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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, operates in energy-conservation and environmental protection businesses primarily 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. It is principally engaged in development and utilization of shallow ground source energy as the alternative heating (cooling) energy for buildings to upgrade the traditional heating industry with combustion, emission, and pollution impacts using single-well circulation heat exchange technology. The company is also involved in the provision, installation, and maintenance of shallow geothermal energy utilization systems; property investment and development activities; and securities investment and trading activities. Further, it offers property management and technical support services, as well as technical know-how holding services. 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.

600 Employees
Last Reported Date: 03/31/15
Founded in 1999

china ground source energy (8128) Top Compensated Officers

Joint Chairman, Chief Executive Officer, Exec...
Total Annual Compensation: $3.3M
Chief Financial Officer, Executive Director a...
Total Annual Compensation: $1.4M
Vice Chairman, Compliance Officer and Member ...
Total Annual Compensation: $1.9M
Compensation as of Fiscal Year 2013.

china ground source energy (8128) Key Developments

China Ground Source Energy Industry Appoints Mr. Liu Dajun as an Executive Director, Joint Chairman of the Board, Chief Operating Officer, Chairman of the Strategic Committee, Deputy Chairman of Nomination Committee and Remuneration Committee

China Ground Source Energy Industry Group Limited announced that with effect from 12 May 2015, Mr. Liu Dajun has been appointed as executive Director of the Company, Joint Chairman of the Board, Chief Operating Officer, Chairman of the strategic committee, Deputy Chairman of nomination committee and remuneration committee of the Company. Mr. Liu is currently the director of CECEP Environment Protection Investment Development (Jiangxi) Co. Ltd.

China Ground Source Energy Industry Group Limited Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015

China Ground Source Energy Industry Group Limited reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported revenue of HKD 89,657,000 against HKD 108,806,000 a year ago. Profit from operations was HKD 22,024,000 against HKD 28,881,000 a year ago. Profit before tax was HKD 6,144,000 against HKD 8,547,000 a year ago. Profit attributable to owners of the company was HKD 2,429,000 or 0.084 cents basic and diluted per share against HKD 657,000 or 0.023 cents basic and diluted per share a year ago. The revenue decreased by approximately HKD 19,149,000 as compared with that of corresponding period last year, and the group's gross profit margin decreased from 52.3% in last corresponding period to 46.4% in the current period, it was mainly attributable to the fact that the group secured some technical support and consultation agreements with large contract sum in the corresponding period last year.

China Ground Source Energy Industry Group Limited Provides Earnings Guidance for the Three Months Ended 31 March 2015

China Ground Source Energy Industry Group Limited provided earnings guidance for the three months ended 31 March 2015. The company to inform the shareholders of the company and potential investors that it is expected to record a decrease in net profit of the unaudited first quarterly results of the company and its subsidiaries for the three months ended 31 March 2015 as compared with the net profit for the corresponding period last year. Such decrease in net profit was mainly attributable to the decrease in revenue during the period.

 

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