1229 On Other Exchanges
Symbol
Exchange
Hong Kong
Stuttgart

nan nan resources enterprise (1229) Snapshot

Open
--
Previous Close
--
Day High
--
Day Low
--
52 Week High
-- - --
52 Week Low
-- - --
Market Cap
--
Average Volume 10 Days
--
EPS TTM
--
Shares Outstanding
--
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for NAN NAN RESOURCES ENTERPRISE (1229)
\

Related News

No related news articles were found.

nan nan resources enterprise (1229) Related Businessweek News

No Related Businessweek News Found

nan nan resources enterprise (1229) Details

Nan Nan Resources Enterprise Limited, an investment holding company, engages in coal mining and selling business in the People’s Republic of China. It owns one mining right in the Kaiyuan Open Pit Coal Mine and one exploration right in the Zexu Open Pit Coal Mine in Xinjiang. The company was formerly known as International Resources Enterprise Limited and changed its name to Nan Nan Resources Enterprise Limited in September 2011. Nan Nan Resources Enterprise Limited is headquartered in Admiralty, Hong Kong. Nan Nan Resources Enterprise Limited is a subsidiary of Ascent Goal Investments Limited.

76 Employees
Last Reported Date: 12/6/18

nan nan resources enterprise (1229) Top Compensated Officers

Chairman & MD
Total Annual Compensation: $792.0K
Executive Director
Total Annual Compensation: $528.0K
Executive Director
Total Annual Compensation: --
Compensation as of Fiscal Year 2018.
nan nan resources enterprise
Nan Nan Resources Enterprise Limited Reports Unaudited Consolidated Earnings Results for the Six Months Ended September 30, 2018

Nan Nan Resources Enterprise Limited reported unaudited consolidated earnings results for the six months ended September 30, 2018. For the period, the company reported revenue of HKD 16,079,000 against HKD 72,832,000 a year ago. Profit before tax was HKD 34,864,000 against HKD 24,896,000 a year ago. Profit for the period was HKD 34,573,000 against HKD 23,582,000 a year ago. Profit for the period attributable to owners of the company was HKD 34,573,000 against HKD 23,582,000 a year ago. Diluted earnings per share was 0.61 cents against diluted loss per share of 0.79 cents a year ago.

Nan Nan Resources Enterprise Limited Announces Board Changes

The board of directors of Nan Nan Resources Enterprise Limited announced that with effect from November 20, 2018: The office of Ms. Lo Fong Hung (Ms. Lo) as an executive Director be vacated pursuant to bye-law 89(3) of the bye-laws of the company; and Mr. Wong Sze Wai (Mr. Wong) be appointed as an executive Director to fill the vacancy created by the disqualification of Ms. Lo. According to the bye-law 89(3) of the bye-laws of the Company, the office of a Director shall be vacated if the Director without special leave of absence from the Board, is absent from meetings of the Board for six consecutive months, and his alternate Director, if any, shall not during such period have attended in his stead and the Board resolves that his office be vacated. Despite efforts made by the Company, the Company has not been able to make contact with Ms. Lo since June 8, 2017 and up to the date of this announcement. The Board granted leave without pay to Ms. Lo during her absence with effect from April 1, 2018. Since Ms. Lo has been absent from the Board for more than six consecutive months (i.e., from 8 June 2017 to 31 March 2018) without special leave of absence, the Board has resolved that the office of Ms. Lo as an executive Director be vacated pursuant to the bye-law 89(3) of the bye-laws of the Company with effect from 20 November 2018 and Mr. Wong be appointed as an executive Director to fill the vacancy with effect from November 20, 2018. Mr. Wong, aged 35, is an alternate Director to Mr. Wang Xiangfei (Mr. Wang), an executive Director, with effect from July 18, 2017. He was a personal assistant to Mr. Wang during the period from 1 August 2018 to 19 November 2018. Mr. Wong is also an alternate director to Mr. Wang in several subsidiaries of the Company. Mr. Wong has entered into a service contract with the Company for a term of one year commencing from November 20, 2018.

Nan Nan Resources Enterprise Limited Provides Earnings Guidance for the Six Months Ended September 30, 2018

The board of directors of Nan Nan Resources Enterprise Limited informed the shareholders of the company and potential investors that based on the preliminary review of the unaudited consolidated management accounts of the Group for the six months ended 30 September 2018, there may record a decrease of approximately 77.9% in the total revenue of the Group to approximately HKD 16.1 million for the six months ended 30 September 2018, as compared to approximately HKD 72.8 million for the six months ended 30 September 2017 (the final figure is subject to any adjustment to be made under applicable accounting principles). The decrease in the total revenue of the Group for the six months ended 30 September 2018 as compared to the corresponding period in 2017 was mainly attributable to the suspension of the production at the Kaiyuan Open Pit Coal Mine from 11 April 2018 to 29 August 2018; and the construction of a coal sifting machine at the Kaiyuan Mine as required by the Ministry of Ecology and Environment which has impacted the normal production at the Kaiyuan Mine during the relevant period.

 

The information and data displayed in this profile are created and managed by S&P Global Market Intelligence, a division of S&P Global. Bloomberg.com does not create or control the content. For inquiries, please contact S&P Global Market Intelligence directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

1229 Competitors

Market data is delayed at least 15 minutes.

Company Last Change
No competitor information is available for 1229.
View Industry Companies
 

Industry Analysis

1229

Industry Average

Valuation 1229 Industry Range
Price/Earnings 7.9x
Price/Sales 1.3x
Price/Book 0.9x
Price/Cash Flow 2.7x
TEV/Sales NM Not Meaningful
 | 

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact NAN NAN RESOURCES ENTERPRISE, please visit www.nannanlisted.com. Company data is provided by S&P Global Market Intelligence. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.