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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Jinpan International Limited | NASDAQ:JST | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 5.94 | 0 | 01:00:00 |
Dated: November 24, 2015
|
|
JINPAN INTERNATIONAL LIMITED
|
|
|
|
By:
|
/s/ Mark Du
|
|
|
|
|
Name: Mark Du
|
|
|
|
|
Title: Chief Financial Officer
|
|
|
|
|
|
Exhibit No.
|
Description
|
1.
|
Press Release dated November 11, 2015
|
At Jinpan International Ltd.:
Mark Du
Chief Financial Officer
(201) 460-8778
|
Three months ended
|
||||||||||||
September 30,
|
||||||||||||
2015
|
2015
|
2014
|
||||||||||
US$
|
RMB
|
RMB
|
||||||||||
In thousands, except per share data
|
(unaudited)
|
(unaudited)
|
(unaudited)
|
|||||||||
Net Sales
|
72,723
|
462,613
|
378,260
|
|||||||||
Cost of Goods Sold
|
(51,453
|
)
|
(327,310
|
)
|
(254,313
|
)
|
||||||
Gross Profit
|
21,270
|
135,303
|
123,947
|
|||||||||
Selling and Administrative Expenses
|
(17,525
|
)
|
(111,480
|
)
|
(92,202
|
)
|
||||||
Operating income
|
3,745
|
23,823
|
31,745
|
|||||||||
Interest Expense
|
(393
|
)
|
(2,498
|
)
|
(3,715
|
)
|
||||||
Other Income
|
238
|
1,517
|
4,029
|
|||||||||
Income Before Income Taxes
|
3,590
|
22,842
|
32,059
|
|||||||||
Income Taxes
|
(507
|
)
|
(3,228
|
)
|
(5,913
|
)
|
||||||
Net Income After Taxes
|
3,083
|
19,614
|
26,146
|
|||||||||
Other Comprehensive Income (Loss)
|
||||||||||||
Foreign Currency Translation Adjustment
|
110
|
703
|
(40
|
)
|
||||||||
Total Comprehensive Income
|
3,193
|
20,317
|
26,106
|
|||||||||
Earnings per Share
|
||||||||||||
Basic
|
US$0.19
|
RMB 1.21
|
RMB 1.61
|
|||||||||
Diluted
|
US$0.19
|
RMB 1.21
|
RMB 1.61
|
|||||||||
Weighted Average Number of Shares
|
||||||||||||
Basic
|
16,232,381
|
16,232,381
|
16,232,178
|
|||||||||
Diluted
|
16,232,381
|
16,232,381
|
16,251,287
|
Nine months ended
|
||||||||||||
September 30,
|
||||||||||||
2015
|
2015
|
2014
|
||||||||||
US$
|
RMB
|
RMB
|
||||||||||
In thousands, except per share data
|
(unaudited)
|
(unaudited)
|
(unaudited)
|
|||||||||
Net Sales
|
204,890
|
1,303,365
|
1,033,783
|
|||||||||
Cost of Goods Sold
|
(149,009
|
)
|
(947,888
|
)
|
(696,666
|
)
|
||||||
Gross Profit
|
55,881
|
355,477
|
337,117
|
|||||||||
Selling and Administrative Expenses
|
(44,387
|
)
|
(282,358
|
)
|
(254,079
|
)
|
||||||
Operating income
|
11,494
|
73,119
|
83,038
|
|||||||||
Interest Expense
|
(1,167
|
)
|
(7,422
|
)
|
(11,181
|
)
|
||||||
Other Income
|
1,287
|
8,184
|
9,929
|
|||||||||
Income Before Income Taxes
|
11,614
|
73,881
|
81,786
|
|||||||||
Income Taxes
|
(1,674
|
)
|
(10,650
|
)
|
(13,985
|
)
|
||||||
Net Income After Taxes
|
9,940
|
63,231
|
67,801
|
|||||||||
Other Comprehensive Income (Loss)
|
||||||||||||
Foreign Currency Translation Adjustment
|
109
|
692
|
32
|
|||||||||
Total Comprehensive Income
|
10,049
|
63,923
|
67,833
|
|||||||||
Earnings per Share
|
||||||||||||
Basic
|
US$0.61
|
RMB 3.90
|
RMB 4.18
|
|||||||||
Diluted
|
US$0.61
|
RMB 3.90
|
RMB 4.17
|
|||||||||
Weighted Average Number of Shares
|
||||||||||||
Basic
|
16,232,381
|
16,232,381
|
16,232,178
|
|||||||||
Diluted
|
16,232,381
|
16,232,381
|
16,261,519
|
(Unaudited)
|
(Unaudited)
|
(Audited)
|
||||||||||
September 30, 2015
|
September 30, 2015
|
December 31, 2014
|
||||||||||
In thousands, except per share data
|
$US
|
RMB
|
RMB
|
|||||||||
Assets
|
||||||||||||
Current Assets
|
||||||||||||
Cash and bank
|
9,050
|
57,572
|
80,826
|
|||||||||
Restricted Cash
|
4,761
|
30,288
|
7,210
|
|||||||||
Short Term Investment
|
20,751
|
132,000
|
80,500
|
|||||||||
Notes receivable
|
10,648
|
67,738
|
70,718
|
|||||||||
Accounts receivable, net
|
171,444
|
1,090,605
|
858,037
|
|||||||||
Inventories
|
63,372
|
403,130
|
305,967
|
|||||||||
Prepayments
|
16,520
|
105,087
|
127,619
|
|||||||||
Deferred Tax Assets
|
3,358
|
21,362
|
15,388
|
|||||||||
Other receivables
|
9,132
|
58,089
|
42,229
|
|||||||||
309,036
|
1,965,871
|
1,588,494
|
||||||||||
Fixed Assets
|
||||||||||||
Property, plant and equipment, net
|
66,931
|
425,767
|
452,660
|
|||||||||
Construction in progress
|
1,096
|
6,972
|
16,481
|
|||||||||
Intangible Assets
|
13,243
|
84,245
|
84,245
|
|||||||||
Prepaid leases
|
14,018
|
89,175
|
90,902
|
|||||||||
Other assets
|
24
|
153
|
649
|
|||||||||
TOTAL ASSETS
|
404,348
|
2,572,183
|
2,233,431
|
|||||||||
Current Liabilities
|
||||||||||||
Short term loans
|
3,985-
|
25,351
|
-
|
|||||||||
Accounts payable
|
44,989
|
286,189
|
228,633
|
|||||||||
Notes Payable
|
42,842
|
272,534
|
89,733
|
|||||||||
Advances from customers
|
22,964
|
146,079
|
131,946
|
|||||||||
Other payables
|
28,821
|
183,337
|
192,687
|
|||||||||
Taxes payable
|
2,191
|
13,939
|
12,389
|
|||||||||
Total current liabilities
|
145,792
|
927,429
|
655,388
|
|||||||||
Long Term Loans
|
25,243
|
160,578
|
160,553
|
|||||||||
Deferred Income
|
5,564
|
35,397
|
30,377
|
|||||||||
Total Liabilities
|
176,599
|
1,123,404
|
846,318
|
|||||||||
Shareholders' Equity
|
||||||||||||
Convertible preferred stock, US$0.0045 par value:
|
-
|
-
|
-
|
|||||||||
Authorized shares - 2,000,000
|
||||||||||||
Issued and outstanding shares - none in 2015 & 2014
|
||||||||||||
Common stock, US$0.0045 par value:
|
95
|
606
|
606
|
|||||||||
Authorized shares - 40,000,000
|
||||||||||||
Issued and outstanding shares - 16,418,456 in 2015 and 2014
|
||||||||||||
Additional paid-in capital
|
47,026
|
299,148
|
298,418
|
|||||||||
Reserves
|
14,775
|
93,985
|
93,985
|
|||||||||
Retained earnings
|
166,837
|
1,061,297
|
1,001,054
|
|||||||||
Accumulated other comprehensive income
|
(496
|
)
|
(3,155
|
)
|
(3,848
|
)
|
||||||
228,237
|
1.451,881
|
1,390,215
|
||||||||||
Less: Treasury shares at cost
|
||||||||||||
Common stock - 135,488 in 2015 and 2014
|
(488
|
)
|
(3,102
|
)
|
(3,102
|
)
|
||||||
Total Shareholders' Equity
|
227,749
|
1,448,779
|
1,387,113
|
|||||||||
Total Liabilities and Shareholders' Equity
|
404,348
|
2,572,183
|
2,233,431
|
Nine Months Ended September 30
|
||||||||||||
2015
|
2015
|
2014
|
||||||||||
US$
|
RMB
|
RMB
|
||||||||||
(Unaudited)
|
(Unaudited)
|
(Unaudited)
|
||||||||||
In thousands
|
||||||||||||
Operating Activities
|
||||||||||||
Net Income
|
9,940
|
63,231
|
67,801
|
|||||||||
Adjustments to reconcile net income to
|
||||||||||||
Net Cash provided by (used in) operating activities:
|
||||||||||||
Depreciation
|
6,000
|
38,168
|
32,465
|
|||||||||
Amortization of prepaid lease
|
271
|
1,727
|
1,299
|
|||||||||
Deferred Income Tax
|
(882
|
)
|
(5,611
|
)
|
(1,940
|
)
|
||||||
Provision for doubtful debts
|
4,323
|
27,499
|
10,974
|
|||||||||
Stock-based compensation Cost
|
115
|
730
|
1,864
|
|||||||||
Changes in operating assets and liabilities
|
||||||||||||
Restricted Cash
|
(3,628
|
)
|
(23,077
|
)
|
966
|
|||||||
Accounts Receivable
|
(40,883
|
)
|
(260,067
|
)
|
(36,774
|
)
|
||||||
Notes Receivable
|
468
|
2,979
|
24,786
|
|||||||||
Inventories
|
(14,041
|
)
|
(89,321
|
)
|
(93,991
|
)
|
||||||
Prepaid Expenses
|
3,542
|
22,532
|
(33,904
|
)
|
||||||||
Other Receivable
|
(2,472
|
)
|
(15,726
|
)
|
(7,550
|
)
|
||||||
Accounts Payable
|
9,048
|
57,556
|
23,982
|
|||||||||
Notes Payable
|
28,736
|
182,801
|
23,499
|
|||||||||
Income Tax
|
244
|
1,550
|
(3,606
|
)
|
||||||||
Advance From customers
|
2,222
|
14,132
|
23,826
|
|||||||||
Other liabilities
|
(1,470
|
)
|
(9,349
|
)
|
(8,040
|
)
|
||||||
Net Cash provided by (used in) operating activities
|
1,533
|
9,754
|
25,657
|
|||||||||
Investing activities
|
||||||||||||
Purchases of property, plant and equipment
|
(881
|
)
|
(5,603
|
)
|
(7,700
|
)
|
||||||
Payment for construction in progress
|
(630
|
)
|
(4,005
|
)
|
(3,799
|
)
|
||||||
Sell of S/T Investment
|
81,181
|
516,415
|
334,000
|
|||||||||
Increase in S/T investment
|
(89,277
|
)
|
(567,915
|
)
|
(357,000
|
)
|
||||||
Receipt of government grant for new plant construction
|
789
|
5,020
|
1,167
|
|||||||||
Net Cash provided by (used in) investing activities
|
(8,817
|
)
|
(56,088
|
)
|
(33,332
|
)
|
||||||
Financing activities
|
||||||||||||
Proceeds from bank loan
|
4,038
|
25,687
|
60,390
|
|||||||||
Repayment of bank loan
|
(49
|
)
|
(311
|
)
|
(140,746
|
)
|
||||||
Proceeds from exercised stock options
|
-
|
-
|
96
|
|||||||||
Dividend paid
|
(470
|
)
|
(2,988
|
)
|
(11,967
|
)
|
||||||
Net Cash provided by (used in) financing activities
|
3,519
|
22,388
|
(92,227
|
)
|
||||||||
Effect of exchange rate changes on cash
|
(394
|
)
|
692
|
61
|
||||||||
Net increase/(decrease) in cash and cash equivalents
|
(4,159
|
)
|
(23,254
|
)
|
(99,841
|
)
|
||||||
Cash and Cash equivalents at beginning of year
|
13,209
|
80,826
|
149,874
|
|||||||||
Cash and Cash equivalents at end of year
|
9,050
|
57,572
|
50,033
|
|||||||||
Interest paid
|
763
|
4,854
|
7,911
|
|||||||||
Income Tax paid
|
2,299
|
14,623
|
19,517
|
1 Year Jinpan International Limited Chart |
1 Month Jinpan International Limited Chart |
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