Hunan Changgao High Voltage Switchgear Group Co.,Ltd.



Quote for Hunan Changgao High Voltage Switchgear Group Co.,Ltd.

Last Trade:
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Symbol/Code:
002452
Status:
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Stock Type:
A Share
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Currency in CNY Time=UTC+8002452 quote

Summary for Hunan Changgao High Voltage Switchgear Group Co.,Ltd.

Hunan Changgao High Voltage Switchgear Group CO., Ltd. is principally engaged in the production and distribution of high voltage isolators and ground switches. The Company mainly provides high voltage isolate switches above 550 kilovolt; 336 kilovolt high voltage switches, 252 kilovolt high voltage switches, 126 kilovolt high voltage switches and products below 72.5 kilovolt. The Company also involves in property development, as well as the manufacture and distribution of wearing materials. It operates its businesses primarily in domestic market.

Profile for Hunan Changgao High Voltage Switchgear Group Co.,Ltd.

Full Name:Hunan Changgao High Voltage Switchgear Group Co.,Ltd.
Full Name in Chinese:湖南长高高压开关集团股份公司 Short Name in Chinese:长高集团
Symbol/Stock Code:
002452
Listed in:
Shenzhen Stock Exchange
Issued Capital
-
Negotiable Capital:
-
Chairman:
Ma Xiaowu
Secretary of the Board:
Ma Xiao
Phone:
+86-731-88585000
Fax:
+86-731-88585006
Official Website:www.gykg.cn
E-mail:csgykg@163.com
Address:Changgao Group,West of Jinxing Avenue (Wangchen,Changsha HUN 410219
IPO Subscription Date:
2010-07-07
Listing Date:
2010-07-20
IPO Issued Capital:
25000000
IPO Price:
25.88 CNY
IPO fees:
45270000 CNY
Money Raised by IPO:
647000000 CNY
IPO Par Value:
1.00 CNY
Net Money Raised:
601730000 CNY
Open(Listing day):
28.75 CNY
Close(Listing day):
30.10 CNY
Diluted P/E ratio after IPO:
35.4500
Turnover rate(listing day):
81.46%

Financials for Hunan Changgao High Voltage Switchgear Group 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)
49.7242
49.7566
45.6896
74.5275
Net Profit Growth(%)
10.15
8.90
-38.69
4.80
Return On Equity(ROE)(%)
4.85
4.99
4.77
23.50
Debt ratio(%)
15.25
20.37
14.64
41.11
Net Operating Cash Flow/Net Profit(%)
-174.98
-5.63
75.36
95.29

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)
0.3820
0.4980
0.5350
0.9940
Diluted Earnings Per Share
0.0000
0.5300
0.5200
0.9800
Net Asset Value Per Share (NAVPS)
7.8900
9.9700
9.5700
4.2300
Additional Paid-In Capital Per Share
4.6231
6.3100
6.3080
0.6193
Retained Earnings Per Share
2.0127
2.3321
1.9875
2.2980
Net Cash Flow From Operatings Activities Per Share
-0.6690
-0.0280
0.3400
0.9500
Net Cash Flow Per Share
-1.4142
-0.6492
5.1930
0.5834

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)
1232.9311
1279.684
1147.8782
545.1055
Total Liabilities(Million)
188.1312
260.7128
168.1332
224.1252
Current Liabilities(Million)
168.8768
240.3391
149.6816
212.1759
Long Term Liabilities(Million)
-
-
-
-
Cash And Cash Equivalents(Million)
422.1262
605.9763
677.7588
158.6089
Accounts Receivables(Million)
219.4684
206.2216
204.4456
185.9861
Deposit Received(Million)
2.9321
7.6599
3.536
3.907
Other Receivables(Million)
29.9149
23.6082
19.0908
8.276
Bad Debt Reserve(Million)
-
-
-
-
Shareholder's Equity/Owner's Equity(Million)
1025.5087
997.0708
957.1106
317.0718
Debt ratio(%)
15.25
20.37
14.64
41.11
Equity Ratio(%)
83.1700
77.9100
83.3800
58.1600
Current Ratio
5.6877
4.2644
6.6873
2.0011
Quick Ratio
4.2163
3.7033
6.3086
1.7573

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)
242.6321
386.8116
309.5689
416.4532
Net Cash Flow From Operatings Activities(Million)
-87.0081
-2.8027
34.4312
71.0163
Net Cash Flow From Operatings Activities Change(%)
613.32
-108.14
-51.52
-0.74
Net Cash Flow(Million)
-183.8501
-64.9234
519.295
43.7517
Cash From Selling Commodities/Prime Revenue(%)
92.09
110.68
101.74
105.85
Net Cash Flow/Net Profit(%)
-369.74
-130.48
1136.57
58.71
Cash Flow From Investing Activities(Million)
-36.0363
-108.8673
-41.1325
-21.5636
Cash Flow From Financing Activities(Million)
-60.8057
46.7466
525.9963
-5.701

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)
263.4735
349.4899
304.2815
393.4329
Prime Operating Profit(Million)
-
-
-
-
Operating Costs(Million)
18.2563
30.526
16.5293
20.5721
Administrative Costs(Million)
29.7564
42.6454
42.094
32.0712
Financing Costs(Million)
-7.3052
-10.1766
-2.5403
2.5218
Above Three Costs Change(%)
0.24
12.32
1.66
6.21
Operating Profit(Million)
56.202
55.0966
52.5155
85.4876
Income From Investment(Million)
-
0.0016
-
-
Government Subsidies(Million)
-
-
-
-
Net Non-Operating Income And Expense(Million)
1.7817
0.987
1.5331
1.4271
Total Profit(Million)
57.9837
56.0836
54.0486
86.9147
Corporate Income Tax(Million)
10.0069
10.9143
8.6815
12.4786
Net Profit(Million)
49.7242
49.7566
45.6896
74.5275
Gross Profit Ratio(%)
37.76
35.84
37.19
36.63
Operating Margin(%)
21.33
15.76
17.25
21.72
Return On Equity(ROE)(%)
4.85
4.99
4.77
23.50

Announcements for Hunan Changgao High Voltage Switchgear Group Co.,Ltd.

Date: 2012-09-28
Title: EGM RESOLUTION
The Company held its 2nd Extraordinary General Meeting of 2012 on 27 September 2012, during which the following proposal(s) was/were approved:
1. To absorb and merge a wholly-owned subsidiary
2. Amendments to the Company's articles of association
Date: 2012-09-12
Title: EGM-SPOT
The Company will hold the 2nd Extraordinary General Meeting of 2012 at 09:30 on 27 September 2012.

Meeting agenda:
1. To absorb and merge a wholly-owned subsidiary
2. 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 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 25 September 2012 to 25 September 2012
Date: 2012-08-13
Title: RESTRICTED SHARE LISTING
Among the Company's 4942530 restricted shares to be unlocked on 15 August 2012, 3846290 of them will be tradable on the Shenzhen Stock Exchange on that day.
Date: 2012-06-26
Title: EGM RESOLUTION
The Company held its 1st Extraordinary General Meeting of 2012 on 25 June 2012, during which the following proposal(s) was/were approved:
1. Amendments to the Company's articles of association.
Date: 2012-06-08
Title: EGM-SPOT
The Company will hold the 1st Extraordinary General Meeting of 2012 at 09:30 on 25 June 2012.

Meeting agenda:
1. Amendments to the Company's articles of association

Meeting attendees:
1. A-share holders registered at CSDCC Shenzhen after the close of trading on 20 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: 21 June 2012
Date: 2012-05-16
Title: DIVIDEND IMPLEMENTATION (CASH AND BONUS ISSUE)
2011 final distribution plan to be implemented (A shares):

1. Cash dividend/10 shares (tax included): CNY1.50000000
2. Bonus issue from profit (share/10 shares): none
3. Bonus issue from capital reserve (share/10 shares): 3.0000


Record date: 22 May 2012
Ex-date: 23 May 2012
Payment date: 23 May 2012
Listing date of the bonus issues: 23 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: CNY0.15000000(10 percent x CNY1.50000000)
Net cash dividend/10 shares after tax: CNY1.35000000(CNY1.50000000- CNY0.15000000)
Date: 2012-05-10
Title: AGM RESOLUTION
The Company held its Annual General Meeting of 2011 on 09 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. Reappointment of audit firm
7. 2012 remuneration scheme for directors, supervisors and senior management
8. Amendments to the Company's articles of association
9. Re-election of directors, including Ma Xiaowu, Liao Junde, Lin Lin, Ma Xiao, Liu Xiongwu, Li Renfa, Liu Naxin
10. Re-election of supervisors, including Liu Jiayu, Wen Wei
11. The Company's rules of procedures governing the board meetings (revision)
The detailed profit distribution plan are as follows:
1) Cash dividend/10 shares (tax included): CNY1.50000000
2) Bonus issue from profit (share/10 shares): none
3) Bonus issue from capital reserve (share/10 shares): 3.00.
Date: 2012-04-19
Title: FINAL DIVIDEND
The Company issued its 2011 annual report on 19 April 2012.

The profit distribution proposal for 2011:
1. Cash dividend/10 shares (tax included): CNY1.50000000
2. Bonus issue from profit (share/10 shares):none
3. Bonus issue from capital reserve (share/10 shares):3.0000.
Date: 2012-04-19
Title: AGM-SPOT
The Company will hold the 2011 Annual General Meeting at 09:30 on 09 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. Reappointment of audit firm
7. 2012 remuneration scheme for directors, supervisors and senior management
8. Amendments to the Company's articles of association
9. Re-election of directors, including Ma Xiaowu, Liao Junde, Lin Lin, Ma Xiao, Liu Xiongwu, Li Renfa, Liu Naxin
10. Re-election of supervisors, including Liu Jiayu, Wen Wei
11. The Company's rules of procedures governing the board meetings (revision)
The detailed profit distribution plan are as follows:
1) Cash dividend/10 shares (tax included): CNY1.50000000
2) Bonus issue from profit (share/10 shares): none
3) Bonus issue from capital reserve (share/10 shares): 3.0000

Meeting attendees:
1. A-share holders registered at CSDCC Shenzhen after the close of trading on 04 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: 07 May 2012
Date: 2011-10-25
Title: EGM RESOLUTION
The Company held its 1st Extraordinary General Meeting of 2011 on 23 October 2011, during which the following proposal(s) was/were approved:
1. Change of projects invested with raised funds
2. Capital expansion in a company and acquisition of its equity
3. Rules of procedures for general meetings(revision)
4. Rules of procedures for the directors board(revision)
5. Amendments to partial items of the Company's articles of association
6. A wholly-owned subsidiary's investment plan in the second phase of a project
7. 2011 remuneration plan for directors, supervisors and senior management.