Cross-Market Price Comparison
| Other Listed Market | Shanghai (SSE) — 中创智领 |
|---|---|
| Other Market Stock Code | 601717 |
| H-Share Offer Price | To be extracted |
| Other Market Price | Loading... |
| Reference Exchange Rate | Loading... |
| H-Share Offer Price Premium/Discount vs Other Market | Loading... |
Company Overview
| Stock Name | ZCZL |
|---|---|
| Stock Code | 00564 |
| Company Full Name | To be extracted |
| Industry | Industrial Goods |
| Principal Activities | 中國領先的煤炭綜採綜掘設備製造商，主要生產及銷售液壓支架，為中國最大液壓支架製造商；亦從事鋼鐵及其他原料貿易，並製造刮板輸送機、掘進機等煤炭採掘設備。 |
| Listing Date | 2012-12-05 |
| Listing Rules Era | Old Rules |
| Listing Rules Chapter | To be extracted |
| Weighted Voting Rights (WVR) | No |
| Registered Address (Mainland China) | 河南省鄭州市華山路105號 |
| Business Address (Hong Kong) | 香港灣仔皇后大道東183號合和中心39樓3907–08室 |
| Place of Incorporation | To be extracted |
| Listing Method | To be extracted |
| Listing Board | Main Board |
| Website | www.zzmj.com |
| Share Registrar | 香港中央證券登記有限公司 (Computershare Hong Kong Investor Services Limited) |
| Registrar Contact | (852)2862 8628 |
| A-Share/US Dual Listing | Yes (A股) |
Offering Information
| Offering Mechanism | Mechanism A |
|---|---|
| Offer Price | HK$ 10.38 / shares |
| Offer Price Range | To be extracted |
| Lot Size | To be extracted |
| Entry Threshold | To be extracted |
| Par Value | RMB 1.0 / shares |
| Offer Period | 2012-11-22 to 2012-11-27 |
| Global Offering Shares | 221,122,000 shares |
| HK Public Offer Shares (Initial) | 22,112,400 shares (10.0%) |
| Public Offer Lots (Initial) | To be extracted |
| International Placing Shares (Initial) | 199,009,600 shares (90.0%) |
| Offer Ratio | ~10.0% |
| Total Shares Post-IPO | 1,621,122,000 shares |
| Greenshoe (Over-allotment Option) | Yes |
| Stabilizing Manager (Greenshoe) | To be extracted |
| Cornerstone Share | 40.5% |
| Clawback Tiers | To be extracted |
| Reallocation Option | Yes |
| Total Global Offering Size | HK$ 2,295,246,360 |
Stock Connect Inclusion Analysis
| HK Market Cap | HK$ 3.8B |
|---|---|
| Analysis Result | Already included in Stock Connect (both) |
Valuation & Financials
| Market Cap (at Offer Price) | To be extracted |
|---|---|
| Pre-IPO Valuation (Last Round) | Not disclosed |
| P/E Ratio | Not disclosed |
| Profit/Loss Status | 盈利約人民幣1,213.3百萬元 |
| Period-End Cash Balance | To be extracted |
| Listing Expenses | ~HK$ 150,000,000 |
| Listing Expenses / Funds Raised | ~6.54% |
| Total Pre-IPO Investment | To be extracted |
Financial Data
Unit:
'000
RMB
Income Statement
| Item | 2009 | 2010 | 2011 | 2012-06 |
|---|---|---|---|---|
| Revenue | 4,994,409 | 6,358,314 | 8,060,082 | 4,723,607 |
| Cost of sales | -3,745,659 | -4,723,766 | -6,108,032 | -3,388,673 |
| Gross profit | 1,248,750 | 1,634,548 | 1,952,050 | 1,334,934 |
| Other income and gains, net | 25,574 | 41,741 | 91,251 | 59,937 |
| Selling and distribution expenses | -156,279 | -153,621 | -223,725 | -176,411 |
| Administrative expenses | -291,641 | -385,525 | -359,534 | -199,877 |
| Operating profit | 790,274 | 1,074,392 | 1,415,684 | 983,131 |
| Net finance costs | -17,503 | -19,078 | -6,904 | -2,039 |
| Share of associates and JVs | 449 | 9,045 | 12,246 | 8,545 |
| Profit before tax | 773,220 | 1,064,359 | 1,421,026 | 989,637 |
| Income tax expense | -126,467 | -171,568 | -207,776 | -157,349 |
| Profit for the year | 646,753 | 892,791 | 1,213,250 | 832,288 |
| Profit attributable to owners | 630,414 | 882,570 | 1,194,058 | 811,915 |
Balance Sheet
| Item | 2009 | 2010 | 2011 | 2012-06 |
|---|---|---|---|---|
| Cash and cash equivalents | 1,007,203 | 3,636,274 | 3,238,928 | 2,878,059 |
| Trade and bills receivables | 1,797,599 | 2,344,807 | 2,904,096 | 3,515,254 |
| Inventories | 1,074,543 | 1,299,984 | 1,644,019 | 2,257,254 |
| Total current assets | 4,134,723 | 7,678,738 | 8,508,730 | 9,100,416 |
| Total assets | 4,765,062 | 9,053,154 | 10,435,486 | 11,362,722 |
| Total current liabilities | 2,910,464 | 3,778,124 | 4,202,897 | 4,387,338 |
| Total liabilities | 3,205,434 | 3,913,094 | 4,286,868 | 4,465,816 |
| Total equity | 1,559,628 | 5,140,060 | 6,148,618 | 6,896,906 |
| Equity attributable to owners | 1,496,046 | 4,995,018 | 5,874,076 | 6,601,991 |
| Interest-bearing borrowings | 375,000 | 185,000 | 80,000 | 59,500 |
Cash Flow Statement
| Item | 2009 | 2010 | 2011 | 2012-06 |
|---|---|---|---|---|
| Net cash from operating activities | 576,813 | 850,934 | 537,123 | -107,910 |
| Net cash from investing activities | -248,146 | -2,628,242 | -223,205 | 54,240 |
| Net cash from financing activities | -41,132 | 2,456,379 | -191,264 | -87,199 |
| Net increase in cash | 287,535 | 679,071 | 122,654 | -140,869 |
| Depreciation of PP&E | 33,295 | 43,111 | 86,866 | 67,346 |
| Amortisation of intangible assets | 140 | 359 | 1,179 | 942 |
| Purchase of PP&E | -119,100 | -485,236 | -414,139 | -238,373 |
Income Statement
Balance Sheet
Cash Flow Statement
Source: Accountants' Report and Audited Consolidated Financial Statements
| First Day Close | HK$ 9.47 |
|---|---|
| First Day Open | HK$ 10.0 |
| First Day Change | -8.77% |
| First Day Volume | 18785000.0 |
| First Day Turnover | 178582000.0 |
| Use of Proceeds | 1、約20%或471.06百萬港元，將用作在俄羅斯及印度建立海外生產及相關設施；
2、約12%或282.64百萬港元，將用作在俄羅斯、美國、印度、土耳其及澳大利亞建立海外售后服務網絡及零部件中心；
3、約12%或282.64百萬港元，將用作建立國際銷售及營銷網絡；
4、約10%或235.53百萬港元，將用作在俄羅斯建立海外采煤運輸設備制造設施；
5、約10%或235.53百萬港元，將用作在德國及美國建立國際化研發平臺；
6、約16%或376.85百萬港元，，將用作開發我們的洗煤設備產品分部并建立相關制造設施；
7、約10%或235.53百萬港元，將用作采購我們營運所需的原料和設備；
8、任何余額將用作營運資金及其他一般企業用途。 |
Underwriting Syndicate
Joint Sponsors (2)
Overall Coordinators (4)
Joint Bookrunners (4)
Joint Lead Managers (6)
Cornerstone Investors
| # | Investor Name | Investment Amount | Shares Subscribed | % of Offer Shares | % of Total Shares | Lock-up Period | Est. Unlock Date |
|---|---|---|---|---|---|---|---|
| 1 | Eldon Development Ltd. | 77,501,232 HKD | — | 3.38% | — | 6 months | 2013-06-05 |
| 2 | Topful Holdings Limited | 387,506,160 HKD | — | 16.88% | — | 6 months | 2013-06-05 |
| 3 | 伊泰(集团)香港有限公司 | 232,503,696 HKD | — | 10.13% | — | 6 months | 2013-06-05 |
| 4 | 中国华电香港有限公司 | 232,503,696 HKD | — | 10.13% | — | 6 months | 2013-06-05 |
Directors & Management
| Position | Chinese name | English Name |
|---|---|---|
| Chairman | 焦承堯 | — |
| Company Secretary | 鮑雪良 | — |
No director data available.
Major Shareholders
| Major Shareholders & Holdings | 河南省國資委為控股股東，緊隨全球發售完成後（假設超額配股權未獲行使）持有本公司經擴大已發行股本約32.14%。 |
|---|
