Jiangxi Hengda Hi-Tech Co.,Ltd.



Quote for Jiangxi Hengda Hi-Tech Co.,Ltd.

Last Trade:
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Symbol/Code:
002591
Status:
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Stock Type:
A Share
Market Cap:
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Update:-
Currency in CNY Time=UTC+8002591 quote

Summary for Jiangxi Hengda Hi-Tech Co.,Ltd.

Jiangxi Hengda Hi-Tech Co., Ltd. is principally engaged in the research, development, manufacture and distribution of corrosion-proof and abrasion resistant new materials, as well as the provision of abrasion resistant, corrosion-proof and energy-saving technology engineering. The Company primarily provides HDS corrosion-proof and abrasion resistant spraying wires, KM high-temperature corrosion-proof and abrasion resistant paints, MC high-temperature corrosion-proof and abrasion resistant lining materials, MT corrosion-proof and abrasion resistant ceramic sheets, JHU high-temperature infrared energy-saving paints and high abrasion resistant alloy lining boards. Its products are applied in power plant boilers, industrial boilers, sintering machines, wind generator turbines, mills, as well as coal conveying, material conveying, dust conveying and de-dusting systems.

Profile for Jiangxi Hengda Hi-Tech Co.,Ltd.

Full Name:Jiangxi Hengda Hi-Tech Co.,Ltd.
Full Name in Chinese:江西恒大高新技术股份有限公司 Short Name in Chinese:恒大高新
Symbol/Stock Code:
002591
Listed in:
Shenzhen Stock Exchange
Issued Capital
-
Negotiable Capital:
-
Chairman:
Zhu Xinghe
Secretary of the Board:
Tang Mingrong
Phone:
+86-791-8194572
Fax:
+86-791-8308145
Official Website:www.heng-da.com
E-mail:zq@heng-da.net.cn
Address:No. 88 Jinlu North Road,High-Tech Development Zone,NANCHANG JGX 330096
IPO Subscription Date:
2011-06-10
Listing Date:
2011-06-21
IPO Issued Capital:
20000000
IPO Price:
20 CNY
IPO fees:
19517000 CNY
Money Raised by IPO:
400000000 CNY
IPO Par Value:
1.00 CNY
Net Money Raised:
380483000 CNY
Open(Listing day):
19.69 CNY
Close(Listing day):
19.50 CNY
Diluted P/E ratio after IPO:
30.3000
Turnover rate(listing day):
43.71%

Financials for Jiangxi Hengda Hi-Tech 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)
28.1833
52.4528
59.4081
49.046
Net Profit Growth(%)
-15.90
-11.70
21.12
31.18
Return On Equity(ROE)(%)
3.90
7.47
21.16
25.62
Debt ratio(%)
5.94
6.53
24.62
29.80
Net Operating Cash Flow/Net Profit(%)
-34.15
-110.83
53.22
61.17

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)
0.2800
0.7500
0.9900
0.8800
Diluted Earnings Per Share
0.0000
0.6100
0.6600
0.8000
Net Asset Value Per Share (NAVPS)
7.2200
8.7700
4.6800
3.4200
Additional Paid-In Capital Per Share
4.1282
5.3103
1.0723
0.4704
Retained Earnings Per Share
1.8643
2.1780
2.3170
1.7401
Net Cash Flow From Operatings Activities Per Share
-0.1000
-0.7300
0.5300
0.5400
Net Cash Flow Per Share
-0.4300
3.1892
0.6442
-0.1207

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)
767.589
750.788
372.5622
272.665
Total Liabilities(Million)
45.6527
49.0349
91.745
81.2559
Current Liabilities(Million)
34.7673
40.2499
81.7623
65.156
Long Term Liabilities(Million)
-
-
-
-
Cash And Cash Equivalents(Million)
306.3264
348.0583
99.9425
57.7122
Accounts Receivables(Million)
209.6697
195.0841
141.0368
114.3246
Deposit Received(Million)
3.6945
4.8725
2.804
2.2847
Other Receivables(Million)
28.9634
21.1068
6.6952
5.8812
Bad Debt Reserve(Million)
-
-
-
-
Shareholder's Equity/Owner's Equity(Million)
721.9363
701.753
280.8172
191.4092
Debt ratio(%)
5.94
6.53
24.62
29.80
Equity Ratio(%)
94.0500
93.4600
75.3700
70.1900
Current Ratio
18.9042
16.3270
3.5406
3.0939
Quick Ratio
17.0252
15.1517
3.3103
2.9034

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)
149.6866
236.9952
250.4882
229.3833
Net Cash Flow From Operatings Activities(Million)
-9.6255
-58.1353
31.6184
29.999
Net Cash Flow From Operatings Activities Change(%)
-80.37
-283.87
5.40
27.25
Net Cash Flow(Million)
-42.997
255.1352
38.6508
-6.7594
Cash From Selling Commodities/Prime Revenue(%)
90.40
90.00
97.86
101.62
Net Cash Flow/Net Profit(%)
-152.56
486.41
65.06
-13.78
Cash Flow From Investing Activities(Million)
-27.4657
-25.0774
-23.5639
-12.9985
Cash Flow From Financing Activities(Million)
-5.9059
338.3479
30.5964
-23.7599

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)
165.5907
263.3389
255.9711
225.7168
Prime Operating Profit(Million)
-
-
-
-
Operating Costs(Million)
7.7435
11.9545
13.2943
11.5333
Administrative Costs(Million)
21.331
30.6998
20.8157
18.2701
Financing Costs(Million)
-6.8318
-4.3275
1.3159
1.7065
Above Three Costs Change(%)
-25.25
8.19
12.43
14.61
Operating Profit(Million)
28.9406
51.9085
61.7929
52.931
Income From Investment(Million)
0.4178
0.13
-
-
Government Subsidies(Million)
-
-
-
-
Net Non-Operating Income And Expense(Million)
4.5837
9.6911
7.6878
4.7629
Total Profit(Million)
33.5243
61.5996
69.4807
57.6939
Corporate Income Tax(Million)
5.3409
9.1468
10.0726
8.6479
Net Profit(Million)
28.1833
52.4528
59.4081
49.046
Gross Profit Ratio(%)
32.26
38.54
40.18
39.35
Operating Margin(%)
17.47
19.71
24.14
23.45
Return On Equity(ROE)(%)
3.90
7.47
21.16
25.62

Announcements for Jiangxi Hengda Hi-Tech Co.,Ltd.

Date: 2012-06-11
Title: DIVIDEND IMPLEMENTATION (CASH,STOCK DIVIDEND,BONUS ISSUE)
2011 distribution plan to be implemented (A shares):

1. Cash dividend/10 shares (tax included): CNY 1.00000000
2. Bonus issue from profit (share/10 shares): 1.0000
3. Bonus issue from capital reserve (share/10 shares): 1.5000


Record date: 15 June 2012
Ex-date: 18 June 2012
Payment date: 18 June 2012
Listing date of the bonus issues: 18 June 2012

10 percent withholding tax on cash dividend and bonus shares from profit will be deducted in CNY within the cash dividend receivable. Please refer to below details:
Tax on cash dividend/10 shares: CNY 0.10000000(10 PERCENT x CNY 1.00000000)

Tax on bonus shares from profit/10 shares: CNY 0.10000000(10PERCENT x CNY1(par value of the bonus shares) x1.0000)
Total tax amount/10 shares: CNY 0.20000000 (CNY 0.10000000 plus CNY 0.10000000)
Net amount after tax/10 shares: CNY 0.80000000(CNY 1.00000000- CNY 0.20000000)
Date: 2012-03-29
Title: FINAL DIVIDEND
The Company issued its 2011 annual report on 29 March 2012.

The profit distribution proposal for 2011:
1. Cash dividend/10 shares (tax included): CNY1.00000000
2. Bonus issue from profit (share/10 shares):1.0000
3. Bonus issue from capital reserve (share/10 shares):1.5000.
Date: 2012-03-29
Title: AGM-SPOT
The Company will hold the 2011 Annual General Meeting at 09:30 on 27 April 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 profit distribution plan
5. 2011 annual report and its summary
6. Reappointment of 2012 audit firm
7. Amendments to the Company's articles of association
8. Special report on the deposit and use of raised funds
9. Adjustment to the allowance for independent directors
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): 1.0000
3) Bonus issue from capital reserve (share/10 shares): 1.5000

Meeting attendees:
1. A-share holders registered at CSDCC Shenzhen after the close of trading on 23 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: 25 April 2012
Date: 2011-09-16
Title: PLACING SHARE LISTING
The Company's 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 21 September 2011.
Date: 2011-08-23
Title: EGM RESOLUTION
The Company held its 1st EGM of 2011 on 21 August 2011, during which the following proposal(s) was/were approved:
1. Amendments to the articles of association
2. By-election of independent directors.
Date: 2011-07-26
Title: EGM-SPOT
THE CO WILL HOLD THE 1ST EGM OF 2011 AT 10:00 ON 21AUG11.

MEETING AGENDA:
1. AMENDMENTS TO THE ARTICLES OF ASSOCIATION
2. BY-ELECTION OF INDEPENDENT DIRECTORS

MEETING ATTENDEES:
1. A-SHARE HOLDERS REGISTERED AT CSDCC SZN AFTER THE CLOSE OF TRADING ON 16AUG11 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: 18AUG11
Date: 2011-06-20
Title: IPO SHARE LISTING
THE CO ISSUED A TOTAL OF 20 MILLION SHARES (CODE:002591) IN ITS INITIAL PUBLIC OFFERING. OF THE SHARES,16 MILLION SHARES WILL BE LISTED ON THE SHENZHEN STOCK EXCHANGE ON 21JUN11 WHILE THE REMAINDER WILL BECOME TRADABLE THREE MONTHS LATER.
Date: 2011-06-09
Title: IPO-ONLINE SUBSCRIPTION
JIANGXI HENGDA HI-TECH CO., LTD. HAS BEEN APPROVED BY THE CHINA SECURITIES REGULATORY COMMISSION (THE CSRC) TO ISSUE 20.000000 MILLION A-SHARES IN ITS INITIAL PUBLIC OFFERING.
1. CLASS: A SHARES
2. STOCK CODE: 002591
3. STOCK ABBREVIATION: HENGDA HI-TECH
4. ISSUING VOLUME: 20.000000 MILLION SHARES
5. PAR VALUE: CNY1.00 PER SHARE
6. ISSUING MECHANISM: A BOOK BUILDING PROCESS WILL BE CONDUCTED WITH A COMBINATION OF ONLINE PUBLIC OFFERING AND OFFLINE PLACEMENT.
7. TARGETED LISTING BOURSE: SHENZHEN STOCK EXCHANGE
8. OFFLINE PLACEMENT VOLUME:4.000000 MILLION SHARES
9. ONLINE OFFERING VOLUME: 16.000000 MILLION SHARES
10. PRICE: CNY20.00 PER SHARE
11. OFFLINE SUBSCRIPTION PERIOD:10JUN11
12. ONLINE SUBSCRIPTION DATE: 10JUN11
Date: 2011-06-01
Title: IPO
JIANGXI HENGDA HI-TECH CO., LTD. HAS BEEN APPROVED BY THE CHINA SECURITIES REGULATORY COMMISSION (THE CSRC) TO ISSUE 20.0000 MILLION A-SHARES IN ITS INITIAL PUBLIC OFFERING, WHICH IS STRUCTURED AS FOLLOWS:
1.CLASS: A SHARES
2.SIZE: 20.0000 MILLION SHARES
3.PAR VALUE: CNY1.00 PER SHARE
4.ISSUING MECHANISM: A BOOK BUILDING PROCESS WILL BE CONDUCTED WITH A COMBINATION OF ONLINE PUBLIC OFFERING AND OFFLINE PLACEMENT.
5.TARGETED LISTING BOURSE: SHENZHEN STOCK EXCHANGE
6.OFFLINE PLACEMENT VOLUME: 4.0000 MILLION SHARES
7.ONLINE OFFERING VOLUME:16.0000 MILLION SHARES
8.IPO PRICE INQUIRY PERIOD: FROM 02JUN11 TO 07JUN11
9.IPO PRICE DETERMINED: 09JUN11
10.OFFLINE SUBSCRIPTION DATE:10JUN11
11.ONLINE SUBSCRIPTION DATE: 10JUN11
12.EXPECTED LISTING DATE:N/A