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Last $1.46 HKD
Change Today -0.04 / -2.67%
Volume 1.2M
2188 On Other Exchanges
Hong Kong
As of 4:01 AM 04/24/15 All times are local (Market data is delayed by at least 15 minutes).

china titans energy technolo (2188) Snapshot

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52 Week High
04/14/15 - $1.70
52 Week Low
01/2/15 - $0.68
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Current Stock Chart for CHINA TITANS ENERGY TECHNOLO (2188)

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china titans energy technolo (2188) Details

China Titans Energy Technology Group Co., Limited, an investment holding company, is engaged in the research, development, manufacture, and sale of power electronic products and equipment in China. It offers power supply products, including HVDC products for communication, GZDW frequency switch direct current power supply systems, high frequency switch of telecommunication power supply systems, un-interrupted power supply systems, intelligent LV AC power distribution systems, integration power supply systems, test power supply systems, feedback type charging and discharging devices, and inverter discharge devices. The company also manufactures EV charging products, including integrated EVC, independent EVC, AC EV charging pole, DC EV charging pole, EVC on board, and battery maintenance systems; and storage power and microgrid consisting of PV converters, energy storage chargers and dischargers, TPCS converters, controllers, battery management system, and daemon software products. In addition, it provides power grid monitoring and management products and charging equipment; battery formatting and grading equipment, battery testing and maintenance equipment, and battery intelligence analysis software; and wind and solar power generating balancing control products. The company was founded in 1992 and is headquartered in Zhuhai, the People’s Republic of China.

369 Employees
Last Reported Date: 03/27/15
Founded in 1992

china titans energy technolo (2188) Top Compensated Officers

Chief Executive Officer, General Manager and ...
Total Annual Compensation: CNY462.0K
Executive Chairman and Chairman of Nomination...
Total Annual Compensation: CNY462.0K
Compensation as of Fiscal Year 2013.

china titans energy technolo (2188) Key Developments

China Titans Energy Technology Group Co., Limited Announces Consolidated Cash Flow Results for the Year Ended December 31, 2014

China Titans Energy Technology Group Co., Limited announced consolidated cash flow results for the year ended December 31, 2014. For the period, the company reported net cash used in operating activities of RMB 4,615,000 compared to RMB 71,891,000 a year ago. Purchase of property, plant and equipment was RMB 2,950,000 compared to RMB 8,696,000 a year ago.

China Titans Energy Technology Group Co., Limited Appoints Pang Zhan as Independent Non-Executive Director and Member of Audit Committee, Remuneration Committee and Nomination Committee

The board of directors of China Titans Energy Technology Group Co., Limited announced that Mr. Pang Zhan has been appointed as the independent non-executive Director with effect from 16 April 2015. Upon his appointment as the independent non-executive Director, Mr. Pang has also been appointed as a member of the company’s audit committee, remuneration committee and nomination committee with effect from 16 April 2015. Since 2010, he has been a lecturer in the Department of Management Science in the Lancaster University. He was then promoted to the position of senior lecturer (associate professor) in August 2014. He is also an adjunct professor in Norwegian School of Economics (since January 2014) and a visiting associate professor in the City University of Hong Kong (since October 2014 until May 2015).

China Titans Energy Technology Group Co., Limited Reports Audited Consolidated Earnings Results for the Year Ended 31 December 2014

China Titans Energy Technology Group Co., Limited reported audited consolidated earnings results for the year ended 31 December 2014. For the year, the company reported revenue of RMB 178,517,000 against RMB 175,933,000 a year ago. Loss before taxation was RMB 45,174,000 against RMB 38,132,000 a year ago. Loss for the year from continuing operations was RMB 43,021,000 against RMB 34,266,000 a year ago. Loss for the year attributable to owners of the company was RMB 43,831,000 against RMB 33,811,000 a year ago. Basic and diluted loss per share was 5.24 cents against 4.07 cents a year ago. Turnover was mainly derived from the group's principal businesses, including electrical DC products, charging equipment for electric vehicles and power grid monitoring and management products business. The increase in loss was mainly due to the decline of the number of bids for electrical DC products, which resulted in the decrease of the group's sales during the reporting period; in the meantime, despite a significant growth in 2014, sales of charging equipment for electric vehicle lagged behind what the management expected in the beginning of 2014. At the same time, the group continued to increase its investment in marketing and research and development of new products, and made active efforts to develop the new energy charging network operating business. Investment in such activities increased the group's expenditure in 2014, contributing to the group's continuous loss in 2014. The group had capital expenditure contracted for but not provided in the consolidated financial statements of approximately RMB 11,219,000 against approximately RMB 8,572,000 in 2013, in respect of investment, factory renovation and purchase of equipment.


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