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As of 11:30 AM 08/29/14 All times are local (Market data is delayed by at least 15 minutes).

haike chemical group ltd-d/i (HAIK) Snapshot

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02/24/14 - 34.50 GBp
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Market Cap
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-0.29 GBp
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haike chemical group ltd-d/i (HAIK) Details

HaiKe Chemical Group Limited, an investment holding company, manufactures and sells petrochemical, specialty/salt chemical, and biochemical products in the People’s Republic of China. It operates through Petrochemical, Chemical, and Biochemical segments. The company’s petrochemical products include liquid petroleum gas, petrol, diesel, jet fuel, gas oil, heating oil, bitumen, and petroleum coke used in manufacturing, transport, and agriculture industries, as well as feedstocks for lubricants and petrochemicals. Its specialty chemical products comprise dimethyl carbonate, propylene glycol, isopropyl alcohol, sodium hydroxide, and liquid chlorine used in medical, agricultural pesticides, synthetic materials, food, textile, and electronics sectors. The company’s biochemical products consist of heparin sodium, enoxaparin sodium, and dalteparin sodium, which are used primarily in the pharmaceutical industry as injectable anticoagulants to prevent the formation of blood clots in humans. HaiKe Chemical Group Limited also exports its products to India, the United Arab Emirates, Belarus, the United States, and internationally. The company is based in Dongying, the People’s Republic of China. HaiKe Chemical Group Limited is a subsidiary of Hi-Tech Chemical Investment Limited.

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haike chemical group ltd-d/i (HAIK) Key Developments

HaiKe Chemical Group Ltd., Annual General Meeting, Jul 20, 2014

HaiKe Chemical Group Ltd., Annual General Meeting, Jul 20, 2014., at 10:00 China Standard Time. Location: 11th Floor, HaiKe Mansion.

Haike Chemical Group Ltd. Announces Unaudited Consolidated Earnings Results for the Year Ended December 31, 2013

HaiKe Chemical Group Ltd. announced unaudited consolidated earnings results for the year ended December 31, 2013. For the year, the company reported revenue of CNY 981,500,000 compared to CNY 958,788,000 a year ago. Profit from operations was CNY 27,268,000 compared to CNY 34,458,000 a year ago. Loss before tax was CNY 10,150,000 compared to profit before tax of CNY 21,755,000 a year ago. Loss for the year from continuing operations was CNY 10,985,000 or CNY 0.286 per basic and diluted share compared to profit of CNY 13,058,000 or CNY 0.340 per basic and diluted share a year ago. Loss for the period attributable to owners of parent company was CNY 709,546,000 or CNY 18.500 per basic and diluted share compared to CNY 282,363,000 or CNY 7.362 per basic and diluted share a year ago. Cash flow used in operating activities was CNY 2,896,207,000 compared to CNY 1,602,520,000 a year ago. Purchase of property, plant and equipment was CNY 9,325,000 compared to CNY 13,844,000 a year ago. The increase in the loan balance was mainly due to capital expenditure in relation to the construction of the second phase of Dongying Hebang Chemical Co. Ltd.

HaiKe Chemical Group Ltd. Reports Earnings Results for the Eleven Months of 2013

HaiKe Chemical Group Ltd. reported earnings results for the eleven months of 2013. For the period, the company recorded total turnover of CNY 36.8 billion, up 140% year-on-year. Accumulated net loss after tax for the period was CNY 359.8 million, compared to a loss of CNY 186.9 million for the same period in 2012. Net borrowings (short/long term borrowing minus bank deposit) amounted CNY 7.4 billion at end-Nov, compared to CNY 6.2 billion at beginning of the year.


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