Company Profile
Shenzhen Eternal Asia Supply Chain Co., Ltd was established in 1997, is China to cope with international supply chain solution provider, focused on "the world's supply chain solution provider" asia, based in Shenzhen, and has more than 1000 people worldwide asia, based in Shenzhen, and has more than 1000 people worldwide .
now has 9 branches, 18 subsidiaries in China, the logistics distribution center and logistics node, establishing a network of over China's major economic regions of The Naked and the Dead, Bonded Logistics Platform, and actively developing overseas market, and is formed covering the whole country on it's now has 9 branches, 18 subsidiaries in China, the logistics distribution center and logistics node, establishing a network of over China's major economic regions of The Naked and the Dead, Bonded Logistics Platform, and actively developing overseas market, and is formed covering the whole country on it's . Eternal Asia Supply Chain service network using the advanced information technology,By integrating global resources, trade, logistics, information flow, capital flow, has set up a comprehensive one - stop supply chain service platform, to undertake professional enterprise of non - core business outsourcing logistics outsourcing, outsourcing business, outsourcing, data processing and information systems outsourcing, provided to perform the procurement, distribution is performed as the core of the diversification of products and services, including export and import customs clearance, vendor managed inventory (VMI), virtual production, DC, International Logistics etc, help enterprises to improve supply chain efficiency, promote the enterprise supply chain innovation Eternal Asia Supply Chain service network using the advanced information technology,By integrating global resources, trade, logistics, information flow, capital flow, has set up a comprehensive one - stop supply chain service platform, to undertake professional enterprise of non - core business outsourcing logistics outsourcing, outsourcing business, outsourcing, data processing and information systems outsourcing, provided to perform the procurement, distribution is performed as the core of the diversification of products and services, including export and import customs clearance, vendor managed inventory (VMI), virtual production, DC, International Logistics etc, help enterprises to improve supply chain efficiency, promote the enterprise supply chain innovation .
today, we become the first listed enterprise supply chain,for many leading global companies to provide professional supply chain services, including GE, IBM, AMD, Cisco, Philips, HP, OKI, PANASONIC, PICC, Tsinghua Tongfang, Haier, Ingram Micro to achieve about 40% of annual growth, and excellence in business capacity, became the Forbes China Top companies one 
Development Course
EA development 6 stages:, 1997: the company, including initial trials, 1998 - 1999: demand increased, purchasing agents, 2000 - 2001: dig deep, extending the breadth, 2002 - 2004: network establishment, product Breakthrough, 2005: the management change, "" the next lift, 2006: organizational innovation, global developmentEA development 6 stages:, 1997: the company, including initial trials, 1998 - 1999: demand increased, purchasing agents, 2000 - 2001: dig deep, extending the breadth, 2002 - 2004: network establishment, product Breakthrough, 2005: the management change, "" the next lift, 2006: organizational innovation, global development.
Company Honor
"Zero2IPO, China 2007 Venture 50" at No. 31, 2007 in private enterprises and high - end service leader in 2007 Shenzhen top ten "innovative enterprise", "Forbes" '2006 China's leading enterprise" and 25th China quality credit AAA grade enterprise Shenzhen Key logistics enterprises in the 2003 - 2005 Guangdong Top 100 Private Enterprises of 2004 "Top 50 Private Enterprises in Shenzhen", No. 2 on the 2003 National - integrity Construction Demonstration Unit "from 2000 to 2006 the annual China Import and Export of the People's Republic of China in the Fortune 500 companies, Top 100 Taxpaying Enterprises in Futian District,Huanggang Customs tax Top Ten Enterprises
Scope Of Business
engaged in high - efficiency energy - saving mechanical and electrical products, solar energy conversion material and the crystalline silicon thin film solar cell has the advantages of medicine and medical equipment, and firefighting equipment, livestock, food and health products, daily commodities, petroleum and its products, raw materials and nonferrous metal products, rubber products, electronics, computer hardware, textiles, clothing, arts and crafts, motorcycles and parts, coal, steel, silver, and three kinds of medical ultrasonic instruments and elated equipment, magnetic resonance medical equipment and medical X - ray device, the extracorporeal circulation and the blood treatment apparatus, the second - class medical laser instrument, physical therapy and rehabilitation devices,medical X - ray ancillary equipment and parts, the clinical inspection analytical instrument, operating room, emergency room, surgery equipment and instruments, medical electronics, medical materials and dressings of wholesale, commission agency (except auction), import and export and relevant supporting business (merchandises which are under quota permit management and special provision management shall be dealt with according to relevant national regulations);Supply Chain Management and related supporting services, chemical products (including dangerous chemicals), wholesale (Operating Licenses for Hazardous Chemicals" is valid until July 27, 2009) engaged in high - efficiency energy - saving mechanical and electrical products, solar energy conversion material and the crystalline silicon thin film solar cell has the advantages of medicine and medical equipment, and firefighting equipment, livestock, food and health products, daily commodities, petroleum and its products, raw materials and nonferrous metal products, rubber products, electronics, computer hardware, textiles, clothing, arts and crafts, motorcycles and parts, coal, steel, silver, and three kinds of medical ultrasonic instruments and elated equipment, magnetic resonance medical equipment and medical X - ray device, the extracorporeal circulation and the blood treatment apparatus, the second - class medical laser instrument, physical therapy and rehabilitation devices,medical X - ray ancillary equipment and parts, the clinical inspection analytical instrument, operating room, emergency room, surgery equipment and instruments, medical electronics, medical materials and dressings of wholesale, commission agency (except auction), import and export and relevant supporting business (merchandises which are under quota permit management and special provision management shall be dealt with according to relevant national regulations);Supply Chain Management and related supporting services, chemical products (including dangerous chemicals), wholesale (Operating Licenses for Hazardous Chemicals" is valid until July 27, 2009) .
Executive Member
NameTitleBirth Year Gender Educational Qualification - born general manager Zhou Guohui, male, chairman of the 1965 Master Su Director Xiang Jun 1961 male graduate student Yan Yan Director 1957 male graduate Dr. Dai - hee, former deputy general manager, executive directors, Feng Jun 1964 male Hung Chief Financial Officer, Deputy General Manager, Deputy General Manager Li Dazhuang male undergraduate director of 1969,Director Zhang Yuming, male supervisors 1962 1964 1965 male Wu Xian into male supervisors Prof.Yuan Hai - 1973 Deputy General Manager Xiao Liang Deputy General Manager Guo male undergraduate male postgraduate Master's degree in 1965 and Deputy General Manager Li Tianfang 1963 male undergraduate Xin Liang Deputy General Manager, Board Secretary 1971 male postgraduates
Enterprise Culture
EA stands for: the strategic objective: to do the best global Supply Chain Solution Provider mission: to improve supply chain efficiency, promote the enterprise supply chain innovation and vision: to share the results with the employees, and customers to create brilliant, with world progress: humanist, services leading service philosophy: focus on the demand, agile serviceEA stands for: the strategic objective: to do the best global Supply Chain Solution Provider mission: to improve supply chain efficiency, promote the enterprise supply chain innovation and vision: to share the results with the employees, and customers to create brilliant, with world progress: humanist, services leading service philosophy: focus on the demand, agile service.
Securities Information
Shortened Form: asia, types of securities: the A - share listing status: already on the market listing of Country / Area: China Mainland Exchange listed: Shenzhen Stock Exchange listing date: 2007 - 11 - 13 offering price (Yuan): 24. 89 first - day closing price (Yuan): 52. 52 first - day price (%): 111. 01 - day turnover rate (%): 76. 69 delisting date: no time offering to delist: 2007 - 10 - 31 (the number of issued shares): 3, 100 - fold (P / E): 29. 99 Issue: net under Bookbuilding, Online Pricing Issuance of the Master Underwriter:Guoxin limited liability of the Recommendation Agency: Guoxin limited liability 1
IPO Allocation
Yiyatong 'since the introduction of the A - share dividend to shareholders for a total of 2 times for a total of 29 billion yuan;raised a total of 1 million Yiyatong 'since the introduction of the A - share dividend to shareholders for a total of 2 times for a total of 29 billion yuan;raised a total of 1 million . IPO 2007 - 10 - 31 0 issue 1.31 billion shares, issued at a price of 24 yuan for the period 2007 - 11 - 13 - 0: 00: 00 's debut is the downbeat is 11100. 84%, turnover is 76. 69 cent dividend history 2009 - 06 - 03 of capitalization per 10 shares. shares for cash. - 200 yuan (after tax 2. 880 yuan) 2008 - 05 - 22 10 of capitalization per 10 shares. shares for cash consideration of $200,000 (after taxes 3. 600 yuan)
The Listing Process
Shenzhen Eternal Asia Supply Chain Co., Ltd (hereinafter referred to as" the Company ") is established by shenzhen Yiyatong Trading Company (the" original Company ") is changed as a limited company, this company the registered office of the People's Republic of China (PRC), Shennanzhong Road, Shenzhen International Culture Building, 27 th Floor, and held by the Shenzhen Administration of Industry and Commerce issued license No. of Business License for Enterprise as a Legal Person of Shen Si Zi N59063 original Company was established on 10 November 1997,held by Shenzhen Administration of Industry and Commerce issued a licence No. Business License for Enterprise as a Legal Person of Shen Si Zi S59063
registered capital of RMB 20,000,000, registered capital of RMB 20,000,000, . which Zhou Guohui Zhou Shou Huo and father respectively held 88. 75% and 11. 25% equity
on Feb. 6, Shou Huo Zhou held by 0. 5% and 0. 5% of the original company equity respectively gratuitously transferred to Zhou fell in love with Juan and Zhou Lihong at the same time, Zhou Shou Huo will hold 10% of its original equity of the Company to RMB 2,000,000 transferred to Shenzhen United Elite Technology Co., Ltd ("elite")
Shenzhen Digital Holdings Ltd (joint"Combined Digital") and Huo Shou Zhou respectively hold 90% and 10% combined stake in elite Shenzhen Digital Holdings Ltd (joint"Combined Digital") and Huo Shou Zhou respectively hold 90% and 10% combined stake in elite . Zhou Guohui Zhou and Huo Shou respectively hold 90 per cent and 10 per cent of the combined digital equity Zhou Guohui Zhou and Huo Shou respectively hold 90 per cent and 10 per cent of the combined digital equity .
on 20 February 2004, the original company in respect of the People's Government of Shenzhen Municipality, Guangdong Province, to Shenzhen Government Unit 2004 4. a.,agreed to a limited liability company from the restructuring of a company limited by shares under the , and the shareholders of the audited after on 31 August 2003 of the original company's liabilities have been deducted net amount of RMB 70), and 822, 231.00 Yuan to 1: 1 ratio of the exchange ratio as determined in accordance with the new shares with par value of RMB 1 Yuan of shares, the Company actually received share capital is totally RMB 70, 822,
231 yuan after the reform of the company by the name "Shenzhen Yiyatong Trading Company" changed to "Shenzhen Eternal Asia Supply Chain Co Ltd ( 231 yuan after the reform of the company by the name "Shenzhen Yiyatong Trading Company" changed to "Shenzhen Eternal Asia Supply Chain Co Ltd (. at the same time, the Company was established on the same day. - Yee (Hong Kong) Limited ("Yi - Hong Kong link") to acquire by Zhou Guohui Zhou fell in love with Juan and in common with the latter, which links the Yi International Limited ("Lianyi International"), and Zhou Guohui Zhou Aijuan respectively hold 99% and 1% Lianyi International Equity
to 23 April 2004, Zhou Guohui transfers its 88. 75% of the original company equity transfer of RMB 10,000,000 combined digital after the reform, Zhou Guohui, Zhou Shou Huo, Zhou fell in love with Juan and Zhou Lihong to make the most of a company of substantial shareholdings respectively. 975%, 0.025%,0. 5% and 0. 5%
this company by the China Securities Regulatory Commission issued "the approval of Shenzhen Eternal Asia Supply Chain Co., Ltd for an initial public offering of shares in the notification" (Zhengjian Faxing Zi 2007 No. 367) approved, on 5 November 2007 on the Shenzhen Stock Exchange 31, 000, 000 shares at the price of each share is RMB 24. 89 yuan. The registered capital is RMB 123, 574, 258 yuan,the par value of RMB 1 Yuan Company which took place on 13 November 2007 on the Shenzhen Stock Exchange Company which took place on 13 November 2007 on the Shenzhen Stock Exchange .
experience increased registered capital and November 13, 2007, after the listing of the combined digital, joined forces with the elite, SAIF, King Express innovation and investment in the Company's 49. 518 percent, 6 points to 4.877 per cent stake, 16. 687% Co, 0. 916% Co and 0. 916% shares Zhou Guohui, Zhou Shou Huo, SAIF, King and innovation investment of the Company, substantial shareholdings respectively 928%,4. 402%, 16. 687%, 0. 916% and 0. 916%
Equity Structure
Yiyatong 'shares for a total of 0. 74 billion, total capital shares 20 0.07% 
PE And
Yiyatong 'history are trading at a multiple of 20 times to 70 times the current price - earnings ratio is 38, the current value as a result of more rational Yiyatong 'history are trading at a multiple of 20 times to 70 times the current price - earnings ratio is 38, the current value as a result of more rational . 2008 PE in a PE company listed all when sorting the first 45. 5%, in a rational position so that the 2009 consensus expectations of PE in all listed companies forecast profit of PE from the lower to the higher front 69. 7%, in a rational position 
Financial Situation
Income Trends
The latest release (2009 - 09 - 30) Yiyatong '2009 third quarter income 17. 39 billion yuan, a year - on - year increase of 70%
Profitability Trends
The latest release (2009 - 09 - 30) Yiyatong '2009 net profit of 63 million yuan (basic earnings per share is RMB 1,700 Yuan), a year - on - year drop of 49. 69%
Financial Analysis
scale growth index Yi Ya through the past three years the average growth rate of sales 215. 18%, all listed companies in the ranking (48 / 1710), and it's a very comprehensive support services - - the ranks of the 1 / 1, the epitaxial growth is poor EPS growth Yiyatong go through EPS growth rate of 12 -. 60%, of all the companies in the ranking (1156 / 1710), and it's a very comprehensive support services - - the ranks of the 1 / 1, Firm Growth
poor profitability indicators Yiyatong 'profitability through the past three years the average growth rate of 29. 25%,In all of the listed companies ranking (726 / 1710), in which the integrated support services rank as (1 / 1) .
EPS stability and poor profitability by Yi Ya to EPS in all listed companies rank stability (1 / 1710), and it's a very comprehensive support services ranked as 1 / 1 during the operation of the Company to be poor in stability of EPS stability and poor profitability by Yi Ya to EPS in all listed companies rank stability (1 / 1710), and it's a very comprehensive support services ranked as 1 / 1 during the operation of the Company to be poor in stability of . .
Position Structures On U
Yiyatong 'in 2008 in the course of the year, shareholders of households showed an increasing trend, the mechanism to reduce the proportions of open interests of Yiyatong 'in 2008 in the course of the year, shareholders of households showed an increasing trend, the mechanism to reduce the proportions of open interests of . latest quarters last week suggested that an average reduction of latest quarters last week suggested that an average reduction of .
latest mechanism positions. The positive rate of 11%, a portion of the mechanism for the company's vision of the project, and the position - regulated 14. 47%
Investment Highlights
1. The company will provide enterprises In addition to its core business of the other links in the supply chain services, including purchasing agent, product marketing, export and import customs clearance, vendor managed inventory (VMI), international and domestic logistics, logistics, supply chain service settlement. In addition, the information - related services for supply chain management services company has been successively honored by China's logistics enterprises, the IT supply chain service industries ranked the # 1 position. The company in the first three quarters of 2009 major financial indexes: income per share of 0.17 yuan, net assets per share 3. (21) to the return on net assets, 5. 35%,Operating income 1739072564. 00 (yuan), a year - on - year increase and decrease 18. 7037%; net profit for shareholders of the listed company of 63631171. 00 (yuan), a year - on - year decrease - 49. 3675%
3. companies through the unit moved to 11176. 66 million subscription Weishi Holdings Limited and of additional 111766. 66 by subscribing to new shares, the company's business will be in customer and geographic expansion and a breakthrough, and is conducive to the development of main business and the nature of long - term development,An average of considerable investment by subscribing to new shares, the company's business will be in customer and geographic expansion and a breakthrough, and is conducive to the development of main business and the nature of long - term development,An average of considerable investment .
4. company in 2008 annual profit distribution and capitalization scheme of capitalization per 10 shares of five strands, the distribution of cash dividends 3. 2 yuan (tax included) dividend equity registration: On June 2, 2009 dividend equity registration: On June 2, 2009 .
is the ex - dividend on June 3, 2009 is the ex - dividend on June 3, 2009 . 5. companies are planning major matters, of shares on Dec. 23, 2009 shall be suspended upon the opening in the morning to announce the related matters and shall not resume the
Investment Advice
comprehensive investment advice: Yiyatong (002183) comprehensive score is indicative of the current investment value (★★ ★), using a comprehensive valuation of the stock valuation range of 19.6 to 73 - 21 yuan / 667 m2 in between, the shares are currently undervalued in region, can safely hold 12 step assessment value investment advice: comprehensive of the 12 - step for the company's assessment, the preferred stock investment value (★★★★), suggest the involvement of the attitude of the 12 step assessment value investment advice: comprehensive of the 12 - step for the company's assessment, the preferred stock investment value (★★★★), suggest the involvement of the attitude of the .
rating industry investment advice: Yiyatong (002183) belong to other comprehensive industry, the industry investment value (★★ ★),The industry overall is ranked # 55 rating industry investment advice: Yiyatong (002183) belong to other comprehensive industry, the industry investment value (★★ ★),The industry overall is ranked # 55 . growth quality rating investment advice: Yiyatong (002183) growth is weak (*), over the next three years, the development potential is very small (*), the Unit's ability to grow the total ranked name 1207, industry growth ability ranked 25 growth quality rating investment advice: Yiyatong (002183) growth is weak (*), over the next three years, the development potential is very small (*), the Unit's ability to grow the total ranked name 1207, industry growth ability ranked 25 .
rating and profit forecast: Yiyatong (002183) estimates for 2009 earnings per share were 0.36 yuan, 2010 earnings per share of $0. 52 yuan, 2011 per - share earnings of $58, current price target for 19 yuan. The investment rating is buy
