Guangdong Vanward New Electric Co.,Ltd.



Quote for Guangdong Vanward New Electric Co.,Ltd.

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Symbol/Code:
002543
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Stock Type:
A Share
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Currency in CNY Time=UTC+8002543 quote

Summary for Guangdong Vanward New Electric Co.,Ltd.

GUANGDONG VANWARD NEW ELECTRIC CO., LTD is principally engaged in the research, development, manufacture and distribution of kitchen and bathroom electric appliances. The Company primarily provides gas water heaters, gas heating water heaters, electrical water heaters, gas cooking stoves, disinfection cabinets, induction cookers, smoke exhaust ventilators, electrical water boilers, air fresheners, pulse transformers, refrigerator deodorisers, sauna cases, gas air conditioners, as well as gas appliances and the related fittings, among others. The Company distributes its products in domestic and overseas markets.

Profile for Guangdong Vanward New Electric Co.,Ltd.

Full Name:Guangdong Vanward New Electric Co.,Ltd.
Full Name in Chinese:广东万和新电气股份有限公司 Short Name in Chinese:万和电气
Symbol/Stock Code:
002543
Listed in:
Shenzhen Stock Exchange
Issued Capital
-
Negotiable Capital:
-
Chairman:
Lu Chuqi
Secretary of the Board:
Lin Jianming
Phone:
+86-757-28382828
Fax:
+86-757-28382828
Official Website:www.chinavanward.com
E-mail:vw@chinavanward.com
Address:No. 13 Jianye Middle Road,Shunde Hi-tech Zone (Ronggui),Foshan 528305
IPO Subscription Date:
2011-01-19
Listing Date:
2011-01-28
IPO Issued Capital:
50000000
IPO Price:
30 CNY
IPO fees:
78507700 CNY
Money Raised by IPO:
1500000000 CNY
IPO Par Value:
1.00 CNY
Net Money Raised:
1421492300 CNY
Open(Listing day):
28.35 CNY
Close(Listing day):
28.03 CNY
Diluted P/E ratio after IPO:
49.1800
Turnover rate(listing day):
17.99%

Financials for Guangdong Vanward New Electric 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)
176.8122
204.2874
185.8694
125.7924
Net Profit Growth(%)
5.46
9.90
47.75
151.09
Return On Equity(ROE)(%)
7.79
9.49
32.13
31.99
Debt ratio(%)
22.02
20.74
53.67
62.97
Net Operating Cash Flow/Net Profit(%)
92.02
-97.69
48.79
240.22

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)
0.8800
1.0400
1.2400
0.8400
Diluted Earnings Per Share
0.0000
0.9700
1.2100
0.8200
Net Asset Value Per Share (NAVPS)
11.3500
10.7700
3.8600
2.6200
Additional Paid-In Capital Per Share
7.5144
7.5144
0.8759
0.8759
Retained Earnings Per Share
2.6589
2.1151
1.8746
0.7060
Net Cash Flow From Operatings Activities Per Share
0.8100
-1.0000
0.6000
2.0100
Net Cash Flow Per Share
-0.7241
4.6593
-0.2920
-0.0908

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)
2959.3441
2759.0246
1302.9188
1096.5708
Total Liabilities(Million)
651.8715
572.2767
699.3967
690.5631
Current Liabilities(Million)
648.9772
572.2767
699.3967
690.5631
Long Term Liabilities(Million)
-
-
-
-
Cash And Cash Equivalents(Million)
838.7004
978.509
41.3186
85.1213
Accounts Receivables(Million)
202.9316
226.8156
145.4608
120.8461
Deposit Received(Million)
100.1396
60.4894
110.4129
137.0326
Other Receivables(Million)
9.499
9.0754
15.9997
4.861
Bad Debt Reserve(Million)
-
-
-
-
Shareholder's Equity/Owner's Equity(Million)
2270.32
2153.4857
578.5234
393.2214
Debt ratio(%)
22.02
20.74
53.67
62.97
Equity Ratio(%)
76.7100
78.0500
44.4000
35.8500
Current Ratio
3.2375
3.6824
1.2160
0.9935
Quick Ratio
2.5810
2.8518
0.6300
0.5714

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)
1671.9392
1960.1434
1976.935
1643.2649
Net Cash Flow From Operatings Activities(Million)
162.7068
-199.5757
90.6802
302.1764
Net Cash Flow From Operatings Activities Change(%)
-264.64
-320.09
-69.99
142.57
Net Cash Flow(Million)
-144.8123
931.8566
-43.8027
-13.6221
Cash From Selling Commodities/Prime Revenue(%)
75.58
74.54
86.21
94.79
Net Cash Flow/Net Profit(%)
-81.90
456.15
-23.57
-10.83
Cash Flow From Investing Activities(Million)
-261.5084
-237.4551
-115.3025
-109.8358
Cash Flow From Financing Activities(Million)
-47.2434
1372.241
-17.241
-205.8527

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)
2212.1881
2629.7651
2293.0742
1733.6551
Prime Operating Profit(Million)
-
-
-
-
Operating Costs(Million)
286.9742
349.9697
291.5828
275.5392
Administrative Costs(Million)
119.1289
129.0334
102.3924
59.1294
Financing Costs(Million)
-16.0568
-5.5941
7.9638
6.1794
Above Three Costs Change(%)
10.19
17.78
17.92
50.79
Operating Profit(Million)
215.6656
239.9717
235.4452
157.0131
Income From Investment(Million)
-0.1656
0.0694
0.001
-0.0324
Government Subsidies(Million)
-
-
-
-
Net Non-Operating Income And Expense(Million)
5.429
17.9379
5.1612
3.8862
Total Profit(Million)
221.0946
257.9096
240.6064
160.8993
Corporate Income Tax(Million)
40.3919
45.3588
42.5246
28.1458
Net Profit(Million)
176.8122
204.2874
185.8694
125.7924
Gross Profit Ratio(%)
28.03
27.92
28.17
29.44
Operating Margin(%)
9.74
9.12
10.26
9.05
Return On Equity(ROE)(%)
7.79
9.49
32.13
31.99

Announcements for Guangdong Vanward New Electric Co.,Ltd.

Date: 2012-10-29
Title: EGM-SPOT
The Company will hold the 4th Extraordinary General Meeting of 2012 at 10:00 on 16 November 2012.

Meeting agenda:
1. Change in the implementing party and location of projects invested with raised funds and adjustment to implementing progress of partial projects
2. Application for credit line to a bank


Meeting attendees:
1. A-share holders registered at CSDCC Shenzhen after the close of trading on 12 November 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 14 November 2012 to 14 November 2012
Date: 2012-09-03
Title: EGM RESOLUTION
The Company held its 3rd Extraordinary General Meeting of 2012 on 31 August 2012, during which the following proposal(s) was/were approved:
1. Reelection of non-independent directors, accumulative voting system applicable
1.1. Election of Lu Chuqi as non-independent director
1.2. Election of Lu Chulong as non-independent director
1.3. Election of Ye Yuanzhang as non-independent director
1.4. Election of Lu Chupeng as non-independent director
2. Reelection of independent directors, accumulative voting system applicable
2.1. Election of Yang Daxing as independent director
2.2. Election of Qi Zhenbiao as independent director
2.3. Election of Huang Hongyan as independent director
3. Reelection of supervisors, accumulative voting system applicable
3.1. Election of Huang Huiguang as shareholder representative supervisor
3.2. Election of Huang Shaoyan as shareholder representative supervisor
4. Amendments to the Company's articles of association
Date: 2012-08-14
Title: EGM-SPOT
The Company will hold the 3rd Extraordinary General Meeting of 2012 at 10:00 on 31 August 2012.

Meeting agenda:
1. Reelection of non-independent directors, accumulative voting system applicable
1.1. Election of Lu Chuqi as non-independent director
1.2. Election of Lu Chulong as non-independent director
1.3. Election of Ye Yuanzhang as non-independent director
1.4. Election of Lu Chupeng as non-independent director
2. Reelection of independent directors, accumulative voting system applicable
2.1. Election of Yang Daxing as independent director
2.2. Election of Qi Zhenbiao as independent director
2.3. Election of Huang Hongyan as independent director
3. Reelection of supervisors, accumulative voting system applicable
3.1. Election of Huang Huiguang as shareholder representative supervisor
3.2. Election of Huang Shaoyan as shareholder representative supervisor
4. Amendments to the Company's articles of association


Meeting attendees:
1. A-share holders registered at CSDCC Shenzhen after the close of trading on 24 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: from 28 August 2012 to 28 August 2012
Date: 2012-08-09
Title: EGM RESOLUTION
The Company held its 2nd Extraordinary General Meeting of 2012 on 08 August 2012, during which the following proposal(s) was/were approved:
1. 2012 continuing connected transactions estimate
Date: 2012-06-29
Title: DIVIDEND IMPLEMENTATION (CASH ONLY)
2011 final distribution plan to be implemented (A shares):

1. Cash dividend/10 shares (tax included): CNY3.00000000
2. Bonus issue from profit (share/10 shares): none
3. Bonus issue from capital reserve (share/10 shares): none


Record date: 05 July 2012
Ex-date: 06 July 2012
Payment date: 06 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: CNY0.30000000(10 percent x CNY3.00000000)
Net cash dividend/10 shares after tax: CNY2.70000000(CNY3.00000000- CNY0.30000000)
Date: 2012-06-19
Title: EGM RESOLUTION
The Company held its 1st Extraordinary General Meeting of 2012 on 18 June 2012, during which the following proposal(s) was/were approved:
1. Amendments to the Company's articles of association
2. To replenish the working capital with partial excessive raised funds.
Date: 2012-06-07
Title: EGM CHANGE
Further to our previous message on 02 June 2012 about the Company's 1st Extraordinary General Meeting of 2012, the Company announced on 07 June 2012 the following changes made with regard to the said meeting:

Additional items to be discussed:
1. To replenish the working capital with partial excessive raised funds
Other information remains unchanged.
Date: 2012-05-17
Title: AGM RESOLUTION
The Company held its Annual General Meeting of 2011 on 16 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. 2011 profit distribution plan
6. Reappointment of audit firm
7. Application for credit line to a bank
8. Application for credit line to another bank
The detailed profit distribution plan are as follows:
1) Cash dividend/10 shares (tax included): CNY3.00000000
2) Bonus issue from profit (share/10 shares): none
3) Bonus issue from capital reserve (share/10 shares): none.
Date: 2012-05-04
Title: AGM CHANGE
Further to our previous message on 23 April 2012 about the Company's Annual General Meeting of 2011, the Company announced on 04 May 2012 the following changes made with regard to the said meeting:

Additional items to be discussed:
1. Application for credit line to a bank
2. Application for credit line to another bank
Other information remains unchanged.
Date: 2012-04-23
Title: FINAL DIVIDEND
The Company issued its 2011 annual report on 23 April 2012.

The profit distribution proposal for 2011:
1. Cash dividend/10 shares (tax included): CNY3.00000000
2. Bonus issue from profit (share/10 shares):none
3. Bonus issue from capital reserve (share/10 shares):none.