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huiyin household appliances (1280) Snapshot

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huiyin household appliances (1280) Details

Huiyin Household Appliances (Holdings) Co., Ltd., an investment holding company, engages in the retail and bulk distribution sale of household appliances in the People’s Republic of China. The company is also involved in franchise operations; and the provision of consumer services, including after-sale and logistics management services for household appliances. As of December 31, 2014, it had an integrated retail network of 116 stores, including 43 self-operated stores and 73 franchised stores in the 20 cities/districts of Jiangsu and Anhui Provinces. In addition, the company offers agency services for the sale of lotteries; and logistics and warehouse services. Further, it engages in the online sale of household appliances and other merchandise; trading of food and other merchandise; bulk distribution sale of food and general merchandise; development of lottery sale systems; and provision of Internet financial information services. The company was formerly known as China Yinrui Investment Holding Co., Ltd. and changed its name to Huiyin Household Appliances (Holdings) Co., Ltd. in December 2009. Huiyin Household Appliances (Holdings) Co., Ltd. was founded in 2002 and is headquartered in Yangzhou, the People’s Republic of China.

869 Employees
Last Reported Date: 04/22/15
Founded in 2002

huiyin household appliances (1280) Top Compensated Officers

Founder, Chairman, Chief Executive Officer an...
Total Annual Compensation: CNY1.8M
Chief Financial Officer and Executive Directo...
Total Annual Compensation: CNY894.0K
Executive Director and Member of Nomination C...
Total Annual Compensation: CNY313.0K
Executive Director
Total Annual Compensation: CNY268.0K
Executive Director
Total Annual Compensation: CNY157.0K
Compensation as of Fiscal Year 2014.

huiyin household appliances (1280) Key Developments

Huiyin Household Appliances (Holdings) Co., Ltd., Annual General Meeting, May 29, 2015

Huiyin Household Appliances (Holdings) Co., Ltd., Annual General Meeting, May 29, 2015., at 10:00 China Standard Time. Location: 1804B, 18/F., Tower 1, Admiralty Centre. Agenda: To consider and adopt the audited financial statements of the company and its subsidiaries and the reports of the directors and independent auditor for the year ended December 31, 2014; to re-elect Mr. Cao Kuanping, Mr. Mo Chihe, Mr. Wang Zhijin, and Ms. Hu Yanyu as an executive directors of the company; to authorise the board of directors of the company to fix the remuneration of directors of the company; to re-appoint PricewaterhouseCoopers as the auditor of the company and to authorize the board of directors of the company to fix their remuneration; to give a general mandate to the directors to repurchase shares of the company not exceeding 10% of the total number of issued shares of the company as at the date of passing of this resolution; and to give a general mandate to the directors to issue, allot and deal with additional shares of the company not exceeding 20% of the total number of issued shares of the company as at the date of passing of this resolution.

Huiyin Household Appliances (Holdings) Co., Ltd. Reports Audited Consolidated Earnings Results for the Full Year Ended December 31, 2014

Huiyin Household Appliances (Holdings) Co., Ltd. reported audited consolidated earnings results for the full year ended December 31, 2014. During the year, due to the business development, the recovery in the household appliances consumer market and accelerated urbanization of rural area despite impact of macro-economic slowdown and expiration of the subsidies for energy-efficient household appliances in 2013, the Group's revenue was approximately RMB 3,093.0 million for 2014, representing an increase of 8.6% from approximately RMB 2,849.1 million for 2013. Operating profit was RMB 148,857,000 compared to operating loss of RMB 123,152,000 a year ago. Profit before income tax was RMB 104,098,000 compared to loss before income tax of RMB 151,247,000 a year ago. Profit attributable to equity holders of the company was RMB 50,004,000 or 4.28 cents per diluted share, compared to loss attributable to equity holders of the company of RMB 149,755,000 or 11.63 cents per diluted share, a year ago. Net cash used in operating activities was RMB 58,528,000 compared to operating loss of RMB 135,628,000 a year ago. Purchases of property, plant and equipment were RMB 27,875,000 compared to operating loss of RMB 25,114,000 a year ago. Purchases of intangible assets were RMB 848,000 compared to operating loss of RMB 25,000 a year ago. During the year, capital expenditure of the group amounted to approximately RMB 85.8 million, representing an increase from approximately RMB 31.2 million for 2013, primarily due to capital expenditure arising from acquisition of a subsidiary through issue of shares.

Huiyin Household Appliances (Holdings) Co., Ltd. Announces Audited Consolidated Financial Results for the Year Ended December 31, 2014

Huiyin Household Appliances (Holdings) Co., Ltd. announced audited consolidated financial results for the year ended December 31, 2014. For the year, the company reported revenue of RMB 3,093,022,000 against RMB 2,849,142,000 a year ago. Operating profit was RMB 148,857,000 against operating loss of RMB 123,152,000 a year ago. Profit before income tax was RMB 104,098,000 against loss before income tax RMB 151,247,000 a year ago. Profit attributable to equity holders of the company was RMB 50,004,000 or 4.28 cents per diluted share against loss attributable to equity holders of the company of RMB 149,755,000 or 11.63 cents per diluted share a year ago.

 

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