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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 Provides Consolidated Earnings Guidance for the Nine Months Ended September 30, 2016

China Ground Source Energy Industry Group Limited provided consolidated earnings guidance for the nine months ended September 30, 2016. The board of directors of company inform the shareholders of the company and potential investors that, based on information currently available, the results of the company and its subsidiaries for the nine months ended 30 September 2016 is expected to record a loss as compared to a profit for the last corresponding period in 2015. Such loss was mainly attributable to the decrease in gross profit margin; and the significant decrease in the aggregate fair value arising from revaluations of the investment properties of the group.

China Ground Source Energy Industry Group Limited Announces Change of Registered Office Address in the Cayman Islands

The board of directors of China Ground Source Energy Industry Group Limited announced that with effect from 1 October 2016, the registered office address of the company in the Cayman Islands will be changed to Grand Pavilion, Hibiscus Way, 802 West Bay Road, P.O. Box 31119, KY1-1205, Cayman Islands.

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.


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