MarketLine Company Profile: China Zenith Chemical Group Ltd.

China Zenith Chemical Group (China Zenith) is a coal-based chemical manufacturer and supplier. The group engages in the manufacture and sale chemicals such as polyvinyl-chloride, vinyl acetate, vitamin C, glucose and starch, calcium carbide; and generation and supply of heat and power. The group operates in Hong Kong, China, the UK and the US. It is headquartered in Wanchai, Hong Kong, and employs around 368 people. The group recorded revenues of HK$163.5 million (approximately $21.1 million) in the fiscal year ended June 2014, a decrease of 45% compared to 2013. The group's operating loss was HK$637.7 million (approximately $82.2 million) in fiscal 2014, as compared to an operating loss of HK$323.3 million (approximately $41.7million) in 2013. Its net loss was HK$559.5 million (approximately $72.2 million) in fiscal 2014, as compared to the net loss of HK$310.7 million (approximately $40.1 million) in 2013.