For the year ended 31 December 2009, Jackin says it lost HK$276.1 million (£24.7 million) before tax and HK$82.8 million (£7.3 million) in gross profit.
The company, now known as Guojin Resources Holdings Limited, blames this on “the decreased trend in selling prices of remanufacture of monochrome toner cartridge products”.
For its outlook, the firm says it is planning to diversify into the mining business as it acquired a copper-gold mine, a gold mine and an iron-ore mine in December 2009. These are all based in South California, worth around HK$832.2 million (£74.6 million).
The Directors believe that “commencement of the minerals trading business is an important first step to set a course of growth for the group, with the long term goal of building businesses synergetic with the mining operations”.