Titan Wind Energy (Suzhou) Co.,Ltd



Quote for Titan Wind Energy (Suzhou) Co.,Ltd

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Symbol/Code:
002531
Status:
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Stock Type:
A Share
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Currency in CNY Time=UTC+8002531 quote

Summary for Titan Wind Energy (Suzhou) Co.,Ltd

Titan Wind Energy (Suzhou) Co., Ltd. is principally engaged in the production and distribution of wind towers and wind tower parts and components. The Company primarily provides wind towers which are applied in air blowers with 1.5 megawatt (MW) power. The Company's wind towers primarily include land wind towers and ocean wind towers. The Company also offers wind tower doorframes, flanges, brackets and other related parts and components. As of December 31, 2010, the Company had two wholly-owned subsidiaries and two partially-owned subsidiaries.

Profile for Titan Wind Energy (Suzhou) Co.,Ltd

Full Name:Titan Wind Energy (Suzhou) Co.,Ltd
Full Name in Chinese:天顺风能(苏州)股份有限公司 Short Name in Chinese:天顺风能
Symbol/Stock Code:
002531
Listed in:
Shenzhen Stock Exchange
Issued Capital
-
Negotiable Capital:
-
Chairman:
Yan Junxu
Secretary of the Board:
Zheng Kangsheng
Phone:
+86-512-81607016
Fax:
+86-512-53598666
Official Website:www.titanmetal.com.cn
E-mail:public@titanmetal.com.cn
Address:No. 28 Ningbo East Road,Economic Development Zone,Taicang 215400
IPO Subscription Date:
2010-12-22
Listing Date:
2010-12-31
IPO Issued Capital:
52000000
IPO Price:
24.9 CNY
IPO fees:
67971400 CNY
Money Raised by IPO:
1294800000 CNY
IPO Par Value:
1.00 CNY
Net Money Raised:
1226828600 CNY
Open(Listing day):
25.71 CNY
Close(Listing day):
25.32 CNY
Diluted P/E ratio after IPO:
52.6200
Turnover rate(listing day):
52.92%

Financials for Titan Wind Energy (Suzhou) 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)
144.0105
105.1304
87.2372
97.369
Net Profit Growth(%)
87.96
20.51
-10.40
26.51
Return On Equity(ROE)(%)
8.24
6.37
5.50
35.88
Debt ratio(%)
29.25
29.00
20.00
52.89
Net Operating Cash Flow/Net Profit(%)
123.03
-137.89
136.69
152.36

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)
0.7000
0.5100
0.5700
0.6700
Diluted Earnings Per Share
0.0000
0.5000
0.5500
0.6800
Net Asset Value Per Share (NAVPS)
8.5000
8.0200
7.7100
1.7700
Additional Paid-In Capital Per Share
6.2492
6.2695
6.2695
0.7488
Retained Earnings Per Share
1.1469
0.6470
0.3848
0.0048
Net Cash Flow From Operatings Activities Per Share
0.8600
-0.7000
0.5800
0.9600
Net Cash Flow Per Share
-0.6345
-1.2004
6.2783
0.0277

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)
2470.9729
2346.8843
2004.5602
615.7446
Total Liabilities(Million)
722.8203
680.6227
400.9399
325.6681
Current Liabilities(Million)
722.8203
680.6227
380.9399
321.6681
Long Term Liabilities(Million)
-
-
-
-
Cash And Cash Equivalents(Million)
968.4768
1101.4528
1356.6481
92.5077
Accounts Receivables(Million)
382.4734
236.5155
116.0519
94.7587
Deposit Received(Million)
136.9658
64.9988
6.4851
8.7274
Other Receivables(Million)
4.3686
3.1322
3.0331
5.6721
Bad Debt Reserve(Million)
-
-
-
-
Shareholder's Equity/Owner's Equity(Million)
1748.1525
1649.4451
1585.4648
271.399
Debt ratio(%)
29.25
29.00
20.00
52.89
Equity Ratio(%)
70.7400
70.2800
79.0900
44.0700
Current Ratio
2.4775
2.8215
4.3626
0.9446
Quick Ratio
1.9619
2.2114
4.1126
0.6878

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)
1023.9684
914.3797
545.1632
478.9431
Net Cash Flow From Operatings Activities(Million)
177.1704
-144.9692
119.2431
148.3545
Net Cash Flow From Operatings Activities Change(%)
-199.53
-221.57
-19.62
-362.10
Net Cash Flow(Million)
-130.5527
-246.9742
1291.7669
4.2588
Cash From Selling Commodities/Prime Revenue(%)
97.52
97.09
107.20
103.57
Net Cash Flow/Net Profit(%)
-90.66
-234.92
1480.75
4.37
Cash Flow From Investing Activities(Million)
-307.3998
-40.9298
-102.6112
-136.1469
Cash Flow From Financing Activities(Million)
-0.7278
-62.1751
1276.9403
-8.878

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)
1049.9936
941.7922
508.5302
462.4492
Prime Operating Profit(Million)
-
-
-
-
Operating Costs(Million)
33.9142
22.7106
16.4041
6.5739
Administrative Costs(Million)
43.7878
31.0902
25.2671
22.6713
Financing Costs(Million)
-8.014
-15.2175
13.2467
6.9819
Above Three Costs Change(%)
128.72
-29.74
51.59
58.86
Operating Profit(Million)
173.085
117.1468
94.4845
104.7245
Income From Investment(Million)
-
-
-0.432
8.6977
Government Subsidies(Million)
-
-
-
-
Net Non-Operating Income And Expense(Million)
1.3097
1.868
3.1526
1.0374
Total Profit(Million)
174.3948
119.0148
97.6371
105.7619
Corporate Income Tax(Million)
30.3843
15.2234
10.9219
9.9653
Net Profit(Million)
144.0105
105.1304
87.2372
97.369
Gross Profit Ratio(%)
24.14
17.44
29.71
29.21
Operating Margin(%)
16.48
12.43
18.57
22.64
Return On Equity(ROE)(%)
8.24
6.37
5.50
35.88

Announcements for Titan Wind Energy (Suzhou) Co.,Ltd

Date: 2012-08-10
Title: EGM-SPOT
The Company will hold the 2nd Extraordinary General Meeting of 2012 at 09:30 on 31 August 2012.

Meeting agenda:
1. Amendments to the Company's articles of association


Meeting attendees:
1. A-share holders registered at CSDCC Shenzhen after the close of trading on 27 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: from 28 August 2012 to 29 August 2012
Date: 2012-05-31
Title: DIVIDEND IMPLEMENTATION (CASH ONLY)
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): none


Record date: 05 June 2012
Ex-date: 06 June 2012
Payment date: 06 June 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: 2012-05-17
Title: AGM RESOLUTION
The Company held its Annual General Meeting of 2011 on 16 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. Reappointment of 2012 audit firm
6. 2011 profit distribution plan
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): none.
Date: 2012-04-11
Title: FINAL DIVIDEND
The Company issued its 2011 annual report on 11 April 2012.

The profit distribution proposal for 2011:
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):none.
Date: 2012-04-11
Title: AGM-SPOT
The Company will hold the 2011 Annual General Meeting at 09:30 on 16 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. Reappointment of 2012 audit firm
6. 2011 profit distribution plan
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): none

Meeting attendees:
1. A-share holders registered at CSDCC Shenzhen after the close of trading on 09 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: EGM RESOLUTION
The Company held its 1st Extraordinary General Meeting of 2012 on 30 January 2012, during which the following proposal(s) was/were approved:
1. Change in the implementing body and location of project invested with partial raised funds
2. Set up a wholly-owned subsidiary in Taicang Port Economic Technology Development Zone
3. Amendments to external investment management measures.
Date: 2012-01-11
Title: EGM CHANGE
Further to our previous message on 10 January 2012 about the Company's 1st Extraordinary General Meeting of 2012, the Company announced on 11 January 2012 the following changes made with regard to the said meeting:

Change in relevant item(s):
1) Registration Date:20120119

Other information remains unchanged.
Date: 2012-01-10
Title: EGM-SPOT
The Company will hold the 1st Extraordinary General Meeting of 2012 at 09:30 on 30 January 2012.

Meeting agenda:
1. Change in the implementing body and location of project invested with partial raised funds
2. Set up a wholly-owned subsidiary in Taicang Port Economic Technology Development Zone
3. Amendments to external investment management measures

Meeting attendees:
1. A-share holders registered at CSDCC Shenzhen after the close of trading on 18 January 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: 18 January 2012
Date: 2011-12-29
Title: RESTRICTED SHARE LISTING
Among the Company's 9750000 restricted shares to be unlocked on 04 January 2012, 9750000 of them will be tradable on the Shenzhen Stock Exchange on that day.
Date: 2011-12-02
Title: EGM RESOLUTION
The Company held its 1st Extraordinary General Meeting of 2011 on 01 December 2011, during which the following proposal(s) was/were approved:
1. Amendments to the Company's articles of association.