Wuhu Shunrong Auto Parts Co.,Ltd.



Quote for Wuhu Shunrong Auto Parts Co.,Ltd.

Last Trade:
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Symbol/Code:
002555
Status:
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Stock Type:
A Share
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Currency in CNY Time=UTC+8002555 quote

Summary for Wuhu Shunrong Auto Parts Co.,Ltd.

Wuhu Shunrong Auto Parts Co., Ltd. is principally engaged in the manufacturing and distribution of automobile parts and components. The Company is mainly involved in the research, development, production and distribution of multilayer automobile plastic fuel tanks. The Company's automobile plastic fuel tanks are integrations of fuel tank bodies, oil filling pipes, oil pipe joints, fuel tank covers, breather pipe joints and other auxiliary attachments, used for fuel storage, fuel oil output, steam management and oil level output, among others. The Company distributes products within domestic markets, with Eastern China as its major market.

Profile for Wuhu Shunrong Auto Parts Co.,Ltd.

Full Name:Wuhu Shunrong Auto Parts Co.,Ltd.
Full Name in Chinese:芜湖顺荣汽车部件股份有限公司 Short Name in Chinese:顺荣股份
Symbol/Stock Code:
002555
Listed in:
Shenzhen Stock Exchange
Issued Capital
-
Negotiable Capital:
-
Chairman:
Wu Weidong
Secretary of the Board:
Zhang Yun
Phone:
+86-553-6816767
Fax:
+86-553-6816767
Official Website:www.shunrong.cn
E-mail:dmb@shunrong.cn
Address:Nanling Industrial Park,Nanling Industrial Park,WUHU ANH 241300
IPO Subscription Date:
2011-02-21
Listing Date:
2011-03-02
IPO Issued Capital:
17000000
IPO Price:
35 CNY
IPO fees:
39383900 CNY
Money Raised by IPO:
595000000 CNY
IPO Par Value:
1.00 CNY
Net Money Raised:
555616100 CNY
Open(Listing day):
37.00 CNY
Close(Listing day):
36.88 CNY
Diluted P/E ratio after IPO:
49.9500
Turnover rate(listing day):
64.91%

Financials for Wuhu Shunrong Auto Parts Co.,Ltd.

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)
11.0257
40.692
49.2222
38.6621
Net Profit Growth(%)
-70.43
-17.32
27.31
76.49
Return On Equity(ROE)(%)
1.43
5.32
27.00
27.02
Debt ratio(%)
7.53
8.94
54.39
50.21
Net Operating Cash Flow/Net Profit(%)
137.77
94.84
66.78
78.92

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)
0.0820
0.3200
0.4900
0.7732
Diluted Earnings Per Share
0.0000
0.2100
0.4700
0.7353
Net Asset Value Per Share (NAVPS)
5.7600
5.7100
3.6500
2.8600
Additional Paid-In Capital Per Share
4.0847
4.0847
0.1747
0.3747
Retained Earnings Per Share
0.5539
0.5016
2.2224
1.3380
Net Cash Flow From Operatings Activities Per Share
0.1134
0.2900
0.6600
0.6100
Net Cash Flow Per Share
-0.2231
2.3613
-0.6570
0.7520

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)
835.1131
840.4082
399.7406
287.3766
Total Liabilities(Million)
62.9003
75.2011
217.4417
144.2998
Current Liabilities(Million)
62.9003
75.2011
217.4417
144.2998
Long Term Liabilities(Million)
-
-
-
-
Cash And Cash Equivalents(Million)
295.1678
325.0584
11.3445
45.375
Accounts Receivables(Million)
43.721
37.7428
49.877
41.0682
Deposit Received(Million)
-
0.0041
0.0811
0.0251
Other Receivables(Million)
5.1858
0.5346
0.3085
0.3799
Bad Debt Reserve(Million)
-
-
-
-
Shareholder's Equity/Owner's Equity(Million)
772.2128
765.2071
182.2989
143.0767
Debt ratio(%)
7.53
8.94
54.39
50.21
Equity Ratio(%)
92.4600
91.0500
45.6000
49.7800
Current Ratio
7.2881
6.3735
0.8309
1.0922
Quick Ratio
6.4245
5.6037
0.5916
0.8419

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)
259.0849
371.3497
371.8245
242.4083
Net Cash Flow From Operatings Activities(Million)
15.1896
38.5925
32.8715
30.5127
Net Cash Flow From Operatings Activities Change(%)
-67.79
17.40
7.73
-27.75
Net Cash Flow(Million)
-29.8906
316.4148
-32.8497
37.5995
Cash From Selling Commodities/Prime Revenue(%)
112.08
109.82
117.38
102.53
Net Cash Flow/Net Profit(%)
-271.10
777.58
-66.74
97.25
Cash Flow From Investing Activities(Million)
-42.4017
-126.6197
-148.9782
-17.7148
Cash Flow From Financing Activities(Million)
-2.6786
404.4952
83.2662
24.8016

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)
231.1597
338.1473
316.7579
236.4245
Prime Operating Profit(Million)
-
-
-
-
Operating Costs(Million)
14.6862
19.9196
12.0614
12.9924
Administrative Costs(Million)
24.8937
39.0272
26.6277
11.1873
Financing Costs(Million)
-2.9412
-4.9991
4.317
3.5338
Above Three Costs Change(%)
-4.35
25.44
55.18
-3.42
Operating Profit(Million)
11.589
31.3167
54.3536
43.1487
Income From Investment(Million)
-
-
-
0.1261
Government Subsidies(Million)
-
-
-
-
Net Non-Operating Income And Expense(Million)
1.2011
16.2044
2.8514
2.0503
Total Profit(Million)
12.7901
47.5211
57.205
45.199
Corporate Income Tax(Million)
1.7643
6.8291
7.9828
6.5369
Net Profit(Million)
11.0257
40.692
49.2222
38.6621
Gross Profit Ratio(%)
21.16
25.03
31.21
31.03
Operating Margin(%)
5.01
9.26
17.15
18.25
Return On Equity(ROE)(%)
1.43
5.32
27.00
27.02

Announcements for Wuhu Shunrong Auto Parts Co.,Ltd.

Date: 2012-08-24
Title: EGM RESOLUTION
The Company held its 3rd Extraordinary General Meeting of 2012 on 23 August 2012, during which the following proposal(s) was/were approved:
1. Dividend management system
2. Amendments to the Company's articles of association
3. Plan on the shareholders' return for the next three years from 2012 to 2014
Date: 2012-07-26
Title: EGM-ONLINE
The Company will hold the 3rd Extraordinary General Meeting of 2012 at 09:30 on 23 August 2012.

Meeting agenda:
1 Dividend management system
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 17 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: 20 August 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: 23 August 2012
Voting code:362555
Voting abbreviation:Shunrong 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 22 August 2012 to 23 August 2012.
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): CNY0.30000000
2. Bonus issue from profit (share/10 shares): none
3. Bonus issue from capital reserve (share/10 shares): none


Record date: 15 May 2012
Ex-date: 16 May 2012
Payment date: 16 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: CNY0.03000000(10 percent x CNY0.30000000)
Net cash dividend/10 shares after tax: CNY0.27000000(CNY0.30000000- CNY0.03000000)
Date: 2012-04-20
Title: AGM RESOLUTION
The Company held its Annual General Meeting of 2011 on 19 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 annual report and its summary
4. 2011 financial resolution report
5. 2011 profit distribution plan
6. Reappointment of audit firm
The detailed profit distribution plan are as follows:
1) Cash dividend/10 shares (tax included): CNY0.30000000
2) Bonus issue from profit (share/10 shares): none
3) Bonus issue from capital reserve (share/10 shares): none.
Date: 2012-03-30
Title: FINAL DIVIDEND
The Company issued its 2011 annual report on 30 March 2012.

The profit distribution proposal for 2011:
1. Cash dividend/10 shares (tax included): CNY0.30000000
2. Bonus issue from profit (share/10 shares):none
3. Bonus issue from capital reserve (share/10 shares):none.
Date: 2012-03-30
Title: AGM-SPOT
The Company will hold the 2011 Annual General Meeting at 09:00 on 19 April 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. Reappointment of audit firm
The detailed profit distribution plan are as follows:
1) Cash dividend/10 shares (tax included): CNY0.30000000
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 16 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: 18 April 2012
Date: 2012-03-29
Title: EGM RESOLUTION
The Company held its 2nd Extraordinary General Meeting of 2012 on 28 March 2012, during which the following proposal(s) was/were approved:
1. Setup of a wholly owned subsidiary in Shanghai with partial excessive raised funds and proprietary funds.
Date: 2012-02-09
Title: EGM RESOLUTION
The Company held its 1st Extraordinary General Meeting of 2012 on 08 February 2012, during which the following proposal(s) was/were approved:
1. To permanently replenish the working capital with partial excessive raised funds.
Date: 2012-01-17
Title: EGM-SPOT
The Company will hold the 1st Extraordinary General Meeting of 2012 at 10:00 on 08 February 2012.

Meeting agenda:
1. To permanently replenish the working capital with partial excessive raised funds

Meeting attendees:
1. A-share holders registered at CSDCC Shenzhen after the close of trading on 03 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: 06 February 2012
Date: 2011-12-01
Title: EGM RESOLUTION
The Company held its 3rd Extraordinary General Meeting of 2011 on 30 November 2011, during which the following proposal(s) was/were approved:
1. Use of partial excessive raised funds to newly construct a project
2. Setup of research and development center with partial excessive raised funds
3. Change of 2011 audit firm.