May 23, 2018 1:33 AM ET

Metals and Mining

Company Overview of Add New Energy Investment Holdings Group Limited

Company Overview

Add New Energy Investment Holdings Group Limited, an investment holding company, engages in the exploration, mining, and processing of iron and ilmenite ores in the People's Republic of China. The company primarily produces and sells iron and titanium concentrates to iron pellets and steel producers. Its mines include Yangzhuang Iron Mine, Zhuge Shangyu Ilmenite Mine, Qinjiazhuang Ilmenite, Luxing Titanium Mine, and Gaozhuang Shangyu Ilmenite. The company also owns a granted exploration license located in Western Australia. In addition, it is involved in the trading of coarse iron powder. The company was formerly known as China Zhongsheng Resources Holdings Limited and changed its name to Ad...

Tower 6, The Gateway

31st Floor, Suite 3105

Harbour City

9 Canton Road

Tsim Sha Tsui,  

Hong Kong

Founded in 2011

132 Employees

Phone:

852 2175 3126

Key Executives for Add New Energy Investment Holdings Group Limited

Chief Executive Officer and Executive Director
Age: 47
Total Annual Compensation: CNY513.0K
Executive Chairman of the Board
Age: 50
Total Annual Compensation: CNY864.0K
Executive Director
Age: 58
Total Annual Compensation: CNY282.0K
Compensation as of Fiscal Year 2016.

Add New Energy Investment Holdings Group Limited Key Developments

Add New Energy Investment Holdings Group Limited Reports Audited Consolidated Earnings Results for the Year Ended December 31, 2017

Add New Energy Investment Holdings Group Limited reported audited consolidated earnings results for the year ended December 31, 2017. For the period, the company reported revenue of RMB 30,306,000 compared to RMB 57,278,000 a year ago. Operating loss was RMB 78,266,000 compared to RMB 73,676,000 a year ago. Loss before income tax was RMB 85,646,000 compared to RMB 96,230,000 a year ago. Loss from continuing operations was RMB 86,011,000 compared to RMB 105,578,000 a year ago. Loss for the year was RMB 141,597,000 compared to RMB 118,055,000 a year ago. Loss for the year attributable to owners of the company was RMB 139,633,000 compared to RMB 117,240,000 a year ago. Basic and diluted loss per share attributable to owners of the company was RMB 0.03 compared to RMB 0.03 a year ago. Basic and diluted loss per share from continuing operations attributable to owners of the company was RMB 0.02 compared to RMB 0.03 a year ago. The decrease in revenue was primarily due to the decrease in turnover by approximately RMB 22.5 million from trading of coarse iron powder and the decrease in sales of titanium concentrates produced from ilmenite ore of Zhuge Shangyu Ilmenite Mine by approximately RMB 5.9 million, which was offset by the increase in sales of iron concentrates produced from Yangzhuang Iron Mine by approximately RMB 4.60 million for the year ended 31 December 2017.

Add New Energy Investment Holdings Group Limited to Report Fiscal Year 2017 Results on Mar 28, 2018

Add New Energy Investment Holdings Group Limited announced that they will report fiscal year 2017 results on Mar 28, 2018

Add New Energy Investment Holdings Group Limited, Board Meeting, Mar 28, 2018

Add New Energy Investment Holdings Group Limited, Board Meeting, Mar 28, 2018. Agenda: To consider and approve, among others, the audited annual results of the company and its subsidiaries for the year ended 31 December 2017; and to consider the recommendation of payment of a final dividend (if any).

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