Guangzheng Steel Structure Co.,Ltd.



Quote for Guangzheng Steel Structure Co.,Ltd.

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Symbol/Code:
002524
Status:
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Stock Type:
A Share
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Currency in CNY Time=UTC+8002524 quote

Summary for Guangzheng Steel Structure Co.,Ltd.

Guangzheng Steel Structure Co., Ltd. is principally engaged in the design, production and installation of steel structure. The Company mainly provides light steel structure, heavy steel structure, steel space structure and light steel integrated housing products, among others. Its steel structure are mainly applied in industrial plant facilities, commercial high buildings, sports stadiums and other civil constructions. During the year ended December 31, 2010, the Company obtained approximately 49% and 45% of its total revenue from the sale of light steel structure and heavy steel structure, respectively.

Profile for Guangzheng Steel Structure Co.,Ltd.

Full Name:Guangzheng Steel Structure Co.,Ltd.
Full Name in Chinese:光正钢结构股份有限公司 Short Name in Chinese:光正钢构
Symbol/Stock Code:
002524
Listed in:
Shenzhen Stock Exchange
Issued Capital
-
Negotiable Capital:
-
Chairman:
Zhou Yonglin
Secretary of the Board:
Jiang Yong
Phone:
+86-991-3766551
Fax:
+86-991-3766551
Official Website:www.gzss.cc
E-mail:postmaster@gzss.cc
Address:No.105 Shanghai Road,Economic and Technology Develo,WULUMUQI XNJ 830026
IPO Subscription Date:
2010-12-08
Listing Date:
2010-12-17
IPO Issued Capital:
22600000
IPO Price:
15.18 CNY
IPO fees:
25458100 CNY
Money Raised by IPO:
343068000 CNY
IPO Par Value:
1.00 CNY
Net Money Raised:
317609900 CNY
Open(Listing day):
34.00 CNY
Close(Listing day):
39.70 CNY
Diluted P/E ratio after IPO:
78.2500
Turnover rate(listing day):
90.83%

Financials for Guangzheng Steel Structure Co.,Ltd.

UPDATE:2012-10-23 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)
16.1291
24.3436
22.2962
19.0872
Net Profit Growth(%)
4.28
9.18
16.81
-14.66
Return On Equity(ROE)(%)
3.21
4.97
4.77
14.71
Debt ratio(%)
40.82
33.61
32.44
62.02
Net Operating Cash Flow/Net Profit(%)
53.32
-51.86
-83.16
55.19

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)
0.0700
0.1300
0.1400
0.2800
Diluted Earnings Per Share
0.0000
0.1100
0.1200
0.2600
Net Asset Value Per Share (NAVPS)
2.3100
2.7100
5.1800
1.9100
Additional Paid-In Capital Per Share
0.8900
1.2680
3.5361
0.3626
Retained Earnings Per Share
0.3498
0.3505
0.5088
0.4325
Net Cash Flow From Operatings Activities Per Share
0.0400
-0.0700
-0.2100
0.1600
Net Cash Flow Per Share
-0.3599
-0.8051
3.3679
0.0979

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)
848.4657
737.2654
692.5661
341.7091
Total Liabilities(Million)
346.4165
247.8529
224.6859
211.9513
Current Liabilities(Million)
277.7387
178.2747
164.2145
202.0981
Long Term Liabilities(Million)
-
-
-
-
Cash And Cash Equivalents(Million)
133.9029
211.9782
349.4833
56.6064
Accounts Receivables(Million)
178.6997
165.9796
112.9841
94.706
Deposit Received(Million)
26.5431
11.1964
9.6512
14.1662
Other Receivables(Million)
37.025
11.5517
11.918
12.556
Bad Debt Reserve(Million)
-
-
-
-
Shareholder's Equity/Owner's Equity(Million)
502.0491
489.4124
467.8802
129.7578
Debt ratio(%)
40.82
33.61
32.44
62.02
Equity Ratio(%)
59.1700
66.3800
67.5500
37.9700
Current Ratio
1.7343
2.8156
3.4798
1.1897
Quick Ratio
1.3905
2.4770
3.1887
0.9187

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)
212.6681
288.7839
303.6438
185.2567
Net Cash Flow From Operatings Activities(Million)
8.6003
-12.6239
-18.5404
10.5351
Net Cash Flow From Operatings Activities Change(%)
-6.35
-31.91
-275.99
102.09
Net Cash Flow(Million)
-78.0754
-145.5366
304.394
6.6335
Cash From Selling Commodities/Prime Revenue(%)
64.04
67.72
79.54
67.11
Net Cash Flow/Net Profit(%)
-484.07
-597.84
1365.23
34.75
Cash Flow From Investing Activities(Million)
-147.1269
-103.9933
-23.6636
-35.6736
Cash Flow From Financing Activities(Million)
60.4513
-28.9193
346.598
31.7721

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)
332.0954
426.4293
381.7374
276.0347
Prime Operating Profit(Million)
-
-
-
-
Operating Costs(Million)
2.6881
5.038
4.2076
2.2494
Administrative Costs(Million)
16.7828
21.8999
16.7428
11.8244
Financing Costs(Million)
3.7882
1.0266
3.6717
1.2872
Above Three Costs Change(%)
38.94
13.57
60.29
40.00
Operating Profit(Million)
17.3121
23.1516
23.6647
21.7556
Income From Investment(Million)
-
-
-
-
Government Subsidies(Million)
-
-
-
-
Net Non-Operating Income And Expense(Million)
1.2696
6.0326
3.7944
1.8144
Total Profit(Million)
18.5818
29.1842
27.4592
23.57
Corporate Income Tax(Million)
2.4527
4.8406
5.1629
4.4828
Net Profit(Million)
16.1291
24.3436
22.2962
19.0872
Gross Profit Ratio(%)
13.66
14.17
13.56
16.45
Operating Margin(%)
5.21
5.42
6.19
7.88
Return On Equity(ROE)(%)
3.21
4.97
4.77
14.71

Announcements for Guangzheng Steel Structure Co.,Ltd.

Date: 2012-09-25
Title: RESTRICTED SHARE LISTING
Among the Company's 1626600 restricted shares to be unlocked on 26 September 2012, 1626600 of them will be tradable on the Shenzhen Stock Exchange on that day.
Date: 2012-08-21
Title: EGM RESOLUTION
The Company held its 5th Extraordinary General Meeting of 2012 on 20 August 2012, during which the following proposal(s) was/were approved:
1. Participation in Urumchi small and medium-sized enterprises collective notes issued by a bank
Date: 2012-08-03
Title: EGM-SPOT
The Company will hold the 5th Extraordinary General Meeting of 2012 at 11:00 on 20 August 2012.

Meeting agenda:
1. Participation in Urumchi small and medium-sized enterprises collective notes issued by a bank


Meeting attendees:
1. A-share holders registered at CSDCC Shenzhen after the close of trading on 16 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: 17 August 2012
Date: 2012-07-20
Title: EGM RESOLUTION
The Company held its 4th Extraordinary General Meeting of 2012 on 19 July 2012, during which the following proposal(s) was/were approved:
1. Amendments to the Company's articles of association
2. The plan for the shareholders' profit return for the next three years(2012-2014)
3. Demonstration report on the plan for the shareholders' profit return
4. Profit distribution management system
5. 2012 application for comprehensive credit line to commercial banks.
Date: 2012-05-23
Title: EGM RESOLUTION
The Company held its 3rd Extraordinary General Meeting of 2012 on 22 May 2012, during which the following proposal(s) was/were approved:
1. Amendments to the Company's articles of association
2. The Company's eligibility for non-public share offering
3. Adjustment to scheme for non-public share offering
4. Preplan for non-public share offering(revision)
5. Report on use of previously raised funds
6. Feasibility report on use of proceeds from the non-public share offering
7. Authorization to the board to handle matters in relation to non-public share offering.
Date: 2012-05-09
Title: DIVIDEND IMPLEMENTATION (CASH AND BONUS ISSUE)
2011 final distribution plan to be implemented (A shares):

1. Cash dividend/10 shares (tax included): CNY0.20000000
2. Bonus issue from profit (share/10 shares): none
3. Bonus issue from capital reserve (share/10 shares): 2.0000


Record date: 14 May 2012
Ex-date: 15 May 2012
Payment date: 15 May 2012
Listing date of the bonus issues: 15 May 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: CNY0.02000000(10 percent x CNY0.20000000)
Net cash dividend/10 shares after tax: CNY0.18000000(CNY0.20000000- CNY0.02000000)
Date: 2012-04-27
Title: RESTRICTED SHARE LISTING
Among the Company's 4543300 restricted shares to be unlocked on 02 May 2012, 4543300 of them will be tradable on the Shenzhen Stock Exchange on that day.
Date: 2012-03-30
Title: AGM REMINDER
The Company will hold the 2011 Annual General Meeting at 10:30 on 20 April 2012.

Meeting agenda:
1. 2011 work report of the board of directors
2. 2011 work report of the supervisory committee
3. 2011 annual report and its summary
4. 2011 financial resolution report
5. 2011 profit distribution plan
6. Appointment of 2012 audit firm
7. Eligibility for non-public share offering
8. Preplan for non-public share offering
9. Scheme for non-public share offering
10. Statement on the use of previously raised funds
11. Feasibility analysis report on the use of funds to be raised from the non-public share offering
12. Mandate to the board to handle matters in relation to the non-public share offering
1) Cash dividend/10 shares (tax included): CNY0.20000000
2) Bonus issue from profit (share/10 shares): none
3) Bonus issue from capital reserve (share/10 shares): 2.0000

Meeting attendees:
1. A-share holders registered at CSDCC Shenzhen after the close of trading on 17 April 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: 18 April 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: 20 April 2012
Voting code:362524
Voting abbreviation:Guangzheng Steel Structure 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 19 April 2012 to 20 April 2012.
Date: 2012-03-29
Title: AGM-ONLINE
The Company will hold the 2011 Annual General Meeting at 10:30 on 20 April 2012.

Meeting agenda:
1. 2011 work report of the board of directors
2. 2011 work report of the supervisory committee
3. 2011 annual report and its summary
4. 2011 financial resolution report
5. 2011 profit distribution plan
6. Appointment of 2012 audit firm
7. Eligibility for non-public share offering
8. Preplan for non-public share offering
9. Scheme for non-public share offering
10. Statement on the use of previously raised funds
11. Feasibility analysis report on the use of funds to be raised from the non-public share offering
12. Mandate to the board to handle matters in relation to the non-public share offering
The detailed profit distribution plan are as follows:
1) Cash dividend/10 shares (tax included): CNY0.20000000
2) Bonus issue from profit (share/10 shares): none
3) Bonus issue from capital reserve (share/10 shares): 2.0000

Meeting attendees:
1.A-share holders registered at CSDCC Shenzhen after the close of trading on 17 April 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: 18 April 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: 20 April 2012
Voting code:362524
Voting abbreviation:Guangzheng Steel Structure 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 19 April 2012 to 20 April 2012.
Date: 2012-03-28
Title: FINAL DIVIDEND
The Company issued its 2011 annual report on 28 March 2012.

The profit distribution proposal for 2011:
1. Cash dividend/10 shares (tax included): CNY0.20000000
2. Bonus issue from profit (share/10 shares):none
3. Bonus issue from capital reserve (share/10 shares):2.0000.