Zhejiang Longsheng Auto Parts Co., Ltd.



Quote for Zhejiang Longsheng Auto Parts Co., Ltd.

Last Trade:
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Symbol/Code:
002625
Status:
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Stock Type:
A Share
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Currency in CNY Time=UTC+8002625 quote

Summary for Zhejiang Longsheng Auto Parts Co., Ltd.

Zhejiang Longsheng Auto Parts Co., Ltd. is principally engaged in the research, development, manufacturing and sale of automobile seat metal parts and components. The Company mainly provides functional components, including automobile seat slides, recliners and lifters, as well as other seat system pressing parts and components, among others. The Company's products are mainly used to adjust the position, height and back angle of seats. The Company provides its products to various automobiles with brand names of Buick, Chevrolet, Roewe, Ford, BYD, Chery, Beijing Jeep, Geely, Chang'an and SUZUKI, among others.

Profile for Zhejiang Longsheng Auto Parts Co., Ltd.

Full Name:Zhejiang Longsheng Auto Parts Co., Ltd.
Full Name in Chinese:浙江龙生汽车部件股份有限公司 Short Name in Chinese:龙生股份
Symbol/Stock Code:
002625
Listed in:
Shenzhen Stock Exchange
Issued Capital
-
Negotiable Capital:
-
Chairman:
Yu Longsheng
Secretary of the Board:
Jia Kun
Phone:
+86-571-64662918
Fax:
+86-571-64651988
Official Website:www.longsheng988.com
E-mail:longsheng@longsheng988.com
Address:Engineering Industry Zone, Fuchu,HANGZHOU 311504
IPO Subscription Date:
2011-10-26
Listing Date:
2011-11-03
IPO Issued Capital:
19338000
IPO Price:
11.18 CNY
IPO fees:
37573300 CNY
Money Raised by IPO:
216198800 CNY
IPO Par Value:
1.00 CNY
Net Money Raised:
178625500 CNY
Open(Listing day):
20.20 CNY
Close(Listing day):
19.23 CNY
Diluted P/E ratio after IPO:
24.8100
Turnover rate(listing day):
87.33%

Financials for Zhejiang Longsheng Auto Parts Co., Ltd.

UPDATE:2012-10-25 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)
26.1743
42.7462
41.5752
33.5458
Net Profit Growth(%)
-12.39
2.81
23.93
98.48
Return On Equity(ROE)(%)
6.47
11.08
25.28
57.94
Debt ratio(%)
-
-
23.03
55.90
Net Operating Cash Flow/Net Profit(%)
58.82
25.20
91.33
49.30

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)
0.2900
0.7000
0.7200
0.5900
Diluted Earnings Per Share
0.0000
0.5700
0.6000
0.5600
Net Asset Value Per Share (NAVPS)
3.4800
4.9900
2.8400
11.5786
Additional Paid-In Capital Per Share
0.0000
0.0000
1.2701
0.0000
Retained Earnings Per Share
0.0000
0.0000
0.4939
8.9145
Net Cash Flow From Operatings Activities Per Share
0.1300
0.1400
0.6500
0.2900
Net Cash Flow Per Share
0.0000
1.7556
0.5205
0.3290

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)
465.3559
438.3953
213.7016
131.3048
Total Liabilities(Million)
-
52.5552
49.2333
73.4117
Current Liabilities(Million)
-
50.4024
49.2333
73.4117
Long Term Liabilities(Million)
-
-
-
-
Cash And Cash Equivalents(Million)
-
169.7293
37.9512
3.7622
Accounts Receivables(Million)
-
86.6811
40.001
53.4739
Deposit Received(Million)
-
0.0361
0.0101
0.5748
Other Receivables(Million)
-
0.363
3.803
1.1291
Bad Debt Reserve(Million)
-
-
-
-
Shareholder's Equity/Owner's Equity(Million)
404.2805
385.84
164.4683
57.8931
Debt ratio(%)
-
-
23.03
55.90
Equity Ratio(%)
86.8700
88.0100
76.9600
44.0900
Current Ratio
-
-
2.6912
1.1271
Quick Ratio
-
-
2.0735
0.8398

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)
-
208.0697
230.3817
151.6456
Net Cash Flow From Operatings Activities(Million)
15.3969
10.7733
37.9702
16.5375
Net Cash Flow From Operatings Activities Change(%)
200.52
-71.63
129.60
17.00
Net Cash Flow(Million)
-
135.778
30.1891
1.6448
Cash From Selling Commodities/Prime Revenue(%)
0.00
93.14
121.46
95.92
Net Cash Flow/Net Profit(%)
0.00
317.64
72.61
4.90
Cash Flow From Investing Activities(Million)
-
-48.1422
-50.972
-11.5273
Cash Flow From Financing Activities(Million)
-
173.1469
43.1908
-3.3654

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)
180.1012
223.3993
189.6725
158.0964
Prime Operating Profit(Million)
-
-
-
-
Operating Costs(Million)
-
6.9677
7.2758
6.2964
Administrative Costs(Million)
-
22.3467
17.8332
13.0553
Financing Costs(Million)
-
1.4771
0.6006
0.7675
Above Three Costs Change(%)
-100.00
19.77
27.79
34.39
Operating Profit(Million)
-
41.6168
40.4141
37.5846
Income From Investment(Million)
-
-
0.8833
0.7361
Government Subsidies(Million)
-
-
-
-
Net Non-Operating Income And Expense(Million)
-
8.6844
7.7365
1.4063
Total Profit(Million)
-
50.3011
48.1506
38.9909
Corporate Income Tax(Million)
-
7.5549
6.5753
5.4451
Net Profit(Million)
26.1743
42.7462
41.5752
33.5458
Gross Profit Ratio(%)
-
33.85
34.59
37.51
Operating Margin(%)
-
18.62
21.30
23.77
Return On Equity(ROE)(%)
6.47
11.08
25.28
57.94

Announcements for Zhejiang Longsheng Auto Parts Co., Ltd.

Date: 2012-11-02
Title: RESTRICTED SHARE LISTING
Among the Company's 13050000 restricted shares to be unlocked on 05 November 2012, 13050000 of them will be tradable on the Shenzhen Stock Exchange on that day.
Date: 2012-08-01
Title: EGM RESOLUTION
The Company held its 2nd Extraordinary General Meeting of 2012 on 31 July 2012, during which the following proposal(s) was/were approved:
1. Amendments to the Company's articles of association
Date: 2012-07-13
Title: EGM-SPOT
The Company will hold the 2nd Extraordinary General Meeting of 2012 at 10:00 on 31 July 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 25 July 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: 31 July 2012
Date: 2012-06-15
Title: DIVIDEND IMPLEMENTATION (CASH AND BONUS ISSUE)
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): 5.0000


Record date: 20 June 2012
Ex-date: 21 June 2012
Payment date: 21 June 2012
Listing date of the bonus issues: 21 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: 2012-05-09
Title: AGM RESOLUTION
The Company held its Annual General Meeting of 2011 on 08 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 annual report and its summary
6. Reappointment of audit firm
7. 2012 financial budget report
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): 5.00.
Date: 2012-04-12
Title: FINAL DIVIDEND
The Company issued its 2011 annual report on 12 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):5.0000.
Date: 2012-04-12
Title: AGM-SPOT
The Company will hold the 2011 Annual General Meeting at 10:00 on 08 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 annual report and its summary
6. Reappointment of audit firm
7. 2012 financial budget report
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): 5.0000

Meeting attendees:
1. A-share holders registered at CSDCC Shenzhen after the close of trading on 04 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: 08 May 2012
Date: 2012-03-02
Title: EGM RESOLUTION
The Company held its 1st Extraordinary General Meeting of 2012 on 01 March 2012, during which the following proposal(s) was/were approved:
1. Appointment of 2011 audit firm.
Date: 2012-02-14
Title: EGM-SPOT
The Company will hold the 1st Extraordinary General Meeting of 2012 at 09:00 on 01 March 2012.

Meeting agenda:
1. Appointment of 2011 audit firm

Meeting attendees:
1. A-share holders registered at CSDCC Shenzhen after the close of trading on 24 February 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: 01 March 2012
Date: 2012-02-01
Title: PLACING SHARE LISTING
The Company's 3.81 million A-shares placed to the institutional investors through offline placement will reach the 3-month lock-up period and be listed on the Shenzhen Stock Exchange as of 03 February 2012.