Henan Billions Chemicals Co., Ltd.



Quote for Henan Billions Chemicals Co., Ltd.

Last Trade:
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Symbol/Code:
002601
Status:
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Stock Type:
A Share
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Currency in CNY Time=UTC+8002601 quote

Summary for Henan Billions Chemicals Co., Ltd.

Henan Billions Chemicals Co., Ltd. is principally engaged in the manufacture and distribution of chemical raw materials and chemical products. The Company primarily provides titanium oxide powders, primarily including rutile type titanium dioxide powders, which are applied in paints, plastics, paper making, rubber, printing oil, daily chemicals, electronic industry, micro electro-mechanic and environment protection industries, as well as zirconium products and aluminum sulfate, among others. During the year ended December 31, 2010, the Company produced approximately 102,100 tons of titanium dioxide powders. It distributes its products in domestic and overseas markets.

Profile for Henan Billions Chemicals Co., Ltd.

Full Name:Henan Billions Chemicals Co., Ltd.
Full Name in Chinese:河南佰利联化学股份有限公司 Short Name in Chinese:佰利联
Symbol/Stock Code:
002601
Listed in:
Shenzhen Stock Exchange
Issued Capital
-
Negotiable Capital:
-
Chairman:
Xu Gang
Secretary of the Board:
Guo Xu
Phone:
+86-391-3126666
Fax:
+86-391-3126111
Official Website:www.billionschem.com
E-mail:bllwex135@sina.com
Address:Fengfeng Office,Jiaoke Road, Zhongzhan District,JIAOZUO HEN 454191
IPO Subscription Date:
2011-07-06
Listing Date:
2011-07-15
IPO Issued Capital:
24000000
IPO Price:
55 CNY
IPO fees:
61818400 CNY
Money Raised by IPO:
1320000000 CNY
IPO Par Value:
- CNY
Net Money Raised:
1258181600 CNY
Open(Listing day):
95.00 CNY
Close(Listing day):
102.68 CNY
Diluted P/E ratio after IPO:
33.4800
Turnover rate(listing day):
91.57%

Financials for Henan Billions Chemicals 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)
184.4
359.475
161.6929
51.7427
Net Profit Growth(%)
-43.36
122.31
212.49
303.07
Return On Equity(ROE)(%)
8.64
17.82
40.51
20.02
Debt ratio(%)
29.11
26.70
71.27
75.03
Net Operating Cash Flow/Net Profit(%)
-34.18
-8.07
121.90
91.83

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)
0.9800
4.4900
2.3100
0.7400
Diluted Earnings Per Share
0.0000
4.5100
2.2100
0.6700
Net Asset Value Per Share (NAVPS)
11.3600
21.4600
5.7000
3.6900
Additional Paid-In Capital Per Share
6.4844
13.9688
1.1270
1.1270
Retained Earnings Per Share
3.5380
5.8143
3.1827
1.4057
Net Cash Flow From Operatings Activities Per Share
-0.3400
-0.3100
2.8200
0.6800
Net Cash Flow Per Share
-0.3378
7.8963
0.2702
1.6775

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)
3012.4793
2751.6188
1389.5399
1035.1953
Total Liabilities(Million)
877.0904
734.8299
990.4076
776.756
Current Liabilities(Million)
577.0904
734.8299
593.0487
507.4432
Long Term Liabilities(Million)
-
-
-
-
Cash And Cash Equivalents(Million)
949.6124
1045.1307
272.1502
240.468
Accounts Receivables(Million)
165.7702
91.298
116.8311
54.9007
Deposit Received(Million)
16.1215
35.1854
11.3159
4.0638
Other Receivables(Million)
0.922
0.2989
2.7467
6.9618
Bad Debt Reserve(Million)
-
-
-
-
Shareholder's Equity/Owner's Equity(Million)
2135.3889
2016.7889
399.1323
258.4393
Debt ratio(%)
29.11
26.70
71.27
75.03
Equity Ratio(%)
70.8800
73.2900
28.7200
24.9600
Current Ratio
3.1893
2.4407
1.1383
0.9274
Quick Ratio
2.4544
2.0370
0.8620
0.7212

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)
1197.4283
1746.0258
1059.7238
522.8733
Net Cash Flow From Operatings Activities(Million)
-63.0331
-29.0036
197.1102
47.5153
Net Cash Flow From Operatings Activities Change(%)
-462.13
-114.71
314.84
29.53
Net Cash Flow(Million)
-63.5077
742.2505
18.9122
117.4242
Cash From Selling Commodities/Prime Revenue(%)
80.21
91.60
84.98
67.13
Net Cash Flow/Net Profit(%)
-34.44
206.48
11.70
226.94
Cash Flow From Investing Activities(Million)
-165.0697
-167.2907
-211.51
-47.8868
Cash Flow From Financing Activities(Million)
164.4113
940.5786
35.8513
118.1619

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)
1492.9001
1906.1322
1247.0037
778.8567
Prime Operating Profit(Million)
-
-
-
-
Operating Costs(Million)
41.1656
66.6941
41.079
30.3231
Administrative Costs(Million)
86.225
105.0442
65.2369
49.6034
Financing Costs(Million)
-0.9444
30.2006
29.8556
23.6221
Above Three Costs Change(%)
-19.22
48.30
31.50
16.15
Operating Profit(Million)
216.2427
423.412
177.5741
53.5077
Income From Investment(Million)
0.4037
0.7286
0.51
0.7069
Government Subsidies(Million)
-
-
-
-
Net Non-Operating Income And Expense(Million)
1.0694
-1.6062
8.6595
5.8979
Total Profit(Million)
217.3121
421.8058
186.2336
59.4057
Corporate Income Tax(Million)
32.9121
62.3309
24.5407
7.663
Net Profit(Million)
184.4
359.475
161.6929
51.7427
Gross Profit Ratio(%)
23.80
33.26
25.81
20.87
Operating Margin(%)
14.48
22.21
14.24
6.87
Return On Equity(ROE)(%)
8.64
17.82
40.51
20.02

Announcements for Henan Billions Chemicals Co., Ltd.

Date: 2012-08-01
Title: EGM REMINDER
The Company will hold the 2nd Extraordinary General Meeting of 2012 at 14:30 on 03 August 2012.

Meeting agenda:
1. Amendments to the Company's articles of association
2. Formulation of profit distribution management system
3. Formulation of plan on the shareholders' return for the next three years from 2012 to 2014
4. Amendments to the Company's rules of procedures governing the general meeting of shareholders
5. Amendments to the Company's rules of procedures governing the board meeting
6. Amendments to the Company's rules of procedures governing the meetings of the supervisory committee
7. Amendments to the connected transaction decision-making system
8. The Company's eligibility for issuance of corporate bonds
9. Scheme on issuance of corporate bonds
10. Authorization to the board to handle matters in relation to the issuance of corporate bonds


Meeting attendees:
1. A-share holders registered at CSDCC Shenzhen after the close of trading on 30 July 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: 01 August 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: 03 August 2012
Voting code:362601
Voting abbreviation:Billions 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 02 August 2012 to 03 August 2012.
Date: 2012-07-19
Title: EGM-ONLINE
The Company will hold the 2nd Extraordinary General Meeting of 2012 at 14:30 on 03 August 2012.

Meeting agenda:
1. Amendments to the Company's articles of association
2. Formulation of profit distribution management system
3. Formulation of plan on the shareholders' return for the next three years from 2012 to 2014
4. Amendments to the Company's rules of procedures governing the general meeting of shareholders
5. Amendments to the Company's rules of procedures governing the board meeting
6. Amendments to the Company's rules of procedures governing the meetings of the supervisory committee
7. Amendments to the connected transaction decision-making system
8. The Company's eligibility for issuance of corporate bonds
9. Scheme on issuance of corporate bonds
10. Authorization to the board to handle matters in relation to the issuance of corporate bonds

Meeting attendees:
1.A-share holders registered at CSDCC Shenzhen after the close of trading on 30 July 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: 01 August 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: 03 August 2012
Voting code:362601
Voting abbreviation:Billions 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 02 August 2012 to 03 August 2012.
Date: 2012-07-17
Title: DIVIDEND IMPLEMENTATION (CASH AND BONUS ISSUE)
2011 final distribution plan to be implemented (A shares):

1. Cash dividend/10 shares (tax included): CNY7.00000000
2. Bonus issue from profit (share/10 shares): none
3. Bonus issue from capital reserve (share/10 shares): 10.0000


Record date: 20 July 2012
Ex-date: 23 July 2012
Payment date: 23 July 2012
Listing date of the bonus issues: 23 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: CNY0.70000000(10 percent x CNY7.00000000)
Net cash dividend/10 shares after tax: CNY6.30000000(CNY7.00000000- CNY0.70000000)
Date: 2012-07-12
Title: RESTRICTED SHARE LISTING
Among the Company's 33752167 restricted shares to be unlocked on 16 July 2012, 33752167 of them will be tradable on the Shenzhen Stock Exchange on that day.
Date: 2012-05-31
Title: AGM RESOLUTION
The Company held its Annual General Meeting of 2011 on 30 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 annual report and its summary
4. 2011 financial resolution report
5. 2011 profit distribution plan and bonus issue from capital reserve
6. Increase in registered capital and amendments to the Company's articles of association
7. 2011 internal control self-evaluation report
8. 2011 special report on the deposit and use of raised funds
9. Reappointment of audit firm
10. Remuneration management measures for the chairman of the board, the chairman of the supervisory committee and senior management
11. Amendments to the Company's articles of association
12. Application for loan to banks with asset mortgage
The detailed profit distribution plan are as follows:
1) Cash dividend/10 shares (tax included): CNY7.00000000
2) Bonus issue from profit (share/10 shares): none
3) Bonus issue from capital reserve (share/10 shares): 10.00.
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): CNY7.00000000
2. Bonus issue from profit (share/10 shares):none
3. Bonus issue from capital reserve (share/10 shares):10.0000.
Date: 2012-04-25
Title: AGM-SPOT
The Company will hold the 2011 Annual General Meeting at 09:30 on 30 May 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 and bonus issue from capital reserve
6. Increase in registered capital and amendments to the Company's articles of association
7. 2011 internal control self-evaluation report
8. 2011 special report on the deposit and use of raised funds
9. Reappointment of audit firm
10. Remuneration management measures for the chairman of the board, the chairman of the supervisory committee and senior management
The detailed profit distribution plan are as follows:
1) Cash dividend/10 shares (tax included): CNY7.00000000
2) Bonus issue from profit (share/10 shares): none
3) Bonus issue from capital reserve (share/10 shares): 10.0000

Meeting attendees:
1. A-share holders registered at CSDCC Shenzhen after the close of trading on 23 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: 25 May 2012
Date: 2012-03-16
Title: EGM RESOLUTION
The Company held its 1st Extraordinary General Meeting of 2012 on 15 March 2012, during which the following proposal(s) was/were approved:
1. Adjustment to the allowance for independent directors, non-independent directors and supervisors
2. 2011 remuneration plan for chairman of the board, chairman of the supervisory committee, and senior managements
3. 2012 application for comprehensive credit line to banks.
Date: 2012-02-28
Title: EGM-SPOT
The Company will hold the 1st Extraordinary General Meeting of 2012 at 09:30 on 15 March 2012.

Meeting agenda:
1. Adjustment to the allowance for independent directors, non-independent directors and supervisors
2. 2011 remuneration plan for chairman of the board, chairman of the supervisory committee, and senior managements
3. 2012 application for comprehensive credit line to banks

Meeting attendees:
1. A-share holders registered at CSDCC Shenzhen after the close of trading on 08 March 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: 12 March 2012
Date: 2011-10-12
Title: PLACING SHARE LISTING
The Company's 4.8 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 17 October 2011.