Zhejiang Satellite Petrochemical Co., Ltd.



Quote for Zhejiang Satellite Petrochemical Co., Ltd.

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Symbol/Code:
002648
Status:
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Stock Type:
A Share
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Currency in CNY Time=UTC+8002648 quote

Summary for Zhejiang Satellite Petrochemical Co., Ltd.

ZHEJIANG SATELLITE PETROCHEMICAL CO., LTD. is principally engaged in the manufacture and distribution of acrylic products, esters, macromolecule materials and organic pigment intermediates. The Company primarily provides acrylic and esters, including acrylic, methacrylate, ethyl acrylate and butyl acrylate; acrylic ester macromolecule emulsion, including textile thickeners, fabric coating gums, water-soluble adhesives and flocking adhesives, as well as pigment intermediates and methacrulic acid. Its products are applied in the manufacture of coatings, artificial rubber, adhesives, pharmaceuticals, leather products, fabrics, pigments, agricultural chemicals, organic glass, resin materials, plastics, lubricants and insulation materials, among others. The Company is also involved in transportation business.

Profile for Zhejiang Satellite Petrochemical Co., Ltd.

Full Name:Zhejiang Satellite Petrochemical Co., Ltd.
Full Name in Chinese:浙江卫星石化股份有限公司 Short Name in Chinese:卫星石化
Symbol/Stock Code:
002648
Listed in:
Shenzhen Stock Exchange
Issued Capital
-
Negotiable Capital:
-
Chairman:
Ma Guolin
Secretary of the Board:
Shen Xiaowei
Phone:
+86-573-82229096
Fax:
+86-573-82229088
Official Website:www.satlpec.com
E-mail:satlpec@gmail.com
Address:Bujiao Road, Jiaxing Industrial ,Nanhu District,JIAXING 314004
IPO Subscription Date:
2011-12-16
Listing Date:
2011-12-28
IPO Issued Capital:
50000000
IPO Price:
40 CNY
IPO fees:
99126200 CNY
Money Raised by IPO:
2000000000 CNY
IPO Par Value:
1.00 CNY
Net Money Raised:
1900873800 CNY
Open(Listing day):
35.58 CNY
Close(Listing day):
35.65 CNY
Diluted P/E ratio after IPO:
26.1400
Turnover rate(listing day):
33.35%

Financials for Zhejiang Satellite Petrochemical Co., Ltd.

UPDATE:2012-10-24 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)
288.5127
629.7248
305.7758
107.5108
Net Profit Growth(%)
-43.15
105.94
184.41
99.20
Return On Equity(ROE)(%)
9.23
20.78
47.51
38.62
Debt ratio(%)
11.80
25.24
45.85
57.34
Net Operating Cash Flow/Net Profit(%)
172.22
-14.60
54.10
52.43

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)
0.7200
4.2000
2.2700
1.0300
Diluted Earnings Per Share
0.0000
4.1500
2.3000
0.5800
Net Asset Value Per Share (NAVPS)
7.8100
15.1600
4.2900
3.7200
Additional Paid-In Capital Per Share
4.6348
10.2697
1.3538
0.0740
Retained Earnings Per Share
1.8225
3.2025
1.4817
2.1471
Net Cash Flow From Operatings Activities Per Share
1.2400
-0.4600
1.1000
0.7500
Net Cash Flow Per Share
-1.9969
9.2181
0.6440
0.0769

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)
3542.6339
4054.7034
1188.5588
652.6028
Total Liabilities(Million)
418.1024
1023.5841
544.9629
374.2364
Current Liabilities(Million)
418.1024
694.0841
381.9629
349.2364
Long Term Liabilities(Million)
-
-
-
-
Cash And Cash Equivalents(Million)
1196.2822
1995.0554
151.4377
54.8385
Accounts Receivables(Million)
149.7413
119.8907
101.1442
68.2837
Deposit Received(Million)
37.6922
31.2669
31.662
4.9532
Other Receivables(Million)
6.3539
6.8844
7.6012
11.8699
Bad Debt Reserve(Million)
-
-
-
-
Shareholder's Equity/Owner's Equity(Million)
3124.5315
3031.1193
643.5959
278.3663
Debt ratio(%)
11.80
25.24
45.85
57.34
Equity Ratio(%)
88.1900
74.7500
54.1400
42.6500
Current Ratio
6.0030
4.7640
1.6019
1.0402
Quick Ratio
5.5766
4.3100
1.1562
0.6589

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)
2566.5878
2883.0245
1676.1465
1085.8596
Net Cash Flow From Operatings Activities(Million)
496.8835
-91.9116
165.4144
56.3716
Net Cash Flow From Operatings Activities Change(%)
218.15
-155.56
193.44
-64.15
Net Cash Flow(Million)
-798.7732
1843.6178
96.5992
5.7495
Cash From Selling Commodities/Prime Revenue(%)
108.73
88.77
102.64
113.93
Net Cash Flow/Net Profit(%)
-276.86
292.77
31.59
5.35
Cash Flow From Investing Activities(Million)
-371.576
-164.1026
-174.0847
-103.2432
Cash Flow From Financing Activities(Million)
-922.7039
2096.7908
108.3206
51.8045

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)
2360.463
3247.8674
1633.0728
953.0851
Prime Operating Profit(Million)
-
-
-
-
Operating Costs(Million)
55.5537
50.5024
20.6148
11.6709
Administrative Costs(Million)
121.2289
164.3784
116.3944
61.215
Financing Costs(Million)
-7.0538
30.1493
16.8339
13.2524
Above Three Costs Change(%)
4.44
59.27
78.60
33.91
Operating Profit(Million)
330.3413
710.6747
327.8468
112.7179
Income From Investment(Million)
-
-
-
-
Government Subsidies(Million)
-
-
-
-
Net Non-Operating Income And Expense(Million)
10.4489
5.1009
5.0116
-0.1326
Total Profit(Million)
340.7902
715.7756
332.8585
112.5853
Corporate Income Tax(Million)
52.2775
86.0508
27.0826
5.0745
Net Profit(Million)
288.5127
629.7248
305.7758
107.5108
Gross Profit Ratio(%)
21.78
29.94
29.74
21.20
Operating Margin(%)
13.99
21.88
20.07
11.82
Return On Equity(ROE)(%)
9.23
20.78
47.51
38.62

Announcements for Zhejiang Satellite Petrochemical Co., Ltd.

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): CNY10.00000000
2. Bonus issue from profit (share/10 shares): none
3. Bonus issue from capital reserve (share/10 shares): 10.0000


Record date: 16 May 2012
Ex-date: 17 May 2012
Payment date: 17 May 2012
Listing date of the bonus issues: 17 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: CNY1.00000000(10 percent x CNY10.00000000)
Net cash dividend/10 shares after tax: CNY9.00000000(CNY10.00000000- CNY1.00000000)
Date: 2012-04-27
Title: AGM RESOLUTION
The Company held its Annual General Meeting of 2011 on 26 April 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 annual report and its summary
5. 2011 profit distribution plan
6. Reappointment of audit firm
7. Guarantee for controlled subsidiaries
8. Formulation of the management system for the shareholding in the Company and shareholding changes by directors, supervisors and senior management
9. Investment agreement to be signed
The detailed profit distribution plan are as follows:
1) Cash dividend/10 shares (tax included): CNY10.00000000
2) Bonus issue from profit (share/10 shares): none
3) Bonus issue from capital reserve (share/10 shares): 10.00.
Date: 2012-04-06
Title: FINAL DIVIDEND
The Company issued its 2011 annual report on 06 April 2012.

The profit distribution proposal for 2011:
1. Cash dividend/10 shares (tax included): CNY10.00000000
2. Bonus issue from profit (share/10 shares):none
3. Bonus issue from capital reserve (share/10 shares):10.0000.
Date: 2012-04-06
Title: AGM-SPOT
The Company will hold the 2011 Annual General Meeting at 09:30 on 26 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
4. 2011 annual report and its summary
5. 2011 profit distribution plan
6. Reappointment of audit firm
7. Guarantee for controlled subsidiaries
8. Formulation of the management system for the shareholding in the Company and shareholding changes by directors, supervisors and senior management
9. Investment agreement to be signed
The detailed profit distribution plan are as follows:
1) Cash dividend/10 shares (tax included): CNY10.00000000
2) Bonus issue from profit (share/10 shares): none
3) Bonus issue from capital reserve (share/10 shares): 10.0000

Meeting attendees:
1. A-share holders registered at CSDCC Shenzhen after the close of trading on 19 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: 23 April 2012
Date: 2012-03-27
Title: PLACING SHARE LISTING
The Company's 10 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 28 March 2012.
Date: 2012-02-24
Title: EGM RESOLUTION
The Company held its 1st Extraordinary General Meeting of 2012 on 23 February 2012, during which the following proposal(s) was/were approved:
1. To sign the agreement on transferring equity of a company
2. Use of partial over raised funds to pay the equity transferring price under the agreement on transferring equity of the above company
3. Investment in the above company.
Date: 2012-02-08
Title: EGM-SPOT
The Company will hold the 1st Extraordinary General Meeting of 2012 at 10:00 on 23 February 2012.

Meeting agenda:
1. To sign the agreement on transferring equity of a company
2. Use of partial over raised funds to pay the equity transferring price under the agreement on transferring equity of the above company
3. Investment in the above company

Meeting attendees:
1. A-share holders registered at CSDCC Shenzhen after the close of trading on 17 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: 21 February 2012
Date: 2011-12-27
Title: IPO SHARE LISTING
The Company issued a total of 50 million shares (code:002648) in its initial public offering. Of the shares,40 million shares will be listed on the Shenzhen Stock Exchange on 28 December 2011 while the remainder will become tradable three months later.
Date: 2011-12-15
Title: IPO-ONLINE SUBSCRIPTION
Zhejiang Satellite Petrochemical 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: 002648
3. Stock abbreviation: Satellite Petrochemical
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: 10.000000 million shares
9. Online offering volume: 40.000000 million shares
10. Price: CNY40.00 per share
11. Offline subscription period: 16 December 2011
12. Online subscription date: 16 December 2011.
Date: 2011-12-08
Title: IPO
Zhejiang Satellite Petrochemical 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: 10.0000 million shares
7.Online offering volume:40.0000 million shares
8.IPO price inquiry period: from 09 December 2011 to 13 December 2011
9.IPO price determined: 15 December 2011
10.Offline subscription date:16 December 2011
11.Online subscription date: 16 December 2011
12.Expected listing date:N/A.