Investment (000798) filed it incurred a loss of 15.46 million yuan in the first half of 2011, falling 70 million yuan year-on-year, reports yicai.com. The company’s loss was blamed on meager gains from selling equities and subscribing new issued shares during the reporting period.

According to its June report, the newly issued shares Huawen Media subscribed to for 500 million yuan in January 31, 2007 earned the company investment income of 110.59 million yuan as of March 31, 2011.

Its net profit increased 24 percent year-on-year to 120 million yuan in the same period last year.