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Last $0.02 SGD
Change Today 0.00 / 0.00%
Volume 150.0K
ACE On Other Exchanges
As of 12:19 AM 05/22/15 All times are local (Market data is delayed by at least 15 minutes).

ace achieve infocom ltd (ACE) Snapshot

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07/7/14 - $0.04
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Current Stock Chart for ACE ACHIEVE INFOCOM LTD (ACE)

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ace achieve infocom ltd (ACE) Details

Ace Achieve Infocom Limited, an investment holding company, operates as a telecom network infrastructure, and information and communication technologies solution provider for telecommunication operators in the People’s Republic of China. The company operates in five segments: Telecom Application Solutions, Wireless Coverage Solutions, Operation and Business Support Solutions, Broadband Data Solutions, and Proprietary Information Security Platform. The Telecom Application Solutions segment provides value added services, such as multimedia mobile news, short messaging service and multimedia messaging service management platform, and ringtone/music management platform. The Wireless Coverage Solutions segment offers telecom network infrastructure solutions. The Operation and Business Support Solutions segment is involved in the provision of back-end business support systems, such as e-billing, as well as infrastructure maintenance and upgrading works, including cloud-based server upgrade. The Broadband Data Solutions segment develops customized mobile application, such as 3D store marketing application. The Proprietary Information Security Platform segment is involved in the customization of IT-based productivity solutions, including sales management platform for small-medium enterprises. The company was founded in 2000 and is headquartered in Beijing, the People’s Republic of China.

Founded in 2000

ace achieve infocom ltd (ACE) Top Compensated Officers

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Executives, Board Directors

ace achieve infocom ltd (ACE) Key Developments

Ace Achieve Infocom Limited Announces Unaudited Group Results for Six Months Ended October 31, 2014

Ace Achieve Infocom Limited announced unaudited group results for six months ended October 31, 2014. For the period, the group's revenue increased by approximately 15.77% from RMB 104.84 million in the six months period ended October 31, 2013 to RMB 121.38 million in the six months period ended October 31, 2014. The increase in revenue from the three business segments, Operation and business support solutions, Proprietary information security platform and Wireless coverage solutions have more than offset the decrease in revenue in Broadband data solutions and Telecom application solutions. This is a result of change of group's strategy and market conditions. Profit before income tax was RMB 18,287,000 against RMB 18,117,000 a year ago. Net profit attributable to equity holders of the company was RMB 15,641,000 or RMB 0.021 per share against RMB 15,480,000 RMB 0.024 per share a year ago. Net cash generated from operating activities were RMB 27.42 million compared with net cash used in operation activities of RMB 6.90 million in the last corresponding period. The net cash inflow was mainly due to completion of projects which was being offset against the slower collections from trade receivables. Additions of plant and equipment amounted to RMB 276,000 against RMB 140,000 a year ago. Additions of intangible assets amounted to RMB 1,661,000 against RMB 1,549,000 a year ago.

Ace Achieve Infocom Limited Appoints Kang Junen as Independent Director

Ace Achieve Infocom Limited announced the appointment of Kang Junen as Independent Director. The appointment was effective on September 19, 2014. The Board of Directors has accepted the recommendation of the Nominating Committee and approved Mr. Kang Junen's appointment.

Ace Achieve Infocom Limited Appoints Chung Tang Fong as Independent Director

Ace Achieve Infocom Limited announced the appointment of Chung Tang Fong as Independent Director. The appointment was effective on September 19, 2014.


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Price/Cash Flow 2.9x
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