FUJIAN MINFA ALUMINIUM CO.,LTD



Quote for FUJIAN MINFA ALUMINIUM CO.,LTD

Last Trade:
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Symbol/Code:
002578
Status:
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Stock Type:
A Share
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Currency in CNY Time=UTC+8002578 quote

Summary for FUJIAN MINFA ALUMINIUM CO.,LTD

FUJIAN MINFA ALUMINIUM CO.,LTD is principally engaged in the design, research, development, production and distribution of aluminum profile products. The Company primarily provides construction aluminum profile products and industrial aluminum profile products. Its construction aluminum profile products are mainly applied in civil and commercial buildings, and its industrial aluminum profile products are primarily applied in communications and transportation, durable consuming, mechanical equipment, as well as other industries. The Company distributes its products in domestic markets, and to overseas markets, including Southeast Asia, Europe and South America. During the year ended December 31, 2010, the Company obtained approximately 66% and 34% of its total revenue from the sale of construction aluminum profile products and industrial aluminum profile products, respectively.

Profile for FUJIAN MINFA ALUMINIUM CO.,LTD

Full Name:FUJIAN MINFA ALUMINIUM CO.,LTD
Full Name in Chinese:福建省闽发铝业股份有限公司 Short Name in Chinese:闽发铝业
Symbol/Stock Code:
002578
Listed in:
Shanghai Stock Exchange
Issued Capital
-
Negotiable Capital:
-
Chairman:
Huang Tianhuo
Secretary of the Board:
Fu Sunming
Phone:
+86-595-8627 9713
Fax:
+86-595-8627 9731
Official Website:www.minfa.com
E-mail:minfa@minfa.com
Address:Nanmei Comprehensive Development,Nan’an City,Quanzhou FUJ
IPO Subscription Date:
2011-04-20
Listing Date:
2011-04-28
IPO Issued Capital:
43000000
IPO Price:
15.18 CNY
IPO fees:
58195500 CNY
Money Raised by IPO:
652740000 CNY
IPO Par Value:
1.00 CNY
Net Money Raised:
594544500 CNY
Open(Listing day):
18.95 CNY
Close(Listing day):
18.40 CNY
Diluted P/E ratio after IPO:
54.2100
Turnover rate(listing day):
85.69%

Financials for FUJIAN MINFA ALUMINIUM 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)
40.1525
57.6628
52.3025
37.0495
Net Profit Growth(%)
1.37
10.24
41.16
33.39
Return On Equity(ROE)(%)
4.43
6.34
20.36
17.95
Debt ratio(%)
20.30
12.16
53.00
60.08
Net Operating Cash Flow/Net Profit(%)
62.51
-9.12
259.71
62.64

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)
0.2300
0.3700
0.4100
0.2900
Diluted Earnings Per Share
0.0000
0.3200
0.3700
0.2700
Net Asset Value Per Share (NAVPS)
5.2800
5.2900
1.9900
1.6000
Additional Paid-In Capital Per Share
3.3764
3.3769
0.2201
0.2342
Retained Earnings Per Share
0.7891
0.8054
0.6717
0.3062
Net Cash Flow From Operatings Activities Per Share
0.1500
-0.0300
1.0500
0.1800
Net Cash Flow Per Share
-0.5717
2.2169
0.1806
-0.0875

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)
1137.3526
1035.3049
546.5092
517.0646
Total Liabilities(Million)
230.9238
125.9912
289.6594
310.7021
Current Liabilities(Million)
189.7582
80.9277
154.8251
309.6292
Long Term Liabilities(Million)
-
-
-
-
Cash And Cash Equivalents(Million)
364.1415
436.6236
62.5175
35.4651
Accounts Receivables(Million)
77.5584
54.2859
45.465
39.1832
Deposit Received(Million)
102.0868
25.9275
14.2289
19.2843
Other Receivables(Million)
4.1863
2.2158
8.8045
5.519
Bad Debt Reserve(Million)
-
-
-
-
Shareholder's Equity/Owner's Equity(Million)
906.4288
909.3137
256.8497
206.3625
Debt ratio(%)
20.30
12.16
53.00
60.08
Equity Ratio(%)
79.6900
87.8300
46.9900
39.9100
Current Ratio
4.0284
8.7444
1.4304
0.7507
Quick Ratio
3.1443
7.4811
0.9197
0.4298

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)
907.1135
761.5101
652.8934
556.6758
Net Cash Flow From Operatings Activities(Million)
25.1008
-5.2617
135.8374
23.2096
Net Cash Flow From Operatings Activities Change(%)
-692.24
-103.87
485.26
-57.59
Net Cash Flow(Million)
-98.2144
380.8712
23.256
-11.2694
Cash From Selling Commodities/Prime Revenue(%)
127.93
107.06
109.67
114.21
Net Cash Flow/Net Profit(%)
-244.60
660.51
44.46
-30.42
Cash Flow From Investing Activities(Million)
-63.8672
-49.2543
-65.3954
-22.284
Cash Flow From Financing Activities(Million)
-58.7032
436.248
-46.2207
-11.6964

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)
709.059
711.3255
595.3406
487.423
Prime Operating Profit(Million)
-
-
-
-
Operating Costs(Million)
4.1731
5.0494
5.3115
4.1529
Administrative Costs(Million)
21.8573
23.4059
18.0143
13.6543
Financing Costs(Million)
-6.8254
-1.5501
13.1286
12.727
Above Three Costs Change(%)
-27.09
-26.19
19.39
30.16
Operating Profit(Million)
40.4935
63.3821
56.8361
41.2401
Income From Investment(Million)
2.7841
2.4963
-1.5788
0.6477
Government Subsidies(Million)
-
-
-
-
Net Non-Operating Income And Expense(Million)
6.877
4.4637
4.8092
1.8561
Total Profit(Million)
47.3706
67.8459
61.6454
43.0961
Corporate Income Tax(Million)
7.2181
10.183
9.3429
6.0466
Net Profit(Million)
40.1525
57.6628
52.3025
37.0495
Gross Profit Ratio(%)
8.55
12.56
16.07
14.84
Operating Margin(%)
5.71
8.91
9.54
8.46
Return On Equity(ROE)(%)
4.43
6.34
20.36
17.95

Announcements for FUJIAN MINFA ALUMINIUM CO.,LTD

Date: 2012-08-28
Title: EGM RESOLUTION
The Company held its 1st Extraordinary General Meeting of 2012 on 27 August 2012, during which the following proposal(s) was/were approved:
1. Amendments to the Company's articles of association
2. Change of 2012 audit firm for financial report
3. Shareholder return plan for the next three years
Date: 2012-06-26
Title: DIVIDEND IMPLEMENTATION (CASH ONLY)
2011 final distribution plan to be implemented (A shares):

1. Cash dividend/10 shares (tax included): CNY2.50000000
2. Bonus issue from profit (share/10 shares): none
3. Bonus issue from capital reserve (share/10 shares): none


Record date: 02 July 2012
Ex-date: 03 July 2012
Payment date: 03 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: CNY0.25000000(10 percent x CNY2.50000000)
Net cash dividend/10 shares after tax: CNY2.25000000(CNY2.50000000- CNY0.25000000)
Date: 2012-05-15
Title: AGM RESOLUTION
The Company held its Annual General Meeting of 2011 on 12 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. Reappointment of 2012 audit firm
6. Amendments to the Company's articles of association
7. 2011 profit distribution plan
8. Amendments to decision-making system on major business
The detailed profit distribution plan are as follows:
1) Cash dividend/10 shares (tax included): CNY2.50000000
2) Bonus issue from profit (share/10 shares): none
3) Bonus issue from capital reserve (share/10 shares): none.
Date: 2011-07-25
Title: PLACING SHARE LISTING
THE CO'S 8.58 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 28JUL11.
Date: 2011-06-09
Title: AGM RESOLUTION
THE CO HELD ITS 2010 AGM ON 08JUN11, 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. RE-APPOINTMENT OF AUDIT FIRM
5. AMENDMENTS TO THE COMPANY'S ARTICLES OF ASSOCIATION(DRAFT, APPLICABLE TO LISTING)
6. INCREASE IN THE REGISTERED CAPITAL AND TO HANDLE THE CHANGES IN THE INDUSTRIAL AND COMMERCIAL REGISTRATION
THE DETAILED PROFIT DISTRIBUTION PLAN ARE AS FOLLOWS:
1) CASH DIVIDEND/10 SHARES (TAX INCLUDED): CNY0.0000
2) BONUS ISSUE FROM PROFIT (SHARE/10 SHARES): NONE
3) BONUS ISSUE FROM CAPITAL RESERVE (SHARE/10 SHARES): NONE
Date: 2011-05-19
Title: AGM-SPOT
THE CO WILL HOLD THE 2010 AGM AT 09:30 ON 08JUN11.

MEETING AGENDA:
1. 2010 WORK REPORT OF THE BOARD OF DIRECTORS
2. 2010 WORK REPORT OF THE SUPERVISORY COMMITTEE
3. 2010 FINANCIAL RESOLUTION REPORT
4. RE-APPOINTMENT OF AUDIT FIRM
5. AMENDMENTS TO THE COMPANY'S ARTICLES OF ASSOCIATION(DRAFT, APPLICABLE TO LISTING)
6. INCREASE IN THE REGISTERED CAPITAL AND TO HANDLE THE CHANGES IN THE INDUSTRIAL AND COMMERCIAL REGISTRATION

MEETING ATTENDEES:
1. A-SHARE HOLDERS REGISTERED AT CSDCC SZN AFTER THE CLOSE OF TRADING ON 31MAY11 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: 03JUN11
Date: 2011-04-27
Title: IPO SHARE LISTING
THE CO ISSUED A TOTAL OF 43 MILLION SHARES (CODE:002578) IN ITS INITIAL PUBLIC OFFERING. OF THE SHARES,34.42 MILLION SHARES WILL BE LISTED ON THE SHENZHEN STOCK EXCHANGE ON 28APR11 WHILE THE REMAINDER WILL BECOME TRADABLE THREE MONTHS LATER.
Date: 2011-04-19
Title: IPO-ONLINE SUBSCRIPTION
FUJIAN MINFA ALUMINIUM CO., LTD. HAS BEEN APPROVED BY THE CHINA SECURITIES REGULATORY COMMISSION (THE CSRC) TO ISSUE 43.000000 MILLION A-SHARES IN ITS INITIAL PUBLIC OFFERING.
1. CLASS: A SHARES
2. STOCK CODE: 002578
3. STOCK ABBREVIATION: MINFA ALUMINIUM
4. ISSUING VOLUME: 43.000000 MILLION SHARES
5. PAR VALUE: CNY1.00 PER SHARE
6. ISSUING MECHANISM: A BOOK BUILDING PROCESS WILL BE CONDUCTED WITH A COMBINATION OF ONLINE PUBLIC OFFERING AND OFFLINE PLACEMENT.
7. TARGETED LISTING BOURSE: SHENZHEN STOCK EXCHANGE
8. OFFLINE PLACEMENT VOLUME:8.580000 MILLION SHARES
9. ONLINE OFFERING VOLUME: 34.420000 MILLION SHARES
10. PRICE: CNY15.18 PER SHARE
11. OFFLINE SUBSCRIPTION PERIOD:20APR11
12. ONLINE SUBSCRIPTION DATE: 20APR11
Date: 2011-04-12
Title: IPO
FUJIAN MINFA ALUMINIUM CO., LTD. HAS BEEN APPROVED BY THE CHINA SECURITIES REGULATORY COMMISSION (THE CSRC) TO ISSUE 43.0000 MILLION A-SHARES IN ITS INITIAL PUBLIC OFFERING, WHICH IS STRUCTURED AS FOLLOWS:
1.CLASS: A SHARES
2.SIZE: 43.0000 MILLION SHARES
3.PAR VALUE: CNY1.00 PER SHARE
4.ISSUING MECHANISM: A BOOK BUILDING PROCESS WILL BE CONDUCTED WITH A COMBINATION OF ONLINE PUBLIC OFFERING AND OFFLINE PLACEMENT.
5.TARGETED LISTING BOURSE: SHENZHEN STOCK EXCHANGE
6.OFFLINE PLACEMENT VOLUME: 8.5800 MILLION SHARES
7.ONLINE OFFERING VOLUME:34.4200 MILLION SHARES
8.IPO PRICE INQUIRY PERIOD: FROM 13APR11 TO 15APR11
9.IPO PRICE DETERMINED: 19APR11
10.OFFLINE SUBSCRIPTION DATE:20APR11
11.ONLINE SUBSCRIPTION DATE: 20APR11
12.EXPECTED LISTING DATE:N/A