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fdg electric vehicles ltd (CAOHF) Snapshot

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fdg electric vehicles ltd (CAOHF) Details

FDG Electric Vehicles Limited, an investment holding company, researches, develops, produces, distributes, and sells lithium-ion batteries and related products. The company also designs, manufactures, sells, and leases electric vehicles; provides vehicle design services; invests in bank deposits; and offers human resources, administrative management, and consultancy services. It has operations primarily in the People's Republic of China, the United States, Canada, Australia, Hong Kong, European countries, and internationally. The company was formerly known as Sinopoly Battery Limited and changed its name to FDG Electric Vehicles Limited in May 2014. FDG Electric Vehicles Limited is headquartered in Wanchai, Hong Kong.

891 Employees
Last Reported Date: 07/23/14

fdg electric vehicles ltd (CAOHF) Top Compensated Officers

Deputy Chairman, Executive Director, Member o...
Total Annual Compensation: $1.4M
Senior Executive of the Battery Manufacturing...
Total Annual Compensation: $1.1M
Vice President, Executive Director, Member of...
Total Annual Compensation: $1.0M
Compensation as of Fiscal Year 2014.

fdg electric vehicles ltd (CAOHF) Key Developments

FDG Electric Vehicles Limited, Annual General Meeting, Aug 25, 2014

FDG Electric Vehicles Limited, Annual General Meeting, Aug 25, 2014., at 11:00 China Standard Time. Location: Salons II, Mezzanine Floor, Grand Hyatt Hong Kong. Agenda: To consider audited financial statements and the reports of the directors and independent auditor for the year ended March 31, 2014; to approve re-election of directors; to approve directors to fix directors remuneration until the conclusion of the next annual general meeting; to fix the maximum number of directors at 15; to re-appoint auditor; to approve the refreshment of the 10% limit on grant of options; to allot and issue new shares; to grant a general mandate to the directors to repurchase shares; and to extend the general mandate to allot and issue new shares.

FDG Electric Vehicles Limited Reports Audited Consolidated Cash Flow Results for the Financial Year Ended March 31, 2014

FDG Electric Vehicles Limited reported audited consolidated cash flow results for the financial year ended March 31, 2014. For the period, the company reported net cash used in operations of HKD 219,557,000 against HKD 192,885,000 a year ago. Payments for acquisition of intangible assets were HKD 2,871,000 against HKD 2,030,000 a year ago. Payments for acquisition of fixed assets were HKD 58,183,000 against HKD 46,687,000 a year ago. Net debt was HKD 213,310,000 against HKD 727,905,000 a year ago.

FDG Electric Vehicles Limited Announces Consolidated Audited Earnings Results for the Full Year Ended March 31, 2014

FDG Electric Vehicles Limited announced consolidated audited earnings results for the full year ended March 31, 2014. For the year, the company reported revenue of HKD 83,956,000 against HKD 53,854,000 a year ago. The increase was due to a better recognition of the group's battery products by the customers. Loss before tax was HKD 936,581,000 against HKD 376,124,000 a year ago. Loss for the year attributable to owners of the company was HKD 906,389,000 against HKD 324,447,000 a year ago. Loss per basic and diluted share attributable to owners of the company was 6.67 cents against 2.90 cents a year ago. Excluding the impairments on goodwill and intangible assets, the group recorded a loss after tax and non-controlling interests of approximately HKD 241.0 million, representing an increase of approximately HKD 17.1 million from approximately HKD 223.9 million in the 2012. The group's loss before interest, taxes, depreciation and amortization (LBITDA) amounted to approximately HKD 111.1 million for the current year against HKD 118.9 million a year ago.

 

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