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 Located at the Dong Jia Duan, Lusong District, Zhuzhou, Hunan, Nanfang Space Navigation Science & Technology Co., Ltd (NFSN) is a joint stock company established by way of stock floatation, with China National South Aviation Industry Co., Ltd (CNSAI) as the sole promoter, and was approved by China’s State Commission for Restructuring Economic System in 1997. Approved by China Securities Regulatory Commission (CSRC), NFSN offers 85 million RMB ordinary shares publicly on June, 6th, 1997, then went public on Shenzhen Stock Exchange on June, 26th. The stock abbreviation is Nan Fang Yu Hang, and the stock code is 000738.
NFSN registered at the Hunan Industrial and Commercial Administration Bureau on June, 20th, 1997, the registered asset is 285 million Yuan. The newly added equity of common reserve capitalizing was based on the total equity of 1997 by increasing 3 shares per 10-share, thereby the total equity in 1998 was 370.5 million RMB. NFSN allotted 27.3 million RMB ordinary shares to the general body of shareholders approved by the CSRC, among which the holder of the state-owned legal body share-CNSAI was allotted 1.8 million RMB shares, and the holders of public shares were allotted 25.5 million RMB shares, total 397.8 million RMB shares. NFSN implemented split-share reform in April 2006. CNSAI gave the consideration of 47.6 million RMB shares to the former holders of tradable shares, thus the shares held by it was reduced to 214.2 million RMB, which occupied 53.85% of the total equity. Since the end of 2006, the total equity of NFSN has been still 397.80 million RMB shares, the legal body share remained at the same level as April 2006. The total asset was 607 million RMB, and the net asset is 420 million RMB.
The scope of our business are mainly aviation parts manufacturing, production and sales of automobile electric power steering units, international trade of mechanical products, production and sales of complete motorcycle and motorcycle engine products, etc..
The business strategy of the company is to establish the advantage of high technology and low cost, positively adjust and improve the resources and business structure, aggressively implement industrial transfer and upgrade, gradually cultivate the new profit growth points, comprehensively strengthen sustainable business competence, and strive to be a first class listed company of conspicuous core competitive strength, independent innovation competence, flexible mechanism, high effective business operation and coordinative development. |
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