Jiangsu Zhongchao Cable Co.,Ltd.



Quote for Jiangsu Zhongchao Cable Co.,Ltd.

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Symbol/Code:
002471
Status:
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Stock Type:
A Share
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Currency in CNY Time=UTC+8002471 quote

Summary for Jiangsu Zhongchao Cable Co.,Ltd.

Jiangsu Zhongchao Cable CO., LTD. is principally engaged in the research, development, production and distribution of cables and cords, as well as the provision of the related services. The Company mainly provides power cables, electric equipment cables and bare wires, among others. Its power cables primarily include 1-6 kilovolt polyvinyl chloride (PVC) insulation power cables, cross-linked polyethylene insulation power cables, aerial insulation power cables and special power cables, among others. The Company distributes its products in domestic and overseas markets. During the year ended December 31, 2010, the Company had one wholly owned subsidiary, which involved in the manufacture and distribution of electric wires and cables.

Profile for Jiangsu Zhongchao Cable Co.,Ltd.

Full Name:Jiangsu Zhongchao Cable Co.,Ltd.
Full Name in Chinese:江苏中超电缆股份有限公司 Short Name in Chinese:中超电缆
Symbol/Stock Code:
002471
Listed in:
Shenzhen Stock Exchange
Issued Capital
-
Negotiable Capital:
-
Chairman:
Yang Fei
Secretary of the Board:
Zhou Yan
Phone:
+86-510-87698008
Fax:
+86-510-87697008
Official Website:www.zcdlgf.com
E-mail:zccable@126.com
Address:No. 999,Western Suburbs Industrial Park,,WUXI JNG 214242
IPO Subscription Date:
2010-08-30
Listing Date:
2010-09-10
IPO Issued Capital:
40000000
IPO Price:
14.8 CNY
IPO fees:
29845100 CNY
Money Raised by IPO:
592000000 CNY
IPO Par Value:
1.00 CNY
Net Money Raised:
562154900 CNY
Open(Listing day):
30.00 CNY
Close(Listing day):
32.80 CNY
Diluted P/E ratio after IPO:
49.3300
Turnover rate(listing day):
84.02%

Financials for Jiangsu Zhongchao Cable Co.,Ltd.

UPDATE:2012-10-23 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)
48.335
80.38
65.5703
50.659
Net Profit Growth(%)
2.27
22.58
29.43
11.73
Return On Equity(ROE)(%)
5.40
9.15
7.75
23.18
Debt ratio(%)
71.29
59.50
53.02
73.89
Net Operating Cash Flow/Net Profit(%)
-613.77
-313.78
78.70
127.51

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)
0.2300
0.3900
0.3700
0.4200
Diluted Earnings Per Share
0.0000
0.3800
0.3700
0.4100
Net Asset Value Per Share (NAVPS)
4.3100
4.2200
5.2900
1.8200
Additional Paid-In Capital Per Share
2.4067
2.4067
3.4287
0.2204
Retained Earnings Per Share
0.7833
0.7010
0.7596
0.5207
Net Cash Flow From Operatings Activities Per Share
-1.4300
-1.2100
0.3200
0.5400
Net Cash Flow Per Share
-0.7865
-1.6083
3.4782
-0.6201

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)
3197.9704
2225.989
1801.7121
837.2657
Total Liabilities(Million)
2280.0744
1324.5203
955.4442
618.7231
Current Liabilities(Million)
2280.0744
1324.5203
955.4442
585.7231
Long Term Liabilities(Million)
-
-
-
-
Cash And Cash Equivalents(Million)
662.7846
604.3227
794.042
233.609
Accounts Receivables(Million)
1071.5766
718.981
340.9728
184.275
Deposit Received(Million)
251.7402
169.762
94.977
36.0421
Other Receivables(Million)
111.9023
55.9736
36.6096
29.1013
Bad Debt Reserve(Million)
-
-
-
-
Shareholder's Equity/Owner's Equity(Million)
895.7829
878.6478
846.2678
218.5426
Debt ratio(%)
71.29
59.50
53.02
73.89
Equity Ratio(%)
28.0100
39.4700
46.9700
26.1000
Current Ratio
1.2333
1.4813
1.6518
1.1807
Quick Ratio
1.0804
1.1937
1.3063
0.8301

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)
1035.4728
1797.8483
1314.0893
1021.3843
Net Cash Flow From Operatings Activities(Million)
-296.6648
-252.2156
51.6049
64.5946
Net Cash Flow From Operatings Activities Change(%)
-41.48
-588.74
-20.11
-2.67
Net Cash Flow(Million)
-163.6022
-334.524
556.5169
-74.4104
Cash From Selling Commodities/Prime Revenue(%)
72.90
99.07
104.72
112.51
Net Cash Flow/Net Profit(%)
-338.48
-416.18
848.73
-146.88
Cash Flow From Investing Activities(Million)
-73.1548
-88.4361
-61.7075
-87.7565
Cash Flow From Financing Activities(Million)
206.0363
6.1277
566.6196
-51.2485

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)
1420.432
1814.6606
1254.8139
907.8194
Prime Operating Profit(Million)
-
-
-
-
Operating Costs(Million)
61.1445
81.3088
60.1579
48.4407
Administrative Costs(Million)
38.3216
40.0753
20.252
15.9242
Financing Costs(Million)
42.4232
44.4885
18.5493
16.0362
Above Three Costs Change(%)
5.78
67.62
23.08
-14.23
Operating Profit(Million)
66.1024
105.6225
88.5846
67.1498
Income From Investment(Million)
-
-
-
1.6341
Government Subsidies(Million)
-
-
-
-
Net Non-Operating Income And Expense(Million)
0.1372
0.6987
0.2676
1.2407
Total Profit(Million)
66.2395
106.3212
88.8521
68.3906
Corporate Income Tax(Million)
18.6122
26.6204
23.2818
18.0764
Net Profit(Million)
48.335
80.38
65.5703
50.659
Gross Profit Ratio(%)
16.23
16.37
15.86
16.69
Operating Margin(%)
4.65
5.82
7.05
7.39
Return On Equity(ROE)(%)
5.40
9.15
7.75
23.18

Announcements for Jiangsu Zhongchao Cable Co.,Ltd.

Date: 2012-08-14
Title: EGM RESOLUTION
The Company held its 5th Extraordinary General Meeting of 2012 on 13 August 2012, during which the following proposal(s) was/were approved:
1. Amendments to the Company's articles of association
Date: 2012-06-14
Title: EGM-SPOT
The Company will hold the 4th Extraordinary General Meeting of 2012 at 09:00 on 29 June 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 21 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: 2012-05-30
Title: DIVIDEND IMPLEMENTATION (CASH ONLY)
2011 final 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: 04 June 2012
Ex-date: 05 June 2012
Payment date: 05 June 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: 2012-05-24
Title: EGM-SPOT
The Company will hold the 3rd Extraordinary General Meeting of 2012 at 09:00 on 08 June 2012.

Meeting agenda:
1. Plan for cash dividend for the next three years

Meeting attendees:
1. A-share holders registered at CSDCC Shenzhen after the close of trading on 01 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: 05 June 2012
Date: 2012-05-24
Title: EGM RESOLUTION
The Company held its 2nd Extraordinary General Meeting of 2012 on 23 May 2012, during which the following proposal(s) was/were approved:
1. Use of partial idle raised funds to temporarily replenish working capital.
Date: 2012-05-08
Title: EGM-ONLINE
The Company will hold the 2nd Extraordinary General Meeting of 2012 at 09:00 on 23 May 2012.

Meeting agenda:
1. Use of partial idle raised funds to temporarily replenish working capital

Meeting attendees:
1.A-share holders registered at CSDCC Shenzhen after the close of trading on 17 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: 18 May 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: 23 May 2012
Voting code:362471
Voting abbreviation:Zhongchao Cable 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 22 May 2012 to 23 May 2012.
Date: 2012-03-23
Title: FINAL DIVIDEND
The Company issued its 2011 annual report on 23 March 2012.

The profit distribution proposal for 2011:
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: 2012-03-23
Title: AGM-SPOT
The Company will hold the 2011 Annual General Meeting at 10:00 on 13 April 2012.

Meeting agenda:
1. 2011 annual report and its summary
2. 2011 work report of the board of directors
3. 2011 work report of the supervisory committee
4. 2011 financial resolution report
5. Reappointment of audit firm
6. 2011 profit distribution plan
7. Election of Mr Zhang Naiming as director
8. Election of Mr Ye Yongfu as independent director
9. Election of Ms Jiang Lijuan as supervisor
10. Amendments to the Company's articles of association
The detailed profit distribution plan are as follows:
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

Meeting attendees:
1. A-share holders registered at CSDCC Shenzhen after the close of trading on 09 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: 11 April 2012
Date: 2012-01-17
Title: EGM RESOLUTION
The Company held its 1st Extraordinary General Meeting of 2012 on 16 January 2012, during which the following proposal(s) was/were approved:
1. The qualification for non-public offering
3. The revised preplan for 2012 non-public offering
4. Feasibility report on the use of funds to be raised from 2012 non-public offering
5. Report on the use of previously raised funds
6. Conditional share subscription agreement to be signed with a company
7. To sign conditional share transfer and capital expansion agreements and the supplementary agreement and performance compensation agreement
8. Authorization to the board to handle matters related to 2012 non-public offering.
Date: 2012-01-11
Title: EGM REMINDER
The Company will hold the 1st Extraordinary General Meeting of 2012 at 14:00 on 16 January 2012.

Meeting agenda:
1. The qualification for non-public offering
2. Adjustment to the scheme for 2012 non-public offering
3. The revised preplan for 2012 non-public offering
4. Feasibility report on the use of funds to be raised from 2012 non-public offering
5. Report on the use of previously raised funds
6. Conditional share subscription agreement to be signed with a company
7. To sign conditional share transfer and capital expansion agreements and the supplementary agreement and performance compensation agreement
8. Authorization to the board to handle matters related to 2012 non-public offering

Meeting attendees:
1.A-share holders registered at CSDCC Shenzhen after the close of trading on 09 January 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 January 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: 16 January 2012
Voting code:362471
Voting abbreviation:Zhongchao Cable voting
Voting process:
1. To input the "buy" instruction to begin voting
2. To input the serial number of the Annual General 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 15 January 2012 to 16 January 2012.