Zhe Jiang Kangsheng Co.,Ltd



Quote for Zhe Jiang Kangsheng Co.,Ltd

Last Trade:
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Symbol/Code:
002418
Status:
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Stock Type:
A Share
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Currency in CNY Time=UTC+8002418 quote

Summary for Zhe Jiang Kangsheng Co.,Ltd

ZHE JIANG KANGSHENG CO., LTD. is principally engaged in the manufacture and distribution of air cooling and refrigeration pipes, as well as related products. The Company operates its businesses primarily through the processing and distribution of spiral line steel pipes, precision copper pipes, steel pipes, aluminum pipes, cold-rolled steel strips, copper strips and metal accessories for refrigeration equipment. The Company provides air cooling and refrigeration pipes, steel accessories, refrigeration aluminum pipes and aluminum accessories. It distributes its products in domestic and overseas markets.

Profile for Zhe Jiang Kangsheng Co.,Ltd

Full Name:Zhe Jiang Kangsheng Co.,Ltd
Full Name in Chinese:浙江康盛股份有限公司 Short Name in Chinese:康盛股份
Symbol/Stock Code:
002418
Listed in:
Shanghai Stock Exchange
Issued Capital
-
Negotiable Capital:
-
Chairman:
Chen Hankang
Secretary of the Board:
Phone:
+86-571-64837208
Fax:
+86-571-64836560
Official Website:www.kasun.cn
E-mail:ksgf@kasun.cn
Address:No. 268, Kangsheng Road,Qiandaohu Town, Chun’an County,Hangzhou ZHJ 311700
IPO Subscription Date:
2010-05-19
Listing Date:
2010-06-01
IPO Issued Capital:
36000000
IPO Price:
19.98 CNY
IPO fees:
59055300 CNY
Money Raised by IPO:
719280000 CNY
IPO Par Value:
1.00 CNY
Net Money Raised:
660224700 CNY
Open(Listing day):
19.00 CNY
Close(Listing day):
18.86 CNY
Diluted P/E ratio after IPO:
46.5700
Turnover rate(listing day):
24.55%

Financials for Zhe Jiang Kangsheng 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)
65.1016
78.3625
75.8092
68.8305
Net Profit Growth(%)
1.94
3.36
10.13
62.30
Return On Equity(ROE)(%)
5.63
7.01
7.15
21.07
Debt ratio(%)
44.95
40.08
33.40
54.01
Net Operating Cash Flow/Net Profit(%)
-223.14
0.87
-298.96
149.96

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)
0.2800
0.3400
0.3700
0.6500
Diluted Earnings Per Share
0.0000
0.1700
0.3100
0.5700
Net Asset Value Per Share (NAVPS)
5.0600
4.8800
7.4200
3.0500
Additional Paid-In Capital Per Share
2.5073
2.5185
4.6296
0.3727
Retained Earnings Per Share
1.4737
1.2891
1.6920
1.5985
Net Cash Flow From Operatings Activities Per Share
-0.6300
0.0030
-1.5800
0.9600
Net Cash Flow Per Share
-0.6207
-0.8132
1.6873
0.7124

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)
2110.0016
1875.8735
1595.3885
706.6743
Total Liabilities(Million)
948.582
751.9313
532.9358
384.1472
Current Liabilities(Million)
744.7533
751.9313
532.8278
318.9852
Long Term Liabilities(Million)
-
-
-
-
Cash And Cash Equivalents(Million)
67.1494
220.6634
415.9215
165.421
Accounts Receivables(Million)
359.6011
193.0003
195.3343
117.5268
Deposit Received(Million)
5.2852
4.047
3.325
15.0558
Other Receivables(Million)
4.4607
4.2082
4.1808
3.1759
Bad Debt Reserve(Million)
-
-
-
-
Shareholder's Equity/Owner's Equity(Million)
1157.1907
1117.543
1060.6306
326.6632
Debt ratio(%)
44.95
40.08
33.40
54.01
Equity Ratio(%)
54.8400
59.5700
66.4800
45.9000
Current Ratio
1.4096
1.2324
1.9269
1.3232
Quick Ratio
1.0713
0.9131
1.4330
1.0524

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)
705.1865
563.0005
730.7793
660.782
Net Cash Flow From Operatings Activities(Million)
-145.2664
0.68
-226.6384
103.2151
Net Cash Flow From Operatings Activities Change(%)
-42.47
-100.30
-319.58
54.36
Net Cash Flow(Million)
-142.014
-186.0581
241.279
76.2317
Cash From Selling Commodities/Prime Revenue(%)
70.44
49.60
66.25
91.92
Net Cash Flow/Net Profit(%)
-218.14
-237.43
318.27
110.75
Cash Flow From Investing Activities(Million)
-145.253
-360.7859
-285.3802
-50.7083
Cash Flow From Financing Activities(Million)
148.7195
175.1486
754.2371
23.9409

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)
1001.1223
1135.0722
1103.0191
718.8376
Prime Operating Profit(Million)
-
-
-
-
Operating Costs(Million)
38.6367
49.566
46.7623
35.1196
Administrative Costs(Million)
58.9706
66.6868
64.0635
48.6804
Financing Costs(Million)
33.8643
38.7083
22.4109
17.6293
Above Three Costs Change(%)
16.09
16.31
31.36
4.31
Operating Profit(Million)
63.3111
42.3373
70.8529
70.6009
Income From Investment(Million)
2.1694
1.7788
0.0075
0.006
Government Subsidies(Million)
-
-
-
-
Net Non-Operating Income And Expense(Million)
8.923
49.882
19.3157
12.2777
Total Profit(Million)
72.2341
92.2194
90.1685
82.8786
Corporate Income Tax(Million)
7.1767
13.8598
14.2864
13.8547
Net Profit(Million)
65.1016
78.3625
75.8092
68.8305
Gross Profit Ratio(%)
20.49
17.83
19.48
24.71
Operating Margin(%)
6.32
3.72
6.42
9.82
Return On Equity(ROE)(%)
5.63
7.01
7.15
21.07

Announcements for Zhe Jiang Kangsheng Co.,Ltd

Date: 2012-08-09
Title: EGM RESOLUTION
The Company held its 1st Extraordinary General Meeting of 2012 on 08 August 2012, during which the following proposal(s) was/were approved:
1. Amendments to the Company's articles of association
Date: 2012-08-03
Title: EGM REMINDER
The Company will hold the 1st Extraordinary General Meeting of 2012 at 14:00 on 08 August 2012.

Meeting agenda:
1. Amendments to the Company's articles of association


Meeting attendees:
1. A-share holders registered at CSDCC Shenzhen after the close of trading on 02 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: 06 August 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 August 2012
Voting code:362418
Voting abbreviation:Kangsheng 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 August 2012 to 08 August 2012.
Date: 2012-07-24
Title: EGM-ONLINE
The Company will hold the 1st Extraordinary General Meeting of 2012 at 14:00 on 08 August 2012.

Meeting agenda:
1 Amendments to the Company's articles of association


Meeting attendees:
1.A-share holders registered at CSDCC Shenzhen after the close of trading on 02 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: 06 August 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 August 2012
Voting code:362418
Voting abbreviation:Kangsheng voting
Voting process:
1.To input the "buy" instruction to begin voting
2.To input the serial number of the Investors 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 August 2012 to 08 August 2012.
Date: 2012-06-14
Title: DIVIDEND IMPLEMENTATION (CASH ONLY)
2011 final distribution plan to be implemented (A shares):

1. Cash dividend/10 shares (tax included): CNY1.00000000
2. Bonus issue from profit (share/10 shares): none
3. Bonus issue from capital reserve (share/10 shares): none


Record date: 21 June 2012
Ex-date: 25 June 2012
Payment date: 25 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: CNY0.10000000(10 percent x CNY1.00000000)
Net cash dividend/10 shares after tax: CNY0.90000000(CNY1.00000000- CNY0.10000000)
Date: 2012-05-04
Title: AGM RESOLUTION
The Company held its Annual General Meeting of 2011 on 03 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 financial resolution report and 2012 financial budget report
4. 2011 annual report and its summary
5. 2011 profit distribution plan
6. Amendments to the Company's articles of association
7. Investment planning for the Anhui Liu'an industrial park
8. Reappointment of audit firm
9. Bank loans and mandate
10. By-election of directors
11. Amendments to the Company's rules of procedures governing meetings of the supervisory committee
The detailed profit distribution plan are as follows:
1) Cash dividend/10 shares (tax included): CNY1.00000000
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): CNY1.00000000
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 10:00 on 03 May 2012.

Meeting agenda:
1. 2011 work report of the board of directors
2. 2011 work report of the supervisory committee
3. 2011 financial resolution report and 2012 financial budget report
4. 2011 annual report and its summary
5. 2011 profit distribution plan
6. Amendments to the Company's articles of association
7. Investment planning for the Anhui Liu'an industrial park
8. Reappointment of audit firm
9. Bank loans and mandate
10. By-election of directors
11. Amendments to the Company's rules of procedures governing meetings of the supervisory committee
The detailed profit distribution plan are as follows:
1) Cash dividend/10 shares (tax included): CNY1.00000000
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 27 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: 02 May 2012
Date: 2011-10-21
Title: EGM RESOLUTION
The Company held its 2nd Extraordinary General Meeting of 2011 on 20 October 2011, during which the following proposal(s) was/were approved:
1. The Company's eligibility for issue of corporate bonds
2. Issue of corporate bonds
3. Authorization to the board to handle matters in relation to the issue of bonds and its listing
4. Authorization to the board to adopt repayment guarantee measures under other conditions.
Date: 2011-09-30
Title: EGM-ONLINE
The Company will hold the 2nd Extraordinary General Meeting of 2011 at 14:00 on 20 October 2011.

Meeting agenda:
1. The Company's eligibility for issue of corporate bonds
2. Issue of corporate bonds
3. Authorization to the board to handle matters in relation to the issue of bonds and its listing
4. Authorization to the board to adopt repayment guarantee measures under other conditions

Meeting attendees:
1.A-share holders registered at CSDCC Shenzhen after the close of trading on 13 October 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 October 2011

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: 20 October 2011
Voting code:362418
Voting abbreviation:Kangsheng voting
Voting process:
1.To input the "buy" instruction to begin voting
2.To input the serial number of the Investors 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 19 October 2011 to 20 October 2011.
Date: 2011-06-08
Title: EGM RESOLUTION
THE CO HELD ITS 1ST EGM OF 2011 ON 07JUN11, DURING WHICH THE FOLLOWING PROPOSAL(S) WAS/WERE APPROVED:
1. TO CONTINUE TO REPLENISH WORKING CAPITAL WITH PARTIAL IDLE RAISED PROCEEDS