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Last $2.21 HKD
Change Today +0.20 / 9.95%
Volume 7.3M
1039 On Other Exchanges
Symbol
Exchange
Hong Kong
Berlin
As of 2:09 AM 06/30/15 All times are local (Market data is delayed by at least 15 minutes).

fortunet e-commerce group lt (1039) Snapshot

Open
$2.01
Previous Close
$2.01
Day High
$2.34
Day Low
$1.85
52 Week High
06/11/15 - $2.77
52 Week Low
06/30/14 - $0.35
Market Cap
3.4B
Average Volume 10 Days
4.5M
EPS TTM
$-0.19
Shares Outstanding
1.5B
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for FORTUNET E-COMMERCE GROUP LT (1039)

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fortunet e-commerce group lt (1039) Details

Fortunet e-Commerce Group Limited, an investment holding company, manufactures and sells axle and related components for medium and heavy duty truck aftermarkets and original equipment manufacturers (OEM) markets in the People’s Republic of China. The company operates through three segments: OEM and Related Market, Aftermarket, and Train and Railway Business. Its axle components comprise cast steel and punched steel axle housings, brake drums, axle shafts, axle differentials and reductors, steering knuckles, and front axle beams; and a range of front, middle, and rear axle assemblies and suspension assemblies. The company also manufactures and sells roughcasts and gears; and train bolsters, train side frames, and related train components. It also exports train side frames and train bolsters. The company was formerly known as Changfeng Axle (China) Company Limited and changed its name to Fortunet e-Commerce Group Limited in June 2015. The company was founded in 2001 and is based in Sha Tin, Hong Kong. Fortunet e-Commerce Group Limited is a subsidiary of Changfeng Axle Holdings Ltd.

950 Employees
Last Reported Date: 04/17/15
Founded in 2001

fortunet e-commerce group lt (1039) Top Compensated Officers

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Executives, Board Directors

fortunet e-commerce group lt (1039) Key Developments

Fortunet e-Commerce Group Limited Provides Earnings Guidance for the Six Months Ending June 30, 2015

Based on the preliminary assessment by the Group's management and the unaudited consolidated management accounts of the Group for five months to 31 May 2015 and current order book on hand, the board of directors of Fortunet e-Commerce Group Limited informed the shareholders of the company and potential investors that the Group's loss attributable to owners of the company for the six months ending 30 June 2015 is presently anticipated to increase significantly as compared to that for the six months ending 30 June 2014. Such increase in losses for the six months ending 30 June 2015 was mainly attributable to a decrease of not less than 30% in the revenue of the Group generated from the car component business for the six months ending 30 June 2015 as compared to the same period last year and the impairment of assets, including property, plant and equipment and inventories, related to the train and railway business of approximately RMB 250 million.

Fortunet e-Commerce Group Limited Announces Principal Place of Business in Hong Kong

The board of directors of Fortunet e-Commerce Group Limited announced that the company's principal place of business in Hong Kong has been changed to Room 808-814, 8/F, Sun Hung Kai Centre, 30 Harbour Road, Wanchai, Hong Kong from June 19, 2015.

Fortunet e-Commerce Group Limited Announces Management Changes

The board of directors of Fortunet e-Commerce Group Limited announced that Ms. Wu Ching has resigned as an executive director of the company due to her decision to devote more time to her personal endeavors with effect from June 16, 2015. The board announced that Mr. Lai Fengcai resigned as chief executive officer of the company with effect from June 16, 2015 due to his resignation as executive director of the company which took effect on March 25, 2015. The board announced that Mr. Chan Yuk Man, Calvin has resigned as company secretary of the company due to his decision to devote more time to his personal endeavors; and Mr. Chan Chi Keung, Billy has been appointed as company secretary of the company, all with effect from June 16, 2015. The board announced that Mr. Chan Yuk Man, Calvin has ceased to be the authorized representative of the company under the Listing Rules; and Mr. Chan Chi Keung, Billy has been appointed as the authorized representative of the company under the Listing Rules, all with effect from June 16, 2015. Mr. Chan Chi Keung, Billy is the financial controller, company secretary, and one of the authorised representatives of the company. Mr. Chan has over 18 years' experience in auditing, accounting and financial management. He had worked in South China Media Group for 15 years from December 1999 to May 2015 and his latest position was the deputy financial controller. He had worked in South China Land Limited from January 2004 to June 2008 as the qualified accountant and company secretary.

 

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1039

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Valuation 1039 Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 3.8x
Price/Book 1.9x
Price/Cash Flow NM Not Meaningful
TEV/Sales 6.3x
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