GuangDong HuaSheng Electrical Appliances Co.,Ltd.



Quote for GuangDong HuaSheng Electrical Appliances Co.,Ltd.

Last Trade:
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Symbol/Code:
002670
Status:
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Stock Type:
A Share
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Update:-
Currency in CNY Time=UTC+8002670 quote

Summary for GuangDong HuaSheng Electrical Appliances Co.,Ltd.

GuangDong HuaSheng Electrical Appliances Co., Ltd is principally engaged in the research, development, production and distribution of home appliance wiring parts and components. The Company's home appliance wiring parts and components consist of connectors, linkers and wires. The Company's products mainly include connecting parts and componnets for air conditioners, as well as power supply input parts and components for electric heating equipment, air conditioner, refrigerator and other home appliances.

Profile for GuangDong HuaSheng Electrical Appliances Co.,Ltd.

Full Name:GuangDong HuaSheng Electrical Appliances Co.,Ltd.
Full Name in Chinese:广东华声电器股份有限公司 Short Name in Chinese:华声股份
Symbol/Stock Code:
002670
Listed in:
Shenzhen Stock Exchange
Issued Capital
-
Negotiable Capital:
-
Chairman:
Luo Qiaosheng
Secretary of the Board:
Huang Xiqiang
Phone:
+86-757-26680038
Fax:
+86-757-26680019
Official Website:www.wasung.com
E-mail:info@wasung.com
Address:No. 13,,Changbao East Road, Rongguihua,FOSHAN 528306
IPO Subscription Date:
2012-04-06
Listing Date:
2012-04-16
IPO Issued Capital:
50000000
IPO Price:
7.3
IPO fees:
30332500 CNY
Money Raised by IPO:
365000000 CNY
IPO Par Value:
1.00 CNY
Net Money Raised:
334667500 CNY
Open(Listing day):
9.55 CNY
Close(Listing day):
8.92 CNY
Diluted P/E ratio after IPO:
22.1200
Turnover rate(listing day):
61.82%

Financials for GuangDong HuaSheng Electrical Appliances 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)
53.2859
71.9857
73.0922
66.2773
Net Profit Growth(%)
-3.77
-1.51
10.28
53.34
Return On Equity(ROE)(%)
7.20
18.35
21.80
22.77
Debt ratio(%)
37.31
62.54
58.86
58.52
Net Operating Cash Flow/Net Profit(%)
52.22
-88.42
97.27
-4.79

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)
0.3000
0.4800
0.4900
0.4418
Diluted Earnings Per Share
0.0000
0.4500
0.5000
0.0000
Net Asset Value Per Share (NAVPS)
3.7000
2.6100
2.2300
1.9400
Additional Paid-In Capital Per Share
2.1454
0.9628
0.9628
0.3254
Retained Earnings Per Share
0.5099
0.5913
0.2531
0.5988
Net Cash Flow From Operatings Activities Per Share
0.1400
-0.4200
0.4700
-0.0200
Net Cash Flow Per Share
0.4142
0.2024
0.3234
-0.0366

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)
1180.7096
1047.2612
814.9201
701.8951
Total Liabilities(Million)
440.5371
655.0422
479.6867
410.8102
Current Liabilities(Million)
410.5371
576.0422
286.9367
280.8102
Long Term Liabilities(Million)
-
-
-
-
Cash And Cash Equivalents(Million)
222.091
144.1444
110.2714
106.7116
Accounts Receivables(Million)
396.2738
195.2883
268.4662
208.748
Deposit Received(Million)
0.34
7.7379
1.3837
3.0748
Other Receivables(Million)
5.4718
5.1666
3.1107
6.398
Bad Debt Reserve(Million)
-
-
-
-
Shareholder's Equity/Owner's Equity(Million)
740.1725
392.219
335.2333
291.0849
Debt ratio(%)
37.31
62.54
58.86
58.52
Equity Ratio(%)
62.6800
37.4500
41.1300
41.4700
Current Ratio
2.2728
1.4115
2.1413
1.8060
Quick Ratio
1.8822
1.2234
1.5575
1.3095

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)
1149.151
1594.2264
1417.3277
800.0137
Net Cash Flow From Operatings Activities(Million)
27.8276
-63.6517
71.097
-3.1775
Net Cash Flow From Operatings Activities Change(%)
-113.08
-189.53
-2337.50
-104.39
Net Cash Flow(Million)
82.8337
30.3623
48.5108
-5.4964
Cash From Selling Commodities/Prime Revenue(%)
114.58
102.84
107.23
102.19
Net Cash Flow/Net Profit(%)
155.45
42.18
66.37
-8.29
Cash Flow From Investing Activities(Million)
-37.6044
-58.6483
-39.0313
-14.7105
Cash Flow From Financing Activities(Million)
92.6106
152.6623
16.4451
12.3916

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)
1002.9673
1550.234
1321.706
782.8541
Prime Operating Profit(Million)
-
-
-
-
Operating Costs(Million)
20.0519
21.2077
18.8667
13.9716
Administrative Costs(Million)
33.1934
37.0118
34.3814
29.9449
Financing Costs(Million)
21.3284
44.8175
33.0111
11.9422
Above Three Costs Change(%)
-1.47
19.45
54.42
-23.96
Operating Profit(Million)
61.6683
78.8807
80.1868
78.2588
Income From Investment(Million)
-
-
-7.6053
-12.7304
Government Subsidies(Million)
-
-
-
-
Net Non-Operating Income And Expense(Million)
5.3496
6.7838
6.7718
0.5269
Total Profit(Million)
67.0179
85.6645
86.9587
78.7857
Corporate Income Tax(Million)
13.732
13.6788
13.8664
11.8747
Net Profit(Million)
53.2859
71.9857
73.0922
66.2773
Gross Profit Ratio(%)
13.81
11.88
13.04
19.14
Operating Margin(%)
6.14
5.08
6.06
9.99
Return On Equity(ROE)(%)
7.20
18.35
21.80
22.77

Announcements for GuangDong HuaSheng Electrical Appliances Co.,Ltd.

Date: 2012-07-12
Title: PLACING SHARE LISTING
The Company's 10 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 16 July 2012.
Date: 2012-07-06
Title: DIVIDEND IMPLEMENTATION (CASH ONLY)
2011 final distribution plan to be implemented (A shares):

1. Cash dividend/10 shares (tax included): CNY2.00000000
2. Bonus issue from profit (share/10 shares): none
3. Bonus issue from capital reserve (share/10 shares): none


Record date: 11 July 2012
Ex-date: 12 July 2012
Payment date: 12 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: CNY0.20000000(10 percent x CNY2.00000000)
Net cash dividend/10 shares after tax: CNY1.80000000(CNY2.00000000- CNY0.20000000)
Date: 2012-06-05
Title: FINAL DIVIDEND
The profit distribution proposal for 2011:
1. Cash dividend/10 shares (tax included): CNY2.00000000
2. Bonus issue from profit (share/10 shares):none
3. Bonus issue from capital reserve (share/10 shares):none.
Date: 2012-06-05
Title: EGM-ONLINE
The Company will hold the 1st Extraordinary General Meeting of 2012 at 10:00 on 21 June 2012.

Meeting agenda:
1. 2011 profit distribution plan: 1) Cash dividend/10 shares (tax included): 2.0000 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 15 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: 21 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: 21 June 2012
Voting code:362670
Voting abbreviation:Huasheng 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 20 June 2012 to 21 June 2012.
Date: 2012-04-13
Title: IPO SHARE LISTING
The Company issued a total of 50 million shares (code:002670) in its initial public offering. Of the shares,40 million shares will be listed on the Shenzhen Stock Exchange on 16 April 2012 while the remainder will become tradable three months later.
Date: 2012-04-05
Title: IPO-ONLINE SUBSCRIPTION
Guangdong Huasheng Electrical Appliances Co., Ltd. has been approved by the China Securities Regulatory Commission (the CSRC) to issue 50.000000 million A-shares in its initial public offering.
1. Class: A shares
2. Stock code: 002670
3. Stock abbreviation: Huasheng
4. Issuing volume: 50.000000 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: 10.000000 million shares
9. Online offering volume: 40.000000 million shares
10. Price: CNY7.30 per share
11. Offline subscription period: 06 April 2012
12. Online subscription date: 06 April 2012.
Date: 2012-03-23
Title: IPO
Guangdong Huasheng Electrical Appliances Co., Ltd. has been approved by the China Securities Regulatory Commission (the CSCR) to issue 50.0000 million A-shares in its initial public offering, which is structured as follows:
1.Class: A shares
2.Size: 50.0000 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: 10.0000 million shares
7.Online offering volume:40.0000 million shares
8.IPO price inquiry period: from 26 March 2012 to 29 March 2012
9.IPO price determined: 05 April 2012
10.Offline subscription date:06 April 2012
11.Online subscription date: 06 April 2012
12.Expected listing date:N/A.