Jiangxi Ganfeng Lithium Co.,Ltd.



Quote for Jiangxi Ganfeng Lithium Co.,Ltd.

Last Trade:
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Symbol/Code:
002460
Status:
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Stock Type:
A Share
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Currency in CNY Time=UTC+8002460 quote

Summary for Jiangxi Ganfeng Lithium Co.,Ltd.

JIANGXI GANFENG LITHIUM CO., LTD. is principally engaged in the research, development, production and sale of deep processing lithium products. The Company primarily provides lithium metal of industrial grade and battery grade, lithium carbonate of battery grade, lithium chloride of industrial grade and catalyst grade, butyl lithium, as well as lithium fluoride of industrial grade and battery grade, among others. The Company's products are mainly applied in new energy, new medicine, new material and other industries. The Company distributes its products in both domestic and overseas markets.

Profile for Jiangxi Ganfeng Lithium Co.,Ltd.

Full Name:Jiangxi Ganfeng Lithium Co.,Ltd.
Full Name in Chinese:江西赣锋锂业股份有限公司 Short Name in Chinese:赣锋锂业
Symbol/Stock Code:
002460
Listed in:
Shenzhen Stock Exchange
Issued Capital
-
Negotiable Capital:
-
Chairman:
Li Liangbin
Secretary of the Board:
Phone:
+86-790-6415606
Fax:
+86-790-6860528
Official Website:www.ganfenglithium.com
E-mail:info@ganfenglithium.com
Address:Longteng Road,Longteng Road, Economic Developm,XINYU JGX 338000
IPO Subscription Date:
2010-07-28
Listing Date:
2010-08-10
IPO Issued Capital:
25000000
IPO Price:
20.7 CNY
IPO fees:
38753500 CNY
Money Raised by IPO:
517500000 CNY
IPO Par Value:
1.00 CNY
Net Money Raised:
478746500 CNY
Open(Listing day):
60.90 CNY
Close(Listing day):
59.20 CNY
Diluted P/E ratio after IPO:
69.4200
Turnover rate(listing day):
85.26%

Financials for Jiangxi Ganfeng Lithium Co.,Ltd.

UPDATE:2012-10-26 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)
52.6916
54.2885
42.6423
33.8611
Net Profit Growth(%)
24.83
27.31
25.93
-13.02
Return On Equity(ROE)(%)
6.72
7.50
5.97
17.81
Debt ratio(%)
13.58
10.87
7.45
36.63
Net Operating Cash Flow/Net Profit(%)
27.72
63.38
-11.11
140.74

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)
0.3500
0.3600
0.3400
0.4500
Diluted Earnings Per Share
0.0000
0.3200
0.3100
0.4000
Net Asset Value Per Share (NAVPS)
5.1300
4.8300
7.1400
2.5400
Additional Paid-In Capital Per Share
3.0128
2.8436
4.7654
0.3039
Retained Earnings Per Share
1.0066
0.8741
1.2007
1.0977
Net Cash Flow From Operatings Activities Per Share
0.1000
0.2300
-0.0500
0.6400
Net Cash Flow Per Share
-0.4915
-1.1296
3.5073
-0.1037

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)
925.0153
829.9448
776.4981
300.0737
Total Liabilities(Million)
125.6921
90.2772
57.9221
109.9279
Current Liabilities(Million)
125.6921
90.2772
57.9221
103.9279
Long Term Liabilities(Million)
-
-
-
-
Cash And Cash Equivalents(Million)
127.65
207.8259
371.3099
21.1707
Accounts Receivables(Million)
118.5566
91.7996
71.414
43.0022
Deposit Received(Million)
4.6184
4.578
3.5876
2.8024
Other Receivables(Million)
1.9295
2.9774
1.993
5.7238
Bad Debt Reserve(Million)
-
-
-
-
Shareholder's Equity/Owner's Equity(Million)
783.9611
724.0542
714.1504
190.1458
Debt ratio(%)
13.58
10.87
7.45
36.63
Equity Ratio(%)
84.7500
87.2400
91.9700
63.3600
Current Ratio
4.6350
5.9137
10.0662
1.6883
Quick Ratio
3.4746
4.5742
8.6403
1.2398

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)
486.176
513.0562
399.4503
245.4155
Net Cash Flow From Operatings Activities(Million)
14.6076
34.4061
-4.7356
47.6555
Net Cash Flow From Operatings Activities Change(%)
232.74
-826.54
-109.94
79.35
Net Cash Flow(Million)
-75.1012
-169.4436
350.7304
-7.7765
Cash From Selling Commodities/Prime Revenue(%)
106.19
108.02
111.04
99.41
Net Cash Flow/Net Profit(%)
-142.53
-312.12
822.49
-22.97
Cash Flow From Investing Activities(Million)
-140.3218
-161.7695
-70.7395
-31.1774
Cash Flow From Financing Activities(Million)
50.4678
-40.9677
426.4323
-24.2048

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)
457.8431
474.9786
359.7223
246.8605
Prime Operating Profit(Million)
-
-
-
-
Operating Costs(Million)
14.9842
11.1951
9.6761
5.2188
Administrative Costs(Million)
24.7085
31.8353
20.8669
12.9101
Financing Costs(Million)
-2.0759
-4.9001
4.0526
3.9116
Above Three Costs Change(%)
63.08
10.22
56.96
-15.66
Operating Profit(Million)
55.0394
56.6076
47.3118
38.916
Income From Investment(Million)
0.1944
-1.6842
-
0.122
Government Subsidies(Million)
-
-
-
-
Net Non-Operating Income And Expense(Million)
5.6544
7.9776
4.1768
5.0148
Total Profit(Million)
60.6937
64.5852
51.4886
43.9308
Corporate Income Tax(Million)
9.2534
11.4985
8.8099
10.0696
Net Profit(Million)
52.6916
54.2885
42.6423
33.8611
Gross Profit Ratio(%)
20.84
21.10
22.77
25.70
Operating Margin(%)
12.02
11.91
13.15
15.76
Return On Equity(ROE)(%)
6.72
7.50
5.97
17.81

Announcements for Jiangxi Ganfeng Lithium Co.,Ltd.

Date: 2012-11-02
Title: LISTING OF SHARES UNDER INCENTIVE PLAN
The Company's 2.747 million shares granted under the Company's incentive plan will be listed on the Shenzhen Stock Exchange on 05 November 2012.
Date: 2012-10-11
Title: EGM RESOLUTION
The Company held its 2nd Extraordinary General Meeting of 2012 on 10 October 2012, during which the following proposal(s) was/were approved:
1. A wholly-owned subsidiary to provide financial aids for a company
2. Application for comprehensive credit to a bank
Date: 2012-09-25
Title: EGM-SPOT
The Company will hold the 2nd Extraordinary General Meeting of 2012 at 10:00 on 10 October 2012.

Meeting agenda:
1. A wholly-owned subsidiary to provide financial aids for a company
2. Application for comprehensive credit to a bank


Meeting attendees:
1. A-share holders registered at CSDCC Shenzhen after the close of trading on 27 September 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 09 October 2012 to 09 October 2012
Date: 2012-08-20
Title: EGM RESOLUTION
The Company held its 1st Extraordinary General Meeting of 2012 on 17 August 2012, during which the following proposal(s) was/were approved:
1. Restricted stock incentive plan (draft) and its summary
1.1. Determination principle and scope of incentive objects
1.2. Source, type and amount of restricted stock
1.3. Distribution results of restricted stock granted to incentive objects
1.4. Valid period, granting date, and lock-up period in the stock incentive plan
1.5. Granting price and its determination method
1.6. Unlocking arrangement and examination qualifications of restricted stock
1.7. Adjustments to the stock incentive plan
1.8. Procedures of granting rights to incentive objects
1.9. Rights and obligations for the Company and incentive objects
1.10. Amendments and termination of the plan
1.11. Accounting treatment of incentive plan and the influence on the Company's performance
1.12. Repurchase and cancellation of restricted stock
2. Authorization to the board to handle matters in relation to the restricted stock incentive plan
3. Implementation appraisal measures on the restricted stock incentive plan
4. Name list of incentive objects of the restricted stock incentive plan
5. Amendments to the Company's articles of association
6. Change of projects invested with raised funds
Date: 2012-05-10
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: 16 May 2012
Ex-date: 17 May 2012
Payment date: 17 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: 2012-04-12
Title: AGM RESOLUTION
The Company held its Annual General Meeting of 2011 on 11 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 financial resolution report
5. 2011 profit distribution plan
6. Determination on 2011 remuneration for directors and supervisors and adjustment to 2012 remuneration
7. Reappointment of audit firm
8. Amendments to the Company's articles of association
9. Amendments to decision-making system on connected transactions
10. To replenish working capital with surplus raised funds invested in a project
11. By-election of directors
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: 2012-03-13
Title: FINAL DIVIDEND
The Company issued its 2011 annual report on 13 March 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: 2012-03-13
Title: AGM-SPOT
The Company will hold the 2011 Annual General Meeting at 09:30 on 11 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 financial resolution report
5. 2011 profit distribution plan
6. Determination on 2011 remuneration for directors and supervisors and adjustment to 2012 remuneration
7. Reappointment of audit firm
8. Amendments to the Company's articles of association
9. Amendments to decision-making system on connected transactions
10. To replenish working capital with surplus raised funds invested in a project
11. By-election of directors
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 06 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: 10 April 2012
Date: 2011-08-16
Title: EGM-SPOT
The Company will hold the 1ST EGM OF 2011 at 09:30 on 02 September 2011.

Meeting agenda:
1. Issue of debt financing instruments of non-financial enterprises in the inter-bank bond market
2. Application for integrated credit to banks
3. Amendments to the articles of association and authorization to the board to handle relevant industrial and commercial registration change
4. Amendments to the raised fund management measures

Meeting attendees:
1. A-share holders registered at CSDCC Shenzhen after the close of trading on 26 August 2011 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: 01 September 2011
Date: 2011-08-09
Title: RESTRICTED SHARE LISTING
The Company's 39521251 restricted A-shares will be listed on the Shenzhen Stock Exchange as of 10 August 2011.