hengdeli holdings ltd (3389) Snapshot

The Board of Hengdeli Holdings Limited announced that since Mr. Song Jianwen has retired as an executive Director and Mr. Chen Sheng and Ms. Zheng Yu have retired as non-executive Directors and have not offered for re-election at the Annual General Meeting, Mr. Song Jianwen ceased to be an executive Director and Mr. Chen Sheng and Ms. Zheng Yu ceased to be non-executive Directors with effect from 15 May 2013. Mr. Lee Shu Chung Stan was appointed as an executive Director with effect from 15 May 2013. Mr. Lee Shu Chung Stan is the deputy president of the Group. He joined the Group in 2007 and is responsible for overall coordination and management of the Group's retail business and the Group's brand wholesale business. Mr. Lee has over 25 years of experience in watch manufacturing, retail and distribution.

Hengdeli Holdings Limited announced audited consolidated cash flow results for the year ended December 31, 2012. For the year, net cash generated from operating activities was RMB 245,944,000 against RMB 196,950,000 for the same period a year ago. Payment for the purchase of fixed assets was RMB 433,751,000 against RMB 207,583,000 for the same period a year ago. Payment for the purchase of intangible assets was RMB 22,416,000 against RMB 1,910,000 for the same period a year ago.

Hengdeli Holdings Limited recommended the payment of a final dividend of RMB 0.04 per share for the financial year ended December 31, 2012 in return for shareholders' support, subject to approval by shareholders at the annual general meeting to be held on May 15, 2013. The proposed cash dividend will be distributed on or before May 30, 2013 to shareholders whose names appear on the register of members of the company on May 24, 2013. The company announced audited consolidated financial results for the year ended December 31, 2012. For they ear, the company reported sales of RMB 12,120,448,000 against RMB 11,375,280,000 a year ago. Gross profit was RMB 3,154,433,000 against RMB 2,857,068,000 a year ago. Profit for the year was RMB 945.518 million against RMB 98.276 million a year ago. Profit attributable to equity shareholders was RMB 855.153 million or RMB 0.193 per diluted share against RMB 814.919 million or RMB 0.184 per diluted share a year ago.