Zhejiang Vie Science & Technology Co., Ltd.



Quote for Zhejiang Vie Science & Technology Co., Ltd.

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Symbol/Code:
002590
Status:
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Stock Type:
A Share
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Currency in CNY Time=UTC+8002590 quote

Summary for Zhejiang Vie Science & Technology Co., Ltd.

ZheJiang Vie Science & Technology Co., Ltd. is principally engaged in the research, development, manufacture and distribution of automobile brake systems. The Company primarily provides air pressure brake systems, including pneumatic brake valves, spinner piston spring brake chambers, brake interval adjusting devices and air disk brakes, among others; hydraulic brake systems, including vacuum strengtheners, hydraulic brake master cylinders, brake proportional valves and hydraulic disk brakes, as well as clutch operation systems, including clutch strengtheners, clutch master cylinders and clutch wheel cylinders. The Company's products are applied in the manufacture of business vehicles and passenger vehicles.

Profile for Zhejiang Vie Science & Technology Co., Ltd.

Full Name:Zhejiang Vie Science & Technology Co., Ltd.
Full Name in Chinese:浙江万安科技股份有限公司 Short Name in Chinese:万安科技
Symbol/Stock Code:
002590
Listed in:
Shenzhen Stock Exchange
Issued Capital
-
Negotiable Capital:
-
Chairman:
Chen Lixiang
Secretary of the Board:
Li Jianlin
Phone:
+86-0575-87165511
Fax:
+86-575-87659719
Official Website:www.vie.com.cn
E-mail:lijl@vie.com.cn
Address:Industrial Zone,Diankou Town, Zhuji City,SHAOXING ZHJ 311835
IPO Subscription Date:
2011-06-01
Listing Date:
2011-06-10
IPO Issued Capital:
23340000
IPO Price:
15.6 CNY
IPO fees:
34946300 CNY
Money Raised by IPO:
364104000 CNY
IPO Par Value:
1.00 CNY
Net Money Raised:
329157700 CNY
Open(Listing day):
19.60 CNY
Close(Listing day):
18.43 CNY
Diluted P/E ratio after IPO:
17.9300
Turnover rate(listing day):
87.07%

Financials for Zhejiang Vie Science & Technology 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)
11.563
43.7638
83.7465
57.5058
Net Profit Growth(%)
-76.56
-47.74
45.63
42.67
Return On Equity(ROE)(%)
1.80
6.85
31.50
31.47
Debt ratio(%)
58.28
59.33
71.20
71.96
Net Operating Cash Flow/Net Profit(%)
184.29
-127.96
78.39
252.11

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)
0.1000
0.5400
1.2000
0.8200
Diluted Earnings Per Share
0.0000
0.4900
1.1600
0.8200
Net Asset Value Per Share (NAVPS)
5.2800
6.8400
3.8000
2.6106
Additional Paid-In Capital Per Share
2.4359
3.4667
0.2537
0.2629
Retained Earnings Per Share
1.7082
2.1968
2.3485
1.2483
Net Cash Flow From Operatings Activities Per Share
0.1800
-0.6000
0.9378
2.0700
Net Cash Flow Per Share
-0.7760
2.7702
0.3390
0.0930

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)
1585.8391
1624.6641
997.2394
662.3795
Total Liabilities(Million)
924.3057
963.9576
710.0712
476.6577
Current Liabilities(Million)
848.3711
870.8327
696.2521
426.6577
Long Term Liabilities(Million)
-
-
-
-
Cash And Cash Equivalents(Million)
324.5882
401.6851
123.8114
104.5047
Accounts Receivables(Million)
240.4703
137.1652
117.5463
95.1076
Deposit Received(Million)
8.3783
10.3075
9.3473
3.0201
Other Receivables(Million)
6.409
9.4549
1.8649
1.7183
Bad Debt Reserve(Million)
-
-
-
-
Shareholder's Equity/Owner's Equity(Million)
640.9961
638.7671
265.8456
182.7421
Debt ratio(%)
58.28
59.33
71.20
71.96
Equity Ratio(%)
40.4100
39.3100
26.6500
27.5800
Current Ratio
1.1812
1.1917
0.8680
0.9584
Quick Ratio
0.9423
0.9179
0.5789
0.6686

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)
489.7978
662.2604
620.1524
477.7376
Net Cash Flow From Operatings Activities(Million)
21.3097
-56.0004
65.6469
144.9785
Net Cash Flow From Operatings Activities Change(%)
-142.81
-185.31
-54.72
64.85
Net Cash Flow(Million)
-94.1562
258.5703
23.727
6.508
Cash From Selling Commodities/Prime Revenue(%)
66.06
66.11
71.48
78.52
Net Cash Flow/Net Profit(%)
-814.29
590.83
28.33
11.32
Cash Flow From Investing Activities(Million)
-34.3201
-172.3332
-174.2005
-75.8406
Cash Flow From Financing Activities(Million)
-81.1458
486.904
132.2806
-62.6299

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)
741.4361
1001.7427
867.6226
608.406
Prime Operating Profit(Million)
-
-
-
-
Operating Costs(Million)
56.0784
78.6932
68.2472
52.3108
Administrative Costs(Million)
80.7231
100.8165
83.2255
60.7173
Financing Costs(Million)
20.4446
27.4846
14.48
12.3255
Above Three Costs Change(%)
14.94
24.73
32.39
10.43
Operating Profit(Million)
12.5649
48.7428
96.2917
67.772
Income From Investment(Million)
-
-
-
-
Government Subsidies(Million)
-
-
-
-
Net Non-Operating Income And Expense(Million)
3.249
3.5553
2.677
0.2342
Total Profit(Million)
15.8139
52.2981
98.9686
68.0062
Corporate Income Tax(Million)
4.843
7.9174
14.4972
10.5207
Net Profit(Million)
11.563
43.7638
83.7465
57.5058
Gross Profit Ratio(%)
23.23
26.82
31.21
32.70
Operating Margin(%)
1.69
4.86
11.09
11.13
Return On Equity(ROE)(%)
1.80
6.85
31.50
31.47

Announcements for Zhejiang Vie Science & Technology Co., Ltd.

Date: 2012-10-12
Title: EGM RESOLUTION
The Company held its 5th Extraordinary General Meeting of 2012 on 11 October 2012, during which the following proposal(s) was/were approved:
1. Appointment of directors
2. Termination on implementation of some projects invested with partial raised funds and use of its surplus raised funds and interests to permanently replenish working capital
Date: 2012-10-10
Title: EGM REMINDER
The Company will hold the 5th Extraordinary General Meeting of 2012 at 14:30 on 11 October 2012.

Meeting agenda:
1. Appointment of directors
2. Termination on implementation of some projects invested with partial raised funds and use of its surplus raised funds and interests to permanently replenish working capital


Meeting attendees:
1. A-share holders registered at CSDCC Shenzhen after the close of trading on 08 October 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 09 October 2012 to 10 October 2012

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: 11 October 2012
Voting code:362590
Voting abbreviation:Vie Science and Technology 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 10 October 2012 to 11 October 2012.
Date: 2012-09-25
Title: EGM-ONLINE
The Company will hold the 5th Extraordinary General Meeting of 2012 at 14:30 on 11 October 2012.

Meeting agenda:
1. Appointment of directors
2. Termination on implementation of projects invested with partial raised funds and use of its surplus raised funds and interests to permanently replenish working capital


Meeting attendees:
1. A-share holders registered at CSDCC Shenzhen after the close of trading on 08 October 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 09 October 2012 to 10 October 2012

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: 11 October 2012
Voting code:362590
Voting abbreviation:Science and Technology 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 10 October 2012 to 11 October 2012.
Date: 2012-09-25
Title: EGM RESOLUTION
The Company held its 4th Extraordinary General Meeting of 2012 on 22 September 2012, during which the following proposal(s) was/were approved:
1. Shareholder return plan for the next three years from 2012 to 2014
2. Amendments to the Company's articles of association
Date: 2012-08-29
Title: EGM-SPOT
The Company will hold the 4th Extraordinary General Meeting of 2012 at 09:30 on 22 September 2012.

Meeting agenda:
1. Shareholder return plan for the next three years from 2012 to 2014
2. Amendments to the Company's articles of association


Meeting attendees:
1. A-share holders registered at CSDCC Shenzhen after the close of trading on 19 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 20 September 2012 to 21 September 2012
Date: 2012-06-29
Title: EGM RESOLUTION
The Company held its 3rd Extraordinary General Meeting of 2012 on 28 June 2012, during which the following proposal(s) was/were approved:
1. Increase in the Company's registered capital and amendments to the Company's articles of association.
Date: 2012-06-13
Title: EGM-SPOT
The Company will hold the 3rd Extraordinary General Meeting of 2012 at 09:30 on 28 June 2012.

Meeting agenda:
1. Increase in the Company's registered capital and 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 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: 27 June 2012
Date: 2012-06-08
Title: RESTRICTED SHARE LISTING
Among the Company's 4884297 restricted shares to be unlocked on 11 June 2012, 4884297 of them will be tradable on the Shenzhen Stock Exchange on that day.
Date: 2012-05-29
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): 3.0000


Record date: 04 June 2012
Ex-date: 05 June 2012
Payment date: 05 June 2012
Listing date of the bonus issues: 05 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: 2012-05-25
Title: AGM RESOLUTION
The Company held its Annual General Meeting of 2011 on 24 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. 2012 financial budget report
5. 2011 annual report and its summary
6. 2011 profit distribution plan
7. Annual remuneration for directors, supervisors and senior management
8. Reappointment of audit firm
9. 2012 application for credit line to banks
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): 3.00.