MIRA
INFORM REPORT
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Report Date : |
06.06.2012 |
IDENTIFICATION DETAILS
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Name : |
SUZHOU CHUNXING PRECISION MECHNCL CO LTD |
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Registered Office : |
No. 120, Jinling East Road, Weiting Town, Industrial Park, Suzhou, 215121 |
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Country : |
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Financials (as on) : |
31.03.2012 |
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Date of Incorporation : |
26.09.2001 |
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Legal Form : |
Public Independent Company |
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Line of Business : |
manufacturing of precise aluminum alloy structures
and the provision of related services |
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No. of Employees : |
1,516 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31st, 2012
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Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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China |
A2 |
A2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Company name & address
Suzhou Chunxing Precision Mechncl Co Ltd
No. 120, Jinling East Road
Weiting Town, Industrial Park
Suzhou, 215121
China
Tel: 86-512-62625319
Fax: 86-512-62625319
Synthesis
Employees: 1,516
Company Type: Public Independent
Traded: Shenzhen
Stock Exchange: 002547
Incorporation Date:
25-Sep-2001
Auditor: Huapu Tianjian Gaoshang CPA
Financials in: USD
(Millions)
Fiscal Year End: 31-Dec-2011
Reporting Currency: Chinese
Renminbi
Annual Sales: 128.0
1
Net Income: 2.5
Total Assets: 219.4
2
Market Value: 412.1 (25-May-2012)
Business Description
SuZhou ChunXing
Precision Mechanical CO., LTD. is principally engaged in the manufacturing of
precise aluminum alloy structures and the provision of related services. The
Company primarily provides precise aluminum alloy structures for communications
equipment, automobiles and other uses, including filter structures, radiator structures,
automobile cooling system structures, automobile seat belt reels and engine
structures, as well as stamping sheet metal structures, including automobile
seat pieces and frames, among others. The Company distributes its products
within domestic market and to overseas markets. For the six months ended 30
June 2011, Suzhou Chunxing Precision Mechncl Co., Ltd's revenue increased 58%
to RMB380.7M. Total net income increased 2% to RMB30.8M. Total revenues reflect
a growth in sales volume due to stronger demand and effective business
strategy. Net income was partially offset by increased selling, general and
administrative expenses, as well as the absence of investment income.
Industry
Industry Electronic Instruments and Controls
ANZSIC 2006: 2429 - Other
Electronic Equipment Manufacturing
NACE 2002: 3210 - Manufacture
of electronic valves and tubes and other electronic components
NAICS 2002: 334419 - Other
Electronic Component Manufacturing
UK SIC 2003: 3210 - Manufacture
of electronic valves and tubes and other electronic components
US SIC 1987: 3679 - Electronic
Components, Not Elsewhere Classified
Key Executives
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Name |
Title |
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Jiexiao Sun |
Chairman of the Board, General Manager |
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Chenkan Hua |
Chief Financial Officer, Finance Director |
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Suyun Xu |
Secretary of the Board, Deputy General
Manager |
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Lihui Chen |
Deputy General Manager |
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Youqiang Cao |
Director |
Significant Developments
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Topic |
#* |
Most Recent
Headline |
Date |
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Negative Earnings Pre-Announcement |
2 |
Suzhou Chunxing Precision Mechanical Co
Ltd Revises FY 2011 Net Profit Outlook |
19-Jan-2012 |
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Officer Changes |
1 |
Suzhou Chunxing Precision Mechanical Co
Ltd Announces Resignation of CFO |
12-Apr-2012 |
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Strategic Combinations |
1 |
Suzhou Chunxing Precision Mechanical Co
Ltd to Set up Joint Venture in India |
16-Sep-2011 |
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Business Deals |
1 |
Suzhou Chunxing Precision Mechanical Co
Ltd's Subsidiary Wins Bid |
22-Dec-2011 |
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Dividends |
2 |
Suzhou Chunxing Precision Mechanical Co
Ltd Announces FY 2011 Dividend Payment Date |
27-Apr-2012 |
* number of significant developments within the last 12 months
Financial Summary
As of 31-Mar-2012
Key Ratios Company Industry
Current Ratio (MRQ) 1.54
Quick Ratio (MRQ) 1.05
Debt to Equity (MRQ) 0.42
Net Profit Margin (TTM) % 4.22
Return on Assets (TTM) % 2.67
Return on Equity (TTM) % 4.08
Stock Snapshot
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Traded: Shenzhen Stock
Exchange: 002547 |
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As of 25-May-2012 Financials in: CNY |
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1 - Profit & Loss Item Exchange Rate: USD 1 = CNY 6.46438
2 - Balance Sheet Item Exchange Rate: USD 1 = CNY 6.294
Corporate Overview
Location
No. 120, Jinling East Road
Weiting Town, Industrial Park
Suzhou, 215121
China
Tel: 86-512-62625319
Fax: 86-512-62625319
Quote Symbol – Exchange 002547
- Shenzhen Stock Exchange
Sales CNY(mil): 827.2
Assets CNY(mil): 1,381.1
Employees: 1,516
Fiscal Year End: 31-Dec-2011
Industry: Electronic
Instruments and Controls
Incorporation Date: 25-Sep-2001
Company Type: Public
Independent
Quoted Status: Quoted
Secretary of the Board,
Deputy General Manager: Suyun
Xu
Company Web Links
Company Contact/E-mail
Home Page
Contents
Industry Codes
Business Description
Financial Data
Key Corporate Relationships
Industry Codes
ANZSIC 2006 Codes:
2429 - Other Electronic Equipment Manufacturing
2240 - Sheet Metal Product Manufacturing (except Metal Structural
and Container Products)
NACE 2002 Codes:
3430 - Manufacture of parts and accessories for motor vehicles and
their engines
3210 - Manufacture of electronic valves and tubes and other
electronic components
NAICS 2002 Codes:
334419 - Other Electronic Component Manufacturing
336370 - Motor Vehicle Metal Stamping
US SIC 1987:
3679 - Electronic Components, Not Elsewhere Classified
3465 - Automotive Stampings
UK SIC 2003:
3430 - Manufacture of parts and accessories for motor vehicles and
their engines
3210 - Manufacture of electronic valves and tubes and other
electronic components
Business
Description
SuZhou ChunXing
Precision Mechanical CO., LTD. is principally engaged in the manufacturing of
precise aluminum alloy structures and the provision of related services. The
Company primarily provides precise aluminum alloy structures for communications
equipment, automobiles and other uses, including filter structures, radiator
structures, automobile cooling system structures, automobile seat belt reels
and engine structures, as well as stamping sheet metal structures, including
automobile seat pieces and frames, among others. The Company distributes its
products within domestic market and to overseas markets. For the six months
ended 30 June 2011, Suzhou Chunxing Precision Mechncl Co., Ltd's revenue
increased 58% to RMB380.7M. Total net income increased 2% to RMB30.8M. Total
revenues reflect a growth in sales volume due to stronger demand and effective
business strategy. Net income was partially offset by increased selling,
general and administrative expenses, as well as the absence of investment
income.
More Business
Descriptions
Aluminum Structure Parts Mfr for Electronics
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Executive report
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Board of
Directors |
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Chairman of the Board, General Manager |
Chairman |
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Director |
Director/Board Member |
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Independent Director |
Director/Board Member |
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Deputy General Manager, Director |
Director/Board Member |
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Director |
Director/Board Member |
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Independent Director |
Director/Board Member |
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Executives |
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Chairman of the Board, General Manager |
Division Head Executive |
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Secretary of the Board, Deputy General Manager |
Company Secretary |
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Chief Financial Officer, Finance Director |
Finance Executive |
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Deputy General Manager |
Other |
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Deputy General Manager |
Other |
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Significant Developments
Suzhou Chunxing Precision Mechanical Co Ltd Announces FY 2011 Dividend Payment Date Apr 27, 2012
Suzhou Chunxing Precision Mechanical Co Ltd announced that it will use additional paid-in capital to distribute ten new shares for every 10 shares, to shareholders of record on May 8, 2012. The Company's shares will trade ex-right on May 9, 2012.
Suzhou Chunxing Precision Mechanical Co Ltd Announces Resignation of CFO Apr 12, 2012
Suzhou Chunxing Precision Mechanical Co Ltd announced the resignation of Mr. Shan Xingzhou as Chief Financial Officer in the Company, effective April 11, 2012.
Suzhou Chunxing Precision Mechanical Co Ltd Announces FY 2011 Dividend Payment Feb 09, 2012
Suzhou Chunxing Precision Mechanical Co Ltd announced that it will use additional paid-in capital to distribute ten new shares for every 10 shares, to shareholders for fiscal year 2011.
Suzhou Chunxing Precision Mechanical Co Ltd Revises FY 2011 Net Profit Outlook Jan 19, 2012
Suzhou Chunxing Precision Mechanical Co Ltd announced that it expects its net profit for fiscal year (FY) 2011 to be RMB 66.2289 million to RMB 46.3602 million, or to decrease by 0% to 30%, compared to that of FY 2010 (RMB 66,228,900). The Company previously announced that it expected the profit to increase by -15% to 15%. The Company cited the increased investment in research and development as the main reason for the revision.
Suzhou Chunxing Precision Mechanical Co Ltd's Subsidiary Wins Bid Dec 22, 2011
Suzhou Chunxing Precision Mechanical Co Ltd announced that the Company's wholly owned subsidiary, a Suzhou-based communication equipment company, has won a bid to supply communication equipment worth approximately RMB 35 million for Huawei Technologies Co., Ltd. in 2012.
Suzhou Chunxing Precision Mechanical Co Ltd to Set up Joint Venture in
India Sep 16, 2011
Suzhou Chunxing
Precision Mechanical Co Ltd announced that the Company will invest USD 2.97
million to set up a joint venture in India with its wholly owned subsidiary, a
Hong Kong-based company, with each to hold a 99% and a 1% stake. The joint
venture will be with a registered capital of USD 2 million and be engaged in
the research and development of precise parts of communication equipment and
automobile, and import and export of equipment, parts, raw materials and
technologies.
Suzhou Chunxing
Precision Mechanical Co Ltd Revises FY 2011 H1 Net Profit Outlook Jul 13, 2011
Suzhou Chunxing
Precision Mechanical Co Ltd announced that it expects its net profit for the
first half of fiscal year (FY) 2011 to be RMB 30,141,100 to RMB 36,169,300, or to
increase by 0% to 20%, compared to that of the same period in FY 2010 (RMB
30,141,100). The Company previously announced that it expected the profit to
increase by 20% to 40%. The Company cited the increased labor, research and
development expenses as the main reasons for the revision.
Annual Income Statement
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
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31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
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Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
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UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
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Filed Currency |
CNY |
CNY |
CNY |
CNY |
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Exchange Rate
(Period Average) |
6.46438 |
6.768989 |
6.831007 |
6.950445 |
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Auditor |
Huapu Tianjian
Gaoshang CPA |
Huapu Tianjian
Gaoshang CPA |
Huapu Tianjian
Gaoshang CPA |
Huapu Tianjian
Gaoshang CPA |
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Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
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Net Sales |
128.0 |
77.7 |
59.3 |
61.9 |
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Revenue |
128.0 |
77.7 |
59.3 |
61.9 |
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Total Revenue |
128.0 |
77.7 |
59.3 |
61.9 |
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Cost of Revenue |
103.4 |
58.4 |
45.0 |
49.5 |
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Excise Taxes Payments |
0.4 |
0.1 |
0.1 |
0.1 |
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Cost of Revenue, Total |
103.8 |
58.5 |
45.1 |
49.5 |
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Gross Profit |
24.1 |
19.2 |
14.2 |
12.4 |
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Selling/General/Administrative Expense |
11.5 |
5.5 |
4.0 |
3.8 |
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Total Selling/General/Administrative Expenses |
11.5 |
5.5 |
4.0 |
3.8 |
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Interest Expense -
Operating |
3.0 |
1.2 |
0.5 |
0.8 |
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Interest Expense - Net Operating |
3.0 |
1.2 |
0.5 |
0.8 |
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Interest Income -
Operating |
-0.5 |
-0.1 |
0.0 |
0.0 |
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Investment Income - Operating |
2.1 |
0.7 |
-1.1 |
0.0 |
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Interest/Investment Income - Operating |
1.6 |
0.6 |
-1.2 |
0.0 |
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Interest Expense (Income) - Net Operating Total |
4.6 |
1.8 |
-0.7 |
0.8 |
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Impairment-Assets Held for Use |
0.8 |
0.5 |
0.1 |
0.0 |
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Unusual Expense (Income) |
0.8 |
0.5 |
0.1 |
0.0 |
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Other Operating Expense |
0.1 |
0.1 |
0.1 |
0.3 |
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Other Operating Expenses, Total |
0.1 |
0.1 |
0.1 |
0.3 |
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Total Operating Expense |
125.4 |
66.5 |
48.7 |
54.5 |
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Operating Income |
2.5 |
11.2 |
10.6 |
7.5 |
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Gain (Loss) on Sale of Assets |
-0.1 |
- |
-0.1 |
0.0 |
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Other Non-Operating Income (Expense) |
1.0 |
0.0 |
1.1 |
0.0 |
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Other, Net |
1.0 |
0.0 |
1.1 |
0.0 |
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Income Before Tax |
3.4 |
11.3 |
11.6 |
7.5 |
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Total Income Tax |
0.9 |
1.5 |
1.4 |
0.4 |
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Income After Tax |
2.5 |
9.8 |
10.2 |
7.0 |
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Minority Interest |
0.0 |
- |
-2.0 |
-1.4 |
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Net Income Before Extraord Items |
2.5 |
9.8 |
8.2 |
5.6 |
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Net Income |
2.5 |
9.8 |
8.2 |
5.6 |
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Income Available to Common Excl Extraord Items |
2.5 |
9.8 |
8.2 |
5.6 |
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Income Available to Common Incl Extraord Items |
2.5 |
9.8 |
8.2 |
5.6 |
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Basic/Primary Weighted Average Shares |
272.0 |
212.0 |
202.6 |
162.5 |
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Basic EPS Excl Extraord Items |
0.01 |
0.05 |
0.04 |
0.03 |
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Basic/Primary EPS Incl Extraord Items |
0.01 |
0.05 |
0.04 |
0.03 |
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Diluted Net Income |
2.5 |
9.8 |
8.2 |
5.6 |
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Diluted Weighted Average Shares |
272.0 |
212.0 |
202.6 |
162.5 |
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Diluted EPS Excl Extraord Items |
0.01 |
0.05 |
0.04 |
0.03 |
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Diluted EPS Incl Extraord Items |
0.01 |
0.05 |
0.04 |
0.03 |
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Dividends per Share - Common Stock Primary Issue |
0.00 |
0.00 |
0.00 |
0.00 |
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Gross Dividends - Common Stock |
0.0 |
0.0 |
0.0 |
0.0 |
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Interest Expense, Supplemental |
3.0 |
1.2 |
0.5 |
0.8 |
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Depreciation, Supplemental |
4.8 |
1.9 |
1.4 |
1.2 |
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Total Special Items |
1.1 |
0.6 |
0.2 |
0.0 |
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Normalized Income Before Tax |
4.4 |
11.8 |
11.8 |
7.5 |
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Effect of Special Items on Income Taxes |
0.2 |
0.1 |
0.0 |
0.0 |
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Inc Tax Ex Impact of Sp Items |
1.1 |
1.5 |
1.4 |
0.4 |
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Normalized Income After Tax |
3.3 |
10.3 |
10.4 |
7.0 |
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Normalized Inc. Avail to Com. |
3.3 |
10.3 |
8.4 |
5.6 |
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Basic Normalized EPS |
0.01 |
0.05 |
0.04 |
0.03 |
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Diluted Normalized EPS |
0.01 |
0.05 |
0.04 |
0.03 |
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Amort of Acquisition Costs, Supplemental |
0.2 |
0.1 |
0.1 |
0.0 |
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Rental Expenses |
- |
0.1 |
0.1 |
0.0 |
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Research & Development Exp, Supplemental |
- |
1.0 |
0.7 |
0.9 |
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Normalized EBIT |
7.9 |
13.6 |
10.1 |
8.3 |
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Normalized EBITDA |
12.9 |
15.6 |
11.5 |
9.5 |
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Current Tax - Total |
- |
1.6 |
1.3 |
0.5 |
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Current Tax - Total |
- |
1.6 |
1.3 |
0.5 |
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Deferred Tax - Total |
- |
-0.1 |
0.1 |
-0.1 |
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Deferred Tax - Total |
- |
-0.1 |
0.1 |
-0.1 |
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Income Tax - Total |
- |
1.5 |
1.4 |
0.4 |
Annual Balance Sheet
Financials in: USD (mil)
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|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
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UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
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Filed Currency |
CNY |
CNY |
CNY |
CNY |
|
Exchange Rate |
6.294 |
6.5897 |
6.827 |
6.823 |
|
Auditor |
Huapu Tianjian
Gaoshang CPA |
Huapu Tianjian
Gaoshang CPA |
Huapu Tianjian
Gaoshang CPA |
Huapu Tianjian
Gaoshang CPA |
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Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
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Cash & Equivalents |
27.8 |
12.6 |
8.6 |
11.7 |
|
Short Term Investments |
- |
0.0 |
0.5 |
0.0 |
|
Cash and Short Term Investments |
27.8 |
12.6 |
9.1 |
11.7 |
|
Accounts Receivable -
Trade, Gross |
- |
28.8 |
17.8 |
17.9 |
|
Provision for Doubtful
Accounts |
- |
-1.5 |
-0.9 |
-0.9 |
|
Trade Accounts Receivable - Net |
43.7 |
27.4 |
16.9 |
17.0 |
|
Notes Receivable - Short Term |
4.3 |
0.4 |
3.1 |
3.9 |
|
Other Receivables |
0.9 |
0.9 |
0.6 |
0.5 |
|
Total Receivables, Net |
48.8 |
28.6 |
20.6 |
21.3 |
|
Inventories - Finished Goods |
- |
7.6 |
5.1 |
5.6 |
|
Inventories - Work In Progress |
- |
4.2 |
2.3 |
3.0 |
|
Inventories - Raw Materials |
- |
3.9 |
2.3 |
2.3 |
|
Inventories - Other |
- |
3.1 |
1.2 |
0.9 |
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Total Inventory |
36.2 |
18.8 |
10.9 |
11.8 |
|
Prepaid Expenses |
10.5 |
7.7 |
2.6 |
2.2 |
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Other Current Assets |
0.0 |
0.0 |
0.0 |
0.0 |
|
Other Current Assets, Total |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Current Assets |
123.3 |
67.7 |
43.3 |
47.0 |
|
|
|
|
|
|
|
Buildings |
- |
14.7 |
3.0 |
3.0 |
|
Machinery/Equipment |
- |
29.7 |
15.0 |
11.9 |
|
Construction in Progress |
4.5 |
5.1 |
3.2 |
0.1 |
|
Property/Plant/Equipment - Gross |
4.5 |
49.5 |
21.2 |
15.0 |
|
Accumulated Depreciation |
- |
-5.9 |
-3.8 |
-2.5 |
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Property/Plant/Equipment - Net |
81.7 |
43.6 |
17.4 |
12.5 |
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Goodwill, Net |
1.5 |
- |
- |
- |
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Intangibles, Net |
12.3 |
2.6 |
2.6 |
1.0 |
|
Deferred Charges |
0.1 |
- |
- |
- |
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Deferred Income Tax - Long Term Asset |
0.6 |
0.2 |
0.1 |
0.2 |
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Other Long Term Assets, Total |
0.7 |
0.2 |
0.1 |
0.2 |
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Total Assets |
219.4 |
114.1 |
63.5 |
60.7 |
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|
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Accounts Payable |
27.6 |
20.9 |
8.8 |
13.8 |
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Accrued Expenses |
1.4 |
1.0 |
0.8 |
0.8 |
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Notes Payable/Short Term Debt |
57.6 |
46.0 |
16.9 |
15.9 |
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Current Portion - Long Term Debt/Capital Leases |
- |
0.2 |
0.9 |
0.9 |
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Customer Advances |
0.3 |
0.7 |
0.0 |
0.3 |
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Income Taxes Payable |
-6.8 |
-1.1 |
0.7 |
0.5 |
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Other Current Liabilities |
- |
0.1 |
0.1 |
0.0 |
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Other Current liabilities, Total |
-6.5 |
-0.3 |
0.8 |
0.7 |
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Total Current Liabilities |
80.1 |
67.8 |
28.2 |
32.1 |
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|
Total Long Term Debt |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Debt |
57.6 |
46.2 |
17.7 |
16.8 |
|
|
|
|
|
|
|
Deferred Income Tax - LT Liability |
0.0 |
0.0 |
0.1 |
0.1 |
|
Deferred Income Tax |
0.0 |
0.0 |
0.1 |
0.1 |
|
Minority Interest |
0.1 |
0.0 |
0.0 |
4.3 |
|
Other Long Term Liabilities |
- |
0.0 |
0.2 |
1.1 |
|
Other Liabilities, Total |
- |
0.0 |
0.2 |
1.1 |
|
Total Liabilities |
80.2 |
67.8 |
28.5 |
37.6 |
|
|
|
|
|
|
|
Common Stock |
22.6 |
16.1 |
15.5 |
14.7 |
|
Common Stock |
22.6 |
16.1 |
15.5 |
14.7 |
|
Additional Paid-In Capital |
84.0 |
6.0 |
5.7 |
2.9 |
|
Retained Earnings (Accumulated Deficit) |
32.7 |
24.2 |
13.7 |
5.5 |
|
Translation Adjustment |
0.0 |
0.1 |
0.1 |
0.0 |
|
Other Equity, Total |
0.0 |
0.1 |
0.1 |
0.0 |
|
Total Equity |
139.3 |
46.3 |
35.0 |
23.1 |
|
|
|
|
|
|
|
Total Liabilities & Shareholders’ Equity |
219.4 |
114.1 |
63.5 |
60.7 |
|
|
|
|
|
|
|
Shares Outstanding - Common Stock Primary Issue |
284.0 |
212.0 |
212.0 |
200.0 |
|
Total Common Shares Outstanding |
284.0 |
212.0 |
212.0 |
200.0 |
|
Treasury Shares - Common Stock Primary Issue |
0.0 |
0.0 |
0.0 |
0.0 |
|
Employees |
- |
1,516 |
1,018 |
882 |
|
Accumulated Intangible Amort, Suppl. |
- |
0.1 |
0.1 |
- |
|
Deferred Revenue - Current |
0.3 |
0.7 |
0.0 |
0.3 |
Annual Cash Flows
Financials in: USD (mil)
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Reclassified
Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
CNY |
CNY |
CNY |
CNY |
|
Exchange Rate
(Period Average) |
6.46438 |
6.768989 |
6.831007 |
6.950445 |
|
Auditor |
Huapu Tianjian
Gaoshang CPA |
Huapu Tianjian
Gaoshang CPA |
Huapu Tianjian
Gaoshang CPA |
Huapu Tianjian
Gaoshang CPA |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
Cash Receipts |
136.3 |
79.7 |
69.0 |
65.7 |
|
Cash Payments |
-166.2 |
-72.1 |
-52.6 |
-53.7 |
|
Cash Taxes Paid |
1.6 |
0.9 |
-3.2 |
-3.2 |
|
Other Operating Cash Flow |
-1.6 |
-1.7 |
-1.8 |
-3.8 |
|
Changes in Working Capital |
-1.6 |
-1.7 |
-1.8 |
-3.8 |
|
Cash from Operating Activities |
-29.9 |
6.7 |
11.5 |
5.0 |
|
|
|
|
|
|
|
Purchase of Fixed Assets |
-46.7 |
-28.3 |
-8.6 |
-3.5 |
|
Capital Expenditures |
-46.7 |
-28.3 |
-8.6 |
-3.5 |
|
Acquisition of Business |
- |
- |
-3.6 |
-2.0 |
|
Sale of Business |
- |
- |
0.0 |
0.1 |
|
Sale of Fixed Assets |
0.1 |
- |
0.1 |
0.0 |
|
Sale/Maturity of Investment |
- |
- |
0.0 |
1.5 |
|
Purchase of Investments |
-3.3 |
- |
-1.7 |
-1.5 |
|
Other Investing Cash Flow |
0.5 |
0.5 |
0.3 |
0.0 |
|
Other Investing Cash Flow Items, Total |
-2.7 |
0.5 |
-4.9 |
-1.8 |
|
Cash from Investing Activities |
-49.4 |
-27.8 |
-13.5 |
-5.3 |
|
|
|
|
|
|
|
Other Financing Cash Flow |
78.2 |
-2.8 |
-0.6 |
7.2 |
|
Financing Cash Flow Items |
78.2 |
-2.8 |
-0.6 |
7.2 |
|
Total Debt Issued |
68.7 |
43.1 |
5.1 |
23.0 |
|
Total Debt Reduction |
-52.7 |
-15.5 |
-5.7 |
-19.6 |
|
Issuance (Retirement) of Debt, Net |
16.0 |
27.6 |
-0.6 |
3.4 |
|
Cash from Financing Activities |
94.2 |
24.8 |
-1.2 |
10.6 |
|
|
|
|
|
|
|
Foreign Exchange Effects |
-0.6 |
-0.1 |
0.0 |
-0.1 |
|
Net Change in Cash |
14.3 |
3.6 |
-3.1 |
10.2 |
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
12.8 |
8.6 |
11.7 |
1.3 |
|
Net Cash - Ending Balance |
27.1 |
12.2 |
8.6 |
11.5 |
|
Depreciation |
4.8 |
1.9 |
1.4 |
1.2 |
Annual Income Statement
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
CNY |
CNY |
CNY |
CNY |
|
Exchange Rate
(Period Average) |
6.46438 |
6.768989 |
6.831007 |
6.950445 |
|
Auditor |
Huapu Tianjian
Gaoshang CPA |
Huapu Tianjian
Gaoshang CPA |
Huapu Tianjian
Gaoshang CPA |
Huapu Tianjian
Gaoshang CPA |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
In Operating Income |
128.0 |
77.7 |
59.3 |
61.9 |
|
Total Revenue |
128.0 |
77.7 |
59.3 |
61.9 |
|
|
|
|
|
|
|
OperatingCost |
103.4 |
58.4 |
45.0 |
49.5 |
|
Business taxes and surcharges |
0.4 |
0.1 |
0.1 |
0.1 |
|
Marketing expenses |
3.4 |
2.2 |
1.5 |
1.3 |
|
Administrative expenses |
8.1 |
3.3 |
2.5 |
2.5 |
|
Interests Expenses |
3.0 |
1.2 |
0.5 |
0.8 |
|
Interest Income |
-0.5 |
-0.1 |
0.0 |
0.0 |
|
Foreign Exchange Gain/Loss |
2.1 |
0.3 |
0.0 |
0.1 |
|
Commission Fees |
0.1 |
0.1 |
0.1 |
0.3 |
|
Assets depreciation loss |
0.8 |
0.5 |
0.1 |
0.0 |
|
Gain/Loss from Change in Fair Value |
- |
0.5 |
-0.5 |
0.0 |
|
Investment Income |
- |
-0.1 |
-0.6 |
0.0 |
|
Total Operating Expense |
125.4 |
66.5 |
48.7 |
54.5 |
|
|
|
|
|
|
|
Gain on Sale of Fixed Assets |
0.0 |
- |
- |
- |
|
Non - Operating Income |
1.2 |
0.0 |
1.1 |
0.0 |
|
Loss on Sale of Fixed Assets |
-0.2 |
- |
-0.1 |
0.0 |
|
Non-operating expenses |
-0.2 |
- |
- |
0.0 |
|
Net Income Before Taxes |
3.4 |
11.3 |
11.6 |
7.5 |
|
|
|
|
|
|
|
Provision for Income Taxes |
0.9 |
1.5 |
1.4 |
0.4 |
|
Net Income After Taxes |
2.5 |
9.8 |
10.2 |
7.0 |
|
|
|
|
|
|
|
Minority Interest Income |
0.0 |
- |
-2.0 |
-1.4 |
|
Net Income Before Extra. Items |
2.5 |
9.8 |
8.2 |
5.6 |
|
Net Income |
2.5 |
9.8 |
8.2 |
5.6 |
|
|
|
|
|
|
|
Income Available to Com Excl ExtraOrd |
2.5 |
9.8 |
8.2 |
5.6 |
|
|
|
|
|
|
|
Income Available to Com Incl ExtraOrd |
2.5 |
9.8 |
8.2 |
5.6 |
|
|
|
|
|
|
|
Basic Weighted Average Shares |
272.0 |
212.0 |
202.6 |
162.5 |
|
Basic EPS Excluding ExtraOrdinary Items |
0.01 |
0.05 |
0.04 |
0.03 |
|
Basic EPS Including ExtraOrdinary Items |
0.01 |
0.05 |
0.04 |
0.03 |
|
Diluted Net Income |
2.5 |
9.8 |
8.2 |
5.6 |
|
Diluted Weighted Average Shares |
272.0 |
212.0 |
202.6 |
162.5 |
|
Diluted EPS Excluding ExtraOrd Items |
0.01 |
0.05 |
0.04 |
0.03 |
|
Diluted EPS Including ExtraOrd Items |
0.01 |
0.05 |
0.04 |
0.03 |
|
DPS-A Share |
0.00 |
0.00 |
0.00 |
0.00 |
|
Gross Dividends - Common Stock |
0.0 |
0.0 |
0.0 |
0.0 |
|
Normalized Income Before Taxes |
4.4 |
11.8 |
11.8 |
7.5 |
|
|
|
|
|
|
|
Inc Tax Ex Impact of Sp Items |
1.1 |
1.5 |
1.4 |
0.4 |
|
Normalized Income After Taxes |
3.3 |
10.3 |
10.4 |
7.0 |
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
3.3 |
10.3 |
8.4 |
5.6 |
|
|
|
|
|
|
|
Basic Normalized EPS |
0.01 |
0.05 |
0.04 |
0.03 |
|
Diluted Normalized EPS |
0.01 |
0.05 |
0.04 |
0.03 |
|
Interest Expense, Supplemental |
3.0 |
1.2 |
0.5 |
0.8 |
|
Depreciation, Supplemental |
4.8 |
1.9 |
1.4 |
1.2 |
|
Amort of Acquisition Costs, Supplemental |
0.2 |
0.1 |
0.1 |
0.0 |
|
Research & Development Exp, Supplemental |
- |
1.0 |
0.7 |
0.9 |
|
Rental Expense, Supplemental |
- |
0.1 |
0.1 |
0.0 |
|
Current Tax |
- |
1.6 |
1.3 |
0.5 |
|
Current Tax - Total |
- |
1.6 |
1.3 |
0.5 |
|
Deffered Tax |
- |
-0.1 |
0.1 |
-0.1 |
|
Deferred Tax - Total |
- |
-0.1 |
0.1 |
-0.1 |
|
Income Tax - Total |
- |
1.5 |
1.4 |
0.4 |
Annual Balance Sheet
Financials in: USD (mil)
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
CNY |
CNY |
CNY |
CNY |
|
Exchange Rate |
6.294 |
6.5897 |
6.827 |
6.823 |
|
Auditor |
Huapu Tianjian
Gaoshang CPA |
Huapu Tianjian
Gaoshang CPA |
Huapu Tianjian
Gaoshang CPA |
Huapu Tianjian
Gaoshang CPA |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
Monetary capital |
27.8 |
12.6 |
8.6 |
11.7 |
|
Financial Assets - Trading |
- |
0.0 |
0.5 |
0.0 |
|
Notes Receivable |
4.3 |
0.4 |
3.1 |
3.9 |
|
Accounts receivable, net |
43.7 |
- |
- |
- |
|
Accounts Receivable (Gross) |
- |
28.8 |
17.8 |
17.9 |
|
Provision for Doubtful Accounts |
- |
-1.5 |
-0.9 |
-0.9 |
|
Prepayments |
10.5 |
7.7 |
2.6 |
2.2 |
|
Other Receivables |
0.9 |
0.9 |
0.6 |
0.5 |
|
Inventory, net |
36.2 |
- |
- |
- |
|
Raw Material |
- |
3.9 |
2.3 |
2.3 |
|
Finished Products/Goods in Store |
- |
7.6 |
5.1 |
5.6 |
|
Work-in-Process |
- |
4.2 |
2.3 |
3.0 |
|
Subcontracted Material |
- |
1.2 |
0.6 |
0.5 |
|
Low Value Consumable |
- |
2.0 |
0.6 |
0.4 |
|
Other Current Assets |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Current Assets |
123.3 |
67.7 |
43.3 |
47.0 |
|
|
|
|
|
|
|
Fixed assets, net |
77.2 |
- |
- |
- |
|
Buildings & Structures |
- |
14.7 |
3.0 |
3.0 |
|
Machinery and Equipment |
- |
28.1 |
14.1 |
11.1 |
|
Transportation Equipment |
- |
0.6 |
0.3 |
0.3 |
|
Electrical Equipment and Other |
- |
1.0 |
0.5 |
0.5 |
|
Accumulated Depreciation |
- |
-5.9 |
-3.8 |
-2.5 |
|
Under-construction projects |
4.5 |
5.1 |
3.2 |
0.1 |
|
Intangible assets |
12.3 |
2.6 |
2.6 |
1.0 |
|
Goodwill |
1.5 |
- |
- |
- |
|
Long-term prepaid expenses |
0.1 |
- |
- |
- |
|
Deferred income tax assets |
0.6 |
0.2 |
0.1 |
0.2 |
|
Total Assets |
219.4 |
114.1 |
63.5 |
60.7 |
|
|
|
|
|
|
|
Short Term Borrowing |
51.7 |
33.7 |
6.0 |
9.5 |
|
Notes Payable |
5.9 |
12.3 |
10.9 |
6.4 |
|
Accounts Payable |
27.6 |
20.9 |
8.8 |
13.8 |
|
Advance receipts |
0.3 |
0.7 |
0.0 |
0.3 |
|
Staff remuneration payables |
1.3 |
0.8 |
0.6 |
0.6 |
|
Taxes payable |
-6.8 |
-1.1 |
0.7 |
0.5 |
|
Interest payable |
0.0 |
- |
- |
- |
|
Other Creditors |
0.1 |
0.2 |
0.2 |
0.2 |
|
Non-current liabilities due within one y |
- |
0.2 |
0.9 |
0.9 |
|
Other Current Liabilities |
- |
0.1 |
0.1 |
0.0 |
|
Total Current Liabilities |
80.1 |
67.8 |
28.2 |
32.1 |
|
|
|
|
|
|
|
Long Term Payables |
- |
0.0 |
0.2 |
1.1 |
|
Deferred Income Tax Liabilities |
0.0 |
0.0 |
0.1 |
0.1 |
|
Minority Interest |
0.1 |
0.0 |
0.0 |
4.3 |
|
Total Liabilities |
80.2 |
67.8 |
28.5 |
37.6 |
|
|
|
|
|
|
|
Capital Stock |
22.6 |
16.1 |
15.5 |
14.7 |
|
Capital reserves |
84.0 |
6.0 |
5.7 |
2.9 |
|
Surplus reserves |
0.8 |
0.2 |
0.1 |
0.0 |
|
Retained profits |
31.9 |
24.0 |
13.5 |
5.5 |
|
Foreign currency translation differences |
0.0 |
0.1 |
0.1 |
0.0 |
|
Total Equity |
139.3 |
46.3 |
35.0 |
23.1 |
|
|
|
|
|
|
|
Total Liabilities & Shareholders' Equity |
219.4 |
114.1 |
63.5 |
60.7 |
|
|
|
|
|
|
|
S/O-A Share |
284.0 |
212.0 |
212.0 |
200.0 |
|
Total Common Shares Outstanding |
284.0 |
212.0 |
212.0 |
200.0 |
|
T/S-A Share |
0.0 |
0.0 |
0.0 |
0.0 |
|
Customer Advance |
0.3 |
0.7 |
0.0 |
0.3 |
|
Accumulated Intangible Amort, Suppl. |
- |
0.1 |
0.1 |
- |
|
Full-Time Employees |
- |
1,516 |
1,018 |
882 |
Annual Cash Flows
Financials in: USD (mil)
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Reclassified
Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
CNY |
CNY |
CNY |
CNY |
|
Exchange Rate
(Period Average) |
6.46438 |
6.768989 |
6.831007 |
6.950445 |
|
Auditor |
Huapu Tianjian
Gaoshang CPA |
Huapu Tianjian
Gaoshang CPA |
Huapu Tianjian
Gaoshang CPA |
Huapu Tianjian
Gaoshang CPA |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
Cash Receipts |
136.3 |
79.7 |
69.0 |
65.7 |
|
Cash Payments |
-166.2 |
-72.1 |
-52.6 |
-53.7 |
|
Tax rebates received |
5.6 |
3.0 |
0.0 |
0.0 |
|
Other Cash from Operating Activities |
1.2 |
0.0 |
0.1 |
0.1 |
|
Cash paid for taxes and surcharges |
-4.0 |
-2.1 |
-3.2 |
-3.2 |
|
Cash paid for other operating activities |
-2.7 |
-1.8 |
-1.9 |
-3.9 |
|
Cash from Operating Activities |
-29.9 |
6.7 |
11.5 |
5.0 |
|
|
|
|
|
|
|
Sale/Maturity/Redemption of Investments |
- |
- |
0.0 |
1.5 |
|
Cash from Return on Investments |
- |
0.1 |
0.6 |
0.0 |
|
Net cash from disposal of fixed assets, |
0.1 |
- |
0.1 |
0.0 |
|
Cash from Disposal of Subsidiaries |
- |
- |
0.0 |
0.1 |
|
Other cash received concerning investing |
0.5 |
0.4 |
0.0 |
0.0 |
|
Cash paid for purchase and construction |
-46.7 |
-28.3 |
-8.6 |
-3.5 |
|
Cash paid for acquisition of investments |
-3.3 |
- |
-1.7 |
-1.5 |
|
Cash Paid for Acquisition of Subsidiary |
- |
- |
-3.6 |
-2.0 |
|
Other Cash Paid for Investing Activities |
- |
- |
-0.3 |
0.0 |
|
Cash from Investing Activities |
-49.4 |
-27.8 |
-13.5 |
-5.3 |
|
|
|
|
|
|
|
Cash received from capital contributions |
81.4 |
- |
3.7 |
9.8 |
|
Cash from Borrowings |
68.7 |
43.1 |
5.1 |
23.0 |
|
Other cash received concerning financing |
- |
0.9 |
0.9 |
3.7 |
|
Repayment of Borrowings |
-52.7 |
-15.5 |
-5.7 |
-19.6 |
|
Cash paid for dividend and profit distri |
-3.0 |
-1.2 |
-0.3 |
-2.1 |
|
Cash paid for other financing activities |
-0.2 |
-2.6 |
-4.8 |
-4.3 |
|
Cash from Financing Activities |
94.2 |
24.8 |
-1.2 |
10.6 |
|
|
|
|
|
|
|
Foreign Exchange Effects |
-0.6 |
-0.1 |
0.0 |
-0.1 |
|
Net Change in Cash |
14.3 |
3.6 |
-3.1 |
10.2 |
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
12.8 |
8.6 |
11.7 |
1.3 |
|
Net Cash - Ending Balance |
27.1 |
12.2 |
8.6 |
11.5 |
|
Depreciation |
4.8 |
1.9 |
1.4 |
1.2 |
|
Amortization of Intangibles |
0.2 |
0.1 |
0.1 |
0.0 |
Financial Health
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
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Annual Ratios
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
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Annual Income Statement
Standardized
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
CNY |
CNY |
CNY |
CNY |
|
Exchange Rate
(Period Average) |
6.46438 |
6.768989 |
6.831007 |
6.950445 |
|
Auditor |
Huapu Tianjian
Gaoshang CPA |
Huapu Tianjian
Gaoshang CPA |
Huapu Tianjian
Gaoshang CPA |
Huapu Tianjian
Gaoshang CPA |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
Net Sales |
128.0 |
77.7 |
59.3 |
61.9 |
|
Revenue |
128.0 |
77.7 |
59.3 |
61.9 |
|
Total Revenue |
128.0 |
77.7 |
59.3 |
61.9 |
|
|
|
|
|
|
|
Cost of Revenue |
103.4 |
58.4 |
45.0 |
49.5 |
|
Excise Taxes Payments |
0.4 |
0.1 |
0.1 |
0.1 |
|
Cost of Revenue, Total |
103.8 |
58.5 |
45.1 |
49.5 |
|
Gross Profit |
24.1 |
19.2 |
14.2 |
12.4 |
|
|
|
|
|
|
|
Selling/General/Administrative Expense |
11.5 |
5.5 |
4.0 |
3.8 |
|
Total Selling/General/Administrative Expenses |
11.5 |
5.5 |
4.0 |
3.8 |
|
Interest Expense -
Operating |
3.0 |
1.2 |
0.5 |
0.8 |
|
Interest Expense - Net Operating |
3.0 |
1.2 |
0.5 |
0.8 |
|
Interest Income -
Operating |
-0.5 |
-0.1 |
0.0 |
0.0 |
|
Investment Income -
Operating |
2.1 |
0.7 |
-1.1 |
0.0 |
|
Interest/Investment Income - Operating |
1.6 |
0.6 |
-1.2 |
0.0 |
|
Interest Expense (Income) - Net Operating Total |
4.6 |
1.8 |
-0.7 |
0.8 |
|
Impairment-Assets Held for Use |
0.8 |
0.5 |
0.1 |
0.0 |
|
Unusual Expense (Income) |
0.8 |
0.5 |
0.1 |
0.0 |
|
Other Operating Expense |
0.1 |
0.1 |
0.1 |
0.3 |
|
Other Operating Expenses, Total |
0.1 |
0.1 |
0.1 |
0.3 |
|
Total Operating Expense |
125.4 |
66.5 |
48.7 |
54.5 |
|
|
|
|
|
|
|
Operating Income |
2.5 |
11.2 |
10.6 |
7.5 |
|
|
|
|
|
|
|
Gain (Loss) on Sale of Assets |
-0.1 |
- |
-0.1 |
0.0 |
|
Other Non-Operating Income (Expense) |
1.0 |
0.0 |
1.1 |
0.0 |
|
Other, Net |
1.0 |
0.0 |
1.1 |
0.0 |
|
Income Before Tax |
3.4 |
11.3 |
11.6 |
7.5 |
|
|
|
|
|
|
|
Total Income Tax |
0.9 |
1.5 |
1.4 |
0.4 |
|
Income After Tax |
2.5 |
9.8 |
10.2 |
7.0 |
|
|
|
|
|
|
|
Minority Interest |
0.0 |
- |
-2.0 |
-1.4 |
|
Net Income Before Extraord Items |
2.5 |
9.8 |
8.2 |
5.6 |
|
Net Income |
2.5 |
9.8 |
8.2 |
5.6 |
|
|
|
|
|
|
|
Income Available to Common Excl Extraord Items |
2.5 |
9.8 |
8.2 |
5.6 |
|
|
|
|
|
|
|
Income Available to Common Incl Extraord Items |
2.5 |
9.8 |
8.2 |
5.6 |
|
|
|
|
|
|
|
Basic/Primary Weighted Average Shares |
272.0 |
212.0 |
202.6 |
162.5 |
|
Basic EPS Excl Extraord Items |
0.01 |
0.05 |
0.04 |
0.03 |
|
Basic/Primary EPS Incl Extraord Items |
0.01 |
0.05 |
0.04 |
0.03 |
|
Diluted Net Income |
2.5 |
9.8 |
8.2 |
5.6 |
|
Diluted Weighted Average Shares |
272.0 |
212.0 |
202.6 |
162.5 |
|
Diluted EPS Excl Extraord Items |
0.01 |
0.05 |
0.04 |
0.03 |
|
Diluted EPS Incl Extraord Items |
0.01 |
0.05 |
0.04 |
0.03 |
|
Dividends per Share - Common Stock Primary Issue |
0.00 |
0.00 |
0.00 |
0.00 |
|
Gross Dividends - Common Stock |
0.0 |
0.0 |
0.0 |
0.0 |
|
Interest Expense, Supplemental |
3.0 |
1.2 |
0.5 |
0.8 |
|
Depreciation, Supplemental |
4.8 |
1.9 |
1.4 |
1.2 |
|
Total Special Items |
1.1 |
0.6 |
0.2 |
0.0 |
|
Normalized Income Before Tax |
4.4 |
11.8 |
11.8 |
7.5 |
|
|
|
|
|
|
|
Effect of Special Items on Income Taxes |
0.2 |
0.1 |
0.0 |
0.0 |
|
Inc Tax Ex Impact of Sp Items |
1.1 |
1.5 |
1.4 |
0.4 |
|
Normalized Income After Tax |
3.3 |
10.3 |
10.4 |
7.0 |
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
3.3 |
10.3 |
8.4 |
5.6 |
|
|
|
|
|
|
|
Basic Normalized EPS |
0.01 |
0.05 |
0.04 |
0.03 |
|
Diluted Normalized EPS |
0.01 |
0.05 |
0.04 |
0.03 |
|
Amort of Acquisition Costs, Supplemental |
0.2 |
0.1 |
0.1 |
0.0 |
|
Rental Expenses |
- |
0.1 |
0.1 |
0.0 |
|
Research & Development Exp, Supplemental |
- |
1.0 |
0.7 |
0.9 |
|
Normalized EBIT |
7.9 |
13.6 |
10.1 |
8.3 |
|
Normalized EBITDA |
12.9 |
15.6 |
11.5 |
9.5 |
|
Current Tax - Total |
- |
1.6 |
1.3 |
0.5 |
|
Current Tax - Total |
- |
1.6 |
1.3 |
0.5 |
|
Deferred Tax - Total |
- |
-0.1 |
0.1 |
-0.1 |
|
Deferred Tax - Total |
- |
-0.1 |
0.1 |
-0.1 |
|
Income Tax - Total |
- |
1.5 |
1.4 |
0.4 |
Interim Income Statement
Standardized
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Mar-2012 |
31-Dec-2011 |
30-Sep-2011 |
30-Jun-2011 |
31-Mar-2011 |
|
Period Length |
3 Months |
3 Months |
3 Months |
3 Months |
3 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
CNY |
CNY |
CNY |
CNY |
CNY |
|
Exchange Rate
(Period Average) |
6.309123 |
6.359548 |
6.417282 |
6.501206 |
6.583076 |
|
|
|
|
|
|
|
|
Net Sales |
25.7 |
31.7 |
38.2 |
34.4 |
23.8 |
|
Revenue |
25.7 |
31.7 |
38.2 |
34.4 |
23.8 |
|
Total Revenue |
25.7 |
31.7 |
38.2 |
34.4 |
23.8 |
|
|
|
|
|
|
|
|
Cost of Revenue |
21.9 |
28.2 |
30.3 |
26.6 |
18.6 |
|
Excise Taxes Payments |
0.0 |
0.3 |
0.1 |
0.0 |
0.0 |
|
Cost of Revenue, Total |
21.9 |
28.4 |
30.4 |
26.6 |
18.6 |
|
Gross Profit |
3.8 |
3.3 |
7.8 |
7.8 |
5.3 |
|
|
|
|
|
|
|
|
Selling/General/Administrative Expense |
2.7 |
3.0 |
3.2 |
3.2 |
2.0 |
|
Total Selling/General/Administrative Expenses |
2.7 |
3.0 |
3.2 |
3.2 |
2.0 |
|
Interest Expense (Income) - Net Operating |
0.7 |
1.6 |
1.8 |
0.9 |
0.4 |
|
Interest Expense (Income) - Net Operating Total |
0.7 |
1.6 |
1.8 |
0.9 |
0.4 |
|
Impairment-Assets Held for Use |
-0.1 |
-0.4 |
0.4 |
0.3 |
0.4 |
|
Unusual Expense (Income) |
-0.1 |
-0.4 |
0.4 |
0.3 |
0.4 |
|
Total Operating Expense |
25.3 |
32.7 |
35.9 |
31.0 |
21.4 |
|
|
|
|
|
|
|
|
Operating Income |
0.5 |
-1.1 |
2.3 |
3.4 |
2.5 |
|
|
|
|
|
|
|
|
Other Non-Operating Income (Expense) |
0.0 |
1.1 |
0.0 |
-0.3 |
0.0 |
|
Other, Net |
0.0 |
1.1 |
0.0 |
-0.3 |
0.0 |
|
Income Before Tax |
0.5 |
0.1 |
2.4 |
3.1 |
2.5 |
|
|
|
|
|
|
|
|
Total Income Tax |
0.0 |
-0.2 |
0.2 |
0.5 |
0.3 |
|
Income After Tax |
0.5 |
0.3 |
2.1 |
2.6 |
2.2 |
|
|
|
|
|
|
|
|
Minority Interest |
0.0 |
0.0 |
- |
- |
- |
|
Net Income Before Extraord Items |
0.5 |
0.3 |
2.1 |
2.6 |
2.2 |
|
Net Income |
0.5 |
0.3 |
2.1 |
2.6 |
2.2 |
|
|
|
|
|
|
|
|
Income Available to Common Excl Extraord Items |
0.5 |
0.3 |
2.1 |
2.6 |
2.2 |
|
|
|
|
|
|
|
|
Income Available to Common Incl Extraord Items |
0.5 |
0.3 |
2.1 |
2.6 |
2.2 |
|
|
|
|
|
|
|
|
Basic/Primary Weighted Average Shares |
284.0 |
284.0 |
284.0 |
283.0 |
237.0 |
|
Basic EPS Excl Extraord Items |
0.00 |
0.00 |
0.01 |
0.01 |
0.01 |
|
Basic/Primary EPS Incl Extraord Items |
0.00 |
0.00 |
0.01 |
0.01 |
0.01 |
|
Diluted Net Income |
0.5 |
0.3 |
2.1 |
2.6 |
2.2 |
|
Diluted Weighted Average Shares |
284.0 |
284.0 |
284.0 |
283.0 |
237.0 |
|
Diluted EPS Excl Extraord Items |
0.00 |
0.00 |
0.01 |
0.01 |
0.01 |
|
Diluted EPS Incl Extraord Items |
0.00 |
0.00 |
0.01 |
0.01 |
0.01 |
|
Dividends per Share - Common Stock Primary Issue |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
Gross Dividends - Common Stock |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Special Items |
-0.1 |
-0.4 |
0.4 |
0.3 |
0.4 |
|
Normalized Income Before Tax |
0.5 |
-0.3 |
2.8 |
3.4 |
2.9 |
|
|
|
|
|
|
|
|
Effect of Special Items on Income Taxes |
0.0 |
-0.1 |
0.0 |
0.1 |
0.1 |
|
Inc Tax Ex Impact of Sp Items |
0.0 |
-0.4 |
0.3 |
0.6 |
0.4 |
|
Normalized Income After Tax |
0.4 |
0.1 |
2.5 |
2.8 |
2.5 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
0.4 |
0.1 |
2.5 |
2.8 |
2.5 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
0.00 |
0.00 |
0.01 |
0.01 |
0.01 |
|
Diluted Normalized EPS |
0.00 |
0.00 |
0.01 |
0.01 |
0.01 |
|
Normalized EBIT |
1.1 |
0.2 |
4.5 |
4.6 |
3.3 |
|
Normalized EBITDA |
1.1 |
0.2 |
4.5 |
4.6 |
3.3 |
Annual Balance Sheet
Standardized
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
CNY |
CNY |
CNY |
CNY |
|
Exchange Rate |
6.294 |
6.5897 |
6.827 |
6.823 |
|
Auditor |
Huapu Tianjian
Gaoshang CPA |
Huapu Tianjian
Gaoshang CPA |
Huapu Tianjian
Gaoshang CPA |
Huapu Tianjian Gaoshang
CPA |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
Cash & Equivalents |
27.8 |
12.6 |
8.6 |
11.7 |
|
Short Term Investments |
- |
0.0 |
0.5 |
0.0 |
|
Cash and Short Term Investments |
27.8 |
12.6 |
9.1 |
11.7 |
|
Accounts Receivable -
Trade, Gross |
- |
28.8 |
17.8 |
17.9 |
|
Provision for Doubtful
Accounts |
- |
-1.5 |
-0.9 |
-0.9 |
|
Trade Accounts Receivable - Net |
43.7 |
27.4 |
16.9 |
17.0 |
|
Notes Receivable - Short Term |
4.3 |
0.4 |
3.1 |
3.9 |
|
Other Receivables |
0.9 |
0.9 |
0.6 |
0.5 |
|
Total Receivables, Net |
48.8 |
28.6 |
20.6 |
21.3 |
|
Inventories - Finished Goods |
- |
7.6 |
5.1 |
5.6 |
|
Inventories - Work In Progress |
- |
4.2 |
2.3 |
3.0 |
|
Inventories - Raw Materials |
- |
3.9 |
2.3 |
2.3 |
|
Inventories - Other |
- |
3.1 |
1.2 |
0.9 |
|
Total Inventory |
36.2 |
18.8 |
10.9 |
11.8 |
|
Prepaid Expenses |
10.5 |
7.7 |
2.6 |
2.2 |
|
Other Current Assets |
0.0 |
0.0 |
0.0 |
0.0 |
|
Other Current Assets, Total |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Current Assets |
123.3 |
67.7 |
43.3 |
47.0 |
|
|
|
|
|
|
|
Buildings |
- |
14.7 |
3.0 |
3.0 |
|
Machinery/Equipment |
- |
29.7 |
15.0 |
11.9 |
|
Construction in
Progress |
4.5 |
5.1 |
3.2 |
0.1 |
|
Property/Plant/Equipment - Gross |
4.5 |
49.5 |
21.2 |
15.0 |
|
Accumulated Depreciation |
- |
-5.9 |
-3.8 |
-2.5 |
|
Property/Plant/Equipment - Net |
81.7 |
43.6 |
17.4 |
12.5 |
|
Goodwill, Net |
1.5 |
- |
- |
- |
|
Intangibles, Net |
12.3 |
2.6 |
2.6 |
1.0 |
|
Deferred Charges |
0.1 |
- |
- |
- |
|
Deferred Income Tax - Long Term Asset |
0.6 |
0.2 |
0.1 |
0.2 |
|
Other Long Term Assets, Total |
0.7 |
0.2 |
0.1 |
0.2 |
|
Total Assets |
219.4 |
114.1 |
63.5 |
60.7 |
|
|
|
|
|
|
|
Accounts Payable |
27.6 |
20.9 |
8.8 |
13.8 |
|
Accrued Expenses |
1.4 |
1.0 |
0.8 |
0.8 |
|
Notes Payable/Short Term Debt |
57.6 |
46.0 |
16.9 |
15.9 |
|
Current Portion - Long Term Debt/Capital Leases |
- |
0.2 |
0.9 |
0.9 |
|
Customer Advances |
0.3 |
0.7 |
0.0 |
0.3 |
|
Income Taxes Payable |
-6.8 |
-1.1 |
0.7 |
0.5 |
|
Other Current Liabilities |
- |
0.1 |
0.1 |
0.0 |
|
Other Current liabilities, Total |
-6.5 |
-0.3 |
0.8 |
0.7 |
|
Total Current Liabilities |
80.1 |
67.8 |
28.2 |
32.1 |
|
|
|
|
|
|
|
Total Long Term Debt |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Debt |
57.6 |
46.2 |
17.7 |
16.8 |
|
Deferred Income Tax - LT Liability |
0.0 |
0.0 |
0.1 |
0.1 |
|
Deferred Income Tax |
0.0 |
0.0 |
0.1 |
0.1 |
|
Minority Interest |
0.1 |
0.0 |
0.0 |
4.3 |
|
Other Long Term Liabilities |
- |
0.0 |
0.2 |
1.1 |
|
Other Liabilities, Total |
- |
0.0 |
0.2 |
1.1 |
|
Total Liabilities |
80.2 |
67.8 |
28.5 |
37.6 |
|
Common Stock |
22.6 |
16.1 |
15.5 |
14.7 |
|
Common Stock |
22.6 |
16.1 |
15.5 |
14.7 |
|
Additional Paid-In Capital |
84.0 |
6.0 |
5.7 |
2.9 |
|
Retained Earnings (Accumulated Deficit) |
32.7 |
24.2 |
13.7 |
5.5 |
|
Translation Adjustment |
0.0 |
0.1 |
0.1 |
0.0 |
|
Other Equity, Total |
0.0 |
0.1 |
0.1 |
0.0 |
|
Total Equity |
139.3 |
46.3 |
35.0 |
23.1 |
|
|
|
|
|
|
|
Total Liabilities & Shareholders’ Equity |
219.4 |
114.1 |
63.5 |
60.7 |
|
|
|
|
|
|
|
Shares Outstanding - Common Stock Primary
Issue |
284.0 |
212.0 |
212.0 |
200.0 |
|
Total Common Shares Outstanding |
284.0 |
212.0 |
212.0 |
200.0 |
|
Treasury Shares - Common Stock Primary Issue |
0.0 |
0.0 |
0.0 |
0.0 |
|
Employees |
- |
1,516 |
1,018 |
882 |
|
Accumulated Intangible Amort, Suppl. |
- |
0.1 |
0.1 |
- |
|
Deferred Revenue - Current |
0.3 |
0.7 |
0.0 |
0.3 |
Interim Balance Sheet
Standardized
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Mar-2012 |
31-Dec-2011 |
30-Sep-2011 |
30-Jun-2011 |
31-Mar-2011 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
CNY |
CNY |
CNY |
CNY |
CNY |
|
Exchange Rate |
6.303024 |
6.294 |
6.3859 |
6.464 |
6.5485 |
|
|
|
|
|
|
|
|
Cash & Equivalents |
23.1 |
27.8 |
32.0 |
51.9 |
52.8 |
|
Cash and Short Term Investments |
23.1 |
27.8 |
32.0 |
51.9 |
52.8 |
|
Trade Accounts Receivable - Net |
43.0 |
43.7 |
50.9 |
45.2 |
38.3 |
|
Notes Receivable - Short Term |
1.9 |
4.3 |
1.2 |
1.2 |
3.7 |
|
Other Receivables |
0.6 |
0.9 |
1.0 |
1.1 |
0.7 |
|
Total Receivables, Net |
45.5 |
48.8 |
53.1 |
47.5 |
42.7 |
|
Total Inventory |
38.1 |
36.2 |
38.5 |
37.5 |
27.7 |
|
Prepaid Expenses |
13.3 |
10.5 |
29.4 |
24.6 |
16.0 |
|
Other Current Assets |
0.0 |
0.0 |
0.1 |
0.1 |
0.1 |
|
Other Current Assets, Total |
0.0 |
0.0 |
0.1 |
0.1 |
0.1 |
|
Total Current Assets |
120.0 |
123.3 |
153.1 |
161.5 |
139.3 |
|
|
|
|
|
|
|
|
Construction in
Progress |
6.3 |
4.5 |
12.4 |
6.8 |
5.0 |
|
Property/Plant/Equipment - Gross |
6.3 |
4.5 |
12.4 |
6.8 |
5.0 |
|
Property/Plant/Equipment - Net |
82.7 |
81.7 |
59.9 |
50.5 |
47.8 |
|
Goodwill, Net |
1.5 |
1.5 |
1.7 |
1.7 |
1.7 |
|
Intangibles, Net |
12.4 |
12.3 |
5.6 |
5.6 |
2.6 |
|
Deferred Charges |
0.1 |
0.1 |
0.1 |
0.1 |
- |
|
Deferred Income Tax - Long Term Asset |
0.7 |
0.6 |
0.4 |
0.2 |
0.2 |
|
Other Long Term Assets, Total |
0.7 |
0.7 |
0.4 |
0.3 |
0.2 |
|
Total Assets |
217.4 |
219.4 |
220.8 |
219.6 |
191.7 |
|
|
|
|
|
|
|
|
Accounts Payable |
23.4 |
27.6 |
25.7 |
32.8 |
24.8 |
|
Accrued Expenses |
1.2 |
1.4 |
2.1 |
1.9 |
1.6 |
|
Notes Payable/Short Term Debt |
58.4 |
57.6 |
60.0 |
53.6 |
37.9 |
|
Current Portion - Long Term Debt/Capital Leases |
- |
- |
- |
- |
0.1 |
|
Customer Advances |
0.1 |
0.3 |
0.1 |
0.5 |
0.2 |
|
Income Taxes Payable |
-5.4 |
-6.8 |
-5.2 |
-2.6 |
-2.0 |
|
Other Current Liabilities |
0.1 |
- |
0.9 |
0.2 |
0.1 |
|
Other Current liabilities, Total |
-5.1 |
-6.5 |
-4.2 |
-1.9 |
-1.7 |
|
Total Current Liabilities |
77.8 |
80.1 |
83.7 |
86.3 |
62.7 |
|
|
|
|
|
|
|
|
Total Long Term Debt |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Debt |
58.4 |
57.6 |
60.0 |
53.6 |
38.0 |
|
|
|
|
|
|
|
|
Deferred Income Tax - LT Liability |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Deferred Income Tax |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Minority Interest |
0.1 |
0.1 |
- |
- |
- |
|
Total Liabilities |
77.9 |
80.2 |
83.7 |
86.4 |
62.7 |
|
|
|
|
|
|
|
|
Common Stock |
22.5 |
22.6 |
22.2 |
22.0 |
21.7 |
|
Common Stock |
22.5 |
22.6 |
22.2 |
22.0 |
21.7 |
|
Additional Paid-In Capital |
83.9 |
84.0 |
82.8 |
81.8 |
80.8 |
|
Retained Earnings (Accumulated Deficit) |
33.1 |
32.7 |
32.1 |
29.4 |
26.5 |
|
Translation Adjustment |
-0.1 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Other Equity, Total |
-0.1 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Equity |
139.4 |
139.3 |
137.1 |
133.2 |
129.0 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders’ Equity |
217.4 |
219.4 |
220.8 |
219.6 |
191.7 |
|
|
|
|
|
|
|
|
Shares Outstanding - Common Stock Primary
Issue |
284.0 |
284.0 |
284.0 |
284.0 |
284.0 |
|
Total Common Shares Outstanding |
284.0 |
284.0 |
284.0 |
284.0 |
284.0 |
|
Treasury Shares - Common Stock Primary Issue |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Number of Common Shareholders |
- |
- |
11,629 |
14,579 |
13,531 |
|
Accumulated Intangible Amort, Suppl. |
- |
- |
- |
0.2 |
0.1 |
|
Deferred Revenue - Current |
0.1 |
0.3 |
0.1 |
0.5 |
0.2 |
Annual Cash Flows
Standardized
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Reclassified
Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
CNY |
CNY |
CNY |
CNY |
|
Exchange Rate
(Period Average) |
6.46438 |
6.768989 |
6.831007 |
6.950445 |
|
Auditor |
Huapu Tianjian
Gaoshang CPA |
Huapu Tianjian
Gaoshang CPA |
Huapu Tianjian
Gaoshang CPA |
Huapu Tianjian
Gaoshang CPA |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
Cash Receipts |
136.3 |
79.7 |
69.0 |
65.7 |
|
Cash Payments |
-166.2 |
-72.1 |
-52.6 |
-53.7 |
|
Cash Taxes Paid |
1.6 |
0.9 |
-3.2 |
-3.2 |
|
Other Operating Cash Flow |
-1.6 |
-1.7 |
-1.8 |
-3.8 |
|
Changes in Working Capital |
-1.6 |
-1.7 |
-1.8 |
-3.8 |
|
Cash from Operating Activities |
-29.9 |
6.7 |
11.5 |
5.0 |
|
Purchase of Fixed Assets |
-46.7 |
-28.3 |
-8.6 |
-3.5 |
|
Capital Expenditures |
-46.7 |
-28.3 |
-8.6 |
-3.5 |
|
Acquisition of Business |
- |
- |
-3.6 |
-2.0 |
|
Sale of Business |
- |
- |
0.0 |
0.1 |
|
Sale of Fixed Assets |
0.1 |
- |
0.1 |
0.0 |
|
Sale/Maturity of Investment |
- |
- |
0.0 |
1.5 |
|
Purchase of Investments |
-3.3 |
- |
-1.7 |
-1.5 |
|
Other Investing Cash Flow |
0.5 |
0.5 |
0.3 |
0.0 |
|
Other Investing Cash Flow Items, Total |
-2.7 |
0.5 |
-4.9 |
-1.8 |
|
Cash from Investing Activities |
-49.4 |
-27.8 |
-13.5 |
-5.3 |
|
Other Financing Cash Flow |
78.2 |
-2.8 |
-0.6 |
7.2 |
|
Financing Cash Flow Items |
78.2 |
-2.8 |
-0.6 |
7.2 |
|
Total Debt Issued |
68.7 |
43.1 |
5.1 |
23.0 |
|
Total Debt Reduction |
-52.7 |
-15.5 |
-5.7 |
-19.6 |
|
Issuance (Retirement) of Debt, Net |
16.0 |
27.6 |
-0.6 |
3.4 |
|
Cash from Financing Activities |
94.2 |
24.8 |
-1.2 |
10.6 |
|
Foreign Exchange Effects |
-0.6 |
-0.1 |
0.0 |
-0.1 |
|
Net Change in Cash |
14.3 |
3.6 |
-3.1 |
10.2 |
|
Net Cash - Beginning Balance |
12.8 |
8.6 |
11.7 |
1.3 |
|
Net Cash - Ending Balance |
27.1 |
12.2 |
8.6 |
11.5 |
|
Depreciation |
4.8 |
1.9 |
1.4 |
1.2 |
Interim Cash Flows
Standardized
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Mar-2012 |
31-Dec-2011 |
30-Sep-2011 |
30-Jun-2011 |
31-Mar-2011 |
|
Period Length |
3 Months |
12 Months |
9 Months |
6 Months |
3 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
CNY |
CNY |
CNY |
CNY |
CNY |
|
Exchange Rate
(Period Average) |
6.309123 |
6.46438 |
6.500043 |
6.541904 |
6.583076 |
|
|
|
|
|
|
|
|
Cash Receipts |
31.9 |
136.3 |
56.5 |
37.1 |
17.0 |
|
Cash Payments |
-35.5 |
-166.2 |
-87.1 |
-59.4 |
-29.3 |
|
Cash Taxes Paid |
1.7 |
1.6 |
0.6 |
1.0 |
1.2 |
|
Other Operating Cash Flow |
-1.3 |
-1.6 |
-2.8 |
-2.2 |
-0.7 |
|
Changes in Working Capital |
-1.3 |
-1.6 |
-2.8 |
-2.2 |
-0.7 |
|
Cash from Operating Activities |
-3.2 |
-29.9 |
-32.9 |
-23.5 |
-11.8 |
|
|
|
|
|
|
|
|
Purchase of Fixed Assets |
-3.6 |
-46.7 |
-41.4 |
-24.4 |
-17.8 |
|
Capital Expenditures |
-3.6 |
-46.7 |
-41.4 |
-24.4 |
-17.8 |
|
Acquisition of Business |
0.0 |
- |
-3.5 |
-3.4 |
-3.4 |
|
Sale of Fixed Assets |
- |
0.1 |
0.1 |
0.1 |
- |
|
Purchase of Investments |
- |
-3.3 |
- |
- |
- |
|
Other Investing Cash Flow |
0.0 |
0.5 |
0.3 |
0.2 |
0.0 |
|
Other Investing Cash Flow Items, Total |
0.0 |
-2.7 |
-3.1 |
-3.2 |
-3.4 |
|
Cash from Investing Activities |
-3.5 |
-49.4 |
-44.5 |
-27.6 |
-21.2 |
|
|
|
|
|
|
|
|
Other Financing Cash Flow |
-0.9 |
78.2 |
90.0 |
89.9 |
79.1 |
|
Financing Cash Flow Items |
-0.9 |
78.2 |
90.0 |
89.9 |
79.1 |
|
Total Debt Issued |
13.5 |
68.7 |
48.7 |
24.7 |
16.2 |
|
Total Debt Reduction |
-10.7 |
-52.7 |
-42.9 |
-25.8 |
-22.3 |
|
Issuance (Retirement) of Debt, Net |
2.8 |
16.0 |
5.8 |
-1.1 |
-6.1 |
|
Cash from Financing Activities |
1.9 |
94.2 |
95.8 |
88.8 |
73.0 |
|
Foreign Exchange Effects |
0.3 |
-0.6 |
-0.3 |
0.2 |
0.0 |
|
Net Change in Cash |
-4.6 |
14.3 |
18.1 |
37.9 |
40.0 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
27.8 |
12.8 |
13.4 |
13.3 |
12.6 |
|
Net Cash - Ending Balance |
23.1 |
27.1 |
31.5 |
51.2 |
52.5 |
|
Depreciation |
- |
4.8 |
- |
2.1 |
- |
Annual Income Statement
As Reported
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
CNY |
CNY |
CNY |
CNY |
|
Exchange Rate
(Period Average) |
6.46438 |
6.768989 |
6.831007 |
6.950445 |
|
Auditor |
Huapu Tianjian
Gaoshang CPA |
Huapu Tianjian
Gaoshang CPA |
Huapu Tianjian
Gaoshang CPA |
Huapu Tianjian
Gaoshang CPA |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
In Operating Income |
128.0 |
77.7 |
59.3 |
61.9 |
|
Total Revenue |
128.0 |
77.7 |
59.3 |
61.9 |
|
|
|
|
|
|
|
OperatingCost |
103.4 |
58.4 |
45.0 |
49.5 |
|
Business taxes and surcharges |
0.4 |
0.1 |
0.1 |
0.1 |
|
Marketing expenses |
3.4 |
2.2 |
1.5 |
1.3 |
|
Administrative expenses |
8.1 |
3.3 |
2.5 |
2.5 |
|
Interests Expenses |
3.0 |
1.2 |
0.5 |
0.8 |
|
Interest Income |
-0.5 |
-0.1 |
0.0 |
0.0 |
|
Foreign Exchange Gain/Loss |
2.1 |
0.3 |
0.0 |
0.1 |
|
Commission Fees |
0.1 |
0.1 |
0.1 |
0.3 |
|
Assets depreciation loss |
0.8 |
0.5 |
0.1 |
0.0 |
|
Gain/Loss from Change in Fair Value |
- |
0.5 |
-0.5 |
0.0 |
|
Investment Income |
- |
-0.1 |
-0.6 |
0.0 |
|
Total Operating Expense |
125.4 |
66.5 |
48.7 |
54.5 |
|
|
|
|
|
|
|
Gain on Sale of Fixed Assets |
0.0 |
- |
- |
- |
|
Non - Operating Income |
1.2 |
0.0 |
1.1 |
0.0 |
|
Loss on Sale of Fixed Assets |
-0.2 |
- |
-0.1 |
0.0 |
|
Non-operating expenses |
-0.2 |
- |
- |
0.0 |
|
Net Income Before Taxes |
3.4 |
11.3 |
11.6 |
7.5 |
|
|
|
|
|
|
|
Provision for Income Taxes |
0.9 |
1.5 |
1.4 |
0.4 |
|
Net Income After Taxes |
2.5 |
9.8 |
10.2 |
7.0 |
|
|
|
|
|
|
|
Minority Interest Income |
0.0 |
- |
-2.0 |
-1.4 |
|
Net Income Before Extra. Items |
2.5 |
9.8 |
8.2 |
5.6 |
|
Net Income |
2.5 |
9.8 |
8.2 |
5.6 |
|
|
|
|
|
|
|
Income Available to Com Excl ExtraOrd |
2.5 |
9.8 |
8.2 |
5.6 |
|
|
|
|
|
|
|
Income Available to Com Incl ExtraOrd |
2.5 |
9.8 |
8.2 |
5.6 |
|
|
|
|
|
|
|
Basic Weighted Average Shares |
272.0 |
212.0 |
202.6 |
162.5 |
|
Basic EPS Excluding ExtraOrdinary Items |
0.01 |
0.05 |
0.04 |
0.03 |
|
Basic EPS Including ExtraOrdinary Items |
0.01 |
0.05 |
0.04 |
0.03 |
|
Diluted Net Income |
2.5 |
9.8 |
8.2 |
5.6 |
|
Diluted Weighted Average Shares |
272.0 |
212.0 |
202.6 |
162.5 |
|
Diluted EPS Excluding ExtraOrd Items |
0.01 |
0.05 |
0.04 |
0.03 |
|
Diluted EPS Including ExtraOrd Items |
0.01 |
0.05 |
0.04 |
0.03 |
|
DPS-A Share |
0.00 |
0.00 |
0.00 |
0.00 |
|
Gross Dividends - Common Stock |
0.0 |
0.0 |
0.0 |
0.0 |
|
Normalized Income Before Taxes |
4.4 |
11.8 |
11.8 |
7.5 |
|
|
|
|
|
|
|
Inc Tax Ex Impact of Sp Items |
1.1 |
1.5 |
1.4 |
0.4 |
|
Normalized Income After Taxes |
3.3 |
10.3 |
10.4 |
7.0 |
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
3.3 |
10.3 |
8.4 |
5.6 |
|
|
|
|
|
|
|
Basic Normalized EPS |
0.01 |
0.05 |
0.04 |
0.03 |
|
Diluted Normalized EPS |
0.01 |
0.05 |
0.04 |
0.03 |
|
Interest Expense, Supplemental |
3.0 |
1.2 |
0.5 |
0.8 |
|
Depreciation, Supplemental |
4.8 |
1.9 |
1.4 |
1.2 |
|
Amort of Acquisition Costs, Supplemental |
0.2 |
0.1 |
0.1 |
0.0 |
|
Research & Development Exp, Supplemental |
- |
1.0 |
0.7 |
0.9 |
|
Rental Expense, Supplemental |
- |
0.1 |
0.1 |
0.0 |
|
Current Tax |
- |
1.6 |
1.3 |
0.5 |
|
Current Tax - Total |
- |
1.6 |
1.3 |
0.5 |
|
Deffered Tax |
- |
-0.1 |
0.1 |
-0.1 |
|
Deferred Tax - Total |
- |
-0.1 |
0.1 |
-0.1 |
|
Income Tax - Total |
- |
1.5 |
1.4 |
0.4 |
Interim Income Statement
As Reported
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Mar-2012 |
31-Dec-2011 |
30-Sep-2011 |
30-Jun-2011 |
31-Mar-2011 |
|
Period Length |
3 Months |
3 Months |
3 Months |
3 Months |
3 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
CNY |
CNY |
CNY |
CNY |
CNY |
|
Exchange Rate
(Period Average) |
6.309123 |
6.359548 |
6.417282 |
6.501206 |
6.583076 |
|
|
|
|
|
|
|
|
In Operating Income |
25.7 |
31.7 |
38.2 |
34.4 |
23.8 |
|
Total Revenue |
25.7 |
31.7 |
38.2 |
34.4 |
23.8 |
|
|
|
|
|
|
|
|
OperatingCost |
21.9 |
28.2 |
30.3 |
26.6 |
18.6 |
|
Business taxes and surcharges |
0.0 |
0.3 |
0.1 |
0.0 |
0.0 |
|
Administrative expenses |
1.7 |
2.0 |
2.4 |
2.3 |
1.4 |
|
Marketing expenses |
1.0 |
1.0 |
0.9 |
0.9 |
0.6 |
|
Financial expenses |
0.7 |
1.6 |
1.8 |
0.9 |
0.4 |
|
Assets depreciation loss |
-0.1 |
-0.4 |
0.4 |
0.3 |
0.4 |
|
Total Operating Expense |
25.3 |
32.7 |
35.9 |
31.0 |
21.4 |
|
|
|
|
|
|
|
|
Non-operating income |
0.1 |
1.2 |
0.0 |
0.0 |
0.0 |
|
Non-operating expenses |
0.0 |
0.0 |
0.0 |
-0.3 |
- |
|
Net Income Before Taxes |
0.5 |
0.1 |
2.4 |
3.1 |
2.5 |
|
|
|
|
|
|
|
|
Provision for Income Taxes |
0.0 |
-0.2 |
0.2 |
0.5 |
0.3 |
|
Net Income After Taxes |
0.5 |
0.3 |
2.1 |
2.6 |
2.2 |
|
|
|
|
|
|
|
|
Minority Interest Income |
0.0 |
0.0 |
- |
- |
- |
|
Net Income Before Extra. Items |
0.5 |
0.3 |
2.1 |
2.6 |
2.2 |
|
Net Income |
0.5 |
0.3 |
2.1 |
2.6 |
2.2 |
|
|
|
|
|
|
|
|
Income Available to Com Excl ExtraOrd |
0.5 |
0.3 |
2.1 |
2.6 |
2.2 |
|
|
|
|
|
|
|
|
Income Available to Com Incl ExtraOrd |
0.5 |
0.3 |
2.1 |
2.6 |
2.2 |
|
|
|
|
|
|
|
|
Basic Weighted Average Shares |
284.0 |
284.0 |
284.0 |
283.0 |
237.0 |
|
Basic EPS Excluding ExtraOrdinary Items |
0.00 |
0.00 |
0.01 |
0.01 |
0.01 |
|
Basic EPS Including ExtraOrdinary Items |
0.00 |
0.00 |
0.01 |
0.01 |
0.01 |
|
Diluted Net Income |
0.5 |
0.3 |
2.1 |
2.6 |
2.2 |
|
Diluted Weighted Average Shares |
284.0 |
284.0 |
284.0 |
283.0 |
237.0 |
|
Diluted EPS Excluding ExtraOrd Items |
0.00 |
0.00 |
0.01 |
0.01 |
0.01 |
|
Diluted EPS Including ExtraOrd Items |
0.00 |
0.00 |
0.01 |
0.01 |
0.01 |
|
DPS-A Share |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
Gross Dividends - Common Stock |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Normalized Income Before Taxes |
0.5 |
-0.3 |
2.8 |
3.4 |
2.9 |
|
|
|
|
|
|
|
|
Inc Tax Ex Impact of Sp Items |
0.0 |
-0.4 |
0.3 |
0.6 |
0.4 |
|
Normalized Income After Taxes |
0.4 |
0.1 |
2.5 |
2.8 |
2.5 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
0.4 |
0.1 |
2.5 |
2.8 |
2.5 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
0.00 |
0.00 |
0.01 |
0.01 |
0.01 |
|
Diluted Normalized EPS |
0.00 |
0.00 |
0.01 |
0.01 |
0.01 |
Annual Balance Sheet
As Reported
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
CNY |
CNY |
CNY |
CNY |
|
Exchange Rate |
6.294 |
6.5897 |
6.827 |
6.823 |
|
Auditor |
Huapu Tianjian
Gaoshang CPA |
Huapu Tianjian
Gaoshang CPA |
Huapu Tianjian
Gaoshang CPA |
Huapu Tianjian
Gaoshang CPA |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
Monetary capital |
27.8 |
12.6 |
8.6 |
11.7 |
|
Financial Assets - Trading |
- |
0.0 |
0.5 |
0.0 |
|
Notes Receivable |
4.3 |
0.4 |
3.1 |
3.9 |
|
Accounts receivable, net |
43.7 |
- |
- |
- |
|
Accounts Receivable (Gross) |
- |
28.8 |
17.8 |
17.9 |
|
Provision for Doubtful Accounts |
- |
-1.5 |
-0.9 |
-0.9 |
|
Prepayments |
10.5 |
7.7 |
2.6 |
2.2 |
|
Other Receivables |
0.9 |
0.9 |
0.6 |
0.5 |
|
Inventory, net |
36.2 |
- |
- |
- |
|
Raw Material |
- |
3.9 |
2.3 |
2.3 |
|
Finished Products/Goods in Store |
- |
7.6 |
5.1 |
5.6 |
|
Work-in-Process |
- |
4.2 |
2.3 |
3.0 |
|
Subcontracted Material |
- |
1.2 |
0.6 |
0.5 |
|
Low Value Consumable |
- |
2.0 |
0.6 |
0.4 |
|
Other Current Assets |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Current Assets |
123.3 |
67.7 |
43.3 |
47.0 |
|
|
|
|
|
|
|
Fixed assets, net |
77.2 |
- |
- |
- |
|
Buildings & Structures |
- |
14.7 |
3.0 |
3.0 |
|
Machinery and Equipment |
- |
28.1 |
14.1 |
11.1 |
|
Transportation Equipment |
- |
0.6 |
0.3 |
0.3 |
|
Electrical Equipment and Other |
- |
1.0 |
0.5 |
0.5 |
|
Accumulated Depreciation |
- |
-5.9 |
-3.8 |
-2.5 |
|
Under-construction projects |
4.5 |
5.1 |
3.2 |
0.1 |
|
Intangible assets |
12.3 |
2.6 |
2.6 |
1.0 |
|
Goodwill |
1.5 |
- |
- |
- |
|
Long-term prepaid expenses |
0.1 |
- |
- |
- |
|
Deferred income tax assets |
0.6 |
0.2 |
0.1 |
0.2 |
|
Total Assets |
219.4 |
114.1 |
63.5 |
60.7 |
|
|
|
|
|
|
|
Short Term Borrowing |
51.7 |
33.7 |
6.0 |
9.5 |
|
Notes Payable |
5.9 |
12.3 |
10.9 |
6.4 |
|
Accounts Payable |
27.6 |
20.9 |
8.8 |
13.8 |
|
Advance receipts |
0.3 |
0.7 |
0.0 |
0.3 |
|
Staff remuneration payables |
1.3 |
0.8 |
0.6 |
0.6 |
|
Taxes payable |
-6.8 |
-1.1 |
0.7 |
0.5 |
|
Interest payable |
0.0 |
- |
- |
- |
|
Other Creditors |
0.1 |
0.2 |
0.2 |
0.2 |
|
Non-current liabilities due within one y |
- |
0.2 |
0.9 |
0.9 |
|
Other Current Liabilities |
- |
0.1 |
0.1 |
0.0 |
|
Total Current Liabilities |
80.1 |
67.8 |
28.2 |
32.1 |
|
|
|
|
|
|
|
Long Term Payables |
- |
0.0 |
0.2 |
1.1 |
|
Deferred Income Tax Liabilities |
0.0 |
0.0 |
0.1 |
0.1 |
|
Minority Interest |
0.1 |
0.0 |
0.0 |
4.3 |
|
Total Liabilities |
80.2 |
67.8 |
28.5 |
37.6 |
|
|
|
|
|
|
|
Capital Stock |
22.6 |
16.1 |
15.5 |
14.7 |
|
Capital reserves |
84.0 |
6.0 |
5.7 |
2.9 |
|
Surplus reserves |
0.8 |
0.2 |
0.1 |
0.0 |
|
Retained profits |
31.9 |
24.0 |
13.5 |
5.5 |
|
Foreign currency translation differences |
0.0 |
0.1 |
0.1 |
0.0 |
|
Total Equity |
139.3 |
46.3 |
35.0 |
23.1 |
|
|
|
|
|
|
|
Total Liabilities & Shareholders' Equity |
219.4 |
114.1 |
63.5 |
60.7 |
|
|
|
|
|
|
|
S/O-A Share |
284.0 |
212.0 |
212.0 |
200.0 |
|
Total Common Shares Outstanding |
284.0 |
212.0 |
212.0 |
200.0 |
|
T/S-A Share |
0.0 |
0.0 |
0.0 |
0.0 |
|
Customer Advance |
0.3 |
0.7 |
0.0 |
0.3 |
|
Accumulated Intangible Amort, Suppl. |
- |
0.1 |
0.1 |
- |
|
Full-Time Employees |
- |
1,516 |
1,018 |
882 |
Interim Balance Sheet
As Reported
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Mar-2012 |
31-Dec-2011 |
30-Sep-2011 |
30-Jun-2011 |
31-Mar-2011 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
CNY |
CNY |
CNY |
CNY |
CNY |
|
Exchange Rate |
6.303024 |
6.294 |
6.3859 |
6.464 |
6.5485 |
|
|
|
|
|
|
|
|
Monetary capital |
23.1 |
27.8 |
32.0 |
51.9 |
52.8 |
|
Notes Receivable |
1.9 |
4.3 |
1.2 |
1.2 |
3.7 |
|
Accounts receivable |
43.0 |
43.7 |
50.9 |
45.2 |
38.3 |
|
Prepayments |
13.3 |
10.5 |
29.4 |
24.6 |
16.0 |
|
Other Receivables |
0.6 |
0.9 |
1.0 |
1.1 |
0.7 |
|
Other Current Assets |
0.0 |
0.0 |
0.1 |
0.1 |
0.1 |
|
Inventory |
38.1 |
36.2 |
38.5 |
37.5 |
27.7 |
|
Total Current Assets |
120.0 |
123.3 |
153.1 |
161.5 |
139.3 |
|
|
|
|
|
|
|
|
Fixed assets |
76.4 |
77.2 |
47.6 |
43.7 |
42.8 |
|
Under-construction projects |
6.3 |
4.5 |
12.4 |
6.8 |
5.0 |
|
Intangible assets |
12.4 |
12.3 |
5.6 |
5.6 |
2.6 |
|
Goodwill |
1.5 |
1.5 |
1.7 |
1.7 |
1.7 |
|
Long-term prepaid expenses |
0.1 |
0.1 |
0.1 |
0.1 |
- |
|
Deferred income tax assets |
0.7 |
0.6 |
0.4 |
0.2 |
0.2 |
|
Total Assets |
217.4 |
219.4 |
220.8 |
219.6 |
191.7 |
|
|
|
|
|
|
|
|
Short-term borrowings |
54.4 |
51.7 |
40.7 |
33.3 |
27.8 |
|
Notes Payable |
4.0 |
5.9 |
19.3 |
20.4 |
10.1 |
|
Accounts Payable |
23.4 |
27.6 |
25.7 |
32.8 |
24.8 |
|
Advance receipts |
0.1 |
0.3 |
0.1 |
0.5 |
0.2 |
|
Staff remuneration payables |
1.1 |
1.3 |
1.5 |
1.1 |
1.1 |
|
Taxes payable |
-5.4 |
-6.8 |
-5.2 |
-2.6 |
-2.0 |
|
Interest payable |
0.0 |
0.0 |
- |
- |
- |
|
Other Creditors |
0.1 |
0.1 |
0.6 |
0.8 |
0.5 |
|
Non-current liabilities due within one y |
- |
- |
- |
- |
0.1 |
|
Other Current Liabilities |
0.1 |
- |
0.9 |
0.2 |
0.1 |
|
Total Current Liabilities |
77.8 |
80.1 |
83.7 |
86.3 |
62.7 |
|
|
|
|
|
|
|
|
Minority Interest |
0.1 |
0.1 |
- |
- |
- |
|
Deferred Income Tax Liabilities |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Liabilities |
77.9 |
80.2 |
83.7 |
86.4 |
62.7 |
|
|
|
|
|
|
|
|
Paid-up capital |
22.5 |
22.6 |
22.2 |
22.0 |
21.7 |
|
Capital reserves |
83.9 |
84.0 |
82.8 |
81.8 |
80.8 |
|
Surplus reserves |
0.8 |
0.8 |
0.2 |
0.2 |
0.2 |
|
Retained profits |
32.3 |
31.9 |
31.9 |
29.2 |
26.3 |
|
Foreign currency translation differences |
-0.1 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Equity |
139.4 |
139.3 |
137.1 |
133.2 |
129.0 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders' Equity |
217.4 |
219.4 |
220.8 |
219.6 |
191.7 |
|
|
|
|
|
|
|
|
S/O-A Share |
284.0 |
284.0 |
284.0 |
284.0 |
284.0 |
|
Total Common Shares Outstanding |
284.0 |
284.0 |
284.0 |
284.0 |
284.0 |
|
T/S-A Share |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Customer Advance |
0.1 |
0.3 |
0.1 |
0.5 |
0.2 |
|
Accumulated Intangible Amort, Suppl. |
- |
- |
- |
0.2 |
0.1 |
|
Number of Common Shareholders |
- |
- |
11,629 |
14,579 |
13,531 |
Annual Cash Flows
As Reported
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Reclassified
Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
CNY |
CNY |
CNY |
CNY |
|
Exchange Rate
(Period Average) |
6.46438 |
6.768989 |
6.831007 |
6.950445 |
|
Auditor |
Huapu Tianjian
Gaoshang CPA |
Huapu Tianjian
Gaoshang CPA |
Huapu Tianjian
Gaoshang CPA |
Huapu Tianjian
Gaoshang CPA |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
Cash Receipts |
136.3 |
79.7 |
69.0 |
65.7 |
|
Cash Payments |
-166.2 |
-72.1 |
-52.6 |
-53.7 |
|
Tax rebates received |
5.6 |
3.0 |
0.0 |
0.0 |
|
Other Cash from Operating Activities |
1.2 |
0.0 |
0.1 |
0.1 |
|
Cash paid for taxes and surcharges |
-4.0 |
-2.1 |
-3.2 |
-3.2 |
|
Cash paid for other operating activities |
-2.7 |
-1.8 |
-1.9 |
-3.9 |
|
Cash from Operating Activities |
-29.9 |
6.7 |
11.5 |
5.0 |
|
|
|
|
|
|
|
Sale/Maturity/Redemption of Investments |
- |
- |
0.0 |
1.5 |
|
Cash from Return on Investments |
- |
0.1 |
0.6 |
0.0 |
|
Net cash from disposal of fixed assets, |
0.1 |
- |
0.1 |
0.0 |
|
Cash from Disposal of Subsidiaries |
- |
- |
0.0 |
0.1 |
|
Other cash received concerning investing |
0.5 |
0.4 |
0.0 |
0.0 |
|
Cash paid for purchase and construction |
-46.7 |
-28.3 |
-8.6 |
-3.5 |
|
Cash paid for acquisition of investments |
-3.3 |
- |
-1.7 |
-1.5 |
|
Cash Paid for Acquisition of Subsidiary |
- |
- |
-3.6 |
-2.0 |
|
Other Cash Paid for Investing Activities |
- |
- |
-0.3 |
0.0 |
|
Cash from Investing Activities |
-49.4 |
-27.8 |
-13.5 |
-5.3 |
|
|
|
|
|
|
|
Cash received from capital contributions |
81.4 |
- |
3.7 |
9.8 |
|
Cash from Borrowings |
68.7 |
43.1 |
5.1 |
23.0 |
|
Other cash received concerning financing |
- |
0.9 |
0.9 |
3.7 |
|
Repayment of Borrowings |
-52.7 |
-15.5 |
-5.7 |
-19.6 |
|
Cash paid for dividend and profit distri |
-3.0 |
-1.2 |
-0.3 |
-2.1 |
|
Cash paid for other financing activities |
-0.2 |
-2.6 |
-4.8 |
-4.3 |
|
Cash from Financing Activities |
94.2 |
24.8 |
-1.2 |
10.6 |
|
|
|
|
|
|
|
Foreign Exchange Effects |
-0.6 |
-0.1 |
0.0 |
-0.1 |
|
Net Change in Cash |
14.3 |
3.6 |
-3.1 |
10.2 |
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
12.8 |
8.6 |
11.7 |
1.3 |
|
Net Cash - Ending Balance |
27.1 |
12.2 |
8.6 |
11.5 |
|
Depreciation |
4.8 |
1.9 |
1.4 |
1.2 |
|
Amortization of Intangibles |
0.2 |
0.1 |
0.1 |
0.0 |
Interim Cash Flows
As Reported
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Mar-2012 |
31-Dec-2011 |
30-Sep-2011 |
30-Jun-2011 |
31-Mar-2011 |
|
Period Length |
3 Months |
12 Months |
9 Months |
6 Months |
3 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
CNY |
CNY |
CNY |
CNY |
CNY |
|
Exchange Rate
(Period Average) |
6.309123 |
6.46438 |
6.500043 |
6.541904 |
6.583076 |
|
|
|
|
|
|
|
|
Cash Receipts |
31.9 |
136.3 |
56.5 |
37.1 |
17.0 |
|
Cash Payments |
-35.5 |
-166.2 |
-87.1 |
-59.4 |
-29.3 |
|
Tax rebates received |
2.1 |
5.6 |
3.2 |
2.6 |
1.4 |
|
Other cash received concerning operating |
0.1 |
1.2 |
0.0 |
0.0 |
0.0 |
|
Cash paid for taxes and surcharges |
-0.4 |
-4.0 |
-2.7 |
-1.7 |
-0.2 |
|
Cash paid for other operating activities |
-1.4 |
-2.7 |
-2.9 |
-2.2 |
-0.7 |
|
Cash from Operating Activities |
-3.2 |
-29.9 |
-32.9 |
-23.5 |
-11.8 |
|
|
|
|
|
|
|
|
Net cash from disposal of fixed assets, |
- |
0.1 |
0.1 |
0.1 |
- |
|
Other cash received concerning investing |
0.0 |
0.5 |
0.3 |
0.2 |
0.0 |
|
Cash paid for purchase and construction |
-3.6 |
-46.7 |
-41.4 |
-24.4 |
-17.8 |
|
Cash paid for acquisition of investments |
- |
-3.3 |
- |
- |
- |
|
Net cash paid for acquisition of subsidi |
0.0 |
- |
-3.5 |
-3.4 |
-3.4 |
|
Cash from Investing Activities |
-3.5 |
-49.4 |
-44.5 |
-27.6 |
-21.2 |
|
Cash received from capital contributions |
0.0 |
81.4 |
80.9 |
80.4 |
79.9 |
|
Borrowings received |
13.5 |
68.7 |
48.7 |
24.7 |
16.2 |
|
Other cash received concerning financing |
- |
- |
11.4 |
11.3 |
- |
|
Cash repayments of amounts borrowed |
-10.7 |
-52.7 |
-42.9 |
-25.8 |
-22.3 |
|
Cash paid for dividend and profit distri |
-0.9 |
-3.0 |
-2.1 |
-1.6 |
-0.7 |
|
Cash paid for other financing activities |
0.0 |
-0.2 |
-0.2 |
-0.2 |
-0.1 |
|
Cash from Financing Activities |
1.9 |
94.2 |
95.8 |
88.8 |
73.0 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
0.3 |
-0.6 |
-0.3 |
0.2 |
0.0 |
|
Net Change in Cash |
-4.6 |
14.3 |
18.1 |
37.9 |
40.0 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
27.8 |
12.8 |
13.4 |
13.3 |
12.6 |
|
Net Cash - Ending Balance |
23.1 |
27.1 |
31.5 |
51.2 |
52.5 |
|
Depreciation |
- |
4.8 |
- |
2.1 |
- |
|
Amortization of Intangibles |
- |
0.2 |
- |
0.0 |
- |
Geographic Segments
Financials in: As Reported (mil)
|
Annual |
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Geographic Segments
Financials in: As Reported (mil)
|
Interim |
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FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.56 |
|
UK Pound |
1 |
Rs.85.52 |
|
Euro |
1 |
Rs.69.50 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit transaction.
It has above average (strong) capability for payment of interest and
principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General unfavourable
factors will not cause fatal effect. Satisfactory capability for payment of
interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with full
security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
---- |
NB |
New Business |
---- |
This score serves as a reference to assess SC’s credit risk and
to set the amount of credit to be extended. It is calculated from a composite
of weighted scores obtained from each of the major sections of this report. The
assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)p
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.