Key Developments: Fujian Guanfu Modern Household Wares Co Ltd (002102.SZ)

002102.SZ on Shenzhen Stock Exchange

12.55CNY
26 Jan 2016
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Latest Key Developments (Source: Significant Developments)

Fujian Guanfu Modern Household Wares to sell household goods manufacturing and distribution business and commodity trading business to Fujian-based industrial company
Tuesday, 8 Dec 2015 07:00pm EST 

Fujian Guanfu Modern Household Wares Co Ltd:To sell entire stake in 16 companies engaged in household goods manufacturing and distribution business and commodity trading business to a Fujian-based industrial company, at 430 mln yuan.  Full Article

Fujian Guanfu Modern Household Wares subsidiary to invest 25 mln yuan to hold 17.50 pct stake in Beijing-based educational company
Tuesday, 8 Dec 2015 07:00pm EST 

Fujian Guanfu Modern Household Wares Co Ltd:A wholly owned subsidiary to invest 25 mln yuan to hold 17.50 pct stake in a Beijing-based educational company majoring in Mobile Education.  Full Article

Fujian Guanfu Modern Household Wares and subsidiary to provide guarantee for subsidiary
Thursday, 26 Nov 2015 07:00pm EST 

Fujian Guanfu Modern Household Wares Co Ltd:Says the company and its Fijian-based subsidiary to provide a guarantee of 500 million yuan for a 93.21 pct owned Shanghai-based industrial subsidiary (and the other 6.79 pct stake held by the Fijian-based subsidiary).Guarantee is with a term of two years.  Full Article

Fujian Guanfu Modern Household Wares to apply for comprehensive credit line and to take out loan
Thursday, 12 Nov 2015 07:00pm EST 

Fujian Guanfu Modern Household Wares Co Ltd:To apply for comprehensive credit line of up to 100 mln yuan from Quanzhou branch of Evergrowing Bank Co.Ltd, with a term of one year.To take out loan of up to 50 mln yuan from Shenzhen-based commercial factoring company and with annual interest rate of up to 10 pct.  Full Article

Fujian Guanfu Modern Household Wares issues 2015 net profit outlook
Monday, 26 Oct 2015 08:00pm EDT 

Fujian Guanfu Modern Household Wares Co Ltd:Sees net profit for 2015 to increase by 3,062.78 pct to 3,326.34 pct, or to be 180,000,000 yuan to 195,000,000 yuan.Says the net profit of 2014 was 5,691,200 yuan.Comments that the consolidation of financial result of another company, as well as recording of real estate leasing profit in subsidiary are the main reasons for the forecast.  Full Article

Fujian Guanfu Modern Household Wares plans to fully acquire Jiangsu-based company
Wednesday, 21 Oct 2015 08:00pm EDT 

Fujian Guanfu Modern Household Wares Co Ltd:Says planned to acquire 100 pct stake in a Jiangsu-based pharmaceutical company.  Full Article

Fujian Guanfu Modern Household Wares lowers H1 2015 net profit outlook
Monday, 13 Jul 2015 08:00pm EDT 

Fujian Guanfu Modern Household Wares Co Ltd:Sees net profit for H1 2015 to increase by 882.63 pct to 1,079.15 pct, or to be 25,000,000 yuan to 30,000,000 yuan, compared to net profit of the same period in 2014 (2,544,200 yuan).In the previous outlook, the company expected the net profit for H1 2015 to increase by 1,865.25 pct to 2,258.31 pct, or to be 50,000,000 yuan to 60,000,000 yuan.Comments that decreased sales of household wares, increased operation costs, as well as loss in Shanxi-based subsidiary are the main reasons for the forecast.  Full Article

Fujian Guanfu Modern Household Wares to apply for comprehensive credit line
Thursday, 2 Jul 2015 08:00pm EDT 

Fujian Guanfu Modern Household Wares Co Ltd:To apply for comprehensive credit line of 7 mln yuan from rural credit cooperative, with a term of one year.  Full Article

Fujian Guanfu Modern Household Wares subsidiary to establish investment limited partnership
Tuesday, 19 May 2015 08:00pm EDT 

Fujian Guanfu Modern Household Wares Co Ltd:Wholly owned Jingzhou-based techonology subsidiary to invest 29.7 mln yuan to establish investment limited partnership in Jingzhou, with a Shenzhen-based invest management company.The investment limited partnership to be engaged in equity investment, investment management, to provide various investment activities related consulting service, with a registration capital of 30 mln yuan and the subsidiary to hold 99 pct stake in it.  Full Article

Fujian Guanfu Modern Household Wares announces change in accounting policy
Sunday, 26 Apr 2015 08:00pm EDT 

Fujian Guanfu Modern Household Wares Co Ltd:Says change in accounting policy due to new accounting standards announced by Ministry of Finance of the People's Republic of China, effective July 1, 2014.  Full Article

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