Zhejiang Meida Industrial Co.,Ltd.



Quote for Zhejiang Meida Industrial Co.,Ltd.

Last Trade:
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Change:
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Symbol/Code:
002677
Status:
-
Stock Type:
A Share
Market Cap:
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Open:
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Prev Close:
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Ask:
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Volume(*100):
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Amount:
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Update:-
Currency in CNY Time=UTC+8002677 quote

Summary for Zhejiang Meida Industrial Co.,Ltd.

Zhejiang Meida Industrial Co., Ltd. is principally engaged in the research, development, production and distribution of integrated stoves. The Company's integrated stoves consist of smoke discharged machines, stoves and disinfection cabinets. The Company's integrated stoves are primarily applied in kitchen operations, including cooking, smoke discharging and disinfection. During the year ended December 31, 2011, the Company produced 89,946 sets of integrated stoves and sold out 91,702 sets of integrated stoves.

Profile for Zhejiang Meida Industrial Co.,Ltd.

Full Name:Zhejiang Meida Industrial Co.,Ltd.
Full Name in Chinese:浙江美大实业股份有限公司 Short Name in Chinese:浙江美大
Symbol/Stock Code:
002677
Listed in:
Shenzhen Stock Exchange
Issued Capital
-
Negotiable Capital:
-
Chairman:
Xia Zhisheng
Secretary of the Board:
Xia Lan
Phone:
+86-573-87813679
Fax:
+86-573-87813990
Official Website:www.meida.com
E-mail:meida@meida.com
Address:No. 81 Tanqiao,60K Dongxi Avenue, Yuanhua Tow,Haining City,JIAXING ZHJ 314416
IPO Subscription Date:
2012-05-14
Listing Date:
2012-05-25
IPO Issued Capital:
50000000
IPO Price:
9.6
IPO fees:
33690000 CNY
Money Raised by IPO:
480000000 CNY
IPO Par Value:
1.00 CNY
Net Money Raised:
446310000 CNY
Open(Listing day):
- CNY
Close(Listing day):
- CNY
Diluted P/E ratio after IPO:
25.9500
Turnover rate(listing day):
-%

Financials for Zhejiang Meida Industrial 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)
48.6973
80.828
62.6068
86.1128
Net Profit Growth(%)
6.69
29.10
-27.29
37.00
Return On Equity(ROE)(%)
5.92
24.64
23.60
29.22
Debt ratio(%)
8.50
28.67
37.90
34.61
Net Operating Cash Flow/Net Profit(%)
-12.71
98.32
342.76
160.89

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)
0.2800
0.5400
0.4200
0.5741
Diluted Earnings Per Share
0.0000
0.5000
0.4900
0.0000
Net Asset Value Per Share (NAVPS)
4.1200
2.1871
1.7682
1.9648
Additional Paid-In Capital Per Share
2.3619
0.5071
0.5071
0.3000
Retained Earnings Per Share
0.6925
0.5986
0.2269
1.1789
Net Cash Flow From Operatings Activities Per Share
-0.0300
0.5300
1.4300
0.9237
Net Cash Flow Per Share
1.9842
0.0310
0.3265
0.6790

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)
899.6048
459.9281
427.129
450.7605
Total Liabilities(Million)
76.5362
131.8668
161.8956
156.0354
Current Liabilities(Million)
76.5362
131.8668
161.8956
156.0354
Long Term Liabilities(Million)
-
-
-
-
Cash And Cash Equivalents(Million)
614.9873
218.5301
212.837
165.5444
Accounts Receivables(Million)
10.9837
2.0186
0.4222
1.6509
Deposit Received(Million)
12.6828
53.5657
83.8481
53.5767
Other Receivables(Million)
0.466
0.3023
1.5931
94.1156
Bad Debt Reserve(Million)
-
-
-
-
Shareholder's Equity/Owner's Equity(Million)
823.0686
328.0613
265.2333
294.7252
Debt ratio(%)
8.50
28.67
37.90
34.61
Equity Ratio(%)
91.4900
71.3200
62.0900
65.3800
Current Ratio
8.6478
1.9042
1.5706
1.9198
Quick Ratio
8.2700
1.7092
1.3890
1.6954

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)
243.1582
435.4123
474.4013
423.0035
Net Cash Flow From Operatings Activities(Million)
-6.1879
79.4666
214.5885
138.5481
Net Cash Flow From Operatings Activities Change(%)
-69.32
-62.97
54.88
94.49
Net Cash Flow(Million)
396.8444
4.6542
48.9739
101.8487
Cash From Selling Commodities/Prime Revenue(%)
109.21
124.05
142.76
145.28
Net Cash Flow/Net Profit(%)
814.92
5.76
78.22
118.27
Cash Flow From Investing Activities(Million)
-43.2777
-56.8124
-77.0892
-23.8343
Cash Flow From Financing Activities(Million)
446.31
-18
-88.5255
-12.8652

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)
222.6451
350.9954
332.3149
291.158
Prime Operating Profit(Million)
-
-
-
-
Operating Costs(Million)
26.4042
50.4795
48.9927
38.1643
Administrative Costs(Million)
37.5023
47.9061
56.4674
31.903
Financing Costs(Million)
-2.1482
-0.6258
-0.7826
-0.7928
Above Three Costs Change(%)
3.66
-6.61
51.11
40.76
Operating Profit(Million)
49.8038
84.047
72.8805
90.1989
Income From Investment(Million)
-
-
-
-
Government Subsidies(Million)
-
-
-
-
Net Non-Operating Income And Expense(Million)
7.9438
12.4991
8.7757
13.1997
Total Profit(Million)
57.7477
96.5461
81.6563
103.3987
Corporate Income Tax(Million)
9.0503
15.7182
19.0494
17.2859
Net Profit(Million)
48.6973
80.828
62.6068
86.1128
Gross Profit Ratio(%)
51.28
52.72
54.14
56.09
Operating Margin(%)
22.36
23.94
21.93
30.97
Return On Equity(ROE)(%)
5.92
24.64
23.60
29.22

Announcements for Zhejiang Meida Industrial Co.,Ltd.

Date: 2012-07-05
Title: EGM RESOLUTION
The Company held its 2nd Extraordinary General Meeting of 2012 on 04 July 2012, during which the following proposal(s) was/were approved:
1. Increase in the Company's registered capital, amendments to the Company's articles of association and to handle the changes in the industrial and commercial registration.
Date: 2012-06-20
Title: EGM CHANGE
Further to our previous message on 19 June 2012 about the Company's 2nd Extraordinary General Meeting of 2012, the Company announced on 20 June 2012 the following changes made with regard to the said meeting:

Change in relevant item(s):
1)Non-local shareholder fax date: 20120702 17:00:00

Other information remains unchanged.
Date: 2012-06-19
Title: EGM-SPOT
The Company will hold the 2nd Extraordinary General Meeting of 2012 at 14:00 on 04 July 2012.

Meeting agenda:
1. Increase in the Company's registered capital, amendments to the Company's articles of association and to handle the changes in the industrial and commercial registration

Meeting attendees:
1. A-share holders registered at CSDCC Shenzhen after the close of trading on 28 June 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: 02 July 2012
Date: 2012-05-24
Title: IPO SHARE LISTING
The Company issued a total of 50 million shares (code:002677) in its initial public offering. Of the shares,50 million shares will be listed on the Shenzhen Stock Exchange on 25 May 2012 while the remainder will become tradable three months later.
Date: 2012-05-11
Title: IPO-ONLINE SUBSCRIPTION
Zhejiang Meida Industrial Co., Ltd. has been approved by the China Securities Regulatory Commission (the CSRC) to issue 50.000000 million A-shares in its initial public offering.
1. Class: A shares
2. Stock code: 002677
3. Stock abbreviation: Zhejiang Meida
4. Issuing volume: 50.000000 million shares
5. Par value: CNY1.00 per share
6. Issuing mechanism: a book building process will be conducted with a combination of online public offering and offline placement.
7. Targeted listing bourse: Shenzhen Stock Exchange
8. Offline placement volume: 25.000000 million shares
9. Online offering volume: 25.000000 million shares
10. Price: CNY9.60 per share
11. Offline subscription period: 14 May 2012
12. Online subscription date: 14 May 2012.
Date: 2012-05-04
Title: IPO
Zhejiang Meida Industrial Co., Ltd. has been approved by the China Securities Regulatory Commission (the CSCR) to issue 50.0000 million A-shares in its initial public offering, which is structured as follows:
1.Class: A shares
2.Size: 50.0000 million shares
3.Par value: CNY1.00 per share
4.Issuing mechanism: a book building process will be conducted with a combination of online public offering and offline placement.
5.Targeted listing bourse: Shenzhen Stock Exchange
6.Offline placement volume: 25.0000 million shares
7.Online offering volume:25.0000 million shares
8.IPO price inquiry period: from 07 May 2012 to 09 May 2012
9.IPO price determined: 11 May 2012
10.Offline subscription date:14 May 2012
11.Online subscription date: 14 May 2012
12.Expected listing date:N/A.