Shenke Slide Bearing Corporation



Quote for Shenke Slide Bearing Corporation

Last Trade:
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Symbol/Code:
002633
Status:
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Stock Type:
A Share
Market Cap:
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Currency in CNY Time=UTC+8002633 quote

Summary for Shenke Slide Bearing Corporation

SHENKE SLIDE BEARING CORPORATION is a supplier of thick-walled sliding bearings and bearing kits for large- and medium-scale electric motors, large-scale mechanical equipment and power generation systems. The Company primarily provides DQY end bracket sliding bearing series, ZQ/ZQK seat type sliding bearing series, ZH static and dynamic sliding bearing series, VTBS step bearing series and bearing kits, among others. Its products are applied in industrial pumps, blowers, compressors, metal rollers, bearing cabinets, steam turbines, water turbines and power generators, among others.

Profile for Shenke Slide Bearing Corporation

Full Name:Shenke Slide Bearing Corporation
Full Name in Chinese:申科滑动轴承股份有限公司 Short Name in Chinese:申科股份
Symbol/Stock Code:
002633
Listed in:
Shenzhen Stock Exchange
Issued Capital
-
Negotiable Capital:
-
Chairman:
He Quanbo
Secretary of the Board:
Chen Jingyang
Phone:
+86-575-89005618
Fax:
+86-575-89005609
Official Website:www.shenke.com
E-mail:info@shenke.com
Address:No. 132 Wangyun Road, Taozhu Str,SHAOXING 311800
IPO Subscription Date:
2011-11-11
Listing Date:
2011-11-22
IPO Issued Capital:
25000000
IPO Price:
14 CNY
IPO fees:
35578200 CNY
Money Raised by IPO:
350000000 CNY
IPO Par Value:
1.00 CNY
Net Money Raised:
314421800 CNY
Open(Listing day):
18.10 CNY
Close(Listing day):
17.89 CNY
Diluted P/E ratio after IPO:
41.2400
Turnover rate(listing day):
79.61%

Financials for Shenke Slide Bearing Corporation

UPDATE:2012-10-22 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)
8.774
39.1782
38.1604
32.2168
Net Profit Growth(%)
-71.57
2.66
18.44
6.98
Return On Equity(ROE)(%)
1.55
6.77
16.98
17.35
Debt ratio(%)
38.90
37.50
63.30
66.91
Net Operating Cash Flow/Net Profit(%)
-709.85
42.47
114.65
219.50

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)
0.0600
0.5100
0.5100
0.4300
Diluted Earnings Per Share
0.0000
0.4400
0.4500
0.4000
Net Asset Value Per Share (NAVPS)
3.7800
5.7800
3.0000
2.4763
Additional Paid-In Capital Per Share
1.8843
3.3265
0.5763
0.5654
Retained Earnings Per Share
0.7926
1.3011
1.2610
0.7913
Net Cash Flow From Operatings Activities Per Share
-0.4200
0.1700
0.5800
0.9400
Net Cash Flow Per Share
-0.8192
2.5288
-0.1842
-0.1371

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)
928.7359
925.3928
612.3001
561.2767
Total Liabilities(Million)
361.3022
347.0975
387.6048
375.5578
Current Liabilities(Million)
357.6374
294.9491
207.5272
210.7184
Long Term Liabilities(Million)
-
-
-
-
Cash And Cash Equivalents(Million)
143.5274
274.3192
14.595
41.9591
Accounts Receivables(Million)
207.8704
126.536
86.576
72.0042
Deposit Received(Million)
3.1456
1.2125
4.6281
3.0961
Other Receivables(Million)
3.246
0.3822
1.986
2.28
Bad Debt Reserve(Million)
-
-
-
-
Shareholder's Equity/Owner's Equity(Million)
567.4337
578.2953
224.6953
185.7189
Debt ratio(%)
38.90
37.50
63.30
66.91
Equity Ratio(%)
61.0900
62.4900
36.6900
33.0800
Current Ratio
1.4741
1.7698
0.9649
1.1081
Quick Ratio
1.0803
1.4908
0.6660
0.8133

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)
160.5867
234.7912
215.0237
228.9325
Net Cash Flow From Operatings Activities(Million)
-62.2824
16.6399
43.7509
70.7167
Net Cash Flow From Operatings Activities Change(%)
-300.10
-61.97
-38.13
473.94
Net Cash Flow(Million)
-122.8873
252.8771
-13.8158
-10.2842
Cash From Selling Commodities/Prime Revenue(%)
83.94
95.26
103.40
127.73
Net Cash Flow/Net Profit(%)
-1400.58
645.45
-36.20
-31.92
Cash Flow From Investing Activities(Million)
-38.1514
-13.4311
-76.918
-126.5494
Cash Flow From Financing Activities(Million)
-22.4689
249.6945
19.4499
45.5625

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)
191.3184
246.4855
207.9499
179.2261
Prime Operating Profit(Million)
-
-
-
-
Operating Costs(Million)
8.6876
9.9662
9.097
9.3733
Administrative Costs(Million)
31.8104
28.2789
29.6418
27.5692
Financing Costs(Million)
7.436
16.9618
6.1477
5.595
Above Three Costs Change(%)
20.50
22.99
5.52
9.25
Operating Profit(Million)
9.1988
39.7118
39.7696
37.7231
Income From Investment(Million)
-
-
-
1.3596
Government Subsidies(Million)
-
-
-
-
Net Non-Operating Income And Expense(Million)
0.183
5.9415
4.7157
1.0743
Total Profit(Million)
9.3818
45.6533
44.4853
38.7974
Corporate Income Tax(Million)
0.6078
6.4751
6.3249
6.0638
Net Profit(Million)
8.774
39.1782
38.1604
32.2168
Gross Profit Ratio(%)
32.91
40.15
40.95
45.20
Operating Margin(%)
4.80
16.11
19.12
21.04
Return On Equity(ROE)(%)
1.55
6.77
16.98
17.35

Announcements for Shenke Slide Bearing Corporation

Date: 2012-10-26
Title: EGM RESOLUTION
The Company held its 3rd Extraordinary General Meeting of 2012 on 25 October 2012, during which the following proposal(s) was/were approved:
1. Application for credit line and loan to banks
2. The eligibility for corporate bonds issue
3. Scheme for corporate bonds issue
3.1. Issuing volume
3.2. Arrangement for placement to shareholders
3.3. Bond type and bond duration
3.4. Interest rate
3.5. Purpose of the raised funds
3.6. Issuance method
3.7. Issuance targets
3.8. Exchange to be listed in
3.9. Methods of principal and interest repayment
3.10. Guarantees
3.11. The valid period of the resolution
4. Mandate to the board to handle matters related to the corporate bond issue and listing
5. Guarantee measures on repaying the debt of the corporate bond issuance
6. Amendments to work system for independent directors
Date: 2012-10-23
Title: EGM REMINDER
The Company will hold the 3rd Extraordinary General Meeting of 2012 at 14:00 on 25 October 2012.

Meeting agenda:
1. Application for credit line and loan to banks
2. The eligibility for corporate bonds issue
3. Scheme for corporate bonds issue
3.1. Issuing volume
3.2. Arrangement for placement to shareholders
3.3. Bond type and bond duration
3.4. Interest rate
3.5. Purpose of the raised funds
3.6. Issuance method
3.7. Issuance targets
3.8. Exchange to be listed in
3.9. Methods of principal and interest repayment
3.10. Guarantees
3.11. The valid period of the resolution
4. Mandate to the board to handle matters related to the corporate bond issue and listing
5. Guarantee measures on repaying the debt of the corporate bond issuance
6. Amendments to work system for independent directors


Meeting attendees:
1. A-share holders registered at CSDCC Shenzhen after the close of trading on 22 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 24 October 2012 to 24 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: 25 October 2012
Voting code:362633
Voting abbreviation:Shenke 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 24 October 2012 to 25 October 2012.
Date: 2012-10-10
Title: EGM-ONLINE
The Company will hold the 3rd Extraordinary General Meeting of 2012 at 14:00 on 25 October 2012.

Meeting agenda:
1. Application for credit line and loan to banks
2. The eligibility for corporate bonds issue
3. Scheme for corporate bonds issue
3.1. Issuing volume
3.2. Arrangement for placement to shareholders
3.3. Bond type and bond duration
3.4. Interest rate
3.5. Purpose of the raised funds
3.6. Issuance method
3.7. Issuance targets
3.8. Exchange to be listed in
3.9. Methods of principal and interest repayment
3.10. Guarantees
3.11. The valid period of the resolution
4. Mandate to the board to handle matters related to the corporate bond issue and listing
5. Guarantee measures on repaying the debt of the corporate bond issuance
6. Amendments to work system for independent directors


Meeting attendees:
1. A-share holders registered at CSDCC Shenzhen after the close of trading on 22 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 24 October 2012 to 24 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: 25 October 2012
Voting code:362633
Voting abbreviation:Shenke 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 24 October 2012 to 25 October 2012.
Date: 2012-08-07
Title: EGM RESOLUTION
The Company held its 2nd Extraordinary General Meeting of 2012 on 06 August 2012, during which the following proposal(s) was/were approved:
1. Plan on the shareholders' return for the next three years from 2012 to 2014
2. Amendments to the Company's articles of association
Date: 2012-07-27
Title: EGM RESOLUTION
The Company held its 1st Extraordinary General Meeting of 2012 on 26 July 2012, during which the following proposal(s) was/were approved:
1 Change of business scope
2 Amendments to the Company's articles of association
Date: 2012-07-11
Title: EGM-SPOT
The Company will hold the 1st Extraordinary General Meeting of 2012 at 10:00 on 26 July 2012.

Meeting agenda:
1. Change of business scope
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 23 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: 25 July 2012
Date: 2012-05-18
Title: DIVIDEND IMPLEMENTATION (CASH AND BONUS ISSUE)
2011 final distribution plan to be implemented (A shares):

1. Cash dividend/10 shares (tax included): CNY2.00000000
2. Bonus issue from profit (share/10 shares): none
3. Bonus issue from capital reserve (share/10 shares): 5.0000


Record date: 24 May 2012
Ex-date: 25 May 2012
Payment date: 25 May 2012
Listing date of the bonus issues: 25 May 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: CNY0.20000000(10 percent x CNY2.00000000)
Net cash dividend/10 shares after tax: CNY1.80000000(CNY2.00000000- CNY0.20000000)
Date: 2012-05-09
Title: AGM RESOLUTION
The Company held its Annual General Meeting of 2011 on 08 May 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. Amendments to the Company's articles of association
7. Reappointment of 2012 audit firm
8. 2012 application for credit line and loans to banks
9. 2012 remuneration scheme for directors
10. 2012 remuneration scheme for supervisors
11. To continue to temporarily replenish working capital with partial idle raised funds
12. Amendments to the external investment management measures
13. Amendments to the work system for independent directors
14. Amendments to the external guarantee management system
15. Amendments to the connected transaction decision-making system
The detailed profit distribution plan are as follows:
1) Cash dividend/10 shares (tax included): CNY2.00000000
2) Bonus issue from profit (share/10 shares): none
3) Bonus issue from capital reserve (share/10 shares): 5.00.
Date: 2012-05-04
Title: AGM REMINDER
The Company will hold the 2011 Annual General Meeting at 14:00 on 08 May 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. Amendments to the Company's articles of association
7. Reappointment of 2012 audit firm
8. 2012 application for credit line and loans to banks
9. 2012 remuneration scheme for directors
10. 2012 remuneration scheme for supervisors
11. To continue to temporarily replenish working capital with partial idle raised funds
12. Amendments to the external investment management measures
13. Amendments to the work system for independent directors
14. Amendments to the external guarantee management system
15. Amendments to the connected transaction decision-making system
1) Cash dividend/10 shares (tax included): CNY2.00000000
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 03 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: 04 May 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: 08 May 2012
Voting code:362633
Voting abbreviation:Shenke 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 07 May 2012 to 08 May 2012.
Date: 2012-04-16
Title: AGM-ONLINE
The Company will hold the 2011 Annual General Meeting at 14:00 on 08 May 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. Amendments to the Company's articles of association
7. Reappointment of 2012 audit firm
8. 2012 application for credit line and loans to banks
9. 2012 remuneration scheme for directors
10. 2012 remuneration scheme for supervisors
11. To continue to temporarily replenish working capital with partial idle raised funds
12. Amendments to the external investment management measures
13. Amendments to the work system for independent directors
14. Amendments to the external guarantee management system
15. Amendments to the connected transaction decision-making system
The detailed profit distribution plan are as follows:
1) Cash dividend/10 shares (tax included): CNY2.00000000
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 03 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: 04 May 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: 08 May 2012
Voting code:362633
Voting abbreviation:Shenke 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 07 May 2012 to 08 May 2012.