Shandong Qifeng Special Paper Co., Ltd.



Quote for Shandong Qifeng Special Paper Co., Ltd.

Last Trade:
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Symbol/Code:
002521
Status:
-
Stock Type:
A Share
Market Cap:
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Currency in CNY Time=UTC+8002521 quote

Summary for Shandong Qifeng Special Paper Co., Ltd.

SHANDONG QIFENG SPECIAL PAPER CO., LTD. is principally engaged in the research, development, production and distribution of decorative base paper products. The Company mainly provides plain color decorative base paper series, printable decorative base paper series, surface wear-resistant base paper series, balance base paper series, as well as wallpaper base paper series, among others. The Company is also involved in the distribution of plates. It distributes its products in both domestic and overseas markets.

Profile for Shandong Qifeng Special Paper Co., Ltd.

Full Name:Shandong Qifeng Special Paper Co., Ltd.
Full Name in Chinese:山东齐峰特种纸业股份有限公司 Short Name in Chinese:齐峰股份
Symbol/Stock Code:
002521
Listed in:
Shenzhen Stock Exchange
Issued Capital
-
Negotiable Capital:
-
Chairman:
Li Xuefeng
Secretary of the Board:
Sun Wenrong
Phone:
+86-533-7785585
Fax:
+86-533-7788998
Official Website:www.qifeng.cn
E-mail:qifengtezhi@163.com
Address:No. 22,No. 22, Zhutai Road, Zhutai To,ZIBO SDG 255432
IPO Subscription Date:
2010-12-01
Listing Date:
2010-12-10
IPO Issued Capital:
37000000
IPO Price:
41.5 CNY
IPO fees:
95580500 CNY
Money Raised by IPO:
1535500000 CNY
IPO Par Value:
1.00 CNY
Net Money Raised:
1439919500 CNY
Open(Listing day):
43.02 CNY
Close(Listing day):
43.18 CNY
Diluted P/E ratio after IPO:
53.2100
Turnover rate(listing day):
62.85%

Financials for Shandong Qifeng Special Paper Co., Ltd.

UPDATE:2012-10-21 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)
95.7259
78.1958
146.9787
118.7306
Net Profit Growth(%)
99.89
-46.79
23.79
82.84
Return On Equity(ROE)(%)
4.63
3.85
7.46
31.01
Debt ratio(%)
26.09
20.58
23.04
57.82
Net Operating Cash Flow/Net Profit(%)
-111.87
-191.21
138.39
134.24

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)
0.4600
0.3800
0.9500
1.0800
Diluted Earnings Per Share
0.0000
0.3600
0.9000
1.0500
Net Asset Value Per Share (NAVPS)
10.0300
9.8600
13.3800
3.4700
Additional Paid-In Capital Per Share
7.1328
7.1328
10.3859
1.1465
Retained Earnings Per Share
1.7463
1.5820
1.8779
1.2256
Net Cash Flow From Operatings Activities Per Share
-0.5200
-0.7300
1.3800
1.4500
Net Cash Flow Per Share
-0.7292
-2.4326
10.0628
0.2800

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)
2797.0271
2560.206
2559.8249
908.0444
Total Liabilities(Million)
729.8367
526.8965
589.9862
525.1039
Current Liabilities(Million)
727.0517
523.5565
485.9062
420.7106
Long Term Liabilities(Million)
-
-
-
-
Cash And Cash Equivalents(Million)
963.8908
1114.2225
1586.3598
107.2143
Accounts Receivables(Million)
246.4496
124.2357
102.7397
86.7633
Deposit Received(Million)
15.4421
17.4197
18.6655
50.4537
Other Receivables(Million)
1.1638
1.7169
0.9569
0.9666
Bad Debt Reserve(Million)
-
-
-
-
Shareholder's Equity/Owner's Equity(Million)
2067.1904
2033.3095
1969.8387
382.9405
Debt ratio(%)
26.09
20.58
23.04
57.82
Equity Ratio(%)
73.9000
79.4100
76.9500
42.1700
Current Ratio
2.8696
3.6711
4.2643
1.3449
Quick Ratio
2.3390
3.0754
3.7630
0.7417

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)
1200.9626
1684.8179
1556.1322
1346.2187
Net Cash Flow From Operatings Activities(Million)
-107.0862
-149.522
203.401
159.3816
Net Cash Flow From Operatings Activities Change(%)
-26.51
-173.51
27.62
261.89
Net Cash Flow(Million)
-150.3317
-501.4823
1481.7455
30.8646
Cash From Selling Commodities/Prime Revenue(%)
94.55
106.75
114.99
136.30
Net Cash Flow/Net Profit(%)
-157.04
-641.32
1008.14
26.00
Cash Flow From Investing Activities(Million)
-127.6211
-208.603
-187.137
-87.6894
Cash Flow From Financing Activities(Million)
85.2106
-142.6775
1465.7239
-40.501

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)
1270.2048
1578.3127
1353.2814
987.7219
Prime Operating Profit(Million)
-
-
-
-
Operating Costs(Million)
35.7835
50.2779
43.4097
40.1853
Administrative Costs(Million)
73.7876
91.5042
83.4982
58.6749
Financing Costs(Million)
4.6427
-11.6819
15.1483
17.6388
Above Three Costs Change(%)
33.42
-8.42
21.94
-8.50
Operating Profit(Million)
113.9365
86.8882
157.1806
137.6573
Income From Investment(Million)
-
-
-
-
Government Subsidies(Million)
-
-
-
-
Net Non-Operating Income And Expense(Million)
-0.273
1.9002
4.9329
3.925
Total Profit(Million)
113.6634
88.7884
162.1135
141.5823
Corporate Income Tax(Million)
17.9375
10.5926
15.1348
22.8517
Net Profit(Million)
95.7259
78.1958
146.9787
118.7306
Gross Profit Ratio(%)
18.35
14.09
22.45
26.38
Operating Margin(%)
8.96
5.50
11.61
13.93
Return On Equity(ROE)(%)
4.63
3.85
7.46
31.01

Announcements for Shandong Qifeng Special Paper Co., Ltd.

Date: 2012-09-13
Title: EGM RESOLUTION
The Company held its 1st Extraordinary General Meeting of 2012 on 12 September 2012, during which the following proposal(s) was/were approved:
1. To permanently replenish working capital with partial excessive raised funds
2. Application for the issuance of short-term financing bills for the purpose of reserves of raw materials
3. Amendments to the Company's articles of association
Date: 2012-08-28
Title: EGM-ONLINE
The Company will hold the 1st Extraordinary General Meeting of 2012 at 14:00 on 12 September 2012.

Meeting agenda:
1. To permanently replenish working capital with partial excessive raised funds
2. Application for the issuance of short-term financing bills for the purpose of reserves of raw materials
3. Amendments to the Company's articles of association


Meeting attendees:
1. A-share holders registered at CSDCC Shenzhen after the close of trading on 07 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 11 September 2012 to 11 September 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: 12 September 2012
Voting code:362521
Voting abbreviation:Qifeng 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 11 September 2012 to 12 September 2012.
Date: 2012-04-20
Title: DIVIDEND IMPLEMENTATION (CASH ONLY)
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): none


Record date: 25 April 2012
Ex-date: 26 April 2012
Payment date: 26 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: CNY0.30000000(10 percent x CNY3.00000000)
Net cash dividend/10 shares after tax: CNY2.70000000(CNY3.00000000- CNY0.30000000)
Date: 2012-04-19
Title: AGM RESOLUTION
The Company held its Annual General Meeting of 2011 on 18 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. 2011 report on the deposit and use of raised funds
7. 2011 remuneration appraisal scheme for directors, supervisors and senior management
8. Reappointment of audit firm
9. 2011 internal control self-evaluation report
10. Guarantee for a controlled subsidiary
11. Purchase of business land with partial excessive raised funds
12. Change of the implementation methods for some projects invested with raised funds
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): none.
Date: 2012-03-27
Title: FINAL DIVIDEND
The Company issued its 2011 annual report on 27 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):none.
Date: 2012-03-27
Title: AGM-SPOT
The Company will hold the 2011 Annual General Meeting at 09:30 on 18 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. 2011 report on the deposit and use of raised funds
7. 2011 remuneration appraisal scheme for directors, supervisors and senior management
8. Reappointment of audit firm
9. 2011 internal control self-evaluation report
10. Guarantee for a controlled subsidiary
11. Purchase of business land with partial excessive raised funds
12. Change of the implementation methods for some projects invested with raised funds
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): none

Meeting attendees:
1. A-share holders registered at CSDCC Shenzhen after the close of trading on 13 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: 14 April 2012
Date: 2011-12-08
Title: RESTRICTED SHARE LISTING
Among the Company's 84522550 restricted shares to be unlocked on 12 December 2011, 75941790 of them will be tradable on the Shenzhen Stock Exchange on that day.
Date: 2011-04-29
Title: DIVIDEND IMPLEMENTATION (CASH AND BONUS ISSUE)
2010 FINAL DISTRIBUTION PLAN TO BE IMPLEMENTED (A SHARES):

1. CASH DIVIDEND/10 SHARES (TAX INCLUDED): CNY1.0000
2. BONUS ISSUE FROM PROFIT (SHARE/10 SHARES): NONE
3. BONUS ISSUE FROM CAPITAL RESERVE (SHARE/10 SHARES): 4.00


RECORD DATE: 06MAY11
EX-DATE: 09MAY11
PAYMENT DATE: 09MAY11
LISTING DATE OF THE BONUS ISSUES: 09MAY11
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: CNY 0.100000(10 PERCENT X CNY 1.000000)
NET CASH DIVIDEND/10 SHARES AFTER TAX: CNY 0.900000(CNY 1.000000- CNY0.100000)
Date: 2011-04-19
Title: AGM RESOLUTION
THE CO HELD ITS 2010 AGM ON 18APR11, DURING WHICH THE FOLLOWING PROPOSAL(S) WAS/WERE APPROVED:
1. 2010 WORK REPORT OF THE BOARD OF DIRECTORS
2. 2010 WORK REPORT OF THE SUPERVISORY COMMITTEE
3. 2010 FINANCIAL RESOLUTION REPORT
4. 2010 ANNUAL REPORT AND ITS ABSTRACT
6. SPECIAL STATEMENT ON THE DEPOSIT AND USE OF FUNDS RAISED IN 2010
7. 2010 REMUNDERATION EVALUATION PLAN FOR DIRECTORS, SUPERVISORS AND SENIOR MANAGEMENT
8. RE-APPOINTMENT OF AUDIT FIRM
9. REPORT ON 2010 INNER CONTROL SELF ASSESSMENT
10. GUARANTEE FOR CONTROLLED SUBSIDIARIES IN 2011
11. USE OF EXCESS FUNDS RAISED TO CONSTRUCT A PROJECT
12. 2010 PROFIT DISTRIBUTION PLAN
1) CASH DIVIDEND/10 SHARES (TAX INCLUDED): CNY1.0000
2) BONUS ISSUE FROM PROFIT (SHARE/10 SHARES): NONE
3) BONUS ISSUE FROM CAPITAL RESERVE (SHARE/10 SHARES): 4.000
THE FOLLOWING PROPOSAL(S) WAS/WERE VETOED:
5. 2010 PROFIT DISTRIBUTION PLAN
1) CASH DIVIDEND/10 SHARES (TAX INCLUDED): CNY0.0000
2) BONUS ISSUE FROM PROFIT (SHARE/10 SHARES): NONE
3) BONUS ISSUE FROM CAPITAL RESERVE (SHARE/10 SHARES): 4.00
Date: 2011-04-08
Title: AGM CHANGE
FURTHER TO OUR PREVIOUS MSG ON 28MAR11 ABOUT THE CO'S AGM, THE CO ANNOUNCED ON 08APR11 THE FOLLOWING CHANGES MADE WITH REGARD TO THE SAID MEETING:

ADDITIONAL ITEMS TO BE DISCUSSED:
1. 2010 PROFIT DISTRIBUTION PLAN
1) CASH DIVIDEND/10 SHARES (TAX INCLUDED): CNY1.0000
2) BONUS ISSUE FROM PROFIT (SHARE/10 SHARES): NONE
3) BONUS ISSUE FROM CAPITAL RESERVE (SHARE/10 SHARES): 4.000

OTHER INFORMATION REMAINS UNCHANGED.