China Western Power Industrial Co., Ltd.



Quote for China Western Power Industrial Co., Ltd.

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Symbol/Code:
002630
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A Share
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Currency in CNY Time=UTC+8002630 quote

Summary for China Western Power Industrial Co., Ltd.

CHINA WESTERN POWER INDUSTRIAL CO., LTD. is principally engaged in the design, manufacture, modification and distribution of boilers, as well as the provision of boiler installation services. The Company primarily provides pulverized coal-fired boilers, circulating fluidized bed boilers, biomass boilers, alkali recovery boilers, waste heat boilers, oil shale-fired boilers and petroleum coke-fired boilers, which are applied in power generation, heat and power cogeneration, metallurgy, petroleum chemical, environment protection and other fields. The Company also offers relevant services, including the supply of equipment sets, equipment modification and amelioration services, as well as engineering general contract services.

Profile for China Western Power Industrial Co., Ltd.

Full Name:China Western Power Industrial Co., Ltd.
Full Name in Chinese:华西能源工业股份有限公司 Short Name in Chinese:华西能源
Symbol/Stock Code:
002630
Listed in:
Shenzhen Stock Exchange
Issued Capital
-
Negotiable Capital:
-
Chairman:
Li Renchao
Secretary of the Board:
Li Weidongmi
Phone:
+86-813-4736870
Fax:
+86-813-4736870
Official Website:www.westernpower.cn
E-mail:whm@westernpower.cn
Address:No.66 Rongchuan Road,Hi-tech Industrial Park,ZIGONG 643001
IPO Subscription Date:
2011-11-04
Listing Date:
2011-11-11
IPO Issued Capital:
42000000
IPO Price:
17 CNY
IPO fees:
55345700 CNY
Money Raised by IPO:
714000000 CNY
IPO Par Value:
1.00 CNY
Net Money Raised:
658654300 CNY
Open(Listing day):
23.22 CNY
Close(Listing day):
22.23 CNY
Diluted P/E ratio after IPO:
34.6200
Turnover rate(listing day):
84.66%

Financials for China Western Power Industrial Co., Ltd.

UPDATE:2012-10-23 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)
88.6444
102.4597
89.0596
94.754
Net Profit Growth(%)
3.56
15.04
-6.00
0.46
Return On Equity(ROE)(%)
5.43
6.58
11.19
16.95
Debt ratio(%)
60.85
61.23
69.52
73.21
Net Operating Cash Flow/Net Profit(%)
-287.32
-29.44
133.74
60.74

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)
0.5308
0.7974
0.7500
0.8614
Diluted Earnings Per Share
0.0000
0.7448
0.6909
0.7901
Net Asset Value Per Share (NAVPS)
9.7700
9.3200
6.3700
5.0835
Additional Paid-In Capital Per Share
5.8590
5.8475
2.8788
2.0646
Retained Earnings Per Share
2.6191
2.1883
2.1858
1.7557
Net Cash Flow From Operatings Activities Per Share
-1.5300
-0.1800
0.9500
0.5200
Net Cash Flow Per Share
-1.7390
2.9438
0.7348
1.6071

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)
4168.58
4018.4797
2623.7259
2101.0986
Total Liabilities(Million)
2536.8126
2460.5183
1824.1695
1538.3197
Current Liabilities(Million)
2384.6366
2315.6301
1655.111
1373.6482
Long Term Liabilities(Million)
-
-
-
-
Cash And Cash Equivalents(Million)
597.5273
1008.9365
462.0372
357.9987
Accounts Receivables(Million)
932.8788
963.2823
680.0781
484.8103
Deposit Received(Million)
556.6111
756.972
466.6574
477.1178
Other Receivables(Million)
56.8157
30.9191
41.967
47.6861
Bad Debt Reserve(Million)
-
-
-
-
Shareholder's Equity/Owner's Equity(Million)
1630.999
1557.1311
795.984
559.1805
Debt ratio(%)
60.85
61.23
69.52
73.21
Equity Ratio(%)
39.1200
38.7400
30.3300
26.6100
Current Ratio
1.3619
1.4094
1.2887
1.3380
Quick Ratio
0.8442
0.9830
0.8273
0.7051

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)
1029.6774
1492.8364
1339.4493
936.0423
Net Cash Flow From Operatings Activities(Million)
-254.6927
-30.1656
119.1115
57.5572
Net Cash Flow From Operatings Activities Change(%)
98.90
-125.33
106.94
-375.07
Net Cash Flow(Million)
-290.4187
491.6228
91.8549
176.7809
Cash From Selling Commodities/Prime Revenue(%)
55.31
78.15
86.50
70.07
Net Cash Flow/Net Profit(%)
-327.62
479.82
103.14
186.57
Cash Flow From Investing Activities(Million)
-171.1588
-204.5774
-217.889
-111.4808
Cash Flow From Financing Activities(Million)
135.4328
726.4533
190.6324
230.7045

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)
1861.7148
1910.234
1548.4164
1335.8124
Prime Operating Profit(Million)
-
-
-
-
Operating Costs(Million)
61.8301
69.3233
34.7875
28.1195
Administrative Costs(Million)
134.5131
170.4725
132.1384
111.7322
Financing Costs(Million)
22.4531
25.9044
8.816
6.3574
Above Three Costs Change(%)
21.10
51.19
20.20
19.36
Operating Profit(Million)
90.2555
110.5312
92.5413
97.5865
Income From Investment(Million)
-0.1279
3.8876
4.0323
5.8694
Government Subsidies(Million)
-
-
-
-
Net Non-Operating Income And Expense(Million)
10.7149
7.9998
8.4253
9.5311
Total Profit(Million)
100.9704
118.531
100.9666
107.1176
Corporate Income Tax(Million)
12.3879
16.0758
11.9331
12.1033
Net Profit(Million)
88.6444
102.4597
89.0596
94.754
Gross Profit Ratio(%)
19.64
22.12
19.45
19.49
Operating Margin(%)
4.84
5.78
5.97
7.30
Return On Equity(ROE)(%)
5.43
6.58
11.19
16.95

Announcements for China Western Power Industrial Co., Ltd.

Date: 2012-10-16
Title: EGM RESOLUTION
The Company held its 3rd Extraordinary General Meeting of 2012 on 15 October 2012, during which the following proposal(s) was/were approved:
1. Amendments to the Company's articles of association
2. Amendments to management system on investment operation
3. By-election of candidate for independent directors
4. By-election of director candidates
Date: 2012-09-21
Title: EGM-SPOT
The Company will hold the 3rd Extraordinary General Meeting of 2012 at 09:30 on 15 October 2012.

Meeting agenda:
1. Amendments to the Company's articles of association
2. Amendments to management system on investment operation
3. By-election of candidate for independent directors
4. By-election of director candidates


Meeting attendees:
1. A-share holders registered at CSDCC Shenzhen after the close of trading on 10 October 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: from 11 October 2012 to 12 October 2012
Date: 2012-07-19
Title: EGM-SPOT
The Company will hold the 2nd Extraordinary General Meeting of 2012 at 09:30 on 03 August 2012.

Meeting agenda:
1. Amendments to the Company's articles of association

Meeting attendees:
1. A-share holders registered at CSDCC Shenzhen after the close of trading on 27 July 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: 01 August 2012
Date: 2012-05-25
Title: EGM-ONLINE
The Company will hold the 1st Extraordinary General Meeting of 2012 at 09:30 on 15 June 2012.

Meeting agenda:
1. The eligibility for corporate bonds issue
2. Issue of corporate bonds

Meeting attendees:
1.A-share holders registered at CSDCC Shenzhen after the close of trading on 08 June 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: 13 June 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: 15 June 2012
Voting code:362630
Voting abbreviation:China Western Power voting
Voting process:
1.To input the "buy" instruction to begin voting
2.To input the serial number of the Investors 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 14 June 2012 to 15 June 2012.
Date: 2012-05-09
Title: AGM RESOLUTION
The Company held its Annual General Meeting of 2011 on 08 May 2012, during which the following proposal(s) was/were approved:
1. 2011 annual report and its summary
2. 2011 work report of the board of directors
3. 2011 work report of the supervisory committee
4. 2011 financial resolution report
5. 2011 profit distribution plan
6. 2012 financial budget report
7. Appointment of 2012 audit firm
8. 2012 continuing connected transactions estimate
9. The Company's articles of association (revision)
10. To add construction contents to a project
11. 2012 application for general comprehensive credit line to a bank
12. 2012 application for comprehensive credit line to another bank
13. 2012 application for general comprehensive credit line to a third bank
14. 2012 application for additional credit line to a fourth bank
15. Resignation of supervisors and by-election of supervisors
16. 2012 application for credit line to banks
17. Special system for prevention of fund embezzlement by the major shareholders and related parties
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): none.
Date: 2012-04-18
Title: FINAL DIVIDEND
The Company issued its 2011 annual report on 18 April 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):none.
Date: 2012-04-18
Title: AGM-SPOT
The Company will hold the 2011 Annual General Meeting at 09:30 on 08 May 2012.

Meeting agenda:
1. 2011 annual report and its summary
2. 2011 work report of the board of directors
3. 2011 work report of the supervisory committee
4. 2011 financial resolution report
5. 2011 profit distribution plan
6. 2012 financial budget report
7. Appointment of 2012 audit firm
8. 2012 continuing connected transactions estimate
9. The Company's articles of association (revision)
10. To add construction contents to a project
11. 2012 application for general comprehensive credit line to a bank
12. 2012 application for comprehensive credit line to another bank
13. 2012 application for general comprehensive credit line to a third bank
14. 2012 application for additional credit line to a fourth bank
15. Resignation of supervisors and by-election of supervisors
16. 2012 application for credit line to banks
17. Special system for prevention of fund embezzlement by the major shareholders and related parties
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): none

Meeting attendees:
1. A-share holders registered at CSDCC Shenzhen after the close of trading on 26 April 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: 04 May 2012
Date: 2012-02-08
Title: PLACING SHARE LISTING
The Company's 8.4 million A-shares placed to the institutional investors through offline placement will reach the 3-month lock-up period and be listed on the Shenzhen Stock Exchange as of 13 February 2012.
Date: 2011-12-23
Title: EGM RESOLUTION
The Company held its 2nd Extraordinary General Meeting of 2011 on 22 December 2011, during which the following proposal(s) was/were approved:
1. Change of setting up a wholly-owned subsidiary to implement the technology sale center and a project into setting up a branch company to implement that.
Date: 2011-12-06
Title: EGM-SPOT
The Company will hold the 2nd Extraordinary General Meeting of 2011 at 10:30 on 22 December 2011.

Meeting agenda:
1. Change of setting up a wholly-owned subsidiary to implement the technology sale center and a project into setting up a branch company to implement that

Meeting attendees:
1. A-share holders registered at CSDCC Shenzhen after the close of trading on 15 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: 20 December 2011