Sichuan Renzhi Oilfield Technology Services Co.,Ltd.



Quote for Sichuan Renzhi Oilfield Technology Services Co.,Ltd.

Last Trade:
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Symbol/Code:
002629
Status:
-
Stock Type:
A Share
Market Cap:
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Currency in CNY Time=UTC+8002629 quote

Summary for Sichuan Renzhi Oilfield Technology Services Co.,Ltd.

Sichuan Renzhi Oilfield Technology Services Co.,Ltd. is principally engaged in the research, development, project design and provision of oil field technology services. The Company primarily provides drilling fluid technology services, including drilling fluid blending, as well as cycle operation and recycling; oil field environment protection technology services, including oily water environment protection treatment and abandoned drilling fluid environment protection treatment; oil field special equipment testing and repairing technology services, as well as antiseptic engineering technology services, among others. The Company is also involved in the research, development and production of oil field chemical additives. The Company mainly operates its business in Sichuan province, China.

Profile for Sichuan Renzhi Oilfield Technology Services Co.,Ltd.

Full Name:Sichuan Renzhi Oilfield Technology Services Co.,Ltd.
Full Name in Chinese:四川仁智油田技术服务股份有限公司 Short Name in Chinese:仁智油服
Symbol/Stock Code:
002629
Listed in:
Shenzhen Stock Exchange
Issued Capital
-
Negotiable Capital:
-
Chairman:
Qian Zhongliang
Secretary of the Board:
Feng Pin
Phone:
+86-816-2211551
Fax:
+86-816-2211551
Official Website:www.chinarenzhi.com
E-mail:bds@renzhi.cn
Address:No. 53,,West Section of Linyuan Road,MIANYANG SIC 621000
IPO Subscription Date:
2011-10-26
Listing Date:
2011-11-03
IPO Issued Capital:
28610000
IPO Price:
15 CNY
IPO fees:
43610100 CNY
Money Raised by IPO:
429150000 CNY
IPO Par Value:
1.00 CNY
Net Money Raised:
385539900 CNY
Open(Listing day):
23.00 CNY
Close(Listing day):
23.13 CNY
Diluted P/E ratio after IPO:
33.3300
Turnover rate(listing day):
89.91%

Financials for Sichuan Renzhi Oilfield Technology Services Co.,Ltd.

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)
44.819
72.3948
60.258
40.9585
Net Profit Growth(%)
18.87
20.14
47.11
21.00
Return On Equity(ROE)(%)
6.33
10.37
25.39
21.16
Debt ratio(%)
25.50
32.02
50.85
48.19
Net Operating Cash Flow/Net Profit(%)
-331.91
20.25
90.01
211.44

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)
0.3900
0.8000
0.7000
0.6200
Diluted Earnings Per Share
0.0000
0.7900
0.6000
0.5900
Net Asset Value Per Share (NAVPS)
6.1900
6.1000
2.7700
2.2600
Additional Paid-In Capital Per Share
3.3743
3.3743
0.3402
0.3402
Retained Earnings Per Share
1.5996
1.5279
1.2520
0.7964
Net Cash Flow From Operatings Activities Per Share
-1.3000
0.1300
0.6300
1.0100
Net Cash Flow Per Share
-2.1106
3.5452
0.1906
0.8581

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)
950.7754
1027.4228
482.5416
374.2379
Total Liabilities(Million)
242.5422
329.0158
245.3971
180.3734
Current Liabilities(Million)
242.5422
324.0158
240.3971
180.3734
Long Term Liabilities(Million)
-
-
-
-
Cash And Cash Equivalents(Million)
290.2559
531.772
126.0988
109.7381
Accounts Receivables(Million)
389.9598
303.0416
198.4885
149.3578
Deposit Received(Million)
25.1869
25.6347
13.1607
13.663
Other Receivables(Million)
12.0752
11.4122
8.8165
4.1388
Bad Debt Reserve(Million)
-
-
-
-
Shareholder's Equity/Owner's Equity(Million)
708.2331
698.1684
237.3341
193.6011
Debt ratio(%)
25.50
32.02
50.85
48.19
Equity Ratio(%)
74.4900
67.9500
49.1800
51.7300
Current Ratio
3.3789
2.8051
1.6105
1.6668
Quick Ratio
2.9946
2.6200
1.4359
1.4907

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)
365.5417
469.8614
428.1109
455.9755
Net Cash Flow From Operatings Activities(Million)
-148.7595
14.6609
54.241
86.6027
Net Cash Flow From Operatings Activities Change(%)
124.07
-72.97
-37.37
-583.76
Net Cash Flow(Million)
-241.516
405.6732
16.3606
73.6458
Cash From Selling Commodities/Prime Revenue(%)
95.14
90.59
99.48
123.82
Net Cash Flow/Net Profit(%)
-538.87
560.36
27.15
179.81
Cash Flow From Investing Activities(Million)
-32.4923
-41.7115
-17.1659
-3.1534
Cash Flow From Financing Activities(Million)
-60.2642
432.7238
-20.7145
-9.8035

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)
384.2189
518.654
430.3628
368.2641
Prime Operating Profit(Million)
-
-
-
-
Operating Costs(Million)
13.5479
26.4975
25.5822
28.4403
Administrative Costs(Million)
40.2928
45.012
31.0915
27.3023
Financing Costs(Million)
-3.5504
2.3827
1.0307
2.0497
Above Three Costs Change(%)
13.46
28.05
-0.15
28.40
Operating Profit(Million)
53.7156
86.4754
67.1539
42.4304
Income From Investment(Million)
-
-1.0765
3.7847
-1.8585
Government Subsidies(Million)
-
-
-
-
Net Non-Operating Income And Expense(Million)
0.5931
1.1132
1.8618
-0.7666
Total Profit(Million)
54.3088
87.5886
69.0156
41.6638
Corporate Income Tax(Million)
9.5764
14.7657
9.2106
0.892
Net Profit(Million)
44.819
72.3948
60.258
40.9585
Gross Profit Ratio(%)
28.09
32.48
29.48
28.92
Operating Margin(%)
13.98
16.67
15.60
11.52
Return On Equity(ROE)(%)
6.33
10.37
25.39
21.16

Announcements for Sichuan Renzhi Oilfield Technology Services Co.,Ltd.

Date: 2012-10-31
Title: RESTRICTED SHARE LISTING
Among the Company's 52337094 restricted shares to be unlocked on 05 November 2012, 51817250 of them will be tradable on the Shenzhen Stock Exchange on that day.
Date: 2012-08-09
Title: EGM RESOLUTION
The Company held its 1st Extraordinary General Meeting of 2012 on 08 August 2012, during which the following proposal(s) was/were approved:
1. Amendments to the Company's articles of association
2. Appointment of 2012 audit firm
3. Adjustment to implementation schedule of project invested with raised funds
4. Amendments to the Company's rules of procedures governing the general meeting of shareholders
5. Amendments to authorization management system
6. Amendments to external investment management system
Date: 2012-07-24
Title: EGM-SPOT
The Company will hold the 1st Extraordinary General Meeting of 2012 at 09:00 on 08 August 2012.

Meeting agenda:
1 Amendments to the Company's articles of association
2 Appointment of 2012 audit firm
3 Adjustment to implementation schedule of project invested with raised funds
4 Amendments to the Company's rules of procedures governing the general meeting of shareholders
5 Amendments to authorization management system
6 Amendments to external investment management system


Meeting attendees:
1. A-share holders registered at CSDCC Shenzhen after the close of trading on 03 August 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: 07 August 2012
Date: 2012-05-18
Title: DIVIDEND IMPLEMENTATION (CASH ONLY)
2011 final distribution plan to be implemented (A shares):

1. Cash dividend/10 shares (tax included): CNY3.20000000
2. Bonus issue from profit (share/10 shares): none
3. Bonus issue from capital reserve (share/10 shares): none


Record date: 24 May 2012
Ex-date: 25 May 2012
Payment date: 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: CNY0.32000000(10 percent x CNY3.20000000)
Net cash dividend/10 shares after tax: CNY2.88000000(CNY3.20000000- CNY0.32000000)
Date: 2012-05-15
Title: AGM RESOLUTION
The Company held its Annual General Meeting of 2011 on 13 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
3. 2011 work report of the supervisory committee
4. 2011 financial resolution report
5. 2012 financial budget report
6. 2011 profit distribution plan
7. 2011 internal control self-evaluation report
8. 2011 special report on the deposit and use of raised funds
9. 2012 remuneration for directors and supervisors
10. Change of business scope and amendments to the Company's articles of association
11. Formulation of implementation rules for accumulative voting system
The detailed profit distribution plan are as follows:
1) Cash dividend/10 shares (tax included): CNY3.20000000
2) Bonus issue from profit (share/10 shares): none
3) Bonus issue from capital reserve (share/10 shares): none.
Date: 2012-04-18
Title: FINAL DIVIDEND
The Company issued its 2011 annual report on 18 April 2012.

The profit distribution proposal for 2011:
1. Cash dividend/10 shares (tax included): CNY3.20000000
2. Bonus issue from profit (share/10 shares):none
3. Bonus issue from capital reserve (share/10 shares):none.
Date: 2012-04-18
Title: AGM-SPOT
The Company will hold the 2011 Annual General Meeting at 09:00 on 13 May 2012.

Meeting agenda:
1. 2011 annual report and its summary
2. 2011 work report of the board of directors
3. 2011 work report of the supervisory committee
4. 2011 financial resolution report
5. 2012 financial budget report
6. 2011 profit distribution plan
7. 2011 internal control self-evaluation report
8. 2011 special report on the deposit and use of raised funds
9. 2012 remuneration for directors and supervisors
10. Change of business scope and amendments to the Company's articles of association
11. Formulation of implementation rules for accumulative voting system
The detailed profit distribution plan are as follows:
1) Cash dividend/10 shares (tax included): CNY3.20000000
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 08 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: 11 May 2012
Date: 2012-01-31
Title: PLACING SHARE LISTING
The Company's 5.7 million A-shares placed to the institutional investors through offline placement will reach the 3-month lock-up period and be listed on the Shenzhen Stock Exchange as of 03 February 2012.
Date: 2011-11-02
Title: IPO SHARE LISTING
The Company issued a total of 28.61 million shares (code:002629) in its initial public offering. Of the shares,22.91 million shares will be listed on the Shenzhen Stock Exchange on 03 November 2011 while the remainder will become tradable three months later.
Date: 2011-10-25
Title: IPO-ONLINE SUBSCRIPTION
Sichuan Renzhi Oilfield Technology Services Co., Ltd. has been approved by the China Securities Regulatory Commission (the CSRC) to issue 28.610000 million A-shares in its initial public offering.
1. Class: A shares
2. Stock code: 002629
3. Stock abbreviation: Renzhi Oilfield
4. Issuing volume: 28.610000 million shares
5. Par value: CNY1.00 per share
6. Issuing mechanism: a book building process will be conducted with a combination of online public offering and offline placement.
7. Targeted listing bourse: Shenzhen Stock Exchange
8. Offline placement volume: 5.700000 million shares
9. Online offering volume: 22.910000 million shares
10. Price: CNY15.00 per share
11. Offline subscription period: 26 October 2011
12. Online subscription date: 26 October 2011.