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博通股份(600455) - 2014 Q4 - 年度财报
2015-04-16 16:00
Financial Performance - The net profit attributable to the parent company for 2014 was CNY 6,001,157.25, with retained earnings remaining negative at CNY -84,416,473.77 due to previous losses[6]. - The company proposed not to distribute profits for 2014, including cash dividends and stock dividends, to offset prior years' losses[6]. - The company's operating revenue for 2014 was CNY 207,771,529.51, a decrease of 20.23% compared to CNY 260,456,411.43 in 2013[33]. - The net profit attributable to shareholders for 2014 was CNY 6,001,157.25, down 43.05% from CNY 10,537,539.48 in 2013[33]. - The net cash flow from operating activities increased significantly to CNY 41,698,869.25, a 431.16% increase from CNY 7,850,532.74 in 2013[33]. - The total assets at the end of 2014 were CNY 715,933,802.50, reflecting a slight increase of 1.38% from CNY 706,203,528.14 at the end of 2013[33]. - The company's net assets attributable to shareholders increased by 4.80% to CNY 131,049,587.34 at the end of 2014, compared to CNY 125,048,430.09 at the end of 2013[33]. - Basic earnings per share for 2014 were CNY 0.096, a decrease of 43.20% from CNY 0.169 in 2013[34]. - The weighted average return on net assets for 2014 was 4.69%, down 4.11 percentage points from 8.80% in 2013[34]. - The company reported a significant loss of CNY 2,760,075.43 in net profit after deducting non-recurring gains and losses, compared to a profit of CNY 4,087,022.65 in 2013[33]. Business Operations - The company’s main business as of 2014 includes computer information and higher education services[23]. - The company’s main business has evolved over the years, with significant changes in its operations since its listing in 2004[23]. - The computer information business generated revenue of ¥71,874,870.83, down from ¥101,055,569.49 in 2013, while the education segment saw an increase in revenue to ¥135,189,084.33 from ¥126,069,542.56[44]. - The company has been focusing on enhancing internal management and R&D efforts to improve market competitiveness[38]. - The company has expanded its product offerings to include mobile internet applications, capturing market opportunities[65]. - The company holds a 70% stake in Xi'an Jiaotong University City College, which focuses on higher education, and a 100% stake in Xi'an Botong Technology Co., Ltd., which specializes in computer information[66]. Strategic Initiatives - The company has committed to not planning any major asset restructuring for six months starting from December 2, 2014, after terminating a proposed major asset restructuring due to compliance issues[40]. - The company aims to achieve an operating income of 22 million yuan in 2015, with cost control set at 21.5 million yuan[81]. - The computer information business requires funding of 30 million yuan for 2015, sourced from business receivables and bank loans[82]. - The city college's campus construction funding needs 25 million yuan, primarily from bank loans and tuition income[82]. - The company plans to enhance its core competitiveness and sustainable profitability by improving technology R&D, market sales, and teaching quality[80]. - The company will focus on expanding its market share and increasing the proportion of high-margin project contracts[81]. Governance and Compliance - The company received a standard unqualified audit report from Xinyong Zhonghe Accounting Firm for the 2014 financial report[7]. - The company’s board of directors and senior management confirmed the accuracy and completeness of the annual report[5]. - The company has established a comprehensive cash dividend mechanism to protect investor interests, as per the guidelines from the China Securities Regulatory Commission[87]. - The company has emphasized its commitment to social responsibility, focusing on employee rights protection and environmental sustainability[92]. - The company has not proposed any cash dividend distribution for the years 2013 and 2014, as all net profits were used to offset previous losses[90]. - The company has adhered to the requirements of the Company Law and the China Securities Regulatory Commission, with no discrepancies reported[162]. Market and Industry Trends - The software industry, where the company operates, is experiencing rapid growth, supported by government demand for information technology and electronic governance[75][76]. - The government’s "Internet Plus" initiative presents significant opportunities for the computer information industry[77]. - The company is actively researching capital restructuring to enhance its sustainable profitability[81]. Employee and Management - The total remuneration for all directors, supervisors, and senior management personnel at the end of the reporting period amounted to 1.5571 million yuan before tax[152]. - The company employed a total of 656 staff, with 167 in the parent company and 489 in major subsidiaries[152]. - The technical team and key technical personnel have remained stable, with most having been with the company for over three years, some exceeding ten years[150]. - The company has a strong focus on employee training, conducting various training programs to enhance overall employee quality and competitiveness[154]. Risks and Challenges - The company has faced risks related to future development plans and strategies, which are highlighted in the report[12]. - The company faced challenges in its main business operations due to the termination of a major asset restructuring plan, which negatively impacted profitability[38]. - The company faces risks in the computer information business due to market competition and the need for technological innovation[83].
博通股份(600455) - 2014 Q3 - 季度财报
2014-10-28 16:00
Financial Performance - Net profit attributable to shareholders decreased by 76.35% to CNY 3,032,746.87 for the first nine months of the year[8]. - Operating revenue for the first nine months was CNY 142,507,063.86, down 19.87% year-on-year[8]. - The company reported a basic earnings per share of CNY 0.05, down 76.19% from the previous year[8]. - The company’s net loss decreased to ¥87,384,884.15 from ¥90,417,631.02, showing an improvement of approximately 3.4%[26]. - Net profit for Q3 2014 was CNY 3,527,593.37, a decline of 62.0% compared to CNY 9,281,683.70 in Q3 2013[35]. - The company reported a total profit of CNY 3,647,386.20 for Q3 2014, a decrease of 60.8% compared to CNY 9,303,550.80 in Q3 2013[35]. - Total operating revenue for Q3 2014 was CNY 49,061,298.10, a decrease of 9.4% compared to CNY 54,340,078.99 in Q3 2013[34]. - Total operating costs for Q3 2014 were CNY 47,006,714.23, down 11.3% from CNY 52,985,110.42 in the same period last year[34]. - Operating profit for Q3 2014 was CNY 2,053,104.03, down 70.5% from CNY 6,978,851.59 in Q3 2013[34]. - Earnings per share for Q3 2014 was CNY 0.04, down from CNY 0.13 in Q3 2013[35]. Assets and Liabilities - Total assets increased by 5.93% to CNY 748,092,570.09 compared to the end of the previous year[8]. - The total liabilities increased to ¥575,320,243.64 from ¥539,783,658.29, which is an increase of about 6.6%[26]. - The company’s total assets at the end of Q3 2014 were CNY 177,403,801.06, slightly up from CNY 176,231,053.68 at the end of Q3 2013[34]. - The company’s non-current assets totaled ¥530,149,623.63, down from ¥536,277,767.55, indicating a decrease of about 1.1%[25]. - Accounts receivable rose to ¥37,626,916.84 from ¥29,317,111.95, indicating an increase of about 28.4%[24]. - The company’s total equity increased to ¥172,772,326.45 from ¥166,419,869.85, reflecting a growth of approximately 3.9%[26]. - Total equity decreased to CNY 93,441,788.62 from CNY 100,505,279.46 year-over-year, reflecting a decline of 7.5%[34]. Cash Flow - Net cash flow from operating activities increased by 85.60% to CNY 59,099,280.18 compared to the same period last year[8]. - Operating cash inflow for the first nine months of 2014 was CNY 177,260,960.40, a decrease of 21.1% compared to CNY 224,626,422.93 in the same period last year[42]. - Cash outflow for purchasing goods and services was CNY 38,033,154.92, down 61.1% from CNY 97,709,226.24 in the previous year[42]. - Cash flow from investment activities was negative CNY 10,665,949.67, an improvement from negative CNY 36,970,164.63 in the same period last year[43]. - Cash inflow from financing activities increased significantly to CNY 80,000,000.00, compared to CNY 20,000,000.00 in the previous year, marking a 300% increase[43]. - Net cash flow from financing activities was CNY 4,154,918.01, a turnaround from negative CNY 29,966,923.13 year-on-year[43]. - The ending cash and cash equivalents balance was CNY 158,727,037.64, slightly down from CNY 164,692,828.32 at the end of the previous year[43]. - Total cash inflow from operating activities for the parent company was CNY 27,433,946.82, down 38.8% from CNY 44,821,320.25 in the previous year[46]. - The parent company's net cash flow from operating activities was negative CNY 20,273,127.37, worsening from negative CNY 12,753,604.59 year-on-year[46]. - Cash flow from financing activities for the parent company was CNY 15,000,000.00, down from CNY 33,000,000.00 in the previous year[47]. Shareholder Information - The number of shareholders at the end of the reporting period was 5,902[10]. - The largest shareholder, Xi'an Economic Development Group, holds 20.40% of the shares[10]. Corporate Actions - The company is planning a major asset restructuring involving the acquisition of 100% equity of Shaanxi Automobile Group Co., Ltd. from Shaanxi Automobile Holding Group Co., Ltd.[19]. - The company’s stock was suspended for trading on August 25, 2014, due to significant matters related to the asset restructuring[19]. - The company has undergone changes in its board of directors and management, with new appointments made on August 28, 2014[18]. Other Financial Metrics - Long-term borrowings increased by 103.23% to CNY 63,000,000.00 due to increased loans from subsidiaries[13]. - Other receivables increased by 114.16% to CNY 6,030,007.16, attributed to increased performance guarantees[13]. - The company’s income tax expenses decreased by 59.46% to ¥278,673.72 from ¥687,391.94 in the same period last year[14]. - The company reported a significant increase in other operating expenses, which rose by 113.68% to ¥123,701.00 from ¥57,891.14[14]. - The company has not made any significant changes to its accounting policies that would affect the financial statements[23]. - There are no warnings regarding potential losses or significant changes in net profit compared to the previous year[20].
博通股份(600455) - 2014 Q2 - 季度财报
2014-08-22 16:00
Financial Performance - The company's operating revenue for the first half of 2014 was approximately ¥93.45 million, a decrease of 24.33% compared to ¥123.50 million in the same period last year[21]. - The net profit attributable to shareholders for the first half of 2014 was approximately ¥319,273.55, down 93.31% from ¥4.77 million in the previous year[23]. - The basic earnings per share for the first half of 2014 was ¥0.01, a decline of 87.5% compared to ¥0.08 in the same period last year[21]. - The total assets at the end of the reporting period were approximately ¥619.84 million, a decrease of 12.23% from ¥706.20 million at the end of the previous year[23]. - The net cash flow from operating activities for the first half of 2014 was approximately -¥48.94 million, compared to -¥63.79 million in the same period last year[23]. - The weighted average return on net assets for the first half of 2014 was 0.25%, a decrease of 3.83 percentage points from 4.08% in the previous year[21]. - The net profit after deducting non-recurring gains and losses was approximately -¥740,339.02, down 117.96% from ¥4.12 million in the same period last year[23]. - The company reported a total of ¥1.06 million in non-recurring gains, primarily from government subsidies and other income[23]. - The net profit attributable to the parent company was ¥319,273.55, down 93.31% year-on-year, while the net profit after deducting non-recurring gains and losses was -¥740,339.02, a decrease of 117.96%[25]. - The company reported a net profit of 10,537,539.48 CNY for the year 2013, but due to previous losses, the undistributed profit remains at -90,417,631.02 CNY[40]. Revenue Segmentation - The revenue from the computer information technology segment was ¥25,070,355.45, a decline of 22.02% year-on-year, with a gross margin of 20.52%[29]. - The education segment generated revenue of ¥68,058,931.00, an increase of 8.54% year-on-year, with a gross margin of 64.01%[29]. - The main business income from the education sector was CNY 68,058,931.00, accounting for 73.0% of total revenue[182]. Cash Flow and Liquidity - The operating cash flow for the period was -¥48,944,447.86, an improvement from -¥63,790,926.13 in the previous year[28]. - The total cash inflow from financing activities was 15,000,000.00 RMB, down from 33,000,000.00 RMB in the previous year[79]. - The total cash received from government subsidies was 404,800.00, contributing to the overall cash flow[191]. - The total cash payments related to operating activities amounted to 26,207,689.73, reflecting the company's operational expenditures[191]. - The total cash balance of RMB 34,634,247.93 as of June 30, 2014, compared to RMB 106,474,189.12 at the beginning of the year[138]. Assets and Liabilities - The total current assets as of June 30, 2014, amounted to RMB 88,421,762.56, a decrease from RMB 169,925,760.59 at the beginning of the year, reflecting a decline of approximately 48%[66]. - Total assets decreased from ¥706,203,528.14 at the beginning of the year to ¥619,840,199.77, a decline of approximately 12.3%[67]. - Current liabilities decreased from ¥508,783,658.29 to ¥387,595,466.69, a reduction of about 23.7%[67]. - Total liabilities decreased from ¥539,783,658.29 to ¥450,595,466.69, a decrease of around 16.5%[67]. - The total amount of accounts payable at the end of the period is CNY 57,445,297.84, down from CNY 66,109,562.50 at the beginning of the period[162]. Shareholder Information - The total number of shareholders at the end of the reporting period was 6,592[56]. - The largest shareholder, Xi'an Economic Development Group, holds 20.4% of the shares, totaling 12,740,232 shares[57]. - The second-largest shareholder, Xi'an Economic Development and Trade Co., Ltd., holds 6.35% of the shares, totaling 3,969,085 shares[57]. Governance and Compliance - The company has not reported any non-operating fund occupation by controlling shareholders or related parties during the reporting period[5]. - The company has not experienced any penalties or investigations from regulatory authorities during the reporting period[49]. - The company has committed to maintaining good governance practices in accordance with relevant laws and regulations[50]. - The company has established an internal control incentive mechanism and completed the necessary documentation for internal control evaluations[51]. Research and Development - Research and development expenses increased by 109.06% to ¥1,534,135.86, reflecting the company's commitment to enhancing its computer information business[28]. - The company aims to strengthen its core competitiveness by continuously enhancing its R&D capabilities and expanding its market share[30]. Future Outlook - The company plans to enhance its main business profitability by refining its development strategy and improving management practices in the second half of 2014[26]. - The company is exploring potential restructuring opportunities with Shaanxi Automotive Holding Group Co., Ltd., which may impact future operations[197]. Related Party Transactions - The total amount of related party transactions for the period was 408,700.21, significantly lower than 14,130,548.02 in the previous period, with a notable decrease in transactions with the parent company[197]. - The accounts receivable from related parties at the end of the period amounted to ¥1,003,926.69, with a bad debt provision of ¥63,499.34, compared to ¥779,610.19 and ¥51,808.84 at the beginning of the period, indicating an increase of 28.8% in total receivables[199]. Financial Position - The company has a significant amount of other payables exceeding one year, primarily due to loans and interest from subsidiaries[169]. - The company has no overdue borrowings at the end of the period, indicating good financial management[173]. - The total amount of dividends payable at the end of the period is 1,260,472.60, unchanged from the beginning of the period[168].
博通股份(600455) - 2014 Q1 - 季度财报
2014-04-25 16:00
Financial Performance - Operating revenue for the first quarter was CNY 43,250,754.56, representing a decline of 8.97% year-on-year[13] - Net profit attributable to shareholders was a loss of CNY 157,887.91, a decrease of 107.42% compared to the same period last year[13] - Basic and diluted earnings per share were both CNY -0.003, down 108.82% from CNY 0.034 in the previous year[13] - Net profit for the period was ¥1,066,658.98, down from ¥3,862,336.77, representing a decline of approximately 72.4% year-over-year[34] - The net profit attributable to the parent company was a loss of ¥157,887.91 compared to a profit of ¥2,127,746.50 in the previous period[34] Cash Flow - The net cash flow from operating activities was a negative CNY 29,178,413.06, improving from a negative CNY 49,458,046.25 in the previous year[13] - Cash flow from operating activities showed a net outflow of ¥29,178,413.06, improving from a net outflow of ¥49,458,046.25 year-over-year[39] - Cash flow from investing activities resulted in a net outflow of ¥6,901,457.79, compared to a net outflow of ¥11,747,686.31 in the previous period[40] - Cash flow from financing activities generated a net inflow of ¥33,554,093.90, contrasting with a net outflow of ¥14,081,976.18 in the previous period[40] - The ending cash and cash equivalents balance was ¥103,948,412.17, down from ¥124,500,216.14 year-over-year[40] Assets and Liabilities - Total assets at the end of the reporting period were CNY 700,591,777.96, a decrease of 0.79% compared to the end of the previous year[13] - Total current assets decreased from CNY 169,925,760.59 at the beginning of the year to CNY 167,379,866.55, a decline of approximately 1.45%[26] - Total liabilities decreased from CNY 539,783,658.29 to CNY 533,105,249.13, a decline of about 1.25%[27] - Long-term borrowings increased significantly from CNY 31,000,000.00 to CNY 91,000,000.00, an increase of about 194.8%[27] - Owner's equity increased slightly from CNY 166,419,869.85 to CNY 167,486,528.83, an increase of about 0.64%[28] Shareholder Information - The total number of shareholders at the end of the reporting period was 8,270[15] - The largest shareholder, Xi'an Economic Development Group Co., Ltd., holds 20.40% of the shares, totaling 12,740,232 shares[15] - The second-largest shareholder, Xi'an Economic Development Trade Co., Ltd., holds 6.35% of the shares, totaling 3,969,085 shares[15] Operational Changes - The company terminated a major asset restructuring plan due to asset adjustments at Shaanxi Automobile Group, as approved in the board meeting on February 26, 2014[20] - The company changed its name to "Xi'an Botong Information Co., Ltd." with no change in stock code or abbreviation, as approved on April 23, 2014[21] - The company has committed not to discuss or plan any major asset restructuring for three months following the termination of the previous plan, effective from March 1, 2014[23] Other Financial Metrics - The weighted average return on net assets decreased by 1.97 percentage points to -0.13%[13] - The company reported a total of CNY 1,111,879.55 in net other operating income after deducting non-recurring gains and losses[12] - Non-operating income surged by 979.97% to ¥1,114,800, primarily due to increased government subsidies[18] - Development expenses increased by 40.39% to ¥2,070,890.70, reflecting higher investment in research and development in the computer information business[18]
博通股份(600455) - 2013 Q4 - 年度财报
2014-04-04 16:00
Financial Performance - The net profit attributable to the parent company for 2013 was CNY 10,537,539.48, with an accumulated undistributed profit of CNY -90,417,631.02 as of December 31, 2013[8]. - The company will not distribute profits for 2013, including cash dividends or stock dividends, as the net profit will be used to offset previous years' losses[8]. - The company has faced losses in 2008, 2009, and 2010, which have contributed to the negative undistributed profits[8]. - The company's operating revenue for 2013 was CNY 260,456,411.43, a decrease of 16.66% compared to CNY 312,514,419.94 in 2012[28]. - The net profit attributable to shareholders for 2013 was CNY 10,537,539.48, down 35.29% from CNY 16,283,663.77 in 2012[28]. - The net cash flow from operating activities was CNY 7,850,532.74, a significant decline of 87.39% from CNY 62,272,670.72 in the previous year[28]. - Basic earnings per share for 2013 were CNY 0.17, a decrease of 34.62% from CNY 0.26 in 2012[28]. - The company reported a weighted average return on equity of 8.80% for 2013, down from 15.31% in 2012, reflecting a decrease of 6.51 percentage points[28]. - The total revenue for the company in 2013 was CNY 260,051,257.97, a decrease of 16.69% compared to the previous year[41]. - The net profit attributable to the parent company for 2013 was CNY 10.5375 million, with a net profit of CNY 4.0870 million after deducting non-recurring gains and losses[40]. Business Operations - The company’s main business as of the end of 2013 includes computer information and higher education, with a reduction in municipal infrastructure construction[24]. - The company has undergone changes in its main business since its listing, with a focus shift towards computer information and higher education[24]. - The company completed the transfer of 76% equity in Xi'an Economic Development Infrastructure Construction Engineering Co., Ltd. in July 2013, impacting its revenue and cost structure[30]. - The company completed the transfer of 40% equity in Xi'an Boda Software Co., Ltd. for CNY 700,000, enhancing resource integration in its computer information business[44]. - The company sold 76% equity in Xi'an Jingfa Infrastructure Construction Co., Ltd. for CNY 27,546,430.01, which was a related party transaction[45]. - The company has invested in the development of computer information technology, adapting to trends in cloud computing and IoT[43]. - The company’s net profit from the Xi'an Jiaotong University City College was CNY 17,694,262.91, attributed to stable enrollment and increased tuition fees[48]. - The number of full-time undergraduate students at the City College reached over 11,700, with a focus on improving educational quality and reputation[43]. Research and Development - Research and development expenses increased by 195.90% to CNY 1,812,259.15 in 2013, compared to CNY 612,456.74 in 2012[33]. - The company's research and development expenses totaled CNY 1,812,259.15, accounting for 0.70% of total revenue[38]. - The company has registered numerous software copyrights and product registrations, indicating a strong commitment to R&D[43]. - The company collaborates with key universities to enhance its R&D capabilities and drive innovation in application software[61]. - The company has a strong focus on R&D, having developed a mature, flexible, secure, and efficient middleware technology platform widely used in e-government applications[60]. Financial Position - The total assets at the end of 2013 were CNY 706,203,528.14, an 8.88% decrease from CNY 775,000,521.80 at the end of 2012[28]. - Cash and cash equivalents decreased by 46.71% to CNY 106,474,189.12, accounting for 15.08% of total assets[42]. - The company’s long-term borrowings decreased by 61.73% to CNY 31,000,000.00, reflecting a strategic reduction in debt[42]. - The total liabilities decreased from CNY 617,509,395.10 to CNY 539,783,658.29, a reduction of approximately 12.6%[131]. - Current liabilities totaled CNY 508,783,658.29, down from CNY 536,509,395.10, reflecting a decrease of about 5.2%[131]. - The company's total equity at the end of the previous year was CNY 96,923,504.71, with a capital reserve of CNY 145,663,447.66[156]. Corporate Governance - The company has received a standard unqualified audit report from Xin Yong Zhong He Accounting Firm[7]. - The company has established a comprehensive cash dividend mechanism to protect investor rights and ensure transparency in decision-making processes[64]. - The company emphasizes social responsibility, focusing on safety production, product quality, environmental protection, and employee rights[66]. - The company has established a labor union and a representative assembly to ensure employee participation in major decisions[68]. - The company has implemented effective internal control measures and has not encountered any insider trading incidents[107]. - The company continues to enhance its corporate governance structure in compliance with relevant laws and regulations[107]. Future Plans - The company aims to enhance its market competitiveness by focusing on core business areas, particularly in computer information and higher education sectors[35]. - The company aims to achieve a revenue target of RMB 245 million in 2014, with a cost control target of RMB 233 million[57]. - The company plans to invest RMB 35 million in its computer information business and RMB 45 million in the construction of the city college campus in 2014[59]. - The company is committed to optimizing its internal control mechanisms to enhance operational management and risk prevention capabilities[58]. - The company is focused on seizing opportunities from the new round of western development and the transformation of domestic and foreign industries[89]. Shareholder Information - The first major shareholder is Xi'an Economic Development Group Co., Ltd., holding 22.40% of the total share capital[25]. - The largest shareholder, Xi'an Economic Development Group Co., Ltd., holds 12,740,232 shares, representing 20.40% of total shares, with no changes during the reporting period[86]. - The company has 8,599 shareholders at the end of the reporting period, a slight increase from 8,597 prior to the report[86]. - The total number of shares outstanding is 62,458,000, with 20.40% being restricted shares and 79.60% being unrestricted shares[83]. - The company has not proposed any cash dividends or stock bonuses for the years 2011, 2012, and 2013 due to previous losses[66]. Compliance and Risk Management - The company has not identified any risks in its operations or management practices during the reporting period[115]. - The company has established a mechanism for long-term development in harmony with the environment, focusing on energy conservation and environmental protection[68]. - The company has no significant litigation or arbitration matters pending as of the report date[71]. - The company has no major contracts or guarantees during the reporting period[73]. - The company has no major asset acquisition or disposal matters during the reporting period[71].