Xiamen Sunrise Wheel Group Co.,Ltd.



Quote for Xiamen Sunrise Wheel Group Co.,Ltd.

Last Trade:
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Symbol/Code:
002593
Status:
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Stock Type:
A Share
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Currency in CNY Time=UTC+8002593 quote

Summary for Xiamen Sunrise Wheel Group Co.,Ltd.

Xiamen Sunrise Wheel Group Co., Ltd. is principally engaged in the manufacturing and distribution of steel products. The Company primarily provides cold processing molding steel products and hot processing molding steel products. Its cold processing molding steel products include steel wheels, applied in low speed automobiles, passenger automobiles and commercial automobiles; steel structures, used in construction and equipment manufacturing industries, as well as other steel products used in home appliances and hardware manufacturing, among others. Its hot processing molding steel products mainly include hot rolling steel pipes, pressure containers, as well as casting and forging components, applied in energy and chemical petroleum industry, medical chemical industry, equipment manufacturing industry, as well as construction industry, among others.

Profile for Xiamen Sunrise Wheel Group Co.,Ltd.

Full Name:Xiamen Sunrise Wheel Group Co.,Ltd.
Full Name in Chinese:厦门日上车轮集团股份有限公司 Short Name in Chinese:日上集团
Symbol/Stock Code:
002593
Listed in:
Shenzhen Stock Exchange
Issued Capital
-
Negotiable Capital:
-
Chairman:
Wu Ziwen
Secretary of the Board:
Zhong Baian
Phone:
+86-592-6666866
Fax:
+86-592-6666899
Official Website:www.sunrisewheel.com
E-mail:stock@sunrisewheel.com
Address:No. 30 Xinbei Road, Xinlin, Jime,XIAMEN FUJ 361022
IPO Subscription Date:
2011-06-16
Listing Date:
2011-06-28
IPO Issued Capital:
53000000
IPO Price:
12.88 CNY
IPO fees:
34292100 CNY
Money Raised by IPO:
682640000 CNY
IPO Par Value:
1.00 CNY
Net Money Raised:
648347900 CNY
Open(Listing day):
14.17 CNY
Close(Listing day):
14.78 CNY
Diluted P/E ratio after IPO:
34.8100
Turnover rate(listing day):
87.91%

Financials for Xiamen Sunrise Wheel Group 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)
53.3623
88.743
83.552
30.6735
Net Profit Growth(%)
-38.81
6.21
172.39
-0.09
Return On Equity(ROE)(%)
4.49
7.61
19.22
11.77
Debt ratio(%)
46.29
47.17
65.72
53.23
Net Operating Cash Flow/Net Profit(%)
-339.18
-218.91
110.17
112.33

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)
0.2500
0.4800
0.5500
0.2300
Diluted Earnings Per Share
0.0000
0.4400
0.5200
0.2200
Net Asset Value Per Share (NAVPS)
5.6100
5.5000
2.7300
2.1726
Additional Paid-In Capital Per Share
3.3390
3.3390
0.7077
0.0431
Retained Earnings Per Share
1.2714
1.1720
1.0220
1.0936
Net Cash Flow From Operatings Activities Per Share
-0.8500
-0.9200
0.5800
0.2900
Net Cash Flow Per Share
-0.2069
0.3338
0.5607
-0.0808

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)
2213.1009
2208.1692
1268.1833
783.0292
Total Liabilities(Million)
1024.5035
1041.6356
833.529
416.8683
Current Liabilities(Million)
993.0516
995.0253
787.676
416.8683
Long Term Liabilities(Million)
-
-
-
-
Cash And Cash Equivalents(Million)
199.2239
270.2164
205.6692
97.0184
Accounts Receivables(Million)
226.5871
220.7815
136.2248
83.7787
Deposit Received(Million)
43.4922
74.3094
59.6523
61.0836
Other Receivables(Million)
22.6787
33.1683
27.9199
21.2001
Bad Debt Reserve(Million)
-
-
-
-
Shareholder's Equity/Owner's Equity(Million)
1188.5973
1166.5336
434.6542
260.7077
Debt ratio(%)
46.29
47.17
65.72
53.23
Equity Ratio(%)
53.7000
52.8200
34.2700
33.2900
Current Ratio
1.6489
1.7782
1.2292
1.3892
Quick Ratio
0.7976
1.1123
0.6697
0.7020

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)
866.5297
1209.9575
862.64
682.8289
Net Cash Flow From Operatings Activities(Million)
-180.9956
-194.2677
92.0514
34.456
Net Cash Flow From Operatings Activities Change(%)
22.63
-311.04
167.16
-170.90
Net Cash Flow(Million)
-43.8652
70.7565
89.1566
-9.698
Cash From Selling Commodities/Prime Revenue(%)
100.87
93.73
80.60
112.04
Net Cash Flow/Net Profit(%)
-82.20
79.73
106.71
-31.62
Cash Flow From Investing Activities(Million)
55.9059
-495.9691
-244.4875
-18.885
Cash Flow From Financing Activities(Million)
85.5834
765.0529
242.3809
-24.8901

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)
859.0474
1290.951
1070.3086
609.4712
Prime Operating Profit(Million)
-
-
-
-
Operating Costs(Million)
43.9393
53.4126
46.0107
24.6953
Administrative Costs(Million)
26.072
42.4665
35.2244
19.2183
Financing Costs(Million)
17.5328
25.9721
18.4303
7.7629
Above Three Costs Change(%)
-1.10
22.26
92.86
-13.92
Operating Profit(Million)
38.5163
96.1418
94.9418
44.7859
Income From Investment(Million)
-
-
-
-
Government Subsidies(Million)
-
-
-
-
Net Non-Operating Income And Expense(Million)
27.8011
8.5587
7.1126
1.4834
Total Profit(Million)
66.3174
104.7004
102.0544
46.2694
Corporate Income Tax(Million)
12.9551
15.9574
16.464
7.4197
Net Profit(Million)
53.3623
88.743
83.552
30.6735
Gross Profit Ratio(%)
15.18
17.65
18.36
16.47
Operating Margin(%)
4.48
7.44
8.87
7.34
Return On Equity(ROE)(%)
4.49
7.61
19.22
11.77

Announcements for Xiamen Sunrise Wheel Group Co.,Ltd.

Date: 2012-10-26
Title: EGM-ONLINE
The Company will hold the 5th Extraordinary General Meeting of 2012 at 15:30 on 12 November 2012.

Meeting agenda:
1. Continued use of partial idle raised funds to temporarily replenish working capital


Meeting attendees:
1. A-share holders registered at CSDCC Shenzhen after the close of trading on 06 November 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 07 November 2012 to 07 November 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: 12 November 2012
Voting code:362593
Voting abbreviation:Sunrise Wheel Group 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 11 November 2012 to 12 November 2012.
Date: 2012-09-18
Title: EGM RESOLUTION
The Company held its 4th Extraordinary General Meeting of 2012 on 15 September 2012, during which the following proposal(s) was/were approved:
1. Guarantee for controlled subsidiaries in 2012
Date: 2012-08-30
Title: EGM-SPOT
The Company will hold the 4th Extraordinary General Meeting of 2012 at 11:30 on 15 September 2012.

Meeting agenda:
1. Guarantee for controlled subsidiaries in 2012


Meeting attendees:
1. A-share holders registered at CSDCC Shenzhen after the close of trading on 10 September 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 11 September 2012 to 11 September 2012
Date: 2012-08-14
Title: EGM RESOLUTION
The Company held its 3rd Extraordinary General Meeting of 2012 on 11 August 2012, during which the following proposal(s) was/were approved:
1. Amendments to the Company's articles of association and its appendix
2. Formulation of plan on the shareholders' return for the next three years from 2012 to 2014
Date: 2012-07-27
Title: EGM-SPOT
The Company will hold the 3rd Extraordinary General Meeting of 2012 at 11:30 on 11 August 2012.

Meeting agenda:
1 Amendments to the Company's articles of association and its appendix
2 Formulation of 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 06 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: 07 August 2012
Date: 2012-05-29
Title: EGM RESOLUTION
The Company held its 2nd Extraordinary General Meeting of 2012 on 28 May 2012, during which the following proposal(s) was/were approved:
1. Use of partial idle raised funds to temporarily replenish working capital.
Date: 2012-04-20
Title: FINAL DIVIDEND
The Company issued its 2011 annual report on 20 April 2012.

The profit distribution proposal for 2011:
1. Cash dividend/10 shares (tax included): CNY1.50000000
2. Bonus issue from profit (share/10 shares):none
3. Bonus issue from capital reserve (share/10 shares):none.
Date: 2012-04-20
Title: AGM-SPOT
The Company will hold the 2011 Annual General Meeting at 09:30 on 11 May 2012.

Meeting agenda:
1. 2011 financial resolution report
2. 2011 work report of the board of directors
3. 2011 work report of the supervisory committee
4. 2011 annual report and its summary
5. 2011 profit distribution plan
6. Reappointment of audit firm
7. De facto controller to provide guarantee for the Company and subsidiaries
8. 2012 guarantee for controlled subsidiaries
The detailed profit distribution plan are as follows:
1) Cash dividend/10 shares (tax included): CNY1.50000000
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 07 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: 09 May 2012
Date: 2012-03-06
Title: EGM RESOLUTION
The Company held its 1st Extraordinary General Meeting of 2012 on 05 March 2012, during which the following proposal(s) was/were approved:
1. Investment in the construction of a project
2. 2012 credit line applied by the Company and its controlled subsidiaries to banks.
Date: 2012-02-17
Title: EGM-SPOT
The Company will hold the 1st Extraordinary General Meeting of 2012 at 09:30 on 05 March 2012.

Meeting agenda:
1. Investment in the construction of a project
2. 2012 credit line applied by the Company and its controlled subsidiaries to banks

Meeting attendees:
1. A-share holders registered at CSDCC Shenzhen after the close of trading on 23 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: 24 February 2012