Last $6.45 HKD
Change Today +0.07 / 1.10%
Volume 625.0K
1006 On Other Exchanges
Symbol
Exchange
Hong Kong
Frankfurt
As of 4:01 AM 10/31/14 All times are local (Market data is delayed by at least 15 minutes).

changshouhua food co ltd (1006) Snapshot

Open
$6.21
Previous Close
$6.38
Day High
$6.50
Day Low
$6.21
52 Week High
12/31/13 - $10.18
52 Week Low
10/10/14 - $5.90
Market Cap
3.7B
Average Volume 10 Days
460.5K
EPS TTM
$0.44
Shares Outstanding
573.6M
EX-Date
05/22/14
P/E TM
11.7x
Dividend
$0.15
Dividend Yield
2.33%
Current Stock Chart for CHANGSHOUHUA FOOD CO LTD (1006)

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changshouhua food co ltd (1006) Details

Changshouhua Food Company Limited, an investment holding, manufactures and sells branded and non-branded edible corn oil primarily in the People’s Republic of China. It also offers refined edible sunflower seed oil, olive oil, and cotton seed oil; and corn meal. The company markets its products primarily under the Longevity Flower and Gold & Silver Flower brands. The company was formerly known as China Corn Oil Company Limited and changed its name to Changshouhua Food Company Limited in June 2012. The company was incorporated in 2009 and is headquartered in Central, Hong Kong.

4,491 Employees
Last Reported Date: 09/8/14
Founded in 2009

changshouhua food co ltd (1006) Top Compensated Officers

Co-Founder, Chairman, Chief Executive Officer...
Total Annual Compensation: CNY500.0K
Executive Director
Total Annual Compensation: CNY500.0K
Executive Director and Chairman of Corporate ...
Total Annual Compensation: CNY500.0K
Executive Director
Total Annual Compensation: CNY500.0K
Executive Director and Member of Corporate Go...
Total Annual Compensation: CNY182.0K
Compensation as of Fiscal Year 2013.

changshouhua food co ltd (1006) Key Developments

Changshouhua Food Plans to Enter Hong Kong

Changshouhua Food spends big money in building production base in Hangzhou City, Zhejiang Province, east China, expanding production capacity by 100,000 tons, in operation in second half of 2014. The company is also planning Guangdong base, in production in 2016, when Changshouhua Food will enter Hong Kong.

Changshouhua Food Company Limited Announces Unaudited Consolidated Earnings Results for the Six Months Ended June 30, 2014

Changshouhua Food Company Limited announced unaudited consolidated earnings results for the six months ended June 30, 2014. For the period, the company reported profit of RMB 118.814 million or 20.664 cents diluted earnings per share on revenue of 1,311.454 million compared to profit of RMB 139.745 million or 26.555 cents basic earnings per share on revenue of RMB 1,457.207 million for the corresponding period last year. Profit from operations was RMB 154.896 million against RMB 169.810 million of prior year period. Profit before taxation was RMB 147.150 million against RMB 169.728 million of prior year period. The decrease in revenue was mainly due to the decrease in selling price of the Group's corn oil products which was affected by the fal ing market price of edible oil in the first half of 2014, coupled with the Chinese New Year this year was earlier than last year, resulting in a shortened sales season in the first quarter of 2014. The decrease in profit was mainly due to the lack of insurance income arose from the reimbursement by insurance for the loss caused by the fire accident occur ed in November 2012 in an amount of approximately RMB 26.2 million as recorded in the last corresponding period. After excluding the one-time effect of the Insurance Income, the Group recorded a slight increase in profit for the six months ended 30 June 2014 as compared with the corresponding period last year.

Changshouhua Food Company Limited Provides Earnings Guidance for the Six Months Ended June 30, 2014

The board of directors of Changshouhua Food Company Limited informed the shareholders and potential investors of the company that, based on the financial information currently available, the company is expected to record a slight decrease in net profit for the six months ended 30 June 2014 mainly due to the lack of the other income arose from the reimbursement by insurance for the loss caused by the fire accident occurred in November 2012 in an amount of approximately RMB 26.7 million as recorded in the last corresponding period; after excluding the one-time effect of insurance claims for the losses caused by the fire accident, the Group is expected to record a slight increase in net profit for the six months ended 30 June 2014 as compared with the corresponding period last year.

 

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Valuation 1006 Industry Range
Price/Earnings 11.9x
Price/Sales 1.1x
Price/Book 1.5x
Price/Cash Flow 11.9x
TEV/Sales 0.5x
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