Share This

Public company info - Future Bright Mining Holdings Ltd. , 02212.HK

Input the stock code or the company name     Search  
 
 Profile   Information   Data   Financial Ratios   Profit Loss   Cash Flow   Balance   Earnings   Dividend 

Future Bright Mining Holdings Ltd., 02212.HK - Company Profile
Chairman -
Share Issued (share) 4,389,000,000
Par Currency Hong Kong Dollar
Par Value 0.001
Industry Other Minerals
Corporate Profile Business Summary: The Group is principally engaged in the excavation and sale of marble blocks; production and sale of marble and marble related products; and trading of mineral commodities. Performance for the year: Revenue increased by 21.82% to approximately RMB24.67 million. Loss attributable to owner of the Company was narrowed by 78.82% to approximately RMB2.49 million. Basic and diluted loss per share was RMB0.06 cents (2020: RMB0.30 cents). Business Review Marble and Marble-related Business During the Year, the group are continuously focusing on the development of the Yiduoyan Project, which is an open pit mine located in Hubei Province of the PRC. A total of 6,182 m³ of marble blocks had been produced, 4,257 m³ of marble blocks had been sold in 2021. Besides, the Group also purchased and sold other marble and sandstone blocks during the Year. The revenue generated from this business segment during the Year amounted to approximately RMB24.67 million. After continuous efforts of the sales team, the Group solicited several new customers during the Year. The average selling price of marble block per cubic metre excavated from the group’s mining site increased when compared with the price for FY2020. Apart from the above, to cope with the need of the group’s customers, the Group has also sold marble and sandstone blocks through purchasing from other suppliers starting from December 2020. As a result, revenue of the Group increased slightly during the Year. The group’s customers of the marble business are mainly from the real estate and construction markets of the PRC. Due to the exposure of liquidity problem of some PRC property developers in the second half of 2021, the real estate market has weaken significantly. As a result, downstream industries, which include marble business, were also affected. Besides, some regions in the PRC experienced different levels of the COVID-19 pandemic in the second half of 2021, which affected the execution of contracts signed with the customers. Therefore, the delivery of marble blocks to the group’s customers was further delayed and the revenue for the third and fourth quarters of 2021 was affected. On the other hand, as disclosed in the group’s 2020 annual report, the Group was requested by some of the existing customers to postpone the delivery of marble blocks as a result of the COVID-19 pandemic. During the Year, the Group was still having ongoing discussions with these customers regarding the revised terms and in particular, the updated delivery schedule. This is still subject to the COVID-19 situation and further development and the recovery of the construction and property development markets in the PRC. Trading of Commodities Business No revenue was generated from the commodity trading business for the Year (FY2020: Nil). Although no revenue was derived from this segment during the Year, the Group has entered into a one year contract with a customer and a supplier in June 2021 for the trading of zinc concentrates. Due to the steep increases in shipping prices and long waiting time for the shipment schedule, the shipment of goods to the customer is still pending. The Group expected the goods can be delivered to customer in 2022. Prospects: The group’s objective is to become a well-known supplier of marble blocks in the PRC. The group plan to accomplish this goal by pursuing the following strategies: (i) develop the Yiduoyan Project; (ii) develop product recognition; (iii) expand the group’s resources and reserve through further and selective acquisition; (iv) expand marble trading business to cope with customers’ needs; and (v) develop commodity trading business.

Information from the financial statements of listed companies

Mobile | Full
Forum rule | About Us | Contact Info | Terms & Conditions | Privacy Statment | Disclaimer | Site Map
Copyright (C) 2024Suntek Computer Systems Limited. All rights reserved
Disclaimer : In the preparation of this website, 88iv endeavours to offer the most current, correct and clearly expressed information to the public. Nevertheless, inadvertent errors in information and in software may occur. In particular but without limiting anything here, 88iv disclaims any responsibility and accepts no liability (whether in tort, contract or otherwise) for any direct or indirect loss or damage arising from any inaccuracies, omissions or typographical errors that may be contained in this website. 88iv also does not warrant the accuracy, completeness, timeliness or fitness for purpose of the information contained in this website.