Guangzhou Echom Sci.&Tech. Co,. Ltd.



Quote for Guangzhou Echom Sci.&Tech. Co,. Ltd.

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Symbol/Code:
002420
Status:
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Stock Type:
A Share
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Currency in CNY Time=UTC+8002420 quote

Summary for Guangzhou Echom Sci.&Tech. Co,. Ltd.

GuangZhou Echom Sci. & Tech. Co,. LTD. is principally engaged in the design, manufacture and distribution of television external structure components. The Company's major products are external structure components for cathode ray tube (CRT) televisions, external structure components for plat panel televisions, external structure components for air conditioners, external structure components for refrigerators, external structure components for washing machines, external structure components for automobiles and other external structure components. The Company distributes its products in domestic and overseas markets.

Profile for Guangzhou Echom Sci.&Tech. Co,. Ltd.

Full Name:Guangzhou Echom Sci.&Tech. Co,. Ltd.
Full Name in Chinese:广州毅昌科技股份有限公司 Short Name in Chinese:毅昌股份
Symbol/Stock Code:
002420
Listed in:
Shenzhen Stock Exchange
Issued Capital
-
Negotiable Capital:
-
Chairman:
Xian Ran
Secretary of the Board:
Yang Huan
Phone:
+86-20-32200889
Fax:
+86-20-32200887
Official Website:www.echom.com
E-mail:zhengquan@echom.com
Address:No. 29, Kefeng Road,Science City, High-Tech Industri,Guangzhou GNG 510663
IPO Subscription Date:
2010-05-19
Listing Date:
2010-06-01
IPO Issued Capital:
63000000
IPO Price:
13.8 CNY
IPO fees:
56309500 CNY
Money Raised by IPO:
869400000 CNY
IPO Par Value:
1.00 CNY
Net Money Raised:
813090500 CNY
Open(Listing day):
13.80 CNY
Close(Listing day):
14.76 CNY
Diluted P/E ratio after IPO:
48.7600
Turnover rate(listing day):
73.00%

Financials for Guangzhou Echom Sci.&Tech. Co,. Ltd.

UPDATE:2012-10-22 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)
40.2781
35.7142
136.815
122.0354
Net Profit Growth(%)
-19.07
-73.89
12.11
71.67
Return On Equity(ROE)(%)
2.50
2.26
8.62
19.24
Debt ratio(%)
47.96
46.31
36.52
55.70
Net Operating Cash Flow/Net Profit(%)
404.31
-281.06
-79.59
156.97

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)
0.1000
0.0900
0.3700
0.3600
Diluted Earnings Per Share
0.0000
0.0500
0.3500
0.3400
Net Asset Value Per Share (NAVPS)
4.0200
3.9500
3.9600
1.8800
Additional Paid-In Capital Per Share
1.9885
1.9885
1.9878
0.1311
Retained Earnings Per Share
0.9616
0.8911
0.9051
0.6844
Net Cash Flow From Operatings Activities Per Share
0.4100
-0.2500
-0.2700
0.5700
Net Cash Flow Per Share
-0.1770
-0.5038
0.8769
0.3843

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)
3165.3352
3017.3318
2554.4817
1486.8855
Total Liabilities(Million)
1518.1362
1397.3284
933.0562
828.2538
Current Liabilities(Million)
1381.9346
1271.7843
842.7086
793.7992
Long Term Liabilities(Million)
-
-
-
-
Cash And Cash Equivalents(Million)
396.1183
475.9991
673.3783
310.7351
Accounts Receivables(Million)
615.7677
627.1685
457.5337
459.2984
Deposit Received(Million)
25.6004
31.782
24.9889
24.0926
Other Receivables(Million)
14.0084
9.0167
5.3
76.626
Bad Debt Reserve(Million)
-
-
-
-
Shareholder's Equity/Owner's Equity(Million)
1611.0732
1582.8382
1586.9504
634.3237
Debt ratio(%)
47.96
46.31
36.52
55.70
Equity Ratio(%)
50.8900
52.4500
62.1200
42.6600
Current Ratio
1.5561
1.6440
2.2311
1.4214
Quick Ratio
1.1502
1.2663
1.8023
1.2275

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)
1822.7976
2222.6387
2006.8366
1674.6209
Net Cash Flow From Operatings Activities(Million)
162.8487
-100.3787
-108.8936
191.5535
Net Cash Flow From Operatings Activities Change(%)
-200.18
-7.82
-156.85
92.96
Net Cash Flow(Million)
-70.9659
-202.038
351.6415
129.8911
Cash From Selling Commodities/Prime Revenue(%)
112.28
102.45
107.86
112.67
Net Cash Flow/Net Profit(%)
-176.19
-565.71
257.02
106.44
Cash Flow From Investing Activities(Million)
-139.7198
-318.5661
-277.3536
-116.4717
Cash Flow From Financing Activities(Million)
-94.348
217.5359
738.7411
54.8865

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)
1623.4645
2169.551
1860.63
1486.3212
Prime Operating Profit(Million)
-
-
-
-
Operating Costs(Million)
46.5937
58.972
46.9669
34.9349
Administrative Costs(Million)
150.4857
162.1485
109.2814
77.1418
Financing Costs(Million)
23.0266
21.0684
11.6404
15.2307
Above Three Costs Change(%)
12.60
44.26
31.88
17.09
Operating Profit(Million)
41.3022
25.2344
158.7975
135.808
Income From Investment(Million)
-
-
-0.0087
-
Government Subsidies(Million)
-
-
-
-
Net Non-Operating Income And Expense(Million)
6.7996
17.556
8.8329
10.2064
Total Profit(Million)
48.1018
42.7904
167.6305
146.0144
Corporate Income Tax(Million)
8.8631
5.632
20.6485
13.5068
Net Profit(Million)
40.2781
35.7142
136.815
122.0354
Gross Profit Ratio(%)
16.53
12.76
17.71
18.36
Operating Margin(%)
2.54
1.16
8.53
9.13
Return On Equity(ROE)(%)
2.50
2.26
8.62
19.24

Announcements for Guangzhou Echom Sci.&Tech. Co,. Ltd.

Date: 2012-06-21
Title: EGM RESOLUTION
The Company held its 1st Extraordinary General Meeting of 2012 on 20 June 2012, during which the following proposal(s) was/were approved:
1. Formulation of profit distribution management system
2. Amendments to the Company's articles of association
3. Formulation of the plan for the shareholders' profit return for the next three years(2012-2014).
Date: 2012-06-05
Title: EGM-SPOT
The Company will hold the 1st Extraordinary General Meeting of 2012 at 10:00 on 20 June 2012.

Meeting agenda:
1. Formulation of profit distribution management system
2. Amendments to the Company's articles of association
3. Formulation of the plan for the shareholders' profit return for the next three years(2012-2014)

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: 19 June 2012
Date: 2012-05-03
Title: AGM RESOLUTION
The Company held its Annual General Meeting of 2011 on 02 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 annual report and its summary
5. 2011 profit distribution plan
6. Reappointment of audit firm and payment of audit fee
7. Application for comprehensive credit line to banks
The detailed profit distribution plan are as follows:
1) Cash dividend/10 shares (tax included): CNY0.30000000
2) Bonus issue from profit (share/10 shares): none
3) Bonus issue from capital reserve (share/10 shares): none.
Date: 2012-04-10
Title: FINAL DIVIDEND
The Company issued its 2011 annual report on 10 April 2012.

The profit distribution proposal for 2011:
1. Cash dividend/10 shares (tax included): CNY0.30000000
2. Bonus issue from profit (share/10 shares):none
3. Bonus issue from capital reserve (share/10 shares):none.
Date: 2012-04-10
Title: AGM-SPOT
The Company will hold the 2011 Annual General Meeting at 14:30 on 02 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 annual report and its summary
5. 2011 profit distribution plan
6. Reappointment of audit firm and payment of audit fee
7. Application for comprehensive credit line to banks
The detailed profit distribution plan are as follows:
1) Cash dividend/10 shares (tax included): CNY0.30000000
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 25 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: 27 April 2012
Date: 2011-12-21
Title: EGM RESOLUTION
The Company held its 3rd Extraordinary General Meeting of 2011 on 20 December 2011, during which the following proposal(s) was/were approved:
1. Cancellation on issue of short-term commercial paper
2. The Company's eligibility for issue of corporate bonds
3. Scheme for the Company's issue of corporate bonds
4. Authorization to the board to handle matters in relation to the issue and listing of corporate bonds
5. Expansion of the Company's business scope
6. Amendments to the Company's articles of association.
Date: 2011-08-09
Title: EGM RESOLUTION
The Company held its 2nd EGM of 2011 on 06 August 2011, during which the following proposal(s) was/were approved:
1. Issue of short term financing bills
2. Decision-making authority for the board of directors.
Date: 2011-07-22
Title: EGM-SPOT
THE CO WILL HOLD THE 2ND EGM OF 2011 AT 10:00 ON 06AUG11.

MEETING AGENDA:
1. ISSUE OF SHORT TERM FINANCING BILLS
2. DECISION-MAKING AUTHORITY FOR THE BOARD OF DIRECTORS

MEETING ATTENDEES:
1. A-SHARE HOLDERS REGISTERED AT CSDCC SZN AFTER THE CLOSE OF TRADING ON 02AUG11 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: 05AUG11
Date: 2011-06-03
Title: DIVIDEND IMPLEMENTATION (CASH ONLY)
2010 FINAL DISTRIBUTION PLAN TO BE IMPLEMENTED (A SHARES):

1. CASH DIVIDEND/10 SHARES (TAX INCLUDED): CNY1.000000
2. BONUS ISSUE FROM PROFIT (SHARE/10 SHARES): NONE
3. BONUS ISSUE FROM CAPITAL RESERVE (SHARE/10 SHARES): NONE


RECORD DATE: 10JUN11
EX-DATE: 13JUN11
PAYMENT DATE: 13JUN11

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: CNY0.100000(10 PERCENT X CNY1.000000)
NET CASH DIVIDEND/10 SHARES AFTER TAX: CNY0.900000(CNY1.000000- CNY0.100000)
Date: 2011-06-01
Title: RESTRICTED SHARE LISTING
THE CO'S 82,180,000 RESTRICTED A-SHARES WILL BE LISTED ON THE SHENZHEN STOCK EXCHANGE AS OF 02JUN11.