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shifang holding ltd (1831) Snapshot

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shifang holding ltd (1831) Details

ShiFang Holding Limited, an investment holding company, engages in publishing and advertising businesses in the People’s Republic of China. It provides a series of newspaper advertising services; value-added advertising services, such as target markets and readership analysis, content development and planning, layout development, editing, and event organization; electronic publication dissemination services; and tailor-made digital advertising services, including the content draft, design, and production. The company also offers TV advertising services for real estate and automotive clients, including design and production of mini-programs and related advertisements focusing on the automotive industry; online services; and radio advertising services. In addition, it provides print media services to advertising customers in various industries; and various complementary services, including distribution management, publishing printed content by digital means, and providing market promotion values, as well as publication distribution consultation and management services. Further, the company offers integrated marketing services with a focus on Web products, computer software development and sales, and technical services; corporate management information consultancy; marketing, agent, and economic information consultancy for the real estate industry; and advertising services, including design, production, agency, and launch, as well as technology promotion and consultancy services. It serves consumer products, real estate, computer and communication products, telecommunications, home appliance retailing, automotive, home construction materials, healthcare and medicine, education, and classified advertisement sectors. ShiFang Holding Limited was founded in 2000 and is headquartered in Fuzhou, the People’s Republic of China. ShiFang Holding Limited (SEHK:1831) operates independently of China TopReach Inc as of July 17, 2015.

492 Employees
Last Reported Date: 09/11/15
Founded in 2000

shifang holding ltd (1831) Top Compensated Officers

Chairman, Chief Executive Officer, Member of ...
Total Annual Compensation: CNY1.9M
Chief Financial Officer and Executive Directo...
Total Annual Compensation: CNY833.0K
Executive Director
Total Annual Compensation: CNY1.4M
Executive Director
Total Annual Compensation: CNY1.0M
Compensation as of Fiscal Year 2014.

shifang holding ltd (1831) Key Developments

ShiFang Holding Limited Appoints Mr. Zhou Xu Xiang as an Independent Non-Executive Director and Member of the Nomination Committee

The Board of Directors of ShiFang Holding Limited announced that the Board has approved the appointment of Mr. Zhou Xu Xiang as an independent non-executive director of the company with effect from 19 November 2015. Mr. Zhou has over 15 years of experience in corporate finance, private equity, credit structuring and investments in Hong Kong and New York. Mr. Zhou was also appointed as a member of the Nomination Committee of the company.

Shifang Holding Limited Announces Unaudited Consolidated Earnings Results for the Six Months Ended June 30, 2015

ShiFang Holding Limited announced unaudited consolidated earnings results for the six months ended June 30, 2015. For the quarter the company reported revenue of approximately RMB 41.7 million from its core businesses, representing a decline of 54.8% as compared to the corresponding period in 2014. The group's net loss after tax for the period amounted to approximately RMB 54.9 million, which was an improvement from the net loss after tax for the first half of 2014 of approximately RMB 70.1 million. This was mainly attributable to a significant year-on-year drop of 40.0% in selling and marketing expenses from RMB 16.0 million to RMB 9.6 million for the period as well as a large reduction in administrative expenses of 47.2% from RMB 68.2 million to RMB 36.0 million due to the decrease in the impairment provision for prepayments, deposits and other receivables during the Period. Loss before income tax of RMB 55 million compared to RMB 68 million a year ago. Total comprehensive loss attributable to owners of the company of RMB 52 million compared to RMB 68.2 million a year ago. Basic and diluted loss per share for loss attributable to owners of the company of RMB 0.0619 compared to RMB 0.0813 a year ago. Net cash used in operating activities amounted to RMB 26.0 million, this is primarily attributable to the net loss for the period amounting to RMB 54.9 million. The group's business generally does not require significant ongoing capital expenditures. The group incurs capital expenditures mainly for the purchase of printing machinery and office equipment. The group's capital expenditures were RMB 0.3 million and RMB 1.2 million for the six months ended 30 June 2015 and 30 June 2014, respectively.

ShiFang Holding Limited to Report Q2, 2015 Results on Aug 28, 2015

ShiFang Holding Limited announced that they will report Q2, 2015 results on Aug 28, 2015


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