Hunan Mendale Hometextile Co.,Ltd.



Quote for Hunan Mendale Hometextile Co.,Ltd.

Last Trade:
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Symbol/Code:
002397
Status:
-
Stock Type:
A Share
Market Cap:
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Volume(*100):
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Update:-
Currency in CNY Time=UTC+8002397 quote

Summary for Hunan Mendale Hometextile Co.,Ltd.

Hunan Mendale Hometextile Co., Ltd. is principally engaged in the research, development, production and distribution of bedding articles. The Company mainly provides quilting and embroidery suites, embroidery suites, quilts, woolen blankets, mattresses, as well as other household decoration products. The Company distributes its products under the brand names of Mendale, Mine and Mendale Baby in both domestic and overseas markets. During the year ended December 31, 2010, the Company obtained approximately 81% and 16% of its total revenue from Mendale series and Mine series, respectively.

Profile for Hunan Mendale Hometextile Co.,Ltd.

Full Name:Hunan Mendale Hometextile Co.,Ltd.
Full Name in Chinese:湖南梦洁家纺股份有限公司 Short Name in Chinese:梦洁家纺
Symbol/Stock Code:
002397
Listed in:
Shenzhen Stock Exchange
Issued Capital
-
Negotiable Capital:
-
Chairman:
Jiang Tianwu
Secretary of the Board:
Li Jun
Phone:
+86-731-82848012
Fax:
+86-731-82848945
Official Website:www.mendale.com
E-mail:zqb@mendale.com
Address:No. 24, Sec. 1, Xiangjiang Mid,Kaifu District,Changsha HUN 410008
IPO Subscription Date:
2010-04-19
Listing Date:
2010-04-29
IPO Issued Capital:
16000000
IPO Price:
51 CNY
IPO fees:
51503900 CNY
Money Raised by IPO:
816000000 CNY
IPO Par Value:
1.00 CNY
Net Money Raised:
764496100 CNY
Open(Listing day):
59.80 CNY
Close(Listing day):
60.17 CNY
Diluted P/E ratio after IPO:
53.1300
Turnover rate(listing day):
67.56%

Financials for Hunan Mendale Hometextile 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)
46.0674
111.8387
91.7514
88.6092
Net Profit Growth(%)
-28.67
21.89
3.54
75.69
Return On Equity(ROE)(%)
4.17
10.27
8.95
42.20
Debt ratio(%)
32.13
30.40
24.87
67.99
Net Operating Cash Flow/Net Profit(%)
-327.42
79.63
-95.14
80.65

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)
0.3000
0.7400
0.6600
1.2600
Diluted Earnings Per Share
0.0000
0.7300
0.6800
0.8500
Net Asset Value Per Share (NAVPS)
7.3100
7.2000
10.8400
4.4700
Additional Paid-In Capital Per Share
4.6566
4.6566
8.0505
0.0677
Retained Earnings Per Share
1.3895
1.2848
1.4815
2.9362
Net Cash Flow From Operatings Activities Per Share
-0.9976
0.5900
-0.9200
1.5200
Net Cash Flow Per Share
-1.3262
-0.3471
3.3092
0.1101

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)
1626.0796
1564.6467
1364.8897
658.2519
Total Liabilities(Million)
522.5715
475.7849
339.4518
447.5985
Current Liabilities(Million)
521.3618
474.5752
336.2421
443.8879
Long Term Liabilities(Million)
-
-
-
-
Cash And Cash Equivalents(Million)
230.6975
425.825
473.8114
161.0941
Accounts Receivables(Million)
135.5112
121.9188
54.3697
32.1248
Deposit Received(Million)
30.4719
49.5987
16.3159
18.785
Other Receivables(Million)
82.1969
44.7479
21.0808
18.9049
Bad Debt Reserve(Million)
-
-
-
-
Shareholder's Equity/Owner's Equity(Million)
1104.9594
1089.1676
1024.5998
209.9621
Debt ratio(%)
32.13
30.40
24.87
67.99
Equity Ratio(%)
67.9500
69.6100
75.0600
31.8900
Current Ratio
2.0575
2.1951
2.8934
0.9313
Quick Ratio
1.0454
1.3865
1.8068
0.5109

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)
919.3768
1411.4741
1000.5091
30.661
Net Cash Flow From Operatings Activities(Million)
-150.835
89.0618
-87.2913
71.462
Net Cash Flow From Operatings Activities Change(%)
106.23
-202.03
-222.15
-11.55
Net Cash Flow(Million)
-200.5274
-52.4864
312.7173
5.174
Cash From Selling Commodities/Prime Revenue(%)
114.00
112.75
117.00
4.86
Net Cash Flow/Net Profit(%)
-435.29
-46.93
340.83
5.84
Cash Flow From Investing Activities(Million)
-64.7485
-167.4113
-156.3215
-21.717
Cash Flow From Financing Activities(Million)
15.056
26.5256
556.3275
-44.571

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)
806.4808
1251.9054
855.1353
630.9405
Prime Operating Profit(Million)
-
-
-
-
Operating Costs(Million)
250.8324
356.9299
197.1591
119.1015
Administrative Costs(Million)
40.296
47.1252
41.0851
23.7788
Financing Costs(Million)
1.8072
-1.5011
-0.4813
5.959
Above Three Costs Change(%)
15.50
69.31
59.74
6.00
Operating Profit(Million)
52.5412
132.5429
102.6577
73.0771
Income From Investment(Million)
-
-
-
0.0276
Government Subsidies(Million)
-
-
-
-
Net Non-Operating Income And Expense(Million)
2.0516
2.3316
2.3335
33.3901
Total Profit(Million)
54.5928
134.8745
104.9912
106.4672
Corporate Income Tax(Million)
9.6391
24.1612
12.9843
17.4858
Net Profit(Million)
46.0674
111.8387
91.7514
88.6092
Gross Profit Ratio(%)
43.99
44.43
40.63
36.26
Operating Margin(%)
6.51
10.58
12.00
11.58
Return On Equity(ROE)(%)
4.17
10.27
8.95
42.20

Announcements for Hunan Mendale Hometextile Co.,Ltd.

Date: 2012-06-29
Title: EGM RESOLUTION
The Company held its 1st Extraordinary General Meeting of 2012 on 28 June 2012, during which the following proposal(s) was/were approved:
1. Re-election of directors including Jiang Tianwu, Li Jianwei, Zhang Aichun, Li Jun, Li Jing, Tu Yunhua, Wu Wei, Chen Gongrong, Sun Zhiping, Zeng Jianghong, Dai Qingong(cumulative voting system is applicable)
2. To provide the guarantee by domestic banks and loans from overseas bank for a controlled subsidiary.
Date: 2012-06-12
Title: EGM-SPOT
The Company will hold the 1st Extraordinary General Meeting of 2012 at 09:00 on 28 June 2012.

Meeting agenda:
1. Re-election of directors including Jiang Tianwu, Li Jianwei, Zhang Aichun, Li Jun, Li Jing, Tu Yunhua, Wu Wei, Chen Gongrong, Sun Zhiping, Zeng Jianghong, Dai Qingong(cumulative voting system is applicable)
2. To provide the guarantee by domestic banks and loans from overseas bank for a controlled subsidiary

Meeting attendees:
1. A-share holders registered at CSDCC Shenzhen after the close of trading on 25 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: 27 June 2012
Date: 2012-05-23
Title: DIVIDEND IMPLEMENTATION (CASH ONLY)
2011 final distribution plan to be implemented (A shares):

1. Cash dividend/10 shares (tax included): CNY2.00000000
2. Bonus issue from profit (share/10 shares): none
3. Bonus issue from capital reserve (share/10 shares): none


Record date: 28 May 2012
Ex-date: 29 May 2012
Payment date: 29 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: CNY0.20000000(10 percent x CNY2.00000000)
Net cash dividend/10 shares after tax: CNY1.80000000(CNY2.00000000- CNY0.20000000)
Date: 2012-05-03
Title: AGM RESOLUTION
The Company held its Annual General Meeting of 2011 on 30 April 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. 2012 financial budget report
6. 2011 profit distribution plan
7. Reappointment of audit firm
8. Setup of sales branch company
9. 2012 bank loan quota
10. Amendments to the Company's articles of association
11. Re-election of supervisors
12. The Company's rules of procedures governing meetings of the supervisory committee
The detailed profit distribution plan are as follows:
1) Cash dividend/10 shares (tax included): CNY2.00000000
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): CNY2.00000000
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 09:00 on 30 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. 2012 financial budget report
6. 2011 profit distribution plan
7. Reappointment of audit firm
8. Setup of sales branch company
9. 2012 bank loan quota
10. Amendments to the Company's articles of association
11. Re-election of supervisors
12. The Company's rules of procedures governing meetings of the supervisory committee
The detailed profit distribution plan are as follows:
1) Cash dividend/10 shares (tax included): CNY2.00000000
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 26 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: 29 April 2012
Date: 2011-06-29
Title: DIVIDEND IMPLEMENTATION (CASH AND BONUS ISSUE)
2010 FINAL DISTRIBUTION PLAN TO BE IMPLEMENTED (A SHARES):

1. CASH DIVIDEND/10 SHARES (TAX INCLUDED): CNY5.0000
2. BONUS ISSUE FROM PROFIT (SHARE/10 SHARES): NONE
3. BONUS ISSUE FROM CAPITAL RESERVE (SHARE/10 SHARES): 6.00


RECORD DATE: 05JUL11
EX-DATE: 06JUL11
PAYMENT DATE: 06JUL11
LISTING DATE OF THE BONUS ISSUES: 06JUL11
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: CNY 0.500000(10 PERCENT X CNY 5.000000)
NET CASH DIVIDEND/10 SHARES AFTER TAX: CNY 4.500000(CNY 5.000000- CNY0.500000)
Date: 2011-05-18
Title: AGM RESOLUTION
THE CO HELD ITS 2010 AGM ON 17MAY11, DURING WHICH THE FOLLOWING PROPOSAL(S) WAS/WERE APPROVED:
1. 2010 WORK REPORT OF THE BOARD OF DIRECTORS
2. 2010 WORK REPORT OF THE SUPERVISORY COMMITTEE
3. 2010 ANNUAL REPORT AND ITS SUMMARY
4. 2010 FINANCIAL RESOLUTION REPORT
5. 2011 FINANCIAL BUDGET REPORT
6. CHANGE IN ACCOUNTING ESTIMATE IN RESPECT OF THE LIFE CYCLE OF FIXED ASSET DEPRECIATION
7. 2010 PROFIT DISTRIBUTION PLAN
8. THE PLAN FOR 2011 REMUNERATION AND APPRAISAL FOR DIRECTORS AND SUPERVISORS AND SENIOR MANAGEMENT
9. RE-APPOINTMENT OF AUDIT FIRM
10. 2011 BANK LOAN QUOTA
11. INCREASE IN THE REGISTERED CAPITAL AND AMENDMENTS TO THE CO'S ARTICLES OF ASSOCIATION
THE DETAILED PROFIT DISTRIBUTION PLAN ARE AS FOLLOWS:
1) CASH DIVIDEND/10 SHARES (TAX INCLUDED): CNY5.0000
2) BONUS ISSUE FROM PROFIT (SHARE/10 SHARES): NONE
3) BONUS ISSUE FROM CAPITAL RESERVE (SHARE/10 SHARES): 6.00
Date: 2011-04-27
Title: RESTRICTED SHARE LISTING
THE CO'S 5035128 RESTRICTED A-SHARES WILL BE LISTED ON THE SHENZHEN STOCK EXCHANGE AS OF 29APR11.
Date: 2011-04-26
Title: FINAL DIVIDEND
THE CO ISSUED ITS 2010 ANNUAL REPORT ON 26APR11.

THE PROFIT DISTRIBUTION PROPOSAL FOR 2010:
1. CASH DIVIDEND/10 SHARES (TAX INCLUDED): CNY5.0000
2. BONUS ISSUE FROM PROFIT (SHARE/10 SHARES):NONE
3. BONUS ISSUE FROM CAPITAL RESERVE (SHARE/10 SHARES):6.000