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china chuanglian education g (2371) Details

China Chuanglian Education Group Limited, an investment holding company, provides online education and training services through its interactive intelligent Internet management platform for governments, institutions, corporations, and consumers in the People’s Republic of China. The company operates through Advertising Media; Other Media; Securities Trading; and Educational Consultancy and Online Training and Education segments. It offers online continuing education, job skill enhancement training, and pre-examination preparation services to civil servants, as well as to professionals and technicians who work in various fields and industries at various levels through the company’s platforms, including chinanet.gov.cn, zsgxgc.gov.cn, cacee.org.cn, ecat.org.cn, and pm.chinahrt.com. The company also provides advertising services in placing advertisements on the outdoor billboards and light-emitting diode (LED) screens to advertisers and advertising agencies; and educational consultancy services, and online training and education services. In addition, it is involved in the provision of consultancy and media business operation; TV programs distribution; and trading of financial assets, as well as offers technical and educational consultancy services. Further, the company operates and broadcasts LED and outdoor displays; and promotes technologies. China Chuanglian Education Group Limited has a strategic cooperation agreement with Beijing Gehua CATV Network Co., Ltd. and Xinhua Net Co., Ltd. to develop an intelligent educational public service cloud platform for the provision of education and training services to education departments, various education institutions, students, and parents in the People’s Republic of China. The company was formerly known as China Oriental Culture Group Limited and changed its name to China Chuanglian Education Group Limited in January 2014. China Chuanglian Education Group Limited is based in Wanchai, Hong Kong.

187 Employees
Last Reported Date: 09/19/16

china chuanglian education g (2371) Top Compensated Officers

Chairman
Total Annual Compensation: CNY84.0K
Chief Operating Officer and Executive Directo...
Total Annual Compensation: CNY5.0K
Chief Strategy Officer and Executive Director
Total Annual Compensation: CNY92.0K
Chief Investment Officer and Executive Direct...
Total Annual Compensation: CNY62.0K
Compensation as of Fiscal Year 2015.
china chuanglian education g
China Chuanglian Education Group Limited Announces Board Changes

China Chuanglian Education Group Limited announced that Mr. Han Bing has tendered his resignation as independent non-executive director of the company, member of audit committee and remuneration committee and chairman of nomination committee of the company due to other business commitment with effect from 30 December 2016. Board also announced that Mr. Wu Yalin has been appointed as the independent non-executive director, member of audit committee and remuneration committee and chairman of nomination committee of the company.

China Chuanglian Education Group Limited Announces Changes in Principal Place of Business

The board of directors of China Chuanglian Education Group Limited announced that the principal place of business of the company in Hong Kong will be changed to Room 905-06, 9/F., China Evergrande Centre, 38 Gloucester Road, Wanchai, Hong Kong with effect from 1 December 2016.

China Chuanglian Education Group Limited Reports Unaudited Consolidated Cash Flow Results for the Six Months Ended June 30, 2016

China Chuanglian Education Group Limited reported unaudited consolidated cash flow results for the six months ended June 30, 2016. Net cash from operating activities was RMB 1,950,000 against net cash used in operating activities of RMB 8,015,000 for the same period a year ago. Purchase of plant and equipment was RMB 3,023,000 against RMB 4,741,000 for the same period a year ago. Addition of intangible assets was RMB 2,018,000.

 

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Valuation 2371 Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 5.5x
Price/Book 1.4x
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TEV/Sales 3.7x
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