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Last $0.80 HKD
Change Today +0.01 / 1.27%
Volume 3.4M
As of 4:01 AM 05/22/15 All times are local (Market data is delayed by at least 15 minutes).

china vanadium titano - magn (893) Snapshot

Open
$0.79
Previous Close
$0.79
Day High
$0.81
Day Low
$0.79
52 Week High
08/5/14 - $1.00
52 Week Low
04/2/15 - $0.64
Market Cap
1.7B
Average Volume 10 Days
2.2M
EPS TTM
$-0.18
Shares Outstanding
2.1B
EX-Date
05/14/15
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for CHINA VANADIUM TITANO - MAGN (893)

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china vanadium titano - magn (893) Details

China Vanadium Titano-Magnetite Mining Company Limited, an investment holding company, engages in the mining, ore processing, iron pelletizing, and sale of iron concentrates, iron pellets, and titanium concentrates in the People’s Republic of China. The company owns four vanadium-bearing titano-magnetite mines, including the Baicao, Xiushuihe, Yangqueqing, and Cizhuqing mines, as well as one ordinary iron ore mine, the Maoling-Yanglongshan mine located in Sichuan province. It primarily serves steel producers and downstream users of titanium-related products. The company is based in Central, Hong Kong.

1,864 Employees
Last Reported Date: 04/13/15

china vanadium titano - magn (893) Top Compensated Officers

Chairman, Acting Chief Executive Officer, Cha...
Total Annual Compensation: CNY391.0K
Compensation as of Fiscal Year 2013.

china vanadium titano - magn (893) Key Developments

China Vanadium Titano-Magnetite Mining Company Limited Announces Management Changes

The board of directors of China Vanadium Titano-Magnetite Mining Company Limited announced changes in the directors and chief executive officer, resignation of chief financial officer and appointment of financial controller of the company, effect from May 15, 2015. Mr. Tang Wei resigned as an executive director and the chief executive officer of the company due to Mr. Tang's desire to devote more time to his personal endeavours. Mr. Roy Kong Chi Mo resigned as an executive director and the chief financial officer of the company due to Mr. Kong's desire to devote more time to his personal endeavours. Mr. Teo Cheng Kwee resigned as a non-executive director due to Mr. Teo's desire to devote more time to his personal endeavours. Mr. Zheng Zhiquan was appointed as an executive director and the financial controller of the company. Mr. Zheng, aged 50, joined the group in February 2015 as the deputy head of funds department. Mr. Zheng has nearly 30 years of experience in financial management and had organized and involved in corporate finance project management including foreign investment, overseas initial public offering projects and corporate reorganizations. Prior to joining the group, Mr. Zheng was the chief financial officer and deputy general manager of Sichuan Huiyuan Steel Construction Science & Technology Stock Co. Ltd. and also acted as the financial controller of Xibu Huiyuan Steel Construction Science & Technology Co. Ltd. Mr. Jiang Zhong Ping, an executive Director and the chairman of the company, was appointed as the acting chief executive officer to assume Mr. Tang's responsibilities.

China Vanadium Titano-Magnetite Mining Company Limited Announces Not to Recommend Final Dividend for the Year Ended December 31, 2014; Announces Audited Consolidated Earnings Results for the Year Ended December 31, 2014

The Board of China Vanadium Titano-Magnetite Mining Company Limited does not recommend the payment of a final dividend for the year ended December 31, 2014 against HKD 0.022 per share paid a year ago. The company announced audited consolidated earnings results for the year ended December 31, 2014. For the year, the company reported revenue of RMB 649,094,000 against RMB 1,429,875,000 a year ago. Loss before tax was RMB 500,577,000 against profit before tax of RMB 266,176,000 a year ago. Loss attributable to owners of the company was RMB 366,381,000 or RMB 0.18 per basic and diluted share against profit attributable to owners of the company of RMB 179,135,000 or RMB 0.09 per basic and diluted share a year ago. During the year, the group's revenue decreased of 54.6% as compared to the corresponding period in 2013. Such decrease was due to the significant decrease in sales volume and average selling prices of the group's products. The group's net cash flows from operating activities were approximately RMB 15.5 million for the year ended 31 December 2013 and the net cash flows used in operating activities were approximately RMB 764.5 million for the year. It primarily included the loss before tax of approximately RMB 500.6 million; the increase in trade and bills receivables of approximately RMB 230.1 million which was mainly due to the extension of credit terms; and the decrease in trade and bills payables of approximately RMB 643.0 million due to less procurement of raw materials and settlement to major suppliers. The group's total capital expenditure increased by RMB 367.7 million from approximately RMB 228.2 million for the year ended 31 December 2013 to approximately RMB 595.9 million for the year. The capital expenditure consisted of payment in advance of RMB 354.0 million and RMB 79.0 million in respect of the acquisition of 51% equity interest in Sichuan Haoyuan and 100% equity interest in Panzhihua Yixingda, respectively; the stripping costs classified as stripping activity assets of approximately RMB 78.5 million; the construction of vanadium-bearing iron concentrates production line at the Xiushuihe Mine of approximately RMB 59.5 million; and the development of the construction of miscellaneous projects and acquisition of machinery equipment of approximately RMB 24.9 million.

China Vanadium Titano-Magnetite Mining Company Limited, Annual General Meeting, May 15, 2015

China Vanadium Titano-Magnetite Mining Company Limited, Annual General Meeting, May 15, 2015., at 09:30 China Standard Time. Location: Park Lane Room V, 27/F, The Park Lane Hong Kong. Agenda: To consider and adopt the audited financial statements of the company and its subsidiaries for the year ended 31 December 2014, Directors' Report and Independent Auditors' Report; to re-elect Directors; to authorize the board of Directors to fix the Directors' remuneration for the year ending 31 December 2015; to re-appoint Ernst & Young as the auditors and to authorize the Board to fix their remuneration; to grant a general mandate to the Board to allot, issue and deal with the company's additional shares as set out in resolution no. 5 of the notice convening the Meeting; to grant a general mandate to the Board to repurchase the Company's shares as set out in resolution no. 6 of the Notice; and to extend the general mandate to the Board to allot, issue and deal with such number of additional shares as may be repurchased by the company as set out in resolution no. 7 of the Notice.

 

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893

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Valuation 893 Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 2.0x
Price/Book 0.4x
Price/Cash Flow NM Not Meaningful
TEV/Sales NM Not Meaningful
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