Jiangsu Changfa Refrigeration Co.,Ltd.



Quote for Jiangsu Changfa Refrigeration Co.,Ltd.

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Symbol/Code:
002413
Status:
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Stock Type:
A Share
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Currency in CNY Time=UTC+8002413 quote

Summary for Jiangsu Changfa Refrigeration Co.,Ltd.

JIANGSU CHANGFA REFRIGERATION CO., LTD. is principally engaged in the production and distribution of evaporators and condensers for refrigerators and air conditioners. The Company's evaporators mainly include cured-on evaporators, tube evaporators, roll-bond evaporators, tube-on-sheet evaporators and finned evaporators, among others. The Company is also involved in the manufacturing of aluminum foils and boards. The Company's clients are mainly refrigerator and air conditioner manufacturers, including Samsung, Haier, Meide, BSH, Kaili, Electrolux, LG, Hisense, Panasonic and Sanyo, among others. The Company distributes its products in domestic markets and to overseas markets.

Profile for Jiangsu Changfa Refrigeration Co.,Ltd.

Full Name:Jiangsu Changfa Refrigeration Co.,Ltd.
Full Name in Chinese:江苏常发制冷股份有限公司 Short Name in Chinese:常发股份
Symbol/Stock Code:
002413
Listed in:
Shenzhen Stock Exchange
Issued Capital
-
Negotiable Capital:
-
Chairman:
Huang Xiaoping
Secretary of the Board:
Liu Xunyu
Phone:
+86-519-86237018
Fax:
+86-519-86235691
Official Website:www.changfazl.com
E-mail:cfzl@changfazl.com
Address:Jiandong Village, Lijia Town,,Changzhou JNG 213176
IPO Subscription Date:
2010-05-17
Listing Date:
2010-05-28
IPO Issued Capital:
37000000
IPO Price:
18 CNY
IPO fees:
21253300 CNY
Money Raised by IPO:
666000000 CNY
IPO Par Value:
1.00 CNY
Net Money Raised:
644746700 CNY
Open(Listing day):
22.86 CNY
Close(Listing day):
20.86 CNY
Diluted P/E ratio after IPO:
41.9000
Turnover rate(listing day):
71.50%

Financials for Jiangsu Changfa Refrigeration 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)
43.3434
95.9279
85.0905
64.5631
Net Profit Growth(%)
-48.51
12.73
31.79
73.75
Return On Equity(ROE)(%)
3.65
8.26
7.85
18.36
Debt ratio(%)
20.62
28.28
35.03
60.62
Net Operating Cash Flow/Net Profit(%)
-46.54
-143.47
-184.16
346.84

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)
0.2000
0.4400
0.4300
0.5900
Diluted Earnings Per Share
0.0000
0.4300
0.3900
0.5700
Net Asset Value Per Share (NAVPS)
5.3900
5.2700
7.3800
3.2000
Additional Paid-In Capital Per Share
2.6633
2.6397
4.4911
0.4491
Retained Earnings Per Share
1.5531
1.4566
1.6956
1.5685
Net Cash Flow From Operatings Activities Per Share
-0.0900
-0.6200
-1.0700
2.0400
Net Cash Flow Per Share
-0.4898
-1.6415
2.0880
0.8499

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)
1496.1458
1619.0725
1669.5062
892.9727
Total Liabilities(Million)
308.5461
457.9583
584.9854
541.0405
Current Liabilities(Million)
308.2727
457.9583
584.8979
541.0405
Long Term Liabilities(Million)
-
-
-
-
Cash And Cash Equivalents(Million)
85.7898
181.0636
495.7842
188.8432
Accounts Receivables(Million)
303.8652
256.1283
245.7638
180.5564
Deposit Received(Million)
2.8327
0.8178
4.5557
3.4959
Other Receivables(Million)
22.2086
15.56
10.4359
7.6681
Bad Debt Reserve(Million)
-
-
-
-
Shareholder's Equity/Owner's Equity(Million)
1187.5998
1161.1141
1084.5208
351.6425
Debt ratio(%)
20.62
28.28
35.03
60.62
Equity Ratio(%)
79.3700
71.7100
64.9600
39.3700
Current Ratio
2.7654
2.1016
2.1748
1.0149
Quick Ratio
1.8634
1.4753
1.7701
0.8008

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)
1201.3757
2031.4415
1615.8852
1009.132
Net Cash Flow From Operatings Activities(Million)
-20.1724
-137.6326
-156.7025
223.9292
Net Cash Flow From Operatings Activities Change(%)
-86.17
-12.17
-169.98
125.93
Net Cash Flow(Million)
-107.9924
-361.9501
306.9411
93.4911
Cash From Selling Commodities/Prime Revenue(%)
116.50
116.96
99.58
104.46
Net Cash Flow/Net Profit(%)
-249.16
-377.31
360.72
144.81
Cash Flow From Investing Activities(Million)
-54.8751
-223.1799
-167.0986
-66.6925
Cash Flow From Financing Activities(Million)
-35.6582
-1.1879
632.9081
-63.3662

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)
1031.1924
1736.9207
1622.7608
966.0601
Prime Operating Profit(Million)
-
-
-
-
Operating Costs(Million)
27.9661
48.1475
43.2061
32.3698
Administrative Costs(Million)
29.9663
38.8167
36.0885
23.6022
Financing Costs(Million)
-1.207
-0.5014
2.4627
3.3364
Above Three Costs Change(%)
-13.18
5.76
37.85
-20.13
Operating Profit(Million)
52.0913
128.971
103.585
86.3267
Income From Investment(Million)
-
-
-
-
Government Subsidies(Million)
-
-
-
-
Net Non-Operating Income And Expense(Million)
5.4854
0.3547
11.9817
1.8992
Total Profit(Million)
57.5767
129.3257
115.5667
88.2259
Corporate Income Tax(Million)
14.2333
33.3978
30.4762
23.6628
Net Profit(Million)
43.3434
95.9279
85.0905
64.5631
Gross Profit Ratio(%)
11.13
12.64
11.85
15.78
Operating Margin(%)
5.05
7.42
6.38
8.93
Return On Equity(ROE)(%)
3.65
8.26
7.85
18.36

Announcements for Jiangsu Changfa Refrigeration Co.,Ltd.

Date: 2012-10-30
Title: EGM RESOLUTION
The Company held its 2nd Extraordinary General Meeting of 2012 on 27 October 2012, during which the following proposal(s) was/were approved:
1. Re-election of directors (cumulative voting system is applicable)
1.1. Election of non-independent directors
1.1.1. Election of Huang Xiaoping as director
1.1.2. Election of Tan Naicheng as director
1.1.3. Election of Huang Shanping as director
1.1.4. Election of Pan Guoping as director
1.2. Election of independent directors
1.2.1. Election of Zhu Guocheng as independent director
1.2.2. Election of Gan Weimin as independent director
1.2.3. Election of Ju Hefeng as independent director
2. Re-election of supervisors (cumulative voting system is applicable)
2.1. Election of Tang Jinlong as supervisor
2.2. Election of Huang Zhaoxing as supervisor
Date: 2012-10-11
Title: EGM-SPOT
The Company will hold the 2nd Extraordinary General Meeting of 2012 at 10:30 on 27 October 2012.

Meeting agenda:
1. Re-election of directors (cumulative voting system is applicable)
1.1. Election of non-independent directors
1.1.1. Election of Huang Xiaoping as director
1.1.2. Election of Tan Naicheng as director
1.1.3. Election of Huang Shanping as director
1.1.4. Election of Pan Guoping as director
1.2. Election of independent directors
1.2.1. Election of Zhu Guocheng as independent director
1.2.2. Election of Gan Weimin as independent director
1.2.3. Election of Ju Hefeng as independent director
2. Re-election of supervisors (cumulative voting system is applicable)
2.1. Election of Tang Jinlong as supervisor
2.2. Election of Huang Zhaoxing as supervisor


Meeting attendees:
1. A-share holders registered at CSDCC Shenzhen after the close of trading on 19 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 23 October 2012 to 23 October 2012
Date: 2012-08-22
Title: EGM RESOLUTION
The Company held its 1st Extraordinary General Meeting of 2012 on 21 August 2012, during which the following proposal(s) was/were approved:
1. Amendments to the Company's articles of association
2. Plan on the shareholders' return for the next three years from 2012 to 2014
Date: 2012-08-17
Title: EGM REMINDER
The Company will hold the 1st Extraordinary General Meeting of 2012 at 14:30 on 21 August 2012.

Meeting agenda:
1. Amendments to the Company's articles of association
2. Plan on the shareholders' return for the next three years from 2012 to 2014


Meeting attendees:
1. A-share holders registered at CSDCC Shenzhen after the close of trading on 15 August 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 17 August 2012 to 17 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: 21 August 2012
Voting code:362413
Voting abbreviation:Changfa 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 20 August 2012 to 21 August 2012.
Date: 2012-08-01
Title: EGM-ONLINE
The Company will hold the 1st Extraordinary General Meeting of 2012 at 14:30 on 21 August 2012.

Meeting agenda:
1. Amendments to the Company's articles of association
2. Plan on the shareholders' return for the next three years from 2012 to 2014


Meeting attendees:
1. A-share holders registered at CSDCC Shenzhen after the close of trading on 15 August 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: 17 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: 21 August 2012
Voting code:362413
Voting abbreviation:Changfa 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 20 August 2012 to 21 August 2012.
Date: 2012-06-11
Title: DIVIDEND IMPLEMENTATION (CASH ONLY)
2011 final distribution plan to be implemented (A shares):

1. Cash dividend/10 shares (tax included): CNY1.00000000
2. Bonus issue from profit (share/10 shares): none
3. Bonus issue from capital reserve (share/10 shares): none


Record date: 15 June 2012
Ex-date: 18 June 2012
Payment date: 18 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: CNY0.10000000(10 percent x CNY1.00000000)
Net cash dividend/10 shares after tax: CNY0.90000000(CNY1.00000000- CNY0.10000000)
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 financial resolution report
4. 2011 annual report and its summary
5. 2011 profit distribution plan
6. Determination of the total amount of 2012 bank credit line
7. Reappointment of audit firm
8. Amendments to the Company's articles of association
The detailed profit distribution plan are as follows:
1) Cash dividend/10 shares (tax included): CNY1.00000000
2) Bonus issue from profit (share/10 shares): none
3) Bonus issue from capital reserve (share/10 shares): none.
Date: 2012-04-24
Title: FINAL DIVIDEND
The Company issued its 2011 annual report on 24 April 2012.

The profit distribution proposal for 2011:
1. Cash dividend/10 shares (tax included): CNY1.00000000
2. Bonus issue from profit (share/10 shares):none
3. Bonus issue from capital reserve (share/10 shares):none.
Date: 2012-04-24
Title: AGM-SPOT
The Company will hold the 2011 Annual General Meeting at 10:00 on 15 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. Determination of the total amount of 2012 bank credit line
7. Reappointment of audit firm
8. Amendments to the Company's articles of association
The detailed profit distribution plan are as follows:
1) Cash dividend/10 shares (tax included): CNY1.00000000
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 09 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: 11 May 2012
Date: 2011-11-16
Title: EGM-SPOT
The Company will hold the 3rd Extraordinary General Meeting of 2011 at 10:00 on 02 December 2011.

Meeting agenda:
1. Investment in a project with surplus excessive raised funds

Meeting attendees:
1. A-share holders registered at CSDCC Shenzhen after the close of trading on 25 November 2011 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: 28 November 2011