Xilong Chemical Industry Incorporated Co.LTD



Quote for Xilong Chemical Industry Incorporated Co.LTD

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Symbol/Code:
002584
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Stock Type:
A Share
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Currency in CNY Time=UTC+8002584 quote

Summary for Xilong Chemical Industry Incorporated Co.LTD

XILONG CHEMICAL CO.,LTD. is principally engaged in the research, development, production and sale of chemical reagents. The Company primarily provides general chemical reagents, including ammonia water, sodium hydroxide, hydrochloric acid, sulfuric acid, nitric acid, carbinol and ethanol; chemical reagents for printed circuit boards (PCBs), including sodium persulfate, copper sulfate, sodium hydroxide, hydrochloric acid, nitric acid, chloropropylene oxide, hydrofluoric acid, acetone, ammonia water and methanal, as well as super clean high purity chemical reagents, including anhydrous ethanol, isopropyl alcohol, acetone, glacial acetic acid, butanone, hydrogen peroxide, butyl ethanoate, methyl cyanide, methyl benzene, carbinol and dimethyl benzene. Its chemical reagents are mainly used in electronic information, medicine, food processing, as well as space and army industry. The Company is also involved in chemical raw material, bulk pharmaceutical and food additive businesses.

Profile for Xilong Chemical Industry Incorporated Co.LTD

Full Name:Xilong Chemical Industry Incorporated Co.LTD
Full Name in Chinese:西陇化工股份有限公司 Short Name in Chinese:西陇化工
Symbol/Stock Code:
002584
Listed in:
Shenzhen Stock Exchange
Issued Capital
-
Negotiable Capital:
-
Chairman:
Huang Weibo
Secretary of the Board:
Wu Junhui
Phone:
+86-754-82481503
Fax:
+86-754-82493128
Official Website:www.xlhg.com.cn
E-mail:xlhg@xlhg.cn
Address:No. 1-3,,, Xilong Middle Street, Chaoshan,Shantou GNG 515064
IPO Subscription Date:
2011-05-25
Listing Date:
2011-06-02
IPO Issued Capital:
50000000
IPO Price:
12.5 CNY
IPO fees:
53573600 CNY
Money Raised by IPO:
625000000 CNY
IPO Par Value:
1.00 CNY
Net Money Raised:
571426400 CNY
Open(Listing day):
15.01 CNY
Close(Listing day):
14.79 CNY
Diluted P/E ratio after IPO:
35.7100
Turnover rate(listing day):
88.42%

Financials for Xilong Chemical Industry Incorporated 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)
52.5806
82.2786
72.8944
57.2788
Net Profit Growth(%)
-14.21
12.87
27.26
22.64
Return On Equity(ROE)(%)
5.12
8.21
19.23
18.13
Debt ratio(%)
26.28
11.60
43.45
48.62
Net Operating Cash Flow/Net Profit(%)
58.39
-41.62
55.09
86.50

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)
0.2600
0.4600
0.4900
0.3800
Diluted Earnings Per Share
0.0000
0.4200
0.4600
0.3500
Net Asset Value Per Share (NAVPS)
5.1300
5.0100
2.5300
2.1058
Additional Paid-In Capital Per Share
2.9176
2.9176
0.4139
0.4139
Retained Earnings Per Share
1.0984
0.9855
1.0123
0.6325
Net Cash Flow From Operatings Activities Per Share
0.1500
-0.1700
0.2700
0.3300
Net Cash Flow Per Share
-0.0975
1.6595
0.2140
-0.2799

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)
1396.3634
1134.3142
670.3058
614.7995
Total Liabilities(Million)
366.9772
131.6566
291.2903
298.9236
Current Liabilities(Million)
363.6011
126.8449
266.9971
271.9202
Long Term Liabilities(Million)
-
-
-
-
Cash And Cash Equivalents(Million)
450.116
420.2683
122.51
137.5163
Accounts Receivables(Million)
249.4262
189.0778
135.3463
120.1192
Deposit Received(Million)
18.3681
7.5581
10.7718
11.7876
Other Receivables(Million)
12.1407
5.358
4.1699
6.0154
Bad Debt Reserve(Million)
-
-
-
-
Shareholder's Equity/Owner's Equity(Million)
1026.9663
1002.6577
379.0155
315.8759
Debt ratio(%)
26.28
11.60
43.45
48.62
Equity Ratio(%)
73.5400
88.3900
56.5400
51.3700
Current Ratio
2.9631
6.8062
1.6725
1.6345
Quick Ratio
2.2391
5.2423
1.1437
1.1455

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)
1248.3951
1441.0988
1353.7753
993.5263
Net Cash Flow From Operatings Activities(Million)
30.7039
-34.2445
40.1558
49.5438
Net Cash Flow From Operatings Activities Change(%)
-156.41
-185.28
-18.95
40.57
Net Cash Flow(Million)
-19.4971
331.8984
32.1074
-41.9796
Cash From Selling Commodities/Prime Revenue(%)
110.62
112.50
116.29
112.65
Net Cash Flow/Net Profit(%)
-37.08
403.38
44.05
-73.29
Cash Flow From Investing Activities(Million)
-63.4029
-54.251
-48.526
-57.77
Cash Flow From Financing Activities(Million)
13.6973
420.4123
41.1948
-33.6776

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)
1128.4961
1281.0314
1164.1553
881.978
Prime Operating Profit(Million)
-
-
-
-
Operating Costs(Million)
68.2539
75.9769
66.731
49.5296
Administrative Costs(Million)
52.5535
58.723
52.3943
38.2898
Financing Costs(Million)
-5.671
-0.5495
3.5067
5.5164
Above Three Costs Change(%)
14.10
9.39
31.39
16.77
Operating Profit(Million)
54.7058
89.554
84.6769
62.7546
Income From Investment(Million)
-
-
-
0.0135
Government Subsidies(Million)
-
-
-
-
Net Non-Operating Income And Expense(Million)
6.3367
8.3031
4.0854
4.893
Total Profit(Million)
61.0425
97.8572
88.7623
67.6476
Corporate Income Tax(Million)
8.5392
15.5786
15.8679
10.3688
Net Profit(Million)
52.5806
82.2786
72.8944
57.2788
Gross Profit Ratio(%)
15.77
18.41
18.26
18.22
Operating Margin(%)
4.84
6.99
7.27
7.11
Return On Equity(ROE)(%)
5.12
8.21
19.23
18.13

Announcements for Xilong Chemical Industry Incorporated Co.LTD

Date: 2012-06-29
Title: EGM RESOLUTION
The Company held its 1st Extraordinary General Meeting of 2012 on 28 June 2012, during which the following proposal(s) was/were approved:
1. Amendments to the Company's articles of association
2. Amendments to the rules of procedures for general meetings
3. Amendments to the rules of procedures for the directors board
4. Amendments to the rules of procedures for the supervisory committee
5. Amendments to work system for independent directors
6. Formulation of profit distribution policy and the plan for the shareholders' profit return for the next three years.
Date: 2012-06-21
Title: DIVIDEND IMPLEMENTATION (CASH ONLY)
2011 final distribution plan to be implemented (A shares):

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


Record date: 27 June 2012
Ex-date: 28 June 2012
Payment date: 28 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: CNY0.15000000(10 percent x CNY1.50000000)
Net cash dividend/10 shares after tax: CNY1.35000000(CNY1.50000000- CNY0.15000000)
Date: 2012-05-31
Title: RESTRICTED SHARE LISTING
Among the Company's 22432125 restricted shares to be unlocked on 04 June 2012, 22432125 of them will be tradable on the Shenzhen Stock Exchange on that day.
Date: 2012-05-10
Title: AGM RESOLUTION
The Company held its Annual General Meeting of 2011 on 09 May 2012, during which the following proposal(s) was/were approved:
1. 2011 annual report and its summary
2. 2011 work report of the board of directors
3. 2011 work report of independent directors
4. 2011 work report of the supervisory committee
5. 2011 financial resolution report
6. 2012 financial budget report
7. 2011 profit distribution plan
8. 2011 special report on the deposit and use of raised funds
9. 2011 internal control self-evaluation report
10. Reappointment of audit firm
11. Amendments to the Company's raised fund management system regarding the special deposit and use
12. Amendments to decision-making system on connected transactions
13. Amendments to work system for independent directors
14. Amendments to the management measures for external investment
15. Application for comprehensive credit line to a bank
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.
Date: 2012-04-10
Title: FINAL DIVIDEND
The Company issued its 2011 annual report on 10 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: 2012-04-10
Title: AGM-SPOT
The Company will hold the 2011 Annual General Meeting at 09:00 on 09 May 2012.

Meeting agenda:
1. 2011 annual report and its summary
2. 2011 work report of the board of directors
3. 2011 work report of independent directors
4. 2011 work report of the supervisory committee
5. 2011 financial resolution report
6. 2012 financial budget report
7. 2011 profit distribution plan
8. 2011 special report on the deposit and use of raised funds
9. 2011 internal control self-evaluation report
10. Reappointment of audit firm
11. Amendments to the Company's raised fund management system regarding the special deposit and use
12. Amendments to decision-making system on connected transactions
13. Amendments to work system for independent directors
14. Amendments to the management measures for external investment
15. Application for comprehensive credit line to a bank
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 03 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: 08 May 2012
Date: 2011-12-13
Title: EGM RESOLUTION
The Company held its 6th Extraordinary General Meeting of 2011 on 12 December 2011, during which the following proposal(s) was/were approved:
1. Election of directors including Huang Weibo, Huang Weipeng, Huang Shaoqun, Huang Zhenjie, Luo Fei, Sun Qiang, Ha Chengyong, Zou Jianhua, Wang Chaoxi
2. Election of supervisors including Xie Junyuan, Mou Yong.
Date: 2011-11-25
Title: EGM-SPOT
The Company will hold the 6th Extraordinary General Meeting of 2011 at 09:30 on 12 December 2011.

Meeting agenda:
1. Election of directors including Huang Weibo, Huang Weipeng, Huang Shaoqun, Huang Zhenjie, Luo Fei, Sun Qiang, Ha Chengyong, Zou Jianhua, Wang Chaoxi
2. Election of supervisors including Xie Junyuan, Mou Yong

Meeting attendees:
1. A-share holders registered at CSDCC Shenzhen after the close of trading on 05 December 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: 09 December 2011
Date: 2011-10-27
Title: EGM-SPOT
The Company will hold the 5th Extraordinary General Meeting of 2011 at 09:30 on 11 November 2011.

Meeting agenda:
1. Absorption and merger of a wholly-owned subsidiary

Meeting attendees:
1. A-share holders registered at CSDCC Shenzhen after the close of trading on 04 November 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: 10 November 2011
Date: 2011-09-30
Title: DIVIDEND IMPLEMENTATION (CASH ONLY)
2011 interim distribution plan to be implemented (A shares):

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


Record date: 12 October 2011
Ex-date: 13 October 2011
Payment date: 13 October 2011

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: CNY0.15000000(10 percent x CNY1.50000000)
Net cash dividend/10 shares after tax: CNY1.35000000(CNY1.50000000- CNY0.15000000)