Net263 Co.,Ltd.



Quote for Net263 Co.,Ltd.

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Symbol/Code:
002467
Status:
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Stock Type:
A Share
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Currency in CNY Time=UTC+8002467 quote

Summary for Net263 Co.,Ltd.

Net263 Ltd. is a China-based provider of integrated communication services for medium- and small-sized enterprises, as well as business people. The Company operates its businesses primarily in the providing of communication services through value-added telecommunication mold. The Company involves in voice communication business, including 96446 Internet protocol (IP) resale services and network telephone services; voice value-added business, including 95050 multi-user communication services and network self-service telephone conference services, as well as data communication business, including enterprise mail services, among others. During the year ended December 31, 2010, the Company obtained approximately 33.4%, 28.7% and 26.5% of the total revenue from its voice communication services, data communication services and voice value-added services, respectively.

Profile for Net263 Co.,Ltd.

Full Name:Net263 Co.,Ltd.
Full Name in Chinese:二六三网络通信股份有限公司 Short Name in Chinese:二 六 三
Symbol/Stock Code:
002467
Listed in:
Shenzhen Stock Exchange
Issued Capital
-
Negotiable Capital:
-
Chairman:
Li Xiaolong
Secretary of the Board:
Liu Jiangtao
Phone:
+86-10-64260109
Fax:
+86-10-64260109
E-mail:invest263@net263.com
Address:16-17F, Jianda Mansion,No.12 East Tucheng Road,Hepingli, Chaoyang District, BEJ 100013
IPO Subscription Date:
2010-08-25
Listing Date:
2010-09-08
IPO Issued Capital:
30000000
IPO Price:
26 CNY
IPO fees:
30490100 CNY
Money Raised by IPO:
780000000 CNY
IPO Par Value:
1.00 CNY
Net Money Raised:
749509900 CNY
Open(Listing day):
43.00 CNY
Close(Listing day):
41.49 CNY
Diluted P/E ratio after IPO:
50.0000
Turnover rate(listing day):
78.97%

Financials for Net263 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)
66.6507
71.2494
69.249
70.342
Net Profit Growth(%)
4.29
2.88
-1.55
0.25
Return On Equity(ROE)(%)
6.13
6.65
6.60
26.44
Debt ratio(%)
13.11
9.83
8.02
20.31
Net Operating Cash Flow/Net Profit(%)
87.22
139.30
130.01
124.53

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
0.5900
0.6900
0.7800
Diluted Earnings Per Share
0.0000
0.5200
0.6600
0.7000
Net Asset Value Per Share (NAVPS)
4.5300
8.9300
8.7400
2.9600
Additional Paid-In Capital Per Share
2.5035
6.0036
6.0045
0.0124
Retained Earnings Per Share
0.7773
1.4248
1.2904
1.4238
Net Cash Flow From Operatings Activities Per Share
0.2400
0.8300
0.7500
0.9700
Net Cash Flow Per Share
-0.0927
0.3410
6.5662
0.1047

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)
1257.7613
1188.8547
1140.2336
333.9252
Total Liabilities(Million)
164.9931
116.9543
91.4668
67.8383
Current Liabilities(Million)
162.7744
115.7257
89.6838
67.8383
Long Term Liabilities(Million)
-
-
-
-
Cash And Cash Equivalents(Million)
315.6603
999.6918
958.7699
170.8228
Accounts Receivables(Million)
54.6617
32.7283
39.4512
40.5408
Deposit Received(Million)
126.2241
95.341
68.7024
47.6564
Other Receivables(Million)
5.1677
2.014
2.1065
1.5541
Bad Debt Reserve(Million)
-
-
-
-
Shareholder's Equity/Owner's Equity(Million)
1087.8935
1071.9003
1048.7668
266.0869
Debt ratio(%)
13.11
9.83
8.02
20.31
Equity Ratio(%)
86.4900
90.1600
91.9700
79.6800
Current Ratio
6.5357
9.0720
11.2680
3.2462
Quick Ratio
6.5268
9.0681
11.2634
3.2426

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)
270.2725
328.1112
309.2292
309.7663
Net Cash Flow From Operatings Activities(Million)
58.1349
99.2532
90.0289
87.5947
Net Cash Flow From Operatings Activities Change(%)
-11.33
10.25
2.78
-3.42
Net Cash Flow(Million)
-22.259
40.9219
787.9471
9.4199
Cash From Selling Commodities/Prime Revenue(%)
105.50
110.64
105.24
102.03
Net Cash Flow/Net Profit(%)
-33.40
57.43
1137.85
13.39
Cash Flow From Investing Activities(Million)
-30.621
-10.3313
-17.7698
-9.7748
Cash Flow From Financing Activities(Million)
-49.7729
-48
715.688
-68.4

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)
256.192
296.552
293.8282
303.6095
Prime Operating Profit(Million)
-
-
-
-
Operating Costs(Million)
30.4071
50.1259
41.7692
32.3854
Administrative Costs(Million)
63.4526
69.006
50.4265
45.3734
Financing Costs(Million)
-10.463
-19.162
-4.7455
-0.6274
Above Three Costs Change(%)
20.72
14.32
13.38
7.66
Operating Profit(Million)
71.709
75.0891
76.0954
81.4005
Income From Investment(Million)
24.4874
9.9896
10.5627
9.495
Government Subsidies(Million)
-
-
-
-
Net Non-Operating Income And Expense(Million)
0.8062
3.5947
1.9249
0.0256
Total Profit(Million)
72.5152
78.6837
78.0203
81.4261
Corporate Income Tax(Million)
4.6383
7.4343
8.7713
11.3009
Net Profit(Million)
66.6507
71.2494
69.249
70.342
Gross Profit Ratio(%)
53.75
58.32
54.45
51.49
Operating Margin(%)
27.99
25.32
25.89
26.81
Return On Equity(ROE)(%)
6.13
6.65
6.60
26.44

Announcements for Net263 Co.,Ltd.

Date: 2012-08-14
Title: EGM RESOLUTION
The Company held its 3rd Extraordinary General Meeting of 2012 on 13 August 2012, during which the following proposal(s) was/were approved:
1. Nomination of non-independent director candidates, accumulative voting system applicable
1.1. Nomination of Li Xiaolong as non-independent director
1.2. Nomination of Zhang Daqing as non-independent director
1.3. Nomination of Huang Mingsheng as non-independent director
1.4. Nomination of Lu Bing as non-independent director
2. Nomination of independent director candidates, accumulative voting system applicable
2.1. Nomination of Yang Xianzu as independent director candidate
2.2. Nomination of Ying Huajiang as independent director candidate
2.3. Nomination of Wang Lianfeng as independent director candidate
3. Nomination of shareholder representative supervisor candidates, accumulative voting system applicable
3.1. Nomination of Sun Wenchao as shareholder representative supervisor
3.2. Nomination of Wang Xuesi as shareholder representative supervisor
4. Amendments to the Company's articles of association
5. Change of the funds invested in a project to other two projects
6. Amendments to external investment management system
Date: 2012-05-25
Title: DIVIDEND IMPLEMENTATION (CASH AND BONUS ISSUE)
2011 final distribution plan to be implemented (A shares):

1. Cash dividend/10 shares (tax included): CNY4.00000000
2. Bonus issue from profit (share/10 shares): none
3. Bonus issue from capital reserve (share/10 shares): 10.0000


Record date: 31 May 2012
Ex-date: 01 June 2012
Payment date: 01 June 2012
Listing date of the bonus issues: 01 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: CNY0.40000000(10 percent x CNY4.00000000)
Net cash dividend/10 shares after tax: CNY3.60000000(CNY4.00000000- CNY0.40000000)
Date: 2012-05-15
Title: EGM RESOLUTION
The Company held its 2nd Extraordinary General Meeting of 2012 on 14 May 2012, during which the following proposal(s) was/were approved:
1. Purchase of major assets
2. Compliance with relevant regulation in respect of the purchase of major assets
3. Independence of the evaluation institution, rationality of the evaluation assumptions, relevancy of evaluation methods and purpose and fairness of the evaluated price in respect of the purchase of major assets
4. To deliberate whether the purchase of major assets constitutes connected transaction
5. To sign agreements in relation to the major assets restructuring
6. To sign 2012 to 2014 profit forecast compensation agreement regarding the assets of iTalk Global Communications, Inc
7. Audit, profit forecast audit reports and evaluation reports in relation to the purchase of major assets
8. Report on the purchase of major assets (draft) and its summary
9. Capital increase in a company with excessive raised funds and proprietary funds
10. Mandate to the board to handle matters in relation to the purchase of major assets.
Date: 2012-04-26
Title: FINAL DIVIDEND
The Company issued its 2011 annual report on 26 April 2012.

The profit distribution proposal for 2011:
1. Cash dividend/10 shares (tax included): CNY4.00000000
2. Bonus issue from profit (share/10 shares):none
3. Bonus issue from capital reserve (share/10 shares):10.0000.
Date: 2012-04-26
Title: AGM-SPOT
The Company will hold the 2011 Annual General Meeting at 10:00 on 18 May 2012.

Meeting agenda:
1. 2011 annual report and its summary
2. 2011 work report of the board of directors
3. 2011 work report of the supervisory committee
4. 2011 financial resolution report
5. 2012 financial budget report
6. 2011 report on the deposit and use of raised funds
7. Reappointment of audit firm
8. 2011 profit distribution plan and bonus issue from capital reserve
9. Amendments to the Company's articles of association
The detailed profit distribution plan are as follows:
1) Cash dividend/10 shares (tax included): CNY4.00000000
2) Bonus issue from profit (share/10 shares): none
3) Bonus issue from capital reserve (share/10 shares): 10.0000

Meeting attendees:
1. A-share holders registered at CSDCC Shenzhen after the close of trading on 14 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: 16 May 2012
Date: 2012-04-17
Title: EGM RESOLUTION
The Company held its 1st Extraordinary General Meeting of 2012 on 16 April 2012, during which the following proposal(s) was/were approved:
1. Acquisition of 100 percent equity in a company with partial excessive raised funds and the funds from the change of use of a project invested with raised funds
2. Postponement of a project invested with raised funds
3. Change of the implementation body for a project invested with raised funds.
Date: 2012-03-30
Title: TRADING SUSPENSION
Due to matters related to major events, trading of the Company's shares will continue to be suspended as of 02 April 2012 and resumed no later than 02 May 2012.
Date: 2012-03-02
Title: TRADING SUSPENSION
Due to matters related to major events, trading of the Company's shares will be suspended as of 02 March 2012 and resumed from 02 April 2012 if the Company fails to disclose its plan for major events.
Date: 2011-10-27
Title: EGM-SPOT
The Company will hold the 3rd Extraordinary General Meeting of 2011 at 10:00 on 11 November 2011.

Meeting agenda:
1. Change of the Company's business scope
2. Change of the name of 2011 audit firm
3. Purchase of Directors and Officers Liability Insurance

Meeting attendees:
1. A-share holders registered at CSDCC Shenzhen after the close of trading on 08 November 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: 10 November 2011
Date: 2011-09-05
Title: RESTRICTED SHARE LISTING
The Company's 44,201,621 restricted A-shares will be listed on the Shenzhen Stock Exchange as of 08 September 2011.