April 17, 2014 10:00 PM ET

Metals and Mining

Company Overview of China Zhongsheng Resources Holdings Limited

Company Overview

China Zhongsheng Resources Holdings Limited, an investment holding company, engages in the exploration, mining, and processing of iron and ilmenite ore in the People's Republic of China. It holds mining rights in the Yangzhuang iron mine, Zhuge Shangyu ilmenite mine, and Bashan iron project; and owns exploration rights in the Yangzhuang iron mine, Qinjiazhuang ilmenite project, Zhuge Shangyu ilmenite mine, and Gaozhuang Shangyu ilmenite project, located in Yishui County of Shandong Province. The company produces and sells iron concentrates directly to iron pellets and steel producers in Shandong Province. It is also involved in the trading of iron concentrates, iron pellets, coarse iron powd...

Qin Jia Zhuang

Yishui County

Yangzhuang,  

China

Founded in 2001

649 Employees

Key Executives for China Zhongsheng Resources Holdings Limited

Chief Executive Officer and Executive Director
Age: 43
Total Annual Compensation: $454.0K
Chairman
Age: 46
Total Annual Compensation: $742.0K
Executive Director
Age: 54
Total Annual Compensation: $330.0K
Compensation as of Fiscal Year 2012.

China Zhongsheng Resources Holdings Limited Key Developments

China Zhongsheng Resources Holdings Limited Not Recommends Final Dividend for the Year Ended December 31, 2013; Reports Consolidated Audited Earnings Results for the Year Ended December 31, 2013

The board of China Zhongsheng Resources Holdings Limited does not recommend the payment of a final dividend for the year ended December 31, 2013 compared to final dividend of HKD 0.004 per share for the year 2012. The company reported consolidated audited earnings results for the year ended December 31, 2013. For the year, the company reported revenue was RMB 667,904,000 against RMB 871,521,000 a year ago. Operating profit was RMB 162,672,000 against RMB 100,237,000 a year ago. Profit before income tax was RMB 132,734,000 against RMB 66,510,000 a year ago. Profit for the year was RMB 109,107,000 or RMB 0.15 per basic and diluted share against RMB 42,397,000 or RMB 0.07 per basic and diluted share a year ago. Total profit for the year attributable to owners of the company was RMB 111,214,000 against RMB 46,904,000 a year ago. The total comprehensive income attributable to owners of the company has increased, this was mainly due to the one-off gain on bargain purchase of RMB 60.3 million as a result of the acquisition, which was completed in the first quarter of 2013. The decrease in revenue was primarily due to the decrease in sales of iron concentrates produced from iron ore of Yangzhuang Iron Mine by approximately RMB 17.3 million which was partially offset by the consolidation of sales of iron concentrates produced from ilmenite ore of Zhuge Shangyu and ilmenite ore of Luxing Titanium Mine by approximately RMB 3.8 million and RMB 68.5 million for the year ended December 31, 2013.

China Zhongsheng Resources Holdings Limited to Report Fiscal Year 2013 Results on Mar 28, 2014

China Zhongsheng Resources Holdings Limited announced that they will report fiscal year 2013 results on Mar 28, 2014

China Zhongsheng Resources Holdings Limited, Board Meeting, Mar 28, 2014

China Zhongsheng Resources Holdings Limited, Board Meeting, Mar 28, 2014. Agenda: To consider and approve, among others, the audited annual results of the company and its subsidiaries for the year ended 31 December 2013 and the recommendation of payment of a final dividend, if any.

Recent Private Companies Transactions

Type
Date
Target
Buyback
May 14, 2013
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To contact China Zhongsheng Resources Holdings Limited, please visit www.chinazhongsheng.com.hk. Company data is provided by Capital IQ. Please use this form to report any data issues.

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