Yantai Valiant Fine Chemicals Co., Ltd.



Quote for Yantai Valiant Fine Chemicals Co., Ltd.

Last Trade:
-
Change:
--
Symbol/Code:
002643
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+8002643 quote

Summary for Yantai Valiant Fine Chemicals Co., Ltd.

Yantai Valiant Fine Chemicals Co., Ltd. is principally engaged in the development, manufacture and sale of liquid crystal materials, pharmaceutical intermediates and optical electronic chemicals. The Company primarily provides liquid crystal materials, including liquid crystal monomers and liquid crystal intermediates, such as alkene series, biphenyl series, cyclohexylbenzene series, methyl series, negative liquid crystal materials, phenol series, cyclohexanon series, benzoicacid series and aryl halide series. Its products are applied principally in the manufacture of liquid crystal display (LCD) panels. The Company distributes its products in domestic and overseas markets. Through the subsidiaries, the Company is engaged in the research, development, manufacture and sale of primary liquid crystal intermediates.

Profile for Yantai Valiant Fine Chemicals Co., Ltd.

Full Name:Yantai Valiant Fine Chemicals Co., Ltd.
Full Name in Chinese:烟台万润精细化工股份有限公司 Short Name in Chinese:烟台万润
Symbol/Stock Code:
002643
Listed in:
Shenzhen Stock Exchange
Issued Capital
-
Negotiable Capital:
-
Chairman:
Zhao Fengqi
Secretary of the Board:
Wang Huanjie
Phone:
+86-535-6101017
Fax:
+86-535-6101018
Official Website:www.valiant-cn.com
E-mail:wanrun@valiant-cn.com
Address:No. 11,Economic and Technological Dev,YANTAI SDG 264006
IPO Subscription Date:
2011-12-12
Listing Date:
2011-12-20
IPO Issued Capital:
34460000
IPO Price:
25 CNY
IPO fees:
57189600 CNY
Money Raised by IPO:
861500000 CNY
IPO Par Value:
1.00 CNY
Net Money Raised:
804310400 CNY
Open(Listing day):
27.00 CNY
Close(Listing day):
25.10 CNY
Diluted P/E ratio after IPO:
34.6200
Turnover rate(listing day):
70.08%

Financials for Yantai Valiant Fine Chemicals Co., Ltd.

UPDATE:2012-10-23 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)
81.7383
120.2411
99.8024
63.3993
Net Profit Growth(%)
-19.90
20.47
57.41
-32.28
Return On Equity(ROE)(%)
6.72
9.99
31.52
23.35
Debt ratio(%)
8.57
23.83
54.21
52.44
Net Operating Cash Flow/Net Profit(%)
78.06
157.25
156.38
149.38

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)
0.5900
1.1600
0.9700
0.6100
Diluted Earnings Per Share
0.0000
1.0800
0.9600
0.6100
Net Asset Value Per Share (NAVPS)
8.8300
8.7400
3.0600
2.6300
Additional Paid-In Capital Per Share
5.9032
5.9032
0.4231
0.4231
Retained Earnings Per Share
1.6319
1.5389
1.3619
1.0429
Net Cash Flow From Operatings Activities Per Share
0.4600
1.3700
1.5100
0.9200
Net Cash Flow Per Share
-3.1471
5.7892
-0.4832
0.5249

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)
1330.9649
1580.7307
691.4476
571.0247
Total Liabilities(Million)
114.0821
376.7056
374.8606
299.4931
Current Liabilities(Million)
102.1093
263.1847
272.1721
142.5231
Long Term Liabilities(Million)
-
-
-
-
Cash And Cash Equivalents(Million)
413.8314
847.5665
49.6951
99.6388
Accounts Receivables(Million)
93.9125
69.3296
56.8623
63.8101
Deposit Received(Million)
0.3972
0.0012
0.1928
0.0736
Other Receivables(Million)
7.5256
6.1518
3.4742
1.8469
Bad Debt Reserve(Million)
-
-
-
-
Shareholder's Equity/Owner's Equity(Million)
1216.8828
1204.0251
316.587
271.5317
Debt ratio(%)
8.57
23.83
54.21
52.44
Equity Ratio(%)
91.4200
76.1600
45.7800
47.5500
Current Ratio
7.5634
4.4140
1.2749
2.5841
Quick Ratio
5.2673
3.5610
0.4379
1.2079

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)
526.8865
838.3319
727.8077
370.2705
Net Cash Flow From Operatings Activities(Million)
63.8015
189.0792
156.0689
94.7049
Net Cash Flow From Operatings Activities Change(%)
-70.54
21.15
64.79
45.79
Net Cash Flow(Million)
-433.7351
797.8714
-49.9437
54.254
Cash From Selling Commodities/Prime Revenue(%)
97.69
102.22
99.47
91.45
Net Cash Flow/Net Profit(%)
-530.64
663.56
-50.04
85.57
Cash Flow From Investing Activities(Million)
-170.9679
-160.8392
-114.5856
-37.4548
Cash Flow From Financing Activities(Million)
-327.5279
771.86
-88.4999
-2.5562

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)
539.3607
820.0906
731.6628
404.8749
Prime Operating Profit(Million)
-
-
-
-
Operating Costs(Million)
10.8962
18.3377
10.1565
6.4595
Administrative Costs(Million)
78.101
102.1165
80.9058
49.0345
Financing Costs(Million)
-2.4389
15.7043
13.1566
14.83
Above Three Costs Change(%)
-22.61
30.65
48.20
-13.63
Operating Profit(Million)
89.6268
130.4127
113.6479
74.3319
Income From Investment(Million)
0.0977
1.8541
1.6184
0.5298
Government Subsidies(Million)
-
-
-
-
Net Non-Operating Income And Expense(Million)
5.9146
9.9835
0.2843
0.4218
Total Profit(Million)
95.5414
140.3962
113.9322
74.7538
Corporate Income Tax(Million)
13.8031
20.1551
14.1298
11.3544
Net Profit(Million)
81.7383
120.2411
99.8024
63.3993
Gross Profit Ratio(%)
34.15
35.22
31.82
38.46
Operating Margin(%)
16.61
15.90
15.53
18.35
Return On Equity(ROE)(%)
6.72
9.99
31.52
23.35

Announcements for Yantai Valiant Fine Chemicals Co., Ltd.

Date: 2012-10-24
Title: EGM-SPOT
The Company will hold the 3rd Extraordinary General Meeting of 2012 at 10:30 on 20 November 2012.

Meeting agenda:
1. Election of Hu Zhengming as director, accumulative voting system applicable
2. Election of Ma Hui as director, accumulative voting system applicable
3. Election of Du Le as supervisor


Meeting attendees:
1. A-share holders registered at CSDCC Shenzhen after the close of trading on 16 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 19 November 2012 to 19 November 2012
Date: 2012-08-10
Title: EGM RESOLUTION
The Company held its 2nd Extraordinary General Meeting of 2012 on 09 August 2012, during which the following proposal(s) was/were approved:
1. Amendments to the Company's rules of procedures governing the board meeting
2. Amendments to the Company's articles of association
3. Nomination of Mr Sun Tianmin as director
Date: 2012-07-16
Title: EGM-SPOT
The Company will hold the 2nd Extraordinary General Meeting of 2012 at 09:30 on 09 August 2012.

Meeting agenda:
1. Amendments to the Company's rules of procedures governing the board meeting
2. Amendments to the Company's articles of association
3. Nomination of Mr Sun Tianmin as director

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: 08 August 2012
Date: 2012-04-20
Title: DIVIDEND IMPLEMENTATION (CASH ONLY)
2011 final distribution plan to be implemented (A shares):

1. Cash dividend/10 shares (tax included): CNY5.00000000
2. Bonus issue from profit (share/10 shares): none
3. Bonus issue from capital reserve (share/10 shares): none


Record date: 26 April 2012
Ex-date: 27 April 2012
Payment date: 27 April 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: CNY0.50000000(10 percent x CNY5.00000000)
Net cash dividend/10 shares after tax: CNY4.50000000(CNY5.00000000- CNY0.50000000)
Date: 2012-03-16
Title: AGM RESOLUTION
The Company held its Annual General Meeting of 2011 on 15 March 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. 2012 financial budget report
6. 2011 profit distribution preplan
7. Re-appointment of 2012 audit firm
8. Special report on the deposit and use of raised funds in 2011
9. 2012 continuing connected transactions
The detailed profit distribution plan are as follows:
1) Cash dividend/10 shares (tax included): CNY5.00000000
2) Bonus issue from profit (share/10 shares): none
3) Bonus issue from capital reserve (share/10 shares): none.
Date: 2012-03-15
Title: PLACING SHARE LISTING
The Company's 6.8 million A-shares placed to the institutional investors through offline placement will reach the 3-month lock-up period and be listed on the Shenzhen Stock Exchange as of 20 March 2012.
Date: 2012-02-22
Title: FINAL DIVIDEND
The Company issued its 2011 annual report on 22 February 2012.

The profit distribution proposal for 2011:
1. Cash dividend/10 shares (tax included): CNY5.00000000
2. Bonus issue from profit (share/10 shares):none
3. Bonus issue from capital reserve (share/10 shares):none.
Date: 2012-02-22
Title: AGM-SPOT
The Company will hold the 2011 Annual General Meeting at 09:30 on 15 March 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. 2012 financial budget report
6. 2011 profit distribution preplan
7. Re-appointment of 2012 audit firm
8. Special report on the deposit and use of raised funds in 2011
9. 2012 continuing connected transactions
The detailed profit distribution plan are as follows:
1) Cash dividend/10 shares (tax included): CNY5.00000000
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 09 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: 13 March 2012
Date: 2012-02-09
Title: EGM RESOLUTION
The Company held its 1st Extraordinary General Meeting of 2012 on 08 February 2012, during which the following proposal(s) was/were approved:
1. Change of the Company's registered capital and paid-in capital
2. Amendments to the Company's articles of association(draft)
3. Use of partial excessive raised funds to repay bank loan and use of idle raised funds to temporarily replenish working capital.
Date: 2012-02-03
Title: EGM REMINDER
The Company will hold the 1st Extraordinary General Meeting of 2012 at 11:00 on 08 February 2012.

Meeting agenda:
1. Change of the Company's registered capital and paid-in capital
2. Amendments to the Company's articles of association(draft)
3. Use of partial excessive raised funds to repay bank loan and use of idle raised funds to temporarily replenish working capital

Meeting attendees:
1.A-share holders registered at CSDCC Shenzhen after the close of trading on 02 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: 07 February 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: 08 February 2012
Voting code:362643
Voting abbreviation:Yantai Valiant voting
Voting process:
1. To input the "buy" instruction to begin voting
2. To input the serial number of the Annual General 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 07 February 2012 to 08 February 2012.