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china high precision automat (591) Details

China High Precision Automation Group Limited, an investment holding company, manufactures and sells high precision industrial automation instruments and technology products, and horological instruments in Hong Kong and the People’s Republic of China. The company’s Automation Instrument and Technology Products segment manufactures and trades in intelligent display instruments, flow accumulate instruments, pressure transmitters, logging control instruments, temperature transmitters, instrument valves and tube fittings, and flow meters. Its Horological Instruments segment manufactures and trades multi-functional all-plastic quartz watch movements. The company offers its products and systems for the petroleum, chemical, natural gas, steel, non-ferrous, electric power, heat-supply, construction material, food, textile, pharmacy, vintage, plastic, water supply, power saving, environmental engineering, and various other light and heavy industries. China High Precision Automation Group Limited is headquartered in Wanchai, Hong Kong.

759 Employees
Last Reported Date: 03/7/16

china high precision automat (591) Top Compensated Officers

Founder, Chairman and Chief Executive Officer
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Chief Mechanical Engineer
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Chief Electrical Engineer
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Secretary and Executive Director
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Deputy General Manager and Executive Director
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Compensation as of Fiscal Year 2016.

china high precision automat (591) Key Developments

China High Precision Automation Group Limited Provides Group Earnings Guidance for the Year Ended June 30, 2016

China High Precision Automation Group Limited provided group earnings guidance for the year ended June 30, 2016. The board of directors of company to inform the shareholders of the company and potential investors that the group is expected to record an increase in loss for the year ended 30 June 2016 as compared to that of the year ended 30 June 2015. Such expected increase in loss was mainly due to the decrease in sales as a result of commencement of large-scale projects in China (particularly those in the petroleum and petrochemical industries) still in delay; persistent decrease in demand of both industrial automation instrument and technology products and horological instruments; and decrease in unit selling price of industrial automation instrument and technology products.

China High Precision Automation Group Limited Reports Unaudited Consolidated Earnings Results for the Six Months Ended December 31, 2015

China High Precision Automation Group Limited reported unaudited consolidated earnings results for the six months ended December 31, 2015. For the period, the company's turnover was RMB 89,606,000 compared to RMB 172,251,000 a year ago. The decrease is mainly due to the adverse effect of the sluggish global economy which causes delay in commencement of large scale projects in China (particularly those in the petroleum and petrochemical industries) and as a result of persistent decrease in demand of both industrial automation instrument and technology products and horological instruments. Loss from operations was RMB 36,331,000 compared to RMB 10,375,000 a year ago. Loss before taxation was RMB 36,331,000 compared to RMB 10,375,000 a year ago. Loss for the period attributable to equity shareholders of the Company was RMB 36,408,000 compared to RMB 10,421,000 a year ago. Loss per share - diluted was 3.51 cents compared to 1.00 cents a year ago. Net cash generated from operating activities 8,620,000 compared to net cash used in operating activities of RMB 2,821,000 a year ago.

China High Precision Automation Group Limited to Report First Half, 2016 Results on Feb 26, 2016

China High Precision Automation Group Limited announced that they will report first half, 2016 results on Feb 26, 2016

 

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Price/Sales 5.3x
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