March 04, 2015 3:56 AM ET

Metals and Mining

Company Overview of China Zhongsheng Resources Holdings Limited

Company Overview

China Zhongsheng Resources Holdings Limited, an investment holding company, is engaged in the exploration, mining, and processing of iron and ilmenite ore in the People's Republic of China. It holds mining rights in the Yangzhuang Iron Mine located in Qinjiazhuang Village, Yangzhuang Town, Shandong Province; Zhuge Shangyu Ilmenite Mine, an ilmenite and magnetite mine located in Yishui County, Shandong Province; Bashan Iron Project, an iron ore project located in Yishui County; and Luxing Titanium, an ilmenite ore mine located in Yishui County, Shandong Province. The company owns exploration rights over Yangzhuang Iron Mine; Qinjiazhuang Ilmenite Project located in Qinjiazhuang District, Yish...

Qin Jia Zhuang

Yishui County

Yangzhuang,  

China

478 Employees

Key Executives for China Zhongsheng Resources Holdings Limited

Chief Executive Officer and Executive Director
Age: 44
Total Annual Compensation: $604.0K
Chairman, Chairman of Nomination Committee and Member of Remuneration Committee
Age: 47
Total Annual Compensation: $941.0K
Executive Director
Age: 55
Total Annual Compensation: $479.0K
Compensation as of Fiscal Year 2013.

China Zhongsheng Resources Holdings Limited Key Developments

China Zhongsheng Resources Holdings Limited Provides Earnings Guidance for the Year Ending 31 December 2014

The board of directors of China Zhongsheng Resources Holdings Limited informed the shareholders and potential investors of the company that, based on the unaudited management accounts of the Group for the eleven months' period ended 30 November 2014 and the management's assessment, it is anticipated that the Group will record a loss for the year ending 31 December 2014 as compared with a profit for the year ended 31 December 2013, mainly due to the non-occurrence of the one-off gain on bargain purchase (negative goodwill) of approximately RMB 60.3 million arising from the acquisition of 95% of the equity interests of Linyi Luxing Titanium Co. Ltd. which has been completed in the first quarter of 2013; and the decrease in the average selling prices of iron concentrates and titanium concentrates during the period from January to November 2014 which resulted in the decrease in revenue.

China Zhongsheng Resources Holdings Limited, Special/Extraordinary Shareholders Meeting, Oct 27, 2014

China Zhongsheng Resources Holdings Limited, Special/Extraordinary Shareholders Meeting, Oct 27, 2014., at 10:00 China Standard Time. Agenda: To consider the new subdivided shares.

China Zhongsheng Resources Holdings Limited Announces Unaudited Consolidated Financial Results for the Six Months Ended June 30, 2014

China Zhongsheng Resources Holdings Limited announced unaudited consolidated financial results for the six months ended June 30, 2014. For the period, the company reported revenue of RMB 279.235 against RMB 267.435 a year ago. Profit from operations was RMB 20.810 million against RMB 136.087 million a year ago. Profit before taxation was RMB 10.756 million against RMB 119.000 million a year ago. Total profit for the period attributable to owners of the company was RMB 7.117 million or RMB 0.01 per diluted share against RMB 104.044 million or RMB 0.14 per diluted share a year ago.

Recent Private Companies Transactions

Type
Date
Target
Private Placement
June 24, 2014
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To contact China Zhongsheng Resources Holdings Limited, please visit www.chinazhongsheng.com.hk. Company data is provided by Capital IQ. Please use this form to report any data issues.

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