Wuxi Double Elephant Micro Fibre Material Co.,Ltd



Quote for Wuxi Double Elephant Micro Fibre Material Co.,Ltd

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Symbol/Code:
002395
Status:
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Stock Type:
A Share
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Currency in CNY Time=UTC+8002395 quote

Summary for Wuxi Double Elephant Micro Fibre Material Co.,Ltd

WUXI DOUBLE ELEPHANT MICRO FIBRE MATERIAL CO., LTD is principally engaged in the research, development, manufacture and distribution of synthetic real leather, compound synthetic leather, synthetic leather and thin films. The Company primarily offers ultra thin fiber synthetic real leather, polyurethane (PU) compound synthetic leather, polyvinyl chloride (PVC) synthetic leather and thin film. The Company distributes its products primarily in domestic and overseas markets.

Profile for Wuxi Double Elephant Micro Fibre Material Co.,Ltd

Full Name:Wuxi Double Elephant Micro Fibre Material Co.,Ltd
Full Name in Chinese:无锡双象超纤材料股份有限公司 Short Name in Chinese:双象股份
Symbol/Stock Code:
002395
Listed in:
Shenzhen Stock Exchange
Issued Capital
-
Negotiable Capital:
-
Chairman:
Tang Bingquan
Secretary of the Board:
Shen Ming
Phone:
+86-510-88993888*8701
Fax:
+86-510-88997888
Official Website:www.sxcxgf.com
E-mail:sx@sxcxgf.com
Address:No. 188,Hongshan Town, New District,WUXI JNG 214145
IPO Subscription Date:
2010-04-19
Listing Date:
2010-04-29
IPO Issued Capital:
22500000
IPO Price:
25 CNY
IPO fees:
33232200 CNY
Money Raised by IPO:
562500000 CNY
IPO Par Value:
1.00 CNY
Net Money Raised:
529267800 CNY
Open(Listing day):
32.22 CNY
Close(Listing day):
35.10 CNY
Diluted P/E ratio after IPO:
54.3500
Turnover rate(listing day):
75.28%

Financials for Wuxi Double Elephant Micro Fibre Material 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)
25.9284
39.9439
44.8535
42.1667
Net Profit Growth(%)
-28.61
-10.94
6.37
26.70
Return On Equity(ROE)(%)
3.18
5.06
5.78
21.33
Debt ratio(%)
15.86
17.66
18.51
54.38
Net Operating Cash Flow/Net Profit(%)
24.20
-98.34
53.91
150.20

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)
0.2900
0.4500
0.5500
0.6300
Diluted Earnings Per Share
0.0000
0.4100
0.5300
0.6200
Net Asset Value Per Share (NAVPS)
9.1200
8.8300
8.6900
2.9600
Additional Paid-In Capital Per Share
5.7237
5.7237
5.7237
0.0045
Retained Earnings Per Share
2.1528
1.8627
1.7606
1.7494
Net Cash Flow From Operatings Activities Per Share
0.0700
-0.4400
0.2700
0.9500
Net Cash Flow Per Share
0.1529
-1.7661
3.9356
0.7605

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)
1026.3891
959.0117
952.9167
433.4311
Total Liabilities(Million)
162.8591
169.4101
176.4381
235.7238
Current Liabilities(Million)
154.3048
160.4051
166.8321
185.0168
Long Term Liabilities(Million)
-
-
-
-
Cash And Cash Equivalents(Million)
324.0642
330.3444
508.4774
133.191
Accounts Receivables(Million)
117.4029
98.5148
82.2867
58.4234
Deposit Received(Million)
13.976
8.4162
9.2975
9.7004
Other Receivables(Million)
-
-
0.0026
1.8856
Bad Debt Reserve(Million)
-
-
-
-
Shareholder's Equity/Owner's Equity(Million)
815.53
789.6016
776.4786
197.7073
Debt ratio(%)
15.86
17.66
18.51
54.38
Equity Ratio(%)
79.4500
82.3300
81.4800
45.6100
Current Ratio
4.8138
4.3425
4.9206
1.7393
Quick Ratio
3.2274
2.8647
3.9368
1.1138

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)
415.5198
555.6302
569.3141
512.0871
Net Cash Flow From Operatings Activities(Million)
6.2753
-39.2801
24.1824
63.3349
Net Cash Flow From Operatings Activities Change(%)
-127.30
-262.43
-61.82
162.98
Net Cash Flow(Million)
13.6685
-157.8911
351.8564
50.8829
Cash From Selling Commodities/Prime Revenue(%)
111.35
109.85
112.73
112.16
Net Cash Flow/Net Profit(%)
52.72
-395.28
784.46
120.67
Cash Flow From Investing Activities(Million)
-70.7887
-119.5799
-117.2792
-9.1335
Cash Flow From Financing Activities(Million)
77.9189
1.8496
445.4139
-3.3438

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)
373.1758
505.8258
505.0031
456.5621
Prime Operating Profit(Million)
-
-
-
-
Operating Costs(Million)
5.4727
6.423
6.0428
5.3521
Administrative Costs(Million)
23.0133
31.7758
30.6509
10.2748
Financing Costs(Million)
-5.0502
-8.0445
0.3754
3.1908
Above Three Costs Change(%)
11.81
-18.65
96.99
7.70
Operating Profit(Million)
29.3441
43.3109
51.3145
49.0692
Income From Investment(Million)
-
-
-
-
Government Subsidies(Million)
-
-
-
-
Net Non-Operating Income And Expense(Million)
1.2352
4.3108
1.4543
0.7589
Total Profit(Million)
30.5793
47.6216
52.7688
49.828
Corporate Income Tax(Million)
4.6509
7.6777
7.9153
7.6614
Net Profit(Million)
25.9284
39.9439
44.8535
42.1667
Gross Profit Ratio(%)
14.30
15.18
18.29
15.61
Operating Margin(%)
7.86
8.56
10.16
10.74
Return On Equity(ROE)(%)
3.18
5.06
5.78
21.33

Announcements for Wuxi Double Elephant Micro Fibre Material Co.,Ltd

Date: 2012-10-26
Title: DIVIDEND IMPLEMENTATION (CASH ONLY)
2012 interim 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): none


Record date: 01 November 2012
Ex-date: 02 November 2012
Payment date: 02 November 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: 2012-09-10
Title: EGM RESOLUTION
The Company held its 3rd Extraordinary General Meeting of 2012 on 07 September 2012, during which the following proposal(s) was/were approved:
1. 2012 interim profit distribution plan: cash dividend/10 shares (tax included): CNY3.0000
Date: 2012-08-21
Title: INTERIM DIVIDEND
The Company issued its 2012 interim report on 21 August 2012.

The profit distribution proposal for 2012:
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):none.
Date: 2012-08-21
Title: EGM-ONLINE
The Company will hold the 3rd Extraordinary General Meeting of 2012 at 14:00 on 07 September 2012.

Meeting agenda:
1. 2012 interim profit distribution plan: cash dividend/10 shares (tax included): CNY3.0000


Meeting attendees:
1. A-share holders registered at CSDCC Shenzhen after the close of trading on 31 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 03 September 2012 to 04 September 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: 07 September 2012
Voting code:362395
Voting abbreviation:Double Elephant 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 06 September 2012 to 07 September 2012.
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. Amendments to the Company's articles of association
Date: 2012-07-31
Title: EGM-SPOT
The Company will hold the 2nd Extraordinary General Meeting of 2012 at 10:00 on 18 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 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: 16 August 2012
Date: 2012-04-24
Title: AGM RESOLUTION
The Company held its Annual General Meeting of 2011 on 21 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 remuneration for directors and supervisors
7. Reappointment of audit firm
8. Election of Luo Hongbing as non-independent director
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): none.
Date: 2012-03-27
Title: FINAL DIVIDEND
The Company issued its 2011 annual report on 27 March 2012.

The profit distribution proposal for 2011:
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):none.
Date: 2012-03-27
Title: AGM-SPOT
The Company will hold the 2011 Annual General Meeting at 13:45 on 21 April 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. 2011 annual report and its summary
6. 2011 remuneration for directors and supervisors
7. Reappointment of audit firm
8. Election of Luo Hongbing as non-independent director
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): none

Meeting attendees:
1. A-share holders registered at CSDCC Shenzhen after the close of trading on 13 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: 19 April 2012
Date: 2012-02-21
Title: EGM-ONLINE
The Company will hold the 1st Extraordinary General Meeting of 2012 at 13:45 on 09 March 2012.

Meeting agenda:
1. Use of partial excessive raised funds to invest and set up a controlled subsidiary, which is to construct a project
2. Formulation of external investment management system
3. Formulation of implementation rules for online voting at shareholders' meeting
4. Amendments to the Company's articles of association

Meeting attendees:
1.A-share holders registered at CSDCC Shenzhen after the close of trading on 02 March 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: 07 March 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 March 2012
Voting code:362395
Voting abbreviation:Double Elephant 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 08 March 2012 to 09 March 2012.