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Last $0.76 HKD
Change Today +0.01 / 1.33%
Volume 1.9M
3398 On Other Exchanges
Symbol
Exchange
Hong Kong
As of 4:01 AM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

china ting group hldgs ltd (3398) Snapshot

Open
$0.76
Previous Close
$0.75
Day High
$0.80
Day Low
$0.75
52 Week High
07/29/15 - $1.07
52 Week Low
01/16/15 - $0.32
Market Cap
1.6B
Average Volume 10 Days
2.0M
EPS TTM
$-0.15
Shares Outstanding
2.1B
EX-Date
05/28/15
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for CHINA TING GROUP HLDGS LTD (3398)

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china ting group hldgs ltd (3398) Details

China Ting Group Holdings Limited, an investment holding company, engages in the manufacture, retail, and export of garments in North America, the European Union, Mainland China, Hong Kong, and internationally. It operates through three segments: OEM, Retail, and Property Development. The company manufactures and sells garments on an OEM basis; and manufactures and retails branded fashion apparel products. It is also involved in the manufacture of wool textile and knitwear; printing and dyeing of silk and other fabrics; and weaving of jacquard and velvet fabrics, silk fabrics, home textile products, and spun silk fabrics. In addition, the company engages in the development and holding of properties; and trading of garment products. It retails its products under the FINITY, ELANIE RIESE, and RIVERSTONE brand names. China Ting Group Holdings Limited operates approximately 500 retail stores. The company was founded in 1992 and is headquartered in Kwun Tong, Hong Kong.

9,500 Employees
Last Reported Date: 08/27/15
Founded in 1992

china ting group hldgs ltd (3398) Top Compensated Officers

Chief Executive Officer, Executive Director, ...
Total Annual Compensation: $3.0M
Executive Chairman
Total Annual Compensation: $3.0M
Executive Director
Total Annual Compensation: $2.1M
Managing Director of Concept Creator Fashion ...
Total Annual Compensation: $1.4M
Compensation as of Fiscal Year 2014.

china ting group hldgs ltd (3398) Key Developments

China Ting Group Holdings Limited Announces Unaudited Consolidated Earnings Results for the Six Months Ended June 30, 2015

China Ting Group Holdings Limited announced unaudited consolidated earnings results for the six months ended June 30, 2015. For the period, the company reported revenue of HKD 1,256,708,000 compared to HKD 1,327,149,000 a year ago. Operating profit was HKD 29,332,000 compared to HKD 44,761,000 a year ago. Profit before income tax was HKD 30,675,000 compared to HKD 57,019,000 a year ago. Profit attributable to equity holders of the company was HKD 5,606,000 or 0.27 cents per basic and diluted share compared to HKD 36,034,000 or 1.72 cents per basic and diluted share a year ago. The decrease in the profitability of the Group was primarily a result of the following factors: Additional impairment of loan to Hangzhou China Ting Property Development Company Limited (Hangzhou China Ting Property), an associate of the company, of approximately HKD 20.6 million being charged to the profit and loss of the group because of the sluggish residential property condition in Hangzhou, the People's Republic of China. Additional impairment amount of approximately was HKD 20.2 million being charged to the profit and loss of the Group representing the difference between the investment cost and the fair value of the equity investment in Zhejiang Haoran Property Company Limited (Zhejiang Haoran). Additional impairment loss was HKD 35.0 million being charged to the profit and loss of the Group for the goodwill arising from the acquisition of Interfield Industrial Limited (Interfield) in 2008. Interfield is engaged in the fabric printing and dyeing business. The group entered into certain foreign exchange contracts (between USD and RMB) during the year of 2014 and 2015 as part of the measures to mitigate the foreign exchange risk arising from the OEM trading business of the Group. A fair value gain on derivative financial instruments of HKD 25.0 million in 2015 (2014: Loss of HKD 32.3 million).

China Ting Group Holdings Limited Provides Earnings Guidance for the Six Months Ended 30 June 2015

China Ting Group Holdings Limited provided earnings guidance for the six months ended 30 June 2015. The company announced that the operating profit of the group for the six months ended 30 June 2015 would decrease by approximately 34.5% compared with the operating profit of the Group of HKD 44.8 million for the six months ended 30 June 2014. The decrease in the profitability of the Group was primarily a result of the following factors: Additional impairment of loan to Hangzhou China Ting Property Development Company Limited, an associate of the Company, of not more than HKD 20.6 million to be charged to the profit and loss of the Group because of the sluggish residential property condition in Hangzhou, the People's Republic of China. Additional impairment amount of approximately HKD 20.2 million to be charged to the profit and loss of the Group representing the difference between the investment cost and the fair value of the equity investment in Zhejiang Haoran Property Company Limited, further information on which is set forth in the announcement of the Company dated 25 March 2015. Additional impairment loss of not more than HKD 35.0 million to be charged to the profit and loss of the Group for the goodwill arising from the acquisition of Interfield Industrial Limited in 2008. Interfield Industrial Limited is carrying on fabric printing and dyeing business.

China Ting Group Holdings Limited to Report First Half, 2015 Results on Aug 27, 2015

China Ting Group Holdings Limited announced that they will report first half, 2015 results on Aug 27, 2015

 

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