Guangdong Qunxing Toys Joint-Stock Co.,Ltd.



Quote for Guangdong Qunxing Toys Joint-Stock Co.,Ltd.

Last Trade:
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Symbol/Code:
002575
Status:
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Stock Type:
A Share
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Currency in CNY Time=UTC+8002575 quote

Summary for Guangdong Qunxing Toys Joint-Stock Co.,Ltd.

Guangdong Qunxing Toys Joint-Stock Co.,LTD is principally engaged in the research, development, design, production and sale of electronic toys. The Company primarily provides toy cars, computer learning machines, baby and child toys, electronic motor cars and toy mobile phones, among others. The Company's toy cars include electronic toy car series and non-electronic toy car series, and its electronic motor cars include remote control car series, engineering truck series and railcar series, among others. The Company distributes its products in domestic markets and to overseas markets, including Europe, the Americas, Africa and the rest of Asia. During the year ended December 31, 2010, the Company obtained approximately 26.11%, 26.05% and 24.78% of its total revenue from the sale of electronic motor cars, toy cars and baby and child toys, respectively.

Profile for Guangdong Qunxing Toys Joint-Stock Co.,Ltd.

Full Name:Guangdong Qunxing Toys Joint-Stock Co.,Ltd.
Full Name in Chinese:广东群兴玩具股份有限公司 Short Name in Chinese:群兴玩具
Symbol/Stock Code:
002575
Listed in:
Shenzhen Stock Exchange
Issued Capital
-
Negotiable Capital:
-
Chairman:
Lin Weizhang
Secretary of the Board:
Zheng Xin
Phone:
+86-754-85505187
Fax:
+86-754-85504287
Official Website:www.qunxingtoys.com
E-mail:info@qunxingtoys.com
Address:Laimei Industrial Zone,Development Experimental Zone, C,SHANTOU GNG 515800
IPO Subscription Date:
2011-04-14
Listing Date:
2011-04-22
IPO Issued Capital:
33800000
IPO Price:
20 CNY
IPO fees:
62502200 CNY
Money Raised by IPO:
676000000 CNY
IPO Par Value:
1.00 CNY
Net Money Raised:
613497800 CNY
Open(Listing day):
20.80 CNY
Close(Listing day):
19.32 CNY
Diluted P/E ratio after IPO:
48.7800
Turnover rate(listing day):
36.86%

Financials for Guangdong Qunxing Toys Joint-Stock 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)
42.9606
52.3727
57.6078
39.0363
Net Profit Growth(%)
-16.96
-9.08
47.57
71.62
Return On Equity(ROE)(%)
4.86
6.13
30.65
29.94
Debt ratio(%)
3.70
2.17
39.09
48.26
Net Operating Cash Flow/Net Profit(%)
71.37
-50.71
73.39
64.38

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)
0.3200
0.4274
0.5761
0.4800
Diluted Earnings Per Share
0.0000
0.4174
0.5530
0.4500
Net Asset Value Per Share (NAVPS)
6.6000
6.3800
1.8800
2.0500
Additional Paid-In Capital Per Share
4.5489
4.5489
0.2894
0.2089
Retained Earnings Per Share
0.9423
0.7212
0.4937
0.7261
Net Cash Flow From Operatings Activities Per Share
0.2300
-0.2000
0.4200
0.3100
Net Cash Flow Per Share
-0.7865
3.0292
0.3084
0.1358

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)
917.4149
872.7616
308.6419
251.9895
Total Liabilities(Million)
34.0141
18.9568
120.6694
121.6248
Current Liabilities(Million)
31.5691
16.1094
117.0853
121.6248
Long Term Liabilities(Million)
-
-
-
-
Cash And Cash Equivalents(Million)
347.9531
453.1859
47.8839
17.0436
Accounts Receivables(Million)
97.4161
42.7175
24.348
20.7861
Deposit Received(Million)
6.3614
1.2352
0.7327
1.8417
Other Receivables(Million)
13.3185
11.0403
7.3497
8.5304
Bad Debt Reserve(Million)
-
-
-
-
Shareholder's Equity/Owner's Equity(Million)
883.4008
853.8048
187.9725
130.3647
Debt ratio(%)
3.70
2.17
39.09
48.26
Equity Ratio(%)
96.2900
97.8200
60.9000
51.7300
Current Ratio
24.1107
44.9726
1.5466
1.0391
Quick Ratio
20.5316
36.7347
0.9345
0.6165

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)
405.8408
514.6046
484.3578
376.3414
Net Cash Flow From Operatings Activities(Million)
30.6621
-26.5582
42.276
25.1332
Net Cash Flow From Operatings Activities Change(%)
-139.35
-162.82
68.21
-171.73
Net Cash Flow(Million)
-105.2328
405.302
30.8403
8.6376
Cash From Selling Commodities/Prime Revenue(%)
96.44
104.45
104.01
104.83
Net Cash Flow/Net Profit(%)
-244.95
773.88
53.53
22.13
Cash Flow From Investing Activities(Million)
-122.5479
-82.3452
-15.6319
-57.9582
Cash Flow From Financing Activities(Million)
-13.38
514.2436
4.1961
41.4625

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)
420.8072
492.7035
465.6953
359.0015
Prime Operating Profit(Million)
-
-
-
-
Operating Costs(Million)
19.0048
25.5973
21.6068
17.775
Administrative Costs(Million)
39.2239
54.4712
47.4044
39.6011
Financing Costs(Million)
-8.6531
-2.7128
5.5103
3.2072
Above Three Costs Change(%)
-16.87
3.80
23.01
42.75
Operating Profit(Million)
45.4559
59.0216
63.2701
42.462
Income From Investment(Million)
-
-
0.1786
0.144
Government Subsidies(Million)
-
-
-
-
Net Non-Operating Income And Expense(Million)
4.1285
1.3165
3.3472
2.607
Total Profit(Million)
49.5844
60.3381
66.6173
45.069
Corporate Income Tax(Million)
6.6238
7.9654
9.0095
6.0327
Net Profit(Million)
42.9606
52.3727
57.6078
39.0363
Gross Profit Ratio(%)
23.71
28.50
30.15
29.10
Operating Margin(%)
10.80
11.97
13.58
11.82
Return On Equity(ROE)(%)
4.86
6.13
30.65
29.94

Announcements for Guangdong Qunxing Toys Joint-Stock Co.,Ltd.

Date: 2012-09-12
Title: EGM RESOLUTION
The Company held its 1st Extraordinary General Meeting of 2012 on 11 September 2012, during which the following proposal(s) was/were approved:
1. Amendments to the Company's articles of association
2. The Company's shareholder return plan for the next three years from 2012 to 2014
3. Formulation of dividend management system
Date: 2012-08-27
Title: EGM-SPOT
The Company will hold the 1st Extraordinary General Meeting of 2012 at 10:00 on 11 September 2012.

Meeting agenda:
1. Amendments to the Company's articles of association
2. The Company's shareholder return plan for the next three years from 2012 to 2014
3. Formulation of dividend management system


Meeting attendees:
1. A-share holders registered at CSDCC Shenzhen after the close of trading on 06 September 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 07 September 2012 to 07 September 2012
Date: 2012-06-20
Title: DIVIDEND IMPLEMENTATION (CASH ONLY)
2011 final distribution plan to be implemented (A shares):

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


Record date: 26 June 2012
Ex-date: 27 June 2012
Payment date: 27 June 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: CNY0.10000000(10 percent x CNY1.00000000)
Net cash dividend/10 shares after tax: CNY0.90000000(CNY1.00000000- CNY0.10000000)
Date: 2012-05-16
Title: AGM RESOLUTION
The Company held its Annual General Meeting of 2011 on 15 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 financial resolution report
4. 2011 profit distribution plan
5. 2011 annual report and its summary
6. Reappointment of 2012 audit firm and mandate the chairman of the board to determine its audit fee
7. Special report on the deposit and use of raised funds in 2011
8. Adjustment to the remuneration(allowances) for directors, supervisors and senior management
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: 2012-04-25
Title: FINAL DIVIDEND
The Company issued its 2011 annual report on 25 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: 2012-04-25
Title: AGM-SPOT
The Company will hold the 2011 Annual General Meeting at 10:00 on 15 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. Reappointment of 2012 audit firm and mandate the chairman of the board to determine its audit fee
7. Special report on the deposit and use of raised funds in 2011
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 09 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: 10 May 2012
Date: 2011-10-19
Title: EGM RESOLUTION
The Company held its 1st Extraordinary General Meeting of 2011 on 18 October 2011, during which the following proposal(s) was/were approved:
1. Change of 2011 audit firm.
Date: 2011-09-29
Title: EGM-SPOT
The Company will hold the 1st Extraordinary General Meeting of 2011 at 10:00 on 18 October 2011.

Meeting agenda:
1. Change of 2011 audit firm

Meeting attendees:
1. A-share holders registered at CSDCC Shenzhen after the close of trading on 13 October 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: 14 October 2011
Date: 2011-07-19
Title: PLACING SHARE LISTING
THE CO'S 6.72 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 22JUL11.
Date: 2011-05-31
Title: AGM RESOLUTION
THE CO HELD ITS 2010 AGM ON 30MAY11, 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. 2010 PROFIT DISTRIBUTION PREPLAN
5. RE-APPOINTMENT OF AUDIT FIRM AND AUTHORIZATION TO THE CHAIRMAN OF THE BOARD TO DECIDE ITS AUDIT FEE
6. 2010 WORK REPORT OF INDEPENDENT DIRECTORS
7. USE OF EXCESS RAISED FUNDS TO REPAY BANK LOAN AND PERMANENTLY REPLENISH WORKING CAPITAL
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