Jiangsu Kuangda Automobile Textile Group Co.,Ltd.



Quote for Jiangsu Kuangda Automobile Textile Group Co.,Ltd.

Last Trade:
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Symbol/Code:
002516
Status:
-
Stock Type:
A Share
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Currency in CNY Time=UTC+8002516 quote

Summary for Jiangsu Kuangda Automobile Textile Group Co.,Ltd.

JIANGSU KUANGDA AUTOMOBILE TEXTILE GROUP CO., LTD. is principally engaged in the research, development, manufacture and distribution of fabrics for automobiles and colored differential polyester yarns. It provides fabrics for automobile interior decorations, including woven fabrics, warp knitted fabrics and weft knitted fabrics, which are applied in the manufacture of automobile seats, door planks and head rests; differential polyester yarns, as well as automobile seat covers. The Company distributes its products within domestic market and to overseas markets.

Profile for Jiangsu Kuangda Automobile Textile Group Co.,Ltd.

Full Name:Jiangsu Kuangda Automobile Textile Group Co.,Ltd.
Full Name in Chinese:江苏旷达汽车织物集团股份有限公司 Short Name in Chinese:江苏旷达
Symbol/Stock Code:
002516
Listed in:
Shenzhen Stock Exchange
Issued Capital
-
Negotiable Capital:
-
Chairman:
Shen Jieliang
Secretary of the Board:
Xu Qiu
Phone:
+86-519-86159358
Fax:
+86-519-86549358
Official Website:www.kuangdacn.com
E-mail:dongmi@kuangdacn.com
Address:No.1, Kuangda Road,Panjia, Xueyan Town, Wujin Distr,Changzhou 213179
IPO Subscription Date:
2010-11-24
Listing Date:
2010-12-07
IPO Issued Capital:
50000000
IPO Price:
20.1 CNY
IPO fees:
54952800 CNY
Money Raised by IPO:
1005000000 CNY
IPO Par Value:
1.00 CNY
Net Money Raised:
950047200 CNY
Open(Listing day):
24.12 CNY
Close(Listing day):
23.25 CNY
Diluted P/E ratio after IPO:
59.1200
Turnover rate(listing day):
67.10%

Financials for Jiangsu Kuangda Automobile Textile 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)
100.9084
121.7021
113.7387
72.1061
Net Profit Growth(%)
13.92
7.00
57.73
87.46
Return On Equity(ROE)(%)
6.21
7.73
7.75
18.17
Debt ratio(%)
13.36
14.02
12.47
56.33
Net Operating Cash Flow/Net Profit(%)
147.15
33.11
49.85
82.73

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)
0.4000
0.4900
0.5900
0.4800
Diluted Earnings Per Share
0.0000
0.4400
0.5700
0.4600
Net Asset Value Per Share (NAVPS)
6.5000
6.2900
7.3400
2.6500
Additional Paid-In Capital Per Share
3.8597
3.8597
5.0543
0.6906
Retained Earnings Per Share
1.4945
1.2909
1.1551
0.8937
Net Cash Flow From Operatings Activities Per Share
0.5900
0.1600
0.2800
0.4000
Net Cash Flow Per Share
0.1449
-0.5061
3.4409
0.1037

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)
1887.6157
1839.7227
1677.066
944.7645
Total Liabilities(Million)
252.3485
258.0997
209.2414
532.2118
Current Liabilities(Million)
252.3485
258.0997
209.2414
532.2118
Long Term Liabilities(Million)
-
-
-
-
Cash And Cash Equivalents(Million)
708.7915
683.3528
824.0685
201.3558
Accounts Receivables(Million)
268.0467
271.7437
172.0284
146.2058
Deposit Received(Million)
8.1603
5.6843
5.5089
2.4013
Other Receivables(Million)
3.1169
2.0242
2.1717
1.9441
Bad Debt Reserve(Million)
-
-
-
-
Shareholder's Equity/Owner's Equity(Million)
1624.4291
1573.5265
1467.8246
396.8839
Debt ratio(%)
13.36
14.02
12.47
56.33
Equity Ratio(%)
86.0500
85.5300
87.5200
42.0000
Current Ratio
5.1790
4.9951
5.8366
0.9466
Quick Ratio
4.4782
4.2702
5.2207
0.7855

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)
686.4959
615.8792
523.8854
469.0218
Net Cash Flow From Operatings Activities(Million)
148.4823
40.2977
56.6974
59.6507
Net Cash Flow From Operatings Activities Change(%)
397.43
-28.93
-4.95
-37.17
Net Cash Flow(Million)
36.2328
-126.5335
688.1876
15.5616
Cash From Selling Commodities/Prime Revenue(%)
80.77
60.24
67.00
79.45
Net Cash Flow/Net Profit(%)
35.91
-103.97
605.06
21.58
Cash Flow From Investing Activities(Million)
-63.6962
-160.6865
-35.5286
-6.06
Cash Flow From Financing Activities(Million)
-48.547
-6.0745
667.0836
-38.0191

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)
849.9686
1022.3508
781.8817
590.3681
Prime Operating Profit(Million)
-
-
-
-
Operating Costs(Million)
20.0911
23.3277
17.9633
15.1319
Administrative Costs(Million)
81.7835
105.6571
87.518
72.625
Financing Costs(Million)
-6.5774
-8.633
12.3537
16.6187
Above Three Costs Change(%)
22.17
2.14
12.90
12.15
Operating Profit(Million)
127.7429
141.0156
145.002
98.4329
Income From Investment(Million)
-
-
9.0513
4.6586
Government Subsidies(Million)
-
-
-
-
Net Non-Operating Income And Expense(Million)
1.9617
12.6265
-4.7714
0.8461
Total Profit(Million)
129.7046
153.6421
140.2306
99.279
Corporate Income Tax(Million)
24.1677
29.8434
26.5252
24.3063
Net Profit(Million)
100.9084
121.7021
113.7387
72.1061
Gross Profit Ratio(%)
27.19
26.66
33.51
34.71
Operating Margin(%)
15.02
13.79
18.54
16.67
Return On Equity(ROE)(%)
6.21
7.73
7.75
18.17

Announcements for Jiangsu Kuangda Automobile Textile Group Co.,Ltd.

Date: 2012-08-24
Title: EGM RESOLUTION
The Company held its 1st Extraordinary General Meeting of 2012 on 23 August 2012, during which the following proposal(s) was/were approved:
1. Amendments to the Company's articles of association
2. Formulation of shareholders' return plan for the next three years from 2012 to 2014
3. By-election of directors
Date: 2012-08-03
Title: EGM-SPOT
The Company will hold the 1st Extraordinary General Meeting of 2012 at 10:00 on 23 August 2012.

Meeting agenda:
1. Amendments to the Company's articles of association
2. Formulation of shareholders' return plan for the next three years from 2012 to 2014
3. By-election of directors


Meeting attendees:
1. A-share holders registered at CSDCC Shenzhen after the close of trading on 20 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: 22 August 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: 2012-05-11
Title: AGM RESOLUTION
The Company held its Annual General Meeting of 2011 on 10 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. 2012 financial budget report
5. 2011 profit distribution plan
6. 2011 annual report and its summary
7. 2011 special report on the deposit and use of raised funds
8. Appointment of audit firm
9. Amendments to the Company's articles of association
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: 2012-04-18
Title: FINAL DIVIDEND
The Company issued its 2011 annual report on 18 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: 2012-04-18
Title: AGM-SPOT
The Company will hold the 2011 Annual General Meeting at 09:30 on 10 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. 2012 financial budget report
5. 2011 profit distribution plan
6. 2011 annual report and its summary
7. 2011 special report on the deposit and use of raised funds
8. Appointment of audit firm
9. Amendments to the Company's articles of association
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 07 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: 09 May 2012
Date: 2011-12-02
Title: RESTRICTED SHARE LISTING
Among the Company's 50335695 restricted shares to be unlocked on 07 December 2011, 50335695 of them will be tradable on the Shenzhen Stock Exchange on that day.
Date: 2011-06-28
Title: EGM-SPOT
THE CO WILL HOLD THE 2ND EGM OF 2011 AT 09:30 ON 15JUL11.

MEETING AGENDA:
1. INCREASE IN REGISTERED CAPITAL
2. AMENDMENTS TO THE ARTICLES OF ASSOCIATION
3. BY-ELECTION OF SUPERVISORS

MEETING ATTENDEES:
1. A-SHARE HOLDERS REGISTERED AT CSDCC SZN AFTER THE CLOSE OF TRADING ON 11JUL11 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: 14JUL11
Date: 2011-05-31
Title: DIVIDEND IMPLEMENTATION (CASH AND BONUS ISSUE)
2010 FINAL DISTRIBUTION PLAN TO BE IMPLEMENTED (A SHARES):

1. CASH DIVIDEND/10 SHARES (TAX INCLUDED): CNY1.0000
2. BONUS ISSUE FROM PROFIT (SHARE/10 SHARES): NONE
3. BONUS ISSUE FROM CAPITAL RESERVE (SHARE/10 SHARES): 2.50


RECORD DATE: 07JUN11
EX-DATE: 08JUN11
PAYMENT DATE: 08JUN11
LISTING DATE OF THE BONUS ISSUES: 08JUN11
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 0.100000(10 PERCENT X CNY 1.000000)
NET CASH DIVIDEND/10 SHARES AFTER TAX: CNY 0.900000(CNY 1.000000- CNY0.100000)
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 FINANCIAL RESOLUTION REPORT
4. 2011 FINANCIAL BUDGET REPORT
5. 2010 PROFIT DISTRIBUTION PLAN
6. 2010 ANNUAL REPORT AND ITS SUMMARY
7. RE-APPOINTMENT OF AUDIT FIRM
8. TO CONDUCT TWO PHASE-2 PROJECTS
9. SPECIAL REPORT ON THE DEPOSIT AND USE OF RAISED FUNDS IN 2010
THE DETAILED PROFIT DISTRIBUTION PLAN ARE AS FOLLOWS:
1) CASH DIVIDEND/10 SHARES (TAX INCLUDED): CNY1.0000
2) BONUS ISSUE FROM PROFIT (SHARE/10 SHARES): NONE
3) BONUS ISSUE FROM CAPITAL RESERVE (SHARE/10 SHARES): 2.50