Zhejiang IDC Fluid Control Co.,Ltd.



Quote for Zhejiang IDC Fluid Control Co.,Ltd.

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Symbol/Code:
002468
Status:
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Stock Type:
A Share
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Currency in CNY Time=UTC+8002468 quote

Summary for Zhejiang IDC Fluid Control Co.,Ltd.

Zhejiang IDC Fluid Control Co., Ltd is principally engaged in the research, development, manufacture and distribution of water and heating equipment. The Company provides valves, including ball valves, control valves, valves for home use, valve components and parts, such as ball valves, valves for radiators, temperature control valves, discharging valves, safety valves, boiler valves, washing machine valves, gas valves, expansion valves, electromagnetic valves and electromagnetic valve cores, among others; pipe fittings, including push-fit fittings, ferrule fittings, bronze fittings, red copper fittings and welded fittings, among others, as well as sanitary accessories, including faucets, drainage components, flexible pipe, among others. Its products are used in heating systems, air conditioners, hot pump systems, freezing equipment and tap water pipe systems, among others.

Profile for Zhejiang IDC Fluid Control Co.,Ltd.

Full Name:Zhejiang IDC Fluid Control Co.,Ltd.
Full Name in Chinese:浙江艾迪西流体控制股份有限公司 Short Name in Chinese:艾 迪 西
Symbol/Stock Code:
002468
Listed in:
Shenzhen Stock Exchange
Issued Capital
-
Negotiable Capital:
-
Chairman:
Li Jiade
Secretary of the Board:
Shen Yaxin
Phone:
+86-576-87298766-8011
Fax:
+86-576-87298758
Official Website:www.idcgroup.com.cn
E-mail:Idc_security@idcgroup.com.cn
Address:Electrical Industrial Park,Yuhuan County,TAIZHOU ZHJ 317600
IPO Subscription Date:
2010-08-25
Listing Date:
2010-09-08
IPO Issued Capital:
40000000
IPO Price:
12.5 CNY
IPO fees:
26458300 CNY
Money Raised by IPO:
500000000 CNY
IPO Par Value:
1.00 CNY
Net Money Raised:
473541700 CNY
Open(Listing day):
30.00 CNY
Close(Listing day):
41.88 CNY
Diluted P/E ratio after IPO:
39.0600
Turnover rate(listing day):
91.72%

Financials for Zhejiang IDC Fluid Control Co.,Ltd.

UPDATE:2012-10-22 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)
9.5661
10.7032
80.1687
61.4257
Net Profit Growth(%)
-74.37
-86.64
30.51
-59.56
Return On Equity(ROE)(%)
1.33
1.41
10.07
23.84
Debt ratio(%)
46.03
41.25
26.13
59.14
Net Operating Cash Flow/Net Profit(%)
-785.20
-1387.95
22.98
73.19

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)
0.0420
0.0600
0.5000
0.5100
Diluted Earnings Per Share
0.0000
-0.0100
0.4300
0.4200
Net Asset Value Per Share (NAVPS)
3.1300
3.9500
4.9800
2.1500
Additional Paid-In Capital Per Share
1.5779
2.0935
2.7122
0.0034
Retained Earnings Per Share
0.4430
0.7318
1.1193
0.9822
Net Cash Flow From Operatings Activities Per Share
-0.3260
-0.7700
0.1200
0.3700
Net Cash Flow Per Share
-0.3245
-0.8443
2.0398
-0.0274

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)
1399.3825
1295.5119
1078.1302
630.7188
Total Liabilities(Million)
644.2173
534.4791
281.7336
373.0326
Current Liabilities(Million)
558.3638
467.8269
234.9918
366.6892
Long Term Liabilities(Million)
-
-
-
-
Cash And Cash Equivalents(Million)
189.1716
249.8509
412.017
108.88
Accounts Receivables(Million)
279.4459
217.3024
212.0312
176.2282
Deposit Received(Million)
2.7429
3.8052
0.972
0.9975
Other Receivables(Million)
68.5605
70.1731
43.6416
22.4948
Bad Debt Reserve(Million)
-
-
-
-
Shareholder's Equity/Owner's Equity(Million)
720.6641
759.0998
796.3967
257.6863
Debt ratio(%)
46.03
41.25
26.13
59.14
Equity Ratio(%)
51.4900
58.5900
73.8600
40.8500
Current Ratio
1.5911
1.8939
3.5883
1.1860
Quick Ratio
1.1075
1.3351
2.9136
0.8491

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)
829.2789
1068.8633
1132.9421
743.5784
Net Cash Flow From Operatings Activities(Million)
-75.1134
-148.5545
18.4258
44.9572
Net Cash Flow From Operatings Activities Change(%)
-40.15
-906.23
-59.01
-47.71
Net Cash Flow(Million)
-74.7554
-162.1021
326.375
-3.2896
Cash From Selling Commodities/Prime Revenue(%)
93.30
101.12
98.31
98.66
Net Cash Flow/Net Profit(%)
-781.46
-1514.53
407.11
-5.36
Cash Flow From Investing Activities(Million)
-130.5132
-229.5215
-56.6448
-71.5738
Cash Flow From Financing Activities(Million)
129.7807
218.8696
369.5712
25.8258

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)
888.853
1057.0383
1152.3732
753.6695
Prime Operating Profit(Million)
-
-
-
-
Operating Costs(Million)
32.2588
42.4492
29.2061
22.955
Administrative Costs(Million)
83.8145
94.6949
70.2824
54.3981
Financing Costs(Million)
10.2077
22.4651
18.8658
8.1657
Above Three Costs Change(%)
20.70
34.86
38.40
0.97
Operating Profit(Million)
-5.7038
4.5385
94.7291
59.8053
Income From Investment(Million)
4.7727
7.2941
7.4595
-1.7255
Government Subsidies(Million)
-
-
-
-
Net Non-Operating Income And Expense(Million)
21.9589
5.8983
5.0334
17.7993
Total Profit(Million)
16.2551
10.4368
99.7625
77.6046
Corporate Income Tax(Million)
1.2761
1.683
19.5939
14.7612
Net Profit(Million)
9.5661
10.7032
80.1687
61.4257
Gross Profit Ratio(%)
14.31
15.18
18.18
19.94
Operating Margin(%)
-0.64
0.42
8.22
7.93
Return On Equity(ROE)(%)
1.33
1.41
10.07
23.84

Announcements for Zhejiang IDC Fluid Control Co.,Ltd.

Date: 2012-10-09
Title: EGM RESOLUTION
The Company held its 2nd Extraordinary General Meeting of 2012 on 08 October 2012, during which the following proposal(s) was/were approved:
1. Guarantee for a controlled subsidiary
2. Change in the implementation party of a project
3. Change of partial raised funds to permanently replenish working capital
Date: 2012-08-28
Title: EGM RESOLUTION
The Company held its 1st Extraordinary General Meeting of 2012 on 26 August 2012, during which the following proposal(s) was/were approved:
1. Amendments to the Company's articles of association
Date: 2012-08-06
Title: EGM-SPOT
The Company will hold the 1st Extraordinary General Meeting of 2012 at 10:00 on 26 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 17 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: 20 August 2012
Date: 2012-04-17
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): 2.0000


Record date: 23 April 2012
Ex-date: 24 April 2012
Payment date: 24 April 2012
Listing date of the bonus issues: 24 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: CNY0.25000000(10 percent x CNY2.50000000)
Net cash dividend/10 shares after tax: CNY2.25000000(CNY2.50000000- CNY0.25000000)
Date: 2012-03-22
Title: FINAL DIVIDEND
The Company issued its 2011 annual report on 22 March 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):2.0000.
Date: 2012-03-22
Title: AGM-SPOT
The Company will hold the 2011 Annual General Meeting at 10:00 on 13 April 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. Management system for external donations
7. Reappointment of audit firm
8. 2012 external guarantee
9. Comprehensive credit line and loans applied to banks
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): 2.0000

Meeting attendees:
1. A-share holders registered at CSDCC Shenzhen after the close of trading on 06 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: 09 April 2012
Date: 2011-09-07
Title: RESTRICTED SHARE LISTING
The Company's 24192000 restricted A-shares will be listed on the Shenzhen Stock Exchange as of 08 September 2011.
Date: 2011-08-04
Title: EGM-SPOT
The Company will hold the 2nd EGM OF 2011 at 10:00 on 19 August 2011.

Meeting agenda:
1. Reelection of directors, including Li Jiade, Liu Ziyi, Zou Jianzhong, Tang Yusong, Chen Xu, Zhu Hongsong, Duan Zhongpeng, Qian Aimin and Hua Mingjiu
2. Reelection of supervisors, including Wu Chuanquan and Jiang Xueyun
3. Allowance for independent directors
4. Issue of short-term financing bills
5. Issue of collective notes of small and medium enterprises

Meeting attendees:
1. A-share holders registered at CSDCC Shenzhen after the close of trading on 10 August 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: 12 August 2011
Date: 2011-08-02
Title: EGM RESOLUTION
The Company held its 1st EGM of 2011 on 01 August 2011, during which the following proposal(s) was/were approved:
1. A subsidiary to invest and construct a production line project
2. Amendments to the management measures for connected transactions
3. Amendments to the rules of procedures for the board of directors
4. Amendments to the rules of procedures for general meetings
5. Amendments to the articles of association.
Date: 2011-07-12
Title: EGM-SPOT
THE CO WILL HOLD THE 1ST EGM OF 2011 AT 13:00 ON 01AUG11.

MEETING AGENDA:
1. A SUBSIDIARY TO INVEST AND CONSTRUCT A PRODUCTION LINE PROJECT
2. AMENDMENTS TO THE MANAGEMENT MEASURES FOR CONNECTED TRANSACTIONS
3. AMENDMENTS TO THE RULES OF PROCEDURES FOR THE BOARD OF DIRECTORS
4. AMENDMENTS TO THE RULES OF PROCEDURES FOR GENERAL MEETINGS
5. AMENDMENTS TO THE ARTICLES OF ASSOCIATION

MEETING ATTENDEES:
1. A-SHARE HOLDERS REGISTERED AT CSDCC SZN AFTER THE CLOSE OF TRADING ON 22JUL11 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: 25JUL11