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Last $0.36 HKD
Change Today +0.005 / 1.41%
Volume 478.0K
3398 On Other Exchanges
Symbol
Exchange
Hong Kong
As of 4:01 AM 03/30/15 All times are local (Market data is delayed by at least 15 minutes).

china ting group hldgs ltd (3398) Snapshot

Open
$0.36
Previous Close
$0.36
Day High
$0.37
Day Low
$0.35
52 Week High
03/31/14 - $0.57
52 Week Low
01/16/15 - $0.32
Market Cap
755.9M
Average Volume 10 Days
1.9M
EPS TTM
$-0.13
Shares Outstanding
2.1B
EX-Date
05/28/15
P/E TM
--
Dividend
--
Dividend Yield
11.00%
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, is engaged in the manufacture, retail, and export of garments in North America, the European Union, Mainland China, Hong Kong, and internationally. It manufactures and sells garments on an OEM basis; and manufactures and retails branded fashion apparel. The company 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, and spun silk fabrics. In addition, it engaged in the property development activities. The company retails its products under the FINITY, ELANIE, and RIVERSTONE brand names, as well as MAX STUDIO licensed brand name. It operates approximately 500 retail stores. China Ting Group Holdings Limited was founded in 1992 and is headquartered in Kwun Tong, Hong Kong.

9,000 Employees
Last Reported Date: 03/26/15
Founded in 1992

china ting group hldgs ltd (3398) Top Compensated Officers

Chief Executive Officer, Executive Director, ...
Total Annual Compensation: $3.8M
Executive Chairman
Total Annual Compensation: $4.0M
Executive Director
Total Annual Compensation: $2.6M
Executive Director, Managing Director of Conc...
Total Annual Compensation: $2.8M
Compensation as of Fiscal Year 2013.

china ting group hldgs ltd (3398) Key Developments

China Ting Group Holdings Limited Announces Consolidated Earnings Results for the Year Ended December 31, 2014

China Ting Group Holdings Limited announced consolidated earnings results for the year ended December 31, 2014. For the year, the company announced revenue of HKD 2,539,001,000 compared to HKD 2,406,843,000 for the same period a year ago. Operating loss was HKD 139,155,000 compared to operating profit of HKD 171,331,000 for the same period a year ago. Loss before income tax was HKD 246,924,000 compared to profit before tax of HKD 205,415,000 for the same period a year ago. Loss for the year was HKD 289,291,000 compared to profit for the year of HKD 150,491,000 for the same period a year ago. Loss attributable to equity holders of the company was HKD 280,928,000 or 13.38 cents per basic and diluted share compared to profit attributable to equity holders of the company of HKD 151,217,000 or 7.20 cents per basic and diluted share for the same period a year ago.

China Ting Group Holdings Limited Revises Earnings Guidance for the Year Ended December 31, 2014

China Ting Group Holdings Limited revised earnings guidance for the year ended December 31, 2014. The Board refers to the announcement of the Company dated December 15, 2014, in the profit warning announcement, the Directors expected that the loss before tax of the Group for the year ended December 31, 2014 would not be more than HKD 193.0 million. Based on the latest information available to the Group, the Directors confirm that the loss before the tax of the Group for the year ended December 31, 2014 will increase from HKD 193.0 million to HKD 246.9 million. The increase in the loss before tax of the Group in 2014 by HKD 53.9 million is primarily due to the additional factors of re-classification of the Group's equity investment in Zhejiang Haoran Property Company Limited as a result of the fact that the Group's representatives have been removed as directors of Zhejiang Haoran since July 2014. The Group was first aware of the accounting implications of such removal around the middle of March 2015 in preparing the final results of the Group for the year ended December 31, 2014. In addition, the appraised value of the collaterals for the two entrusted loans referred to in the Profit Warning Announcement was less than the aggregate amount due from the debtors under the two entrusted loans. As a result, the Group would need to make provision for bad and doubtful debt for HKD 17.7 million in respect of the total amount due under the two entrusted loans of RMB 160.0 million (equivalent to HKD 199.9 million) as of the date of this announcement. Increase in the estimated amount of operating profit for the two months ended December 31, 2014 as a result of the decreased amount for the provision of slow-moving inventories and the better-than-expected performance for the two months.

China Ting Group Holdings Limited to Report Fiscal Year 2014 Results on Mar 26, 2015

China Ting Group Holdings Limited announced that they will report fiscal year 2014 results on Mar 26, 2015

 

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