Yonggao Co., Ltd.



Quote for Yonggao Co., Ltd.

Last Trade:
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Symbol/Code:
002641
Status:
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Stock Type:
A Share
Market Cap:
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Currency in CNY Time=UTC+8002641 quote

Summary for Yonggao Co., Ltd.

YONGGAO Co., LTD. is primarily engaged in the research, development, production and distribution of plastic pipelines. The Company mainly provides polyvinyl chloride-unplasticized (PVC-U), polyethylene (PE), pentatricopeptide repeat (PPR), polyvinyl chloride-chlorinated (PVC-C) and acrylonitrile butadiene styrene (ABS) pipe materials and components. The Company's products are mainly used in building cold hot water supplying, building dewatering, outdoor dewatering, pollution discharging, cable protection and floor heating, among others. During the year ended December 31, 2010, the Company produced approximately 173,700 tons of plastic pipeline products. The Company distributes its products in both domestic and overseas markets.

Profile for Yonggao Co., Ltd.

Full Name:Yonggao Co., Ltd.
Full Name in Chinese:永高股份有限公司 Short Name in Chinese:永高股份
Symbol/Stock Code:
002641
Listed in:
Shenzhen Stock Exchange
Issued Capital
-
Negotiable Capital:
-
Chairman:
Zhang Jianjun
Secretary of the Board:
Zhao Yiguo
Phone:
+86-576-84277186
Fax:
+86-576-84277383
Official Website:www.yonggao.com
E-mail:zqb@yonggao.com
Address:No.2 Daixi Road,Huangyan Economic Development Zo,TAIZHOU ZHJ 318020
IPO Subscription Date:
2011-11-30
Listing Date:
2011-12-08
IPO Issued Capital:
50000000
IPO Price:
18 CNY
IPO fees:
41324100 CNY
Money Raised by IPO:
900000000 CNY
IPO Par Value:
1.00 CNY
Net Money Raised:
858675900 CNY
Open(Listing day):
18.05 CNY
Close(Listing day):
18.62 CNY
Diluted P/E ratio after IPO:
23.0800
Turnover rate(listing day):
70.54%

Financials for Yonggao 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)
181.6795
170.621
160.7205
152.1593
Net Profit Growth(%)
48.06
6.16
5.62
114.16
Return On Equity(ROE)(%)
10.47
10.83
29.44
30.70
Debt ratio(%)
30.39
33.07
57.19
49.57
Net Operating Cash Flow/Net Profit(%)
116.94
77.46
194.26
79.97

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)
0.9100
1.1400
1.2900
1.5200
Diluted Earnings Per Share
0.0000
1.0500
1.2500
1.0800
Net Asset Value Per Share (NAVPS)
8.6700
7.8800
3.6400
4.9600
Additional Paid-In Capital Per Share
4.4028
4.4028
0.4793
1.5164
Retained Earnings Per Share
3.0015
2.2031
1.9013
2.1847
Net Cash Flow From Operatings Activities Per Share
1.0600
0.6600
2.0800
1.2200
Net Cash Flow Per Share
-0.4401
4.1485
0.3760
0.5132

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)
2492.7594
2353.7175
1275.4074
984.0919
Total Liabilities(Million)
757.7841
778.4217
729.4087
487.8775
Current Liabilities(Million)
696.5242
709.555
642.5294
447.8775
Long Term Liabilities(Million)
-
-
-
-
Cash And Cash Equivalents(Million)
1002.7609
1090.3708
263.8252
175.2372
Accounts Receivables(Million)
187.4547
129.0412
66.0642
68.9267
Deposit Received(Million)
86.413
44.1205
52.8737
32.8572
Other Receivables(Million)
21.9294
9.2962
7.4045
48.1509
Bad Debt Reserve(Million)
-
-
-
-
Shareholder's Equity/Owner's Equity(Million)
1734.9752
1575.2958
545.9988
495.6332
Debt ratio(%)
30.39
33.07
57.19
49.57
Equity Ratio(%)
69.6000
66.9200
42.8000
50.3600
Current Ratio
2.4573
2.2806
0.9848
1.1500
Quick Ratio
1.9495
1.8276
0.6108
0.7934

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)
2065.5028
2475.6873
2058.317
1705.5953
Net Cash Flow From Operatings Activities(Million)
212.4499
132.1666
312.2187
121.6866
Net Cash Flow From Operatings Activities Change(%)
649.46
-57.67
156.58
-40.27
Net Cash Flow(Million)
-88.0106
829.6973
56.3926
51.3207
Cash From Selling Commodities/Prime Revenue(%)
113.61
106.51
113.46
111.88
Net Cash Flow/Net Profit(%)
-48.44
486.28
35.09
33.73
Cash Flow From Investing Activities(Million)
-151.6774
-121.1309
-246.9183
-90.1074
Cash Flow From Financing Activities(Million)
-148.8511
818.4959
-8.5461
19.7563

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)
1818.0399
2324.449
1814.1637
1524.4701
Prime Operating Profit(Million)
-
-
-
-
Operating Costs(Million)
98.3445
102.4115
72.3665
55.9634
Administrative Costs(Million)
142.318
145.9466
102.17
81.3854
Financing Costs(Million)
-6.6804
16.9129
11.3229
6.992
Above Three Costs Change(%)
29.52
42.73
28.76
7.10
Operating Profit(Million)
231.5058
189.3385
189.3919
195.0813
Income From Investment(Million)
-
-
0.281
-0.0133
Government Subsidies(Million)
-
-
-
-
Net Non-Operating Income And Expense(Million)
3.7467
14.7895
1.4779
1.5176
Total Profit(Million)
235.2525
204.128
190.8698
196.5989
Corporate Income Tax(Million)
53.573
33.507
30.1739
44.3198
Net Profit(Million)
181.6795
170.621
160.7205
152.1593
Gross Profit Ratio(%)
26.43
20.25
21.38
22.71
Operating Margin(%)
12.73
8.14
10.43
12.79
Return On Equity(ROE)(%)
10.47
10.83
29.44
30.70

Announcements for Yonggao Co., Ltd.

Date: 2012-07-03
Title: DIVIDEND IMPLEMENTATION (CASH ONLY)
2011 final distribution plan to be implemented (A shares):

1. Cash dividend/10 shares (tax included): CNY1.10000000
2. Bonus issue from profit (share/10 shares): none
3. Bonus issue from capital reserve (share/10 shares): none


Record date: 09 July 2012
Ex-date: 10 July 2012
Payment date: 10 July 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: CNY0.11000000(10 percent x CNY1.10000000)
Net cash dividend/10 shares after tax: CNY0.99000000(CNY1.10000000- CNY0.11000000)
Date: 2012-06-27
Title: AGM RESOLUTION
The Company held its Annual General Meeting of 2011 on 26 June 2012, during which the following proposal(s) was/were approved:
1. 2011 annual report and its summary
2. 2011 profit distribution plan
3. 2011 work report of the board of directors
4. 2011 work report of the supervisory committee
5. 2011 financial resolution report
6. 2011 remuneration plan for directors, supervisors
7. Resignation of Jiang Wenjun as independent director and election of Zhong Yongcheng as independent director
8. Remuneration management system for directors, supervisors and senior management
9. The rules of procedures for general meetings
10. The rules of procedures for the directors board
11. The rules of procedures for the supervisory committee
12. Work rules for independent directors
13. External investment management system
14. External guarantee management system
15. The connected transactions management system
The detailed profit distribution plan are as follows:
1) Cash dividend/10 shares (tax included): CNY1.10000000
2) Bonus issue from profit (share/10 shares): none
3) Bonus issue from capital reserve (share/10 shares): none.
Date: 2012-06-06
Title: AGM-SPOT
The Company will hold the 2011 Annual General Meeting at 09:30 on 26 June 2012.

Meeting agenda:
1. 2011 annual report and its summary
2. 2011 profit distribution plan
3. 2011 work report of the board of directors
4. 2011 work report of the supervisory committee
5. 2011 financial resolution report
6. 2011 remuneration plan for directors, supervisors
7. Resignation of Jiang Wenjun as independent director and election of Zhong Yongcheng as independent director
8. Remuneration management system for directors, supervisors and senior management
9. The rules of procedures for general meetings
10. The rules of procedures for the directors board
11. The rules of procedures for the supervisory committee
12. Work rules for independent directors
13. External investment management system
14. External guarantee management system
15. The connected transactions management system
The detailed profit distribution plan are as follows:
1) Cash dividend/10 shares (tax included): CNY1.10000000
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 21 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: 22 June 2012
Date: 2012-03-28
Title: FINAL DIVIDEND
The Company issued its 2011 annual report on 28 March 2012.

The profit distribution proposal for 2011:
1. Cash dividend/10 shares (tax included): CNY1.10000000
2. Bonus issue from profit (share/10 shares):none
3. Bonus issue from capital reserve (share/10 shares):none.
Date: 2012-03-05
Title: PLACING SHARE LISTING
The Company's 10 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 08 March 2012.
Date: 2012-02-21
Title: EGM RESOLUTION
The Company held its 1st Extraordinary General Meeting of 2012 on 18 February 2012, during which the following proposal(s) was/were approved:
1. Capital expansion in a wholly-owned subsidiary
2. Re-appointment of external audit firm
3. The raised funds management system.
Date: 2012-02-01
Title: EGM-SPOT
The Company will hold the 1st Extraordinary General Meeting of 2012 at 10:00 on 18 February 2012.

Meeting agenda:
1. Capital expansion in a wholly-owned subsidiary
2. Re-appointment of external audit firm
3. The raised funds management system

Meeting attendees:
1. A-share holders registered at CSDCC Shenzhen after the close of trading on 15 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: 17 February 2012
Date: 2011-12-07
Title: IPO SHARE LISTING
The Company issued a total of 50 million shares (code:002641) in its initial public offering. Of the shares,40 million shares will be listed on the Shenzhen Stock Exchange on 08 December 2011 while the remainder will become tradable three months later.
Date: 2011-11-29
Title: IPO-ONLINE SUBSCRIPTION
Yonggao Co., Ltd. has been approved by the China Securities Regulatory Commission (the CSRC) to issue 50.000000 million A-shares in its initial public offering.
1. Class: A shares
2. Stock code: 002641
3. Stock abbreviation: Yonggao
4. Issuing volume: 50.000000 million shares
5. Par value: CNY1.00 per share
6. Issuing mechanism: a book building process will be conducted with a combination of online public offering and offline placement.
7. Targeted listing bourse: Shenzhen Stock Exchange
8. Offline placement volume: 10.000000 million shares
9. Online offering volume: 40.000000 million shares
10. Price: CNY18.00 per share
11. Offline subscription period: 30 November 2011
12. Online subscription date: 30 November 2011.
Date: 2011-11-18
Title: IPO
Yonggao Co., Ltd. has been approved by the China Securities Regulatory Commission (the CSCR) to issue 50.0000 million A-shares in its initial public offering, which is structured as follows:
1.Class: A shares
2.Size: 50.0000 million shares
3.Par value: CNY1.00 per share
4.Issuing mechanism: a book building process will be conducted with a combination of online public offering and offline placement.
5.Targeted listing bourse: Shenzhen Stock Exchange
6.Offline placement volume: 10.0000 million shares
7.Online offering volume:40.0000 million shares
8.IPO price inquiry period: from 21 November 2011 to 25 November 2011
9.IPO price determined: 29 November 2011
10.Offline subscription date:30 November 2011
11.Online subscription date: 30 November 2011
12.Expected listing date:N/A.