Financial Performance - Basic earnings per share increased to 0.64 CNY, up 236.84% compared to the same period last year[20] - Diluted earnings per share also rose to 0.64 CNY, reflecting a 236.84% increase year-over-year[20] - Net profit attributable to shareholders increased significantly due to higher operating profit during the reporting period[21] - Revenue growth was primarily driven by an increase in orders and completed work volume[20] - The basic earnings per share after deducting non-recurring gains and losses rose to 0.58 CNY, a 262.50% increase year-over-year[20] - The company reported a significant increase in net profit, which was attributed to the growth in operating profit[21] - The company's operating revenue for the first half of the year reached ¥1,995,490,107.97, a 106.36% increase compared to ¥967,007,687.02 in the same period last year[23] - Net profit attributable to shareholders was ¥145,215,795.29, representing a 244.92% increase from ¥42,101,603.56 year-on-year[23] - The net profit after deducting non-recurring gains and losses was ¥132,946,568.83, up 254.72% from ¥37,479,156.83 in the previous year[23] - The company reported a net profit of 83.42 million yuan for the reporting period[71] Operating Activities - The net cash flow from operating activities decreased by 37.23% to ¥145,604,294.68 from ¥231,957,229.28 in the same period last year[23] - The company's total assets increased by 9.16% to ¥4,633,017,629.68 from ¥4,244,064,045.60 at the end of the previous year[23] - The company's operating costs increased to ¥1,722,906,689.96, reflecting a 102.68% rise from ¥850,079,929.61 in the previous year[60] - Cash flow from operating activities was ¥1,535,271,682.54, an increase from ¥1,129,658,986.88 in the first half of 2020[158] - The net cash flow from operating activities was CNY 145,604,294.68, down from CNY 231,957,229.28, representing a decline of about 37.2%[160] Assets and Liabilities - The company's contract assets increased by 120.93% to ¥868,237,448.96, compared to ¥392,994,980.77 in the previous year[62] - Inventory rose by 61.53% to ¥393,993,272.67, up from ¥243,910,769.82 in the previous year[62] - The company's total liabilities increased to ¥2,086,634,070.99 from ¥1,432,406,956.80, marking an increase of approximately 45.7%[149] - The company's accounts payable surged to ¥741,302,537.38, up from ¥398,410,135.56, reflecting a significant increase of about 86%[145] Research and Development - Research and development expenses surged by 129.71% to ¥76,546,627.70, up from ¥33,323,275.47 in the previous year[60] - Research and development expenses for the first half of 2021 were ¥76,546,627.70, compared to ¥33,323,275.47 in the previous year, indicating an increase of approximately 130%[152] Market Position and Strategy - The company secured an additional ¥1.732 billion in LNG project workload during the second quarter, becoming the largest LNG module project globally for that quarter[31] - The company is strategically increasing its focus on natural gas business development, with a growing proportion of natural gas in its main business[31] - The FPSO (Floating Production Storage and Offloading) market is experiencing a recovery, with the company leveraging its extensive experience and resources in this area[36] - The company aims to achieve a virtuous cycle of orders and performance through excellent project execution and competitive advantages in the natural gas sector[31] - The company has established a strong international market presence, maintaining long-term partnerships with high-quality clients across over 20 countries, including China, Russia, and Brazil, which helps navigate industry volatility[39] Environmental Responsibility - The company has achieved ISO 14001:2015 environmental management system certification, reflecting its commitment to environmental responsibility[106] - The company is committed to complying with legal and regulatory requirements regarding emissions[93] - The company has implemented pollution control facilities that are in good condition and operating effectively as per environmental assessment requirements[101] - The company has established agreements with qualified vendors for the recycling of all recyclable waste materials[97] - The company has optimized and upgraded its organic waste gas treatment equipment, utilizing a zeolite rotor and catalytic combustion process along with patented energy-saving electromagnetic heating technology[108] Shareholder and Capital Management - The company did not propose any profit distribution plan or capital reserve transfer to increase share capital during the reporting period[5] - The company has a stock option incentive plan in place, which was approved in May 2018, aimed at motivating employees and aligning their interests with those of shareholders[85] - The company completed a non-public issuance of 52,510,184 shares at a price of ¥14.72 per share, increasing the total share capital to 286,721,736 shares[131] - The total number of ordinary shareholders at the end of the reporting period was 18,852[132] Risks and Challenges - The report highlighted potential risks that the company may face, which are detailed in the management discussion and analysis section[7] - The company faces risks related to energy transition and potential order declines due to project delays or oil price volatility[73][74] - The company maintains a high concentration of clients primarily from the energy and mining sectors, which poses a risk if demand fluctuates due to economic cycles or geopolitical instability[75] - The company faces significant market competition from established firms in Europe and the US, as well as experienced companies from Singapore, South Korea, and China, which could impact its market share if competitive strength is not maintained[78] Compliance and Governance - The financial statements were approved for release by the board of directors on July 29, 2021[186] - The company maintains a continuous operating basis for its financial statements, with no identified issues affecting its ongoing viability[190] - The company has not reported any significant updates on stock option incentive plans[89] - The company has not reported any changes in its controlling shareholders or actual controllers during the reporting period[138]

Financial Performance - The company achieved a consolidated net profit of RMB 131.62 million for the year 2020, with a net profit attributable to shareholders of RMB 131.62 million[5]. - The company's operating revenue for 2020 was approximately ¥2.58 billion, representing a 90.48% increase compared to ¥1.35 billion in 2019[23]. - The net profit attributable to shareholders for 2020 was approximately ¥131.62 million, a significant increase of 279.80% from ¥34.65 million in 2019[23]. - The basic earnings per share for 2020 was ¥0.58, which is a 286.67% increase compared to ¥0.15 in 2019[25]. - The total assets at the end of 2020 reached approximately ¥4.24 billion, reflecting a 34.49% increase from ¥3.16 billion at the end of 2019[24]. - The company generated a net cash flow from operating activities of approximately ¥383.30 million in 2020, a significant recovery from a negative cash flow of ¥44.72 million in 2019[23]. - The company reported a total of ¥51.82 million in non-recurring gains for 2020, compared to ¥25.85 million in 2019[29]. - The company achieved a total revenue of RMB 2,579,330,318.63 in 2020, representing a year-on-year growth of 90.48% compared to RMB 1,354,097,815.53 in 2019[63]. - The net profit attributable to shareholders for 2020 was RMB 131,615,700, marking a significant increase of 279.80% from the previous year[63]. - The total assets of the company reached RMB 4,244,064,000 by the end of 2020, with net assets amounting to RMB 2,443,247,300[64]. Dividend Distribution - The company plans to distribute a cash dividend of RMB 2.50 per 10 shares (including tax) to all shareholders, with no stock dividends or capital reserve transfers planned[5]. - The cumulative distributable profit as of December 31, 2020, was RMB 743.62 million, with the parent company's cumulative distributable profit at RMB 298.46 million[5]. - The cash dividend for 2020 represents 43.23% of the net profit attributable to shareholders, compared to 65.66% in 2019 and 96.03% in 2018[127]. - The company emphasizes a stable and continuous profit distribution policy, prioritizing cash dividends while considering future investment needs[120]. Risk Management - The company has detailed potential risks in the report, particularly in the section discussing future development and risks[8]. - The company faces risks related to industry cyclicality, with potential impacts on project acquisition and performance during economic downturns[111]. - The company is exposed to significant customer concentration risk, primarily serving major global energy and mining companies, which may affect operations if demand fluctuates[113]. - The company is subject to foreign exchange risks, particularly as a portion of its contracts are settled in USD, which may affect revenue and profit margins[117]. Operational Highlights - The company operates several wholly-owned subsidiaries, including BOMESC USA LLC and Tianjin BOMESC Asset Management Co., Ltd.[12]. - The company maintained its focus on high-end clients in the marine oil and gas development, mining, and natural gas liquefaction sectors, with no significant changes in its main business model during the reporting period[34]. - The company has a strong project management team, successfully delivering multiple large-scale projects, including Wheatstone LNG and Yamal LNG[46]. - The company has expanded its production site to 670,000 square meters and completed the construction of a deep-water dock with a length of 700 meters, enhancing its capacity for large projects like FPSO, FLNG, and FSRU[50]. - The company has established design branches in Wuhan and Tianjin to meet the increasing demand for detailed design work in FPSO projects[56]. Research and Development - Research and development expenses surged by 113.40% to RMB 125,590,349.88, indicating a strong commitment to innovation[66]. - The company applied for 57 patents during the reporting period, including 19 invention patents and 38 utility model patents[82]. - The number of R&D personnel reached 388, representing 31.09% of the total workforce[80]. - The company has initiated the construction of a new dock capable of accommodating 15,000-ton FPSO outfitting, with a berth length of 300 meters, expected to handle 100 modules of 1,000 tons or less annually[60]. Environmental Compliance - The company emphasizes compliance with health, safety, and environmental standards while enhancing its production capacity[173]. - The company has obtained the ISO 14001:2015 environmental management system certification, demonstrating its commitment to environmental management[190]. - The company has implemented pollution prevention facilities that are in good condition and operating effectively[184]. - The company has signed agreements with qualified vendors for the recycling of all recyclable waste materials[182]. - The company generated 961.14 tons of waste steel and 50 tons of waste wood in 2020, with a comprehensive utilization rate of 100% for both types of solid waste[182]. Social Responsibility - In 2020, the company donated a total of RMB 1.83 million for various charitable activities, including RMB 800,000 for COVID-19 relief efforts[176]. - The company provided RMB 150,000 in scholarships to support 30 underprivileged students from Sichuan Fushun No. 1 Middle School[168]. - The company has committed to ongoing poverty alleviation efforts, aligning with national strategies and mobilizing all employees to participate[172]. - The company has been recognized with multiple awards for its social responsibility initiatives, including the "National May Day Labor Award" in 2018[175]. Corporate Governance - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[7]. - There are no violations of decision-making procedures for providing guarantees to external parties[8]. - The company has not faced any situation where more than half of the directors cannot guarantee the authenticity, accuracy, and completeness of the annual report[8]. - The company has established internal control systems to uphold business ethics and protect shareholder rights[173].

Financial Performance - Net profit attributable to shareholders increased by 402.09% to CNY 52,330,022.20 year-on-year[7] - Operating revenue surged by 139.26% to CNY 588,513,434.37 compared to the same period last year[7] - Basic earnings per share rose by 360.00% to CNY 0.23[7] - The weighted average return on equity increased by 1.67 percentage points to 2.12%[7] - The net profit attributable to shareholders was ¥52,330,022.20, a substantial increase of 402.09% from ¥10,422,462.48[14] - The company reported an operating profit of ¥57.36 million for Q1 2021, compared to ¥10.99 million in Q1 2020, marking a growth of 421.5%[26] - The net profit for Q1 2021 reached ¥19,700,823.15, compared to ¥2,667,339.11 in Q1 2020, indicating an increase of about 639%[30] - The total profit for Q1 2021 was ¥21,069,667.99, compared to ¥2,165,973.10 in Q1 2020, marking an increase of approximately 873%[29] Revenue and Costs - Operating costs amounted to ¥493,280,248.07, reflecting a 149.97% increase from ¥197,338,814.47 due to higher revenue[13] - Operating costs for Q1 2021 were ¥542.97 million, up from ¥238.14 million in Q1 2020, reflecting a 128.5% increase[26] - The company's operating revenue for Q1 2021 was ¥305,939,797.29, a significant increase from ¥73,137,458.57 in Q1 2020, representing a growth of approximately 318%[29] Cash Flow - Cash flow from operating activities decreased by 22.14% to CNY 99,593,236.82 year-on-year[7] - The cash inflow from operating activities in Q1 2021 was ¥819,656,840.54, compared to ¥634,226,900.51 in Q1 2020, showing an increase of approximately 29%[32] - The net cash flow from operating activities was -102,078,446.98 RMB, compared to 109,630,402.66 RMB in the same period last year, indicating a significant decline[35] - The company reported a total operating cash inflow of 548,112,444.78 RMB, an increase from 488,249,234.84 RMB year-over-year[35] Assets and Liabilities - Total assets decreased by 5.10% to CNY 4,027,501,893.99 compared to the end of the previous year[7] - Total liabilities were reported at ¥1.53 billion, down from ¥1.80 billion year-over-year, indicating a reduction of 14.9%[24] - Total assets as of March 31, 2021, amounted to ¥3.44 billion, slightly up from ¥3.43 billion at the end of Q1 2020[23][24] - Total liabilities amounted to ¥1,800,816,698.93, with current liabilities at ¥1,709,703,930.25 and non-current liabilities at ¥91,112,768.68[39] Shareholder Information - The number of shareholders reached 17,709 at the end of the reporting period[10] - The top shareholder, Tianjin Bomaike Investment Holding Co., Ltd., holds 37.37% of the shares[10] Research and Development - R&D expenses increased by 109.12% to ¥31,550,013.80 from ¥15,086,755.26, indicating a significant rise in investment in research and development[13] - Research and development expenses for Q1 2021 were ¥31.55 million, which is a 109.0% increase from ¥15.09 million in Q1 2020[26] - Research and development expenses for Q1 2021 amounted to ¥16,195,588.14, up from ¥7,793,151.25 in Q1 2020, reflecting a growth of about 108%[29] Other Financial Activities - Government subsidies recognized during the period amounted to CNY 2,326,498.30, primarily for infrastructure support[11] - Non-recurring gains and losses totaled CNY 4,347,723.63 for the reporting period[11] - The company received tax refunds amounting to ¥20,065,571.91 in Q1 2021, compared to ¥1,787,253.54 in Q1 2020, indicating a significant increase in cash flow from tax refunds[32] - The company incurred cash outflows of 650,190,891.76 RMB for operating activities, compared to 378,618,832.18 RMB in the previous year[35] - The cash flow from financing activities showed a net inflow of 12,123,559.45 RMB, primarily from borrowing activities[36]

Financial Performance - Operating income for the first nine months reached CNY 1,649,072,407.48, a 114.85% increase year-on-year[6] - Net profit attributable to shareholders was CNY 79,249,364.07, representing a 241.15% increase compared to the same period last year[6] - The net cash flow from operating activities surged by 596.55% to CNY 518,204,041.86 year-to-date[6] - Basic earnings per share rose by 191.67% to CNY 0.35[6] - The company reported a significant increase in net profit excluding non-recurring gains, which reached CNY 51,634,279.51, up 2,129.22% year-on-year[6] - The net profit for the first three quarters of 2020 was ¥296,324,592.76, up from ¥221,437,416.46 in the same period of 2019[22] - The net profit for Q3 2020 reached ¥37.15 million, compared to ¥9.22 million in the same period last year, indicating a year-over-year increase of approximately 303%[26] - The total profit for Q3 2020 was ¥39.62 million, compared to ¥7.10 million in Q3 2019, marking an increase of approximately 469%[26] - The total comprehensive income for Q3 2020 was approximately ¥36.86 million, compared to ¥9.78 million in Q3 2019, indicating an increase of approximately 276%[27] - The company reported a significant increase in cash received from operating activities, with cash receipts from sales rising to ¥962,397,501.19 from ¥305,732,250.79, marking a growth of 214.5%[35] Assets and Liabilities - Total assets increased by 23.73% to CNY 3,904,405,944.91 compared to the end of the previous year[6] - The company's total assets as of September 30, 2020, amounted to ¥3,904,405,944.91, compared to ¥3,155,566,477.99 at the end of 2019[17] - Total liabilities as of September 30, 2020, were ¥1,255,292,770.73, compared to ¥835,594,557.36 at the end of 2019[22] - Total assets as of September 30, 2020, amounted to ¥3,240,449,839.71, an increase from ¥2,742,398,828.71 at the end of 2019[22] - The company’s current liabilities totaled ¥728,756,331.25, a slight decrease from ¥739,102,646.60 in the previous year[38] - Total liabilities amounted to ¥821,033,121.77, a decrease of ¥11,908,029.76 compared to the previous period[39] - Total equity attributable to shareholders reached ¥2,334,533,356.22, reflecting a slight decrease of ¥2,961,658.76[39] Cash Flow - Cash flow from operating activities for the first nine months of 2020 was ¥2,112,764,325.56, up from ¥869,280,396.53 in the first nine months of 2019, representing an increase of about 143%[31] - The net cash flow from operating activities for Q3 2020 was ¥518,204,041.86, compared to ¥74,395,655.99 in Q3 2019, indicating a substantial improvement[32] - The company incurred asset impairment losses of ¥1,252,570.52 in Q3 2020, compared to a loss of ¥75,036.81 in Q3 2019[30] - Cash outflow from investment activities totaled ¥647,043,719.85, a substantial increase from ¥3,272,442.46 in the previous year, resulting in a net cash outflow of ¥239,449,114.07[35] - The financing activities generated a net cash inflow of ¥233,976,922.87 in Q3 2020, compared to a net outflow of ¥222,222,915.42 in Q3 2019[32] Shareholder Information - The total number of shareholders reached 18,184[9] - The largest shareholder, Tianjin Bomaike Investment Holding Co., Ltd., holds 37.37% of shares[9] Research and Development - Research and development expenses increased by 79.48% to ¥64,854,883.86, up from ¥36,134,753.70 in the previous year[12] - Research and development expenses for Q3 2020 amounted to ¥15.66 million, up from ¥4.66 million in Q3 2019, reflecting a growth of approximately 236%[28] Other Financial Metrics - The weighted average return on equity increased by 2.54 percentage points to 3.52%[6] - The company reported a significant decrease in sales expenses by 49.86% to ¥2,502,737.53, primarily due to reduced travel costs amid the pandemic[12] - The company executed new revenue standards starting January 1, 2020, impacting various financial statement items[43] - The company has implemented new revenue and leasing standards starting from 2020, which may impact future financial reporting[36]

Financial Performance - The basic earnings per share for the first half of 2020 increased to 0.19 CNY, a 216.67% increase compared to 0.06 CNY in the same period last year[21]. - The diluted earnings per share for the first half of 2020 also stood at 0.19 CNY, reflecting the same 216.67% increase from 0.06 CNY year-on-year[21]. - The weighted average return on net assets rose to 1.89%, an increase of 1.31 percentage points from 0.58% in the previous year[21]. - The net profit attributable to shareholders of the listed company increased due to higher operating profit during the reporting period[22]. - Net profit attributable to shareholders increased by 200.43% to RMB 42,101,603.56 from RMB 14,013,746.95 year-on-year[23]. - The company reported a significant increase in revenue, achieving a total of 1.5 billion in the first half of 2020, representing a 20% growth compared to the same period last year[85]. - The company reported a net profit of RMB 11.87 million for the period, with total assets of RMB 3.49 billion and net assets of RMB 2.18 billion[70]. - The company reported a total comprehensive income of ¥42,441,905.48 for the first half of 2020, compared to ¥14,064,641.14 in the same period of 2019, marking an increase of 201.5%[150]. Revenue and Growth - The company's operating revenue for the first half of the year reached RMB 967,007,687.02, a 94.09% increase compared to RMB 498,236,011.23 in the same period last year[23]. - The revenue growth was primarily driven by an increase in ongoing projects compared to the same period last year[21]. - The company expects significant growth in Q3 2020 compared to the same period last year, driven by strong project orders and good execution of ongoing projects[71]. - Operating revenue for the first half of 2020 was approximately CNY 381.47 million, a significant increase of 114.3% compared to CNY 177.97 million in the same period of 2019[152]. Cash Flow and Assets - The net cash flow from operating activities was RMB 231,957,229.28, a significant improvement from a negative cash flow of RMB -52,691,208.85 in the previous year[23]. - As of June 30, 2020, the company's cash and cash equivalents amounted to RMB 459,353,130.96, a decrease from RMB 486,102,775.38 as of December 31, 2019, representing a decline of approximately 5.3%[141]. - The company's trading financial assets increased significantly to RMB 331,389,156.21 from RMB 120,666,123.42, marking an increase of approximately 174.5%[141]. - Total assets increased to CNY 3,799,027,295.27, up from CNY 3,155,566,477.99, representing a growth of approximately 20.4% year-over-year[144]. Operational Developments - The company maintains a strong competitive position in the FPSO market, having signed contracts with major clients like MODEC and SBM, enhancing its market presence[34]. - The company has established a solid foundation for long-term cooperation with high-end clients in the oil and gas sector, participating in international industry exhibitions to strengthen relationships[35]. - The company has successfully completed projects like MV30 and MV34, with large projects such as Arctic LNG 2, Mero 2, MV32, and MV33 operating smoothly[51]. - The company has established a strong modular construction capability, expanding from single living modules to comprehensive modular construction solutions[42]. Strategic Initiatives - The company plans to raise up to ¥798.6 million through a private placement to support the construction of key projects, including the Tianjin Port Dagu Kou Port Area terminal project[54]. - The company is actively pursuing strategic development goals through capital operations, aiming to transition towards a high-end, integrated service model[54]. - The company is considering strategic acquisitions to enhance its product portfolio, with potential targets identified in the tech sector[85]. - The company is participating in a private equity energy infrastructure fund with a maximum subscription of $200 million, focusing on offshore energy infrastructure projects[67]. Environmental and Social Responsibility - The company donated CNY 800,000 for COVID-19 relief efforts in February 2020[97]. - The company has been involved in poverty alleviation efforts for seven consecutive years, focusing on education as a key strategy[96]. - The company has implemented a noise control program, with noise levels at all factory boundaries below the regulatory limits of 65 dB(A) during the day and 55 dB(A) at night[110]. - The company has established an emergency response plan for environmental incidents, which has been reviewed and updated regularly[115]. Risks and Challenges - The company faces risks related to industry cyclicality, which can significantly impact market demand for energy and resource development equipment[72]. - The company has a high customer concentration risk, primarily serving well-known global energy and mining companies, which may affect operations if demand changes[74]. - The company is exposed to foreign exchange risks due to its primary business being overseas and generally settled in USD, which may affect revenue and profit[78]. Corporate Governance - The company held its annual general meeting on April 9, 2020, in compliance with relevant laws and regulations[80]. - The company’s actual controllers and shareholders have made commitments regarding share transfer limitations, including a maximum of 25% transfer of shares within six months after leaving the company[82]. - The company commits to not engaging in any competitive business activities during the tenure of its actual controllers[84]. - The company has disclosed the self-inspection report regarding insider trading related to the stock option plan[88].

证券代码：603727 证券简称：博迈科 公告编号：临 2020-038 博迈科海洋工程股份有限公司 关于举行"投资者网上集体接待日"交流活动的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 博迈科海洋工程股份有限公司（以下简称"公司"）定于 2020 年 6 月 10 日（星 期三）15:00-16:30 在全景网举办 2019 年度天津辖区网上集体接待日活动，本次 活动将采用网络远程的方式举行，投资者可登陆 " 全 景 • 路演天下 " （http://rs.p5w.net）参与本次互动交流。 出席本次网上交流活动的有公司高级管理人员和证券部人员。本次活动将通 过网络在线交流的形式，就公司 2019 年年度报告、2020 年第一季度报告、疫情 防控、公司治理、发展战略、经营状况、风险管理、投资者保护、可持续发展等 投资者所关心的问题，与投资者进行"面对面"的沟通。 欢迎广大投资者积极参与。 特此公告。 博迈科海洋工程股份有限公司董事会 2020 年 6 月 5 日 ...

2020 年第一季度报告 公司代码：603727 公司简称：博迈科 博迈科海洋工程股份有限公司 2020 年第一季度报告 1 / 24 | 一、 | 重要提示 3 | | --- | --- | | 二、 | 公司基本情况 3 | | 三、 | 重要事项 6 | | 四、 | 附录 8 | 2020 年第一季度报告 一、 重要提示 二、 公司基本情况 2.1 主要财务数据 非经常性损益项目和金额 √适用 □不适用 3 / 24 单位：元 币种：人民币 本报告期末 上年度末 本报告期末比上年度末 增减(%) 总资产 3,494,663,510.03 3,155,566,477.99 10.75 归属于上市公司股东的净 资产 2,343,531,810.94 2,334,533,356.22 0.39 年初至报告期末 上年初至上年报告期末 比上年同期增减(%) 经营活动产生的现金流量 净额 127,906,548.98 75,111,092.50 70.29 年初至报告期末 上年初至上年报告期末 比上年同期增减（%） 营业收入 245,977,179.66 167,642,028.43 46.73 归属于上市公司 ...

Financial Performance - The company achieved a consolidated net profit of RMB 34.6542 million for the year 2019, with the net profit attributable to shareholders also being RMB 34.6542 million[5]. - The company's operating revenue for 2019 reached ¥1,354,097,815.53, representing a 241.40% increase compared to ¥396,626,341.68 in 2018[22]. - The net profit attributable to shareholders was ¥34,654,233.74, a significant increase of 384.49% from ¥7,152,765.61 in the previous year[22]. - The basic earnings per share rose to ¥0.15, up 400.00% from ¥0.03 in 2018[23]. - The total assets increased by 13.04% to ¥3,155,566,477.99 at the end of 2019, compared to ¥2,791,496,178.24 at the end of 2018[22]. - The company reported a net cash flow from operating activities of -¥44,724,008.74, an improvement from -¥367,244,395.55 in 2018[22]. - The company achieved a total revenue of CNY 1,354.10 million in 2019, representing a year-on-year growth of 241.40% compared to CNY 396.63 million in 2018[61]. - The net profit attributable to shareholders reached CNY 34.65 million, marking a significant increase of 384.49% from CNY 7.15 million in the previous year[61]. - The total assets of the company as of the end of 2019 amounted to CNY 3,155.57 million, with net assets of CNY 2,334.53 million[62]. Dividend Policy - The company plans to distribute a cash dividend of RMB 1.00 per 10 shares (including tax) to all shareholders, with no stock dividends or capital reserve transfers planned[5]. - The cumulative distributable profits on a consolidated basis amounted to RMB 648.8387 million, while the parent company's cumulative distributable profits were RMB 221.4374 million[5]. - The company proposed a cash dividend of RMB 1.00 per 10 shares (including tax) for the fiscal year 2019, with a minimum cash dividend ratio of 20% of the distributable profit[137]. - The company plans to maintain a stable profit distribution policy, ensuring that cash dividends are distributed at least once a year, with a minimum of 10% of the annual distributable profit[133]. Market and Industry Position - The company focuses on high-end clients in the marine oil and gas development, mining, and natural gas liquefaction sectors, providing specialized module integration design and construction services[27]. - The global energy demand is expected to continue growing until 2050, with natural gas projected to become the largest energy source, accounting for 27.6% of the energy mix[30]. - The Brent crude oil price remained above $60 per barrel throughout the year, leading to increased investment and a release of high-quality orders in the industry[32]. - The FPSO market is experiencing significant growth, with the company successfully securing a contract worth $131 million with SBM, marking the beginning of a long-term partnership[33]. - The company has established a strong international market presence, with clients in over 20 countries, including Brazil, Australia, and the Middle East, allowing it to quickly seize market opportunities[38]. - The company has expanded its market reach in the FPSO sector, successfully integrating with top FPSO contractors MODEC and SBM, which strengthens its market position[39]. - The company achieved a historical high in new order amounts during the reporting period, reflecting the current market's enthusiasm[35]. Operational Efficiency and Development - The company has a production base in Tianjin with a logistics network that includes a deep-water port, enhancing its operational efficiency for large projects[44]. - The company completed the construction of an intelligent manufacturing workshop, significantly improving production efficiency and product quality through automation[53]. - The company achieved a breakthrough in welding technology for S460 materials, enhancing project execution capabilities[52]. - The company has a strong modular construction capability, providing customized solutions for FPSO and offshore oil and gas platforms[43]. - The company plans to enhance its lifting capacity with the addition of a 1000t gantry crane, improving overall operational efficiency[54]. - The company invested in smart manufacturing workshops and advanced equipment to improve production efficiency in 2019[118]. Research and Development - The research and development expenses rose to CNY 58.85 million, an increase of 88.39% compared to CNY 31.24 million in the previous year, indicating a focus on innovation[65]. - The total R&D investment was 58.85 million yuan, representing 4.35% of total revenue[86]. - The company conducted 22 R&D projects during the reporting period, achieving significant progress in large engineering equipment design and manufacturing[87]. Risk Management - The company has disclosed potential risks related to future plans and development strategies, advising investors to be aware of investment risks[6]. - The company faces cyclical risks in the marine oil and gas development and liquefied natural gas sectors, which are significantly influenced by economic cycles[123]. - The company is exposed to significant market competition from established firms in Europe and the U.S., as well as experienced companies from Singapore, South Korea, and China, particularly in the context of fluctuating oil prices[128]. - The company has a high customer concentration risk, primarily serving major global energy and mining companies, which may impact operations if industry demand fluctuates due to economic or political factors[126]. Corporate Governance and Compliance - The company has not reported any instances of non-compliance with performance commitments or significant accounting errors during the reporting period[145]. - The company has committed to compensating investors for any losses incurred due to violations of commitments made by its controlling shareholders[144]. - The company has made promises regarding the non-interference in management activities and the protection of company interests by its controlling shareholders[144]. - The company has implemented a stock option incentive plan, which was approved by the board and shareholders in 2018[156]. Social Responsibility and Environmental Impact - The company actively participated in poverty alleviation efforts, donating CNY 200,000 for public welfare projects in Bijie City, Guizhou Province[177]. - The company reported a total investment of CNY 41.6 million in various poverty alleviation projects during the year[179]. - The company emphasized the importance of corporate social responsibility, aiming to improve its reputation and community contributions[182]. - The company reported a wastewater discharge of 126,750 tons in 2019, with actual chemical oxygen demand (COD) emissions of 31.4 tons, which is within the permitted limit of 32.47 tons[188]. - The company’s total emissions of particulate matter in 2019 were 3.992 tons, significantly below the limit of 31.65 tons[193]. - The company has implemented pollution prevention facilities in accordance with environmental assessment requirements, which are in good condition and operating effectively[197].

Financial Performance - Operating revenue surged by 315.28% to CNY 767,531,942.00 for the first nine months of the year[6] - Net profit attributable to shareholders reached CNY 23,230,203.67, a significant recovery from a loss of CNY 29,512,223.40 in the same period last year[6] - Basic earnings per share improved to CNY 0.12 from a loss of CNY 0.13 in the same period last year[6] - The company reported a net profit margin of approximately 0.3% for Q3 2019, down from 0.5% in Q3 2018, indicating a decrease in profitability[27] - Net profit for Q3 2019 was ¥6,546,197.62, compared to ¥8,295,946.67 in Q3 2018, indicating a decrease of about 21.1%[32] - Total profit for Q3 2019 was ¥7,070,756.09, compared to ¥9,463,294.49 in Q3 2018, showing a decrease of approximately 25.5%[32] Cash Flow - The company generated a net cash flow from operating activities of CNY 74,395,655.99, a turnaround from a negative cash flow of CNY 196,441,203.05 in the previous year[6] - Cash inflows from operating activities for the first three quarters amounted to CNY 869,280,396.53, significantly up from CNY 181,230,867.96 in the same period last year[35] - The net cash flow from operating activities was CNY 74,395,655.99, recovering from a negative CNY 196,441,203.05 in the previous year[35] - The net cash flow from investment activities was CNY 463,791,806.79, a substantial increase from CNY 12,445,122.89 in the previous year[35] - The net cash flow from financing activities was negative CNY 222,222,915.42, worsening from negative CNY 42,772,377.34 in the same period last year[36] Assets and Liabilities - Total assets increased by 6.69% to CNY 2,978,179,521.37 compared to the end of the previous year[6] - The company’s inventory increased by 105.70% to ¥504,774,850.48, primarily due to an increase in raw materials and completed but unsettled projects[11] - Total liabilities increased to ¥796,144,132.72 in Q3 2019 from ¥323,969,562.76 in Q3 2018, marking a rise of 146%[24] - The total equity attributable to shareholders decreased to ¥1,923,793,585.05 from ¥2,035,734,861.61, a decline of 5.5%[25] Shareholder Information - The total number of shareholders reached 20,980 by the end of the reporting period[9] - The largest shareholder, Tianjin Bomaike Investment Holding Co., Ltd., holds 37.38% of the shares, amounting to 87,525,000 shares[9] - The company repurchased a total of 6,615,409 shares, accounting for 2.83% of the total share capital, with a total expenditure of ¥100,020,209.93[16] Research and Development - Research and development expenses increased by 82.96% to ¥36,134,753.70, indicating a rise in R&D investment[13] - Research and development expenses for Q3 2019 amounted to ¥12,944,525.27, compared to ¥9,034,423.29 in Q3 2018, indicating a 43% increase[27] Market Outlook - The company expects significant improvement in annual performance compared to the previous year, driven by a strong order backlog and favorable market conditions in the oil and gas industry[18] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[27] Government Support - Government subsidies recognized during the period amounted to CNY 6,439,210.84, primarily related to infrastructure and research projects[8] Non-Operating Income - The company reported a total of CNY 4,499,102.18 in non-operating income for the current period[8]

Financial Performance - The basic earnings per share increased to CNY 0.06 from a loss of CNY 0.27 in the same period last year[21]. - The diluted earnings per share also rose to CNY 0.06 compared to a loss of CNY 0.27 in the previous year[21]. - The weighted average return on net assets improved to 0.58% from -2.64%, an increase of 3.22 percentage points[21]. - The net profit attributable to shareholders increased due to higher operating profit during the reporting period[22]. - The revenue growth was primarily driven by an increase in ongoing projects compared to the same period last year[21]. - The basic earnings per share after deducting non-recurring gains and losses was -0.01, an improvement from -0.41 in the previous year[21]. - The weighted average return on net assets after deducting non-recurring gains and losses was -0.10%, an improvement from -3.99%[21]. - The company reported an increase in net profit mainly due to the rise in operating profit[22]. - The company's operating revenue for the first half of the year reached ¥498,236,011.23, a significant increase of 789.47% compared to the same period last year[24]. - The net profit attributable to shareholders was ¥14,013,746.95, recovering from a loss of ¥63,271,231.69 in the previous year[24]. - The net cash flow from operating activities was -¥52,691,208.85, an improvement from -¥114,491,316.78 year-on-year[24]. Projects and Contracts - The company successfully secured the Arctic LNG 2 project order, indicating a recovery in the LNG sector[31]. - The global FPSO market is expected to see an order surge, with several projects in South America progressing well[30]. - The company secured a significant contract for the Arctic LNG 2 project with a total contract value of 4.2 billion RMB, marking the highest single contract amount since its establishment[46]. - The company plans to invest in the construction of the Tianjin Port Dagu Kou Area Bo Maike No. 2 terminal, which will add a 300m berth and enhance its capacity to undertake large projects such as FPSO, FLNG, or FSRU[41]. - The company has successfully completed and delivered projects such as the Ukhaa Khudag Coal Handling and Preparation Plant and LIUHUA 16-2, enhancing its reputation in the industry[50]. Research and Development - The company holds 78 authorized patents, including 21 invention patents, enhancing its competitive edge in technology[38]. - The company has established a technology innovation alliance to promote resource sharing and innovation in marine equipment[38]. - Research and development expenses increased by 116.42% to ¥23,190,228.43, up from ¥10,715,540.09, driven by the expansion of R&D projects[58]. - The company is investing in smart manufacturing workshops and has introduced robotic welding stations to improve efficiency and reduce labor costs[51]. Financial Position and Capital Management - The company's total assets decreased by 4.13% to ¥2,676,226,189.98 compared to the end of the previous year[24]. - The company is enhancing its capital strength post-listing, providing a better financing environment for long-term investments in the oil and gas and clean energy sectors[42]. - The company is actively pursuing international development strategies, leveraging its experience to capture quality orders in the recovering oil and gas market[45]. - The company’s cash and cash equivalents at the end of the period amounted to ¥378,361,895.26, representing 14.14% of total assets, up from 9.14% last year[60]. - The company’s total liabilities included an increase in other payables by 108.32% to ¥26,062,857.09, compared to ¥12,510,672.59 last year[60]. - The company’s investment activities generated a net cash flow of ¥255,321,059.78, a 33.59% increase from ¥191,120,890.97 in the previous year, primarily due to the maturity of financial products[58]. Risks and Challenges - The company faces risks related to industry cyclicality, which may impact demand for energy and resource development equipment[72]. - The company is exposed to order decline risks, particularly if project progress slows or oil prices fluctuate significantly[73]. - The company has a high customer concentration risk, primarily serving well-known global energy and mining companies[74]. - The company may encounter project budget risks due to potential changes in project scope and market conditions[75]. - The company operates in a competitive international market, facing pressure from established competitors[76]. - The company is subject to foreign exchange risks, as its main business transactions are conducted in USD[77]. Shareholder and Corporate Governance - The company plans to reduce its holdings of shares in Bohai Technology by no more than 15% in the first year and 20% in the second year after the lock-up period ends, with the selling price not lower than the issue price[82]. - The company has committed to not transferring or managing its shares in Bohai Technology for six months post-listing, ensuring stability in shareholding[81]. - The company has a good integrity record during the reporting period, with no significant litigation or arbitration matters reported[85]. - The company will not engage in any business activities that compete with Bohai Technology during its tenure as a controlling shareholder[83]. - The company has committed to not providing financial assistance for stock options to incentive recipients under the stock option incentive plan[84]. Environmental Responsibility - Tianjin Bomaike's annual wastewater discharge is compliant with Tianjin's comprehensive wastewater discharge standards, with no wastewater generated during production processes[104]. - The company conducts biannual monitoring of air pollutants, including smoke, dust, and volatile organic compounds, ensuring compliance with legal requirements[105]. - Solid waste management includes agreements with qualified vendors for recycling, with hazardous waste disposed of by a certified environmental service company[106]. - Noise emissions from Tianjin Bomaike's operations are within the limits set by national standards, with daytime operations only and no nighttime work[107]. - The company has implemented pollution prevention facilities that are operational and effective, in accordance with environmental assessment requirements[108]. - The company has passed ISO 14001:2015 environmental management system certification, reflecting its commitment to environmental responsibility[113]. Community Engagement and Social Responsibility - The company donated 200,000 RMB to support public welfare projects in Zhi Jin County, Guizhou Province, including the construction of water cellars and agricultural projects[98]. - The company has been sponsoring 30 underprivileged students from Sichuan Fushun Middle School for six consecutive years, with a total funding of 150,000 RMB planned for 2019[102]. - The company aims to ensure that no child is unable to attend school due to poverty through its educational poverty alleviation initiatives[97]. - The company actively participates in poverty alleviation efforts, responding to the national strategy for rural revitalization[97]. - The company has committed to continuing its public welfare activities and enhancing its social responsibility in the future[98]. Accounting and Financial Reporting - The company has assessed its ability to continue as a going concern and found no issues affecting this ability[173]. - The company’s accounting policies comply with the requirements of the enterprise accounting standards[175]. - The company’s financial statements are prepared based on the principle of continuous operation[171]. - The company’s normal operating cycle is 12 months[177]. - The company will include the revenue, expenses, and profits of newly acquired subsidiaries in the consolidated profit statement from the acquisition date to the end of the reporting period[188].