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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.

534 Employees
Last Reported Date: 09/28/18

kuangchi science ltd (439) Top Compensated Officers

Co-CEO, CTO & Executive Director
Total Annual Compensation: $1.3M
Co-CEO & Executive Director
Total Annual Compensation: $1.2M
Total Annual Compensation: $1.6M
Executive Director
Total Annual Compensation: $1.1M
Compensation as of Fiscal Year 2017.
kuangchi science ltd
Kuangchi Science Limited Announces Resignation of Ko Chun Shun Johnson as Non-Executive Director

The board of directors of KuangChi Science Limited announced that the resignation of Mr. Ko Chun Shun Johnson as Non-executive Director of the company with effect from November 16, 2018, due to his other business engagement. Mr. Ko has confirmed that he has no disagreement with the board and there is no matter in connection with his resignation that needs to be brought to the attention of the shareholders of the Company or The Stock Exchange of Hong Kong Limited.

Kuangchi Science Limited Announces Unaudited Consolidated Earnings Results for the Six Months Ended June 30, 2018

KuangChi Science Limited announced unaudited consolidated earnings results for the six months ended June 30, 2018. For the six months, the company reported revenue of HKD 91,070,000 as compared to HKD 190,735,000 for the same period last year. Operating loss was HKD 178,454,000 as compared to profit of HKD 447,954,000 for the same period last year. Loss before tax was HKD 181,181,000 as compared to profit of HKD 441,198,000 for the same period last year. Loss for the period attributable to owners of the company was HKD 162,867,000 as compared to profit of HKD 445,643,000 for the same period last year. Diluted loss per share was 2.65 cents as compared to earnings of 7.37 cents for the same period last year. Net cash used in operating activities was HKD 252,179,000 compared to net cash from operating activities of HKD 32,406,000 a year ago. Purchase of plant and equipment was HKD 45,893,000 compared to HKD 30,849,000 a year ago.

KuangChi Science Limited Provides Group Earnings Guidance for the Six Months Ended June 30, 2018

KuangChi Science Limited provided group earnings guidance for the six months ended June 30, 2018. Based on the information currently available to the Board and the preliminary assessment of the Group's unaudited consolidated management accounts for the six months ended 30 June 2018 the Group is expected a net loss of approximately HKD 170 million to HKD 190 million for the Relevant Period as compared to a net profit of approximately HKD 349 million for the six months ended 30 June 2017. The loss was mainly attributable to the after-tax gains arising from fair value changes of derivative financial assets of HKD 524 million for the six months ended 30 June 2017, whereas there was no such gains for the Relevant Period.


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