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coolpad group ltd (2369) Details

Coolpad Group Limited, an investment holding company, develops and provides integrated solutions for smartphone sets, mobile data platform systems, and value-added businesses in Mainland China and internationally. It operates through three segments, Mobile Phone; Property Investment; and Finance Service. The Mobile Phone segment engages in the research, development, production and sale of mobile phones and related accessories; and provision of wireless application services. The Property Investment segment invests in properties. The Finance Service segment engages in the provision of a range of micro-credit financing services. The company also provides product design and software development for mobile handsets. Coolpad Group Limited offers its products for enterprises, government, and mobile operators, as well as individual consumers under the Coolpad brand name. The company, formerly known as China Wireless Technologies Limited, was founded in 1993 and is headquartered in Shenzhen, China. Coolpad Group Limited is a subsidiary of Data Dreamland Holding Limited.

4,497 Employees
Last Reported Date: 09/20/16
Founded in 1993

coolpad group ltd (2369) Top Compensated Officers

Chairman and Chairman of Nomination Committee
Total Annual Compensation: $415.0K
Vice Chairman, Chief Financial Officer, Vice ...
Total Annual Compensation: $3.6M
Executive Director
Total Annual Compensation: $415.0K
Deputy General Manager of Sales and Executive...
Total Annual Compensation: $2.8M
Compensation as of Fiscal Year 2015.
coolpad group ltd
Coolpad Selects Jaima Intercontinental as Distributor and Marketer of its Smartphones in Nepal

Coolpad has entered the Nepalese market with the launch of its 'Cool 1' smartphone. Coolpad has selected Jaima Intercontinental (JIPL) as distributor and marketer of Coolpad smartphones in Nepal.

Coolpad Group Limited Changes the Principal Place of Business

Coolpad Group Limited changed the principal place of business to 1902 China Evergrande Centre, 38 Gloucester Road, Wanchai, Hong Kong.

Coolpad Group Limited Provides Preliminary Unaudited Consolidated Earnings Guidance for the Year Ending December 31, 2016

The board of directors of Coolpad Group Limited provided preliminary unaudited consolidated earnings guidance for the year ending December 31, 2016. For the year, the company anticipated loss attributable to the owners of the company will be approximately HKD 3,000 million as compared to a profit attributable to the owners of the company of approximately HKD 2,325 million for the year ended December 31, 2015. Based on the analysis of the information available, the estimated loss for the year 2016 is primarily attributable to a decrease in sales by approximately 43% for the ten months ended October 31, 2016 as compared to that of the corresponding period in 2015. Based on the unaudited consolidated management accounts of the Group for the ten months ended October 31, 2016, the Group recorded a loss of approximately HKD 730 million from the principal business. The decrease in sales was mainly due to the downturn and fierce competition in the domestic smart phone market, and the Group only introduced one new smart phone product to the market in the second half of 2016 and has been focusing on the inventory clearance. The Group has been adjusting its business strategies with business restructuring and development of open retail channel. However, it still needs some time to achieve a marked improvement in the sales performance of the Group and an expected loss of approximately HKD 226 million for the ten months ended October 31, 2016 recorded the company due to the loss of Coolpad E-commerce attributable to company. The company shared 50.5% of the loss recorded by Coolpad E-commerce before April 22, 2016 and 25% after that date.

 

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