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February 10, 2016 8:49 AM ET

Metals and Mining

Company Overview of China Zhongsheng Resources Holdings Limited

Company Overview

China Zhongsheng Resources Holdings Limited, an investment holding company, engages in the exploration, mining, and processing of iron and ilmenite ore in the People's Republic of China. The company primarily produces and sells iron and titanium concentrates to iron pellets and steel producers in Shandong Province. 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 mine, an ilmenite ore mine located in Yishui county, Shandong province....

Qin Jia Zhuang

Yishui County

Yangzhuang,  

China

259 Employees

Key Executives for China Zhongsheng Resources Holdings Limited

Chief Executive Officer and Executive Director
Age: 45
Total Annual Compensation: $475.0K
Chairman, Chairman of Nomination Committee and Member of Remuneration Committee
Age: 48
Total Annual Compensation: $728.0K
Executive Director
Age: 56
Total Annual Compensation: $475.0K
Compensation as of Fiscal Year 2014.

China Zhongsheng Resources Holdings Limited Key Developments

China Zhongsheng Resources Holdings Limited Announces Unaudited Consolidated Cash Flow Results for the Six Months Ended June 30, 2015

China Zhongsheng Resources Holdings Limited announced unaudited consolidated cash flow results for the six months ended June 30, 2015. For the six months, the company reported net cash generated from operating activities of RMB 34,275,000 compared to net cash used in operating activities of RMB 2,909,000 a year ago. Purchase of property, plant and equipment and intangible assets of RMB 5,084,000 compared to RMB 21,636,000 a year ago.

China Zhongsheng Resources Holdings Limited Announces Unaudited Consolidated Earnings Results for the Six Months Ended June 30, 2015

China Zhongsheng Resources Holdings Limited announced unaudited consolidated earnings results for the six months ended June 30, 2015. For the six months, the company reported revenue of RMB 181,677,000 against RMB 279,235,000 a year ago. Loss from operations was RMB 83,727,000 against profit from operations was RMB 20,810,000 a year ago. Loss before income tax was RMB 93,084,000 against profit before income tax was RMB 10,756,000 a year ago. Loss attributable to owners of the company was RMB 76,050,000 compared with profit attributable to owners of the company was RMB 7,117,000 a year ago. Loss per share attributable to the owners of the company was RMB 0.019 compared with earnings per share attributable to the owners of the company was RMB 0.002 a year ago. For the six months ended 30 June 2015, 35.4% of the group's total sales consisted of the sales of iron concentrates and titanium concentrates while the remaining 64.6% of sales were derived from trading of coarse iron powder and other income from Ishine International. The Group mainly sold iron concentrates and titanium concentrates produced by the Group to iron pellets and steel producers in Shandong Province, the PRC. In addition to the above customers of iron and titanium concentrates, the Group sold coarse iron powder to other customers engaged in trading and manufacturing of iron-related products in the PRC.

China Zhongsheng Resources Holdings Limited, Board Meeting, Aug 28, 2015

China Zhongsheng Resources Holdings Limited, Board Meeting, Aug 28, 2015. Agenda: To consider and approve, among others, the unaudited interim results of the Company and its subsidiaries for the six months ended 30 June 2015; and to consider declaration of an interim dividend (if any).

Recent Private Companies Transactions

Type
Date
Target
Buyback
January 14, 2016
--
Private Placement
March 1, 2015
--
 

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