Jiangsu Akcome Solar Science & Technology Co.,Ltd.



Quote for Jiangsu Akcome Solar Science & Technology Co.,Ltd.

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Symbol/Code:
002610
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Stock Type:
A Share
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Currency in CNY Time=UTC+8002610 quote

Summary for Jiangsu Akcome Solar Science & Technology Co.,Ltd.

Jiangsu Akcome Solar Science & Technology Co.,Ltd. is principally engaged in the research, development, design, production and distribution of photovoltaic solar energy accessories. The Company primarily provides solar energy frames, ethylene vinyl acetate (EVA) coatings, as well as installing supports, among others. The Company's solar energy frames are mainly used for fixing and sealing solar cell accessories, as well as enhancing the intensity of accessories. During the year ended December 31, 2010, the Company obtained approximately 93% of its total revenue from the sale of solar energy frames.

Profile for Jiangsu Akcome Solar Science & Technology Co.,Ltd.

Full Name:Jiangsu Akcome Solar Science & Technology Co.,Ltd.
Full Name in Chinese:江苏爱康太阳能科技股份有限公司 Short Name in Chinese:爱康科技
Symbol/Stock Code:
002610
Listed in:
Shenzhen Stock Exchange
Issued Capital
-
Negotiable Capital:
-
Chairman:
Zou Chenghui
Secretary of the Board:
Ji Haiyu
Phone:
+86-510-86972386
Fax:
+86-510-86972151
Official Website:www.akcome.com
E-mail:zqb@akcome.com
Address:No. 1015,Qinfeng Road, Hongmiao Park, Hua,WUXI JNG 214425
IPO Subscription Date:
2011-08-03
Listing Date:
2011-08-15
IPO Issued Capital:
50000000
IPO Price:
16 CNY
IPO fees:
41349300 CNY
Money Raised by IPO:
800000000 CNY
IPO Par Value:
1.00 CNY
Net Money Raised:
758650700 CNY
Open(Listing day):
25.00 CNY
Close(Listing day):
29.80 CNY
Diluted P/E ratio after IPO:
31.3700
Turnover rate(listing day):
90.65%

Financials for Jiangsu Akcome Solar Science & Technology Co.,Ltd.

UPDATE:2012-10-28 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)
-31.6717
197.2639
101.4673
48.7213
Net Profit Growth(%)
-115.99
94.41
108.26
1.51
Return On Equity(ROE)(%)
-2.53
14.22
23.50
27.81
Debt ratio(%)
61.01
48.31
50.13
60.54
Net Operating Cash Flow/Net Profit(%)
319.66
-128.49
56.57
28.17

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)
-0.1100
1.1800
0.7400
0.4500
Diluted Earnings Per Share
0.0000
0.2700
0.7800
0.4300
Net Asset Value Per Share (NAVPS)
4.1800
6.9400
2.8800
3.3000
Additional Paid-In Capital Per Share
2.7461
4.6386
1.4605
1.0088
Retained Earnings Per Share
0.3223
1.1382
0.3467
0.7750
Net Cash Flow From Operatings Activities Per Share
-0.3400
-1.2700
0.3800
0.2600
Net Cash Flow Per Share
-0.9466
3.4871
0.4728
0.1785

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)
3319.756
2711.011
866.2202
448.2191
Total Liabilities(Million)
2025.4368
1309.8847
434.2484
271.3589
Current Liabilities(Million)
1481.9614
974.4667
424.2484
271.3281
Long Term Liabilities(Million)
-
-
-
-
Cash And Cash Equivalents(Million)
610.1472
894.1178
166.8267
94.0927
Accounts Receivables(Million)
425.2515
200.9971
141.0421
112.7556
Deposit Received(Million)
4.6097
5.4848
0.5247
0.4382
Other Receivables(Million)
165.7447
59.1915
7.021
2.9288
Bad Debt Reserve(Million)
-
-
-
-
Shareholder's Equity/Owner's Equity(Million)
1252.9515
1387.7139
431.7989
175.2241
Debt ratio(%)
61.01
48.31
50.13
60.54
Equity Ratio(%)
37.7400
51.1800
49.8400
39.0900
Current Ratio
1.0441
1.4844
1.1938
1.1724
Quick Ratio
0.9540
1.2721
0.8018
0.8562

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)
948.8893
1360.1423
1274.1891
495.8823
Net Cash Flow From Operatings Activities(Million)
-101.2413
-253.4637
57.3967
13.726
Net Cash Flow From Operatings Activities Change(%)
-1278.95
-541.60
318.16
-192.43
Net Cash Flow(Million)
-283.9707
697.4158
70.9132
11.1727
Cash From Selling Commodities/Prime Revenue(%)
88.03
89.24
102.10
89.53
Net Cash Flow/Net Profit(%)
896.61
353.54
69.89
22.93
Cash Flow From Investing Activities(Million)
-320.8515
-401.1836
-256.1081
-74.6624
Cash Flow From Financing Activities(Million)
137.58
1356.091
269.4182
71.998

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)
1077.973
1524.114
1247.9547
553.8726
Prime Operating Profit(Million)
-
-
-
-
Operating Costs(Million)
23.7849
33.806
34.1699
15.9512
Administrative Costs(Million)
91.586
126.6428
65.112
24.8885
Financing Costs(Million)
46.114
39.4527
16.6301
4.353
Above Three Costs Change(%)
20.77
72.46
156.48
48.63
Operating Profit(Million)
-66.6113
208.7202
110.8133
55.1628
Income From Investment(Million)
10.5166
181.0781
15.9958
0.9068
Government Subsidies(Million)
-
-
-
-
Net Non-Operating Income And Expense(Million)
36.1538
11.0126
0.0822
0.559
Total Profit(Million)
-30.4575
219.7327
110.8955
55.7218
Corporate Income Tax(Million)
0.7551
24.6898
10.8914
7.3643
Net Profit(Million)
-31.6717
197.2639
101.4673
48.7213
Gross Profit Ratio(%)
8.09
15.03
17.12
17.98
Operating Margin(%)
-6.17
13.69
8.87
9.95
Return On Equity(ROE)(%)
-2.53
14.22
23.50
27.81

Announcements for Jiangsu Akcome Solar Science & Technology Co.,Ltd.

Date: 2012-10-29
Title: EGM-SPOT
The Company will hold the 7th Extraordinary General Meeting of 2012 at 10:00 on 14 November 2012.

Meeting agenda:
1. Election of directors
2. Additional guarantee for the bank financing applied by a company


Meeting attendees:
1. A-share holders registered at CSDCC Shenzhen after the close of trading on 09 November 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 12 November 2012 to 13 November 2012
Date: 2012-10-15
Title: EGM RESOLUTION
The Company held its 6th Extraordinary General Meeting of 2012 on 12 October 2012, during which the following proposal(s) was/were approved:
1. Guarantee for the bank financing applied by a company
2. Guarantee for a project loan applied by another company
3. Guarantee for the bank credit applied by the above first company
Date: 2012-09-27
Title: EGM-SPOT
The Company will hold the 6th Extraordinary General Meeting of 2012 at 10:00 on 12 October 2012.

Meeting agenda:
1. Guarantee for the bank financing applied by a company
2. Guarantee for a project loan applied by another company
3. Guarantee for the bank credit applied by the above first company


Meeting attendees:
1. A-share holders registered at CSDCC Shenzhen after the close of trading on 09 October 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 10 October 2012 to 11 October 2012
Date: 2012-08-28
Title: EGM RESOLUTION
The Company held its 5th Extraordinary General Meeting of 2012 on 26 August 2012, during which the following proposal(s) was/were approved:
1. Amendments to the Company's articles of association
Date: 2012-08-13
Title: RESTRICTED SHARE LISTING
Among the Company's 94134375 restricted shares to be unlocked on 15 August 2012, 94134375 of them will be tradable on the Shenzhen Stock Exchange on that day.
Date: 2012-06-07
Title: EGM RESOLUTION
The Company held its 3rd Extraordinary General Meeting of 2012 on 06 June 2012, during which the following proposal(s) was/were approved:
1. Issue of short-term financial bills.
Date: 2012-05-31
Title: EGM-SPOT
The Company will hold the 4th Extraordinary General Meeting of 2012 at 08:30 on 15 June 2012.

Meeting agenda:
1. Election of independent directors

Meeting attendees:
1. A-share holders registered at CSDCC Shenzhen after the close of trading on 12 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: 14 June 2012
Date: 2012-05-30
Title: DIVIDEND IMPLEMENTATION (CASH AND BONUS ISSUE)
2011 final distribution plan to be implemented (A shares):

1. Cash dividend/10 shares (tax included): CNY5.00000000
2. Bonus issue from profit (share/10 shares): none
3. Bonus issue from capital reserve (share/10 shares): 5.0000


Record date: 06 June 2012
Ex-date: 07 June 2012
Payment date: 07 June 2012
Listing date of the bonus issues: 07 June 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: CNY0.50000000(10 percent x CNY5.00000000)
Net cash dividend/10 shares after tax: CNY4.50000000(CNY5.00000000- CNY0.50000000)
Date: 2012-05-17
Title: EGM-SPOT
The Company will hold the 3rd Extraordinary General Meeting of 2012 at 10:00 on 06 June 2012.

Meeting agenda:
1. Issue of short-term financial bills

Meeting attendees:
1. A-share holders registered at CSDCC Shenzhen after the close of trading on 01 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: 05 June 2012
Date: 2012-05-16
Title: AGM RESOLUTION
The Company held its Annual General Meeting of 2011 on 15 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. Appointment of audit firm
The detailed profit distribution plan are as follows:
1) Cash dividend/10 shares (tax included): CNY5.00000000
2) Bonus issue from profit (share/10 shares): none
3) Bonus issue from capital reserve (share/10 shares): 5.00.