Jiangsu Zhongtai Bridge Steel Structure Co.Ltd



Quote for Jiangsu Zhongtai Bridge Steel Structure Co.Ltd

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Symbol/Code:
002659
Status:
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Stock Type:
A Share
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Currency in CNY Time=UTC+8002659 quote

Summary for Jiangsu Zhongtai Bridge Steel Structure Co.Ltd

Jiangsu Zhongtai Bridge Steel Structure Co. Ltd. is principally engaged in the construction of bridge steel structures. The Company is involved in the manufacture, transportation and installation of bridge steel structures, the provision of related technical research, process design and technical services, as well as bridge steel structure engineering services including broad units manufacturing, assembly and welding, section assembly, painting, girder section assembly, girder section transportation and bridge site installation, among others. The Company also owns technologies of manufacture and transportation of large segmental and high tonnage bridge sections, three-dimensional pre-assembly of the entire bridges, and general assembly of large girder sections. It could constructs various bridge-related projects such as steel box girders, steel truss girders, steel tube arches, steel-concrete composite girders, steel anchor boxes and others. China domestic market is its major market.

Profile for Jiangsu Zhongtai Bridge Steel Structure Co.Ltd

Full Name:Jiangsu Zhongtai Bridge Steel Structure Co.Ltd
Full Name in Chinese:江苏中泰桥梁钢构股份有限公司 Short Name in Chinese:中泰桥梁
Symbol/Stock Code:
002659
Listed in:
Shenzhen Stock Exchange
Issued Capital
-
Negotiable Capital:
-
Chairman:
Chen Yu
Secretary of the Board:
Shi Jun
Phone:
+86-523-84633050
Fax:
+86-523-84633000
Official Website:www.jszt.net.cn
E-mail:ztql@ztsschina.com
Address:No. 15,Tongkang Road, Jiangyin-Jingji,TAIZHOU JNG 214521
IPO Subscription Date:
2012-03-02
Listing Date:
2012-03-09
IPO Issued Capital:
39000000
IPO Price:
10.1 CNY
IPO fees:
32038700 CNY
Money Raised by IPO:
393900000 CNY
IPO Par Value:
1.00 CNY
Net Money Raised:
361861300 CNY
Open(Listing day):
14.01 CNY
Close(Listing day):
15.80 CNY
Diluted P/E ratio after IPO:
21.4900
Turnover rate(listing day):
65.98%

Financials for Jiangsu Zhongtai Bridge Steel Structure 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)
46.0754
72.4298
52.9989
37.6902
Net Profit Growth(%)
-9.29
36.66
40.61
-
Return On Equity(ROE)(%)
6.93
27.04
24.23
19.60
Debt ratio(%)
52.53
72.43
73.00
70.06
Net Operating Cash Flow/Net Profit(%)
-337.88
-49.15
148.03
186.80

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)
0.3200
0.6200
0.4600
0.3200
Diluted Earnings Per Share
0.0000
0.6300
0.4600
0.3200
Net Asset Value Per Share (NAVPS)
4.2800
2.2900
1.8700
1.6500
Additional Paid-In Capital Per Share
2.1861
0.1466
0.1466
0.1403
Retained Earnings Per Share
0.9792
1.0651
0.6428
0.4517
Net Cash Flow From Operatings Activities Per Share
-1.0000
-0.3100
0.6700
0.6000
Net Cash Flow Per Share
0.7686
0.5285
0.1347
0.1698

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)
1477.2922
1130.0593
937.3517
737.5883
Total Liabilities(Million)
776.1137
826.5017
684.2841
516.7783
Current Liabilities(Million)
774.6137
824.2237
684.2841
516.7783
Long Term Liabilities(Million)
-
-
-
-
Cash And Cash Equivalents(Million)
367.3141
218.8033
177.3178
98.6394
Accounts Receivables(Million)
235.3458
190.4452
126.3405
68.8343
Deposit Received(Million)
22.5369
118.1238
268.1908
355.6975
Other Receivables(Million)
13.0038
8.5826
13.3209
8.7176
Bad Debt Reserve(Million)
-
-
-
-
Shareholder's Equity/Owner's Equity(Million)
665.2548
275.2005
218.6905
192.2757
Debt ratio(%)
52.53
72.43
73.00
70.06
Equity Ratio(%)
45.0300
24.3900
23.3300
26.0600
Current Ratio
1.5690
1.0782
1.0241
1.0080
Quick Ratio
0.9184
0.5598
0.6281
0.5070

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)
369.1479
646.7945
564.0808
565.2539
Net Cash Flow From Operatings Activities(Million)
-155.6781
-35.6013
78.4527
70.4039
Net Cash Flow From Operatings Activities Change(%)
86.90
-145.38
11.43
-
Net Cash Flow(Million)
119.525
61.5687
15.6894
19.7839
Cash From Selling Commodities/Prime Revenue(%)
63.13
70.74
81.52
124.62
Net Cash Flow/Net Profit(%)
259.41
85.00
29.60
52.49
Cash Flow From Investing Activities(Million)
-59.6701
-39.5257
-14.4875
-11.1609
Cash Flow From Financing Activities(Million)
334.5453
136.7623
-48.2758
-39.4592

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)
584.7702
914.3535
691.942
453.5974
Prime Operating Profit(Million)
-
-
-
-
Operating Costs(Million)
2.0548
2.3163
2.0518
1.6939
Administrative Costs(Million)
25.8564
26.3736
24.7566
21.2097
Financing Costs(Million)
3.058
8.8257
4.9083
0.9618
Above Three Costs Change(%)
22.39
18.28
32.90
-
Operating Profit(Million)
50.0699
98.08
74.5442
50.7079
Income From Investment(Million)
-
-
0.0426
0.2533
Government Subsidies(Million)
-
-
-
-
Net Non-Operating Income And Expense(Million)
2.5978
-0.5992
-0.0624
0.6645
Total Profit(Million)
52.6677
97.4809
74.4819
51.3724
Corporate Income Tax(Million)
6.4058
23.6908
18.1658
12.9643
Net Profit(Million)
46.0754
72.4298
52.9989
37.6902
Gross Profit Ratio(%)
15.72
16.47
17.22
19.03
Operating Margin(%)
8.56
10.72
10.77
11.17
Return On Equity(ROE)(%)
6.93
27.04
24.23
19.60

Announcements for Jiangsu Zhongtai Bridge Steel Structure Co.Ltd

Date: 2012-08-27
Title: EGM RESOLUTION
The Company held its 2nd Extraordinary General Meeting of 2012 on 24 August 2012, during which the following proposal(s) was/were approved:
1. Amendments to the Company's articles of association
2. Increase of application for 2012 bank integrated credit line
Date: 2012-08-21
Title: EGM REMINDER
The Company will hold the 2nd Extraordinary General Meeting of 2012 at 14:30 on 24 August 2012.

Meeting agenda:
1. Amendments to the Company's articles of association
2. Increase of application for 2012 bank integrated credit line


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: from 23 August 2012 to 23 August 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: 24 August 2012
Voting code:362659
Voting abbreviation:Zhongtai Bridge 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 23 August 2012 to 24 August 2012.
Date: 2012-08-07
Title: EGM-ONLINE
The Company will hold the 2nd Extraordinary General Meeting of 2012 at 14:30 on 24 August 2012.

Meeting agenda:
1. Amendments to the Company's articles of association
2. Increase of application for 2012 bank integrated credit line


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: 23 August 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: 24 August 2012
Voting code:362659
Voting abbreviation:Zhongtai Bridge 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 23 August 2012 to 24 August 2012.
Date: 2012-06-07
Title: EGM RESOLUTION
The Company held its 1st Extraordinary General Meeting of 2012 on 06 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 public issue of corporate bonds
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: 2012-06-06
Title: PLACING SHARE LISTING
The Company's 7.8 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 11 June 2012.
Date: 2012-05-30
Title: EGM REMINDER
The Company will hold the 1st Extraordinary General Meeting of 2012 at 14:30 on 06 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 public issue of corporate bonds
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 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

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: 06 June 2012
Voting code:362659
Voting abbreviation:Zhongtai Bridge 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 05 June 2012 to 06 June 2012.
Date: 2012-05-09
Title: AGM RESOLUTION
The Company held its Annual General Meeting of 2011 on 08 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 profit distribution plan
4. Appointment of audit firm
5. 2012 allowance for independent directors
6. 2012 application for comprehensive credit line to banks by the Company and controlled subsidiaries
7. Amendments to the Company's articles of association and to handle the relevant changes in industrial and commercial registration
8. Amendments to the Company's rules of procedures governing shareholders' general meetings
9. Amendments to the Company's rules of procedures governing the board meetings
10. Amendments to the Company's rules of procedures governing meetings of the supervisory committee
11. Amendments to the management measures for external guarantee
12. Amendments to the management measures for external investment
13. Amendments to management measures on connected transactions
14. Formulation of implementation rules for accumulative voting system at shareholders' meeting
The detailed profit distribution plan are as follows:
1) Cash dividend/10 shares (tax included): CNY1.15000000
2) Bonus issue from profit (share/10 shares): none
3) Bonus issue from capital reserve (share/10 shares): none.
Date: 2012-04-10
Title: FINAL DIVIDEND
The Company issued its 2011 annual report on 10 April 2012.

The profit distribution proposal for 2011:
1. Cash dividend/10 shares (tax included): CNY1.15000000
2. Bonus issue from profit (share/10 shares):none
3. Bonus issue from capital reserve (share/10 shares):none.
Date: 2012-04-10
Title: AGM-SPOT
The Company will hold the 2011 Annual General Meeting at 09:00 on 08 May 2012.

Meeting agenda:
1. 2011 work report of the board of directors
2. 2011 work report of the supervisory committee
3. 2011 profit distribution plan
4. Appointment of audit firm
5. 2012 allowance for independent directors
6. 2012 application for comprehensive credit line to banks by the Company and controlled subsidiaries
7. Amendments to the Company's articles of association and to handle the relevant changes in industrial and commercial registration
8. Amendments to the Company's rules of procedures governing shareholders' general meetings
9. Amendments to the Company's rules of procedures governing the board meetings
10. Amendments to the Company's rules of procedures governing meetings of the supervisory committee
11. Amendments to the management measures for external guarantee
12. Amendments to the management measures for external investment
13. Amendments to management measures on connected transactions
14. Formulation of implementation rules for accumulative voting system at shareholders' meeting
The detailed profit distribution plan are as follows:
1) Cash dividend/10 shares (tax included): CNY1.15000000
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 03 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: 07 May 2012
Date: 2012-03-08
Title: IPO SHARE LISTING
The Company issued a total of 39 million shares (code:002659) in its initial public offering. Of the shares,31.2 million shares will be listed on the Shenzhen Stock Exchange on 09 March 2012 while the remainder will become tradable three months later.