Nanning Baling Technology Co.,Ltd



Quote for Nanning Baling Technology Co.,Ltd

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Symbol/Code:
002592
Status:
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Stock Type:
A Share
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Currency in CNY Time=UTC+8002592 quote

Summary for Nanning Baling Technology Co.,Ltd

Nanning Baling Technology Co., Ltd. is principally engaged in the research, development, production and distribution of heat exchangers, as well as the provision of heat exchange application solution services. The Company Primarily provides brazing hard soldering radiators, brazing hard soldering intercoolers, brazing soft soldering radiators, aluminum hard soldering radiators and heaters for automobile use. The Company's products are mainly applied in engine cooling systems of power machines in automobile, engineering machinery, military industry, electricity, ship and other industries. The Company distributes its products in domestic markets, and also to overseas markets, including the United States.

Profile for Nanning Baling Technology Co.,Ltd

Full Name:Nanning Baling Technology Co.,Ltd
Full Name in Chinese:南宁八菱科技股份有限公司 Short Name in Chinese:八菱科技
Symbol/Stock Code:
002592
Listed in:
Shenzhen Stock Exchange
Issued Capital
-
Negotiable Capital:
-
Chairman:
Gu Yu
Secretary of the Board:
Huang Shengtian
Phone:
+86-771-3216598
Fax:
+86-771-3211338
Official Website:www.baling.com.cn
E-mail:nnblkj@baling.com.cn
Address:No. 1,Kede Road, Industrial Park, High,NANNING GUX 530003
IPO Subscription Date:
2011-10-31
Listing Date:
2011-11-11
IPO Issued Capital:
18900000
IPO Price:
17.11 CNY
IPO fees:
48689400 CNY
Money Raised by IPO:
323379000 CNY
IPO Par Value:
1.00 CNY
Net Money Raised:
274689600 CNY
Open(Listing day):
26.88 CNY
Close(Listing day):
27.80 CNY
Diluted P/E ratio after IPO:
18.4000
Turnover rate(listing day):
92.15%

Financials for Nanning Baling Technology 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)
62.2428
78.7061
72.8686
53.0778
Net Profit Growth(%)
6.63
8.01
37.28
26.73
Return On Equity(ROE)(%)
9.89
13.35
30.83
29.88
Debt ratio(%)
22.71
23.65
48.55
52.87
Net Operating Cash Flow/Net Profit(%)
72.84
36.20
76.78
112.08

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)
0.6300
1.3500
1.2900
0.9400
Diluted Earnings Per Share
0.0000
1.2400
1.2400
0.8900
Net Asset Value Per Share (NAVPS)
6.4100
7.8100
4.1700
3.1400
Additional Paid-In Capital Per Share
2.4746
3.5170
0.1733
0.1733
Retained Earnings Per Share
2.4433
2.6521
2.3556
1.5117
Net Cash Flow From Operatings Activities Per Share
0.4600
0.3800
0.9900
1.0500
Net Cash Flow Per Share
-0.7834
3.0691
0.5168
-0.3860

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)
814.3192
772.4974
459.4263
376.9944
Total Liabilities(Million)
184.9768
182.7421
223.0667
199.3487
Current Liabilities(Million)
152.5537
147.5782
191.8349
172.999
Long Term Liabilities(Million)
-
-
-
-
Cash And Cash Equivalents(Million)
220.5344
297.447
65.6736
36.4121
Accounts Receivables(Million)
55.2355
63.7756
47.9172
47.2806
Deposit Received(Million)
2.7006
1.1006
0.8341
0.7515
Other Receivables(Million)
3.7232
2.2022
1.6617
2.4542
Bad Debt Reserve(Million)
-
-
-
-
Shareholder's Equity/Owner's Equity(Million)
629.3424
589.7553
236.3596
177.6458
Debt ratio(%)
22.71
23.65
48.55
52.87
Equity Ratio(%)
77.2800
76.3400
51.4400
47.1200
Current Ratio
4.1126
3.9826
1.5723
1.2762
Quick Ratio
3.3928
3.4345
1.2136
0.9490

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)
242.3809
258.3517
260.3948
197.0639
Net Cash Flow From Operatings Activities(Million)
45.3354
28.4916
55.9465
59.4907
Net Cash Flow From Operatings Activities Change(%)
624.24
-49.07
-5.96
84.25
Net Cash Flow(Million)
-76.9126
231.7734
29.2615
-21.8553
Cash From Selling Commodities/Prime Revenue(%)
61.87
51.40
55.95
55.11
Net Cash Flow/Net Profit(%)
-123.57
294.48
40.16
-41.18
Cash Flow From Investing Activities(Million)
-59.2482
-32.5172
-11.3176
-22.5005
Cash Flow From Financing Activities(Million)
-62.9998
235.8002
-15.3674
-58.8454

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)
391.7552
502.6054
465.4254
357.6108
Prime Operating Profit(Million)
-
-
-
-
Operating Costs(Million)
10.9025
13.8528
15.4918
11.0828
Administrative Costs(Million)
25.4942
29.041
27.1748
26.361
Financing Costs(Million)
-3.9596
4.9469
4.2969
6.2228
Above Three Costs Change(%)
-7.27
1.87
7.55
25.45
Operating Profit(Million)
61.4139
78.9431
73.2449
53.1246
Income From Investment(Million)
4.9277
4.9511
4.7534
4.3099
Government Subsidies(Million)
-
-
-
-
Net Non-Operating Income And Expense(Million)
5.0302
7.1561
2.719
2.9298
Total Profit(Million)
66.4441
86.0992
75.9639
56.0544
Corporate Income Tax(Million)
4.2013
7.3931
3.0953
2.9766
Net Profit(Million)
62.2428
78.7061
72.8686
53.0778
Gross Profit Ratio(%)
23.02
25.06
25.37
26.84
Operating Margin(%)
15.67
15.70
15.73
14.85
Return On Equity(ROE)(%)
9.89
13.35
30.83
29.88

Announcements for Nanning Baling Technology Co.,Ltd

Date: 2012-10-10
Title: EGM RESOLUTION
The Company held its 4th Extraordinary General Meeting of 2012 on 09 October 2012, during which the following proposal(s) was/were approved:
1. The Company's eligibility for issuance of corporate bonds
2. Issuance of corporate bonds
2.1. Issuance volume
2.2. Arrangement for placement to shareholders
2.3. Par value and issuing price
2.4. Bond type and bond duration
2.5. Interest rate and determination method thereof
2.6. Purpose of raised funds
2.7. Issuance method and targets
2.8. Guarantee method of issuance of corporate bonds
2.9. The valid period of the resolution on corporate bond issue
2.10. Exchange to be listed in
3. Mandate to the board to handle matters in relation to the issuance of corporate bonds
Date: 2012-09-18
Title: EGM-ONLINE
The Company will hold the 4th Extraordinary General Meeting of 2012 at 14:00 on 09 October 2012.

Meeting agenda:
1. The Company's eligibility for issuance of corporate bonds
2. Issuance of corporate bonds
2.1. Issuance volume
2.2. Arrangement for placement to shareholders
2.3. Par value and issuing price
2.4. Bond type and bond duration
2.5. Interest rate and determination method thereof
2.6. Purpose of raised funds
2.7. Issuance method and targets
2.8. Guarantee method of issuance of corporate bonds
2.9. The valid period of the resolution on corporate bond issue
2.10. Exchange to be listed in
3. Mandate to the board to handle matters in relation to the issuance of corporate bonds


Meeting attendees:
1. A-share holders registered at CSDCC Shenzhen after the close of trading on 26 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 08 October 2012 to 08 October 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: 09 October 2012
Voting code:362592
Voting abbreviation:Baling Technology 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 08 October 2012 to 09 October 2012.
Date: 2012-08-14
Title: EGM RESOLUTION
The Company held its 3rd Extraordinary General Meeting of 2012 on 11 August 2012, during which the following proposal(s) was/were approved:
1. Amendments to the Company's articles of association
2. Amendments to the Company's rules of procedures governing the general meeting of shareholders
3. Amendments to the Company's rules of procedures governing the board meeting
Date: 2012-07-24
Title: EGM-SPOT
The Company will hold the 3rd Extraordinary General Meeting of 2012 at 09:00 on 11 August 2012.

Meeting agenda:
1 Amendments to the Company's articles of association
2 Amendments to the Company's rules of procedures governing the general meeting of shareholders
3 Amendments to the Company's rules of procedures governing the board meeting


Meeting attendees:
1. A-share holders registered at CSDCC Shenzhen after the close of trading on 08 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: 10 August 2012
Date: 2012-07-03
Title: EGM RESOLUTION
The Company held its 2nd Extraordinary General Meeting of 2012 on 30 June 2012, during which the following proposal(s) was/were approved:
1. Formulation of implementation rules for accumulative voting system
2. Formulation of management system for online voting at shareholders' meeting
3. Amendments to the Company's articles of association and to to handle the changes in the industrial and commercial registration
4. Amendments to the rules of procedures for the directors board.
Date: 2012-06-15
Title: EGM-SPOT
The Company will hold the 2nd Extraordinary General Meeting of 2012 at 09:00 on 30 June 2012.

Meeting agenda:
1. Formulation of implementation rules for accumulative voting system
2. Formulation of management system for online voting at shareholders' meeting
3. Amendments to the Company's articles of association and to to handle the changes in the industrial and commercial registration
4. Amendments to the rules of procedures for the directors board

Meeting attendees:
1. A-share holders registered at CSDCC Shenzhen after the close of trading on 27 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: 29 June 2012
Date: 2012-06-11
Title: DIVIDEND IMPLEMENTATION (CASH AND BONUS ISSUE)
2011 final distribution plan to be implemented (A shares):

1. Cash dividend/10 shares (tax included): CNY3.00000000
2. Bonus issue from profit (share/10 shares): none
3. Bonus issue from capital reserve (share/10 shares): 3.0000


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 will be deducted in CNY within the cash dividend receivable. Please refer to below details:
Tax on cash dividend/10 shares: CNY0.30000000(10 percent x CNY3.00000000)
Net cash dividend/10 shares after tax: CNY2.70000000(CNY3.00000000- CNY0.30000000)
Date: 2012-04-24
Title: AGM RESOLUTION
The Company held its Annual General Meeting of 2011 on 21 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 financial resolution report
4. 2011 annual report and its summary
5. 2011 profit distribution plan
6. Formulation of the system for external guarantee management
The detailed profit distribution plan are as follows:
1) Cash dividend/10 shares (tax included): CNY3.00000000
2) Bonus issue from profit (share/10 shares): none
3) Bonus issue from capital reserve (share/10 shares): 3.00.
Date: 2012-03-20
Title: FINAL DIVIDEND
The Company issued its 2011 annual report on 20 March 2012.

The profit distribution proposal for 2011:
1. Cash dividend/10 shares (tax included): CNY3.00000000
2. Bonus issue from profit (share/10 shares):none
3. Bonus issue from capital reserve (share/10 shares):3.0000.
Date: 2012-03-20
Title: AGM-SPOT
The Company will hold the 2011 Annual General Meeting at 09:30 on 21 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 annual report and its summary
5. 2011 profit distribution plan
6. Formulation of the system for external guarantee management
The detailed profit distribution plan are as follows:
1) Cash dividend/10 shares (tax included): CNY3.00000000
2) Bonus issue from profit (share/10 shares): none
3) Bonus issue from capital reserve (share/10 shares): 3.0000

Meeting attendees:
1. A-share holders registered at CSDCC Shenzhen after the close of trading on 18 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: 20 April 2012