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china ground source energy (8128) Snapshot

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china ground source energy (8128) Details

China Ground Source Energy Industry Group Limited, an investment holding company, specializes in the field of promoting the geothermal ground source energy as alternative energy for heating in the People’s Republic of China. The company operates through Shallow Ground Source Energy, Securities Investment and Trading, and Properties Investment and Development segments. The Shallow Ground Source Energy segment engages in the licensing of patented products and proprietary technology; contract management of shallow ground source energy as heating (cooling) energy; construction and operation of dispersed ground source energy station for cooling and heating; sale and installation of HYY ground source energy heat pump environment system; and provision of ground source energy for integrated heating and cooling industrial park. The Securities Investment and Trading segment invests its funds for trading of securities and other types of investment. The Properties Investment and Development segment invests in properties. The company was formerly known as China Ground Source Energy Limited and changed its name to China Ground Source Energy Industry Group Limited in June 2013. China Ground Source Energy Industry Group Limited was incorporated in 1999 and is headquartered in Central, Hong Kong.

670 Employees
Last Reported Date: 08/16/16
Founded in 1999

china ground source energy (8128) Top Compensated Officers

Joint Chairman, Chairman of Nomination Commit...
Total Annual Compensation: $2.0M
Chief Financial Officer, Executive Director a...
Total Annual Compensation: $1.2M
Joint Chairman, Chief Operating Officer, Chai...
Total Annual Compensation: $1.3M
Vice Chairman, Compliance Officer and Member ...
Total Annual Compensation: $1.9M
Compensation as of Fiscal Year 2015.

china ground source energy (8128) Key Developments

China Ground Source Energy Industry Group Limited to Approve Amendments to the Articles of Association and Adoption of Amended and Restated Articles of Association

China Ground Source Energy Industry Group Limited announced that the extraordinary meeting to be held on September 26, 2016, to approve the amendments to the Articles of Association and adoption of amended and restated Articles of Association.

China Ground Source Energy Industry Group Limited, Special/Extraordinary Shareholders Meeting, Sep 26, 2016

China Ground Source Energy Industry Group Limited, Special/Extraordinary Shareholders Meeting, Sep 26, 2016, at 11:00 China Standard Time. Location: Regus Conference Centre, 35th Floor Central Plaza, 18 Harbour Road Wanchai Hong Kong Agenda: To approve the sale and purchase framework agreement entered into between the company and China Energy Conservation and Environmental Protection Group Company and the proposed annual caps for the continuing connected transaction thereunder; and to approve the amendments to the Articles of Association and adoption of amended and restated Articles of Association.

China Ground Source Energy Industry Group Limited Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2016

China Ground Source Energy Industry Group Limited reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2016. For the quarter, the company reported revenue of HKD 51,675,000 compared to HKD 89,729,000 a year ago. Profit from operations was HKD 14,995,000 compared to HKD 25,185,000 a year ago. Profit before tax was HKD 5,259,000 compared to HKD 11,086,000 a year ago. Loss for the period was HKD 258,000 or 0.060 cents per basic and diluted share compared to profit for the period of HKD 891,000 or 0.026 cents per diluted share a year ago. For the six months, the company reported revenue of HKD 189,343,000 compared to HKD 179,386,000 a year ago. Profit from operations was HKD 30,436,000 compared to HKD 47,209,000 a year ago. Profit before tax was HKD 10,112,000 compared to HKD 17,230,000 a year ago. Profit for the period was HKD 2,178,000 or 0.160 cents per basic and diluted share compared to HKD 3,108,000 or 0.109 cents per diluted share a year ago. Net cash inflow from operating activities was HKD 13,854,000 against net cash used in operating activities of HKD 68,237,000 a year ago.

 

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