Zhejiang Jiaxin Silk Corporation,Ltd.



Quote for Zhejiang Jiaxin Silk Corporation,Ltd.

Last Trade:
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Symbol/Code:
002404
Status:
-
Stock Type:
A Share
Market Cap:
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Update:-
Currency in CNY Time=UTC+8002404 quote

Summary for Zhejiang Jiaxin Silk Corporation,Ltd.

ZheJiang Jiaxin Silk Corp., Ltd. is principally engaged in the research, development, production and distribution of silk products and garments. The Company is also involved in the production of hardware products, as well as printing and dyeing business. The Company distributes its products in domestic markets and to overseas markets. As of December 31, 2010, the Company had 15 subsidiaries, which involved in the manufacture of silk products, apparels, hardware products and packaging materials.

Profile for Zhejiang Jiaxin Silk Corporation,Ltd.

Full Name:Zhejiang Jiaxin Silk Corporation,Ltd.
Full Name in Chinese:浙江嘉欣丝绸股份有限公司 Short Name in Chinese:嘉欣丝绸
Symbol/Stock Code:
002404
Listed in:
Shenzhen Stock Exchange
Issued Capital
-
Negotiable Capital:
-
Chairman:
Zhou Guojian
Secretary of the Board:
Zheng Xiao
Phone:
+86-573-82078789
Fax:
+86-573-82084568
Official Website:www.jxsilk.cn
E-mail:inf@jxsilk.cn
Address:Silk Building,Silk Building, No.88 Zhongshan E,JIAXING ZHJ 314000
IPO Subscription Date:
2010-04-28
Listing Date:
2010-05-11
IPO Issued Capital:
33500000
IPO Price:
22 CNY
IPO fees:
44800000 CNY
Money Raised by IPO:
737000000 CNY
IPO Par Value:
1.00 CNY
Net Money Raised:
692200000 CNY
Open(Listing day):
22.50 CNY
Close(Listing day):
21.58 CNY
Diluted P/E ratio after IPO:
47.8300
Turnover rate(listing day):
52.61%

Financials for Zhejiang Jiaxin Silk Corporation,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)
69.0849
87.2049
76.225
64.1886
Net Profit Growth(%)
10.47
14.40
18.75
15.67
Return On Equity(ROE)(%)
5.84
7.55
6.87
17.41
Debt ratio(%)
17.56
18.21
17.25
49.69
Net Operating Cash Flow/Net Profit(%)
-49.25
149.64
78.56
298.70

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)
0.2700
0.5000
0.4900
0.6400
Diluted Earnings Per Share
0.0000
0.3900
0.4100
0.6100
Net Asset Value Per Share (NAVPS)
4.5400
6.6600
8.3100
3.6900
Additional Paid-In Capital Per Share
2.2628
3.8323
5.2934
0.4894
Retained Earnings Per Share
1.0892
1.5357
1.7230
1.8460
Net Cash Flow From Operatings Activities Per Share
-0.1300
0.7500
0.4500
1.9200
Net Cash Flow Per Share
-0.8338
1.3127
0.1081
0.1140

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)
1556.335
1542.0091
1448.7969
889.9621
Total Liabilities(Million)
273.4381
280.9076
249.9909
442.3027
Current Liabilities(Million)
270.3346
250.0934
233.2216
433.9127
Long Term Liabilities(Million)
-
-
-
-
Cash And Cash Equivalents(Million)
279.4571
436.8644
507.3082
93.3569
Accounts Receivables(Million)
221.9737
202.3089
197.5825
172.3923
Deposit Received(Million)
21.2998
18.671
18.9244
16.8591
Other Receivables(Million)
62.1407
41.9247
34.4196
35.654
Bad Debt Reserve(Million)
-
-
-
-
Shareholder's Equity/Owner's Equity(Million)
1182.7516
1154.9991
1109.3677
368.6152
Debt ratio(%)
17.56
18.21
17.25
49.69
Equity Ratio(%)
75.9900
74.9000
76.5700
41.4100
Current Ratio
3.4081
3.8713
4.0596
1.0210
Quick Ratio
2.2715
3.0742
3.3156
0.7280

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)
1332.5356
1745.1487
1670.098
1494.2082
Net Cash Flow From Operatings Activities(Million)
-34.0266
130.4978
59.8836
191.7325
Net Cash Flow From Operatings Activities Change(%)
-147.59
117.92
-68.77
115.93
Net Cash Flow(Million)
-217.0644
227.8145
14.4341
11.404
Cash From Selling Commodities/Prime Revenue(%)
101.31
105.99
102.88
103.84
Net Cash Flow/Net Profit(%)
-314.20
261.24
18.94
17.77
Cash Flow From Investing Activities(Million)
-151.393
123.8795
-499.3106
-33.5801
Cash Flow From Financing Activities(Million)
-31.6448
-26.5628
453.8611
-146.7485

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)
1315.2633
1646.5286
1623.4201
1438.9469
Prime Operating Profit(Million)
-
-
-
-
Operating Costs(Million)
75.6949
72.3091
75.6271
68.9091
Administrative Costs(Million)
101.7134
128.4714
111.0944
95.5534
Financing Costs(Million)
-1.6292
2.3495
14.4944
17.8191
Above Three Costs Change(%)
15.63
0.95
10.39
2.14
Operating Profit(Million)
76.6204
120.976
107.2385
97.3739
Income From Investment(Million)
7.9677
9.6625
1.2245
-0.1762
Government Subsidies(Million)
-
-
-
-
Net Non-Operating Income And Expense(Million)
23.5176
14.5275
9.5274
4.114
Total Profit(Million)
100.138
135.5035
116.7659
101.4879
Corporate Income Tax(Million)
23.9324
28.858
21.7091
21.0509
Net Profit(Million)
69.0849
87.2049
76.225
64.1886
Gross Profit Ratio(%)
19.48
19.47
19.08
19.71
Operating Margin(%)
5.82
7.34
6.60
6.76
Return On Equity(ROE)(%)
5.84
7.55
6.87
17.41

Announcements for Zhejiang Jiaxin Silk Corporation,Ltd.

Date: 2012-08-21
Title: EGM RESOLUTION
The Company held its 1st Extraordinary General Meeting of 2012 on 20 August 2012, during which the following proposal(s) was/were approved:
1. Amendments to the Company's articles of association
Date: 2012-05-10
Title: DIVIDEND IMPLEMENTATION (CASH AND BONUS ISSUE)
2011 final distribution plan to be implemented (A shares):

1. Cash dividend/10 shares (tax included): CNY3.00000000
2. Bonus issue from profit (share/10 shares): none
3. Bonus issue from capital reserve (share/10 shares): 5.0000


Record date: 15 May 2012
Ex-date: 16 May 2012
Payment date: 16 May 2012
Listing date of the bonus issues: 16 May 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: CNY0.30000000(10 percent x CNY3.00000000)
Net cash dividend/10 shares after tax: CNY2.70000000(CNY3.00000000- CNY0.30000000)
Date: 2012-05-09
Title: RESTRICTED SHARE LISTING
Among the Company's 11322888 restricted shares to be unlocked on 11 May 2012, 9505017 of them will be tradable on the Shenzhen Stock Exchange on that day.
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): CNY3.00000000
2. Bonus issue from profit (share/10 shares):none
3. Bonus issue from capital reserve (share/10 shares):5.0000.
Date: 2012-03-28
Title: AGM-SPOT
The Company will hold the 2011 Annual General Meeting at 09:00 on 20 April 2012.

Meeting agenda:
1. 2011 work report of the board of directors
2. 2011 annual report and its summary
3. 2011 work report of the supervisory committee
4. 2011 financial resolution report
5. 2011 profit distribution plan
6. Reappointment of audit firm
7. 2011 special report on the deposit and use of raised funds
8. To invest in other projects with partial surplus funds from projects invested with raised funds
9. Amendments to the Company's articles of association
The detailed profit distribution plan are as follows:
1) Cash dividend/10 shares (tax included): CNY3.00000000
2) Bonus issue from profit (share/10 shares): none
3) Bonus issue from capital reserve (share/10 shares): 5.0000

Meeting attendees:
1. A-share holders registered at CSDCC Shenzhen after the close of trading on 16 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: 17 April 2012
Date: 2011-06-03
Title: EGM RESOLUTION
THE CO HELD ITS 1ST EGM OF 2011 ON 02JUN11, DURING WHICH THE FOLLOWING PROPOSAL(S) WAS/WERE APPROVED:
1. RE-ELECTION OF DIRECTORS AND NOMINATION OF DIRECTOR CANDIDATES INCLUDING ZHOU GUOJIAN, TONG XIKANG, XU HONG, HAN SHUO, ZHENG XIAO, GU QUN, CAI GAOSHENG, SHEN KAIJUN, KONG DONG,
2. RE-ELECTION OF SUPERVISORS AND NOMINATION OF SUPERVISOR CANDIDATES INCLUDING ZHU JIANYONG, ZHOU QINGRONG
Date: 2011-05-19
Title: DIVIDEND IMPLEMENTATION (CASH AND BONUS ISSUE)
2010 FINAL DISTRIBUTION PLAN TO BE IMPLEMENTED (A SHARES):

1. CASH DIVIDEND/10 SHARES (TAX INCLUDED): CNY3.0000
2. BONUS ISSUE FROM PROFIT (SHARE/10 SHARES): NONE
3. BONUS ISSUE FROM CAPITAL RESERVE (SHARE/10 SHARES): 3.00


RECORD DATE: 25MAY11
EX-DATE: 26MAY11
PAYMENT DATE: 26MAY11
LISTING DATE OF THE BONUS ISSUES: 26MAY11
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: CNY 0.300000(10 PERCENT X CNY 3.000000)
NET CASH DIVIDEND/10 SHARES AFTER TAX: CNY 2.700000(CNY 3.000000- CNY0.300000)
Date: 2011-05-17
Title: EGM-SPOT
THE CO WILL HOLD THE 1ST EGM OF 2011 AT 09:00 ON 02JUN11.

MEETING AGENDA:
1. RE-ELECTION OF DIRECTORS AND NOMINATION OF DIRECTOR CANDIDATES INCLUDING ZHOU GUOJIAN, TONG XIKANG, XU HONG, HAN SHUO, ZHENG XIAO, GU QUN, CAI GAOSHENG, SHEN KAIJUN, KONG DONG,
2. RE-ELECTION OF SUPERVISORS AND NOMINATION OF SUPERVISOR CANDIDATES INCLUDING ZHU JIANYONG, ZHOU QINGRONG

MEETING ATTENDEES:
1. A-SHARE HOLDERS REGISTERED AT CSDCC SZN AFTER THE CLOSE OF TRADING ON 27MAY11 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: 30MAY11
Date: 2011-05-10
Title: RESTRICTED SHARE LISTING
THE CO'S 21329319 RESTRICTED A-SHARES WILL BE LISTED ON THE SHENZHEN STOCK EXCHANGE AS OF 11MAY11.
Date: 2011-03-28
Title: FINAL DIVIDEND
THE CO ISSUED ITS 2010 ANNUAL REPORT ON 28MAR11.

THE PROFIT DISTRIBUTION PROPOSAL FOR 2010:
1. CASH DIVIDEND/10 SHARES (TAX INCLUDED): CNY3.0000
2. BONUS ISSUE FROM PROFIT (SHARE/10 SHARES):NONE
3. BONUS ISSUE FROM CAPITAL RESERVE (SHARE/10 SHARES):3.00