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sunrise china technology gro (8226) Snapshot

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sunrise china technology gro (8226) Details

Sunrise (China) Technology Group Limited, an investment holding company, engages in the environmental related businesses. It is involved in the manufacture and sale of straw fuel briquettes, which is a type of biofuels and a substitute for coal for customers in the agricultural and manufacturing industries; and trading of natural resources, commodities, and garment accessories. The company primarily has operations in Mainland China and Singapore. It was formerly known as Sonavox International Holdings Limited and changed its name to Sunrise (China) Technology Group Limited in January 2011. The company is headquartered in Wan Chai, Hong Kong.

27 Employees
Last Reported Date: 03/29/15

sunrise china technology gro (8226) Top Compensated Officers

Executive Director
Total Annual Compensation: $217.0K
Executive Director
Total Annual Compensation: $41.0K
Compliance Officer and Executive Director
Total Annual Compensation: $520.0K
Compensation as of Fiscal Year 2014.

sunrise china technology gro (8226) Key Developments

Chen Wai Chung Edmund Tenders Resignation as a Non-Executive Director of Sunrise (China) Technology Group Limited

The board of directors of Sunrise (China) Technology Group Limited announced that Mr. Chen Wai Chung Edmund has tendered his resignation as a non-executive Director with effect from 15 January 2016 due to his own career development.

Sunrise (China) Technology Group Limited Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2015

Sunrise (China) Technology Group Limited announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2015. For the quarter, the company reported revenue of HKD 27,787,000 against HKD 673,000 a year ago. Loss before tax was HKD 21,248,000 against HKD 6,574,000 a year ago. Loss attributable to owners of the company was HKD 13,698,000 or 1.81 cents per basic share against HKD 6,051,000 or 1.40 cents per basic share a year ago. For the nine months, the company reported revenue of HKD 59,416,000 against HKD 7,721,000 a year ago. Loss before tax was HKD 70,085,000 against profit of HKD 37,141,000 a year ago. Loss attributable to owners of the company was HKD 46,607,000 or 7.88 cents per basic share against profit of HKD 37,734,000 or 8.74 cents per basic share a year ago. The growth in turnover was mainly driven by the Group's engagement in the trading business of (i) natural resources and commodities and (ii) garment accessories, which contributed to HKD 48.8 million and HKD 10.1 million of revenue respectively, whereas none of such revenue was recorded in the same period of last year.

Sunrise (China) Technology Group Limited Provides Earnings Guidance for the Nine Months Ended 30 September 2015

Sunrise (China) Technology Group Limited board of directors announced that, based on the information currently available to the Board, the Group is expected to record a loss attributable to the owners of the company for the nine months ended 30 September 2015 as compared to the profit attributable to the owners of the company in the same period of last year. The substantial difference was primarily attributable to: the additional provision for impairment on plant and equipment, inventories, trade and other receivables for the Group's Shengyan business; and the gain from the disposal of Shengyi business recorded during the nine months ended 30 September 2014.

 

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