Longxing Chemical Industry Co.,Ltd.



Quote for Longxing Chemical Industry Co.,Ltd.

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Symbol/Code:
002442
Status:
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Stock Type:
A Share
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Currency in CNY Time=UTC+8002442 quote

Summary for Longxing Chemical Industry Co.,Ltd.

Longxing Chemical Stock Co., Ltd. is principally engaged in the production and distribution of carbon black products. The Company primarily provides carbon black of six series, including N100, N200, N300, N500, N600 and N700 series. The Company also provides electricity power, industrial naphthalene, scrubbing oil and other chemical products. Its carbon black products are applied primarily in the manufacture of tires and rubber products. The Company distributes its products in domestic and overseas markets.

Profile for Longxing Chemical Industry Co.,Ltd.

Full Name:Longxing Chemical Industry Co.,Ltd.
Full Name in Chinese:龙星化工股份有限公司 Short Name in Chinese:龙星化工
Symbol/Stock Code:
002442
Listed in:
Shenzhen Stock Exchange
Issued Capital
-
Negotiable Capital:
-
Chairman:
Liu Jiangshan
Secretary of the Board:
Jiang Hao
Phone:
+86-319-8869535
Fax:
+86-319-8869260
Official Website:www.hb-lx.com.cn
E-mail:lxjianghao@126.com
Address:No.1 Longxing Street,Donghuan Road, Shahe City,XINGTAI HEB 054100
IPO Subscription Date:
2010-06-23
Listing Date:
2010-07-06
IPO Issued Capital:
50000000
IPO Price:
12.5 CNY
IPO fees:
42998400 CNY
Money Raised by IPO:
625000000 CNY
IPO Par Value:
1.00 CNY
Net Money Raised:
582001600 CNY
Open(Listing day):
13.50 CNY
Close(Listing day):
15.11 CNY
Diluted P/E ratio after IPO:
36.7600
Turnover rate(listing day):
84.92%

Financials for Longxing Chemical Industry Co.,Ltd.

UPDATE:2012-10-22 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)
36.0198
122.2297
72.5097
69.2659
Net Profit Growth(%)
-57.63
68.57
4.68
125.93
Return On Equity(ROE)(%)
3.23
10.71
6.85
17.41
Debt ratio(%)
52.30
44.56
38.60
55.68
Net Operating Cash Flow/Net Profit(%)
-164.36
40.48
-27.51
220.64

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)
0.0750
0.3800
0.2500
0.4600
Diluted Earnings Per Share
0.0000
0.3300
0.2200
0.4500
Net Asset Value Per Share (NAVPS)
2.3200
3.5700
5.3000
2.6500
Additional Paid-In Capital Per Share
0.8630
1.7945
3.4712
1.0368
Retained Earnings Per Share
0.3991
0.6860
0.7387
0.5495
Net Cash Flow From Operatings Activities Per Share
-0.1230
0.1500
-0.1000
1.0200
Net Cash Flow Per Share
-0.4904
-0.1320
1.7902
-0.2286

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)
2504.8781
2206.0487
1725.0308
898.0623
Total Liabilities(Million)
1310.2385
983.1208
665.8653
500.1152
Current Liabilities(Million)
1238.8281
914.6203
600.0503
443.5152
Long Term Liabilities(Million)
-
-
-
-
Cash And Cash Equivalents(Million)
151.9333
379.3463
411.589
38.5482
Accounts Receivables(Million)
447.5939
394.5089
279.5401
180.44
Deposit Received(Million)
9.0353
7.2885
9.957
4.617
Other Receivables(Million)
7.2694
3.6127
1.4604
7.5605
Bad Debt Reserve(Million)
-
-
-
-
Shareholder's Equity/Owner's Equity(Million)
1114.4629
1141.3952
1059.1655
397.9471
Debt ratio(%)
52.30
44.56
38.60
55.68
Equity Ratio(%)
44.4900
51.7300
61.3900
44.3100
Current Ratio
1.0060
1.4355
1.8466
1.1435
Quick Ratio
0.6926
1.1841
1.5236
0.9111

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)
1618.4599
2236.3466
1434.205
1093.8715
Net Cash Flow From Operatings Activities(Million)
-59.2009
49.4784
-19.9443
152.8262
Net Cash Flow From Operatings Activities Change(%)
48.97
-348.08
-113.05
-250.38
Net Cash Flow(Million)
-235.413
-42.2427
358.0408
-34.2843
Cash From Selling Commodities/Prime Revenue(%)
115.85
109.45
107.54
113.00
Net Cash Flow/Net Profit(%)
-653.56
-34.56
493.78
-49.50
Cash Flow From Investing Activities(Million)
-337.7383
-314.2846
-203.3724
-64.4741
Cash Flow From Financing Activities(Million)
163.517
236.9763
582.1733
-122.5246

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)
1397.0356
2043.2917
1333.5943
967.9933
Prime Operating Profit(Million)
-
-
-
-
Operating Costs(Million)
82.584
115.6393
84.519
65.2155
Administrative Costs(Million)
63.0521
72.8845
49.5068
31.0859
Financing Costs(Million)
43.8098
62.0411
-0.2273
-0.3016
Above Three Costs Change(%)
4.96
87.27
39.37
-31.25
Operating Profit(Million)
34.0119
127.1256
75.6959
87.6107
Income From Investment(Million)
-
-
-
-
Government Subsidies(Million)
-
-
-
-
Net Non-Operating Income And Expense(Million)
6.9469
20.4235
9.2553
2.9159
Total Profit(Million)
40.9588
147.549
84.9512
90.5266
Corporate Income Tax(Million)
6.2949
23.7866
12.4415
21.2607
Net Profit(Million)
36.0198
122.2297
72.5097
69.2659
Gross Profit Ratio(%)
16.41
19.12
19.05
23.61
Operating Margin(%)
2.43
6.22
5.67
9.05
Return On Equity(ROE)(%)
3.23
10.71
6.85
17.41

Announcements for Longxing Chemical Industry Co.,Ltd.

Date: 2012-10-31
Title: EGM REMINDER
The Company will hold the 2nd Extraordinary General Meeting of 2012 at 09:30 on 07 November 2012.

Meeting agenda:
1. Extension of the validity period of the scheme on A-share non-public share offering
2. Authorization to the board to handle matters in relation to non-public share offering


Meeting attendees:
1. A-share holders registered at CSDCC Shenzhen after the close of trading on 31 October 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 06 November 2012 to 06 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: 07 November 2012
Voting code:362442
Voting abbreviation:Longxing Chemical 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 06 November 2012 to 07 November 2012.
Date: 2012-10-23
Title: EGM-ONLINE
The Company will hold the 2nd Extraordinary General Meeting of 2012 at 09:30 on 07 November 2012.

Meeting agenda:
1. Extension of the validity period of the scheme on A-share non-public share offering
2. Authorization to the board to handle matters in relation to non-public share offering


Meeting attendees:
1. A-share holders registered at CSDCC Shenzhen after the close of trading on 31 October 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 06 November 2012 to 06 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: 07 November 2012
Voting code:362442
Voting abbreviation:Longxing Chemical 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 06 November 2012 to 07 November 2012.
Date: 2012-08-07
Title: EGM RESOLUTION
The Company held its 1st Extraordinary General Meeting of 2012 on 04 August 2012, during which the following proposal(s) was/were approved:
1. Amendments to the Company's articles of association
2. Plan on the shareholders' return for the next three years from 2012 to 2014
Date: 2012-07-20
Title: EGM-SPOT
The Company will hold the 1st Extraordinary General Meeting of 2012 at 15:00 on 04 August 2012.

Meeting agenda:
1. Amendments to the Company's articles of association
2. Plan on the shareholders' return for the next three years from 2012 to 2014

Meeting attendees:
1. A-share holders registered at CSDCC Shenzhen after the close of trading on 31 July 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: 03 August 2012
Date: 2012-03-30
Title: DIVIDEND IMPLEMENTATION (CASH AND BONUS ISSUE)
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): 5.0000


Record date: 10 April 2012
Ex-date: 11 April 2012
Payment date: 11 April 2012
Listing date of the bonus issues: 11 April 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: 2012-03-29
Title: AGM RESOLUTION
The Company held its Annual General Meeting of 2011 on 28 March 2012, during which the following proposal(s) was/were approved:
1. 2011 work report of the board of directors
2. 2011 annual report and its summary
3. 2011 financial resolution report
4. 2011 profit distribution plan
5. Special report on the deposit and use of raised funds in 2011
6. Statement on the use of previously raised funds
7. 2011 work report of the supervisory committee
8. 2011 remunerations for directors, supervisors and senior management
9. Special audit explanation on fund embezzlement by related parties in 2011
10. 2012 application for comprehensive credit financing to banks
11. Amendments to the Company's articles of association
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): 5.00.
Date: 2012-03-22
Title: AGM REMINDER
The Company will hold the 2011 Annual General Meeting at 09:00 on 28 March 2012.

Meeting agenda:
1. 2011 work report of the board of directors
2. 2011 annual report and its summary
3. 2011 financial resolution report
4. 2011 profit distribution plan
5. Special report on the deposit and use of raised funds in 2011
6. Statement on the use of previously raised funds
7. 2011 work report of the supervisory committee
8. 2011 remunerations for directors, supervisors and senior management
9. Special audit explanation on fund embezzlement by related parties in 2011
10. 2012 application for comprehensive credit financing to banks
11. Amendments to the Company's articles of association
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): 5.0000

Meeting attendees:
1. A-share holders registered at CSDCC Shenzhen after the close of trading on 22 March 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: 27 March 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: 28 March 2012
Voting code:362442
Voting abbreviation:Longxing Chemical 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 27 March 2012 to 28 March 2012.
Date: 2012-03-06
Title: FINAL DIVIDEND
The Company issued its 2011 annual report on 06 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):5.0000.
Date: 2012-03-06
Title: AGM-ONLINE
The Company will hold the 2011 Annual General Meeting at 09:00 on 28 March 2012.

Meeting agenda:
1. 2011 work report of the board of directors
2. 2011 annual report and its summary
3. 2011 financial resolution report
4. 2011 profit distribution plan
5. Special report on the deposit and use of raised funds in 2011
6. Statement on the use of previously raised funds
7. 2011 work report of the supervisory committee
8. 2011 remunerations for directors, supervisors and senior management
9. Special audit explanation on fund embezzlement by related parties in 2011
10. 2012 application for comprehensive credit financing to banks
11. Amendments to the Company's articles of association
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): 5.0000

Meeting attendees:
1.A-share holders registered at CSDCC Shenzhen after the close of trading on 22 March 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: 27 March 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: 28 March 2012
Voting code:362442
Voting abbreviation:Longxing Chemical 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 27 March 2012 to 28 March 2012.
Date: 2011-11-18
Title: EGM RESOLUTION
The Company held its 3rd Extraordinary General Meeting of 2011 on 17 November 2011, during which the following proposal(s) was/were approved:
1. The eligibility for non-public share offering
2. 2011 scheme for non-public share offering
3. 2011 preplan for non-public share offering
4. Report of the board on use of previously raised funds
5. Feasibility report on use of proceeds from the non-public share offering
6. Capital expansion in a company
7. Authorization to the board to handle matters in relation to non-public share offering
8. Nomination of supervisor Mr Hou Hegang as shareholder representative supervisor, with his term of service unchanged, proposed by controlling shareholder and de facto controller Mr Liu Jiangshan.