Jiangsu NanFang Bearing Co.,Ltd.



Quote for Jiangsu NanFang Bearing Co.,Ltd.

Last Trade:
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Symbol/Code:
002553
Status:
-
Stock Type:
A Share
Market Cap:
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Update:-
Currency in CNY Time=UTC+8002553 quote

Summary for Jiangsu NanFang Bearing Co.,Ltd.

Jiangsu NanFang Bearing Co., Ltd. is principally engaged in the research, development, manufacture and distribution of thrust needle bearings and overrunning clutches. The Company provides thrust needle bearings, which are applied in automobile and motorcycle starting motors, specialty systems, anti-lock braking systems (ABSs) and electronic stability program (ESPs); single bearing units, including overrunning clutches, such as tri-cylindrical clutches, sprag clutches and clutch bearings, which are applied in the manufacture of automobile torque converters, motorcycle magnetic motors and high-voltage switches, among others, as well as bearing accessories.

Profile for Jiangsu NanFang Bearing Co.,Ltd.

Full Name:Jiangsu NanFang Bearing Co.,Ltd.
Full Name in Chinese:江苏南方轴承股份有限公司 Short Name in Chinese:南方轴承
Symbol/Stock Code:
002553
Listed in:
Shenzhen Stock Exchange
Issued Capital
-
Negotiable Capital:
-
Chairman:
Shi Jianwei
Secretary of the Board:
Shi Yanmin
Phone:
+86-519-89810127
Fax:
+86-519-89810195
Official Website:www.nf-bearings.com
E-mail:zhengquanbu@nf-bearings.com
Address:No. 9,Wujin High-Tech Development Zone,CHANGZHOU JNG 213161
IPO Subscription Date:
2011-02-16
Listing Date:
2011-02-25
IPO Issued Capital:
22000000
IPO Price:
17 CNY
IPO fees:
38269300 CNY
Money Raised by IPO:
374000000 CNY
IPO Par Value:
1.00 CNY
Net Money Raised:
335730700 CNY
Open(Listing day):
20.50 CNY
Close(Listing day):
25.16 CNY
Diluted P/E ratio after IPO:
60.7100
Turnover rate(listing day):
86.34%

Financials for Jiangsu NanFang Bearing Co.,Ltd.

UPDATE:2012-10-22 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)
29.144
37.9204
36.0066
25.9307
Net Profit Growth(%)
2.22
5.31
38.85
20.38
Return On Equity(ROE)(%)
5.30
7.16
23.07
20.49
Debt ratio(%)
6.58
7.21
44.89
40.78
Net Operating Cash Flow/Net Profit(%)
137.30
95.33
116.25
71.19

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)
0.3350
0.4550
0.5539
0.3989
Diluted Earnings Per Share
0.0000
0.4262
0.5469
0.3754
Net Asset Value Per Share (NAVPS)
6.3200
6.0900
2.4000
1.9500
Additional Paid-In Capital Per Share
3.6496
3.6496
0.0583
0.0583
Retained Earnings Per Share
1.5225
1.2875
1.1982
0.7996
Net Cash Flow From Operatings Activities Per Share
0.4600
0.4200
0.6400
0.2800
Net Cash Flow Per Share
0.1516
3.0035
0.5388
-0.0427

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)
588.9259
570.879
283.1828
213.7046
Total Liabilities(Million)
38.7848
41.1818
127.1367
87.1652
Current Liabilities(Million)
38.7848
41.1818
127.1367
87.1652
Long Term Liabilities(Million)
-
-
-
-
Cash And Cash Equivalents(Million)
316.4982
303.3055
42.004
6.9824
Accounts Receivables(Million)
51.4986
47.3993
45.8465
40.8428
Deposit Received(Million)
1.3575
2.0894
1.2269
0.9372
Other Receivables(Million)
0.0521
0.0521
3.1041
1.726
Bad Debt Reserve(Million)
-
-
-
-
Shareholder's Equity/Owner's Equity(Million)
550.1411
529.6971
156.0461
126.5394
Debt ratio(%)
6.58
7.21
44.89
40.78
Equity Ratio(%)
93.4100
92.7800
55.1000
59.2100
Current Ratio
11.2453
10.3620
1.1829
1.1305
Quick Ratio
9.7878
8.9997
0.8281
0.7231

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)
171.4854
237.6306
205.2193
150.695
Net Cash Flow From Operatings Activities(Million)
40.0144
36.1483
41.8563
18.4593
Net Cash Flow From Operatings Activities Change(%)
51.24
-13.64
126.75
49.12
Net Cash Flow(Million)
13.1927
261.3015
35.0216
-2.7763
Cash From Selling Commodities/Prime Revenue(%)
99.18
103.35
95.10
99.12
Net Cash Flow/Net Profit(%)
45.27
689.08
97.26
-10.71
Cash Flow From Investing Activities(Million)
-18.4878
-27.122
-25.913
-29.8506
Cash Flow From Financing Activities(Million)
-8.7
252.4682
19.4346
8.6792

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)
172.899
229.9342
215.7957
152.0354
Prime Operating Profit(Million)
-
-
-
-
Operating Costs(Million)
7.8584
14.453
13.5169
8.5205
Administrative Costs(Million)
15.6427
19.1354
15.2983
10.6293
Financing Costs(Million)
-6.2465
-0.393
3.8124
2.3269
Above Three Costs Change(%)
-27.43
1.74
51.92
-12.15
Operating Profit(Million)
33.513
41.313
41.5455
28.3125
Income From Investment(Million)
-
-
-
-
Government Subsidies(Million)
-
-
-
-
Net Non-Operating Income And Expense(Million)
0.6442
2.8285
0.6317
1.7995
Total Profit(Million)
34.1571
44.1415
42.1772
30.112
Corporate Income Tax(Million)
5.0131
6.2211
6.1706
4.1813
Net Profit(Million)
29.144
37.9204
36.0066
25.9307
Gross Profit Ratio(%)
30.65
33.71
35.26
34.14
Operating Margin(%)
19.38
17.96
19.25
18.62
Return On Equity(ROE)(%)
5.30
7.16
23.07
20.49

Announcements for Jiangsu NanFang Bearing Co.,Ltd.

Date: 2012-08-03
Title: EGM RESOLUTION
The Company held its 1st Extraordinary General Meeting of 2012 on 02 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: 2012-07-18
Title: EGM-ONLINE
The Company will hold the 1st Extraordinary General Meeting of 2012 at 14:00 on 02 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 27 July 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: 31 July 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: 02 August 2012
Voting code:362553
Voting abbreviation:Nanfang Bearing 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 01 August 2012 to 02 August 2012.
Date: 2012-05-16
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: 21 May 2012
Ex-date: 22 May 2012
Payment date: 22 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: CNY0.10000000(10 percent x CNY1.00000000)
Net cash dividend/10 shares after tax: CNY0.90000000(CNY1.00000000- CNY0.10000000)
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. 2011 annual report and its summary
5. 2011 profit distribution plan
6. Application for comprehensive credit line to banks and guarantee matters
7. Reappointment of audit firm
8. Amendments to the Company's articles of association
9. 2012 remuneration scheme for directors, supervisors and senior management
10. Special report on the deposit and use of raised funds
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: 2012-04-20
Title: FINAL DIVIDEND
The Company issued its 2011 annual report on 20 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: 2012-04-20
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. 2011 annual report and its summary
5. 2011 profit distribution plan
6. Application for comprehensive credit line to banks and guarantee matters
7. Reappointment of audit firm
8. Amendments to the Company's articles of association
9. 2012 remuneration scheme for directors, supervisors and senior management
10. Special report on the deposit and use of raised funds
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 04 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: 08 May 2012
Date: 2012-02-22
Title: RESTRICTED SHARE LISTING
Among the Company's 9750000 restricted shares to be unlocked on 27 February 2012, 9750000 of them will be tradable on the Shenzhen Stock Exchange on that day.
Date: 2011-05-20
Title: PLACING SHARE LISTING
THE CO'S 4.4 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 25MAY11.
Date: 2011-04-20
Title: FINAL DIVIDEND
THE CO ISSUED ITS 2010 ANNUAL REPORT ON 20APR11.

THE PROFIT DISTRIBUTION PROPOSAL FOR 2010:
1. CASH DIVIDEND/10 SHARES (TAX INCLUDED): CNY0.0000
2. BONUS ISSUE FROM PROFIT (SHARE/10 SHARES):NONE
3. BONUS ISSUE FROM CAPITAL RESERVE (SHARE/10 SHARES):NONE
Date: 2011-02-24
Title: IPO SHARE LISTING
THE CO ISSUED A TOTAL OF 22 MILLION SHARES (CODE:002553) IN ITS INITIAL PUBLIC OFFERING. OF THE SHARES,17.6 MILLION SHARES WILL BE LISTED ON THE SHENZHEN STOCK EXCHANGE ON 25FEB11 WHILE THE REMAINDER WILL BECOME TRADABLE THREE MONTHS LATER.