China Shipping Network Technology Co.,Ltd.



Quote for China Shipping Network Technology Co.,Ltd.

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Symbol/Code:
002401
Status:
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Stock Type:
A Share
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Currency in CNY Time=UTC+8002401 quote

Summary for China Shipping Network Technology Co.,Ltd.

China Shipping Network Technology Co., Ltd., formerly Shanghai Communications Technology Development Co., LTD, is principally engaged in the provision of computer application services. The Company primarily provides intelligent transportation system integration, including variable information boards, transportation signal systems, lane controllers, intelligent automobile testers, regional controllers, video transportation parameter and incident testing systems, as well as industrial automation products, including digital direct current speed-adjustable device control cabinets, alternative current speed-adjustable device control cabinets, boiler control systems, intelligent electrical panel for ships and substation control cabinets, among others. The Company distributes its products in domestic market, and it takes southwest and eastern China as the main markets.

Profile for China Shipping Network Technology Co.,Ltd.

Full Name:China Shipping Network Technology Co.,Ltd.
Full Name in Chinese:中海网络科技股份有限公司 Short Name in Chinese:中海科技
Symbol/Stock Code:
002401
Listed in:
Shenzhen Stock Exchange
Issued Capital
-
Negotiable Capital:
-
Chairman:
Shen Yihua
Secretary of the Board:
Sun Wenbin
Phone:
+86-21-58211308
Fax:
+86-21-58210704
Official Website:www.cnshippingnt.com
E-mail:dsh@cnshippingnt.com
Address:No. 600,Minsheng Road, Pudong New Dist,SHANGHAI SHA 200135
IPO Subscription Date:
2010-04-26
Listing Date:
2010-05-06
IPO Issued Capital:
13300000
IPO Price:
26.4 CNY
IPO fees:
23713800 CNY
Money Raised by IPO:
351120000 CNY
IPO Par Value:
1.00 CNY
Net Money Raised:
327406200 CNY
Open(Listing day):
38.01 CNY
Close(Listing day):
45.00 CNY
Diluted P/E ratio after IPO:
52.8000
Turnover rate(listing day):
86.27%

Financials for China Shipping Network Technology Co.,Ltd.

UPDATE:2012-10-26 Annual Report Abstract:(All Currency In CNY)

Indicators/Till The Date
2012-09-30
2011-12-31
2010-12-31
2009-12-31
Net Profit(after tax)(Million)
37.2636
42.0722
35.988
27.1744
Net Profit Growth(%)
6.06
16.90
32.43
19.75
Return On Equity(ROE)(%)
6.50
7.69
7.13
19.82
Debt ratio(%)
23.20
30.46
28.49
45.59
Net Operating Cash Flow/Net Profit(%)
-86.39
108.53
94.99
133.62

Per Share Financial Data:(All Currency In CNY)

Per Share Indicators/Till The Date
2012-09-30
2011-12-31
2010-12-31
2009-12-31
Earnings Per Share(EPS)
0.1843
0.3954
0.3529
0.6800
Diluted Earnings Per Share
0.0000
0.3766
0.3453
0.6700
Net Asset Value Per Share (NAVPS)
2.8371
5.1403
9.4898
3.4400
Additional Paid-In Capital Per Share
0.9335
2.6736
6.3472
0.4810
Retained Earnings Per Share
0.7920
1.2546
1.7975
1.5850
Net Cash Flow From Operatings Activities Per Share
-0.1592
0.4291
0.6426
0.9100
Net Cash Flow Per Share
-0.2225
0.2482
6.7342
0.2948

Balance Sheet:(All Currency In CNY)

Assets And Liabilities/Till The Date
2012-09-30
2011-12-31
2010-12-31
2009-12-31
Total Assets(Million)
746.8968
786.5328
706.0015
251.9836
Total Liabilities(Million)
173.3425
239.602
201.1429
114.8928
Current Liabilities(Million)
173.3425
239.602
201.1429
110.4728
Long Term Liabilities(Million)
-
-
-
-
Cash And Cash Equivalents(Million)
431.1681
481.0055
466.5621
108.3036
Accounts Receivables(Million)
137.0427
43.4434
40.374
23.9556
Deposit Received(Million)
42.0539
112.1753
94.8964
37.5727
Other Receivables(Million)
71.2889
61.103
45.0938
23.5895
Bad Debt Reserve(Million)
-
-
-
-
Shareholder's Equity/Owner's Equity(Million)
573.5544
546.9308
504.8586
137.0908
Debt ratio(%)
23.20
30.46
28.49
45.59
Equity Ratio(%)
76.7900
69.5300
71.5000
54.4000
Current Ratio
4.0438
3.0970
3.3274
2.0113
Quick Ratio
3.8422
2.6570
2.9503
1.5451

Cash Flow Statement:(All Currency In CNY)

Cash Flow/Till The Date
2012-09-30
2011-12-31
2010-12-31
2009-12-31
Cash From Selling Commodities(Million)
203.3453
494.6277
480.3685
355.0781
Net Cash Flow From Operatings Activities(Million)
-32.1931
45.6596
34.1844
36.3104
Net Cash Flow From Operatings Activities Change(%)
-50.40
33.57
-5.86
-16.57
Net Cash Flow(Million)
-44.9838
26.4066
358.2585
11.7644
Cash From Selling Commodities/Prime Revenue(%)
52.91
101.72
109.81
98.56
Net Cash Flow/Net Profit(%)
-120.72
62.76
995.49
43.29
Cash Flow From Investing Activities(Million)
-2.1507
-19.253
-1.4002
-1.4076
Cash Flow From Financing Activities(Million)
-10.64
-
325.4744
-23.1384

Income Statement:(All Currency In CNY)

Income Indicators/Till The Date
2012-09-30
2011-12-31
2010-12-31
2009-12-31
Prime Operating Revenue(Million)
384.3002
486.2436
437.4403
360.2747
Prime Operating Profit(Million)
-
-
-
-
Operating Costs(Million)
3.4818
6.6691
5.8171
4.392
Administrative Costs(Million)
16.4938
23.243
25.6972
19.4305
Financing Costs(Million)
-5.3992
-10.5829
-3.1694
-0.6557
Above Three Costs Change(%)
57.37
-31.81
22.35
18.91
Operating Profit(Million)
44.6893
48.1682
36.7985
30.9605
Income From Investment(Million)
1.0183
1.6318
1.1918
0.9768
Government Subsidies(Million)
-
-
-
-
Net Non-Operating Income And Expense(Million)
-0.0159
2.3578
5.2922
0.6073
Total Profit(Million)
44.6734
50.526
42.0907
31.5678
Corporate Income Tax(Million)
7.4098
8.4538
6.1027
4.3935
Net Profit(Million)
37.2636
42.0722
35.988
27.1744
Gross Profit Ratio(%)
19.84
16.95
18.28
17.79
Operating Margin(%)
11.62
9.90
8.41
8.59
Return On Equity(ROE)(%)
6.50
7.69
7.13
19.82

Announcements for China Shipping Network Technology Co.,Ltd.

Date: 2012-07-13
Title: DIVIDEND IMPLEMENTATION (CASH AND BONUS ISSUE)
2011 final distribution plan to be implemented (A shares):

1. Cash dividend/10 shares (tax included): CNY1.00000000
2. Bonus issue from profit (share/10 shares): none
3. Bonus issue from capital reserve (share/10 shares): 9.0000


Record date: 19 July 2012
Ex-date: 20 July 2012
Payment date: 20 July 2012
Listing date of the bonus issues: 20 July 2012.
10 percent withholding tax on cash dividend will be deducted in CNY within the cash dividend receivable. Please refer to below details:
Tax on cash dividend/10 shares: CNY0.10000000(10 percent x CNY1.00000000)
Net cash dividend/10 shares after tax: CNY0.90000000(CNY1.00000000- CNY0.10000000)
Date: 2012-07-13
Title: BONUS ISSUE IMPLEMENTATION
2011 final distribution plan to be implemented (A shares):

1. Cash dividend/10 shares (tax included): CNY0.00000000
2. Bonus issue from profit (share/10 shares): none
3. Bonus issue from capital reserve (share/10 shares): 9.0000

Record date: 19 July 2012
Ex-date: 20 July 2012
Payment date: 20 July 2012
Listing date of the bonus issues: 20 July 2012.
Date: 2012-07-03
Title: EGM RESOLUTION
The Company held its 1st Extraordinary General Meeting of 2012 on 02 July 2012, during which the following proposal(s) was/were approved:
1. Amendments to the Company's articles of association
2. Recommendation of Dai Jing as supervisor.
Date: 2012-05-29
Title: AGM RESOLUTION
The Company held its Annual General Meeting of 2011 on 28 May 2012, during which the following proposal(s) was/were approved:
1. 2011 work report of the board of directors
2. 2011 work report of the supervisory committee
3. 2011 financial resolution and 2012 financial budget report
4. 2011 annual report and its summary
5. 2011 profit distribution plan
6. Appointment of audit firm
7. Amendments to the rules of procedures for general meetings
8. Amendments to the Company's articles of association
9. To sign the framework agreement on financial service with a company and to apply for the trading volumn ceiling for the first three years
10. Estimated continuing connected transaction from 2012 to 2014
The detailed profit distribution plan are as follows:
1) Cash dividend/10 shares (tax included): CNY1.00000000
2) Bonus issue from profit (share/10 shares): none
3) Bonus issue from capital reserve (share/10 shares): 9.00.
Date: 2012-05-08
Title: AGM-ONLINE
The Company will hold the 2011 Annual General Meeting at 13:00 on 28 May 2012.

Meeting agenda:
1. 2011 work report of the board of directors
2. 2011 work report of the supervisory committee
3. 2011 financial resolution and 2012 financial budget report
4. 2011 annual report and its summary
5. 2011 profit distribution plan
6. Appointment of audit firm
7. Amendments to the rules of procedures for general meetings
8. Amendments to the Company's articles of association
9. To sign the framework agreement on financial service with a company and to apply for the trading volumn ceiling for the first three years
10. Estimated continuing connected transaction from 2012 to 2014
The detailed profit distribution plan are as follows:
1) Cash dividend/10 shares (tax included): CNY1.00000000
2) Bonus issue from profit (share/10 shares): none
3) Bonus issue from capital reserve (share/10 shares): 9.0000

Meeting attendees:
1.A-share holders registered at CSDCC Shenzhen after the close of trading on 22 May 2012 are entitled to vote. Original notarized power of attorney for voting is required.
2. Directors of the board, supervisors of the supervisory committee, senior executives and appointed lawyers are entitled to attend the meeting.
Registration period: 24 May 2012

The Company's shareholder may choose to vote online via the trading system of Shenzhen Stock Exchange or via the website of http://wltp.cninfo.com.cn.

Part I Voting via the trading system
Voting date: 28 May 2012
Voting code:362401
Voting abbreviation:CSNT voting
Voting process:
1. To input the "buy" instruction to begin voting
2.To input the serial number of the annual general meeting proposals under the item of "subscription price" "1 share" for voting for, "2 shares" for voting against and "3 shares" for "abstention".

Part II Voting via the internet
shareholders may choose the CA (certification authority) or service password for identity verification. As to the service password, shareholders may apply for a password on the website http://www.szse.cn or http://wltp.cninfo.com.cn.
Voting period: from 27 May 2012 to 28 May 2012.
Date: 2012-02-24
Title: FINAL DIVIDEND
The Company issued its 2011 annual report on 24 February 2012.

The profit distribution proposal for 2011:
1. Cash dividend/10 shares (tax included): CNY1.00000000
2. Bonus issue from profit (share/10 shares):none
3. Bonus issue from capital reserve (share/10 shares):9.0000.
Date: 2011-11-29
Title: EGM-SPOT
The Company will hold the 4th Extraordinary General Meeting of 2011 at 09:00 on 16 December 2011.

Meeting agenda:
1. Change of a project
2. Change in construction of another project

Meeting attendees:
1. A-share holders registered at CSDCC Shenzhen after the close of trading on 09 December 2011 are entitled to vote. Original notarized power of attorney for voting is required.
2. Directors of the board, supervisors of the supervisory committee, senior executives and appointed lawyers are entitled to attend the meeting.

Registration period: 14 December 2011
Date: 2011-09-22
Title: BONUS ISSUE IMPLEMENTATION
2011 interim distribution plan to be implemented (A shares):

1. Cash dividend/10 shares (tax included): CNY0.00000000
2. Bonus issue from profit (share/10 shares): none
3. Bonus issue from capital reserve (share/10 shares): 10.0000

Record date: 28 September 2011
Ex-date: 29 September 2011
Payment date: 29 September 2011
Listing date of the bonus issues: 29 September 2011.
Date: 2011-09-08
Title: EGM CHANGE
Further to our previous message on 07 September 2011 about the company's 3rd Extraordinary General Meeting of 2011, the company announced on 08 September 2011 the original proposal 4 had been changed to 'To sign the strategic cooperation framework agreement with a company'.
Other information remains unchanged.
Date: 2011-09-07
Title: EGM CHANGE
Further to our previous message on 01 September 2011 about the Company's 3rd Extraordinary General Meeting of 2011, the Company announced on 07 September 2011 the following changes made with regard to the said meeting:

Additional items to be discussed:
1. To sign the strategic cooperation framework agreement with the Company
Other information remains unchanged.