Jiangsu Shuangxing Color Plastic New Materials Co.,Ltd.



Quote for Jiangsu Shuangxing Color Plastic New Materials Co.,Ltd.

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Symbol/Code:
002585
Status:
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Stock Type:
A Share
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Currency in CNY Time=UTC+8002585 quote

Summary for Jiangsu Shuangxing Color Plastic New Materials Co.,Ltd.

JIANGSU SHUANGXING COLOR PLASTIC NEW MATERIALS CO., LTD. is principally engaged in the research, development, manufacture and distribution of plastic packaging films. The Company primarily provides polyester films, aluminum coated films, as well as polyvinyl chloride (PVC) functional films. It distributes its products in domestic and overseas markets.

Profile for Jiangsu Shuangxing Color Plastic New Materials Co.,Ltd.

Full Name:Jiangsu Shuangxing Color Plastic New Materials Co.,Ltd.
Full Name in Chinese:江苏双星彩塑新材料股份有限公司 Short Name in Chinese:双星新材
Symbol/Stock Code:
002585
Listed in:
Shenzhen Stock Exchange
Issued Capital
-
Negotiable Capital:
-
Chairman:
Wu Peifu
Secretary of the Board:
Wu Di
Phone:
+86-527-84252088
Fax:
+86-527-84253042
E-mail:wudi@shuangxingcaisu.com
Address:No. 1,Caisu Road, Color Plastic Indu,SUQIAN JNG 223808
IPO Subscription Date:
2011-05-25
Listing Date:
2011-06-02
IPO Issued Capital:
52000000
IPO Price:
55 CNY
IPO fees:
153390300 CNY
Money Raised by IPO:
2860000000 CNY
IPO Par Value:
1.00 CNY
Net Money Raised:
2706609700 CNY
Open(Listing day):
45.88 CNY
Close(Listing day):
48.70 CNY
Diluted P/E ratio after IPO:
30.5600
Turnover rate(listing day):
24.02%

Financials for Jiangsu Shuangxing Color Plastic New Materials Co.,Ltd.

UPDATE:2012-10-28 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)
101.4304
382.9017
382.3764
69.3424
Net Profit Growth(%)
-67.50
0.13
451.43
241.88
Return On Equity(ROE)(%)
2.82
10.33
61.93
33.81
Debt ratio(%)
12.59
10.84
53.74
70.34
Net Operating Cash Flow/Net Profit(%)
145.47
13.74
132.87
235.65

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)
0.2438
2.1039
2.4992
0.4600
Diluted Earnings Per Share
0.0000
1.6970
2.4535
0.4300
Net Asset Value Per Share (NAVPS)
8.6500
17.8200
3.9600
2.9810
Additional Paid-In Capital Per Share
6.1782
13.3564
0.7918
0.0000
Retained Earnings Per Share
1.2985
3.1094
1.9368
1.6446
Net Cash Flow From Operatings Activities Per Share
0.3500
0.2500
3.2600
2.3800
Net Cash Flow Per Share
0.3902
0.2097
0.0131
0.8923

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)
4119.3075
4157.9287
1335.0152
691.5188
Total Liabilities(Million)
518.8953
450.947
717.5448
486.4248
Current Liabilities(Million)
518.8953
430.947
649.6544
441.4248
Long Term Liabilities(Million)
-
-
-
-
Cash And Cash Equivalents(Million)
602.5394
1440.5266
105.7366
106.4005
Accounts Receivables(Million)
46.386
22.8878
46.9561
22.3213
Deposit Received(Million)
48.5439
29.0446
135.3727
44.3412
Other Receivables(Million)
1.3141
0.873
4.6657
5.2665
Bad Debt Reserve(Million)
-
-
-
-
Shareholder's Equity/Owner's Equity(Million)
3600.4121
3706.9817
617.4704
205.094
Debt ratio(%)
12.59
10.84
53.74
70.34
Equity Ratio(%)
87.4000
89.1500
46.2500
29.6500
Current Ratio
4.4189
5.9307
0.5953
0.5670
Quick Ratio
3.4759
5.1464
0.3910
0.4697

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)
1820.1794
1736.4346
1514.6853
654.5556
Net Cash Flow From Operatings Activities(Million)
147.554
52.6212
508.0501
163.4021
Net Cash Flow From Operatings Activities Change(%)
-36.06
-89.64
210.92
76.00
Net Cash Flow(Million)
162.3129
43.6099
2.046
61.3928
Cash From Selling Commodities/Prime Revenue(%)
112.05
88.78
104.17
103.02
Net Cash Flow/Net Profit(%)
160.02
11.39
0.54
88.54
Cash Flow From Investing Activities(Million)
233.2216
-2517.1174
-558.4134
-125.5997
Cash Flow From Financing Activities(Million)
-218.5779
2508.6609
54.0715
24.1855

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)
1624.492
1955.9226
1454.0675
635.3939
Prime Operating Profit(Million)
-
-
-
-
Operating Costs(Million)
18.1812
16.0922
16.0469
13.3253
Administrative Costs(Million)
60.6244
82.7448
67.4411
24.8194
Financing Costs(Million)
-8.6449
-16.1601
18.162
11.4486
Above Three Costs Change(%)
23.05
-18.67
104.97
35.11
Operating Profit(Million)
109.4312
394.8893
434.7452
64.6503
Income From Investment(Million)
0.9242
-
0.3
0.05
Government Subsidies(Million)
-
-
-
-
Net Non-Operating Income And Expense(Million)
14.9517
98.7263
8.2244
5.2024
Total Profit(Million)
124.3829
493.6156
442.9696
69.8527
Corporate Income Tax(Million)
22.9525
110.7139
60.5932
0.5103
Net Profit(Million)
101.4304
382.9017
382.3764
69.3424
Gross Profit Ratio(%)
11.04
24.54
36.75
17.66
Operating Margin(%)
6.73
20.18
29.89
10.17
Return On Equity(ROE)(%)
2.82
10.33
61.93
33.81

Announcements for Jiangsu Shuangxing Color Plastic New Materials Co.,Ltd.

Date: 2012-10-29
Title: EGM-ONLINE
The Company will hold the 3rd Extraordinary General Meeting of 2012 at 10:00 on 29 November 2012.

Meeting agenda:
1. The Company's eligibility for public issue of convertible bonds
2. Public issue of convertible bonds
2.1. Type of securities to be issued
2.2. Issuing volume
2.3. Par value and issuing price
2.4. Issuance method and targets
2.5. Bond duration
2.6. Bond interest rate
2.7. Interest payment
2.8. Guarantees
2.9. Conversion period
2.10. Determination of conversion price
2.11. Adjustment to and calculation method of conversion price
2.12. Downward adjustment clauses on conversion price
2.13. Treatment method in case the remaining amount of the convertible bonds can not be converted into one common share when conversion happens
2.14. Redemption clauses
2.15. Repurchase clauses
2.16. Distribution of dividends after conversion
2.17. Arrangement for placement to shareholders
2.18. Related matters to bondholders' meetings
2.19. Purpose of the raised funds
2.20. The valid period of the resolution
3. Feasibility report on use of proceeds from issue of convertible bonds
4. Report on use of previously raised funds
5. Authorization to the board to handle matters in relation to issue of convertible bonds
6. The plan for the shareholders' profit return for the next three years


Meeting attendees:
1. A-share holders registered at CSDCC Shenzhen after the close of trading on 23 November 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 28 November 2012 to 28 November 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: 29 November 2012
Voting code:362585
Voting abbreviation:Shuangxing New Materials 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 28 November 2012 to 29 November 2012.
Date: 2012-08-29
Title: EGM RESOLUTION
The Company held its 2nd Extraordinary General Meeting of 2012 on 28 August 2012, during which the following proposal(s) was/were approved:
1. Amendments to the Company's articles of association
Date: 2012-08-14
Title: EGM-SPOT
The Company will hold the 2nd Extraordinary General Meeting of 2012 at 10:00 on 28 August 2012.

Meeting agenda:
1. Amendments to the Company's articles of association


Meeting attendees:
1. A-share holders registered at CSDCC Shenzhen after the close of trading on 24 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 27 August 2012 to 27 August 2012
Date: 2012-06-29
Title: EGM RESOLUTION
The Company held its 1st Extraordinary General Meeting of 2012 on 28 June 2012, during which the following proposal(s) was/were approved:
1. Election of Zhou Haiyan as director
2. Election of Lv Yinong as independent director
3. Amendments to the Company's articles of association
4. Application for credit line to banks.
Date: 2012-06-13
Title: EGM-SPOT
The Company will hold the 1st Extraordinary General Meeting of 2012 at 10:00 on 28 June 2012.

Meeting agenda:
1. Election of Zhou Haiyan as director
2. Election of Lv Yinong as independent director
3. Amendments to the Company's articles of association
4. Application for credit line to banks

Meeting attendees:
1. A-share holders registered at CSDCC Shenzhen after the close of trading on 25 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: 26 June 2012
Date: 2012-05-22
Title: DIVIDEND IMPLEMENTATION (CASH AND BONUS ISSUE)
2011 final distribution plan to be implemented (A shares):

1. Cash dividend/10 shares (tax included): CNY10.00000000
2. Bonus issue from profit (share/10 shares): none
3. Bonus issue from capital reserve (share/10 shares): 10.0000


Record date: 25 May 2012
Ex-date: 28 May 2012
Payment date: 28 May 2012
Listing date of the bonus issues: 28 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: CNY1.00000000(10 percent x CNY10.00000000)
Net cash dividend/10 shares after tax: CNY9.00000000(CNY10.00000000- CNY1.00000000)
Date: 2012-04-19
Title: AGM RESOLUTION
The Company held its Annual General Meeting of 2011 on 18 April 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 annual report and its summary
4. 2011 profit distribution plan
5. 2011 financial resolution report
6. 2011 inner-control self-evaluation report
7. Special report on the use of raised funds in 2011
8. Reappointment of 2012 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): CNY10.00000000
2) Bonus issue from profit (share/10 shares): none
3) Bonus issue from capital reserve (share/10 shares): 10.00.
Date: 2012-03-26
Title: FINAL DIVIDEND
The Company issued its 2011 annual report on 26 March 2012.

The profit distribution proposal for 2011:
1. Cash dividend/10 shares (tax included): CNY10.00000000
2. Bonus issue from profit (share/10 shares):none
3. Bonus issue from capital reserve (share/10 shares):10.0000.
Date: 2012-03-26
Title: AGM-SPOT
The Company will hold the 2011 Annual General Meeting at 10:00 on 18 April 2012.

Meeting agenda:
1. 2011 work report of the board of directors
2. 2011 work report of the supervisory committee
3. 2011 annual report and its summary
4. 2011 profit distribution plan
5. 2011 financial resolution report
6. 2011 inner-control self-evaluation report
7. Special report on the use of raised funds in 2011
8. Reappointment of 2012 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): CNY10.00000000
2) Bonus issue from profit (share/10 shares): none
3) Bonus issue from capital reserve (share/10 shares): 10.0000

Meeting attendees:
1. A-share holders registered at CSDCC Shenzhen after the close of trading on 13 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: 16 April 2012
Date: 2011-08-30
Title: PLACING SHARE LISTING
The Company's 10.2 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 02 September 2011.