Xinxing Ductile Iron Pipes Co., Ltd.
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Xinxing Ductile Iron Pipes Co., Ltd. Financial Snapshot
Operating Performance
Fast Facts
Shang Luo Yang North Village, Wu An City, The company reported revenue of US$5,548.78
Headquarters Address
056300,People's Republic of China million during the fiscal year 2010 (2010). The
company's revenue grew at a CAGR of 41.58%
Telephone + 86 310 5792011
during 2006–2010, with an annual growth of 30.56%
over 2009. In 2010, the company recorded an
Fax + 86 310 5796999 operating margin of 4.27%, as against 4.74% in 2009.
Website www.xinxing-pipes.com
Revenue and Margins
Ticker Symbol, Stock Exchange 000778, Shenzhen Stock Exchange
Number of Employees 14,727
Fiscal Year End December
Revenue (in US$ million) 5,548.78
Revenue (in CNY million) 37,620.74
Return on Equity
The company recorded a return on equity (ROE) of
12.86% for 2010, as compared to its peers, Xinjiang
BA YI Iron & Steel Co., Ltd. (Ticker: 600581),
Hangzhou Iron & Steel Holdings Co., Ltd. (Ticker:
600126) and Tangshan Iron & Steel Co., Ltd. (Ticker:
000709), which recorded ROEs of 15.54%, 9.91%
and 4.79% respectively. The company reported a net
profit margin of 4.27% in 2010.
Return on Equity
Liquidity Position
The company reported a current ratio of 1.28 in 2010,
as compared to its peers, Xinjiang BA YI Iron & Steel
Co., Ltd., Hangzhou Iron & Steel Holdings Co., Ltd.
and Tangshan Iron & Steel Co., Ltd., which recorded
current ratios of 0.59, 1.15 and 0.79 respectively. As
of December 2010, the company recorded cash and
short-term investments of worth US$523.04 million,
against zero current debt. The company reported a
debt to equity ratio of 0.71 in 2010 as compared to its
peers, Xinjiang BA YI Iron & Steel Co., Ltd.,
Hangzhou Iron & Steel Holdings Co., Ltd. and
Tangshan Iron & Steel Co., Ltd., which recorded debt
to equity ratios of 1.69, 0.77 and 1.61 respectively.
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Xinxing Ductile Iron Pipes Co., Ltd. - Company Page 1
Capsule
Xinxing Ductile Iron Pipes Co., Ltd.
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TABLE OF CONTENTS
1 Business Analysis ................................................................................................................................... 5
1.1 Company Overview ................................................................................................................................................5
1.2 Major Products and Services .................................................................................................................................5
2 Analysis of Key Performance Indicators ............................................................................................... 6
2.1 Five Year Snapshot: Overview of Financial and Operational Performance Indicators ..........................................6
2.2 Key Financial Performance Indicators ...................................................................................................................9
2.2.1 Revenue and Operating Profit ...........................................................................................................................9
2.2.2 Asset, Liabilities and Capex .............................................................................................................................10
2.2.3 Net Debt vs. Gearing Ratio ..............................................................................................................................11
2.2.4 Operational Efficiency ......................................................................................................................................12
2.2.5 Solvency ..........................................................................................................................................................13
2.2.6 Valuation ..........................................................................................................................................................14
2.3 Competitive Benchmarking ..........................................................................................................