October 17, 2017 3:26 PM ET

Machinery

Company Overview of Mudan Automobile Shares Company Limited

Company Overview

Mudan Automobiles Shares Company Limited engages in the manufacture and sale of automobiles in the People's Republic of China. The company offers light, medium, and large-sized buses, such as tourist coaches, minibuses, city buses, and cargo buses. Its products are used for traveling, public transportation, long-distance transportation, and business purposes. The company was incorporated in 1998 and is based in Zhangjiagang, the People's Republic of China. As of September 21, 2009, Mudan Automobiles Shares Company Limited operates as a subsidiary of Chengdu New Dadi Motor Company Limited.

No. 30 Lehong Road

Le Yu Town

Zhangjiagang,  

China

Founded in 1998

137 Employees

Phone:

86 512 5860 5003

Fax:

86 512 5896 9632

Key Executives for Mudan Automobile Shares Company Limited

Chairman, Chief Executive officer and Compliance officer
Age: 52
Deputy General Manager
Age: 55
Head of Manufacturing Department II
Age: 63
Head of Manufacturing Department I
Age: 56
Head of Automobile Research Institute
Age: 51
Compensation as of Fiscal Year 2017.

Mudan Automobile Shares Company Limited Key Developments

Mudan Automobile Shares Company Limited Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2017

Mudan Automobile Shares Company Limited reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2017. For the quarter, revenue was HKD 36,651,000 against HKD 30,552,000 last year. Profit before income tax expense was HKD 2,145,000 against HKD 2,107,000 last year. Profit and total comprehensive income for the year attributable to the owners of the company was HKD 1,602,000 against HKD 1,182,000 last year. Basic and diluted earnings per share were 0.3 cents compared with 0.3 cents a year ago. For six months, the company reported revenue was HKD 74,235,000 against HKD 55,827,000 last year. Loss before income tax expense was HKD 5,498,000 against profit before income tax expense HKD 2,188,000 last year. Loss and total comprehensive loss for the year attributable to the owners of the company was HKD 6,078,000 or 1.3 cents per basic and diluted share against profit and total comprehensive income for the year attributable to the owners of the company HKD 855,000 or 0.2 cents per basic and diluted share last year. Net cash generated from operating activities was KHD 14,258,000 against net cash used in operating activities of HKD 3,883,000 a year ago. Purchases of property, plant and equipment was HKD 2,850,000 against HKD 3,288,000 a year ago.

Mudan Automobile Shares Company Limited Reports Audited Consolidated Earnings Results for the Year Ended December 31, 2016

Mudan Automobile Shares Company Limited reported audited consolidated earnings results for the year ended December 31, 2016. For the quarter, revenue was HKD 159,127,000 against HKD 80,560,000 last year. Profit before income tax expense was HKD 22,750,000 against HKD 18,406,000 last year. Profit for the year was HKD 17,708,000 against HKD 15,366,000 last year. Profit and total comprehensive income for the year attributable to the owners of the company was HKD 17,708,000 against HKD 15,170,000 last year. Basic and diluted earnings per share were 4.72 cents compared with 4.10 cents a year ago. Such increase was mainly attributable to the fact that the customers of two projects which commenced prior to 1 January 2016 requesting for more works to be performed by the Group during 2016 which was outside of the scope of the original contracts. The Group recognised revenue of these two projects amounting to approximately HKD 55,772,000 for the year ended 31 December 2016 (2015: approximately HKD 17,112,000), representing an increase of approximately HKD 38,660,000 or 225.9% from the previous year.

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