Last $0.01 SGD
Change Today +0.001 / 8.33%
Volume 293.0K
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Singapore
Stuttgart
As of 4:04 AM 01/27/15 All times are local (Market data is delayed by at least 15 minutes).

qingmei group holdings ltd (QMEI) Snapshot

Open
$0.01
Previous Close
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Day High
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Day Low
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52 Week High
01/27/14 - $0.03
52 Week Low
10/20/14 - $0.01
Market Cap
8.8M
Average Volume 10 Days
108.6K
EPS TTM
$-0.41
Shares Outstanding
679.8M
EX-Date
11/3/11
P/E TM
--
Dividend
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Dividend Yield
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Current Stock Chart for QINGMEI GROUP HOLDINGS LTD (QMEI)

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qingmei group holdings ltd (QMEI) Details

Qingmei Group Holdings Limited, an investment holding company, engages in the design and manufacturing of mid-end and high-end sports shoe soles in the People’s Republic of China. The company offers its products under the names of MD II, MD I, and RB, which are used in the manufacture of shoes for athletic, sporting, and physical activities, such as running, tennis, basketball, climbing, cross-training, and casual-wear sports. Qingmei Group Holdings Limited supplies its products to domestic shoe manufacturing brands, which include Double Star, Jin Shu Wang, Kang Ta, Qiao Dan, K-Bird, 361°, and Xtep. The company was incorporated in 2009 and is headquartered in Jinjiang, the People’s Republic of China.

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qingmei group holdings ltd (QMEI) Key Developments

Qingmei Group Holdings Limited Reports Unaudited Group Earnings Results for the First Quarter Ended September 30, 2014

Qingmei Group Holdings Limited reported unaudited group earnings results for the first quarter ended September 30, 2014. For the quarter, the company reported revenue of RMB 81,594,000 compared to RMB 38,611,000 a year ago. This increase was mainly due to the increase in sales quantity from 2.5 million pairs to 5.9 million pairs. Loss before income tax was RMB 39,992,000 compared to RMB 25,366,000 a year ago. Loss for the period attributable to the owners of the company was RMB 39,992,000 compared to RMB 25,366,000 a year ago. Basic and diluted loss per share attributable to the owners of the company during the period was 5.9 cents compared to 3.7 cents a year ago. Net cash used in operating activities was RMB 69,805,000 compared to RMB 24,237,000 a year ago. Payment for purchases of property, plant and equipment was RMB 24,504,000 compared to RMB 4,800,000 a year ago.

Qingmei Group Holdings Limited, Annual General Meeting, Oct 31, 2014

Qingmei Group Holdings Limited, Annual General Meeting, Oct 31, 2014., at 16:00 Singapore Standard Time. Location: Octagon Function Room, Level 1 of the Golf Club House. Agenda: To receive and adopt the Directors' Report and the Audited Financial Statements of the company for the financial year ended 30 June 2014 together with the Auditors' Report thereon; to re-elect Mr. Su Shubiao and Tan Siok Sing, Directors retiring by rotation; to approve the payment of SGD 160,000 as Directors' Fees for the financial year ending 30 June 2015, to be paid quarterly in arrears; to re-appoint Messrs BDO Limited, Certified Public Accountants, Hong Kong and BDO LLP as Auditors of the company to act jointly and severally for the ensuing year and to authorise the Directors to fix their remuneration; to allot and issue shares in the capital of the company; to consider Qingmei employee share option scheme; to consider renewal of share purchase mandate; and to transact any other ordinary business which may properly be transacted at an Annual General Meeting.

Qingmei Group Holdings Limited Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended June 30, 2014; Reports Impairment Charges

Qingmei Group Holdings Limited announced unaudited consolidated earnings results for the fourth quarter and full year ended June 30, 2014. For the quarter, the company reported revenue of RMB 81,875,000 against RMB 35,864,000 a year ago. Loss before income tax was RMB 190,589,000 against RMB 21,821,000 a year ago. Loss for the period attributable to the owners of the company was RMB 186,906,000 against RMB 22,071,000 a year ago. Loss per diluted and basic share for loss attributable to the owners of the company during the period was 27.5 cents against 3.2 cents a year ago. Net cash used in operating activities was RMB 66,478,000 against RMB 14,023,000 a year ago. Payment for purchases of property, plant and equipment was RMB 38,038,000 against RMB 12,745,000 a year ago. For the full year, the company reported revenue of RMB 258,282,000 against RMB 164,599,000 a year ago. Loss before income tax was RMB 269,024,000 against RMB 117,333,000 a year ago. Loss for the period attributable to the owners of the company was RMB 265,341,000 against RMB 117,583,000 a year ago. Loss per diluted and basic share for loss attributable to the owners of the company during the period was 39 cents against 17.3 cents a year ago. Net cash used in operating activities was RMB 167,334,000 against RMB 54,988,000 a year ago. Payment for purchases of property, plant and equipment was RMB 58,148,000 against RMB 21,495,000 a year ago. Net asset value per share was RMB 1.07 as at June 30, 2014 against RMB 1.46 as at June 30, 2014. The increase in revenue was mainly due to the increase in sales quantity of 81.4% to 17.9 million pairs of shoe soles. For the quarter, the company reported impairment losses on non-current assets of RMB 106,870,000.

 

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