Company Profile For China Qinfa Group Limited

China Qinfa Group Limited (0866.HK) (Hong Kong Stock)

sector: Energy · industry: Coal ·

As of 25 Nov 2009

2.01HKD

Price Change

+0.02

Percent Change

+1.01%

Analyst Recommendations

Overview

China Qinfa Group Limited, along with its subsidiaries, is principally engaged in the coal operation business involving purchase and sales, filtering, storage, blending, shipping and transportation of coal. The Company operates in two segments: coal operation segment, which includes purchase, filtering, storage, blending and sales of coal products to the Company’s external customers, and shipping transportation segment, which provides shipping transportation to inter-group companies and external customers through chartering out vessels under time charter and voyage charter. During the year ended December 31, 2008, the Company began its international coal business, in addition to the People’s of Republic (PRC) market.

Quick Financial Synopsis

BRIEF: For the six months ended 30 June 2009, China Qinfa Group Limited's revenues decreased 46% to RMB1.24B. Net income decreased 95% to RMB10.9M. Revenues reflect a decrease in Sale of Coal and lower Shipping Transportation segments. Net income suffered from a decline in gross & operating profit margins, a rise in other expenses and a decrease in finance income. The Company is engaged in the coal operation business involving purchase and sale of coal.

Company Address

China Qinfa Group Limited
Unit Nos.2201 to 2208,Level 22
Poly Intl Plaza, Tower B
No.1 Pazhou Ave E,Haizhu Dist
Guangzhou GNG 510308
P: +8620.89898239