July 26, 2017 1:30 PM ET

Metals and Mining

Company Overview of Add New Energy Investment Holdings Group Limited

Company Overview

Add New Energy Investment Holdings Group Limited, an investment holding company, engages in the mining and processing of iron and ilmenite ores in Shandong, the People's Republic of China. The company primarily produces and sells iron and titanium concentrates to iron pellets and steel producers, and titanium dioxide and titanium sponge enterprises. Its mines include Yangzhuang Iron Mine, Zhuge Shangyu Ilmenite Mine, Qinjiazhuang Ilmenite, Luxing Titanium Mine, and Gaozhuang Shangyu Ilmenite. The company also owns eight granted exploration licenses located in Western Australia; and three granted exploration licenses located in South Australia. In addition, it is involved in the trading of co...

Qin Jia Zhuang

Yangzhuang Town

Yishui County,  

China

Founded in 2011

165 Employees

Key Executives for Add New Energy Investment Holdings Group Limited

Chief Executive Officer and Executive Director
Age: 47
Total Annual Compensation: CNY513.0K
Executive Chairman
Age: 50
Total Annual Compensation: CNY864.0K
Executive Director
Age: 58
Total Annual Compensation: CNY282.0K
Compensation as of Fiscal Year 2016.

Add New Energy Investment Holdings Group Limited Key Developments

Add New Energy Investment Holdings Group Limited, Annual General Meeting, Jun 09, 2017

Add New Energy Investment Holdings Group Limited, Annual General Meeting, Jun 09, 2017, at 11:00 China Standard Time. Location: at Suite 1801, 18th Floor, The Chinese Bank Building, 61-65 Des Voeux Road Central Hong Kong Agenda: To receive and consider the audited consolidated accounts and reports of the directors and auditor of the company and its subsidiaries for the year ended 31 December 2016; to re-appoint PricewaterhouseCoopers as auditor to the company and to authorize the board of directors of the Company to fix their remuneration; to consider the re-appointment of the directors; to grant a general mandate to the directors of the company to issue new shares of the company; to grant a general mandate to the directors of the company to repurchase shares of the company; and to extend the general mandate to issue new shares by adding the number of shares repurchased.

Add New Energy Investment Holdings Group Limited Announces Audited Consolidated Cash Flow Results for the Year Ended December 31, 2016

Add New Energy Investment Holdings Group Limited announced audited consolidated cash flow results for the year ended December 31, 2016. For the year, the company reported net cash generated from operating activities of RMB 51,707,000 against net cash generated used in operating activities RMB 101,274,000 a year ago. Operating loss was RMB 5,601,000 against RMB 8,098,000 a year ago.

Add New Energy Investment Holdings Group Limited Announces Audited Consolidated Earnings Results for the Year Ended December 31, 2016

Add New Energy Investment Holdings Group Limited announced audited consolidated earnings results for the year ended December 31, 2016. For the year, the company reported revenue of RMB 58,248,000 against RMB 294,481,000 a year ago. Operating loss was RMB 85,148,000 against RMB 260,454,000 a year ago. Loss before income tax was RMB 109,600,000 against RMB 282,057,000 a year ago. Loss attributable to owners of the company was RMB 117,240,000 or RMB 0.03 per basic and diluted share against RMB 261,414,000 or RMB 0.06 per basic and diluted share a year ago. The decrease in revenue was primarily due to the decrease in turnover by approximately RMB 139.3 million from trading of coarse iron powder; the decrease in sales of iron concentrates produced from iron ore of Yangzhuang Iron Mine by approximately RMB 44.6 million; the decrease in sales of mixing iron concentrates purchased from other suppliers and/or produced from coarse iron powder by approximately RMB 52.0 million; and the decrease in sales of iron concentrates produced from ilmenite ore of Zhuge Shangyu Ilmenite Mine and ilmenite ore of Luxing Titanium Mine by approximately RMB 1.2 million and RMB 4.2 million respectively for the year ended 31 December 2016, which was offset by the increase in sales of titanium concentrates produced from ilmenite ore of Zhuge Shangyu Ilmenite Mine and ilmenite ore of Luxing Titanium Mine by approximately RMB 6.2 million and RMB 0.6 million respectively for the year ended 31 December 2016.

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