Sichuan Tianqi Lithium Industries, Inc.



Quote for Sichuan Tianqi Lithium Industries, Inc.

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Symbol/Code:
002466
Status:
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Stock Type:
A Share
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Currency in CNY Time=UTC+8002466 quote

Summary for Sichuan Tianqi Lithium Industries, Inc.

Sichuan Tianqi Lithium Industries, Inc. is principally engaged in the research, development, production and distribution of lithium products. The Company primarily provides industrial grade lithium carbonate, battery grade lithium carbonate and derived lithium products, among others. The Company's lithium products are mainly used in metallurgy, electronics, glass and ceramics, battery, rubber, medical treatment and other industries. The Company distributes its products in domestic and overseas markets.

Profile for Sichuan Tianqi Lithium Industries, Inc.

Full Name:Sichuan Tianqi Lithium Industries, Inc.
Full Name in Chinese:四川天齐锂业股份有限公司 Short Name in Chinese:天齐锂业
Symbol/Stock Code:
002466
Listed in:
Shenzhen Stock Exchange
Issued Capital
-
Negotiable Capital:
-
Chairman:
Jiang Weiping
Secretary of the Board:
Li Bo
Phone:
+86-825-6691338
Fax:
+86-825-6691338
Official Website:www.likunda-china.com
E-mail:likunda@tqmmm.com.cn
Address:North of Taihe Town, Shehong Cou,North of Taihe Town, Shehong Cou,SUINING SIC 629200
IPO Subscription Date:
2010-08-18
Listing Date:
2010-08-31
IPO Issued Capital:
24500000
IPO Price:
30 CNY
IPO fees:
57433300 CNY
Money Raised by IPO:
735000000 CNY
IPO Par Value:
1.00 CNY
Net Money Raised:
677566700 CNY
Open(Listing day):
76.00 CNY
Close(Listing day):
83.05 CNY
Diluted P/E ratio after IPO:
90.3600
Turnover rate(listing day):
86.31%

Financials for Sichuan Tianqi Lithium Industries, Inc.

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)
37.9103
40.226
38.8841
36.4699
Net Profit Growth(%)
17.55
3.45
6.61
-16.98
Return On Equity(ROE)(%)
3.76
4.09
4.08
15.36
Debt ratio(%)
15.34
12.33
9.12
38.85
Net Operating Cash Flow/Net Profit(%)
0.21
23.40
-67.60
73.50

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)
0.2600
0.2700
0.3200
0.5000
Diluted Earnings Per Share
0.0000
0.2300
0.2700
0.4400
Net Asset Value Per Share (NAVPS)
6.8500
6.7000
9.7300
3.2300
Additional Paid-In Capital Per Share
4.9171
4.9171
7.8756
1.6156
Retained Earnings Per Share
0.8311
0.6732
0.7387
0.5020
Net Cash Flow From Operatings Activities Per Share
0.0005
0.0600
-0.2700
0.3600
Net Cash Flow Per Share
-1.0907
-1.2457
4.9347
-0.1346

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)
1190.094
1122.7437
1049.6139
388.1776
Total Liabilities(Million)
182.6435
138.5035
95.7997
150.8143
Current Liabilities(Million)
157.2578
112.8285
55.9947
79.4043
Long Term Liabilities(Million)
-
-
-
-
Cash And Cash Equivalents(Million)
187.0409
377.3336
529.9556
45.3495
Accounts Receivables(Million)
32.2584
26.9075
16.7072
5.3254
Deposit Received(Million)
10.0702
10.2277
7.563
2.229
Other Receivables(Million)
2.1699
1.5207
2.4596
1.243
Bad Debt Reserve(Million)
-
-
-
-
Shareholder's Equity/Owner's Equity(Million)
1007.4505
984.2402
953.8143
237.3634
Debt ratio(%)
15.34
12.33
9.12
38.85
Equity Ratio(%)
84.6500
87.6600
90.8700
61.1400
Current Ratio
3.3045
6.1910
13.8548
2.5059
Quick Ratio
2.0325
4.5626
11.2836
1.4854

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)
229.8923
345.0679
202.9938
257.7445
Net Cash Flow From Operatings Activities(Million)
0.079
9.4117
-26.2844
26.8049
Net Cash Flow From Operatings Activities Change(%)
-100.61
-135.81
-198.06
304.56
Net Cash Flow(Million)
-160.3277
-183.1221
483.6013
-9.8934
Cash From Selling Commodities/Prime Revenue(%)
74.92
85.68
68.98
84.47
Net Cash Flow/Net Profit(%)
-422.91
-455.23
1243.70
-27.13
Cash Flow From Investing Activities(Million)
-194.7408
-164.4088
-65.902
-30.7894
Cash Flow From Financing Activities(Million)
34.3342
-27.3053
576.0343
-5.6797

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)
306.8484
402.7332
294.2638
305.132
Prime Operating Profit(Million)
-
-
-
-
Operating Costs(Million)
7.4187
10.6674
7.6235
7.3496
Administrative Costs(Million)
19.3037
20.0498
13.9008
9.2456
Financing Costs(Million)
-1.7053
-6.1141
0.8671
4.4723
Above Three Costs Change(%)
59.47
9.88
6.28
5.89
Operating Profit(Million)
37.3886
40.5282
40.4757
38.7236
Income From Investment(Million)
0.2855
0.3086
0.009
-
Government Subsidies(Million)
-
-
-
-
Net Non-Operating Income And Expense(Million)
7.2922
7.9099
6.9892
4.235
Total Profit(Million)
44.6808
48.4381
47.4649
42.9586
Corporate Income Tax(Million)
6.7705
8.2121
8.5808
6.4791
Net Profit(Million)
37.9103
40.226
38.8841
36.4699
Gross Profit Ratio(%)
20.78
16.52
21.87
20.00
Operating Margin(%)
12.18
10.06
13.75
12.69
Return On Equity(ROE)(%)
3.76
4.09
4.08
15.36

Announcements for Sichuan Tianqi Lithium Industries, Inc.

Date: 2012-07-31
Title: EGM RESOLUTION
The Company held its 1st Extraordinary General Meeting of 2012 on 30 July 2012, during which the following proposal(s) was/were approved:
1. Merger and absorption of a wholly-owned subsidiary
2. Amendments to the Company's articles of association
3. Formulation of allowance management system for directors and supervisors
4. 2012 allowance plan for directors and supervisors
5. Partial change of projects invested with raised funds
6. By-election of supervisors
Date: 2012-05-09
Title: DIVIDEND IMPLEMENTATION (CASH ONLY)
2011 final distribution plan to be implemented (A shares):

1. Cash dividend/10 shares (tax included): CNY1.00000000
2. Bonus issue from profit (share/10 shares): none
3. Bonus issue from capital reserve (share/10 shares): none


Record date: 14 May 2012
Ex-date: 15 May 2012
Payment date: 15 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: CNY0.10000000(10 percent x CNY1.00000000)
Net cash dividend/10 shares after tax: CNY0.90000000(CNY1.00000000- CNY0.10000000)
Date: 2012-04-18
Title: AGM RESOLUTION
The Company held its Annual General Meeting of 2011 on 17 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 financial resolution report
4. 2011 profit distribution plan
5. 2011 annual report and its summary
6. Special report on the deposit and use of raised funds in 2011
7. 2012 continuing connected transactions estimates
8. Reappointment of 2012 audit firm
9. By-election of independent directors
The detailed profit distribution plan are as follows:
1) Cash dividend/10 shares (tax included): CNY1.00000000
2) Bonus issue from profit (share/10 shares): none
3) Bonus issue from capital reserve (share/10 shares): none.
Date: 2012-03-26
Title: FINAL DIVIDEND
The Company issued its 2011 annual report on 26 March 2012.

The profit distribution proposal for 2011:
1. Cash dividend/10 shares (tax included): CNY1.00000000
2. Bonus issue from profit (share/10 shares):none
3. Bonus issue from capital reserve (share/10 shares):none.
Date: 2012-03-26
Title: AGM-SPOT
The Company will hold the 2011 Annual General Meeting at 10:00 on 17 April 2012.

Meeting agenda:
1. 2011 work report of the board of directors
2. 2011 work report of the supervisory committee
3. 2011 financial resolution report
4. 2011 profit distribution plan
5. 2011 annual report and its summary
6. Special report on the deposit and use of raised funds in 2011
7. 2012 continuing connected transactions estimates
8. Reappointment of 2012 audit firm
9. By-election of independent directors
The detailed profit distribution plan are as follows:
1) Cash dividend/10 shares (tax included): CNY1.00000000
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 12 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: 16 April 2012
Date: 2011-10-20
Title: EGM RESOLUTION
The Company held its 2nd Extraordinary General Meeting of 2011 on 19 October 2011, during which the following proposal(s) was/were approved:
1. Amendments to the Company's articles of association
2. By-election of non-independent directors including Wu Wei, Li Bo, Bai Shuping, Ge Wei
3. To demonstrate again and to continue implementing technology center expansion project.
Date: 2011-09-30
Title: EGM-SPOT
The Company will hold the 2nd Extraordinary General Meeting of 2011 at 09:30 on 19 October 2011.

Meeting agenda:
1. Amendments to the Company's articles of association
2. By-election of non-independent directors including Wu Wei, Li Bo, Bai Shuping, Ge Wei
3. To demonstrate again and to continue implementing technology center expansion project

Meeting attendees:
1. A-share holders registered at CSDCC Shenzhen after the close of trading on 14 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: 18 October 2011
Date: 2011-08-26
Title: RESTRICTED SHARE LISTING
The Company's 1845000 restricted A-shares will be listed on the Shenzhen Stock Exchange as of 31 August 2011.
Date: 2011-05-25
Title: EGM-SPOT
THE CO WILL HOLD THE 1ST EGM OF 2011 AT 09:30 ON 10JUN11.

MEETING AGENDA:
1. ESTABLISHMENT OF THE SYSTEM FOR APPOINTMENT OF AUDIT FIRM
2. CHANGE IN THE REGISTERED CAPITAL, AMENDMENTS TO THE ARTICLES OF ASSOCIATION AND MANDATE TO THE BOARD TO HANDLE THE CHANGES IN INDUSTRIAL AND COMMERCIAL REGISTRATION AND RELEVANT FILINGS

MEETING ATTENDEES:
1. A-SHARE HOLDERS REGISTERED AT CSDCC SZN AFTER THE CLOSE OF TRADING ON 07JUN11 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: 09JUN11
Date: 2011-05-18
Title: DIVIDEND IMPLEMENTATION (CASH AND BONUS ISSUE)
2010 FINAL DISTRIBUTION PLAN TO BE IMPLEMENTED (A SHARES):

1. CASH DIVIDEND/10 SHARES (TAX INCLUDED): CNY1.0000
2. BONUS ISSUE FROM PROFIT (SHARE/10 SHARES): NONE
3. BONUS ISSUE FROM CAPITAL RESERVE (SHARE/10 SHARES): 5.00


RECORD DATE: 23MAY11
EX-DATE: 24MAY11
PAYMENT DATE: 24MAY11
LISTING DATE OF THE BONUS ISSUES: 24MAY11
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: CNY 0.100000(10 PERCENT X CNY 1.000000)
NET CASH DIVIDEND/10 SHARES AFTER TAX: CNY 0.900000(CNY 1.000000- CNY0.100000)