Xuchang Yuandong Drive Shaft Co.,Ltd.



Quote for Xuchang Yuandong Drive Shaft Co.,Ltd.

Last Trade:
-
Change:
--
Symbol/Code:
002406
Status:
-
Stock Type:
A Share
Market Cap:
-
Open:
-
Prev Close:
-
Bid:
-
Ask:
-
Volume(*100):
-
Amount:
-
Limit Up:
-
Limit Down:
-
Day's Range:
-
P/E(ttm):
-
P/B ratio
-
Update:-
Currency in CNY Time=UTC+8002406 quote

Summary for Xuchang Yuandong Drive Shaft Co.,Ltd.

Xuchang Yuandong Drive Shaft CO., Ltd. is principally engaged in the research, development, manufacture and distribution of non-constant velocity drive shafts and related spare parts. Its products are mainly used in the manufacture of commercial vehicles and construction machinery. The Company distributes its products in domestic and overseas markets.

Profile for Xuchang Yuandong Drive Shaft Co.,Ltd.

Full Name:Xuchang Yuandong Drive Shaft Co.,Ltd.
Full Name in Chinese:许昌远东传动轴股份有限公司 Short Name in Chinese:远东传动
Symbol/Stock Code:
002406
Listed in:
Shenzhen Stock Exchange
Issued Capital
-
Negotiable Capital:
-
Chairman:
Liu Yansheng
Secretary of the Board:
Zhang Weimin
Phone:
+86-374-5650017
Fax:
+86-374-5650177
Official Website:www.yodonchina.com
E-mail:jrh16@126.com
Address:Shangji Town,Xuchang HEN 461111
IPO Subscription Date:
2010-05-04
Listing Date:
2010-05-18
IPO Issued Capital:
47000000
IPO Price:
26.6 CNY
IPO fees:
35300400 CNY
Money Raised by IPO:
1250200000 CNY
IPO Par Value:
1.00 CNY
Net Money Raised:
1214899600 CNY
Open(Listing day):
24.01 CNY
Close(Listing day):
24.89 CNY
Diluted P/E ratio after IPO:
42.2200
Turnover rate(listing day):
29.01%

Financials for Xuchang Yuandong Drive Shaft 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)
109.3776
197.2426
185.2333
130.6327
Net Profit Growth(%)
-31.84
6.48
41.79
39.53
Return On Equity(ROE)(%)
5.41
10.02
10.14
28.63
Debt ratio(%)
5.12
6.31
7.46
36.10
Net Operating Cash Flow/Net Profit(%)
69.57
-12.26
12.69
62.40

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)
0.3900
0.7000
0.7400
0.9300
Diluted Earnings Per Share
0.0000
0.7000
0.7200
0.8400
Net Asset Value Per Share (NAVPS)
7.2100
7.0200
9.7700
3.2600
Additional Paid-In Capital Per Share
4.1838
4.1838
6.7756
0.6481
Retained Earnings Per Share
1.8273
1.6374
1.7971
1.4617
Net Cash Flow From Operatings Activities Per Share
0.2700
-0.0900
0.1300
0.5800
Net Cash Flow Per Share
-0.1489
-0.8945
4.4767
0.0431

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)
2130.9742
2101.1193
1974.9445
714.2492
Total Liabilities(Million)
109.1154
132.5872
147.4555
257.8544
Current Liabilities(Million)
103.5637
126.6734
141.0589
250.9751
Long Term Liabilities(Million)
-
-
-
-
Cash And Cash Equivalents(Million)
631.1269
672.8807
923.7785
106.6291
Accounts Receivables(Million)
340.8073
260.9735
200.4848
137.8151
Deposit Received(Million)
4.8199
4.4448
1.5451
1.1662
Other Receivables(Million)
5.4793
7.574
5.8431
2.6027
Bad Debt Reserve(Million)
-
-
-
-
Shareholder's Equity/Owner's Equity(Million)
2021.8554
1968.5778
1827.4352
456.2852
Debt ratio(%)
5.12
6.31
7.46
36.10
Equity Ratio(%)
94.8700
93.6900
92.5300
63.8800
Current Ratio
14.6720
11.7597
10.4928
1.7311
Quick Ratio
12.3906
10.3613
9.7953
1.4604

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)
593.9061
1084.3025
981.3477
662.2663
Net Cash Flow From Operatings Activities(Million)
76.0924
-24.1859
23.5023
81.518
Net Cash Flow From Operatings Activities Change(%)
238.95
-202.91
-71.17
41.25
Net Cash Flow(Million)
-41.7538
-250.8978
837.1494
6.0372
Cash From Selling Commodities/Prime Revenue(%)
93.60
105.20
96.70
107.40
Net Cash Flow/Net Profit(%)
-38.17
-127.20
451.94
4.62
Cash Flow From Investing Activities(Million)
-66.8121
-167.1555
-271.7515
-61.8924
Cash Flow From Financing Activities(Million)
-51.0342
-59.5564
1085.3986
-13.5884

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)
634.5341
1030.7485
1014.815
616.6513
Prime Operating Profit(Million)
-
-
-
-
Operating Costs(Million)
39.3238
62.2776
69.1802
38.7214
Administrative Costs(Million)
66.7859
84.6797
75.9235
22.2504
Financing Costs(Million)
-7.9672
-9.5209
-2.7851
6.8447
Above Three Costs Change(%)
7.57
-3.43
109.86
10.72
Operating Profit(Million)
122.4817
230.0367
214.0362
136.4795
Income From Investment(Million)
-1.4677
5.3596
8.2644
5.6108
Government Subsidies(Million)
-
-
-
-
Net Non-Operating Income And Expense(Million)
8.1138
1.1259
4.8337
17.2496
Total Profit(Million)
130.5955
231.1626
218.8699
153.7291
Corporate Income Tax(Million)
21.1688
34.0196
33.6924
23.1317
Net Profit(Million)
109.3776
197.2426
185.2333
130.6327
Gross Profit Ratio(%)
35.60
36.11
34.90
32.81
Operating Margin(%)
19.30
22.31
21.09
22.13
Return On Equity(ROE)(%)
5.41
10.02
10.14
28.63

Announcements for Xuchang Yuandong Drive Shaft Co.,Ltd.

Date: 2012-09-20
Title: EGM RESOLUTION
The Company held its 2nd Extraordinary General Meeting of 2012 on 19 September 2012, during which the following proposal(s) was/were approved:
1. Formulation of shareholder dividend return plan
2. Amendments to the Company's articles of association
Date: 2012-08-23
Title: EGM-SPOT
The Company will hold the 2nd Extraordinary General Meeting of 2012 at 09:30 on 19 September 2012.

Meeting agenda:
1. Formulation of shareholder dividend return plan
2. Amendments to the Company's articles of association


Meeting attendees:
1. A-share holders registered at CSDCC Shenzhen after the close of trading on 11 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 18 September 2012 to 18 September 2012
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): CNY2.00000000
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: CNY0.20000000(10 percent x CNY2.00000000)
Net cash dividend/10 shares after tax: CNY1.80000000(CNY2.00000000- CNY0.20000000)
Date: 2012-05-21
Title: RESTRICTED SHARE LISTING
Among the Company's 10135923 restricted shares to be unlocked on 22 May 2012,10135923 of them will be tradable on the Shenzhen Stock Exchange on that day.
Date: 2012-05-11
Title: AGM RESOLUTION
The Company held its Annual General Meeting of 2011 on 10 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 annual report and its summary
4. 2011 financial resolution report
5. 2011 profit distribution plan
6. 2012 continuing connected transactions estimate
7. Reappointment of 2012 audit firm
8. Payment of projects invested with raised funds and excessive raised funds with bank's acceptance bill
9. Capital increase in a wholly-owned subsidiary to construct a project with partial excessive raised funds
The detailed profit distribution plan are as follows:
1) Cash dividend/10 shares (tax included): CNY2.00000000
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): CNY2.00000000
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 09:30 on 10 May 2012.

Meeting agenda:
1. 2011 work report of the board of directors
2. 2011 work report of the supervisory committee
3. 2011 annual report and its summary
4. 2011 financial resolution report
5. 2011 profit distribution plan
6. 2012 continuing connected transactions estimate
7. Reappointment of 2012 audit firm
8. Payment of projects invested with raised funds and excessive raised funds with bank's acceptance bill
9. Capital increase in a wholly-owned subsidiary to construct a project with partial excessive raised funds
The detailed profit distribution plan are as follows:
1) Cash dividend/10 shares (tax included): CNY2.00000000
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 04 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: 2012-04-06
Title: ANNUAL/INTERIM REPORT CHANGE
The release of the Company's 2011 annual report will be changed to 10 April 2012.
Date: 2012-01-10
Title: EGM RESOLUTION
The Company held its 1st Extraordinary General Meeting of 2012 on 08 January 2012, during which the following proposal(s) was/were approved:
1. Change of audit firm.
Date: 2011-05-23
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: 26MAY11
EX-DATE: 27MAY11
PAYMENT DATE: 27MAY11
LISTING DATE OF THE BONUS ISSUES: 27MAY11
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)