Shanghai Jialeng Songzhi Automobile Aircondition Co.,Ltd.



Quote for Shanghai Jialeng Songzhi Automobile Aircondition Co.,Ltd.

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Symbol/Code:
002454
Status:
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Stock Type:
A Share
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Currency in CNY Time=UTC+8002454 quote

Summary for Shanghai Jialeng Songzhi Automobile Aircondition Co.,Ltd.

SHANGHAI JIALENG SONGZHI AUTOMOBILE AIRCONDITION CO., LTD. is principally engaged in the research, development, manufacture and distribution of automobile air conditioners. The Company primarily provides automobile air conditioners, including air conditioners for large- and medium-sized buses, as well as air conditioners for passenger cars, and self - made semi-finished products. The Company is also engaged in the trading business. The Company provides its products under the brand named SONGZ. The Company distributes its products primarily in domestic markets and overseas markets.

Profile for Shanghai Jialeng Songzhi Automobile Aircondition Co.,Ltd.

Full Name:Shanghai Jialeng Songzhi Automobile Aircondition Co.,Ltd.
Full Name in Chinese:上海加冷松芝汽车空调股份有限公司 Short Name in Chinese:松芝股份
Symbol/Stock Code:
002454
Listed in:
Shenzhen Stock Exchange
Issued Capital
-
Negotiable Capital:
-
Chairman:
Chen Fuquan
Secretary of the Board:
Liu Xueliang
Phone:
+86-21-54429631
Fax:
+86-21-54429631
Official Website:www.shsongz.com.cn
E-mail:shstock@shsongz.com.cn
Address:No.4999 Huaning Road,Xinzhuang Industrial Park,SHANGHAI SHA 201108
IPO Subscription Date:
2010-07-07
Listing Date:
2010-07-20
IPO Issued Capital:
60000000
IPO Price:
18.2 CNY
IPO fees:
63729100 CNY
Money Raised by IPO:
1092000000 CNY
IPO Par Value:
1.00 CNY
Net Money Raised:
1028270900 CNY
Open(Listing day):
20.12 CNY
Close(Listing day):
22.35 CNY
Diluted P/E ratio after IPO:
30.1600
Turnover rate(listing day):
82.46%

Financials for Shanghai Jialeng Songzhi Automobile Aircondition Co.,Ltd.

UPDATE:2012-10-29 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)
141.0724
231.6491
228.7533
151.8
Net Profit Growth(%)
-26.82
1.26
50.69
30.80
Return On Equity(ROE)(%)
7.46
12.57
13.22
32.95
Debt ratio(%)
24.95
27.03
22.79
55.02
Net Operating Cash Flow/Net Profit(%)
99.55
10.30
20.58
93.58

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)
0.4522
0.7425
1.1159
0.8433
Diluted Earnings Per Share
0.0000
0.6762
1.0773
0.8046
Net Asset Value Per Share (NAVPS)
6.0600
5.9054
7.2118
2.5595
Additional Paid-In Capital Per Share
3.0001
3.0001
4.2001
0.1481
Retained Earnings Per Share
1.8316
1.6795
1.8152
1.2701
Net Cash Flow From Operatings Activities Per Share
0.4501
0.0765
0.1961
0.7892
Net Cash Flow Per Share
-0.4159
-0.2248
3.3001
0.1484

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)
2665.6486
2639.7725
2307.7834
1123.9357
Total Liabilities(Million)
665.2087
713.6272
526.1347
618.4548
Current Liabilities(Million)
586.1903
636.847
464.6758
569.8667
Long Term Liabilities(Million)
-
-
-
-
Cash And Cash Equivalents(Million)
794.8762
924.6511
921.302
129.2821
Accounts Receivables(Million)
573.7596
381.635
329.3289
351.0355
Deposit Received(Million)
3.4468
3.4277
6.3749
7.8446
Other Receivables(Million)
17.8651
5.8195
1.9198
5.5603
Bad Debt Reserve(Million)
-
-
-
-
Shareholder's Equity/Owner's Equity(Million)
1889.9452
1842.4728
1730.8236
460.7063
Debt ratio(%)
24.95
27.03
22.79
55.02
Equity Ratio(%)
70.9000
69.7900
74.9900
40.9900
Current Ratio
3.8627
3.5227
4.2828
1.5695
Quick Ratio
3.3580
3.0526
3.6504
1.2417

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)
934.0439
1199.6264
1065.2275
805.2981
Net Cash Flow From Operatings Activities(Million)
140.433
23.8686
47.0679
142.0602
Net Cash Flow From Operatings Activities Change(%)
167.75
-49.29
-66.87
-6.86
Net Cash Flow(Million)
-129.7748
-70.134
792.0199
26.7032
Cash From Selling Commodities/Prime Revenue(%)
85.28
78.09
81.85
87.51
Net Cash Flow/Net Profit(%)
-91.99
-30.28
346.23
17.59
Cash Flow From Investing Activities(Million)
-7.7417
-89.3331
-86.0073
-122.1551
Cash Flow From Financing Activities(Million)
-262.4957
-4.622
831.4759
6.7852

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)
1095.3143
1536.1309
1301.4375
920.254
Prime Operating Profit(Million)
-
-
-
-
Operating Costs(Million)
83.9835
131.2054
105.4216
82.3541
Administrative Costs(Million)
99.807
126.4434
95.6944
60.7967
Financing Costs(Million)
-12.7861
-16.8876
3.5619
9.5133
Above Three Costs Change(%)
32.32
17.63
34.07
11.96
Operating Profit(Million)
172.0552
267.852
285.2978
185.6695
Income From Investment(Million)
12.6244
14.639
21.3552
8.2951
Government Subsidies(Million)
-
-
-
-
Net Non-Operating Income And Expense(Million)
13.4711
27.6937
9.3011
6.6588
Total Profit(Million)
185.5263
295.5456
294.599
192.3283
Corporate Income Tax(Million)
33.0318
46.9428
47.7407
25.4421
Net Profit(Million)
141.0724
231.6491
228.7533
151.8
Gross Profit Ratio(%)
31.74
33.19
35.80
36.20
Operating Margin(%)
15.70
17.43
21.92
20.17
Return On Equity(ROE)(%)
7.46
12.57
13.22
32.95

Announcements for Shanghai Jialeng Songzhi Automobile Aircondition Co.,Ltd.

Date: 2012-06-18
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: 26 June 2012
Ex-date: 27 June 2012
Payment date: 27 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: 2012-05-04
Title: AGM RESOLUTION
The Company held its Annual General Meeting of 2011 on 03 May 2012, during which the following proposal(s) was/were approved:
1. 2011 annual report and its summary
2. 2011 work report of the board of directors and work report of independent directors
3. 2011 work report of the supervisory committee
4. 2011 financial resolution report
5. 2011 profit distribution plan
6. Repayment of bank loans with partial excessive raised funds
7. Reappointment of 2012 external audit firm
8. 2012 continuing connected transactions
9. 2012 credit contracts to be signed with commercial banks and mandate to the board to handle relevant matters
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: 2012-04-13
Title: FINAL DIVIDEND
The Company issued its 2011 annual report on 13 April 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: 2012-04-13
Title: AGM-SPOT
The Company will hold the 2011 Annual General Meeting at 10:00 on 03 May 2012.

Meeting agenda:
1. 2011 annual report and its summary
2. 2011 work report of the board of directors and work report of independent directors
3. 2011 work report of the supervisory committee
4. 2011 financial resolution report
5. 2011 profit distribution plan
6. Repayment of bank loans with partial excessive raised funds
7. Reappointment of 2012 external audit firm
8. 2012 continuing connected transactions
9. 2012 credit contracts to be signed with commercial banks and mandate to the board to handle relevant matters
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 26 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: 27 April 2012
Date: 2011-12-15
Title: EGM-SPOT
The Company will hold the 4th Extraordinary General Meeting of 2011 at 10:00 on 30 December 2011.

Meeting agenda:
1. 2011 additional continuing connected transaction quota
2. Amendments to the Company's articles of association

Meeting attendees:
1. A-share holders registered at CSDCC Shenzhen after the close of trading on 27 December 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: 28 December 2011
Date: 2011-11-16
Title: EGM RESOLUTION
The Company held its 3rd Extraordinary General Meeting of 2011 on 15 November 2011, during which the following proposal(s) was/were approved:
1. Amendments to the Company's articles of association.
Date: 2011-10-27
Title: EGM-SPOT
The Company will hold the 3rd Extraordinary General Meeting of 2011 at 10:00 on 15 November 2011.

Meeting agenda:
1. Amendments to the Company's articles of association

Meeting attendees:
1. A-share holders registered at CSDCC Shenzhen after the close of trading on 10 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: 11 November 2011
Date: 2011-10-19
Title: EGM RESOLUTION
The Company held its 2nd Extraordinary General Meeting of 2011 on 18 October 2011, during which the following proposal(s) was/were approved:
1. Termination of a project invested with raised funds.
Date: 2011-09-30
Title: EGM-SPOT
The Company will hold the 2nd Extraordinary General Meeting of 2011 at 10:00 on 18 October 2011.

Meeting agenda:
1.

Meeting attendees:
1. A-share holders registered at CSDCC Shenzhen after the close of trading on 13 October 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: 14 October 2011
Date: 2011-09-23
Title: EGM RESOLUTION
The Company held its 1st Extraordinary General Meeting of 2011 on 22 September 2011, during which the following proposal(s) was/were approved:
1. Capital expansion in a company with excessive raised funds
2. Capital expansion in another company with excessive raised funds
3. Capital expansion in a third company with excessive raised funds
4. Capital expansion in a fourth company with excessive raised funds
5. Change in the implementation body and location of a compressor project invested with raised funds
6. Change in the implementation body and location of a track transportation air conditioning project invested with raised funds.