December 22, 2014 10:24 AM ET

Machinery

Company Overview of China PowerPlus Limited

Company Overview

China Powerplus Limited, an investment holding company, develops, manufactures, and sells motorized and manual agricultural machineries primarily in the People's Republic of China. The company’s Agriculture and Forestry segment manufactures and sells hand-held agricultural equipment, including hand sprayers and mist-dusters. Its Garden and Lawn segment manufactures and sells hand-held garden and lawn equipment, such as brush cutters, hedge trimmers, blowers, chain saw lawn movers, etc. The company’s Other segment manufactures and sells gasoline engines, water pumps, tea pickers, rotating plough machines, and other equipment. It also exports its products to Bangladesh, Indonesia, South Korea,...

80 Robinson Road No. 02-00

Singapore,  068898

Singapore

Founded in 2002

Phone:

65 6266 3502

Fax:

65 6268 2447

Key Executives for China PowerPlus Limited

Founder
Age: 51
Group Finance Manager
Age: 34
General Manager of Operations
Chief Engineer
Company Secretary
Compensation as of Fiscal Year 2014.

China PowerPlus Limited Key Developments

China Powerplus Limited, Annual General Meeting, Apr 30, 2014

China Powerplus Limited, Annual General Meeting, Apr 30, 2014., at 10:00 Singapore Standard Time. Location: 130 Tuas South Avenue 2. Agenda: To receive and adopt the audited financial statements for the financial year ended 31 December 2013 together with the directors' report and auditors' report thereon; to approve directors' fees of SGD 119,500 for the financial year ended 31 December 2013; to re-elect Mr. Ong Su Aun Jeffrey as director; to re-elect Mr. Danny Oh Beng Teck as director; to re-elect Madam Guo Dianyan; to re-appoint Messrs RSM Chio Lim LLP, as auditors of the company and to authorize the directors to fix their remuneration; to transact any other ordinary business which may be properly transacted at an annual general meeting; and to consider authority to issue shares.

China Powerplus Limited Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2013; Reports Impairment Loss for the Fourth Quarter of 2013

China Powerplus Limited reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2013. For the quarter, the company reported revenue of RMB 59,782,000 against RMB 62,359,000 a year ago. Loss before income tax was RMB 41,318000 against RMB 39,218,000 a year ago. Loss, net of tax was RMB 48,411,000 or 11.4 cents per diluted share against RMB 52,151,000 or 12.3 cents per diluted share a year ago. Net cash flows from operating activities were RMB 1,119,000 against RMB 2,568,000 a year ago. Purchase of property, plant and equipment was RMB 1,551,000 against RMB 3,222,000 a year ago. For the year, the company reported revenue of RMB 334,970,000 against RMB 335,034,000 a year ago. Loss before income tax was RMB 69,970,000 against RMB 37,361,000 a year ago. Loss, net of tax was RMB 77,063,000 or 18.1 cents per diluted share against RMB 50,294,000 or 11.8 cents per diluted share a year ago. Net cash flows from operating activities were RMB 603,000 against net cash flows used in operating activities of RMB 5,073,000 a year ago. Purchase of property, plant and equipment was RMB 3,455,000 against RMB 8,445,000 a year ago. For the fourth quarter of 2013, the company reported impairment loss on property, plant and equipment of RMB 14,348,000. Impairment loss on other assets was RMB 368,000 against RMB 51,000 a year ago.

China Powerplus Limited Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2013

China Powerplus Limited reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2013. For the quarter, the company reported revenue of RMB 65,938,000 compared to RMB 81,908,000 a year ago. The decline was mainly due to the group reduced sales for those products with low selling prices to protect its margins. Loss before tax was RMB 17,106,000 compared to profit before tax of RMB 125,000 a year ago. Loss after tax was RMB 17,106,000 compared to profit after tax of RMB 125,000 a year ago. Net cash flows used in operating activities were RMB 728,000 compared to RMB 4,741,000 a year ago. Purchase of property, plant and equipment was RMB 1,062,000 compared to RMB 1,511,000 a year ago. Loss per share was 4.0 cents compared to nil a year ago. The increase in net loss for the group was mainly due to recognition of allowance for impairment on trade receivables of RMB 12.8 million in third quarter of fiscal 2013. There was no allowance for impairment on trade receivables recognized in third quarter of fiscal 2012. For the nine months period, the company reported revenue of RMB 275,188,000 compared to RMB 272,675,000 a year ago. Loss before tax was RMB 28,652,000 compared to profit before tax of RMB 1,857,000 a year ago. Loss after tax was RMB 28,652,000 compared to profit after tax of RMB 1,857,000 a year ago. Net cash flows used in operating activities were RMB 516,000 compared to RMB 7,641,000 a year ago. Purchase of property, plant and equipment was RMB 1,904,000 compared to RMB 5,223,000 a year ago. Loss per share was 6.7 cents compared to earnings per share of 0.4 cent a year ago.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
January 23, 2014
--
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
NYC2012, Inc. United States
Lawyers Committee for Civil Rights Under Law United States
Bertelsmann AG Europe
Rush University United States
Greater Houston Partnership United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact China PowerPlus Limited, please visit www.chinapowerplus.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.