Wuxi Baichuan Chemical Industry Co., Ltd



Quote for Wuxi Baichuan Chemical Industry Co., Ltd

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Symbol/Code:
002455
Status:
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Stock Type:
A Share
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Currency in CNY Time=UTC+8002455 quote

Summary for Wuxi Baichuan Chemical Industry Co., Ltd

Wuxi Baichuan Chemical Industry Co., Ltd is principally engaged in the production and distribution of fine chemicals. The Company's major products include butyl acetate and trimellitic anhydride. The Company's butyl acetate products are mainly used in paint, coating, erythrocin, polyurethane, printing films, fragrant substance, cosmetics, dehydrating agents and diluting agents, among others. The Company's trimellitic anhydride products are mainly applied in the manufacturing of coatings of household appliances, mobile phones, bicycles, aluminum alloy doors and windows, as well as car paints and trioctyl trimellitate (TOTM). the Company distributes its products in domestic markets and to overseas markets.

Profile for Wuxi Baichuan Chemical Industry Co., Ltd

Full Name:Wuxi Baichuan Chemical Industry Co., Ltd
Full Name in Chinese:无锡百川化工股份有限公司 Short Name in Chinese:百川股份
Symbol/Stock Code:
002455
Listed in:
Shenzhen Stock Exchange
Issued Capital
-
Negotiable Capital:
-
Chairman:
Zheng Tiejiang
Secretary of the Board:
Chen Huimin
Phone:
+86-510-86013755
Fax:
+86-510-86013255
Official Website:www.bcchem.com
E-mail:bcc@bcchem.com
Address:No. 55,Industrial Park, Yunting Town,,WUXI JNG 214422
IPO Subscription Date:
2010-07-21
Listing Date:
2010-08-03
IPO Issued Capital:
22000000
IPO Price:
20 CNY
IPO fees:
33453200 CNY
Money Raised by IPO:
440000000 CNY
IPO Par Value:
1.00 CNY
Net Money Raised:
406546800 CNY
Open(Listing day):
33.00 CNY
Close(Listing day):
32.99 CNY
Diluted P/E ratio after IPO:
33.2800
Turnover rate(listing day):
82.76%

Financials for Wuxi Baichuan Chemical Industry Co., Ltd

UPDATE:2012-10-26 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)
27.648
46.4846
62.0496
52.7697
Net Profit Growth(%)
-21.03
-25.08
17.58
58.09
Return On Equity(ROE)(%)
3.72
6.37
8.75
22.69
Debt ratio(%)
53.76
46.19
38.60
58.79
Net Operating Cash Flow/Net Profit(%)
-42.30
107.26
11.25
157.38

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)
0.2100
0.3500
0.5500
0.8000
Diluted Earnings Per Share
0.0000
0.3400
0.5600
0.8100
Net Asset Value Per Share (NAVPS)
5.6500
5.5400
8.0800
3.5300
Additional Paid-In Capital Per Share
2.9056
2.9056
4.8584
0.5148
Retained Earnings Per Share
1.5582
1.4482
1.9965
1.8163
Net Cash Flow From Operatings Activities Per Share
-0.0900
0.3800
0.0800
1.2600
Net Cash Flow Per Share
-0.0686
-0.4366
0.8719
0.6088

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)
1609.1184
1355.6574
1155.3458
564.4013
Total Liabilities(Million)
865.1885
626.1808
446.0139
331.8158
Current Liabilities(Million)
795.1885
626.1808
446.0139
331.8158
Long Term Liabilities(Million)
-
-
-
-
Cash And Cash Equivalents(Million)
201.6909
185.4322
360.9345
117.0552
Accounts Receivables(Million)
198.9597
139.6207
133.8931
91.3799
Deposit Received(Million)
20.9198
21.1227
12.166
19.8338
Other Receivables(Million)
0.8884
0.3841
0.3174
0.3672
Bad Debt Reserve(Million)
-
-
-
-
Shareholder's Equity/Owner's Equity(Million)
743.9298
729.4766
709.3319
232.5855
Debt ratio(%)
53.76
46.19
38.60
58.79
Equity Ratio(%)
46.2300
53.8000
61.3900
41.2000
Current Ratio
0.9800
1.0866
1.8589
1.0181
Quick Ratio
0.7382
0.8005
1.5649
0.7507

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)
1469.6847
1797.9753
1832.2229
1284.3266
Net Cash Flow From Operatings Activities(Million)
-11.6962
49.8572
6.98
83.0504
Net Cash Flow From Operatings Activities Change(%)
-119.40
614.29
-91.60
163.77
Net Cash Flow(Million)
-9.0369
-57.5034
76.5526
40.0594
Cash From Selling Commodities/Prime Revenue(%)
120.51
111.92
108.72
113.24
Net Cash Flow/Net Profit(%)
-32.69
-123.70
123.37
75.91
Cash Flow From Investing Activities(Million)
-199.7995
-315.6268
-229.6817
-33.6288
Cash Flow From Financing Activities(Million)
202.4588
210.1943
299.765
-8.7958

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)
1219.598
1606.4938
1685.278
1134.1698
Prime Operating Profit(Million)
-
-
-
-
Operating Costs(Million)
23.4481
32.1934
35.2564
27.2884
Administrative Costs(Million)
44.2993
63.921
48.6508
20.6534
Financing Costs(Million)
24.0175
9.5142
5.5323
15.4165
Above Three Costs Change(%)
82.13
18.10
41.16
23.20
Operating Profit(Million)
32.2646
52.4602
75.6625
65.0505
Income From Investment(Million)
-
-
-
-
Government Subsidies(Million)
-
-
-
-
Net Non-Operating Income And Expense(Million)
1.0248
-0.5381
-3.4706
-2.058
Total Profit(Million)
33.2894
51.9221
72.1919
62.9926
Corporate Income Tax(Million)
5.6414
5.4375
10.1423
10.2229
Net Profit(Million)
27.648
46.4846
62.0496
52.7697
Gross Profit Ratio(%)
10.53
10.03
10.09
11.58
Operating Margin(%)
2.64
3.26
4.48
5.73
Return On Equity(ROE)(%)
3.72
6.37
8.75
22.69

Announcements for Wuxi Baichuan Chemical Industry Co., Ltd

Date: 2012-08-17
Title: EGM RESOLUTION
The Company held its 1st Extraordinary General Meeting of 2012 on 16 August 2012, during which the following proposal(s) was/were approved:
1. Amendments to the Company's articles of association
Date: 2012-07-31
Title: EGM-SPOT
The Company will hold the 1st Extraordinary General Meeting of 2012 at 09:30 on 16 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 09 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: 13 August 2012
Date: 2012-06-07
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: 13 June 2012
Ex-date: 14 June 2012
Payment date: 14 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: CNY0.10000000(10 percent x CNY1.00000000)
Net cash dividend/10 shares after tax: CNY0.90000000(CNY1.00000000- CNY0.10000000)
Date: 2011-09-29
Title: EGM-SPOT
The Company will hold the 2nd Extraordinary General Meeting of 2011 at 09:30 on 21 October 2011.

Meeting agenda:
1. A company to invest in a project
2. Authorization matters of bank credit financing quota paper and loan financing paper
3. Guarantee for the comprehensive credit of the above company applied to a bank

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: 17 October 2011
Date: 2011-08-03
Title: RESTRICTED SHARE LISTING
The Company's 11700000 restricted A-shares will be listed on the Shenzhen Stock Exchange as of 04 August 2011.
Date: 2011-07-01
Title: EGM RESOLUTION
THE CO HELD ITS 1ST EGM OF 2011 ON 30JUN11, DURING WHICH THE FOLLOWING PROPOSAL(S) WAS/WERE APPROVED:
1. INCREASE IN UTILITIES PROJECTS INVESTMENT FOR A COMPANY
2. RELOCATION AND EXPANSION OF PRODUCTION FOR THE TRIMETHYLOLPROPANE PROJECT
3. THE ABOVE COMPANY TO INVEST IN ACETIC ESTER PROJECT
Date: 2011-06-15
Title: EGM-SPOT
THE CO WILL HOLD THE 1ST EGM OF 2011 AT 09:30 ON 30JUN11.

MEETING AGENDA:
1. INCREASE IN UTILITIES PROJECTS INVESTMENT FOR A COMPANY
2. RELOCATION AND EXPANSION OF PRODUCTION FOR THE TRIMETHYLOLPROPANE PROJECT
3. THE ABOVE COMPANY TO INVEST IN ACETIC ESTER PROJECT

MEETING ATTENDEES:
1. A-SHARE HOLDERS REGISTERED AT CSDCC SZN AFTER THE CLOSE OF TRADING ON 23JUN11 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: 27JUN11
Date: 2011-05-20
Title: DIVIDEND IMPLEMENTATION (CASH AND BONUS ISSUE)
2010 FINAL DISTRIBUTION PLAN TO BE IMPLEMENTED (A SHARES):

1. CASH DIVIDEND/10 SHARES (TAX INCLUDED): CNY3.0000
2. BONUS ISSUE FROM PROFIT (SHARE/10 SHARES): NONE
3. BONUS ISSUE FROM CAPITAL RESERVE (SHARE/10 SHARES): 5.00


RECORD DATE: 25MAY11
EX-DATE: 26MAY11
PAYMENT DATE: 26MAY11
LISTING DATE OF THE BONUS ISSUES: 26MAY11
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 0.300000(10 PERCENT X CNY 3.000000)
NET CASH DIVIDEND/10 SHARES AFTER TAX: CNY 2.700000(CNY 3.000000- CNY0.300000)
Date: 2011-04-21
Title: AGM RESOLUTION
THE CO HELD ITS 2010 AGM ON 20APR11, DURING WHICH THE FOLLOWING PROPOSAL(S) WAS/WERE APPROVED:
1. 2010 ANNUAL REPORT AND ITS SUMMARY
2. 2010 WORK REPORT OF THE BOARD OF DIRECTORS
3. 2010 WORK REPORT OF THE SUPERVISORY COMMITTEE
4. 2010 FINANCIAL RESOLUTION REPORT
5. 2010 PROFIT DISTRIBUTION PLAN
6. HANDLING OF RELEVANT CHANGES IN INDUSTRIAL AND COMMERCIAL REGISTRATION AND AMENDMENTS TO THE CO'S ARTICLES OF ASSOCIATION
7. RE-APPOINTMENT OF AUDIT FIRM
8. NOMINATION OF MR DENG FENG AS DIRECTOR CANDIDATE
9. REMUNERATION PLAN FOR DIRECTORS AND SUPERVISORS IN 2010
THE DETAILED PROFIT DISTRIBUTION PLAN ARE AS FOLLOWS:
1) CASH DIVIDEND/10 SHARES (TAX INCLUDED): CNY3.0000
2) BONUS ISSUE FROM PROFIT (SHARE/10 SHARES): NONE
3) BONUS ISSUE FROM CAPITAL RESERVE (SHARE/10 SHARES): 5.00
Date: 2011-03-29
Title: AGM-SPOT
THE CO WILL HOLD THE 2010 AGM AT 09:30 ON 20APR11.

MEETING AGENDA:
1. 2010 ANNUAL REPORT AND ITS SUMMARY
2. 2010 WORK REPORT OF THE BOARD OF DIRECTORS
3. 2010 WORK REPORT OF THE SUPERVISORY COMMITTEE
4. 2010 FINANCIAL RESOLUTION REPORT
5. 2010 PROFIT DISTRIBUTION PLAN
6. HANDLING OF RELEVANT CHANGES IN INDUSTRIAL AND COMMERCIAL REGISTRATION AND AMENDMENTS TO THE CO'S ARTICLES OF ASSOCIATION
7. RE-APPOINTMENT OF AUDIT FIRM
8. NOMINATION OF MR DENG FENG AS DIRECTOR CANDIDATE
9. REMUNERATION PLAN FOR DIRECTORS AND SUPERVISORS IN 2010
THE DETAILED PROFIT DISTRIBUTION PLAN ARE AS FOLLOWS:
1) CASH DIVIDEND/10 SHARES (TAX INCLUDED): CNY3.0000
2) BONUS ISSUE FROM PROFIT (SHARE/10 SHARES): NONE
3) BONUS ISSUE FROM CAPITAL RESERVE (SHARE/10 SHARES): 5.00

MEETING ATTENDEES:
1. A-SHARE HOLDERS REGISTERED AT CSDCC SZN AFTER THE CLOSE OF TRADING ON 13APR11 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: 15APR11