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Last $1.51 HKD
Change Today +0.02 / 1.34%
Volume 17.3M
2369 On Other Exchanges
Hong Kong
As of 4:01 AM 10/5/15 All times are local (Market data is delayed by at least 15 minutes).

coolpad group ltd (2369) Snapshot

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52 Week High
06/29/15 - $3.28
52 Week Low
07/8/15 - $1.08
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Current Stock Chart for COOLPAD GROUP LTD (2369)

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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 organizations, 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.

5,903 Employees
Last Reported Date: 09/7/15
Founded in 1993

coolpad group ltd (2369) Top Compensated Officers

Chairman, Chief Executive Officer and Chairma...
Total Annual Compensation: $6.7M
Vice Chairman, Chief Financial Officer, Vice ...
Total Annual Compensation: $3.7M
Deputy General Manager of Business Strategy &...
Total Annual Compensation: $2.7M
Deputy General Manager of Sales and Executive...
Total Annual Compensation: $2.9M
Compensation as of Fiscal Year 2014.

coolpad group ltd (2369) Key Developments

Qihoo 360 Technology Signs on Agreement with Coolpad Group to Increase Stake in Coolpad E-Commerce, Joint Venture

Qihoo 360 Technology sealed an agreement with Coolpad Group to increase its stake in Coolpad E-Commerce, a joint venture formed by the two companies in December, to focus on mobile terminal products. Under the terms of the agreement, the joint venture will redeem a portion of shares held by Coolpad as the joint venture transfers back to Coolpad several Internet operating assets tied to Coolpad branded smart phones which Coolpad previously contributed to the joint venture. As a result, Qihoo's stake in the joint venture will rise to 75% from 49.5% while Coolpad's stake will be reduced to 25% from 50.5%. In connection with the new agreement, Qihoo agreed not to pursue a put option exercised on Sept. 2 that would require Coolpad to acquire Qihoo's 49.5% stake in the joint venture.

Coolpad Group Limited Reports Unaudited Consolidated Earnings Results for the Six Months Ended June 30, 2015

Coolpad Group Limited reported unaudited consolidated earnings results for the six months ended June 30, 2015. For the six months, the company reported revenue of HKD 8,782,787,000 compared to HKD 14,934,734,000 reported a year ago. Profit before tax was HKD 2,869,783,000 compared to HKD 482,734,000 reported a year ago. Profit attributable to owners of the company was HKD 2,842,841,000 or 64.50 cents per diluted share compared to HKD 412,862,000 or 9.46 cents per diluted share reported a year ago. The decline in revenue during the reporting period was mostly because of the restructuring of the group's business units and the intensifying competition in the smartphone market in Mainland China during the first half of 2015. The increase in net profit was mostly because of the gain arising from the disposal of certain interests in a subsidiary of the Group. The decrease in operating profit was mainly attributable to the restructuring of the Group's business units and the intensifying competition in the smartphone market.

Coolpad Group Limited Announces Board Changes

The board of directors of Coolpad Group Limited announced that Mr. Jia Yueting and Mr. Liu Hong have been appointed as executive directors with effect from 17 August 2015. Mr. JIA Yueting, aged 42. Mr. Jia obtained his MBA degree from Shanxi University in September 2001. From September 1995 to July 1996, Mr. Jia worked as a network administrator at Yuanqu County Local Taxation Bureau in Shanxi Province. From 1996 to 2002, he worked as the general manager of Shanxi Yuanqu Zhuoyue Industry Co. Ltd. Mr. Jia founded Shanxi XBELL Communication Technology Co. Ltd. in 2002. Mr. LIU Hong, aged 42. Mr. Liu graduated from Beijing Broadcasting Institute in 1997 with a double degree and he is a postgraduate student pursuing his master degree. He is also a veteran reporter. From 1997 to 2004, he worked as a reporter at China Radio International. He was included among the 100 top journalists in 1998 by the Publicity Department of the CPC Central Committee for his efforts in reporting flood disaster relief actions in China.


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