china bluechemical ltd - h (3983) Snapshot

China BlueChemical Ltd. announced that the proposed final dividend of RMB 0.15 per Share (tax inclusive) for the year ended 31 December 2012 has been approved by the Shareholders at the AGM and is expected to be paid on or about 30 June 2013. The Board announced that Mr. Wang Mingyang has been appointed as Supervisor representing the Shareholders of the Company, with effect from 31 May 2013. Mr. Wang will not receive supervisor's emolument during his term of office as the Supervisor of the Company.

China BlueChemical Ltd, Annual General Meeting, May 31, 2013., at 10:00 China Standard Time. Location: Meeting Room, 3rd Floor, Kaikang CNOOC Mansion. Agenda: To consider and approve the report of the board of the directors of the company for the year ended December 31, 2012; to consider and approve the audited financial statements and the auditors' report of the company for the year ended December 31, 2012; to consider and approve the proposal for distribution of profit of the and the declaration of the company's final dividend for the year ended December 31, 2012; to consider and approve the budget proposals of the company for the year 2013; to consider and approve the appointment of Deloitte Touche Tohmatsu Certified Public Accountants and Deloitte Touche Tohmatsu Certified Public Accountants LLP auditors of the company; to consider and approve the proposed amendments to the articles of association of the company; and to consider and to authorise the granting of a general mandate to the board to issue domestic shares and overseas listed foreign shares (H Shares).

China BlueChemical Ltd. reported audited consolidated earnings results for the year ended December 31, 2012. For the year, the company's revenue was RMB 10,739,211,000 compared to RMB 9,756,314,000 a year ago. Profit before tax was RMB 2,607,735,000 compared to RMB 2,776,140,000 a year ago. Profit for the year was RMB 1,983,620,000 compared to RMB 2,219,742,000 a year ago. Profit attributable to owners of the parent was RMB 1,810,463,000 or RMB 0.39 per diluted share compared to RMB 1,985,777,000 or RMB 0.43 per diluted share a year ago. The net cash inflow from operating activities was RMB 2,594,600,000. During the reporting period, the Group's capital expenditure in respect of acquisition, property, plant and equipment and prepaid land lease payments amounted to RMB 1,608,100,000. The decrease in net profit was mainly attributable to: (1) the increase in loss incurred from the POM business by RMB 136.2 million and the provision of asset impairment loss of RMB 131.7 million for the POM Plant; (2) the decrease in profit for phosphate fertilisers by RMB 93.3 million, as a result of the declined selling prices coupled with increased costs owing to rising prices for externally sourced phosphoric ores; (3) the increase in profit by RMB 187.6 million due to the increased selling prices coupled with reduced costs for the Group's urea products; and (4) the increase in the Group's income tax expenses by RMB 67.7 million. The Board has recommended the payment of a final dividend of RMB 0.15 (pre-tax) per share for the year ended December 31, 2012 against RMB 0.16 per share paid a year ago. The dividend will be paid to shareholders of the company whose names appear on the register of members of the company on the proposed record date, June 10, 2013. The proposed final dividend for 2012 will be subject to the approval of the shareholders of the company at the 2012 annual general meeting.