Zhejiang Ming Jewelry Co.,Ltd.



Quote for Zhejiang Ming Jewelry Co.,Ltd.

Last Trade:
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Symbol/Code:
002574
Status:
-
Stock Type:
A Share
Market Cap:
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Currency in CNY Time=UTC+8002574 quote

Summary for Zhejiang Ming Jewelry Co.,Ltd.

Zhejiang Ming Jewelry Co., Ltd. is principally engaged in the design, production and distribution of jewelries, as well as the operation and management of MINGR jewelry brands. The Company primarily provides gold jewelries, platinum jewelries, as well as inlaid jewelries, among others. It distributes its products primarily in domestic market. On May 18, 2011, the Company established a Zhejiang-based subsidiary.

Profile for Zhejiang Ming Jewelry Co.,Ltd.

Full Name:Zhejiang Ming Jewelry Co.,Ltd.
Full Name in Chinese:浙江明牌珠宝股份有限公司 Short Name in Chinese:明牌珠宝
Symbol/Stock Code:
002574
Listed in:
Shenzhen Stock Exchange
Issued Capital
-
Negotiable Capital:
-
Chairman:
Yu Tuliang
Secretary of the Board:
Cao Guoqi
Phone:
+86-575-84025665
Fax:
+86-575-84021062
Official Website:www.mingr.com
E-mail:info@mingr.com
Address:Fuquan Industrial Zone,Shaoxing ZHJ 312046
IPO Subscription Date:
2011-04-14
Listing Date:
2011-04-22
IPO Issued Capital:
60000000
IPO Price:
32 CNY
IPO fees:
61070000 CNY
Money Raised by IPO:
1920000000 CNY
IPO Par Value:
1.00 CNY
Net Money Raised:
1858930000 CNY
Open(Listing day):
33.30 CNY
Close(Listing day):
35.78 CNY
Diluted P/E ratio after IPO:
44.4400
Turnover rate(listing day):
74.51%

Financials for Zhejiang Ming Jewelry 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)
55.8743
250.7762
216.7746
148.897
Net Profit Growth(%)
-73.49
15.68
45.58
72.49
Return On Equity(ROE)(%)
2.00
8.97
31.58
31.72
Debt ratio(%)
35.27
24.02
67.40
70.97
Net Operating Cash Flow/Net Profit(%)
454.24
-329.47
-40.58
59.61

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)
0.2300
1.1400
1.2000
0.8300
Diluted Earnings Per Share
0.0000
1.0600
0.9600
0.8200
Net Asset Value Per Share (NAVPS)
11.6300
11.6500
3.8100
2.6092
Additional Paid-In Capital Per Share
8.0781
8.0781
0.7767
0.7761
Retained Earnings Per Share
2.2974
2.3146
1.8319
0.7510
Net Cash Flow From Operatings Activities Per Share
1.0600
-3.4400
-0.4900
0.4900
Net Cash Flow Per Share
2.3406
2.0490
0.5095
0.2718

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)
4313.5358
3680.4534
2106.0919
1619.3194
Total Liabilities(Million)
1521.4087
884.212
1419.5567
1149.3589
Current Liabilities(Million)
535.8887
875.392
1419.3741
1149.3589
Long Term Liabilities(Million)
-
-
-
-
Cash And Cash Equivalents(Million)
1276.641
713.8809
224.1883
140.3224
Accounts Receivables(Million)
878.2098
337.5443
292.8004
190.5895
Deposit Received(Million)
15.2027
78.1894
59.0374
40.9941
Other Receivables(Million)
7.5885
4.7279
1.0927
2.2469
Bad Debt Reserve(Million)
-
-
-
-
Shareholder's Equity/Owner's Equity(Million)
2792.1271
2796.2414
686.5352
469.6535
Debt ratio(%)
35.27
24.02
67.40
70.97
Equity Ratio(%)
64.7200
75.9700
32.5900
29.0000
Current Ratio
7.7777
4.1385
1.4408
1.3478
Quick Ratio
4.1142
1.3002
0.3805
0.2963

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)
5754.8632
6841.1495
4608.9226
3825.9798
Net Cash Flow From Operatings Activities(Million)
253.8018
-826.2265
-87.9616
88.7533
Net Cash Flow From Operatings Activities Change(%)
-138.44
839.30
-199.11
-1233.77
Net Cash Flow(Million)
561.748
491.7615
91.7019
48.9186
Cash From Selling Commodities/Prime Revenue(%)
105.29
116.18
114.39
115.97
Net Cash Flow/Net Profit(%)
1005.38
196.10
42.30
32.85
Cash Flow From Investing Activities(Million)
-100.6411
-14.1797
50.9845
-1.5018
Cash Flow From Financing Activities(Million)
408.5872
1332.1678
128.679
-38.3329

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)
5465.7076
5888.2791
4028.9626
3299.018
Prime Operating Profit(Million)
-
-
-
-
Operating Costs(Million)
103.2035
133.1059
111.2496
78.4913
Administrative Costs(Million)
39.7699
46.3736
39.6524
34.8122
Financing Costs(Million)
39.4539
40.8779
58.1834
52.566
Above Three Costs Change(%)
10.82
5.39
26.05
0.92
Operating Profit(Million)
75.7784
336.0933
241.9815
203.4001
Income From Investment(Million)
14.8841
-48.5616
-47.1506
-32.3434
Government Subsidies(Million)
-
-
-
-
Net Non-Operating Income And Expense(Million)
-1.5561
2.1119
50.0091
-3.3603
Total Profit(Million)
74.2222
338.2051
291.9906
200.0397
Corporate Income Tax(Million)
18.3479
87.4289
75.216
51.0651
Net Profit(Million)
55.8743
250.7762
216.7746
148.897
Gross Profit Ratio(%)
5.69
10.16
12.45
12.94
Operating Margin(%)
1.38
5.70
6.00
6.16
Return On Equity(ROE)(%)
2.00
8.97
31.58
31.72

Announcements for Zhejiang Ming Jewelry Co.,Ltd.

Date: 2012-09-20
Title: EGM RESOLUTION
The Company held its 1st Extraordinary General Meeting of 2012 on 19 September 2012, during which the following proposal(s) was/were approved:
1. Change in the implementing methods and location of some project invested with raised funds
2. Use of surplus over-raised fund to replenish the funding gap of a production base project
3. Formulation of the plan for the shareholders' dividend return for the next three years(2012-2014)
4. Amendments to the Company's articles of association
Date: 2012-09-04
Title: EGM-SPOT
The Company will hold the 1st Extraordinary General Meeting of 2012 at 14:00 on 19 September 2012.

Meeting agenda:
1. Change in the implementing methods and location of some project invested with raised funds
2. Use of surplus over-raised fund to replenish the funding gap of a production base project
3. Formulation of the plan for the shareholders' dividend return for the next three years(2012-2014)
4. Amendments to the Company's articles of association


Meeting attendees:
1. A-share holders registered at CSDCC Shenzhen after the close of trading on 14 September 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 17 September 2012 to 18 September 2012
Date: 2012-05-29
Title: DIVIDEND IMPLEMENTATION (CASH ONLY)
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): none


Record date: 05 June 2012
Ex-date: 06 June 2012
Payment date: 06 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: 2012-05-15
Title: AGM RESOLUTION
The Company held its Annual General Meeting of 2011 on 12 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. 2011 special report on the deposit and use of raised funds
7. 2012 continuing connected transactions estimate
8. 2011 work report of independent directors
9. Election of directors, including Yu Tuliang, Yu Awu, Yin Ageng, Yin Shangliang, Sun Fengmin, Zhou Hong, Xu Xiaoge
10. Election of shareholder representative supervisors, including Yu Chuliang, Li Yunfu
11. Adjustment to the allowance for independent directors
12. Reappointment of audit firm
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): none.
Date: 2012-05-08
Title: AGM REMINDER
The Company will hold the 2011 Annual General Meeting at 14:00 on 12 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. 2011 special report on the deposit and use of raised funds
7. 2012 continuing connected transactions estimate
8. 2011 work report of independent directors
9. Election of directors, including Yu Tuliang, Yu Awu, Yin Ageng, Yin Shangliang, Sun Fengmin, Zhou Hong, Xu Xiaoge
10. Election of shareholder representative supervisors, including Yu Chuliang, Li Yunfu
11. Adjustment to the allowance for independent directors
12. Reappointment of audit firm
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): none

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: 11 May 2012.
Date: 2012-04-20
Title: RESTRICTED SHARE LISTING
Among the Company's 14620144 restricted shares to be unlocked on 23 April 2012, 14620144 of them will be tradable on the Shenzhen Stock Exchange on that day.
Date: 2012-04-18
Title: FINAL DIVIDEND
The Company issued its 2011 annual report on 18 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):none.
Date: 2012-04-18
Title: AGM-SPOT
The Company will hold the 2011 Annual General Meeting at 14:00 on 12 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. 2011 special report on the deposit and use of raised funds
7. 2012 continuing connected transactions estimate
8. 2011 work report of independent directors
9. Election of directors, including Yu Tuliang, Yu Awu, Yin Ageng, Yin Shangliang, Sun Fengmin, Zhou Hong, Xu Xiaoge
10. Election of shareholder representative supervisors, including Yu Chuliang, Li Yunfu
11. Adjustment to the allowance for independent directors
12. Reappointment of audit firm
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): none

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: 11 May 2012
Date: 2011-12-13
Title: EGM REMINDER
The Company will hold the 2nd Extraordinary General Meeting of 2011 at 14:00 on 16 December 2011.

Meeting agenda:
1. The Company's eligibility for issue of corporate bonds
2. Scheme for the Company's issue of corporate bonds
3. Authorization to the board to handle matters in relation to the issue of corporate bonds within the scope set out by the relevant laws and regulations

Meeting attendees:
1.A-share holders registered at CSDCC Shenzhen after the close of trading on 08 December 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: 15 December 2011

The Company's shareholder may choose to vote online via the trading system of Shenzhen Stock Exchange or via the website of http://wltp.cninfo.com.cn.

Part I Voting via the trading system
Voting date: 16 December 2011
Voting code:362574
Voting abbreviation:Ming Jewelry voting
Voting process:
1. To input the "buy" instruction to begin voting
2. To input the serial number of the Annual General Meeting proposals under the item of "subscription price" "1 share" for voting for, "2 shares" for voting against and "3 shares" for "abstention".

Part II Voting via the internet
Shareholders may choose the CA (certification authority) or service password for identity verification. As to the service password, shareholders may apply for a password on the website http://www.szse.cn or http://wltp.cninfo.com.cn.
Voting period: from 15 December 2011 to 16 December 2011.
Date: 2011-12-01
Title: EGM-ONLINE
The Company will hold the 2nd Extraordinary General Meeting of 2011 at 14:00 on 16 December 2011.

Meeting agenda:
1. The Company's eligibility for issue of corporate bonds
2. Scheme for the Company's issue of corporate bonds
3. Authorization to the board to handle matters in relation to the issue of corporate bonds within the scope set out by the relevant laws and regulations

Meeting attendees:
1.A-share holders registered at CSDCC Shenzhen after the close of trading on 08 December 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: 15 December 2011

The Company's shareholder may choose to vote online via the trading system of Shenzhen Stock Exchange or via the website of http://wltp.cninfo.com.cn.
Part I Voting via the trading system
Voting date: 16 December 2011
Voting code:362574
Voting abbreviation:Ming Jewelry voting
Voting process:
1.To input the "buy" instruction to begin voting
2.To input the serial number of the Investors Meeting proposals under the item of "subscription price" "1 share" for voting for, "2 shares" for voting against and "3 shares" for "abstention".

Part II Voting via the internet
Shareholders may choose the CA (certification authority) or service password for identity verification. As to the service password, shareholders may apply for a password on the website http://www.szse.cn or http://wltp.cninfo.com.cn.
Voting period: from 15 December 2011 to 16 December 2011.