Yantai Shuangta Food Co., Ltd



Quote for Yantai Shuangta Food Co., Ltd

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Symbol/Code:
002481
Status:
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Stock Type:
A Share
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Currency in CNY Time=UTC+8002481 quote

Summary for Yantai Shuangta Food Co., Ltd

YANTAI SHUANGTA FOOD CO., LTD is principally engaged in the production and distribution of vermicelli products. The Company primarily provides pure bean vermicelli, grain vermicelli and sweet potato vermicelli, among others. The Company distributes its products in domestic and overseas markets.

Profile for Yantai Shuangta Food Co., Ltd

Full Name:Yantai Shuangta Food Co., Ltd
Full Name in Chinese:烟台双塔食品股份有限公司 Short Name in Chinese:双塔食品
Symbol/Stock Code:
002481
Listed in:
Shenzhen Stock Exchange
Issued Capital
-
Negotiable Capital:
-
Chairman:
Yang Junmin
Secretary of the Board:
Phone:
+86-535-8070881
Fax:
+86-535-8070881
Official Website:www.shuangtafensi.com
E-mail:shuangtashipin@sohu.com
Address:Zhaili, Jinling Town, Zhaoyuan C,Yantai SDG 265404
IPO Subscription Date:
2010-09-08
Listing Date:
2010-09-21
IPO Issued Capital:
15000000
IPO Price:
39.8 CNY
IPO fees:
44207300 CNY
Money Raised by IPO:
597000000 CNY
IPO Par Value:
1.00 CNY
Net Money Raised:
552792700 CNY
Open(Listing day):
50.00 CNY
Close(Listing day):
45.37 CNY
Diluted P/E ratio after IPO:
67.4600
Turnover rate(listing day):
71.26%

Financials for Yantai Shuangta Food 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)
74.1719
70.2648
53.7415
42.9546
Net Profit Growth(%)
50.43
30.74
25.11
48.99
Return On Equity(ROE)(%)
8.52
8.76
7.17
29.95
Debt ratio(%)
30.50
32.46
13.30
58.70
Net Operating Cash Flow/Net Profit(%)
105.12
-29.96
-94.47
0.50

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)
0.3434
0.5855
0.5512
0.9545
Diluted Earnings Per Share
0.0000
0.5691
0.4769
0.7830
Net Asset Value Per Share (NAVPS)
4.0295
6.6800
12.5000
3.1900
Additional Paid-In Capital Per Share
1.8479
4.1262
9.2523
0.3855
Retained Earnings Per Share
1.0839
1.3830
2.0130
1.6091
Net Cash Flow From Operatings Activities Per Share
0.3610
-0.1754
-0.8461
0.0048
Net Cash Flow Per Share
-0.1815
-1.2939
5.4844
0.4156

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)
1252.4131
1187.8099
865.026
347.2645
Total Liabilities(Million)
382.0417
385.6104
115.0912
203.864
Current Liabilities(Million)
376.5912
379.3101
108.4961
197.1656
Long Term Liabilities(Million)
-
-
-
-
Cash And Cash Equivalents(Million)
177.6282
216.839
372.1046
43.0429
Accounts Receivables(Million)
50.2058
52.1124
35.6247
26.532
Deposit Received(Million)
40.8643
29.2395
19.0128
20.9194
Other Receivables(Million)
2.5283
2.2871
3.0209
6.791
Bad Debt Reserve(Million)
-
-
-
-
Shareholder's Equity/Owner's Equity(Million)
870.3714
802.1995
749.9348
143.4005
Debt ratio(%)
30.50
32.46
13.30
58.70
Equity Ratio(%)
69.4900
67.5300
86.6900
41.2900
Current Ratio
1.8852
2.0675
6.2004
1.1185
Quick Ratio
1.0281
1.0160
4.4558
0.4165

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)
485.0269
668.3606
409.2487
381.3071
Net Cash Flow From Operatings Activities(Million)
77.9703
-21.049
-50.7675
0.2167
Net Cash Flow From Operatings Activities Change(%)
126.09
-58.54
-23525.13
-99.83
Net Cash Flow(Million)
-39.2108
-155.2656
329.0616
18.7012
Cash From Selling Commodities/Prime Revenue(%)
115.96
112.32
110.47
118.62
Net Cash Flow/Net Profit(%)
-52.86
-220.97
612.30
43.54
Cash Flow From Investing Activities(Million)
-178.5206
-271.4746
-88.5074
-18.4403
Cash Flow From Financing Activities(Million)
61.3395
137.258
468.3365
36.9248

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)
418.2613
595.0748
370.4461
321.4526
Prime Operating Profit(Million)
-
-
-
-
Operating Costs(Million)
12.4762
16.368
11.7006
7.1816
Administrative Costs(Million)
14.4089
21.3104
17.6942
14.939
Financing Costs(Million)
5.0889
-0.0538
4.2152
6.2478
Above Three Costs Change(%)
33.29
11.94
18.48
0.13
Operating Profit(Million)
65.4959
80.0531
54.958
42.6216
Income From Investment(Million)
-
-
-
-
Government Subsidies(Million)
-
-
-
-
Net Non-Operating Income And Expense(Million)
19.728
2.2262
8.4528
8.9926
Total Profit(Million)
85.2239
82.2793
63.4107
51.6142
Corporate Income Tax(Million)
11.0521
12.0145
9.6692
8.6596
Net Profit(Million)
74.1719
70.2648
53.7415
42.9546
Gross Profit Ratio(%)
23.75
20.51
24.87
22.83
Operating Margin(%)
15.65
13.45
14.83
13.25
Return On Equity(ROE)(%)
8.52
8.76
7.17
29.95

Announcements for Yantai Shuangta Food Co., Ltd

Date: 2012-09-19
Title: EGM-SPOT
The Company will hold the 3rd Extraordinary General Meeting of 2012 at 09:00 on 12 October 2012.

Meeting agenda:
1. The plan for the shareholders' return for the next three years(2012-2014)
2. The profit distribution management system
3. By-election of Lin Qiong as independent director candidate
4. By-election of Jiang Guojian as independent director candidate
5. Director Yang Dongmin to resign as director and by-election of Liu Shuxian as non-independent director
6. Change of the Company's business scope
7. 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 October 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 10 October 2012 to 11 October 2012
Date: 2012-06-26
Title: EGM RESOLUTION
The Company held its 2nd Extraordinary General Meeting of 2012 on 22 June 2012, during which the following proposal(s) was/were approved:
1. Adjustment to the investment quota and completion time for projects invested with raised proceeds
2. Use of excessive raised funds to replenish the fund gap
3. Change in the nature of the Company
4. Change of the Company's registered capital
5. Amendments to the Company's articles of association.
Date: 2012-06-07
Title: EGM-SPOT
The Company will hold the 2nd Extraordinary General Meeting of 2012 at 09:00 on 22 June 2012.

Meeting agenda:
1. Adjustment to the investment quota and completion time for projects invested with raised proceeds
2. Use of excessive raised funds to replenish the fund gap
3. Change in the nature of the Company
4. Change of the Company's registered capital
5. Amendments to the Company's articles of association

Meeting attendees:
1. A-share holders registered at CSDCC Shenzhen after the close of trading on 19 June 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: 21 June 2012
Date: 2012-05-04
Title: DIVIDEND IMPLEMENTATION (CASH AND BONUS ISSUE)
2011 final distribution plan to be implemented (A shares):

1. Cash dividend/10 shares (tax included): CNY0.50000000
2. Bonus issue from profit (share/10 shares): none
3. Bonus issue from capital reserve (share/10 shares): 8.0000


Record date: 10 May 2012
Ex-date: 11 May 2012
Payment date: 11 May 2012
Listing date of the bonus issues: 11 May 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: CNY0.05000000(10 percent x CNY0.50000000)
Net cash dividend/10 shares after tax: CNY0.45000000(CNY0.50000000- CNY0.05000000)
Date: 2012-03-21
Title: FINAL DIVIDEND
The Company issued its 2011 annual report on 21 March 2012.

The profit distribution proposal for 2011:
1. Cash dividend/10 shares (tax included): CNY0.50000000
2. Bonus issue from profit (share/10 shares):none
3. Bonus issue from capital reserve (share/10 shares):8.0000.
Date: 2012-03-21
Title: AGM-SPOT
The Company will hold the 2011 Annual General Meeting at 09:00 on 13 April 2012.

Meeting agenda:
1. 2011 annual report and its summary
2. 2011 work report of the board of directors
3. 2011 work report of the supervisory committee
4. 2011 financial resolution report
5. 2011 internal control self evaluation report
6. 2011 special report on the deposit and use of raised funds
7. Appointment of 2012 audit firm
8. 2011 profit distribution plan
9. Adjustment to the plan of projects invested with raised funds
The detailed profit distribution plan are as follows:
1) Cash dividend/10 shares (tax included): CNY0.50000000
2) Bonus issue from profit (share/10 shares): none
3) Bonus issue from capital reserve (share/10 shares): 8.0000

Meeting attendees:
1. A-share holders registered at CSDCC Shenzhen after the close of trading on 10 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: 12 April 2012
Date: 2011-12-29
Title: EGM-SPOT
The Company will hold the 1st Extraordinary General Meeting of 2012 at 09:00 on 13 January 2012.

Meeting agenda:
1. Change of 2011 audit firm
2. Management system on the work of reception of special targets
3. Controlled subsidiary management system
4. Risk investment management system
5. Management system on submission and use of external information
6. Amendments to the articles of association

Meeting attendees:
1. A-share holders registered at CSDCC Shenzhen after the close of trading on 10 January 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: 12 January 2012
Date: 2011-09-16
Title: RESTRICTED SHARE LISTING
The Company's 28190000 restricted A-shares will be listed on the Shenzhen Stock Exchange as of 21 September 2011.
Date: 2011-08-03
Title: EGM-SPOT
The Company will hold the 2ND EGM OF 2011 at 09:00 on 19 August 2011.

Meeting agenda:
1. Amendments to the business scope
2. Amendments to the articles of association

Meeting attendees:
1. A-share holders registered at CSDCC Shenzhen after the close of trading on 16 August 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: 18 August 2011
Date: 2011-05-31
Title: EGM RESOLUTION
THE CO HELD ITS 1ST EGM OF 2011 ON 30MAY11, DURING WHICH THE FOLLOWING PROPOSAL(S) WAS/WERE APPROVED:
1. NOMINATION OF NON-INDEPENDENT DIRECTOR CANDIDATES INCLUDING MR. YANG JUNMIN, MR. LI YULIN, MR. ZHANG DAIMIN, MS. SUI JUNMEI, MR. YANG DONGMIN, MR. SHAO WANBIN
2. NOMINATION OF INDEPENDENT DIRECTOR CANDIDATES INCLUDING MR. ZHAO XUEWEI, MR. WANG SHENGJUN, MR. ZHANG JUN
3. NOMINATION OF NON EMPLOYEE REPRESENTATIVE SUPERVISOR CANDIDATES INCLUDING MS. WANG MEIRONG, MS. MA JUPING
4. CHANGE OF THE COMPANY'S REGISTERED CAPITAL AND AMENDMENTS TO THE COMPANY'S ARTICLES OF ASSOCIATION
5. MANDATE FOR POWER LIMIT OF LOAN EXAMINATION AND APPROVAL