Fujian Haiyuan Automatic Equipments Co.,Ltd.



Quote for Fujian Haiyuan Automatic Equipments Co.,Ltd.

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Symbol/Code:
002529
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Stock Type:
A Share
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Currency in CNY Time=UTC+8002529 quote

Summary for Fujian Haiyuan Automatic Equipments Co.,Ltd.

FUJIAN HAIYUAN AUTOMATIC EQUIPMENTS CO., LTD is principally engaged in the research, development, design, manufacture and distribution of hydraulic forming equipment and related devices. The Company primarily provides HF series wall material automatic hydraulic press units and related moulds, including main machines, palletizers, ferry vehicles, supply machines and conveyors, among others; HP series ceramic tile automatic hydraulic press units, as well as HC series refractory material automatic hydraulic press units and related moulds. The Company also provides permeable square brick pressing machines, composite material pressing machines, shaped coal pressing machines, desulfuration plaster production lines and desulfuration ash brick making production lines.

Profile for Fujian Haiyuan Automatic Equipments Co.,Ltd.

Full Name:Fujian Haiyuan Automatic Equipments Co.,Ltd.
Full Name in Chinese:福建海源自动化机械股份有限公司 Short Name in Chinese:海源机械
Symbol/Stock Code:
002529
Listed in:
Shenzhen Stock Exchange
Issued Capital
-
Negotiable Capital:
-
Chairman:
Li Liangguang
Secretary of the Board:
Li Mei
Phone:
+86-591-83855071
Fax:
+86-591-83855031
Official Website:www.haiyuan-group.com
E-mail:hyjx@haiyuan-group.com
Address:1 No.3 North Road,First Phase of Tieling Industria,Fuzhou FUJ 350100
IPO Subscription Date:
2010-12-15
Listing Date:
2010-12-24
IPO Issued Capital:
40000000
IPO Price:
18 CNY
IPO fees:
36414200 CNY
Money Raised by IPO:
720000000 CNY
IPO Par Value:
1.00 CNY
Net Money Raised:
683585800 CNY
Open(Listing day):
27.00 CNY
Close(Listing day):
23.39 CNY
Diluted P/E ratio after IPO:
48.2500
Turnover rate(listing day):
67.16%

Financials for Fujian Haiyuan Automatic Equipments 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)
5.0455
44.9949
62.0358
60.1428
Net Profit Growth(%)
-89.16
-27.46
3.14
1.77
Return On Equity(ROE)(%)
0.51
4.43
6.08
18.93
Debt ratio(%)
9.88
12.64
26.13
43.82
Net Operating Cash Flow/Net Profit(%)
-1763.58
-11.20
23.41
162.42

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)
0.0300
0.2800
0.5200
0.5000
Diluted Earnings Per Share
0.0000
0.4000
0.5000
0.5000
Net Asset Value Per Share (NAVPS)
6.1900
6.3400
6.3700
2.6500
Additional Paid-In Capital Per Share
4.1485
4.1485
4.1485
0.1681
Retained Earnings Per Share
0.8059
0.9618
1.0213
1.2580
Net Cash Flow From Operatings Activities Per Share
-0.5600
-0.0300
0.0900
0.8100
Net Cash Flow Per Share
-0.9854
-2.1160
4.2798
0.4470

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)
1098.518
1161.7918
1380.8368
565.4843
Total Liabilities(Million)
108.5567
146.8761
360.916
247.8125
Current Liabilities(Million)
84.2828
122.6021
356.716
183.6125
Long Term Liabilities(Million)
-
-
-
-
Cash And Cash Equivalents(Million)
276.2227
442.7376
776.224
91.8092
Accounts Receivables(Million)
85.4491
79.4427
87.6508
66.7793
Deposit Received(Million)
26.6895
23.3533
18.6844
19.9096
Other Receivables(Million)
14.9563
3.89
3.8608
3.3064
Bad Debt Reserve(Million)
-
-
-
-
Shareholder's Equity/Owner's Equity(Million)
989.9613
1014.9157
1019.9208
317.6718
Debt ratio(%)
9.88
12.64
26.13
43.82
Equity Ratio(%)
90.1100
87.3500
73.8600
56.1700
Current Ratio
9.2866
7.0209
3.0678
1.7019
Quick Ratio
6.1455
4.9762
2.5526
1.1558

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)
119.8956
440.9817
373.5625
308.8482
Net Cash Flow From Operatings Activities(Million)
-88.9821
-5.0383
14.5239
97.6844
Net Cash Flow From Operatings Activities Change(%)
258.96
-134.69
-85.13
304.06
Net Cash Flow(Million)
-157.6589
-338.5617
684.7673
53.6368
Cash From Selling Commodities/Prime Revenue(%)
67.03
117.40
107.37
117.24
Net Cash Flow/Net Profit(%)
-3124.72
-752.44
1103.83
89.18
Cash Flow From Investing Activities(Million)
-48.8832
-65.1009
-32.2773
-39.961
Cash Flow From Financing Activities(Million)
-19.7489
-268.4293
702.5493
-4.0945

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)
178.8656
375.6264
347.9292
263.4361
Prime Operating Profit(Million)
-
-
-
-
Operating Costs(Million)
29.6394
37.9272
22.7144
16.4356
Administrative Costs(Million)
24.4486
32.9596
27.0842
18.6944
Financing Costs(Million)
-4.9766
-7.2804
9.6807
6.3244
Above Three Costs Change(%)
1.39
6.94
43.48
6.30
Operating Profit(Million)
4.6043
73.97
70.1066
67.5399
Income From Investment(Million)
-
-
-
-
Government Subsidies(Million)
-
-
-
-
Net Non-Operating Income And Expense(Million)
1.6882
-18.2456
2.2881
0.5396
Total Profit(Million)
6.2925
55.7244
72.3947
68.0795
Corporate Income Tax(Million)
1.247
10.7295
10.3589
7.9367
Net Profit(Million)
5.0455
44.9949
62.0358
60.1428
Gross Profit Ratio(%)
31.86
37.54
38.53
42.98
Operating Margin(%)
2.57
19.69
20.14
25.63
Return On Equity(ROE)(%)
0.51
4.43
6.08
18.93

Announcements for Fujian Haiyuan Automatic Equipments Co.,Ltd.

Date: 2012-07-04
Title: EGM RESOLUTION
The Company held its 1st Extraordinary General Meeting of 2012 on 03 July 2012, during which the following proposal(s) was/were approved:
1. Change of projects invested with raised fund from IPO and use of surplus over-raised fund
2. Use of raised fund and self-owned fund to increase capital in wholly-owned subsidiaries
3. Authorization to the board to handle matters in relations to change of projects invested with raised fund
4. The plan for the shareholders' profit return(2012-2014)
5. Amendments to the Company's articles of association.
Date: 2012-06-15
Title: EGM-ONLINE
The Company will hold the 1st Extraordinary General Meeting of 2012 at 09:30 on 03 July 2012.

Meeting agenda:
1. Change of projects invested with raised fund from IPO and use of surplus over-raised fund
2. Use of raised fund and self-owned fund to increase capital in wholly-owned subsidiaries
3. Authorization to the board to handle matters in relations to change of projects invested with raised fund
4. The plan for the shareholders' profit return(2012-2014)
5. Amendments to the Company's articles of association

Meeting attendees:
1.A-share holders registered at CSDCC Shenzhen after the close of trading on 25 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: 28 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: 03 July 2012
Voting code:362529
Voting abbreviation:Haiyuan Equipments 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 02 July 2012 to 03 July 2012.
Date: 2012-04-26
Title: FINAL DIVIDEND
The Company issued its 2011 annual report on 26 April 2012.

The profit distribution proposal for 2011:
1. Cash dividend/10 shares (tax included): CNY1.87500000
2. Bonus issue from profit (share/10 shares):none
3. Bonus issue from capital reserve (share/10 shares):none.
Date: 2012-04-26
Title: AGM-ONLINE
The Company will hold the 2011 Annual General Meeting at 09:30 on 18 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 report
4. 2011 profit distribution plan
5. 2011 annual report and its summary
6. Financing from banks and leasing companies for 2012 and the first half of 2013
7. Guarantee for customers for whom transactions are settled on buyer's credit for 2012 and the first half of 2013
8. Reappointment of audit firm
9. To temporarily replenish working capital with partial idle raised funds
10. Amendments to the management measures for external guarantee
The detailed profit distribution plan are as follows:
1) Cash dividend/10 shares (tax included): CNY1.87500000
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 11 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: 15 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: 18 May 2012
Voting code:362529
Voting abbreviation:Haiyuan Equipments 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 17 May 2012 to 18 May 2012.
Date: 2011-12-21
Title: RESTRICTED SHARE LISTING
Among the Company's 38900160 restricted shares to be unlocked on 26 December 2011, 35962110 of them will be tradable on the Shenzhen Stock Exchange on that day.
Date: 2011-09-29
Title: EGM-ONLINE
The Company will hold the 2nd Extraordinary General Meeting of 2011 at 14:00 on 14 October 2011.

Meeting agenda:
1. To temporarily replenish working capital with partial idle raised proceeds

Meeting attendees:
1.A-share holders registered at CSDCC Shenzhen after the close of trading on 30 September 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: 11 October 2011

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: 14 October 2011
Voting code:362529
Voting abbreviation:Haiyuan Equipments 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 13 October 2011 to 14 October 2011.
Date: 2011-09-08
Title: EGM RESOLUTION
The Company held its 1st EGM of 2011 on 07 September 2011, during which the following proposal(s) was/were approved:
1. Amendments to the articles of association
2. Amendments to the rules of procedures for general meeting of shareholders
3. Amendments to the rules of procedures for the board of directors
4. Amendments to the rules of procedures for the supervisory committee
5. Amendments to connected transaction management system
6. Amendments to operation decision-making and operation management rules
7. Amendments to system for independent directors
8. Amendments to management measures on use of raised funds
9. Amendments to external investment management system
10. Amendments to external guarantee management system
11. Formulation of management system on accounting policy, accounting estimate change and accounting errors.
Date: 2011-08-23
Title: EGM-SPOT
The Company will hold the 1ST EGM OF 2011 at 09:30 on 07 September 2011.

Meeting agenda:
1. Amendments to the articles of association
2. Amendments to the rules of procedures for general meeting of shareholders
3. Amendments to the rules of procedures for the board of directors
4. Amendments to the rules of procedures for the supervisory committee
5. Amendments to connected transaction management system
6. Amendments to operation decision-making and operation management rules
7. Amendments to system for independent directors
8. Amendments to management measures on use of raised funds
9. Amendments to external investment management system
10. Amendments to external guarantee management system
11. Formulation of management system on accounting policy, accounting estimate change and accounting errors

Meeting attendees:
1. A-share holders registered at CSDCC Shenzhen after the close of trading on 31 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: 02 September 2011
Date: 2011-04-28
Title: DIVIDEND IMPLEMENTATION (CASH ONLY)
2010 FINAL DISTRIBUTION PLAN TO BE IMPLEMENTED (A SHARES):

1. CASH DIVIDEND/10 SHARES (TAX INCLUDED): CNY3.125000
2. BONUS ISSUE FROM PROFIT (SHARE/10 SHARES): NONE
3. BONUS ISSUE FROM CAPITAL RESERVE (SHARE/10 SHARES): NONE


RECORD DATE: 04MAY11
EX-DATE: 05MAY11
PAYMENT DATE: 05MAY11

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: CNY0.312500(10 PERCENT X CNY3.125000)
NET CASH DIVIDEND/10 SHARES AFTER TAX: CNY2.812500(CNY3.125000- CNY0.312500)
Date: 2011-04-18
Title: AGM RESOLUTION
THE CO HELD ITS 2010 AGM ON 15APR11, 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 FINANCIAL RESOLUTION REPORT
4. 2011 FINANCIAL BUDGET REPORT
5. 2010 PROFIT DISTRIBUTION PLAN
6. 2010 ANNUAL REPORT AND ITS SUMMARY
7. APPLICATION FOR CREDIT LINE TO BANKS AND LEASE COS IN 2011
8. RE-APPOINTMENT OF AUDIT FIRM
THE DETAILED PROFIT DISTRIBUTION PLAN ARE AS FOLLOWS:
1) CASH DIVIDEND/10 SHARES (TAX INCLUDED): CNY3.1250
2) BONUS ISSUE FROM PROFIT (SHARE/10 SHARES): NONE
3) BONUS ISSUE FROM CAPITAL RESERVE (SHARE/10 SHARES): NONE