Last $0.04 SGD
Change Today -0.001 / -2.56%
Volume 340.0K
CJFH On Other Exchanges
Symbol
Exchange
Singapore
As of 4:32 AM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).

changjiang fertilizer holdin (CJFH) Snapshot

Open
$0.04
Previous Close
$0.04
Day High
$0.04
Day Low
$0.04
52 Week High
04/29/13 - $0.16
52 Week Low
12/20/13 - $0.03
Market Cap
13.7M
Average Volume 10 Days
59.5K
EPS TTM
$-0.89
Shares Outstanding
360.0M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
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Current Stock Chart for CHANGJIANG FERTILIZER HOLDIN (CJFH)

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changjiang fertilizer holdin (CJFH) Details

Changjiang Fertilizer Holdings Limited, an investment holding company, engages in the manufacture and trading of nitrogenous fertilizer, liquid ammonia, ammonia solution, and methanol in the People’s Republic of China. It sells its nitrogenous fertilizer product under the brand name of Mijiang. The company is based in Changsha, the People’s Republic of China. Changjiang Fertilizer Holdings Limited is a subsidiary of China Changjiang Chemical Fertilizer (International) Holdings Limited.

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changjiang fertilizer holdin (CJFH) Key Developments

Changjiang Fertilizer Holdings Limited Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2013

Changjiang Fertilizer Holdings Limited reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2013. For the quarter, loss before income tax was RMB 255,369,000 against RMB 4,724,000 last year. Net loss attributable to equity holders of the company was RMB 257,928,000 or 71.67 cents per basic share against RMB 6,465,000 or 1.80 cents per basic share last year. Net cash used in operating activities was RMB 21,760,000 against net cash provided by operating activities of RMB 24,864,000 last year. Advance payment and deposit paid for property, plant and equipment was RMB 22,396,000. The increase in loss is due mainly to gross profit decreased by RMB 2.3 million and general and administrative expenses increased by RMB 259.9 million, partially offset by increase in other income of RMB 11.2 million and a decrease in finance expenses of RMB 0.2 million. The increase in net cash used in operating activities was due mainly to the following: decrease of RMB 10.3 million in net profit in the fourth quarter of 2013 as compared to fourth quarter of 2012 after adjustment for non-cash items; increase in cash outflows from changes in working capital amounting to RMB 36.4 million. For the year, revenue was RMB 32,578,000 against RMB 412,445,000 last year. Loss before income tax was RMB 310,590,000 against profit before income tax of RMB 42,325,000 last year. Net loss attributable to equity holders of the company was RMB 320,440,000 or 89.04 cents per basic share against net profit attributable to equity holders of the company of RMB 33,884,000 or 9.41 cents per basic share last year. Net cash used in operating activities was RMB 10,324,000 against net cash provided by operating activities of RMB 88,763,000 last year. Advance payment and deposit paid for property, plant and equipment was RMB 22,396,000. The decrease in revenue of RMB 379.8 million or 92.1% was mainly attributable to the decrease in sales volume and the decrease in average selling prices of all of products. The decrease in profit before income tax is due mainly to gross profit decreased by RMB 61.9 million and general and administrative expenses increased by RMB 304.4 million, partially offset by increase in other income of RMB 11.3 million and a decrease in finance expenses of RMB 1.9 million. The increase in net cash used in operating activities was due mainly to decrease of RMB 92.3 million in net profit in fiscal 2013 as compared to fiscal 2012 after adjustment for non-cash items, and decrease in cash flows from changes in working capital amounting to RMB 8.7 million.

Changjiang Fertilizer Holdings Limited Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2013

Changjiang Fertilizer Holdings Limited reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2013. For the quarter, the company loss before income tax of RMB 33,629,000 against RMB 51,000 for the same period a year ago. Net loss attributable to equity holder of the company was RMB 36,134,000 or 10.04 cents per basic share compared to RMB 1,948,000 or 0.54 cents per basic share for the same period a year ago. Net cash used in operating activities was RMB 2,813,000 against RMB 20,759,000 a year ago. As there was no improvement in demand since the second quarter of 2013, the production activities in all 3 plants continued to be temporary halted for the whole of the third quarter of 2013, with no sales revenue generated in the third quarter. For the nine months, the company reported revenue of RMB 32,578,000 compared to RMB 316,879,000 for the same period a year ago. The decrease was mainly attributable to the decrease in sales volume and the decrease in average selling prices of all of products. Loss before income tax was RMB 55,221,000 against profit before income tax of RMB 47,049,000 for the same period a year ago. The decrease is due mainly to gross profit decreased by RMB 59.6 million and general and administrative expenses increased by RMB 44.5 million, partially offset by a decrease in finance expenses of RMB 1.7 million. Net loss attributable to equity holder of the company was RMB 62,512,000 or 17.37 cents per basic share compared to net profit attributable to equity holder of the company of RMB 40,349,000 or 11.21 cents per basic share for the same period a year ago. Net cash used in operating activities was RMB 11,435,000 against RMB 98,900,000 a year ago.

Changjiang Fertilizer Holdings Limited Provides Earnings Guidance for the Third Quarter Ended September 30, 2013

The Board of Directors of Changjiang Fertilizer Holdings Limited provided profit guidance on the Group's results for the third quarter ended 30 September 2013. The Group expects to report a bigger loss in its unaudited third quarterly results of the Group for the three months ended 30 September 2013, as compared to the corresponding period in 2012. As announced in its results for the second quarter ended 30 June 2013, due to the decrease in demand, the company have temporary halted the production activities in its plants in Xiangyin and Hanshou for the first half of 2013 and for its plant in Miluo, part of second quarter of 2013. As there was no improvement in demand since then, the production activities in all its 3 plants continued to be halted for the whole of the third quarter of 2013, with no sales revenue generated in the third quarter.

 

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