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May 22, 2015 5:29 PM 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

427 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 Announces Audited Consolidated Cash Flow Results for the Year Ended December 31, 2014

China Zhongsheng Resources Holdings Limited announced audited consolidated cash flow results for the year ended December 31, 2014. For the year, the company reported net cash used in operating activities of RMB 43,921,000 against net cash generated from operating activities of RMB 407,421,000 a year ago. Purchase of property, plant and equipment and intangible assets was RMB 37,973,000 against RMB 46,159,000 a year ago.

China Zhongsheng Resources Holdings Limited Announces Audited Consolidated Earnings Results for the Year Ended December 31, 2014

China Zhongsheng Resources Holdings Limited announced audited consolidated earnings results for the year ended December 31, 2014. For the year, the company reported revenue of RMB 426,082,000 against RMB 667,904,000 a year ago. Operating loss was RMB 74,634,000 against operating profit of RMB 162,672,000 a year ago. Loss before income tax was RMB 96,452,000 against profit before income tax of RMB 132,734,000 a year ago. Total loss for the year attributable to owners of the company was RMB 78,661,000 or RMB 0.02 per basic and diluted share against total profit for the year attributable to owners of the company of RMB 111,214,000 or RMB 0.03 per basic and diluted share a year ago. The decrease in revenue was primarily due to the decrease in sales of iron concentrates produced from iron ore of Yangzhuang Iron Mine by approximately RMB 126.4 million; the decrease in the consolidation of sales of iron concentrates produced from ilmenite ore of Zhuge Shangyu and ilmenite ore of Luxing Titanium Mine by approximately RMB 1.8 million and RMB 59.3 million respectively for the year ended 31 December 2014; the decrease in sales of iron concentrates produced from mixing iron concentrates purchased from other suppliers and/or produced from coarse iron powder by approximately RMB 42.5 million, and the decrease in turnover by approximately RMB 10.4 million from trading of coarse iron powder from approximately RMB 136.0 million for the year ended 31 December 2013 to RMB 125.6 million for the year ended 31 December 2014.

China Zhongsheng Resources Holdings Limited to Report Fiscal Year 2014 Results on Mar 27, 2015

China Zhongsheng Resources Holdings Limited announced that they will report fiscal year 2014 results on Mar 27, 2015

Recent Private Companies Transactions

Type
Date
Target
Private Placement
March 1, 2015
--
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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