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labixiaoxin snacks group ltd (1262) Snapshot

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02/27/14 - $6.07
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labixiaoxin snacks group ltd (1262) Details

Labixiaoxin Snacks Group Limited, an investment holding company, manufactures and sells food and beverages products primarily in the People’s Republic of China. It offers jelly products, which include jelly snacks comprising fruit-flavored jellies, jellies filled with canned fruit, yogurt jellies, and jelly mousse, as well as jelly beverages; confectionary products, including lollipops, milk candies, gummy candies, and chocolates; and other products, such as powdered milk tea, dried bean curd products, and baked products. Labixiaoxin Snacks Group Limited markets its jelly products under the Labixiaoxin brand name, as well as under the sub-brands, such as Eden Bar, Fresh Q, Xixi Jelly, Vegi-fruit Party, Zhenguoduo, and Qingmeiwuyu; and markets and sells its confectionary products under the Sunshine City brand name, powdered milk tea under the Humor brand name, and dried bean curd products under the Xiangdoufang brand name. The company was formerly known as China Lifestyle Food and Beverages Group Limited and changed its name to Labixiaoxin Snacks Group Limited in June 2012. The company was founded in 2000 and is headquartered in Jinjiang, the People’s Republic of China. Labixiaoxin Snacks Group Limited is a subsidiary of Alliance Food and Beverages (Holding) Company Limited.

2,700 Employees
Last Reported Date: 09/11/14
Founded in 2000

labixiaoxin snacks group ltd (1262) Top Compensated Officers

Chief Executive Officer, Executive Director a...
Total Annual Compensation: CNY800.0K
Chairman and Member of Remuneration Committee
Total Annual Compensation: CNY800.0K
Sales & Marketing Director and Executive Dire...
Total Annual Compensation: CNY800.0K
Compensation as of Fiscal Year 2013.

labixiaoxin snacks group ltd (1262) Key Developments

Labixiaoxin Snacks Group Limited to Release New Products

Labixiaoxin Snacks Group Limited announced that it will launch lactic acid bacteria jellys and beverages in November 2014 to enrich product ranges, having received orders of CNY 180 million for new products, which will be delivered in the future three months.

Labixiaoxin Snacks Group Limited Announces Executive Changes

The board of directors of Labixiaoxin Snacks Group Limited announced that Mr. Yap Yung has been appointed as the head of corporate finance of the company with effect from November 1, 2014. Upon the appointment of Mr. Yap as the head of corporate finance of the company, Mr. Yap has resigned as the chief financial officer of the company, the company secretary of the company, the authorized representative of the company. The board announced that, upon the resignations of Mr. Yap as chief financial officer, company secretary, authorized representative, process agent and authorized representative under the companies ordinance, Mr. Chan Yee Lok has been appointed as the chief financial officer, the company secretary, the authorized representative, the process agent and the authorized representative under the companies ordinance with effect from November 1, 2014. Upon the above appointments, Mr. Chan will no longer assume the role as the vice president of finance of the company. Prior to joining the company in August 2014, Mr. Chan had worked in international accounting firms and companies listed on the Main Board of the Stock Exchange and possessed over 17 years of accounting, financing and auditing experience.

Labixiaoxin Snacks Group Limited Reports Unaudited Consolidated Earnings Results for the Six Months Ended June 30, 2014

Labixiaoxin Snacks Group Limited reported unaudited consolidated earnings results for the six months ended June 30, 2014. For the period, the company reported sales of RMB 614.62 million compared to RMB 975.47 million a year ago. Operating profit was RMB 15.67 million compared to RMB 256.48 million a year ago. Profit before income tax was RMB 17.87 million compared to RMB 257.35 million a year ago. Profit and total comprehensive income for the period was RMB 10.34 million or RMB 0.01 per basic and diluted share compared to RMB 186.72 million or RMB 0.17 per basic and diluted share a year ago. Net cash used in operating activities was RMB 38.40 million compared to net cash generated from operating activities of RMB 243.03 million a year ago. Purchases of property, plant and equipment was RMB 16.95 million compared to RMB 17.38 million a year ago.


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