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Last $1.08 HKD
Change Today 0.00 / 0.00%
Volume 0.0
As of 4:01 AM 04/17/15 All times are local (Market data is delayed by at least 15 minutes).

china taifeng beddings holdi (873) Snapshot

Open
$1.08
Previous Close
$1.08
Day High
$1.08
Day Low
$1.08
52 Week High
07/7/14 - $1.69
52 Week Low
05/30/14 - $0.71
Market Cap
1.1B
Average Volume 10 Days
0.0
EPS TTM
$0.08
Shares Outstanding
1.0B
EX-Date
07/4/14
P/E TM
10.7x
Dividend
--
Dividend Yield
--
Current Stock Chart for CHINA TAIFENG BEDDINGS HOLDI (873)

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china taifeng beddings holdi (873) Details

China Taifeng Beddings Holdings Limited, an investment holding company, manufactures and distributes cotton yarns and bedding products. The company provides cotton yarns to textile manufacturers for the production of cotton textile used in garments and furnishings. It offers bedding products, including bed covers, flat sheets, pillow cases, bed sheets, and quilt covers, as well as combination sets of such bedding products. The company sells its bedding products directly or through distributors under the ‘Taifeng’ brand. As of December 31, 2013, the company operated approximately 1,225 stores and counters. It has operations primarily in the People’s Republic of China, the United States, Brazil, Hong Kong, Macau, and Europe. The company was formerly known as International Taifeng Holdings Limited and changed its name to China Taifeng Beddings Holdings Limited in January 2013. China Taifeng Beddings Holdings Limited was founded in 2001 and is headquartered in Laiwu, the People’s Republic of China.

5,152 Employees
Last Reported Date: 09/12/14
Founded in 2001

china taifeng beddings holdi (873) Top Compensated Officers

Chief Executive Officer and Executive Directo...
Total Annual Compensation: CNY814.0K
Chairman, Member of Nomination Committee and ...
Total Annual Compensation: CNY1.0M
Executive Director
Total Annual Compensation: CNY806.0K
Compensation as of Fiscal Year 2013.

china taifeng beddings holdi (873) Key Developments

China Taifeng Beddings Holdings Limited Announces Delay in Publication of 2014 Annual Results

China Taifeng Beddings Holdings Limited announced that the company is not able to publish the 2014 annual results on 31 March 2015 due to the fact that the auditors will not complete their audit of the company's financial statements in sufficient time. The company will actively promote the audit process. Upon the completion of the audit report, the company will announce its annual results for the year 2014 in due course.

China Taifeng Beddings Holdings Limited, Board Meeting, Mar 31, 2015

China Taifeng Beddings Holdings Limited, Board Meeting, Mar 31, 2015. Agenda: To consider and approve the audited consolidated annual results of the Company and its subsidiaries for the year ended 31 December 2014; and to consider the recommendation of a final dividend, if any.

China Taifeng Beddings Holdings Limited Provides Earnings Guidance for the Year Ending 31 December 2014

China Taifeng Beddings Holdings Limited board announced that based on the information currently available, it is expected that the Group will record a substantial net loss for the year ended 31 December 2014, as compared to the net profit of RMB 297 million for the year 2013. The loss was mainly due to: the significant decrease in the demand for and the average selling prices of the company's textile products in 2014 as compared to last year as a result of a combination of factors, including the challenges faced by the traditional sales channels of the home textile industry, the correction occuring within the industry which is relatively long-lasting and the decrease in demand as a result of decreased home sales; the rising production costs; and the possible one-off book loss incurred for the one-off large-scale channel restructuring plan contemplated by the Company. The amount of such loss might be as significant as between RMB 500 million and RMB 600 million, and is subject to the scale and schedule of the implementation of the Channel Restructuring Plan, which is intended to provide an effective solution to the long-standing problems faced by the traditional channels and assist distributors in clearing excess inventory; resuming a sound cash flow; and improving their financial positions.

 

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Industry Analysis

873

Industry Average

Valuation 873 Industry Range
Price/Earnings 10.8x
Price/Sales 0.6x
Price/Book 0.4x
Price/Cash Flow 10.8x
TEV/Sales NM Not Meaningful
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