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fdg electric vehicles ltd (729) Snapshot

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fdg electric vehicles ltd (729) Details

FDG Electric Vehicles Limited, an investment holding company, engages in the research and development, production, distribution, and sale of lithium-ion batteries and related products. It operates through Battery Products; Vehicle Design and Electric Vehicle Production; Electric Vehicle Leasing; Battery Materials Production; and Direct Investments segments. The company also designs, manufactures, sells, and leases electric vehicles, such as public buses, mid-size buses, commercial vehicles, trucks, passenger vehicles, and other models; leases electric vehicles; offers vehicle design services; and provides human resources, administrative management, and consultancy services. In addition, the company is involved in the research and development, manufacture, and sale of cathode materials; purchase of battery raw materials; technology development; and financing, securities trading, and assets investment activities. It has operations in the People’s Republic of China, European countries, the United States, Australia, Hong Kong, and internationally. The company was formerly known as Sinopoly Battery Limited and changed its name to FDG Electric Vehicles Limited in May 2014. FDG Electric Vehicles Limited is headquartered in Wanchai, Hong Kong.

3,153 Employees
Last Reported Date: 12/19/16

fdg electric vehicles ltd (729) Top Compensated Officers

Chairman and Chief Executive Officer
Total Annual Compensation: $4.6M
Chief Operating Officer and Executive Directo...
Total Annual Compensation: $3.4M
Deputy Chairman
Total Annual Compensation: $3.5M
Vice President and Executive Director
Total Annual Compensation: $3.0M
Senior Executive of the Battery Manufacturing...
Total Annual Compensation: $152.0K
Compensation as of Fiscal Year 2016.
fdg electric vehicles ltd
FDG Electric Vehicles Limited Announces Unaudited Consolidated Earnings Results for Six Months Ended Sept. 30, 2016

FDG Electric Vehicles Limited announced unaudited consolidated earnings results for six months ended Sept. 30, 2016. For the period, the company reported revenue of HKD 507,130,000, loss before tax of HKD 423,644,000, loss for the period of HKD 402,629,000, loss attributable to owners of the company of HKD 276,353,000, loss per share attributable to owners of the company - basic and diluted of 1.25 cents, net cash used in operating activities of HKD 954,750,000, payments for acquisition for property, plant and equipment of HKD 317,801,000 compared to the revenue of HKD 137,209,000, loss before tax of HKD 304,195,000, loss for the period of HKD 317,130,000, loss attributable to owners of the company of HKD 181,923,000, earnings per share attributable to owners of the company - basic and diluted of 1.00 cents, net cash used in operating activities of HKD 149,577,000, payments for acquisition for property, plant and equipment of HKD 337,617,000 for the same period a year ago.

FDG Electric Vehicles Limited Announces Unaudited Consolidated Financial Results for the Six Months Ended 30 September 2016

FDG Electric Vehicles Limited announced unaudited consolidated financial results for the six months ended 30 September 2016. For the six months, revenue was HKD 507,130,000 against HKD 137,209,000 for the same period of last year. Loss before tax was HKD 423,644,000 against HKD 304,195,000 for the same period of last year. Loss for the period attributable to owners of the company was HKD 276,353,000 against profit of HKD 181,923,000 for the same period of last year. Loss per diluted share was 1.25 cents against 1.00 cents for the same period of last year. The substantial increase was mainly due to a combination effect of the sales of electric vehicles, which included mini-size buses, commercial vehicles and public buses; the increase in sales of cathode materials from the battery materials production business of as the business not yet acquired by the Group in the last corresponding period; and a decrease in sales of battery products as compared to that of the last corresponding period as a strong internal demand of the lithium-ion batteries from the Group's electric vehicle production business segment.

FDG Electric Vehicles Limited Appoints Wong Kwok Yiu as Non-Executive Director

The board of directors of FDG Electric Vehicles Limited has approved the appointment of Mr. Wong Kwok Yiu (Mr. Wong) as non-executive director of the company with effect from November 25, 2016 upon receipt of a written notice given by Star Mercury Investments Ltd. for the nomination of Mr. Wong to be a non-executive director of the company pursuant to the subscription agreement entered into between the company and Star Mercury Investments Ltd. dated December 9, 2015. Mr. Wong joined CITIC Limited in 1997. Since then, Mr. Wong has gained almost 20 years of experience in project investment and evaluation, financial modeling and analysis, project management and commercial negotiation. Mr. Wong is currently an assistant director of the business development department of CITIC Pacific Limited. He is also a director of various subsidiaries of CITIC Pacific Limited. He is currently a director of New Hong Kong Tunnel Company Limited since 2010 and is currently a director of Western Harbour Tunnel Company Limited since 2012. Mr. Wong will sign an appointment letter with the Company. His term of appointment is for a fixed term of two years from 25 November 2016 to 24 November 2018.

 

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