Zhejiang Zhongcheng Packing Material Co.,Ltd



Quote for Zhejiang Zhongcheng Packing Material Co.,Ltd

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Symbol/Code:
002522
Status:
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Stock Type:
A Share
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Currency in CNY Time=UTC+8002522 quote

Summary for Zhejiang Zhongcheng Packing Material Co.,Ltd

Zhejiang Zhongcheng Packing Material Co., Ltd is principally engaged in the research, development, manufacture and distribution of multi-layer co-extruded polyolefins (POF) heat shrinkable films. The Company primarily provides POF ordinary films, POF cross-linked films and POF high performance films, including POF heat shrinkable films, cross-linked shrinkable films, anti-fogging cross-linked shrinkable films, low shrinkable films and shrinkable films for printing, among others. The Company distributes its products in domestic and overseas markets. During the year ended December 31, 2010, the Company obtained approximately 74% and 20% from the sale of POF ordinary films and POF cross-linked films.

Profile for Zhejiang Zhongcheng Packing Material Co.,Ltd

Full Name:Zhejiang Zhongcheng Packing Material Co.,Ltd
Full Name in Chinese:浙江众成包装材料股份有限公司 Short Name in Chinese:浙江众成
Symbol/Stock Code:
002522
Listed in:
Shenzhen Stock Exchange
Issued Capital
-
Negotiable Capital:
-
Chairman:
Chen Dakui
Secretary of the Board:
Wu Jun
Phone:
+86-573-84187845
Fax:
+86-573-84187829
Official Website:www.zjzhongda.com
E-mail:sec@zjzhongda.com
Address:No.26 Liuxi Road,Jiashan Economic Development Z,JIAXING ZHJ 314100
IPO Subscription Date:
2010-12-01
Listing Date:
2010-12-10
IPO Issued Capital:
26670000
IPO Price:
30 CNY
IPO fees:
43521400 CNY
Money Raised by IPO:
800100000 CNY
IPO Par Value:
1.00 CNY
Net Money Raised:
756578600 CNY
Open(Listing day):
34.00 CNY
Close(Listing day):
38.30 CNY
Diluted P/E ratio after IPO:
65.2200
Turnover rate(listing day):
81.70%

Financials for Zhejiang Zhongcheng Packing Material Co.,Ltd

UPDATE:2012-10-28 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)
74.4899
103.188
74.3462
48.9963
Net Profit Growth(%)
-7.98
38.79
51.73
69.16
Return On Equity(ROE)(%)
6.78
9.60
7.49
30.18
Debt ratio(%)
9.68
13.00
9.95
58.17
Net Operating Cash Flow/Net Profit(%)
105.01
124.23
68.72
208.72

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)
0.4400
0.6000
0.5800
0.6100
Diluted Earnings Per Share
0.0000
0.5800
0.5800
0.6200
Net Asset Value Per Share (NAVPS)
6.4400
6.3000
9.3100
2.0300
Additional Paid-In Capital Per Share
4.0335
4.0335
7.0536
0.2813
Retained Earnings Per Share
1.2631
1.1267
1.1321
0.6730
Net Cash Flow From Operatings Activities Per Share
0.4600
0.7500
0.4800
1.2800
Net Cash Flow Per Share
-0.6527
-0.6837
6.1105
1.4531

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)
1220.3698
1235.8652
1103.0816
388.1192
Total Liabilities(Million)
118.2225
160.7558
109.8262
225.7885
Current Liabilities(Million)
117.4155
159.9488
109.0192
225.7885
Long Term Liabilities(Million)
-
-
-
-
Cash And Cash Equivalents(Million)
556.0957
664.6758
776.3526
132.4637
Accounts Receivables(Million)
47.538
52.108
46.1212
31.0214
Deposit Received(Million)
4.1281
3.8299
4.4056
3.5752
Other Receivables(Million)
1.9199
3.7778
0.0581
0.0755
Bad Debt Reserve(Million)
-
-
-
-
Shareholder's Equity/Owner's Equity(Million)
1098.3977
1075.1094
993.2554
162.3307
Debt ratio(%)
9.68
13.00
9.95
58.17
Equity Ratio(%)
90.0000
86.9900
90.0400
41.8200
Current Ratio
6.5453
5.6436
8.2875
0.9453
Quick Ratio
5.9041
5.0955
7.5645
0.7352

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)
352.0969
483.8161
408.2544
338.4883
Net Cash Flow From Operatings Activities(Million)
78.2217
128.1894
51.0902
102.2636
Net Cash Flow From Operatings Activities Change(%)
-6.16
150.91
-50.04
-902.94
Net Cash Flow(Million)
-111.3991
-116.6818
651.8122
116.2506
Cash From Selling Commodities/Prime Revenue(%)
108.00
105.29
102.83
103.96
Net Cash Flow/Net Profit(%)
-149.55
-113.08
876.73
237.26
Cash Flow From Investing Activities(Million)
-149.1743
-202.1742
-48.4327
-21.1403
Cash Flow From Financing Activities(Million)
-40.5144
-40.7172
649.1547
35.1273

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)
326.0268
459.5048
397.0284
325.5943
Prime Operating Profit(Million)
-
-
-
-
Operating Costs(Million)
12.0398
15.8145
14.2185
12.055
Administrative Costs(Million)
24.7906
32.5116
28.7257
19.4482
Financing Costs(Million)
-9.8537
-17.2583
1.5911
4.673
Above Three Costs Change(%)
34.18
-30.24
23.11
-10.59
Operating Profit(Million)
87.1267
116.8506
88.6289
66.3958
Income From Investment(Million)
3.1224
0.0874
-
-
Government Subsidies(Million)
-
-
-
-
Net Non-Operating Income And Expense(Million)
0.7388
5.0401
0.17
-0.6483
Total Profit(Million)
87.8655
121.8907
88.799
65.7475
Corporate Income Tax(Million)
13.3761
18.7027
14.4528
16.7512
Net Profit(Million)
74.4899
103.188
74.3462
48.9963
Gross Profit Ratio(%)
34.54
32.73
34.02
32.10
Operating Margin(%)
26.72
25.42
22.32
20.39
Return On Equity(ROE)(%)
6.78
9.60
7.49
30.18

Announcements for Zhejiang Zhongcheng Packing Material Co.,Ltd

Date: 2012-09-26
Title: EGM RESOLUTION
The Company held its 1st Extraordinary General Meeting of 2012 on 25 September 2012, during which the following proposal(s) was/were approved:
1. Amendments to the Company's articles of association
2. Election of Gong Boyong as independent director
Date: 2012-04-20
Title: AGM RESOLUTION
The Company held its Annual General Meeting of 2011 on 19 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 and 2012 financial budget report
4. 2011 annual report and its summary
5. 2011 profit distribution plan
6. Appointment of audit firm
7. 2011 internal control self-evaluation report
8. 2011 special report on the deposit and use of raised funds
9. Adjustment to the fund use plan for a project
10. Determination of 2011 remuneration for directors, supervisors and senior management
The detailed profit distribution plan are as follows:
1) Cash dividend/10 shares (tax included): CNY3.00000000
2) Bonus issue from profit (share/10 shares): none
3) Bonus issue from capital reserve (share/10 shares): none.
Date: 2012-03-29
Title: FINAL DIVIDEND
The Company issued its 2011 annual report on 29 March 2012.

The profit distribution proposal for 2011:
1. Cash dividend/10 shares (tax included): CNY3.00000000
2. Bonus issue from profit (share/10 shares):none
3. Bonus issue from capital reserve (share/10 shares):none.
Date: 2012-03-29
Title: AGM-SPOT
The Company will hold the 2011 Annual General Meeting at 10:00 on 19 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 and 2012 financial budget report
4. 2011 annual report and its summary
5. 2011 profit distribution plan
6. Appointment of audit firm
7. 2011 internal control self-evaluation report
8. 2011 special report on the deposit and use of raised funds
9. Adjustment to the fund use plan for a project
10. Determination of 2011 remuneration for directors, supervisors and senior management
The detailed profit distribution plan are as follows:
1) Cash dividend/10 shares (tax included): CNY3.00000000
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 12 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: 12 April 2012
Date: 2011-12-23
Title: EGM RESOLUTION
The Company held its 1st Extraordinary General Meeting of 2011 on 22 December 2011, during which the following proposal(s) was/were approved:
1. Election of non-independent directors including Chen Dakui, Chen Jian, Wu Jun, Zhao Zhongce
2. Election of independent directors including Han Jiangnan, Shentu Baoqing, Wang Jian
3. Election of non-employee supervisors including Ding Xiaowen, Zhan Yueqiang
4. To increase the investment quota in low-risk financial products with idle self-raised fund.
Date: 2011-12-07
Title: RESTRICTED SHARE LISTING
Among the Company's 8640000 restricted shares to be unlocked on 12 December 2011, 8640000 of them will be tradable on the Shenzhen Stock Exchange on that day.
Date: 2011-12-07
Title: EGM-SPOT
The Company will hold the 1st Extraordinary General Meeting of 2011 at 10:00 on 22 December 2011.

Meeting agenda:
1. Election of non-independent directors including Chen Dakui, Chen Jian, Wu Jun, Zhao Zhongce
2. Election of independent directors including Han Jiangnan, Shentu Baoqing, Wang Jian
3. Election of non-employee supervisors including Ding Xiaowen, Zhan Yueqiang
4. To increase the investment quota in low-risk financial products with idle self-raised fund

Meeting attendees:
1. A-share holders registered at CSDCC Shenzhen after the close of trading on 13 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: 13 December 2011
Date: 2011-05-04
Title: DIVIDEND IMPLEMENTATION (CASH AND BONUS ISSUE)
2010 FINAL DISTRIBUTION PLAN TO BE IMPLEMENTED (A SHARES):

1. CASH DIVIDEND/10 SHARES (TAX INCLUDED): CNY2.0000
2. BONUS ISSUE FROM PROFIT (SHARE/10 SHARES): NONE
3. BONUS ISSUE FROM CAPITAL RESERVE (SHARE/10 SHARES): 6.00


RECORD DATE: 10MAY11
EX-DATE: 11MAY11
PAYMENT DATE: 11MAY11
LISTING DATE OF THE BONUS ISSUES: 11MAY11
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: CNY 0.200000(10 PERCENT X CNY 2.000000)
NET CASH DIVIDEND/10 SHARES AFTER TAX: CNY 1.800000(CNY 2.000000- CNY0.200000)
Date: 2011-04-27
Title: AGM RESOLUTION
THE CO HELD ITS 2010 AGM ON 26APR11, DURING WHICH THE FOLLOWING PROPOSAL(S) WAS/WERE APPROVED:
1. 2010 WORK REPORT OF THE BOARD OF DIRECTORS
2. 2010 WORK REPORT OF THE SUPERVISORY COMMITTEE
3. 2010 FINANCIAL RESOLUTION REPORT
4. 2010 ANNUAL REPORT AND ITS SUMMARY
5. 2010 PROFIT DISTRIBUTION PLAN
6. APPOINTMENT OF AUDIT FIRM
7. REPORT ON 2010 INTERNAL CONTROL SELF ASSESSMENT
8. SPECIAL REPORT ON THE DEPOSIT AND USE OF RAISED FUNDS IN 2010
9. USE OF PARTIAL EXCESS FUNDS RAISED TO INVEST IN A PRODUCTION LINE PROJECT
10. TO DECIDE THE REMUNERATION PLAN FOR DIRECTORS AND SUPERVISORS AND SENIOR MANAGEMENT
11. AMENDMENTS TO THE RULES OF PROCEDURES FOR GENERAL MEETINGS
12. AMENDMENTS TO THE RULES OF PROCEDURES FOR THE DIRECTORS BOARD
13. AMENDMENTS TO THE WORK RULES FOR INDEPENDENT DIRECTORS
14. AMENDMENTS TO THE CONNECTED TRANSACTIONS SYSTEM
15. AMENDMENTS TO THE EXTERNAL GUARANTEE SYSYTEM
16. AMENDMENTS TO THE AUTHORIZATION MANAGEMENT SYSYTEM
THE DETAILED PROFIT DISTRIBUTION PLAN ARE AS FOLLOWS:
1) CASH DIVIDEND/10 SHARES (TAX INCLUDED): CNY2.0000
2) BONUS ISSUE FROM PROFIT (SHARE/10 SHARES): NONE
3) BONUS ISSUE FROM CAPITAL RESERVE (SHARE/10 SHARES): 6.00
Date: 2011-04-01
Title: AGM-SPOT
THE CO WILL HOLD THE 2010 AGM AT 10:00 ON 26APR11.

MEETING AGENDA:
1. 2010 WORK REPORT OF THE BOARD OF DIRECTORS
2. 2010 WORK REPORT OF THE SUPERVISORY COMMITTEE
3. 2010 FINANCIAL RESOLUTION REPORT
4. 2010 ANNUAL REPORT AND ITS SUMMARY
5. 2010 PROFIT DISTRIBUTION PLAN
6. APPOINTMENT OF AUDIT FIRM
7. REPORT ON 2010 INTERNAL CONTROL SELF ASSESSMENT
8. SPECIAL REPORT ON THE DEPOSIT AND USE OF RAISED FUNDS IN 2010
9. USE OF PARTIAL EXCESS FUNDS RAISED TO INVEST IN A PRODUCTION LINE PROJECT
10. TO DECIDE THE REMUNERATION PLAN FOR DIRECTORS AND SUPERVISORS AND SENIOR MANAGEMENT
11. AMENDMENTS TO THE RULES OF PROCEDURES FOR GENERAL MEETINGS
12. AMENDMENTS TO THE RULES OF PROCEDURES FOR THE DIRECTORS BOARD
13. AMENDMENTS TO THE WORK RULES FOR INDEPENDENT DIRECTORS
14. AMENDMENTS TO THE CONNECTED TRANSACTIONS SYSTEM
15. AMENDMENTS TO THE EXTERNAL GUARANTEE SYSYTEM
16. AMENDMENTS TO THE AUTHORIZATION MANAGEMENT SYSYTEM
THE DETAILED PROFIT DISTRIBUTION PLAN ARE AS FOLLOWS:
1) CASH DIVIDEND/10 SHARES (TAX INCLUDED): CNY2.0000
2) BONUS ISSUE FROM PROFIT (SHARE/10 SHARES): NONE
3) BONUS ISSUE FROM CAPITAL RESERVE (SHARE/10 SHARES): 6.00

MEETING ATTENDEES:
1. A-SHARE HOLDERS REGISTERED AT CSDCC SZN AFTER THE CLOSE OF TRADING ON 19APR11 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: 19APR11