Jiangsu Huahong Technology Stock Co., Ltd.



Quote for Jiangsu Huahong Technology Stock Co., Ltd.

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Symbol/Code:
002645
Status:
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Stock Type:
A Share
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Currency in CNY Time=UTC+8002645 quote

Summary for Jiangsu Huahong Technology Stock Co., Ltd.

Jiangsu Huahong Technology Stock Co., Ltd. is principally engaged in the research, development, production and distribution of renewable resource processing equipment. The Company mainly provides metal packaging equipment, metal cutting equipment, waste steel breaking production lines and other metal renewable resource processing equipment, as well as nonmetal packaging and compressing equipment, among others. The Company's products are mainly applied in waste metal, waste plastic, waste paper and household garbage renewable treatment fields of renewable resource recovery industry.

Profile for Jiangsu Huahong Technology Stock Co., Ltd.

Full Name:Jiangsu Huahong Technology Stock Co., Ltd.
Full Name in Chinese:江苏华宏科技股份有限公司 Short Name in Chinese:华宏科技
Symbol/Stock Code:
002645
Listed in:
Shenzhen Stock Exchange
Issued Capital
-
Negotiable Capital:
-
Chairman:
Hu Shiyong
Secretary of the Board:
Hu Bin
Phone:
+86-510-80629685
Fax:
+86-510-80629683
Official Website:www.hhyyjx.net
E-mail:hhkj@hhyyjx.com
Address:Huahong Technology Mansion,No. 11 Chengyang Road, Zhouzhu,JIANGYIN JNG 214400
IPO Subscription Date:
2011-12-12
Listing Date:
2011-12-20
IPO Issued Capital:
16670000
IPO Price:
27 CNY
IPO fees:
33930800 CNY
Money Raised by IPO:
450090000 CNY
IPO Par Value:
1.00 CNY
Net Money Raised:
416159200 CNY
Open(Listing day):
27.00 CNY
Close(Listing day):
25.42 CNY
Diluted P/E ratio after IPO:
40.6000
Turnover rate(listing day):
47.53%

Financials for Jiangsu Huahong Technology Stock Co., Ltd.

UPDATE:2012-10-21 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)
31.5328
60.2415
44.9223
36.2336
Net Profit Growth(%)
-29.39
34.10
23.97
23.28
Return On Equity(ROE)(%)
4.87
9.57
23.25
24.43
Debt ratio(%)
17.19
28.94
42.46
46.01
Net Operating Cash Flow/Net Profit(%)
-93.29
115.09
124.25
176.67

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)
0.2628
1.2048
0.8984
0.7247
Diluted Earnings Per Share
0.0000
1.1586
0.8873
0.7192
Net Asset Value Per Share (NAVPS)
5.4000
9.4400
3.8600
2.9700
Additional Paid-In Capital Per Share
2.9070
6.0325
0.0540
0.0540
Retained Earnings Per Share
1.2872
2.0440
2.4412
1.6325
Net Cash Flow From Operatings Activities Per Share
-0.2500
1.0400
1.1200
1.2800
Net Cash Flow Per Share
-1.0213
5.8463
0.6688
-0.0956

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)
782.3858
886.1267
335.8386
278.8415
Total Liabilities(Million)
134.5517
256.4914
142.604
128.3083
Current Liabilities(Million)
134.5517
256.4914
142.604
128.3083
Long Term Liabilities(Million)
-
-
-
-
Cash And Cash Equivalents(Million)
361.8145
485.3672
93.5614
60.1217
Accounts Receivables(Million)
71.9817
41.5012
28.0298
30.3484
Deposit Received(Million)
39.1026
83.7412
21.0395
13.5432
Other Receivables(Million)
4.5122
4.2683
0.9535
0.6518
Bad Debt Reserve(Million)
-
-
-
-
Shareholder's Equity/Owner's Equity(Million)
647.8341
629.6352
193.2346
148.3123
Debt ratio(%)
17.19
28.94
42.46
46.01
Equity Ratio(%)
82.8000
71.0500
57.5300
53.1800
Current Ratio
4.5578
2.8498
1.5586
1.3439
Quick Ratio
3.4879
2.1930
0.9081
0.8173

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)
362.5653
704.0595
540.2485
375.3286
Net Cash Flow From Operatings Activities(Million)
-29.4179
69.331
55.8173
64.0152
Net Cash Flow From Operatings Activities Change(%)
-171.11
24.21
-12.81
70.82
Net Cash Flow(Million)
-122.5585
389.773
33.4397
-4.7805
Cash From Selling Commodities/Prime Revenue(%)
97.96
123.67
118.86
110.48
Net Cash Flow/Net Profit(%)
-388.67
647.02
74.44
-13.19
Cash Flow From Investing Activities(Million)
-33.9902
-58.6527
-20.3465
-17.8039
Cash Flow From Financing Activities(Million)
-59.1503
379.0947
-2.0311
-50.9919

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)
370.1168
569.2962
454.5362
339.7183
Prime Operating Profit(Million)
-
-
-
-
Operating Costs(Million)
20.7362
31.3408
25.2573
18.8182
Administrative Costs(Million)
35.3153
46.0018
33.4837
27.9158
Financing Costs(Million)
-6.4051
1.4862
0.896
2.0208
Above Three Costs Change(%)
-17.57
32.18
22.32
-4.86
Operating Profit(Million)
36.557
69.0435
51.6519
41.9105
Income From Investment(Million)
-
-
-0.0202
-
Government Subsidies(Million)
-
-
-
-
Net Non-Operating Income And Expense(Million)
0.5404
1.657
0.6778
0.3228
Total Profit(Million)
37.0975
70.7005
52.3297
42.2333
Corporate Income Tax(Million)
5.5646
10.459
7.4074
6.0189
Net Profit(Million)
31.5328
60.2415
44.9223
36.2336
Gross Profit Ratio(%)
24.92
26.57
25.26
28.04
Operating Margin(%)
9.87
12.12
11.36
12.33
Return On Equity(ROE)(%)
4.87
9.57
23.25
24.43

Announcements for Jiangsu Huahong Technology Stock Co., Ltd.

Date: 2012-08-21
Title: EGM RESOLUTION
The Company held its 2nd Extraordinary General Meeting of 2012 on 20 August 2012, during which the following proposal(s) was/were approved:
1. Amendments to the Company's articles of association
Date: 2012-07-09
Title: EGM RESOLUTION
The Company held its 1st Extraordinary General Meeting of 2012 on 07 July 2012, during which the following proposal(s) was/were approved:
1. Expansion of the Company's business scope
2. Amendments to the Company's articles of association.
Date: 2012-05-08
Title: DIVIDEND IMPLEMENTATION (CASH AND BONUS ISSUE)
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): 8.0000


Record date: 11 May 2012
Ex-date: 14 May 2012
Payment date: 14 May 2012
Listing date of the bonus issues: 14 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 02 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 profit distribution plan
5. Appointment of audit firm
6. 2011 annual report and its summary
7. 2012 allowance for independent directors
8. Resignation of supervisors and election of Li Jiannan as supervisor
9. Amendments to the Company's rules of procedures governing shareholders' general meetings
10. Amendments to the Company's rules of procedures governing the board meetings
11. Amendments to the Company's rules of procedures governing meetings of the supervisory committee
12. Amendments to the management measures for external guarantee
13. Amendments to the management measures for external investment
14. Amendments to decision-making system on connected transactions
15. Formulation of implementation rules for accumulative voting system at shareholders' meeting
16. Mandate to the board to handle the changes in industrial and commercial registration
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): 8.00.
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):8.0000.
Date: 2012-04-10
Title: AGM-SPOT
The Company will hold the 2011 Annual General Meeting at 09:30 on 02 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 profit distribution plan
5. Appointment of audit firm
6. 2011 annual report and its summary
7. 2012 allowance for independent directors
8. Resignation of supervisors and election of Li Jiannan as supervisor
9. Amendments to the Company's rules of procedures governing shareholders' general meetings
10. Amendments to the Company's rules of procedures governing the board meetings
11. Amendments to the Company's rules of procedures governing meetings of the supervisory committee
12. Amendments to the management measures for external guarantee
13. Amendments to the management measures for external investment
14. Amendments to decision-making system on connected transactions
15. Formulation of implementation rules for accumulative voting system at shareholders' meeting
16. Mandate to the board to handle the changes in industrial and commercial registration
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): 8.0000

Meeting attendees:
1. A-share holders registered at CSDCC Shenzhen after the close of trading on 25 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: 27 April 2012
Date: 2012-03-15
Title: PLACING SHARE LISTING
The Company's 3.3 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 20 March 2012.
Date: 2011-12-19
Title: IPO SHARE LISTING
The Company issued a total of 16.67 million shares (code:002645) in its initial public offering. Of the shares,13.37 million shares will be listed on the Shenzhen Stock Exchange on 20 December 2011 while the remainder will become tradable three months later.
Date: 2011-12-09
Title: IPO-ONLINE SUBSCRIPTION
Jiangsu Huahong Technology Stock Co., Ltd. has been approved by the China Securities Regulatory Commission (the CSRC) to issue 16.670000 million A-shares in its initial public offering.
1. Class: A shares
2. Stock code: 002645
3. Stock abbreviation: Huahong Technology
4. Issuing volume: 16.670000 million shares
5. Par value: CNY1.00 per share
6. Issuing mechanism: a book building process will be conducted with a combination of online public offering and offline placement.
7. Targeted listing bourse: Shenzhen Stock Exchange
8. Offline placement volume: 3.300000 million shares
9. Online offering volume: 13.370000 million shares
10. Price: CNY27.00 per share
11. Offline subscription period: 12 December 2011
12. Online subscription date: 12 December 2011.
Date: 2011-12-02
Title: IPO
Jiangsu Huahong Technology Stock Co., Ltd. has been approved by the China Securities Regulatory Commission (the CSCR) to issue 16.6700 million A-shares in its initial public offering, which is structured as follows:
1.Class: A shares
2.Size: 16.6700 million shares
3.Par value: CNY1.00 per share
4.Issuing mechanism: a book building process will be conducted with a combination of online public offering and offline placement.
5.Targeted listing bourse: Shenzhen Stock Exchange
6.Offline placement volume: 3.3000 million shares
7.Online offering volume:13.3700 million shares
8.IPO price inquiry period: from 05 December 2011 to 07 December 2011
9.IPO price determined: 09 December 2011
10.Offline subscription date:12 December 2011
11.Online subscription date: 12 December 2011
12.Expected listing date:N/A.