Last $1.58 HKD
Change Today -0.05 / -3.07%
Volume 29.9M
1101 On Other Exchanges
Symbol
Exchange
Hong Kong
Munich
OTC US
As of 4:01 AM 07/31/14 All times are local (Market data is delayed by at least 15 minutes).

china rongsheng heavy indust (1101) Snapshot

Open
$1.61
Previous Close
$1.63
Day High
$1.63
Day Low
$1.55
52 Week High
05/15/14 - $2.01
52 Week Low
07/31/13 - $0.80
Market Cap
11.2B
Average Volume 10 Days
24.0M
EPS TTM
$-1.24
Shares Outstanding
7.1B
EX-Date
09/10/13
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for CHINA RONGSHENG HEAVY INDUST (1101)

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china rongsheng heavy indust (1101) Details

China Rongsheng Heavy Industries Group Holdings Limited, an investment holding company, is engaged in shipbuilding, marine engine building, offshore engineering, and engineering machinery activities. Its Shipbuilding segment is involved in the manufacture and construction of various vessels, including bulk carriers, crude oil tankers, and containerships. As of December 31, 2013, it had 94 vessels, representing a total of approximately 12.1 million deadweight tonnage (DWT), including 18 vessels of 64,000 DWT bulk carriers, 28 Panamax bulk carriers, 13 very large ore carriers, 1 Panamax crude oil tanker, 23 Suezmax crude oil tankers, 2 very large crude oil carriers, 1 vessel of 6,500 twenty-foot equivalent unit (TEU) containerships, and 6 vessels of 7,000 TEU containerships. The company’s Offshore Engineering segment constructs drilling units, offshore engineering process units, offshore engineering auxiliary vessels, etc. for marine projects. Its Engineering Machinery segment manufactures and distributes hydraulic excavators and crawler cranes. The company’s Marine Engine Building segment builds marine diesel engines. It is also involved in manufacturing mechanical and electrical equipment, and accessories for shipping production; storing shipping material; carrying cargo; manufacturing and installing pipeline and shipping equipment; providing shipping services and consultation for shipbuilding; and trading vessel accessories. In addition, the company is engaged in the steel construction engineering; manufacture, processing, and sale of steel and accessories, and metal proceeding products; sale of building materials; wholesale and retail of electronic machinery products; and building of shipowners club, as well as design, manufacture, and sale of marine high-power diesel engine parts and semi-finished parts. It serves oil and gas related customers and markets primarily in the People’s Republic of China. The company is headquartered in Central, Hong Kong.

4,738 Employees
Last Reported Date: 04/15/14

china rongsheng heavy indust (1101) Top Compensated Officers

Chairman, Chief Executive Officer, Chairman o...
Total Annual Compensation: CNY10.9M
Chief Financial Officer, Executive Director, ...
Total Annual Compensation: CNY7.1M
Vice Chairman, Chairman of Remuneration Commi...
Total Annual Compensation: CNY3.3M
Executive Director
Total Annual Compensation: CNY3.3M
Executive Director and Member of Nomination C...
Total Annual Compensation: CNY3.3M
Compensation as of Fiscal Year 2013.

china rongsheng heavy indust (1101) Key Developments

China Rongsheng Heavy Industries Group Holdings Limited, Special/Extraordinary Shareholders Meeting, Jun 16, 2014

China Rongsheng Heavy Industries Group Holdings Limited, Special/Extraordinary Shareholders Meeting, Jun 16, 2014., at 09:30 China Standard Time. Location: Plaza 4, Lower Lobby. Agenda: To approve the creation and issue of 7% convertible bonds due 2016 in the aggregate principal amount of HKD 1,000,000,000 by the company and the allotment and issue of new shares upon the exercise of conversion rights attached to the first convertible bonds; and to approve the creation and issue of 7% convertible bonds due 2016 in the aggregate principal amount of HKD 1,000,000,000 by the company and the allotment and issue of new shares upon the exercise of conversion rights attached to the second convertible bonds.

China Rongsheng Heavy Industries Group Holdings Limited Announces Board Changes

China Rongsheng Heavy Industries Group Holdings Limited announced that Mr. Tsang Hing Lun has retired as an independent non-executive Director pursuant to the company's amended and restated articles of association with effect from the conclusion of the 2014 AGM. Upon his retirement as an independent non-executive Director, Mr. Tsang also ceased to be the chairman of the audit committee and a member of each of the finance and investment committee and the remuneration committee of the company, all with effect from the conclusion of the 2014 AGM. The Board also announced that Ms. Zhou Zhan has been appointed as an independent non-executive Director and the chairman of the audit committee and a member of each of the finance and investment committee and the remuneration committee of the company, all with effect from the conclusion of the 2014 AGM. Ms. Zhou is currently a partner at Beijing Promise Certified Public Accountants General Partnership. Ms. Zhou entered into an appointment letter with the company for a term of three years commencing on May 21, 2014.

China Rongsheng Heavy Industries Group Holdings Limited Reports Unaudited Earnings Results for the First Quarter Ended March 31, 2014

China Rongsheng Heavy Industries Group Holdings Limited reported unaudited earnings results for the first quarter ended March 31, 2014. For the period, the company reported operating revenue of RMB 336,379,437.95, operating loss of RMB 313,106,648.04, net loss attributable to owners of the company of RMB 288,774,230.25, cash inflows from operating activities of RMB 1,169,942,012.24 and cash outflows from operating activities of RMB 1,922,475,019.76.

 

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1101

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Valuation 1101 Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 6.7x
Price/Book 1.6x
Price/Cash Flow NM Not Meaningful
TEV/Sales NM Not Meaningful
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