Last C$0.03 CAD
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liuyang fireworks ltd (FWK) Snapshot

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09/30/13 - C$0.08
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liuyang fireworks ltd (FWK) Details

Liuyang Fireworks Limited develops, manufactures, and distributes fireworks and related products to wholesalers and retailers. It operates in the People's Republic of China, North America, South America, and Europe. The company was founded in 1993 and is headquartered in Liuyang, the People’s Republic of China.

Founded in 1993

liuyang fireworks ltd (FWK) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: C$67.0K
Chief Financial Officer
Total Annual Compensation: C$80.2K
Compensation as of Fiscal Year 2013.

liuyang fireworks ltd (FWK) Key Developments

Liuyang Fireworks Limited Announces Resignation of Peng Peng as COO and Director

Liuyang Fireworks Limited announced the resignation of Peng Peng from the position as COO and director. Peng Peng has served as a director of the company since 2009. Mr. Peng Peng is resigning this board position for personal reasons.

Liuyang Fireworks Limited Announces Consolidated Earnings Results for the Third Quarter and Nine Months Ended March 31, 2014

Liuyang Fireworks Limited announced consolidated earnings results for the third quarter and nine months ended March 31, 2014. For the quarter, the company reported revenue of CAD 3,930,000 against CAD 6,139,000 a year ago. EBITDA was CAD 222,000 against CAD 535,000 a year ago. Net income was CAD 74,000 or CAD 0.001 per diluted share against CAD 282,000 or CAD 0.005 per diluted share a year ago. Net income decreased by CAD 312,000. The decrease was primarily attributable to decreased sales revenue during the quarter. For the nine months period, the company reported revenue of CAD 11,616,000 against CAD 15,772,000 a year ago. EBITDA loss was CAD 238,000 against EBITDA of CAD 1,313,000 a year ago. Net loss was CAD 713,000 or CAD 0.013 per diluted share against net income of CAD 742,000 or CAD 0.012 per diluted share a year ago.

Liuyang Fireworks Limited Announces Financial Results for the Second Quarter and Half Year Ended December 31, 2013

Liuyang Fireworks Limited announced financial results for the second quarter and half year ended December 31, 2013. For the quarter, revenue was CAD 4,565,000 against CAD 5,565,000 a year ago. LBITDA was CAD 232,000 against EBITDA of CAD 404,000 a year ago. Net loss was CAD 410,000 or CAD 0.007 per basic and diluted share against net income of CAD 216,000 or CAD 0.004 per basic and diluted share a year ago. Revenue representing a decline of CAD 1 million or 18% compared to the second quarter of the previous year. A CAD 1.98 million decrease in China domestic market fireworks revenue was partially offset by a CAD 0.98 million improvement in international revenues during the quarter. The decrease in EBITDA was mostly attributable to the lower revenue and gross margins experienced during the quarter. For the half year, revenue was CAD 7,687,000 against CAD 9,634,000 a year ago. LBITDA was CAD 443,000 against EBITDA of CAD 8,707,000 a year ago. Net loss was CAD 787,000 or CAD 0.014 per basic and diluted share against net income of CAD 308,000 or CAD 0.006 per diluted share a year ago.


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