SuZhou ChunXing Precision Mechanical Co.,Ltd.



Quote for SuZhou ChunXing Precision Mechanical Co.,Ltd.

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Symbol/Code:
002547
Status:
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Stock Type:
A Share
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Currency in CNY Time=UTC+8002547 quote

Summary for SuZhou ChunXing Precision Mechanical Co.,Ltd.

SuZhou ChunXing Precision Mechanical CO.,LTD. is principally engaged in the manufacturing of precise aluminum alloy structures and the provision of related services. The Company primarily provides filter structures, radiator structures, duplexer structures and power amplification structures, applied in communication equipment, as well as cooling system structures, micro motor structures, vibration reduction structures, applied in automobile parts and components. The Company's major clients are communication equipment manufacturers and automobile parts and components manufacturers. The Company distributes its products within domestic markets and to overseas markets.

Profile for SuZhou ChunXing Precision Mechanical Co.,Ltd.

Full Name:SuZhou ChunXing Precision Mechanical Co.,Ltd.
Full Name in Chinese:苏州春兴精工股份有限公司 Short Name in Chinese:春兴精工
Symbol/Stock Code:
002547
Listed in:
Shenzhen Stock Exchange
Issued Capital
-
Negotiable Capital:
-
Chairman:
Sun Jiexiao
Secretary of the Board:
Xu Suyun
Phone:
+86-512-62625319
Fax:
+86-512-62625319
Official Website:www.chunxing-group.com
E-mail:cxjg@chunxing-group.com
Address:No. 120,Weiting Town, Industrial Park,SUZHOU JNG 215121
IPO Subscription Date:
2011-02-09
Listing Date:
2011-02-18
IPO Issued Capital:
36000000
IPO Price:
16 CNY
IPO fees:
50240000 CNY
Money Raised by IPO:
576000000 CNY
IPO Par Value:
1.00 CNY
Net Money Raised:
525760000 CNY
Open(Listing day):
23.00 CNY
Close(Listing day):
22.01 CNY
Diluted P/E ratio after IPO:
34.0400
Turnover rate(listing day):
80.38%

Financials for SuZhou ChunXing Precision Mechanical 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)
10.327
46.3959
66.2289
55.7048
Net Profit Growth(%)
-76.73
-29.94
18.89
42.86
Return On Equity(ROE)(%)
1.17
5.29
21.71
23.31
Debt ratio(%)
43.55
36.49
59.44
44.88
Net Operating Cash Flow/Net Profit(%)
1284.98
-416.01
68.43
141.05

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)
0.0500
0.3400
0.6200
0.5500
Diluted Earnings Per Share
0.0000
0.3100
0.6400
0.4400
Net Asset Value Per Share (NAVPS)
3.1200
6.1700
2.8800
2.2543
Additional Paid-In Capital Per Share
1.3626
3.7252
0.3700
0.3700
Retained Earnings Per Share
0.7434
1.4140
1.4919
0.8719
Net Cash Flow From Operatings Activities Per Share
0.4700
-1.3600
0.4300
0.7400
Net Cash Flow Per Share
-0.2499
0.6506
0.2288
-0.2017

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)
1570.2569
1381.0559
752.1007
433.5599
Total Liabilities(Million)
683.8911
503.9599
447.0627
194.6041
Current Liabilities(Million)
683.1864
503.9553
446.8283
192.4752
Long Term Liabilities(Million)
-
-
-
-
Cash And Cash Equivalents(Million)
104.1464
175.1251
82.7359
58.4854
Accounts Receivables(Million)
417.6519
274.8017
180.238
115.1735
Deposit Received(Million)
2.9304
1.8172
4.2992
0.2533
Other Receivables(Million)
9.2745
5.5806
5.7132
4.3185
Bad Debt Reserve(Million)
-
-
-
-
Shareholder's Equity/Owner's Equity(Million)
886.3666
876.4967
305.038
238.9558
Debt ratio(%)
43.55
36.49
59.44
44.88
Equity Ratio(%)
56.4400
63.4600
40.5500
55.1100
Current Ratio
1.3345
1.5399
0.9978
1.5370
Quick Ratio
0.9569
1.0883
0.7211
1.1489

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)
578.246
881.1525
539.2596
471.5903
Net Cash Flow From Operatings Activities(Million)
132.7003
-193.011
45.3212
78.5724
Net Cash Flow From Operatings Activities Change(%)
-162.02
-525.87
-42.32
124.74
Net Cash Flow(Million)
-70.9787
92.3892
24.2505
-21.38
Cash From Selling Commodities/Prime Revenue(%)
86.96
106.52
102.55
116.40
Net Cash Flow/Net Profit(%)
-687.31
199.13
36.62
-38.38
Cash Flow From Investing Activities(Million)
-101.8289
-319.661
-188.381
-92.082
Cash Flow From Financing Activities(Million)
-101.5776
609.0481
167.8043
-7.9736

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)
664.9774
827.218
525.8627
405.1312
Prime Operating Profit(Million)
-
-
-
-
Operating Costs(Million)
25.187
22.0809
14.9521
10.5571
Administrative Costs(Million)
40.7574
52.0995
22.2003
17.0689
Financing Costs(Million)
16.8047
30.2411
10.6353
3.4542
Above Three Costs Change(%)
10.81
118.51
53.76
-9.98
Operating Profit(Million)
15.5698
46.5824
75.9506
72.5936
Income From Investment(Million)
-
-
0.7786
4.0718
Government Subsidies(Million)
-
-
-
-
Net Non-Operating Income And Expense(Million)
1.6442
5.4457
0.3008
6.6587
Total Profit(Million)
17.214
52.0281
76.2515
79.2524
Corporate Income Tax(Million)
6.8859
5.6331
10.0226
9.5654
Net Profit(Million)
10.327
46.3959
66.2289
55.7048
Gross Profit Ratio(%)
15.82
19.16
24.76
24.07
Operating Margin(%)
2.34
5.63
14.44
17.91
Return On Equity(ROE)(%)
1.17
5.29
21.71
23.31

Announcements for SuZhou ChunXing Precision Mechanical Co.,Ltd.

Date: 2012-10-11
Title: EGM RESOLUTION
The Company held its 4th Extraordinary General Meeting of 2012 on 10 October 2012, during which the following proposal(s) was/were approved:
1. 2012 interim profit distribution plan: Cash dividend (tax included): CNY1.0000 per 10 shares
2. Bank credit guarantee for a company
3. Bank credit guarantee for another company
4. Bank credit guarantee for a third company
Date: 2012-08-09
Title: EGM RESOLUTION
The Company held its 3rd Extraordinary General Meeting of 2012 on 08 August 2012, during which the following proposal(s) was/were approved:
1. Change of partial contents of project invested with raised funds
2. Amendments to the Company's articles of association
3. Plan on the shareholders' return for the next three years from 2012 to 2014
4. Supplementary amendments to the Company's articles of association
Date: 2012-07-27
Title: EGM CHANGE
Further to our previous message on 17 July 2012 about the Company's 3rd Extraordinary General Meeting of 2012, the Company announced on 27 July 2012 the following changes made with regard to the said meeting:

Additional items to be discussed:
4 Supplementary amendments to the Company's articles of association

Other information remains unchanged.
All the proposals of the meeting are sequenced as follows:
1 Change of partial contents of project invested with raised funds
2 Amendments to the Company's articles of association
3 Plan on the shareholders' return for the next three years from 2012 to 2014
4 Supplementary amendments to the Company's articles of association
Date: 2012-07-17
Title: EGM-SPOT
The Company will hold the 3rd Extraordinary General Meeting of 2012 at 10:00 on 08 August 2012.

Meeting agenda:
1. Change of partial contents of project invested with raised funds
2. Amendments to the Company's articles of association
3. Plan on the shareholders' return for the next three years from 2012 to 2014

Meeting attendees:
1. A-share holders registered at CSDCC Shenzhen after the close of trading on 31 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: 03 August 2012
Date: 2012-06-15
Title: EGM-SPOT
The Company will hold the 2nd Extraordinary General Meeting of 2012 at 10:00 on 06 July 2012.

Meeting agenda:
1. Participation in issue of regional excellent SME collective notes
2. Authorization to the board to handle matters of issue of regional excellent SME collective notes
3. Adjustment to remuneration for directors and supervisors
4. Bank credit guarantee for a company
5. Bank credit guarantee for another company
6. Bank credit guarantee for a third company
7. Change of the Company's registered address and amendments to the Company's articles of association

Meeting attendees:
1. A-share holders registered at CSDCC Shenzhen after the close of trading on 28 June 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: 03 July 2012
Date: 2012-04-27
Title: BONUS ISSUE IMPLEMENTATION
2011 final distribution plan to be implemented (A shares):

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): 10.0000

Record date: 08 May 2012
Ex-date: 09 May 2012
Payment date: 09 May 2012
Listing date of the bonus issues: 09 May 2012.
Date: 2012-04-26
Title: AGM RESOLUTION
The Company held its Annual General Meeting of 2011 on 25 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. 2011 special report on the deposit and use of raised funds
7. Reappointment of audit firm
8. 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): 10.00.
Date: 2012-02-29
Title: EGM RESOLUTION
The Company held its 1st Extraordinary General Meeting of 2012 on 28 February 2012, during which the following proposal(s) was/were approved:
1. Reelection of non-independent directors including Sun Jiexiao, Huang Peicong, Cao Youqiang, Zheng Haiyan
2. Reelection of independent directors including Chen Yi, Zhou Zhongsheng
3. Reelection of supervisors including Zhao Zhongwu, Wu Yongzhong
4. The allowance for independent directors.
Date: 2012-02-15
Title: RESTRICTED SHARE LISTING
Among the Company's 19300000 restricted shares to be unlocked on 20 February 2012, 19300000 of them will be tradable on the Shenzhen Stock Exchange on that day.
Date: 2012-02-09
Title: EGM-SPOT
The Company will hold the 1st Extraordinary General Meeting of 2012 at 09:30 on 28 February 2012.

Meeting agenda:
1. Reelection of non-independent directors including Sun Jiexiao, Huang Peicong, Cao Youqiang, Zheng Haiyan
2. Reelection of independent directors including Chen Yi, Zhou Zhongsheng
3. Reelection of supervisors including Zhao Zhongwu, Wu Yongzhong
4. The allowance for independent directors

Meeting attendees:
1. A-share holders registered at CSDCC Shenzhen after the close of trading on 21 February 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: 23 February 2012