Jiangsu Lianfa Textile Co.Ltd.



Quote for Jiangsu Lianfa Textile Co.Ltd.

Last Trade:
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Symbol/Code:
002394
Status:
-
Stock Type:
A Share
Market Cap:
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Currency in CNY Time=UTC+8002394 quote

Summary for Jiangsu Lianfa Textile Co.Ltd.

Jiangsu lianfa textile Co.Ltd. is principally engaged in the production and distribution of purified cotton yarn-dyed fabrics, cotton yarns, special fibers and shirts. The Company is also involved in the dyeing and processing business. The Company's cotton yarns are mainly applied in knitting, weaving, jean and decoration textiles. Its yarn-dyed fabrics are primarily used in the manufacturing of shirts and other clothes. The Company distributes its products in domestic markets and to overseas markets, including Japan, Europe and the United States.

Profile for Jiangsu Lianfa Textile Co.Ltd.

Full Name:Jiangsu Lianfa Textile Co.Ltd.
Full Name in Chinese:江苏联发纺织股份有限公司 Short Name in Chinese:联发股份
Symbol/Stock Code:
002394
Listed in:
Shanghai Stock Exchange
Issued Capital
-
Negotiable Capital:
-
Chairman:
Xue Qinglong
Secretary of the Board:
Wang Yixin
Phone:
+86-513-88869069
Fax:
+86-513-88869069
Official Website:www.lianfa.cn
E-mail:panzg@gl.lianfa.cn
Address:No.88, Henglian Road,Chengdong Town, Ha’an County,Nantong JNG 226600
IPO Subscription Date:
2010-04-14
Listing Date:
2010-04-23
IPO Issued Capital:
27000000
IPO Price:
45 CNY
IPO fees:
61040000 CNY
Money Raised by IPO:
1215000000 CNY
IPO Par Value:
1.00 CNY
Net Money Raised:
1153960000 CNY
Open(Listing day):
59.10 CNY
Close(Listing day):
62.00 CNY
Diluted P/E ratio after IPO:
31.4700
Turnover rate(listing day):
66.93%

Financials for Jiangsu Lianfa Textile Co.Ltd.

UPDATE:2012-10-24 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)
137.5149
296.5001
204.7994
161.1349
Net Profit Growth(%)
-27.18
44.77
27.09
76.73
Return On Equity(ROE)(%)
6.39
14.20
11.04
31.00
Debt ratio(%)
21.21
19.15
24.45
56.30
Net Operating Cash Flow/Net Profit(%)
159.79
117.92
72.57
142.83

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)
0.6400
1.3700
1.0400
1.9900
Diluted Earnings Per Share
0.0000
1.3300
0.9700
1.9000
Net Asset Value Per Share (NAVPS)
9.9700
9.6700
17.2000
6.4300
Additional Paid-In Capital Per Share
5.4979
5.4979
11.9957
1.9515
Retained Earnings Per Share
3.1736
2.8803
3.8408
3.1804
Net Cash Flow From Operatings Activities Per Share
1.0200
1.6200
1.3800
2.8400
Net Cash Flow Per Share
0.4906
-1.2270
6.8308
0.2612

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)
2831.9222
2653.4523
2527.9689
1291.8557
Total Liabilities(Million)
600.7426
508.2398
618.1923
727.4119
Current Liabilities(Million)
599.0608
506.3898
596.3423
564.5619
Long Term Liabilities(Million)
-
-
-
-
Cash And Cash Equivalents(Million)
723.3629
650.5594
882.832
145.7899
Accounts Receivables(Million)
295.5339
227.6144
188.7298
171.2153
Deposit Received(Million)
31.434
33.4839
43.2679
16.9289
Other Receivables(Million)
10.9654
14.243
29.5355
5.2997
Bad Debt Reserve(Million)
-
-
-
-
Shareholder's Equity/Owner's Equity(Million)
2150.6773
2087.4063
1855.7022
519.8129
Debt ratio(%)
21.21
19.15
24.45
56.30
Equity Ratio(%)
75.9400
78.6600
73.4000
40.2300
Current Ratio
2.6276
2.8102
2.5772
0.8988
Quick Ratio
1.8854
1.9375
1.8909
0.5992

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)
1853.6224
2820.7707
2290.4282
1670.6185
Net Cash Flow From Operatings Activities(Million)
219.7332
349.6313
148.629
230.1498
Net Cash Flow From Operatings Activities Change(%)
-25.78
135.24
-35.42
20.01
Net Cash Flow(Million)
105.8673
-264.7926
737.0421
21.13
Cash From Selling Commodities/Prime Revenue(%)
95.42
102.53
102.77
109.28
Net Cash Flow/Net Profit(%)
76.99
-89.31
359.88
13.11
Cash Flow From Investing Activities(Million)
-95.769
-473.6155
-334.9109
-182.7681
Cash Flow From Financing Activities(Million)
-23.2247
-140.9984
923.0872
-26.6684

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)
1942.596
2751.2298
2228.7527
1528.7653
Prime Operating Profit(Million)
-
-
-
-
Operating Costs(Million)
100.9808
96.3891
74.3439
55.4216
Administrative Costs(Million)
72.7654
81.3491
73.8218
44.6962
Financing Costs(Million)
0.7967
15.8697
29.9633
24.0343
Above Three Costs Change(%)
18.86
8.69
43.48
-7.98
Operating Profit(Million)
195.3818
394.719
283.2875
219.2174
Income From Investment(Million)
-
-4.2631
10.0813
-
Government Subsidies(Million)
-
-
-
-
Net Non-Operating Income And Expense(Million)
5.6353
14.1131
11.5312
10.0108
Total Profit(Million)
201.0171
408.8321
294.8187
229.2282
Corporate Income Tax(Million)
56.2655
102.2822
70.8484
49.1048
Net Profit(Million)
137.5149
296.5001
204.7994
161.1349
Gross Profit Ratio(%)
20.26
22.19
20.73
22.77
Operating Margin(%)
10.05
14.34
12.71
14.33
Return On Equity(ROE)(%)
6.39
14.20
11.04
31.00

Announcements for Jiangsu Lianfa Textile Co.Ltd.

Date: 2012-08-31
Title: DIVIDEND IMPLEMENTATION (CASH ONLY)
2012 interim distribution plan to be implemented (A shares):

1. Cash dividend/10 shares (tax included): CNY1.50000000
2. Bonus issue from profit (share/10 shares): none
3. Bonus issue from capital reserve (share/10 shares): none


Record date: 06 September 2012
Ex-date: 07 September 2012
Payment date: 07 September 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: CNY0.15000000(10 percent x CNY1.50000000)
Net cash dividend/10 shares after tax: CNY1.35000000(CNY1.50000000- CNY0.15000000)
Date: 2012-08-23
Title: EGM RESOLUTION
The Company held its 2nd Extraordinary General Meeting of 2012 on 22 August 2012, during which the following proposal(s) was/were approved:
1. 2012 interim profit distribution plan: cash dividend/10 shares (tax included): CNY1.5000
2. Amendments to the Company's articles of association
Date: 2012-08-07
Title: INTERIM DIVIDEND
The Company issued its 2012 interim report on 07 August 2012.

The profit distribution proposal for 2012:
1. Cash dividend/10 shares (tax included): CNY1.50000000
2. Bonus issue from profit (share/10 shares):none
3. Bonus issue from capital reserve (share/10 shares):none.
Date: 2012-08-07
Title: EGM-SPOT
The Company will hold the 2nd Extraordinary General Meeting of 2012 at 09:30 on 22 August 2012.

Meeting agenda:
1. 2012 interim profit distribution plan: cash dividend/10 shares (tax included): CNY1.5000
2. Amendments to the Company's articles of association


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: 21 August 2012
Date: 2012-06-14
Title: EGM RESOLUTION
The Company held its 1st Extraordinary General Meeting of 2012 on 13 June 2012, during which the following proposal(s) was/were approved:
1. The eligibility for corporate bonds issue
2. Scheme for corporate bonds issue
3. Authorization to the board to handle matters in relation to corporate bonds issue within the scope set out by the relevant laws and regulations
4. Authorization to the board to take the appropriate measures in the event that principal and interest on bonds cannot be expected to pay back on time, or principal and interest on bonds fail to pay back on time at maturity.
Date: 2012-05-29
Title: EGM-ONLINE
The Company will hold the 1st Extraordinary General Meeting of 2012 at 14:00 on 13 June 2012.

Meeting agenda:
1. The eligibility for corporate bonds issue
2. Scheme for corporate bonds issue
3. Authorization to the board to handle matters in relation to corporate bonds issue within the scope set out by the relevant laws and regulations
4. Authorization to the board to take the appropriate measures in the event that principal and interest on bonds cannot be expected to pay back on time, or principal and interest on bonds fail to pay back on time at maturity

Meeting attendees:
1.A-share holders registered at CSDCC Shenzhen after the close of trading on 07 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: 12 June 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: 13 June 2012
Voting code:362394
Voting abbreviation:Lianfa 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 12 June 2012 to 13 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: 29 May 2012
Ex-date: 30 May 2012
Payment date: 30 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: 2012-05-15
Title: AGM RESOLUTION
The Company held its Annual General Meeting of 2011 on 13 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. Reappointment of audit firm
7. Planned transfer of equipments of some projects invested with raised funds
8. Amendments to the Company's rules of procedures governing the board meetings
9. Expansion of business scope
10. 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: 2012-04-23
Title: FINAL DIVIDEND
The Company issued its 2011 annual report on 23 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: 2012-04-23
Title: AGM-SPOT
The Company will hold the 2011 Annual General Meeting at 09:30 on 13 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. Reappointment of audit firm
7. Planned transfer of equipments of some projects invested with raised funds
8. Amendments to the Company's rules of procedures governing the board meetings
9. Expansion of business scope
10. 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 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: 12 May 2012