Zhejiang Busen Garmernts Co., Ltd.



Quote for Zhejiang Busen Garmernts Co., Ltd.

Last Trade:
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Symbol/Code:
002569
Status:
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Stock Type:
A Share
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Currency in CNY Time=UTC+8002569 quote

Summary for Zhejiang Busen Garmernts Co., Ltd.

ZHEJIANG BUSEN GARMENTS CO., LTD. is principally engaged in the design, production and distribution of men's apparels. The Company provides its products under the brand named BUSEN, including leisure suits, jackets, jeans, leisure shirts, T-shirts, knitted garments, business shirts, leisure pants, classic suits, classic shirts and classic pants. As of December 31, 2009, the Company had 43 chartered distributors, with 679 regular chain stores in China. It distributes its products in domestic and overseas markets.

Profile for Zhejiang Busen Garmernts Co., Ltd.

Full Name:Zhejiang Busen Garmernts Co., Ltd.
Full Name in Chinese:浙江步森服饰股份有限公司 Short Name in Chinese:步森股份
Symbol/Stock Code:
002569
Listed in:
Shenzhen Stock Exchange
Issued Capital
-
Negotiable Capital:
-
Chairman:
Wang Jianjun
Secretary of the Board:
Shou Helei
Phone:
+86-575-87047953
Fax:
+86-575-87047759
Official Website:www.busen.com.cn
E-mail:bsgf@busen-group.com
Address:No. 419, Busen Avenue,Fengqiao Town, Zhuji City,Shaoxing
IPO Subscription Date:
2011-03-30
Listing Date:
2011-04-12
IPO Issued Capital:
23340000
IPO Price:
16.88 CNY
IPO fees:
33157300 CNY
Money Raised by IPO:
393979200 CNY
IPO Par Value:
1.00 CNY
Net Money Raised:
360821900 CNY
Open(Listing day):
20.88 CNY
Close(Listing day):
27.49 CNY
Diluted P/E ratio after IPO:
37.8100
Turnover rate(listing day):
91.57%

Financials for Zhejiang Busen Garmernts Co., Ltd.

UPDATE:2012-10-28 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)
33.1152
52.8336
42.1582
32.6649
Net Profit Growth(%)
6.68
25.32
29.06
18.11
Return On Equity(ROE)(%)
5.47
9.08
20.48
19.96
Debt ratio(%)
35.05
32.67
54.12
55.92
Net Operating Cash Flow/Net Profit(%)
-407.39
-69.54
90.10
260.55

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)
0.3500
0.6200
0.6000
0.4700
Diluted Earnings Per Share
0.0000
0.5700
0.6000
0.4500
Net Asset Value Per Share (NAVPS)
6.4900
6.2400
2.9400
2.3400
Additional Paid-In Capital Per Share
3.6156
3.6156
0.0000
0.0000
Retained Earnings Per Share
1.6624
1.4077
1.7262
1.1842
Net Cash Flow From Operatings Activities Per Share
-1.4500
-0.3900
0.5400
1.2200
Net Cash Flow Per Share
-1.4493
2.6829
0.3304
0.5568

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)
932.9936
864.75
448.7225
371.3752
Total Liabilities(Million)
327.0452
282.5828
242.8749
207.6858
Current Liabilities(Million)
327.0452
282.5828
242.8255
206.6964
Long Term Liabilities(Million)
-
-
-
-
Cash And Cash Equivalents(Million)
280.2459
397.2046
147.9111
121.707
Accounts Receivables(Million)
177.5693
127.1047
75.7846
80.4661
Deposit Received(Million)
14.7534
20.6474
20.6821
15.0841
Other Receivables(Million)
8.7459
5.0319
1.3141
0.6446
Bad Debt Reserve(Million)
-
-
-
-
Shareholder's Equity/Owner's Equity(Million)
605.9483
582.1671
205.8476
163.6894
Debt ratio(%)
35.05
32.67
54.12
55.92
Equity Ratio(%)
64.9400
67.3200
45.8700
44.0700
Current Ratio
2.3844
2.6452
1.4198
1.3802
Quick Ratio
1.6565
2.1081
1.0476
1.0378

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)
504.3205
755.0695
581.4214
522.2236
Net Cash Flow From Operatings Activities(Million)
-134.9093
-36.7416
37.9832
85.1075
Net Cash Flow From Operatings Activities Change(%)
-0.20
-196.73
-55.37
102.96
Net Cash Flow(Million)
-135.2783
250.423
23.1252
38.9737
Cash From Selling Commodities/Prime Revenue(%)
102.78
105.66
108.20
112.59
Net Cash Flow/Net Profit(%)
-408.51
473.98
54.85
119.31
Cash Flow From Investing Activities(Million)
-49.2155
-66.8957
-20.4951
-17.0834
Cash Flow From Financing Activities(Million)
48.8464
354.0603
5.6371
-29.0503

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)
490.6915
714.6187
537.3714
463.8254
Prime Operating Profit(Million)
-
-
-
-
Operating Costs(Million)
78.6257
86.0149
51.1672
47.4092
Administrative Costs(Million)
40.0486
48.3574
34.0232
26.1235
Financing Costs(Million)
3.0298
1.062
3.3769
3.4371
Above Three Costs Change(%)
29.20
52.92
15.07
13.76
Operating Profit(Million)
49.5216
70.5744
55.6125
41.9562
Income From Investment(Million)
-
-
-
-
Government Subsidies(Million)
-
-
-
-
Net Non-Operating Income And Expense(Million)
-0.3614
0.7655
0.1027
1.0337
Total Profit(Million)
49.1602
71.3399
55.7151
42.9899
Corporate Income Tax(Million)
16.045
18.5063
13.5569
10.3251
Net Profit(Million)
33.1152
52.8336
42.1582
32.6649
Gross Profit Ratio(%)
36.68
30.55
27.86
26.80
Operating Margin(%)
10.09
9.87
10.34
9.04
Return On Equity(ROE)(%)
5.47
9.08
20.48
19.96

Announcements for Zhejiang Busen Garmernts Co., Ltd.

Date: 2012-09-13
Title: EGM RESOLUTION
The Company held its 1st Extraordinary General Meeting of 2012 on 12 September 2012, during which the following proposal(s) was/were approved:
1. Amendments to the Company's articles of association
2. The Company's shareholder return plan for the next three years from 2012 to 2014
Date: 2012-05-31
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: 05 June 2012
Ex-date: 06 June 2012
Payment date: 06 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: 2012-05-17
Title: AGM RESOLUTION
The Company held its Annual General Meeting of 2011 on 16 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
4. 2011 profit distribution plan
5. 2011 special report on the deposit and use of raised funds
6. 2011 annual report and its summary
7. Reappointment of audit firm
8. Application for comprehensive credit line to banks
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: 2012-04-25
Title: FINAL DIVIDEND
The Company issued its 2011 annual report on 25 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: 2012-04-25
Title: AGM-SPOT
The Company will hold the 2011 Annual General Meeting at 10:30 on 16 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
4. 2011 profit distribution plan
5. 2011 special report on the deposit and use of raised funds
6. 2011 annual report and its summary
7. Reappointment of audit firm
8. Application for comprehensive credit line to banks
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 11 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: 14 May 2012
Date: 2012-04-10
Title: RESTRICTED SHARE LISTING
Among the Company's 6370000 restricted shares to be unlocked on 12 April 2012, 5950000 of them will be tradable on the Shenzhen Stock Exchange on that day.
Date: 2011-09-14
Title: DIVIDEND IMPLEMENTATION (CASH ONLY)
2011 interim distribution plan to be implemented (A shares):

1. Cash dividend/10 shares (tax included): CNY4.00000000
2. Bonus issue from profit (share/10 shares): none
3. Bonus issue from capital reserve (share/10 shares): none


Record date: 19 September 2011
Ex-date: 20 September 2011
Payment date: 20 September 2011

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: CNY0.40000000(10 percent x CNY4.00000000)
Net cash dividend/10 shares after tax: CNY3.60000000(CNY4.00000000- CNY0.40000000)
Date: 2011-08-19
Title: INTERIM DIVIDEND
The Company issued its 2011 interim report on 19 August 2011.

The profit distribution proposal for 2011:
1. Cash dividend/10 shares (tax included): CNY4.00000000
2. Bonus issue from profit (share/10 shares):none
3. Bonus issue from capital reserve (share/10 shares):none.
Date: 2011-08-19
Title: EGM-SPOT
The Company will hold the 4TH EGM OF 2011 at 10:30 on 09 September 2011.

Meeting agenda:
1. 2011 interim profit distribution plan: 1) Cash dividend/10 shares (tax included): CNY4.0000 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 05 September 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: 07 September 2011
Date: 2011-07-27
Title: EGM RESOLUTION
THE CO HELD ITS 3RD EGM OF 2011 ON 26JUL11, DURING WHICH THE FOLLOWING PROPOSAL(S) WAS/WERE APPROVED:
1. ELECTION OF NON-INDEPENDENT DIRECTORS INCLUDING CHEN JIANFEI, WANG JIANJUN, MA LIWEI, WANG LING, WU YONGJIE AND CHEN ZHIJUN
2. ELECTION OF INDEPENDENT DIRECTORS INCLUDING JIANG HENGJIE, PAN YALAN AND ZHANG CHENG
3. ELECTION OF NON-EMPLOYEE REPRESENTATIVE SUPERVISORS INCLUDING YUAN HUAYUN AND YE HONGYING
4. ALLOWANCE FOR INDEPENDENT DIRECTORS