Shandong Molong Petroleum Machinery Co. Ltd.



Quote for Shandong Molong Petroleum Machinery Co. Ltd.

Last Trade:
-
Change:
--
Symbol/Code:
002490
Status:
-
Stock Type:
A Share
Market Cap:
-
Open:
-
Prev Close:
-
Bid:
-
Ask:
-
Volume(*100):
-
Amount:
-
Limit Up:
-
Limit Down:
-
Day's Range:
-
P/E(ttm):
-
P/B ratio
-
Update:-
Currency in CNY Time=UTC+8002490 quote

Summary for Shandong Molong Petroleum Machinery Co. Ltd.

Shandong Molong Petroleum Machinery Company Limited, along with its subsidiaries, are principally engaged in the manufacturing and sales of oil well pumps, oil well sucker rods, oil pumping machinery, oil pumping pipes, petroleum machinery, textile machinery, petroleum equipment and accessories, high pressure isolation switch, high pressure electrical appliances, related electrical equipment, metal material specialized for petroleum use and the acquisition of scrap metal; development of petroleum machinery and its associated products; information service on commodities (excluding agency), and import and export. The Company's products include sucker rod, sub surface sucker rod pump, pumping units, valves, sleeves, tubing and casing, high precision steel pipes, tubes and accessories.

Profile for Shandong Molong Petroleum Machinery Co. Ltd.

Full Name:Shandong Molong Petroleum Machinery Co. Ltd.
Full Name in Chinese:山东墨龙石油机械股份有限公司 Short Name in Chinese:山东墨龙
Symbol/Stock Code:
002490
Listed in:
Shenzhen Stock Exchange
Issued Capital
-
Negotiable Capital:
-
Chairman:
Zhang Enrong
Secretary of the Board:
Xie Xincang
Phone:
+86-536-5100890
Fax:
+86-536-5100888
E-mail:sdml@molonggroup.com
Address:No. 99, Beihuan Road,No. 99, Beihuan Road, Shouguan,WEIFANG SDG 262700
IPO Subscription Date:
2010-10-11
Listing Date:
2010-10-21
IPO Issued Capital:
70000000
IPO Price:
18 CNY
IPO fees:
63261700 CNY
Money Raised by IPO:
1260000000 CNY
IPO Par Value:
1.00 CNY
Net Money Raised:
1196738300 CNY
Open(Listing day):
20.00 CNY
Close(Listing day):
20.53 CNY
Diluted P/E ratio after IPO:
32.7300
Turnover rate(listing day):
67.16%

Financials for Shandong Molong Petroleum Machinery Co. Ltd.

UPDATE:2012-10-27 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)
120.5102
168.3303
276.1492
268.3152
Net Profit Growth(%)
-9.42
-39.04
2.91
-12.26
Return On Equity(ROE)(%)
4.19
6.02
10.28
21.43
Debt ratio(%)
46.11
39.15
40.18
59.66
Net Operating Cash Flow/Net Profit(%)
14.92
52.06
140.87
35.32

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)
0.1500
0.4200
0.8100
0.8200
Diluted Earnings Per Share
0.0000
0.3500
0.7400
0.6700
Net Asset Value Per Share (NAVPS)
3.6000
7.0100
6.7300
3.8100
Additional Paid-In Capital Per Share
1.0647
3.1295
3.1294
0.3699
Retained Earnings Per Share
1.3415
2.4808
2.2529
2.1102
Net Cash Flow From Operatings Activities Per Share
0.0200
0.2200
0.9800
0.2900
Net Cash Flow Per Share
0.1709
-1.0117
1.3238
-0.5761

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)
5454.1139
4688.9314
4586.4108
3256.6069
Total Liabilities(Million)
2515.2872
1835.9537
1843.2075
1942.9717
Current Liabilities(Million)
2498.9705
1815.3957
1830.18
1352.5017
Long Term Liabilities(Million)
-
-
-
-
Cash And Cash Equivalents(Million)
716.4147
413.632
892.2866
305.5095
Accounts Receivables(Million)
602.0133
460.1641
500.8676
455.1092
Deposit Received(Million)
24.8478
20.7135
34.7217
52.5282
Other Receivables(Million)
23.9018
29.8206
30.2817
24.3691
Bad Debt Reserve(Million)
-
-
-
-
Shareholder's Equity/Owner's Equity(Million)
2874.9545
2795.0144
2685.9904
1252.3202
Debt ratio(%)
46.11
39.15
40.18
59.66
Equity Ratio(%)
52.7100
59.6000
58.5600
38.4500
Current Ratio
1.1566
1.2497
1.3036
1.1740
Quick Ratio
0.6640
0.6014
0.8973
0.6463

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)
2689.7926
3072.0752
2209.4458
2319.2474
Net Cash Flow From Operatings Activities(Million)
17.9745
87.6286
389.0135
94.7699
Net Cash Flow From Operatings Activities Change(%)
-170.35
-77.47
310.48
-79.32
Net Cash Flow(Million)
136.3572
-403.589
528.1041
-189.502
Cash From Selling Commodities/Prime Revenue(%)
116.03
112.17
81.71
111.74
Net Cash Flow/Net Profit(%)
113.15
-239.76
191.24
-70.63
Cash Flow From Investing Activities(Million)
-304.4168
-397.3
-577.8577
-453.8243
Cash Flow From Financing Activities(Million)
427.101
-94.2304
716.7654
169.4957

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)
2318.2365
2738.6918
2703.9068
2075.5513
Prime Operating Profit(Million)
-
-
-
-
Operating Costs(Million)
47.1448
57.5865
51.3608
61.2506
Administrative Costs(Million)
64.8666
87.9444
91.384
63.8294
Financing Costs(Million)
21.9253
14.6495
44.3419
10.6569
Above Three Costs Change(%)
20.42
-14.38
37.83
-20.44
Operating Profit(Million)
127.4277
166.2675
276.7167
270.746
Income From Investment(Million)
-
0.2533
0.1913
5.8271
Government Subsidies(Million)
-
-
-
-
Net Non-Operating Income And Expense(Million)
25.5552
33.797
47.7671
53.5344
Total Profit(Million)
152.9829
200.0645
324.4838
324.2804
Corporate Income Tax(Million)
24.8093
31.0223
47.5035
50.4582
Net Profit(Million)
120.5102
168.3303
276.1492
268.3152
Gross Profit Ratio(%)
11.29
12.08
17.24
19.12
Operating Margin(%)
5.49
6.07
10.23
13.04
Return On Equity(ROE)(%)
4.19
6.02
10.28
21.43

Announcements for Shandong Molong Petroleum Machinery Co. Ltd.

Date: 2012-07-16
Title: DIVIDEND IMPLEMENTATION (CASH AND BONUS ISSUE)
2011 final distribution plan to be implemented (A shares):

1. Cash dividend/10 shares (tax included): CNY1.00000000
2. Bonus issue from profit (share/10 shares): none
3. Bonus issue from capital reserve (share/10 shares): 10.0000


Record date: 19 July 2012
Ex-date: 20 July 2012
Payment date: 20 July 2012
Listing date of the bonus issues: 20 July 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: CNY0.10000000(10 percent x CNY1.00000000)
Net cash dividend/10 shares after tax: CNY0.90000000(CNY1.00000000- CNY0.10000000)
Date: 2012-05-09
Title: AGM CHANGE
Further to our previous message on 06 April 2012 about the Company's Annual General Meeting of 2011, the Company announced on 09 May 2012 the following changes made with regard to the said meeting:

Additional items to be discussed:
1. The Company and its subsidiaries to use idle proprietary funds to purchase the bank wealth management products
Other information remains unchanged.
Date: 2012-04-06
Title: EGM(A)-SPOT
The Company will hold the 1st Class Meeting of Holders of Domestic Shares at 09:00 on 25 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 comprehensive financial statements and auditor reports audited by domestic auditors
5. Reappointment of audit firm and mandate to the board to decide its audit fee
6. Appointment of Mr Guo Hongli as non-executive director and mandate to the board to decide his remuneration
7. Appointment of Mr John Paul Cameron as independent non-executive director and mandate to the board to decide his remuneration
8. Appointment of Ms Wang Chunhua as independent non-executive director and mandate to the board to decide her remuneration
9. Appointment of Mr Liu Huaiduo as supervisor and mandate to the board to decide his remuneration
10. Appointment of Mr Zhang Jiuli as supervisor and mandate to the board to decide his remuneration
11. Appointment of Mr Fan Renyi as supervisor and mandate to the board to decide his remuneration
12. 2012 application for comprehensive credit line to domestic banks and mandate to any executive director to sign all credit agreements, financing agreements and relevant documents, to amend the aforesaid documents as appropriate and to take all actions under this proposal as appropriate
13. 2011 profit distribution plan
1) Cash dividend/10 shares (tax included): CNY1.00000000
2) Bonus issue from profit (share/10 shares): none
3) Bonus issue from capital reserve (share/10 shares): 10.0000
14. Amendments to the Company's articles of association, and mandate to the board to handle relevant formalities and to make text changes to the articles of association as necessary and appropriate according to requests by relevant regulators and exchange

Meeting attendees:
1. A-share holders registered at CSDCC Shenzhen after the close of trading on 18 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: 24 May 2012
Date: 2012-04-06
Title: AGM-SPOT
The Company will hold the 2011 Annual General Meeting at 09:00 on 25 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 comprehensive financial statements and auditor reports audited by domestic auditors
5. Reappointment of audit firm and mandate to the board to decide its audit fee
6. Appointment of Mr Guo Hongli as non-executive director and mandate to the board to decide his remuneration
7. Appointment of Mr John Paul Cameron as independent non-executive director and mandate to the board to decide his remuneration
8. Appointment of Ms Wang Chunhua as independent non-executive director and mandate to the board to decide her remuneration
9. Appointment of Mr Liu Huaiduo as supervisor and mandate to the board to decide his remuneration
10. Appointment of Mr Zhang Jiuli as supervisor and mandate to the board to decide his remuneration
11. Appointment of Mr Fan Renyi as supervisor and mandate to the board to decide his remuneration
12. 2012 application for comprehensive credit line to domestic banks and mandate to any executive director to sign all credit agreements, financing agreements and relevant documents, to amend the aforesaid documents as appropriate and to take all actions under this proposal as appropriate
13. 2011 profit distribution plan
14. Amendments to the Company's articles of association, and mandate to the board to handle relevant formalities and to make text changes to the articles of association as necessary and appropriate according to requests by relevant regulators and exchange
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): 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 18 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: 24 May 2012
Date: 2012-03-30
Title: FINAL DIVIDEND
The Company issued its 2011 annual report on 30 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):none
3. Bonus issue from capital reserve (share/10 shares):10.0000.
Date: 2011-10-20
Title: RESTRICTED SHARE LISTING
The Company's 2,622,000 restricted A-shares will be listed on the Shenzhen Stock Exchange as of 21 October 2011.
Date: 2011-03-30
Title: FINAL DIVIDEND
THE CO ISSUED ITS 2010 ANNUAL REPORT ON 30MAR11.

THE PROFIT DISTRIBUTION PROPOSAL FOR 2010:
1. CASH DIVIDEND/10 SHARES (TAX INCLUDED): CNY1.5000
2. BONUS ISSUE FROM PROFIT (SHARE/10 SHARES):NONE
3. BONUS ISSUE FROM CAPITAL RESERVE (SHARE/10 SHARES):NONE
Date: 2011-03-30
Title: AGM-SPOT
THE CO WILL HOLD THE 2010 AGM AT 09:00 ON 20MAY11.

MEETING AGENDA:
1. TERMINATION OF APPOINTMENT OF 2010 OVERSEAS AUDITOR
2. 2010 ANNUAL REPORT AND ITS SUMMARY
3. REPORT OF THE BOARD OF DIRECTORS ENDING ON DECEMBER 31, 2010
4. REPORT OF THE SUPERVISORY COMMITTEE ENDING ON DECEMBER 31, 2010
5. THE AUDIT REPORT ENDING ON DECEMBER 31, 2010
6. PROFIT DISTRIBUTION PLAN ENDING ON DECEMBER 31, 2010
7. CHANGE OF NON EXECUTIVE DIRECTORS
8. APPLICATION FOR 2011 COMPREHENSIVE CREDIT LINE TO BANKS
9. RE-APPOINTMENT OF AUDIT FIRM
THE DETAILED PROFIT DISTRIBUTION PLAN ARE AS FOLLOWS:
1) CASH DIVIDEND/10 SHARES (TAX INCLUDED): CNY1.5000
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 SZN AFTER THE CLOSE OF TRADING ON 13MAY11 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: 19MAY11
Date: 2011-01-19
Title: PLACING SHARE LISTING
THE CO'S 14 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 21JAN11.
Date: 2010-10-20
Title: IPO SHARE LISTING
THE CO ISSUED A TOTAL OF 70 MILLION SHARES (CODE:002490) IN ITS INITIAL PUBLIC OFFERING. OF THE SHARES,56 MILLION SHARES WILL BE LISTED ON THE SHENZHEN STOCK EXCHANGE ON 21OCT10 WHILE THE REMAINDER WILL BECOME TRADABLE THREE MONTHS LATER.