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Hong Kong
Company data displayed is for sample purposes only and may not reflect the most current information available on Emerging Markets Information Service (EMIS).

China Fortune Holdings Limited (中国长远控股有限公司)

Main Activities: Electrical and Electronic Goods Merchant Wholesalers

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Company Information

Full name
China Fortune Holdings Limited (中国长远控股有限公司)

Headquarters
Rooms 1505-7, 15th Floor, Tower A, Regent Centre, 63 Wo Yi Hop Road, Kwai Chung, New Territories, Hong Kong; Hong Kong; Hong Kong
Status: Listed
Legal Form: Public Limited Company
Operational Status: Operational
ISIN CODE : BMG2154Z1059
Financial Auditors: BDO Limited (2013)
Incorporation Date: October 22, 1999
Total Employees: 224

Tel: (852) 2422-0811

Company Description

The principal activities of the Group are distribution and trading of mobile phones and related accessories, development of marketing and after-sales service network and mining and processing of celestite, zinc and lead minerals.

Company Analysis

According to the Consolidated - Audited financial statement for the first half of 2012, total net operating revenues decreased with -67.74%, from HKD 1,028,391,000 to HKD 331,709,000 . The results of the period decreased -301.36% reaching HKD -10,917,000 at the end of the period against HKD -2,720,000 last year. Return on equity (Net income/Total equity) went from -0.60% to -2.35%, the Return On Asset (Net income / Total Asset) went from -0.33% to -1.54% and the Net Profit Margin (Net Income/Net Sales) went from -0.26% to -3.29% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 52.60% compared to 79.95% of last year. Finally, the Current Ratio (Current Assets/Current Liabilities) went from 1.40 to 1.82 when compared to the previous year.

Key Executives

LAU Siu Ying Chairman and Executive Director
Wang Yu Executive Director
LUO Xi Zhi Executive Director
Law Chun Kwan Independent Non-Exec Director
CHANG Wing Seng, Victor Independent Non-Exec Director
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Balance Sheet

Total Assets

585,271,000

708,289,000

Current Assets

170,931,000

245,440,000

Total Liabilities

171,702,000

244,134,000

Shareholders Equity

413,569,000

464,155,000

Current Liabilities

75,859,000

134,723,000

* All the accounts are in HKD.
Income Statement

Total Operating Revenue

623,049,000

331,709,000

Operational Profit (Loss)

-90,060,000

Net Profit (Loss)

-69,939,000

-10,917,000

* All the accounts are in HKD.
Ratios
Profitability Ratios

Return on Assets (ROA)

-7.5%

-1.29%

Annualised Return on Assets (ROA)

-11.95%

-3.08%

Return on Equity (ROE)

-16.91%

-2.35%

Annualised Return on Equity (ROE)

-16.91%

-4.7%

Return on Sales (ROS)

-11.23%

-3.29%

Return on Capital

-13.73%

-1.9%

Gross Profit Margin

2.19%

1.23%

Operating Profit Margin

-4.69%

-4.49%

Efficiency Ratios

Accounts Receivable Turnover

89.93x

21.49x

Inventory Turnover

18.95x

5.68x

Current asset turnover

3.65x

1.35x

Fixed-asset turnover

41.28x

30.84x

Asset Turnover

1.06x

0.47x

Valuation figures and ratios

Earning Before Interests and Taxes (EBIT)

-83,814,000

-10,200,000

EBITDA

-88,265,000

Enterprise value

231,742,015

184,912,785

Enterprise Value / EBITDA

-0.75

Bookvalue (BV)

-120,479,000

-145,809,000

Liquidity Ratios

Current Ratio

225.33%

182.18%

Quick ratio

181.99%

138.84%

Doom's day ratio

117.81%

97.59%

Leverage Ratios

Leverage ratio

141.52%

152.6%

Debt to equity

3.72%

3.26%

Debt to total assets

2.63%

2.14%

Debt / Enterprise Value

6.63%

8.18%

Market ratios

Price/Book Ratio

0.40

0

Trend Ratios

Revenue Trend

35.28%

32.26%

Net Income Trend

-626.97%

401.36%

Operating Income Trend

-763.93%

401.62%