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Singapore

Ocean International Holdings Limited

Main Activities: Food Manufacturing

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Company Information

Full name
Ocean International Holdings Limited

Headquarters
Andongwei Street, Pan Village, Rizhao City; Rizhao; Shandong
Legal Address
8 Cross Street #11-00 PWC Building; Singapore; 048424
Status: Listed
Legal Form: Public Limited Company
Operational Status: Operational
ISIN CODE : SG1Q65923399
Financial Auditors: Ernst & Young (2006)
Incorporation Date: April 8, 2003
Total Employees: 1,934

Tel: (86633) 268 2828

Company Description

The Company is principally engaged in the production, processing and distribution of processed seafood products. It processes three types of seafood products which are surimi-froze minced fish meat, surimi-based products and frozen fish fillets.

Company Analysis

According to the Consolidated - Audited financial statement for the Year of 2010, total net operating revenues increased with 798.17%, from CNY 19,270.59 thousands to CNY 173,081.97 thousands. Operating Results increased from CNY -4,566.5 thousands to CNY 5,595.54 thousands. The results of the period reached CNY 3,619.44 thousands at the end of the period against CNY -5,385.28 thousands last year. Return on equity (Net income/Total equity) went from -22.73% to 14.22%, the Return On Asset (Net income / Total Asset) went from -9.58% to 6.90% and the Net Profit Margin (Net Income/Net Sales) went from -27.95% to 2.09% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 106.11% compared to 137.23% of last year. Finally, the Current Ratio (Current Assets/Current Liabilities) went from 1.44 to 1.69 when compared to the previous year.

Key Executives

Aihua ZHANG Chairman
Kait Long LIEN Independent Director
Kait Long LIEN Independent Director
Dr Sheng HUA Non Executive Director
Bo LIU Executive Director
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Balance Sheet

Total Assets

52,475

48,177

Current Assets

45,478

39,838

Total Liabilities

27,015

24,431

Shareholders Equity

25,460

23,746

Current Liabilities

26,974

24,431

* All the accounts are in CNY.
Income Statement

Total Revenues

173,081

37,852

Operational Profit (Loss)

5,595

1,389

Net Profit (Loss)

3,619

744

* All the accounts are in CNY.
Ratios
Profitability Ratios

Return on Assets (ROA)

6.9%

1.54%

Annualised Return on Assets (ROA)

6.9%

3.08%

Return on Equity (ROE)

14.22%

3.13%

Annualised Return on Equity (ROE)

14.22%

6.26%

Return on Sales (ROS)

3.18%

3.52%

Return on Capital

14.19%

3.13%

Gross Profit Margin

3.75%

3.56%

Operating Profit Margin

2.09%

1.97%

Efficiency Ratios

Inventory Turnover

0.38x

0.01x

Current asset turnover

0.04x

0.01x

Fixed-asset turnover

0.25x

0.05x

Asset Turnover

0.03x

0.01x

Valuation figures and ratios

Earning Before Interests and Taxes (EBIT)

5,510

1,331

EBITDA

7,489

2,335

Enterprise value

2,702

2,123

Enterprise Value / EBITDA

0.36

0.91

Bookvalue (BV)

25,460

23,746

Net Cash

15,108

14,024

Liquidity Ratios

Current Ratio

1.69%

1.63%

Quick ratio

1.54%

1.32%

Doom's day ratio

0.56%

0.57%

Leverage Ratios

Leverage ratio

2.06%

2.03%

Interest Coverage Ratio

15.47%

13.72%

Debt to equity

106.11%

102.88%

Debt to total assets

0.21%

0.15%

Debt / Enterprise Value

4.09%

3.44%

Market ratios

Market Capitalization/EBITDA

1.59

7.31

Price/Book Ratio

0.7

0.72

Market Cap / Net cash

0.79

1.22

Market cap/Shareholder equity

0.47

0.72

Trend Ratios

Revenue Trend

8.98%

Net Income Trend

0.03%

-0.02%

Operating Income Trend

-1.23%

-0.05%