Shanghai Morn Electric Equipment Co., Ltd



Quote for Shanghai Morn Electric Equipment Co., Ltd

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Symbol/Code:
002451
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A Share
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Currency in CNY Time=UTC+8002451 quote

Summary for Shanghai Morn Electric Equipment Co., Ltd

SHANGHAI MORN ELECTRIC EQUIPMENT CO., LTD is principally engaged in the research, development, production and distribution of electric wires and cables. The Company primarily provides special power cables and special electric devices, including ecological safety cables, frequency conversion cables, filtering and chemical resistance cables, encoder cables, heat resistance cables, metal flexible protection pillar device cables, as well as cold resistance cables, among others. Its products are applied in metallurgy, petrochemical, transportation, construction, electric power, manufacturing and energy, among others. The Company also provides metal materials. It distributes its products in domestic and overseas markets.

Profile for Shanghai Morn Electric Equipment Co., Ltd

Full Name:Shanghai Morn Electric Equipment Co., Ltd
Full Name in Chinese:上海摩恩电气股份有限公司 Short Name in Chinese:摩恩电气
Symbol/Stock Code:
002451
Listed in:
Shenzhen Stock Exchange
Issued Capital
-
Negotiable Capital:
-
Chairman:
Wen Zehong
Secretary of the Board:
Zhang Shuxiang
Phone:
+86-21-58974262-8855
Fax:
+86-21-58979068
Official Website:www.morncable.com
E-mail:investor@morncable.com
Address:No.5901 Longdong Avenue,Pudong New Area, SHA 201201
IPO Subscription Date:
2010-07-07
Listing Date:
2010-07-20
IPO Issued Capital:
36600000
IPO Price:
10 CNY
IPO fees:
27127900 CNY
Money Raised by IPO:
366000000 CNY
IPO Par Value:
1.00 CNY
Net Money Raised:
338872100 CNY
Open(Listing day):
16.01 CNY
Close(Listing day):
16.52 CNY
Diluted P/E ratio after IPO:
31.2500
Turnover rate(listing day):
86.25%

Financials for Shanghai Morn Electric Equipment 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)
7.3859
5.8175
30.5318
46.6474
Net Profit Growth(%)
28.98
-80.94
-34.54
-3.66
Return On Equity(ROE)(%)
1.16
0.93
4.92
19.03
Debt ratio(%)
41.67
32.52
22.24
39.32
Net Operating Cash Flow/Net Profit(%)
371.64
-930.90
-389.71
76.49

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)
0.0340
0.0400
0.2400
0.4200
Diluted Earnings Per Share
0.0000
0.0800
0.2400
0.4300
Net Asset Value Per Share (NAVPS)
2.8900
4.2700
4.2400
2.2300
Additional Paid-In Capital Per Share
1.3109
2.4551
2.4663
0.4757
Retained Earnings Per Share
0.5263
0.7390
0.7027
0.6856
Net Cash Flow From Operatings Activities Per Share
0.1250
-0.3700
-0.8100
0.3200
Net Cash Flow Per Share
0.4673
-0.5898
1.7025
0.0260

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)
1090.9994
926.707
798.7993
404.0054
Total Liabilities(Million)
454.6831
301.4313
177.6977
158.8768
Current Liabilities(Million)
350.1126
270.7596
134.611
116.4671
Long Term Liabilities(Million)
-
-
-
-
Cash And Cash Equivalents(Million)
357.7297
253.1612
339.7919
89.3325
Accounts Receivables(Million)
224.4769
267.0022
181.4669
129.2151
Deposit Received(Million)
7.7698
4.9921
5.5519
25.1989
Other Receivables(Million)
17.7138
18.1066
13.6772
4.514
Bad Debt Reserve(Million)
-
-
-
-
Shareholder's Equity/Owner's Equity(Million)
634.3051
625.2757
621.1016
245.1285
Debt ratio(%)
41.67
32.52
22.24
39.32
Equity Ratio(%)
58.1300
67.4700
77.7500
60.6700
Current Ratio
2.1766
2.6582
4.7989
2.2050
Quick Ratio
1.9193
2.3446
4.4219
2.0404

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)
323.4075
362.4663
260.0942
330.8845
Net Cash Flow From Operatings Activities(Million)
27.4495
-54.1553
-118.9865
35.681
Net Cash Flow From Operatings Activities Change(%)
-169.13
-54.49
-433.47
-31.54
Net Cash Flow(Million)
102.6234
-86.3463
249.2469
2.8497
Cash From Selling Commodities/Prime Revenue(%)
121.85
81.23
72.76
95.60
Net Cash Flow/Net Profit(%)
1389.44
-1484.24
816.35
6.11
Cash Flow From Investing Activities(Million)
-67.0878
-102.5068
-27.3482
-11.5815
Cash Flow From Financing Activities(Million)
142.2642
70.316
395.6561
-21.2487

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)
265.4054
446.2085
357.4505
346.0973
Prime Operating Profit(Million)
-
-
-
-
Operating Costs(Million)
16.7571
25.2803
25.516
31.92
Administrative Costs(Million)
20.5212
26.923
26.939
15.9956
Financing Costs(Million)
6.2279
4.2951
2.8
3.9945
Above Three Costs Change(%)
20.16
2.25
6.44
-12.56
Operating Profit(Million)
8.2183
3.952
33.1978
54.3971
Income From Investment(Million)
-0.1645
-8.5531
-1.2235
-0.7908
Government Subsidies(Million)
-
-
-
-
Net Non-Operating Income And Expense(Million)
0.3225
2.4125
2.1848
0.9194
Total Profit(Million)
8.5408
6.3645
35.3826
55.3165
Corporate Income Tax(Million)
1.1437
0.547
4.8509
8.6691
Net Profit(Million)
7.3859
5.8175
30.5318
46.6474
Gross Profit Ratio(%)
19.55
17.66
26.43
32.27
Operating Margin(%)
3.09
0.88
9.28
15.71
Return On Equity(ROE)(%)
1.16
0.93
4.92
19.03

Announcements for Shanghai Morn Electric Equipment Co., Ltd

Date: 2012-10-12
Title: EGM RESOLUTION
The Company held its 4th Extraordinary General Meeting of 2012 on 11 October 2012, during which the following proposal(s) was/were approved:
1. Continued use of partial idle raised funds to temporarily replenish working capital
Date: 2012-10-09
Title: EGM REMINDER
The Company will hold the 4th Extraordinary General Meeting of 2012 at 14:00 on 11 October 2012.

Meeting agenda:
1. Continued use of partial idle raised funds to temporarily replenish working capital


Meeting attendees:
1. A-share holders registered at CSDCC Shenzhen after the close of trading on 08 October 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 09 October 2012 to 10 October 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: 11 October 2012
Voting code:362451
Voting abbreviation:Morn Elcetric 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 10 October 2012 to 11 October 2012.
Date: 2012-08-29
Title: EGM RESOLUTION
The Company held its 3rd Extraordinary General Meeting of 2012 on 28 August 2012, during which the following proposal(s) was/were approved:
1. Amendments to the Company's articles of association
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): CNY0.00000000
2. Bonus issue from profit (share/10 shares):none
3. Bonus issue from capital reserve (share/10 shares):5.0000.
Date: 2012-04-26
Title: AGM-SPOT
The Company will hold the 2011 Annual General Meeting at 16:00 on 18 May 2012.

Meeting agenda:
1. 2011 work report of the board of directors
2. 2011 work report of the supervisory committee
3. 2011 profit distribution plan and bonus issue from capital reserve
4. 2011 financial resolution report and 2012 financial budget report
5. 2011 annual report and its summary
6. Reappointment of audit firm
7. Amendments to the Company's articles of association
The detailed profit distribution plan are as follows:
1) Cash dividend/10 shares (tax included): CNY0.00000000
2) Bonus issue from profit (share/10 shares): none
3) Bonus issue from capital reserve (share/10 shares): 5.0000

Meeting attendees:
1. A-share holders registered at CSDCC Shenzhen after the close of trading on 15 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: 17 May 2012
Date: 2012-03-13
Title: EGM RESOLUTION
The Company held its 2nd Extraordinary General Meeting of 2012 on 12 March 2012, during which the following proposal(s) was/were approved:
1. Continued use of partial idle raised funds to temporarily replenish working capital
2. Management system for online voting at shareholders' meeting.
Date: 2012-03-07
Title: EGM REMINDER
The Company will hold the 2nd Extraordinary General Meeting of 2012 at 14:00 on 12 March 2012.

Meeting agenda:
1. Continued use of partial idle raised funds to temporarily replenish working capital
2. Management system for online voting at shareholders' meeting

Meeting attendees:
1.A-share holders registered at CSDCC Shenzhen after the close of trading on 05 March 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: 09 March 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 March 2012
Voting code:362451
Voting abbreviation:Morn Elcetric 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 11 March 2012 to 12 March 2012.
Date: 2012-02-21
Title: EGM-ONLINE
The Company will hold the 2nd Extraordinary General Meeting of 2012 at 14:00 on 12 March 2012.

Meeting agenda:
1. Continued use of partial idle raised funds to temporarily replenish working capital
2. Management system for online voting at shareholders' meeting

Meeting attendees:
1.A-share holders registered at CSDCC Shenzhen after the close of trading on 05 March 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: 09 March 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 March 2012
Voting code:362451
Voting abbreviation:Morn Elcetric 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 March 2012 to 12 March 2012.
Date: 2012-01-06
Title: EGM RESOLUTION
The Company held its 1st Extraordinary General Meeting of 2012 on 05 January 2012, during which the following proposal(s) was/were approved:
1. Investment in setup of a company
2. Termination on investment in setup of another company.
Date: 2011-12-20
Title: EGM-SPOT
The Company will hold the 1st Extraordinary General Meeting of 2012 at 10:00 on 05 January 2012.

Meeting agenda:
1. Investment in setup of a company
2. Termination on investment in setup of another company

Meeting attendees:
1. A-share holders registered at CSDCC Shenzhen after the close of trading on 29 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: 04 January 2012