Zhongyuan Special Steel Co.,Ltd.



Quote for Zhongyuan Special Steel Co.,Ltd.

Last Trade:
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Symbol/Code:
002423
Status:
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Stock Type:
A Share
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Currency in CNY Time=UTC+8002423 quote

Summary for Zhongyuan Special Steel Co.,Ltd.

ZHONGYUAN SPECIAL STEEL CO., LTD. is principally engaged in the research, development, manufacture and distribution of industrial specialty equipment and large-scale special steel precision forging products. The Company provides industrial specialty equipment, including petroleum equipment, retained mandrels and cast tube moulds, among others, which are applied in oil drilling and extracting, the manufacture of seamless steel pipes and ductile cast iron pipes, as well as large-scale special steel precision forging products, including customer-tailored steel forgings, mechanical processed parts and others, which are applied in the manufacture of petroleum, electric power, ship, metallurgical and mechanical equipment. The Company distributes its products in domestic and overseas markets, with China as its major market.

Profile for Zhongyuan Special Steel Co.,Ltd.

Full Name:Zhongyuan Special Steel Co.,Ltd.
Full Name in Chinese:中原特钢股份有限公司 Short Name in Chinese:中原特钢
Symbol/Stock Code:
002423
Listed in:
Shenzhen Stock Exchange
Issued Capital
-
Negotiable Capital:
-
Chairman:
Li Zongqiao
Secretary of the Board:
Jiang Genbao
Phone:
+86-391-6099013
Fax:
+86-391-6099019
Official Website:www.zssw.com
E-mail:zytggf@163.com
Address:Xiaozhai Village, Chengliu Tow,Xiaozhai Village, Chengliu Tow,JIYUAN HEN 454685
IPO Subscription Date:
2010-05-24
Listing Date:
2010-06-03
IPO Issued Capital:
79000000
IPO Price:
9 CNY
IPO fees:
37169900 CNY
Money Raised by IPO:
711000000 CNY
IPO Par Value:
1.00 CNY
Net Money Raised:
673830100 CNY
Open(Listing day):
10.00 CNY
Close(Listing day):
10.06 CNY
Diluted P/E ratio after IPO:
47.3700
Turnover rate(listing day):
79.56%

Financials for Zhongyuan Special Steel Co.,Ltd.

UPDATE:2012-10-17 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)
11.2679
90.7436
95.8438
134.8305
Net Profit Growth(%)
-80.56
-5.32
-28.91
4.66
Return On Equity(ROE)(%)
0.64
4.95
5.23
13.37
Debt ratio(%)
37.22
32.77
30.92
45.57
Net Operating Cash Flow/Net Profit(%)
454.65
-117.33
45.27
99.57

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)
0.0240
0.1900
0.2200
0.3500
Diluted Earnings Per Share
0.0000
0.0500
0.1100
0.2300
Net Asset Value Per Share (NAVPS)
3.7700
3.9400
3.9400
2.6100
Additional Paid-In Capital Per Share
1.7730
1.9032
2.0339
0.7709
Retained Earnings Per Share
0.9139
0.9477
0.8241
0.7655
Net Cash Flow From Operatings Activities Per Share
0.1100
-0.2300
0.0900
0.3500
Net Cash Flow Per Share
-0.0097
-0.7145
1.2789
0.0577

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)
2797.6976
2726.1245
2652.5474
1852.8044
Total Liabilities(Million)
1041.3588
893.4417
820.4266
844.385
Current Liabilities(Million)
761.8976
671.4116
564.3709
599.2845
Long Term Liabilities(Million)
-
-
-
-
Cash And Cash Equivalents(Million)
424.8712
429.3777
761.5971
166.2536
Accounts Receivables(Million)
358.8847
253.8235
173.0695
212.2745
Deposit Received(Million)
32.0248
64.5024
67.7342
75.013
Other Receivables(Million)
1.7783
3.1019
2.4417
0.7503
Bad Debt Reserve(Million)
-
-
-
-
Shareholder's Equity/Owner's Equity(Million)
1756.3388
1832.6828
1832.1208
1008.4194
Debt ratio(%)
37.22
32.77
30.92
45.57
Equity Ratio(%)
62.7700
67.2200
69.0700
54.4200
Current Ratio
1.8993
1.9215
2.6714
1.4380
Quick Ratio
1.3313
1.2666
2.0115
0.9926

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)
1299.0365
1819.2528
1638.713
1768.7952
Net Cash Flow From Operatings Activities(Million)
51.23
-106.4668
43.387
134.249
Net Cash Flow From Operatings Activities Change(%)
-147.04
-345.39
-67.68
-43.63
Net Cash Flow(Million)
-4.5065
-332.6294
595.3435
22.3088
Cash From Selling Commodities/Prime Revenue(%)
96.43
104.75
116.46
105.94
Net Cash Flow/Net Profit(%)
-39.99
-366.56
621.16
16.55
Cash Flow From Investing Activities(Million)
-65.2277
-283.2144
-111.9184
-104.3568
Cash Flow From Financing Activities(Million)
9.5239
59.3399
665.629
-7.7777

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)
1347.1193
1736.8039
1407.0945
1669.5909
Prime Operating Profit(Million)
-
-
-
-
Operating Costs(Million)
29.9367
36.8478
31.7428
27.6198
Administrative Costs(Million)
146.7757
202.0066
188.3479
208.0027
Financing Costs(Million)
3.9155
4.593
1.9268
7.105
Above Three Costs Change(%)
24.14
9.65
-8.53
13.36
Operating Profit(Million)
12.4367
83.092
82.2234
103.796
Income From Investment(Million)
81.2148
72.1474
40.26
5.3367
Government Subsidies(Million)
-
-
-
-
Net Non-Operating Income And Expense(Million)
14.4458
22.3671
25.1366
47.2465
Total Profit(Million)
26.8825
105.4591
107.3599
151.0425
Corporate Income Tax(Million)
15.6146
14.7155
11.5162
16.212
Net Profit(Million)
11.2679
90.7436
95.8438
134.8305
Gross Profit Ratio(%)
8.44
15.13
18.36
20.22
Operating Margin(%)
0.92
4.78
5.84
6.21
Return On Equity(ROE)(%)
0.64
4.95
5.23
13.37

Announcements for Zhongyuan Special Steel Co.,Ltd.

Date: 2012-09-14
Title: EGM RESOLUTION
The Company held its 4th Extraordinary General Meeting of 2012 on 13 September 2012, during which the following proposal(s) was/were approved:
1. Investment in construction of a project
Date: 2012-08-28
Title: EGM-SPOT
The Company will hold the 4th Extraordinary General Meeting of 2012 at 10:00 on 13 September 2012.

Meeting agenda:
1. Investment in construction of a project


Meeting attendees:
1. A-share holders registered at CSDCC Shenzhen after the close of trading on 06 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 11 September 2012 to 11 September 2012
Date: 2012-08-21
Title: EGM RESOLUTION
The Company held its 3rd Extraordinary General Meeting of 2012 on 20 August 2012, during which the following proposal(s) was/were approved:
1. Amendments to the Company's articles of association
2. Formulation of dividend management system
3. Formulation of shareholders' return plan for years from 2012 to 2014
4. Overall relocation of a company and the government department to purchase the original land, workshops and other appurtenances
Date: 2012-07-04
Title: EGM-SPOT
The Company will hold the 2nd Extraordinary General Meeting of 2012 at 10:00 on 20 July 2012.

Meeting agenda:
1. Election of directors including Xu Bin, Wang Zhilin, accumulative voting system applicable

Meeting attendees:
1. A-share holders registered at CSDCC Shenzhen after the close of trading on 13 July 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: 18 July 2012
Date: 2012-06-08
Title: DIVIDEND IMPLEMENTATION (CASH ONLY)
2011 final distribution plan to be implemented (A shares):

1. Cash dividend/10 shares (tax included): CNY0.58000000
2. Bonus issue from profit (share/10 shares): none
3. Bonus issue from capital reserve (share/10 shares): none


Record date: 14 June 2012
Ex-date: 15 June 2012
Payment date: 15 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: CNY0.05800000(10 percent x CNY0.58000000)
Net cash dividend/10 shares after tax: CNY0.52200000(CNY0.58000000- CNY0.05800000)
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 annual report
4. 2011 financial resolution report
5. 2012 financial budget report
6. 2011 profit distribution plan
7. 2011 special report on the deposit and use of raised funds
8. Reappointment of audit firm
The detailed profit distribution plan are as follows:
1) Cash dividend/10 shares (tax included): CNY0.58000000
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): CNY0.58000000
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 annual report
4. 2011 financial resolution report
5. 2012 financial budget report
6. 2011 profit distribution plan
7. 2011 special report on the deposit and use of raised funds
8. Reappointment of audit firm
The detailed profit distribution plan are as follows:
1) Cash dividend/10 shares (tax included): CNY0.58000000
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 11 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: 17 April 2012
Date: 2012-02-01
Title: EGM RESOLUTION
The Company held its 1st Extraordinary General Meeting of 2012 on 31 January 2012, during which the following proposal(s) was/were approved:
1. Change of directors
2. Authorization to the chairman of the board to dispose the stock of Sany Heavy Industry Co., Ltd.
3. 2012 continuing connected transactions estimates.
Date: 2012-01-11
Title: EGM-SPOT
The Company will hold the 1st Extraordinary General Meeting of 2012 at 09:00 on 31 January 2012.

Meeting agenda:
1. Change of directors
2. Authorization to the chairman of the board to dispose the stock of Sany Heavy Industry Co., Ltd.
3. 2012 continuing connected transactions estimates

Meeting attendees:
1. A-share holders registered at CSDCC Shenzhen after the close of trading on 18 January 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: 20 January 2012