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Last $0.36 HKD
Change Today +0.015 / 4.35%
Volume 1.2M
893 On Other Exchanges
Symbol
Exchange
Berlin
Hong Kong
OTC US
OTC US
As of 4:01 AM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

china vanadium titano - magn (893) Snapshot

Open
$0.35
Previous Close
$0.35
Day High
$0.38
Day Low
$0.35
52 Week High
09/4/14 - $0.92
52 Week Low
08/25/15 - $0.33
Market Cap
747.0M
Average Volume 10 Days
1.2M
EPS TTM
$-0.54
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: CNY148.0K
Compensation as of Fiscal Year 2014.

china vanadium titano - magn (893) Key Developments

China Vanadium Titano-Magnetite Mining Company Limited Reports Unaudited Consolidated Earnings Results for the Six Months Ended June 30, 2015

China Vanadium Titano-Magnetite Mining Company Limited reported unaudited consolidated earnings results for the six months ended June 30, 2015. For the period, the company reported revenue of RMB 151.496 million against RMB 383.921 million a year ago. Loss before tax was RMB 777.331 million against RMB 222.822 million a year ago. Loss and total comprehensive loss for the period attributable to owners of the company was RMB 865.482 million or RMB 0.42 per basic and diluted share against RMB 128.971 million or RMB 0.06 per basic and diluted share a year ago. The decrease in revenue was due to the significant decrease in sales volume and average selling prices of the group's products. The revenue also included the sale of ordinary iron concentrates to an independent third party of approximately RMB 66.1 million for trading purpose. Net cash flows used in operating activities were RMB 29.251 million against RMB 621.461 million a year ago. It primarily included the loss before tax of approximately RMB 777.3 million which was partially offset by impairment losses on goodwill, property, plant and equipment, intangible assets, assets held for sale and trade receivables in aggregate of approximately RMB 438.4 million; prepaid technical service fee written off of approximately RMB 39.3 million; fair value loss on changes in fair value arising from the Exchangeable Notes of approximately RMB 59.9 million and depreciation and amortisation in aggregate of approximately RMB 70.9 million. Total capital expenditure decreased by RMB 13.2 million from approximately RMB 136.1 million for the six months ended 30 June 2014 to approximately RMB 122.9 million during the reporting period. The capital expenditure of approximately RMB 122.9 million for the reporting period primarily consisted of construction of tailing storage facilities of approximately RMB 55.0 million; technical improvement on the processing line for vanadium-bearing iron concentrates in the Xiushuihe Processing Plant of approximately RMB 58.0 million and stripping activity assets at the Baicao Mine of approximately RMB 4.4 million.

China Vanadium Titano-Magnetite Mining Company Limited Provides Earnings Guidance for the Six Months Ended 30 June 2015

China Vanadium Titano-Magnetite Mining Company Limited provided earnings guidance for the six months ended 30 June 2015. The company expects to record a net loss of approximately RMB 920.0 million for the six months ended 30 June 2015 based on the initial assessment of the group's unaudited management accounts, which is significantly higher compared to the net loss of approximately RMB 129.0 million for the corresponding six months ended 30 June 2014. Net loss of the company for the six months ended 30 June 2015 will be higher.

China Vanadium Titano-Magnetite Mining Company Limited to Report First Half, 2015 Results on Aug 24, 2015

China Vanadium Titano-Magnetite Mining Company Limited announced that they will report first half, 2015 results on Aug 24, 2015

 

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Industry Analysis

893

Industry Average

Valuation 893 Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 1.4x
Price/Book 0.2x
Price/Cash Flow NM Not Meaningful
TEV/Sales NM Not Meaningful
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