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Last $0.02 SGD
Change Today 0.00 / 0.00%
Volume 3.6M
As of 5:04 AM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

ace achieve infocom ltd (ACE) Snapshot

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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 (ICT) solution provider for telecommunication operators in the People’s Republic of China. It operates through three segments: ICT System Integration, Business Support Solutions, and Maintenance & Servicing. The company offers back-end business support systems, as well as infrastructure maintenance and upgrading works; maintenance services for servers and integrated systems; and other information technology and business management consultancy services. Ace Achieve Infocom Limited 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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ace achieve infocom ltd (ACE) Key Developments

Ace Achieve Infocom Limited, Annual General Meeting, Aug 28, 2015

Ace Achieve Infocom Limited, Annual General Meeting, Aug 28, 2015., at 10:00 Singapore Standard Time. Location: Galangal Room, Level 4. Agenda: To receive and adopt the directors' report and audited financial statements for the financial year ended 30 April 2015 together with the auditors' report thereon; to approve the payment of directors' fees; to re-elect Mr. Deng Zelin; to re-elect directors of the company; to re-appoint Moore Stephens LLP as the company's auditors and to authorize the directors to fix their remuneration; to consider the authority to allot and issue shares; and to transact any other ordinary business which may properly be transacted at an annual general meeting.

Ace Achieve Infocom Limited Reports Unaudited Earnings Results for the Year Ended April 30, 2015

Ace Achieve Infocom Limited reported unaudited earnings results for the year ended April 30, 2015. For the year, the company reported revenue of RMB 235,295,000 against RMB 237,822,000 a year ago. Profit before income tax was RMB 15,167,000 against RMB 24,177,000 a year ago. Net profit for the financial year attributable to equity holders of the company was RMB 13,041,000 or RMB 0.017 per share against RMB 20,930,000 or RMB 0.030 per share a year ago. Net cash generated from operating activities was RMB 89,770,000 against net cash used in operating activities of RMB 82,074,000 a year ago. Additions of plant and equipment were RMB 340,000 against RMB 976,000 a year ago. Additions of intangible assets were RMB 2,773,000 against RMB 3,952,000 a year ago. The net cash outflow was mainly due to slower payment to the suppliers during the financial year.

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.


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