Wuhu Yaxia Automobile Corporation.



Quote for Wuhu Yaxia Automobile Corporation.

Last Trade:
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Symbol/Code:
002607
Status:
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Stock Type:
A Share
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Currency in CNY Time=UTC+8002607 quote

Summary for Wuhu Yaxia Automobile Corporation.

Wuhu Yaxia Automobile Corporation is principally engaged in the distribution of passenger vehicles and the provision of integrated services. The Company's main businesses include the sale, maintenance, decoration and information consulting services of cars and their accessories, the distribution of used cars, the provision of insurance brokerage service and driver training service. The Company operates automobile sales, survey, spare parts and services (4S) shops. As of December 31, 2011, the Company owned 38 car 4S shops, three driving schools, one Insurance brokerage firm and one used car brokerage company in China. The Company mainly operates its businesses in Anhui province.

Profile for Wuhu Yaxia Automobile Corporation.

Full Name:Wuhu Yaxia Automobile Corporation.
Full Name in Chinese:芜湖亚夏汽车股份有限公司 Short Name in Chinese:亚夏汽车
Symbol/Stock Code:
002607
Listed in:
Shenzhen Stock Exchange
Issued Capital
-
Negotiable Capital:
-
Chairman:
Zhou Xiayun
Secretary of the Board:
Li Lin
Phone:
+86-553-2871309
Fax:
+86-553-2871309
Official Website:www.yaxia.net
E-mail:board@yaxia.com
Address:Huatang Village, Yijiang North,WUHU ANH 241000
IPO Subscription Date:
2011-07-29
Listing Date:
2011-08-10
IPO Issued Capital:
22000000
IPO Price:
22.35 CNY
IPO fees:
46153300 CNY
Money Raised by IPO:
491700000 CNY
IPO Par Value:
1.00 CNY
Net Money Raised:
445546700 CNY
Open(Listing day):
30.00 CNY
Close(Listing day):
32.18 CNY
Diluted P/E ratio after IPO:
26.6100
Turnover rate(listing day):
91.53%

Financials for Wuhu Yaxia Automobile Corporation.

UPDATE:2012-11-01 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)
65.9438
90.6222
75.5072
39.9635
Net Profit Growth(%)
-7.68
20.01
88.94
56.87
Return On Equity(ROE)(%)
7.85
11.32
28.53
19.76
Debt ratio(%)
60.28
51.85
74.49
71.62
Net Operating Cash Flow/Net Profit(%)
-245.52
-29.90
233.54
406.27

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)
0.3700
1.2400
1.1400
0.6100
Diluted Earnings Per Share
0.0000
1.2400
1.1200
0.5400
Net Asset Value Per Share (NAVPS)
4.7800
9.1000
4.0100
3.0650
Additional Paid-In Capital Per Share
2.1680
5.3359
0.6970
0.6954
Retained Earnings Per Share
1.4672
2.4850
2.0692
1.2482
Net Cash Flow From Operatings Activities Per Share
-0.9200
-0.3100
2.6700
2.4600
Net Cash Flow Per Share
-0.6049
1.8533
1.4807
1.7520

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)
2178.7568
1663.4882
1037.8648
734.5331
Total Liabilities(Million)
1313.4291
862.6043
773.1598
526.1454
Current Liabilities(Million)
1280.4041
825.6043
751.6598
526.1454
Long Term Liabilities(Million)
-
-
-
-
Cash And Cash Equivalents(Million)
386.9592
493.4167
330.3285
232.6011
Accounts Receivables(Million)
17.0871
9.4021
3.4194
4.0701
Deposit Received(Million)
61.5657
44.3888
45.3907
26.0996
Other Receivables(Million)
17.2973
12.231
10.0761
8.6001
Bad Debt Reserve(Million)
-
-
-
-
Shareholder's Equity/Owner's Equity(Million)
840.4277
800.884
264.7051
202.2874
Debt ratio(%)
60.28
51.85
74.49
71.62
Equity Ratio(%)
38.5700
48.1400
25.5000
27.5300
Current Ratio
1.0537
1.3794
0.9831
0.9238
Quick Ratio
0.5550
0.8698
0.7394
0.6323

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)
3509.5421
4213.8945
3538.0439
2597.7793
Net Cash Flow From Operatings Activities(Million)
-161.9081
-27.0944
176.3392
162.3604
Net Cash Flow From Operatings Activities Change(%)
31.95
-115.36
8.61
165.21
Net Cash Flow(Million)
-106.4575
163.0883
97.7273
115.6322
Cash From Selling Commodities/Prime Revenue(%)
118.90
117.78
116.41
117.38
Net Cash Flow/Net Profit(%)
-161.44
179.97
129.43
289.34
Cash Flow From Investing Activities(Million)
-377.1055
-265.3793
-93.0083
-53.885
Cash Flow From Financing Activities(Million)
407.6561
455.5619
14.3964
7.1568

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)
2951.7815
3577.8555
3039.1796
2213.0804
Prime Operating Profit(Million)
-
-
-
-
Operating Costs(Million)
75.3016
93.6246
67.0586
49.9549
Administrative Costs(Million)
39.5946
41.0178
25.5629
17.206
Financing Costs(Million)
22.2072
28.3774
21.924
16.7145
Above Three Costs Change(%)
19.06
42.32
36.57
32.90
Operating Profit(Million)
60.8762
125.9375
98.8582
47.7928
Income From Investment(Million)
0.0343
0.0005
-0.0017
0.0014
Government Subsidies(Million)
-
-
-
-
Net Non-Operating Income And Expense(Million)
29.1124
0.2419
2.2855
6.141
Total Profit(Million)
89.9886
126.1795
101.1437
53.9338
Corporate Income Tax(Million)
24.0448
35.5573
25.3958
14.3364
Net Profit(Million)
65.9438
90.6222
75.5072
39.9635
Gross Profit Ratio(%)
7.05
8.38
7.24
6.17
Operating Margin(%)
2.06
3.51
3.25
2.15
Return On Equity(ROE)(%)
7.85
11.32
28.53
19.76

Announcements for Wuhu Yaxia Automobile Corporation.

Date: 2012-08-21
Title: EGM RESOLUTION
The Company held its 2nd Extraordinary General Meeting of 2012 on 18 August 2012, during which the following proposal(s) was/were approved:
1. Formulation of shareholders' return plan for the next three years from 2012 to 2014
2. Amendments to the Company's articles of association
3. Amendments to management system on investment and financing
Date: 2012-08-08
Title: RESTRICTED SHARE LISTING
Among the Company's 35870000 restricted shares to be unlocked on 10 August 2012, 28550000 of them will be tradable on the Shenzhen Stock Exchange on that day.
Date: 2012-08-03
Title: EGM-SPOT
The Company will hold the 2nd Extraordinary General Meeting of 2012 at 09:30 on 18 August 2012.

Meeting agenda:
1. Formulation of shareholders' return plan for the next three years from 2012 to 2014
2. Amendments to the Company's articles of association
3. Amendments to management system on investment and financing


Meeting attendees:
1. A-share holders registered at CSDCC Shenzhen after the close of trading on 13 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: 15 August 2012
Date: 2012-05-22
Title: DIVIDEND IMPLEMENTATION (CASH AND BONUS ISSUE)
2011 final distribution plan to be implemented (A shares):

1. Cash dividend/10 shares (tax included): CNY3.00000000
2. Bonus issue from profit (share/10 shares): none
3. Bonus issue from capital reserve (share/10 shares): 10.0000


Record date: 28 May 2012
Ex-date: 29 May 2012
Payment date: 29 May 2012
Listing date of the bonus issues: 29 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: CNY0.30000000(10 percent x CNY3.00000000)
Net cash dividend/10 shares after tax: CNY2.70000000(CNY3.00000000- CNY0.30000000)
Date: 2012-05-08
Title: AGM RESOLUTION
The Company held its Annual General Meeting of 2011 on 07 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 financial resolution report
4. 2011 profit distribution plan
5. 2012 connected transactions estimate
6. Appointment of 2012 audit firm
7. Mutual guarantee quota among the Company and wholly owned subsidiaries
8. 2012 plan for investment and financing
9. 2012 remuneration scheme for independent directors and directors
10. 2012 remuneration scheme for supervisors
The detailed profit distribution plan are as follows:
1) Cash dividend/10 shares (tax included): CNY3.00000000
2) Bonus issue from profit (share/10 shares): none
3) Bonus issue from capital reserve (share/10 shares): 10.00.
Date: 2012-04-17
Title: FINAL DIVIDEND
The Company issued its 2011 annual report on 17 April 2012.

The profit distribution proposal for 2011:
1. Cash dividend/10 shares (tax included): CNY3.00000000
2. Bonus issue from profit (share/10 shares):none
3. Bonus issue from capital reserve (share/10 shares):10.0000.
Date: 2012-04-17
Title: AGM-SPOT
The Company will hold the 2011 Annual General Meeting at 09:30 on 07 May 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. 2012 connected transactions estimate
6. Appointment of 2012 audit firm
7. Mutual guarantee quota among the Company and wholly owned subsidiaries
8. 2012 plan for investment and financing
9. 2012 remuneration scheme for independent directors and directors
10. 2012 remuneration scheme for supervisors
The detailed profit distribution plan are as follows:
1) Cash dividend/10 shares (tax included): CNY3.00000000
2) Bonus issue from profit (share/10 shares): none
3) Bonus issue from capital reserve (share/10 shares): 10.0000

Meeting attendees:
1. A-share holders registered at CSDCC Shenzhen after the close of trading on 02 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: 05 May 2012
Date: 2012-04-13
Title: ANNUAL/INTERIM REPORT CHANGE
The release of the Company's 2011 annual report will be changed to 17 April 2012.
Date: 2012-01-10
Title: EGM RESOLUTION
The Company held its 1st Extraordinary General Meeting of 2012 on 09 January 2012, during which the following proposal(s) was/were approved:
1. The Company's eligibility for issue of corporate bonds
2. Issue of 2012 corporate bonds
3. Authorization to the board to handle matters in relation to the issue and listing of corporate bonds
4. The affiliated shareholders to provide guarantee for the issue of 2012 corporate bonds.
Date: 2012-01-05
Title: EGM REMINDER
The Company will hold the 1st Extraordinary General Meeting of 2012 at 14:30 on 09 January 2012.

Meeting agenda:
1. The Company's eligibility for issue of corporate bonds
2. Issue of 2012 corporate bonds
3. Authorization to the board to handle matters in relation to the issue and listing of corporate bonds
4. The affiliated shareholders to provide guarantee for the issue of 2012 corporate bonds

Meeting attendees:
1.A-share holders registered at CSDCC Shenzhen after the close of trading on 04 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: 06 January 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: 09 January 2012
Voting code:362607
Voting abbreviation:Yaxia Automobile voting
Voting process:
1. To input the "buy" instruction to begin voting
2. To input the serial number of the Annual General 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 08 January 2012 to 09 January 2012.