Zhejiang Dragon Pipe Manufacturing Co., Ltd.



Quote for Zhejiang Dragon Pipe Manufacturing Co., Ltd.

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Symbol/Code:
002619
Status:
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Stock Type:
A Share
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Currency in CNY Time=UTC+8002619 quote

Summary for Zhejiang Dragon Pipe Manufacturing Co., Ltd.

ZHEJIANG DRAGON PIPE MANUFACTURING CO., LTD. is principally engaged in the research, development, production and sale of concrete water pipes. The Company primarily provides prestressed concrete cylinder pipe (PCCP) series, prestressed concrete pipe (PCP) series, reinforced concrete pipe (RCP) series and self-stressed pipe series, among others. The Company's products are mainly used in water conservancy, municipal administration and industrial waterlines; power plant supplemental water pipe network; town water supplying, diversion and pollution discharge projects, as well as farmland irrigation and drainage projects. During the year ended December 31, 2010, the Company obtained approximately 74%, 15% and 10% of its total revenue from the sale of its PCCP products, PCP products and RCP products, respectively.

Profile for Zhejiang Dragon Pipe Manufacturing Co., Ltd.

Full Name:Zhejiang Dragon Pipe Manufacturing Co., Ltd.
Full Name in Chinese:浙江巨龙管业股份有限公司 Short Name in Chinese:巨龙管业
Symbol/Stock Code:
002619
Listed in:
Shenzhen Stock Exchange
Issued Capital
-
Negotiable Capital:
-
Chairman:
Lv Rengao
Secretary of the Board:
Zhang Zeyu
Phone:
+86-579-82200256
Fax:
+86-579-82201396
Official Website:www.zjjlgy.com
E-mail:zjjlgy@163.com
Address:Linjiang Industry Park Zone,Wucheng District,JINHUA ZHJ 321025
IPO Subscription Date:
2011-09-21
Listing Date:
2011-09-29
IPO Issued Capital:
23500000
IPO Price:
16.15 CNY
IPO fees:
38923600 CNY
Money Raised by IPO:
379525000 CNY
IPO Par Value:
1.00 CNY
Net Money Raised:
340601400 CNY
Open(Listing day):
15.50 CNY
Close(Listing day):
17.16 CNY
Diluted P/E ratio after IPO:
34.3600
Turnover rate(listing day):
76.13%

Financials for Zhejiang Dragon Pipe Manufacturing 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)
11.7426
50.7123
49.7912
40.8885
Net Profit Growth(%)
-50.88
1.84
21.77
226.14
Return On Equity(ROE)(%)
1.99
8.41
23.50
25.23
Debt ratio(%)
24.19
25.93
57.48
59.40
Net Operating Cash Flow/Net Profit(%)
-705.99
-61.15
75.99
176.33

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)
0.1000
0.6700
0.7100
0.6600
Diluted Earnings Per Share
0.0000
0.5600
0.6300
0.6400
Net Asset Value Per Share (NAVPS)
4.8700
6.4500
3.0300
2.3154
Additional Paid-In Capital Per Share
2.8631
4.0221
0.8423
0.8423
Retained Earnings Per Share
0.9077
1.3045
1.0778
0.4283
Net Cash Flow From Operatings Activities Per Share
-0.6800
-0.3300
0.5400
1.0300
Net Cash Flow Per Share
-1.1173
1.8126
-0.0098
0.4538

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)
795.8874
814.3933
498.3388
399.2653
Total Liabilities(Million)
192.5269
211.2109
286.4702
237.1879
Current Liabilities(Million)
191.7844
210.1447
245.9702
207.6879
Long Term Liabilities(Million)
-
-
-
-
Cash And Cash Equivalents(Million)
76.793
217.2493
38.7012
41.17
Accounts Receivables(Million)
240.5839
188.1453
119.8763
107.5477
Deposit Received(Million)
9.8896
3.9568
18.15
0.8574
Other Receivables(Million)
26.0281
13.2104
32.6145
15.8101
Bad Debt Reserve(Million)
-
-
-
-
Shareholder's Equity/Owner's Equity(Million)
591.5499
603.1824
211.8686
162.0774
Debt ratio(%)
24.19
25.93
57.48
59.40
Equity Ratio(%)
74.3200
74.0600
42.5100
40.5900
Current Ratio
2.5009
2.4730
0.9915
0.9713
Quick Ratio
1.9444
2.0604
0.7957
0.8159

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)
183.6829
316.3053
387.1592
287.0266
Net Cash Flow From Operatings Activities(Million)
-82.9012
-31.0103
37.8384
72.1004
Net Cash Flow From Operatings Activities Change(%)
22.60
-181.95
-47.52
110.27
Net Cash Flow(Million)
-135.8037
169.4779
-0.6889
31.7682
Cash From Selling Commodities/Prime Revenue(%)
102.68
91.63
120.66
107.82
Net Cash Flow/Net Profit(%)
-1156.51
334.19
-1.38
77.69
Cash Flow From Investing Activities(Million)
-14.7363
-72.5104
-70.5382
-27.1292
Cash Flow From Financing Activities(Million)
-38.1662
272.9986
32.0109
-13.203

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)
178.8892
345.1904
320.8616
266.2052
Prime Operating Profit(Million)
-
-
-
-
Operating Costs(Million)
14.3831
28.0773
33.7144
25.7904
Administrative Costs(Million)
23.7846
31.503
26.0589
22.5326
Financing Costs(Million)
4.4157
15.3336
12.2289
12.8607
Above Three Costs Change(%)
-11.55
4.04
17.68
38.41
Operating Profit(Million)
12.1829
49.4105
52.6659
48.6252
Income From Investment(Million)
0.164
-
-
0.1188
Government Subsidies(Million)
-
-
-
-
Net Non-Operating Income And Expense(Million)
2.5301
9.6387
6.4263
1.1757
Total Profit(Million)
14.713
59.0492
59.0922
49.8009
Corporate Income Tax(Million)
2.9959
8.3368
9.3009
8.9124
Net Profit(Million)
11.7426
50.7123
49.7912
40.8885
Gross Profit Ratio(%)
32.98
37.66
40.13
41.83
Operating Margin(%)
6.81
14.31
16.41
18.26
Return On Equity(ROE)(%)
1.99
8.41
23.50
25.23

Announcements for Zhejiang Dragon Pipe Manufacturing Co., Ltd.

Date: 2012-09-28
Title: RESTRICTED SHARE LISTING
Among the Company's 29854500 restricted shares to be unlocked on 08 October 2012, 21729500 of them will be tradable on the Shenzhen Stock Exchange on that day.
Date: 2012-09-04
Title: EGM RESOLUTION
The Company held its 2nd Extraordinary General Meeting of 2012 on 01 September 2012, during which the following proposal(s) was/were approved:
1. Election of Yu Gensen as supervisor, accumulative voting system applicable
2. Election of Chen Zuxing as supervisor, accumulative voting system applicable
3. Election of Liu Guoping as director
Date: 2012-08-17
Title: EGM-SPOT
The Company will hold the 2nd Extraordinary General Meeting of 2012 at 13:30 on 01 September 2012.

Meeting agenda:
1. Election of Yu Gensen as supervisor, accumulative voting system applicable
2. Election of Chen Zuxing as supervisor, accumulative voting system applicable
3. Election of Liu Guoping as director


Meeting attendees:
1. A-share holders registered at CSDCC Shenzhen after the close of trading on 27 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: from 29 August 2012 to 31 August 2012
Date: 2012-08-17
Title: EGM RESOLUTION
The Company held its 1st Extraordinary General Meeting of 2012 on 16 August 2012, during which the following proposal(s) was/were approved:
1. Re-election of directors
1.1. Election of Lv Rengao as non-independent director
1.2. Election of Lv Chengjie as non-independent director
1.3. Election of Tu Yechu as non-independent director
1.4. Election of Zhu Zhugen as non-independent director
1.5. Election of Zheng Liang as non-independent director
1.7. Election of Hao Yugui as independent director
1.8. Election of Fu Jianzheng as independent director
1.9. Election of Lu Jinghong as independent director
3. Determination of remuneration for directors
4. Amendments to the Company's articles of association
5. Formulation of profit distribution policy and plan on the shareholders' return for the next three years
6. Amendments to the Company's rules of procedures governing the board meeting
7. Amendments to management measures on financing and external guarantee
8. Formulation of management system of online voting in the general meeting of shareholders

The following proposal(s) was/were vetoed:
1.6. Election of Liu Guoping as non-independent director
Date: 2012-08-14
Title: EGM CHANGE
Further to our previous message on 26 July 2012 about the Company's 1st Extraordinary General Meeting of 2012, the Company announced on 14 August 2012 the following changes made with regard to the said meeting:

original items to be cancelled:
2. Re-election of shareholder representative supervisors
2.1. Election of Yu Gensen as shareholder representative supervisor
2.2. Election of Huang Xueli as shareholder representative supervisor

Other information remains unchanged.
All the proposals of the meeting are sequenced as follows:
1. Re-election of directors
1.1. Election of Lv Rengao as non-independent director
1.2. Election of Lv Chengjie as non-independent director
1.3. Election of Tu Yechu as non-independent director
1.4. Election of Zhu Zhugen as non-independent director
1.5. Election of Zheng Liang as non-independent director
1.6. Election of Liu Guoping as non-independent director
1.7. Election of Hao Yugui as independent director
1.8. Election of Fu Jianzheng as independent director
1.9. Election of Lu Jinghong as independent director
2. Determination of remuneration for directors
3. Amendments to the Company's articles of association
4. Formulation of profit distribution policy and plan on the shareholders' return for the next three years
5. Amendments to the Company's rules of procedures governing the board meeting
6. Amendments to management measures on financing and external guarantee
7. Formulation of management system of online voting in the general meeting of shareholders
Date: 2012-07-26
Title: EGM-SPOT
The Company will hold the 1st Extraordinary General Meeting of 2012 at 13:30 on 16 August 2012.

Meeting agenda:
1 Re-election of directors
1.1 Election of Lv Rengao as non-independent director
1.2 Election of Lv Chengjie as non-independent director
1.3 Election of Tu Yechu as non-independent director
1.4 Election of Zhu Zhugen as non-independent director
1.5 Election of Zheng Liang as non-independent director
1.6 Election of Liu Guoping as non-independent director
1.7 Election of Hao Yugui as independent director
1.8 Election of Fu Jianzheng as independent director
1.9 Election of Lu Jinghong as independent director
2 Re-election of shareholder representative supervisors
2.1 Election of Yu Gensen as shareholder representative supervisor
2.2 Election of Huang Xueli as shareholder representative supervisor
3 Determination of remuneration for directors
4 Amendments to the Company's articles of association
5 Formulation of profit distribution policy and plan on the shareholders' return for the next three years
6 Amendments to the Company's rules of procedures governing the board meeting
7 Amendments to management measures on financing and external guarantee
8 Formulation of management system of online voting in the general meeting of shareholders


Meeting attendees:
1. A-share holders registered at CSDCC Shenzhen after the close of trading on 10 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: 14 August 2012
Date: 2012-05-31
Title: DIVIDEND IMPLEMENTATION (CASH AND BONUS ISSUE)
2011 final distribution plan to be implemented (A shares):

1. Cash dividend/10 shares (tax included): CNY2.50000000
2. Bonus issue from profit (share/10 shares): none
3. Bonus issue from capital reserve (share/10 shares): 3.0000


Record date: 06 June 2012
Ex-date: 07 June 2012
Payment date: 07 June 2012
Listing date of the bonus issues: 07 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: CNY0.25000000(10 percent x CNY2.50000000)
Net cash dividend/10 shares after tax: CNY2.25000000(CNY2.50000000- CNY0.25000000)
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 annual report and its summary
4. 2011 financial resolution report
5. 2011 profit distribution plan and bonus issue from capital reserve
6. Reappointment of audit firm
7. Application for comprehensive credit line to banks
8. Formulation of implementation rules for accumulative voting system at shareholders' meeting
The detailed profit distribution plan are as follows:
1) Cash dividend/10 shares (tax included): CNY2.50000000
2) Bonus issue from profit (share/10 shares): none
3) Bonus issue from capital reserve (share/10 shares): 3.00.
Date: 2012-04-23
Title: FINAL DIVIDEND
The Company issued its 2011 annual report on 23 April 2012.

The profit distribution proposal for 2011:
1. Cash dividend/10 shares (tax included): CNY2.50000000
2. Bonus issue from profit (share/10 shares):none
3. Bonus issue from capital reserve (share/10 shares):3.0000.
Date: 2012-04-23
Title: AGM-SPOT
The Company will hold the 2011 Annual General Meeting at 13:30 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 annual report and its summary
4. 2011 financial resolution report
5. 2011 profit distribution plan and bonus issue from capital reserve
6. Reappointment of audit firm
7. Application for comprehensive credit line to banks
8. Formulation of implementation rules for accumulative voting system at shareholders' meeting
The detailed profit distribution plan are as follows:
1) Cash dividend/10 shares (tax included): CNY2.50000000
2) Bonus issue from profit (share/10 shares): none
3) Bonus issue from capital reserve (share/10 shares): 3.0000

Meeting attendees:
1. A-share holders registered at CSDCC Shenzhen after the close of trading on 10 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