Chongyi Zhangyuan Tungsten Co.,Ltd.



Quote for Chongyi Zhangyuan Tungsten Co.,Ltd.

Last Trade:
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Symbol/Code:
002378
Status:
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Stock Type:
A Share
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Currency in CNY Time=UTC+8002378 quote

Summary for Chongyi Zhangyuan Tungsten Co.,Ltd.

Chongyi Zhangyuan Tungsten Co.,Ltd. is principally engaged in the mining, separating, smelting and deep processing of tungsten ore. The Company's major products include ammonium paratungstate (APT), tungsten oxide, tungsten powder, tungsten carbide powder, as well as tungsten carbide and its related tools, among others. The Company's tungsten carbide products mainly include general welding blades, machinery transposition blades, tool blades for mines, geology and coal, wear resisting and abnormal shape blades, bars, welding and clamping blades, as well as globe teeth, among others. During the year ended December 31, 2010, the Company sold approximately 8,457.76 tons of tungsten products. The Company distributes its products in domestic and overseas markets.

Profile for Chongyi Zhangyuan Tungsten Co.,Ltd.

Full Name:Chongyi Zhangyuan Tungsten Co.,Ltd.
Full Name in Chinese:崇义章源钨业股份有限公司 Short Name in Chinese:章源钨业
Symbol/Stock Code:
002378
Listed in:
Shenzhen Stock Exchange
Issued Capital
-
Negotiable Capital:
-
Chairman:
Huang Zelan
Secretary of the Board:
Liu Ji
Phone:
+86-797-3813839
Fax:
+86-797-3813839
Official Website:www.zy-tungsten.com
E-mail:info@zy-tungsten.com
Address:Taxia, Chongyi County,Ganzhou JGX 341300
IPO Subscription Date:
2010-03-19
Listing Date:
2010-03-31
IPO Issued Capital:
43000000
IPO Price:
13 CNY
IPO fees:
49307400 CNY
Money Raised by IPO:
559000000 CNY
IPO Par Value:
1.00 CNY
Net Money Raised:
509692600 CNY
Open(Listing day):
28.00 CNY
Close(Listing day):
29.96 CNY
Diluted P/E ratio after IPO:
52.0000
Turnover rate(listing day):
85.35%

Financials for Chongyi Zhangyuan Tungsten Co.,Ltd.

UPDATE:2012-10-28 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)
110.1769
286.9098
151.4404
118.0436
Net Profit Growth(%)
-53.18
89.45
28.29
32.18
Return On Equity(ROE)(%)
8.02
20.09
12.13
18.23
Debt ratio(%)
48.93
41.64
43.17
54.57
Net Operating Cash Flow/Net Profit(%)
148.34
39.48
-97.66
146.67

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)
0.2600
0.6700
0.3600
0.3100
Diluted Earnings Per Share
0.0000
0.6700
0.3600
0.2700
Net Asset Value Per Share (NAVPS)
3.2100
3.3400
2.9100
1.6800
Additional Paid-In Capital Per Share
1.1085
1.1085
1.1085
0.0059
Retained Earnings Per Share
0.8639
1.0066
0.6572
0.5663
Net Cash Flow From Operatings Activities Per Share
0.3800
0.2600
-0.3500
0.4500
Net Cash Flow Per Share
0.0941
-0.5066
0.5636
-0.0525

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)
2688.422
2447.6821
2196.3888
1425.3989
Total Liabilities(Million)
1315.4784
1019.2493
948.397
777.9647
Current Liabilities(Million)
1046.8042
914.3737
752.6427
619.4337
Long Term Liabilities(Million)
-
-
-
-
Cash And Cash Equivalents(Million)
213.0129
160.255
324.2588
88.17
Accounts Receivables(Million)
244.4831
178.6919
96.7067
103.511
Deposit Received(Million)
7.8706
12.5776
40.4681
5.2495
Other Receivables(Million)
4.8309
5.7829
7.193
5.6855
Bad Debt Reserve(Million)
-
-
-
-
Shareholder's Equity/Owner's Equity(Million)
1372.9436
1428.4328
1247.9918
647.4343
Debt ratio(%)
48.93
41.64
43.17
54.57
Equity Ratio(%)
51.0600
58.3500
56.8200
45.4200
Current Ratio
1.3041
1.4906
1.8234
1.0407
Quick Ratio
0.6339
0.6450
0.8521
0.4870

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)
1185.0279
1734.5355
1310.024
1089.528
Net Cash Flow From Operatings Activities(Million)
163.4379
113.2677
-147.9024
173.1346
Net Cash Flow From Operatings Activities Change(%)
50.91
-176.58
-185.43
93.80
Net Cash Flow(Million)
40.284
-216.9363
241.3228
-20.2363
Cash From Selling Commodities/Prime Revenue(%)
92.38
89.57
94.99
101.65
Net Cash Flow/Net Profit(%)
36.56
-75.61
159.35
-17.14
Cash Flow From Investing Activities(Million)
-177.8582
-360.4786
-128.0266
-25.7983
Cash Flow From Financing Activities(Million)
54.459
30.1774
517.0527
-167.5989

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)
1282.7342
1936.6172
1379.1095
1071.846
Prime Operating Profit(Million)
-
-
-
-
Operating Costs(Million)
12.6092
17.6026
12.6699
8.017
Administrative Costs(Million)
79.199
98.2597
66.0584
39.4473
Financing Costs(Million)
49.157
60.2485
32.1117
33.8238
Above Three Costs Change(%)
12.63
58.89
36.35
-17.50
Operating Profit(Million)
130.8401
348.1392
176.0503
121.1296
Income From Investment(Million)
0.9906
-8.5244
4.1501
4.0357
Government Subsidies(Million)
-
-
-
-
Net Non-Operating Income And Expense(Million)
0.4771
1.4526
0.3386
14.301
Total Profit(Million)
131.3172
349.5918
176.3889
135.4306
Corporate Income Tax(Million)
21.1402
62.6819
24.9486
17.387
Net Profit(Million)
110.1769
286.9098
151.4404
118.0436
Gross Profit Ratio(%)
22.16
28.70
21.15
18.88
Operating Margin(%)
10.20
17.97
12.76
11.30
Return On Equity(ROE)(%)
8.02
20.09
12.13
18.23

Announcements for Chongyi Zhangyuan Tungsten Co.,Ltd.

Date: 2012-08-21
Title: EGM RESOLUTION
The Company held its 1st Extraordinary General Meeting of 2012 on 18 August 2012, during which the following proposal(s) was/were approved:
1. Formulation of plan on the shareholders' return
2. Amendments to the Company's articles of association
Date: 2012-07-31
Title: EGM-SPOT
The Company will hold the 1st Extraordinary General Meeting of 2012 at 15:00 on 18 August 2012.

Meeting agenda:
1. Formulation of plan on the shareholders' return
2. Amendments to the Company's articles of association


Meeting attendees:
1. A-share holders registered at CSDCC Shenzhen after the close of trading on 16 August 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: 18 August 2012
Date: 2012-05-14
Title: DIVIDEND IMPLEMENTATION (CASH ONLY)
2011 final distribution plan to be implemented (A shares):

1. Cash dividend/10 shares (tax included): CNY4.00000000
2. Bonus issue from profit (share/10 shares): none
3. Bonus issue from capital reserve (share/10 shares): none


Record date: 17 May 2012
Ex-date: 18 May 2012
Payment date: 18 May 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: CNY0.40000000(10 percent x CNY4.00000000)
Net cash dividend/10 shares after tax: CNY3.60000000(CNY4.00000000- CNY0.40000000)
Date: 2012-05-08
Title: AGM RESOLUTION
The Company held its Annual General Meeting of 2011 on 05 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 annual report and its summary
4. 2011 financial resolution report
5. 2011 profit distribution plan
6. 2011 special report on the use of raised funds
7. 2011 internal control self-evaluation report
8. Appointment of audit firm
9. 2012 remuneration for directors and supervisors
10. 2012 continuing connected transactions estimate
11. 2012 application for comprehensive credit line to banks
12. Amendments to decision-making system on connected transactions
The detailed profit distribution plan are as follows:
1) Cash dividend/10 shares (tax included): CNY4.00000000
2) Bonus issue from profit (share/10 shares): none
3) Bonus issue from capital reserve (share/10 shares): none.
Date: 2012-04-10
Title: FINAL DIVIDEND
The Company issued its 2011 annual report on 10 April 2012.

The profit distribution proposal for 2011:
1. Cash dividend/10 shares (tax included): CNY4.00000000
2. Bonus issue from profit (share/10 shares):none
3. Bonus issue from capital reserve (share/10 shares):none.
Date: 2012-04-10
Title: AGM-SPOT
The Company will hold the 2011 Annual General Meeting at 15:00 on 05 May 2012.

Meeting agenda:
1. 2011 work report of the board of directors
2. 2011 work report of the supervisory committee
3. 2011 annual report and its summary
4. 2011 financial resolution report
5. 2011 profit distribution plan
6. 2011 special report on the use of raised funds
7. 2011 internal control self-evaluation report
8. Appointment of audit firm
9. 2012 remuneration for directors and supervisors
10. 2012 continuing connected transactions estimate
11. 2012 application for comprehensive credit line to banks
12. Amendments to decision-making system on connected transactions
The detailed profit distribution plan are as follows:
1) Cash dividend/10 shares (tax included): CNY4.00000000
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 03 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: 05 May 2012
Date: 2011-09-06
Title: EGM RESOLUTION
The Company held its 1st EGM of 2011 on 03 September 2011, during which the following proposal(s) was/were approved:
1. Additional investment in a project invested with raised funds and its feasibility research report.
Date: 2011-08-16
Title: EGM-SPOT
The Company will hold the 1ST EGM OF 2011 at 15:00 on 03 September 2011.

Meeting agenda:
1. Additional investment in a project invested with raised funds and its feasibility research report

Meeting attendees:
1. A-share holders registered at CSDCC Shenzhen after the close of trading on 29 August 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: 03 September 2011
Date: 2011-05-24
Title: DIVIDEND IMPLEMENTATION (CASH ONLY)
2010 FINAL DISTRIBUTION PLAN TO BE IMPLEMENTED (A SHARES):

1. CASH DIVIDEND/10 SHARES (TAX INCLUDED): CNY2.500000
2. BONUS ISSUE FROM PROFIT (SHARE/10 SHARES): NONE
3. BONUS ISSUE FROM CAPITAL RESERVE (SHARE/10 SHARES): NONE


RECORD DATE: 27MAY11
EX-DATE: 30MAY11
PAYMENT DATE: 30MAY11

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: CNY0.250000(10 PERCENT X CNY2.500000)
NET CASH DIVIDEND/10 SHARES AFTER TAX: CNY2.250000(CNY2.500000- CNY0.250000)
Date: 2011-05-17
Title: AGM RESOLUTION
THE CO HELD ITS 2010 AGM ON 14MAY11, DURING WHICH THE FOLLOWING PROPOSAL(S) WAS/WERE APPROVED:
1. 2010 WORK REPORT OF THE BOARD OF DIRECTORS
2. 2010 WORK REPORT OF THE SUPERVISORY COMMITTEE
3. 2010 ANNUAL REPORT AND ITS SUMMARY
4. 2010 FINANCIAL RESOLUTION REPORT
5. 2010 PROFIT DISTRIBUTION PLAN
6. ISSUE OF 2011 NON FINANCIAL ENTERPRISE DEBT FINANCING TOOLS IN INTER-BANK BOND MARKET
7. 2011 CONTINUING CONNECTED TRANSACTIONS
8. 2011 CREDIT PLAN
9. REPORT ON 2010 INTERNAL CONTROL SELF ASSESSMENT
10. SPECIAL REPORT ON THE USE OF RAISED FUNDS
11. RE-APPOINTMENT OF AUDIT FIRM
12. ADJUSTMENT TO REMUNERATION FOR DIRECTORS AND SUPERVISORS IN 2011
THE DETAILED PROFIT DISTRIBUTION PLAN ARE AS FOLLOWS:
1) CASH DIVIDEND/10 SHARES (TAX INCLUDED): CNY2.5000
2) BONUS ISSUE FROM PROFIT (SHARE/10 SHARES): NONE
3) BONUS ISSUE FROM CAPITAL RESERVE (SHARE/10 SHARES): NONE