China Enterprises Ltd. announced consolidated earnings results for the year ended Dec. 31, 2010. For the year, the company reported operating loss of RMB 3.3 million, loss before income tax and equity earning of equity method affiliate of RMB 6.9 million, net income of RMB 168 million or RMB 18.63 per share compared to the operating loss of RMB 2.8 million, profit before income tax and equity earning from affiliate of RMB 17.3 million, net income of RMB 247 million or RMB 27.39 per share for the previous year.