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kuangchi science ltd (439) Details

KuangChi Science Limited, an investment holding company, focuses on the research and development of space technologies to provide various space services in the People’s Republic of China, Hong Kong, New Zealand, and Canada. It offers in-depth space products, including Cloud, a flying apparatus platform that provides communications, Internet access, smart surveillance, and big data collection and analysis; Traveller, an all-weather multi-purpose orbit satellite; Manned Traveller; KuangChi Martin Jetpack for search and rescue, military, recreational, and commercial applications; Solar Ship, a transportation platform; and SkyX aircraft. The company also provides cloud maintenance services; and WiFi network equipment and installation services, as well as engages in the sale of chips. In addition, it engages in property investment activities; and provision of administrative services. The company was formerly known as Climax International Company Limited and changed its name to KuangChi Science Limited in September 2014. KuangChi Science Limited is headquartered in Causeway Bay, Hong Kong. KuangChi Science Limited is a subsidiary of New Horizon Wireless Technology Limited.

420 Employees
Last Reported Date: 04/30/19

kuangchi science ltd (439) Top Compensated Officers

CEO, CTO & Executive Director
Total Annual Compensation: $1.4M
Executive Director
Total Annual Compensation: $1.4M
Executive Director
Total Annual Compensation: $1.2M
Compensation as of Fiscal Year 2018.
kuangchi science ltd
KuangChi Science Limited Announces Executive Changes

The Board of directors of KuangChi Science Limited announced that Dr. Zhang Yangyang has resigned as co-chief executive officer of the company with effect from 23 May 2019, due to devoting more time to his other personal engagement. Dr. Zhang will continue to act as an executive Director and member of remuneration committee of the company. Upon Dr. Zhang's resignation of co-chief executive officer, the other co-chief executive officer of the company, Dr. Luan Lin, will become the chief executive officer of the company and will oversee the entire operations of the Group. Dr. Luan Lin's other titles and positions will remain unchanged.

KuangChi Science Limited Announces Audited Consolidated Earnings Results for the Year Ended December 31, 2018

KuangChi Science Limited announced audited consolidated earnings results for the year ended December 31, 2018. For the year, the company reported revenue of HKD 158,406,000 against HKD 306,192,000 a year ago. Operating loss was HKD 403,398,000 against profit of HKD 326,130,000 a year ago. Loss for the year was HKD 497,616,000 against HKD 66,612,000 a year ago. Basic loss per share from continuing and discontinued operations was 7.43 cents against EPS of 1.08 cents a year ago. Basic loss per share from continuing operations was 6.91 cents against EPS of 3.22 cents a year ago. Diluted loss per share from continuing operations was 6.91 cents against EPS of 3.20 cents a year ago.

KuangChi Science Limited Provides Unaudited Consolidated Earnings Guidance for the Year Ended December 31, 2018

KuangChi Science Limited provided unaudited consolidated earnings guidance for the year ended December 31, 2018. For the period, the company expected that it may record an increase in net loss for fiscal 2018 with a net loss ranging from approximately HKD 500 million to HKD 600 million. The absence of the after-tax gains arising from fair value changes of derivative financial assets for fiscal 2018 as compared to an amount of HKD 524 million for fiscal 2017 as disclosed in the announcement of the company dated August 14, 2018.

 

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TEV/Sales 12.7x
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