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Last $0.27 HKD
Change Today +0.015 / 5.88%
Volume 1.9M
As of 3:01 AM 03/6/15 All times are local (Market data is delayed by at least 15 minutes).

china qinfa group ltd (866) Snapshot

Previous Close
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52 Week High
03/7/14 - $0.55
52 Week Low
02/11/15 - $0.24
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Current Stock Chart for CHINA QINFA GROUP LTD (866)

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china qinfa group ltd (866) Details

China Qinfa Group Limited, an investment holding company, is engaged in the mining, purchase and sale, filtering, storage, blending, shipping, and transportation of coal in the People’s Republic of China. The company is also involved in goods transportation and logistics, charter hire, and port businesses. Its fleet includes 4 Panamax and 1 PRC inland vessel with an aggregate capacity of approximately 280,000 DWT serving inbound and outbound routes. The company was founded in 1996 and is headquartered in Guangzhou, the People’s Republic of China. China Qinfa Group Limited is a subsidiary of Fortune Pearl International Limited.

1,595 Employees
Last Reported Date: 09/29/14
Founded in 1996

china qinfa group ltd (866) Top Compensated Officers

Chief Executive Officer, Executive Director, ...
Total Annual Compensation: CNY1.5M
Executive Chairman
Total Annual Compensation: CNY2.4M
Vice President and Executive Director
Total Annual Compensation: CNY1.2M
Compensation as of Fiscal Year 2013.

china qinfa group ltd (866) Key Developments

China Qinfa Group Limited Provides Earnings Guidance for the Year Ended December 31, 2014

China Qinfa Group Limited provided earnings guidance for the year ended December 31, 2014. The group expects that the revenue may significantly decrease and the loss attributable to equity holders of the company for the year ended 31 December 2014 may be significantly higher than that for the year ended 31 December 2013. Based on the relevant information currently available to the company, the Board considers that the decrease in revenue and corresponding increase in loss are primarily attributable to the continuing downturn of coal market, substantial decline in the price of coal and the decrease in the average selling price of coal of the Group caused by various factors such as slowdown in the macroeconomic growth and sluggish demand growth from downstream industries.

China Qinfa Group Appoints Fung Wai Shing as Chief Financial Officer

China Qinfa Group appointed Fung Wai Shing as Chief Financial Officer. The effective date is October 22, 2014.

China Qinfa Group Limited Announces Board Changes, Effective from October 9, 2014

The board of directors of China Qinfa Group Limited announced that Ms. LIU Xiaomei has tendered her resignation as an executive director of the company due to personal reason with effect from 9 October 2014. Ms. LIU confirmed that she has no disagreement with the Board and there are no other matters relating to her resignation that need to be brought to the attention of the shareholders of the company. The Board also announced the appointment of Mr. XU Da, Mr. MA Baofeng and Mr. BAI Tao as executive directors of the company with effect from 9 October 2014. Mr. XU is currently a vice president and the director of procurement of the company and its subsidiaries. Mr. XU has more than 5 years of working experience in thermal coal procurement operation from overseas. He joined the Group as import and export manager in 2009. Mr. MA is currently a vice president of the Group and the chairman of Shanxi Huameiao Energy Group Company Limited, a non-wholly owned subsidiary of the company.


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