Shanghai Challenge Textile Company Limited



Quote for Shanghai Challenge Textile Company Limited

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Symbol/Code:
002486
Status:
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Stock Type:
A Share
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Currency in CNY Time=UTC+8002486 quote

Summary for Shanghai Challenge Textile Company Limited

Shanghai Challenge Textile Co., Ltd is principally engaged in the weaving, dyeing and processing of knitted fabrics, as well as the production and distribution of apparels, accessories and specialty textile products. The Company primarily provides napping fabrics, weft knitting wool apparels, sports functional fabrics, napping apparels and sports functional apparels, among others. The Company also involves in the distribution of products under proprietary brands. The Company distributes its products in domestic and overseas markets.

Profile for Shanghai Challenge Textile Company Limited

Full Name:Shanghai Challenge Textile Company Limited
Full Name in Chinese:上海嘉麟杰纺织品股份有限公司 Short Name in Chinese:嘉 麟 杰
Symbol/Stock Code:
002486
Listed in:
Shenzhen Stock Exchange
Issued Capital
-
Negotiable Capital:
-
Chairman:
Huang Weiguo
Secretary of the Board:
Ling Yun
Phone:
+86-21-37330000*1130
Fax:
+86-21-57381910
Official Website:www.challenge-21c.com
E-mail:investor@challenge-21c.com
Address:No. 1918,Tinglin Town, Jinshan District,SHANGHAI SHA 201504
IPO Subscription Date:
2010-09-27
Listing Date:
2010-10-15
IPO Issued Capital:
52000000
IPO Price:
10.9 CNY
IPO fees:
33785000 CNY
Money Raised by IPO:
566800000 CNY
IPO Par Value:
1.00 CNY
Net Money Raised:
533015000 CNY
Open(Listing day):
15.50 CNY
Close(Listing day):
15.03 CNY
Diluted P/E ratio after IPO:
54.5000
Turnover rate(listing day):
79.27%

Financials for Shanghai Challenge Textile Company Limited

UPDATE:2012-10-24 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)
31.9237
73.489
61.5064
42.7976
Net Profit Growth(%)
-46.76
19.48
43.71
15.97
Return On Equity(ROE)(%)
3.36
7.79
6.83
14.00
Debt ratio(%)
15.19
17.98
15.20
41.61
Net Operating Cash Flow/Net Profit(%)
232.94
86.70
70.09
176.12

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)
0.1535
0.3500
0.3600
0.2700
Diluted Earnings Per Share
0.0000
0.3500
0.3700
0.2700
Net Asset Value Per Share (NAVPS)
4.5688
4.5400
4.3300
1.9600
Additional Paid-In Capital Per Share
2.6151
2.6151
2.6148
0.4029
Retained Earnings Per Share
0.8286
0.7951
0.6320
0.4862
Net Cash Flow From Operatings Activities Per Share
0.3575
0.3100
0.2100
0.4800
Net Cash Flow Per Share
-0.3167
-0.6113
2.0194
0.1007

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)
1121.5184
1155.1846
1067.418
529.3643
Total Liabilities(Million)
170.3713
207.7081
162.3262
220.3152
Current Liabilities(Million)
170.3713
207.7081
162.3262
149.8152
Long Term Liabilities(Million)
-
-
-
-
Cash And Cash Equivalents(Million)
304.9325
370.8102
497.9511
77.9215
Accounts Receivables(Million)
75.6289
55.3823
67.8446
63.104
Deposit Received(Million)
17.7264
26.5643
13.1673
0.3222
Other Receivables(Million)
9.5909
15.1759
11.2744
4.3686
Bad Debt Reserve(Million)
-
-
-
-
Shareholder's Equity/Owner's Equity(Million)
950.3024
943.3483
901.0645
305.6103
Debt ratio(%)
15.19
17.98
15.20
41.61
Equity Ratio(%)
84.7300
81.6600
84.4100
57.7300
Current Ratio
3.4769
3.3939
4.7653
1.6306
Quick Ratio
2.4115
2.2735
3.7485
1.0585

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)
638.9708
902.5553
712.7399
454.9681
Net Cash Flow From Operatings Activities(Million)
74.3643
63.7153
43.1072
75.3732
Net Cash Flow From Operatings Activities Change(%)
5.49
47.81
-42.81
13.83
Net Cash Flow(Million)
-65.8777
-127.1408
420.0295
15.709
Cash From Selling Commodities/Prime Revenue(%)
99.96
105.48
103.95
92.98
Net Cash Flow/Net Profit(%)
-206.36
-173.01
682.90
36.71
Cash Flow From Investing Activities(Million)
-81.0412
-183.5388
-60.4691
-34.7499
Cash Flow From Financing Activities(Million)
-58.4812
-15.8014
441.0892
-24.2521

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)
639.2001
855.6982
685.6876
489.3235
Prime Operating Profit(Million)
-
-
-
-
Operating Costs(Million)
58.864
63.3731
50.0375
26.4111
Administrative Costs(Million)
49.546
59.3756
38.2636
32.1031
Financing Costs(Million)
-0.317
-7.9998
12.721
10.6181
Above Three Costs Change(%)
32.22
13.59
46.13
19.49
Operating Profit(Million)
36.9227
85.9381
75.3939
48.4691
Income From Investment(Million)
-
-
-
-
Government Subsidies(Million)
-
-
-
-
Net Non-Operating Income And Expense(Million)
2.2119
1.7206
-0.948
0.1584
Total Profit(Million)
39.1346
87.6588
74.4459
48.6276
Corporate Income Tax(Million)
7.256
14.1697
12.3512
5.301
Net Profit(Million)
31.9237
73.489
61.5064
42.7976
Gross Profit Ratio(%)
22.90
23.50
25.89
24.33
Operating Margin(%)
5.77
10.04
10.99
9.90
Return On Equity(ROE)(%)
3.36
7.79
6.83
14.00

Announcements for Shanghai Challenge Textile Company Limited

Date: 2012-10-25
Title: EGM-ONLINE
The Company will hold the 3rd Extraordinary General Meeting of 2012 at 09:30 on 09 November 2012.

Meeting agenda:
1. Expansion of the Company's business scope and amendments to the Company's articles of association
2. To issue corporate bonds
2.1. Issuing volume
2.2. Bond duration
2.3. Interest rate and its determination method
2.4. Issuance method
2.5. Issuance targets
2.6. Arrangement for placement to shareholders
2.7. Purpose of the raised funds
2.8. Listing of the bonds to be issued
2.9. Matters regarding mandate to the board
2.10. The valid period of the resolution


Meeting attendees:
1. A-share holders registered at CSDCC Shenzhen after the close of trading on 05 November 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 November 2012 to 08 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: 09 November 2012
Voting code:362486
Voting abbreviation:Challenge 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 November 2012 to 09 November 2012.
Date: 2012-07-19
Title: EGM-SPOT
The Company will hold the 2nd Extraordinary General Meeting of 2012 at 09:30 on 03 August 2012.

Meeting agenda:
1. Amendments to the Company's articles of association
2. Investment in construction of a research and development base

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: 02 August 2012
Date: 2012-06-13
Title: EGM REMINDER
The Company will hold the 1st Extraordinary General Meeting of 2012 at 09:30 on 15 June 2012.

Meeting agenda:
1. Election of Chuanxi Qiansan as director
2. Plan to permanently replenish working capital with remaining over-raised funds

Meeting attendees:
1.A-share holders registered at CSDCC Shenzhen after the close of trading on 11 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: 14 June 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: 15 June 2012
Voting code:362486
Voting abbreviation:Challenge 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 14 June 2012 to 15 June 2012.
Date: 2012-05-31
Title: EGM-ONLINE
The Company will hold the 1st Extraordinary General Meeting of 2012 at 09:30 on 15 June 2012.

Meeting agenda:
1. Election of Chuanxi Qiansan as director
2. Plan to permanently replenish working capital with remaining over-raised funds

Meeting attendees:
1.A-share holders registered at CSDCC Shenzhen after the close of trading on 11 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: 14 June 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: 15 June 2012
Voting code:362486
Voting abbreviation:Challenge 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 14 June 2012 to 15 June 2012.
Date: 2012-05-31
Title: DIVIDEND IMPLEMENTATION (CASH ONLY)
2011 final distribution plan to be implemented (A shares):

1. Cash dividend/10 shares (tax included): CNY1.20000000
2. Bonus issue from profit (share/10 shares): none
3. Bonus issue from capital reserve (share/10 shares): none


Record date: 05 June 2012
Ex-date: 06 June 2012
Payment date: 06 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: CNY0.12000000(10 percent x CNY1.20000000)
Net cash dividend/10 shares after tax: CNY1.08000000(CNY1.20000000- CNY0.12000000)
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 annual report and its summary
4. 2011 financial resolution report
5. 2011 profit distribution plan
6. 2012 financial budget report
7. 2011 internal control self-evaluation report
8. 2011 special report on the deposit and use of raised funds
9. 2012 continuing connected transactions with a company
10. Reappointment of audit firm
11. Comprehensive credit line applied to commercial banks
The detailed profit distribution plan are as follows:
1) Cash dividend/10 shares (tax included): CNY1.20000000
2) Bonus issue from profit (share/10 shares): none
3) Bonus issue from capital reserve (share/10 shares): none.
Date: 2012-03-28
Title: FINAL DIVIDEND
The Company issued its 2011 annual report on 28 March 2012.

The profit distribution proposal for 2011:
1. Cash dividend/10 shares (tax included): CNY1.20000000
2. Bonus issue from profit (share/10 shares):none
3. Bonus issue from capital reserve (share/10 shares):none.
Date: 2012-03-28
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 annual report and its summary
4. 2011 financial resolution report
5. 2011 profit distribution plan
6. 2012 financial budget report
7. 2011 internal control self-evaluation report
8. 2011 special report on the deposit and use of raised funds
9. 2012 continuing connected transactions with a company
10. Reappointment of audit firm
11. Comprehensive credit line applied to commercial banks
The detailed profit distribution plan are as follows:
1) Cash dividend/10 shares (tax included): CNY1.20000000
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 16 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: 17 April 2012
Date: 2011-10-12
Title: RESTRICTED SHARE LISTING
The Company's 82822500 restricted A-shares will be listed on the Shenzhen Stock Exchange as of 17 October 2011.
Date: 2011-06-02
Title: EGM RESOLUTION
THE CO HELD ITS 3RD EGM OF 2011 ON 01JUN11, DURING WHICH THE FOLLOWING PROPOSAL(S) WAS/WERE APPROVED:
1. PLAN TO INCREASE CAPITAL IN A COMPANY WITH CASH
2. REMUNERATION AND PERFORMANCE APPRAISAL SYSTEM FOR DIRECTORS, SUPERVISORS AND SENIOR MANAGEMENT