Financial Performance - The company's operating revenue for the first half of 2016 was ¥609,056,514.61, representing an increase of 18.29% compared to ¥514,873,159.11 in the same period last year[19] - The net profit attributable to shareholders for the first half of 2016 was ¥25,993,500.54, a decrease of 19.25% from ¥32,189,158.21 in the previous year[19] - The net cash flow from operating activities decreased by 57.19%, amounting to ¥27,987,393.29 compared to ¥65,380,238.13 in the same period last year[19] - The basic earnings per share for the first half of 2016 was ¥0.155, down 39.45% from ¥0.256 in the same period last year[20] - The diluted earnings per share also stood at ¥0.155, reflecting the same percentage decrease of 39.45% compared to the previous year[20] - The weighted average return on net assets decreased by 3.04 percentage points to 2.88% from 5.92% in the previous year[21] - The total profit for the current period was ¥28,539,729.80, down 17.2% from ¥34,473,364.10 in the previous period[90] - The company reported a significant increase in other non-current assets to ¥100,357,362.36 from ¥44,725,074.41, representing a growth of about 124.9%[84] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,798,574,800.77, a slight increase of 0.75% from ¥1,785,204,668.61 at the end of the previous year[19] - The net assets attributable to shareholders at the end of the reporting period were ¥906,865,424.47, an increase of 1.98% from ¥889,239,423.93 at the end of the previous year[19] - Current liabilities totaled ¥801,742,619.67, compared to ¥787,463,323.88, indicating an increase of about 1.6%[84] - Total liabilities decreased slightly to ¥891,709,376.30 from ¥895,965,244.68, a reduction of approximately 0.5%[84] - The company's total current assets amount to 762,096,498.29 RMB, a decrease from 882,036,324.42 RMB at the beginning of the period[82] Cash Flow - Cash generated from operating activities was ¥591,174,152.02, an increase of 54.8% compared to ¥382,209,272.77 in the previous period[96] - The company reported a significant decrease in net cash flow from operating activities, down 57.19% to RMB 27.99 million[32] - The total cash and cash equivalents at the end of the period stood at CNY 46,602,417.24, down from CNY 158,488,500.69 at the beginning of the period[99] - The company reported a decrease in cash and cash equivalents of CNY -111,886,083.45, compared to a decrease of CNY -41,369,401.09 in the previous period[99] Shareholder Information - The company distributed cash dividends of RMB 0.5 per share, totaling RMB 8.37 million, which is 13.73% of the audited net profit for 2015[48] - Major shareholders Xu Huan and Xie Xiaomei are committed to not reducing their holdings by more than 10% of their total shares each year after the lock-up period[63] - The company plans to distribute cash dividends to shareholders not less than 10% of the distributable profits each year, with a cumulative minimum of 40% over three years[64] - The total number of shareholders at the end of the reporting period was 31,888, with no changes in share capital structure[73] Investment and Subsidiaries - The company established a wholly-owned subsidiary, Bomin Investment Co., Ltd., with an investment of RMB 50 million on April 27, 2016[41] - The company invested RMB 30 million to subscribe for 3 million shares in Zhongtian Yinkong Technology Co., Ltd. as of May 23, 2016[41] - As of June 30, 2016, the total assets of the wholly-owned subsidiary Shenzhen Bomin amounted to RMB 262.60 million, with a net profit of RMB 600,500 during the reporting period[45] - The total assets of the controlling subsidiary Jiangsu Bomin reached RMB 648.75 million, but it reported a net loss of RMB 5.18 million for the reporting period[46] Operational Performance - The operating cost increased by 24.75% to RMB 508.79 million, primarily due to the rise in sales volume[32] - Domestic sales revenue grew by 14.70% to RMB 468.40 million, while overseas sales increased by 26.96% to RMB 120.98 million[39] - The gross profit margin for the printed circuit board (PCB) segment decreased by 4.59 percentage points to 14.80%[37] Corporate Governance - The company has committed to ensuring reasonable returns for shareholders while promoting sustainable development[48] - The company will not engage in any business that competes with its subsidiaries, ensuring no conflict of interest[65] - The company appointed Lixin Certified Public Accountants (Special General Partnership) for the 2016 financial audit, ensuring stability and continuity in audit work[67] Accounting Policies - The company adheres to the accounting standards set by the Ministry of Finance, ensuring that financial statements accurately reflect its financial position and operating results[134] - The company’s accounting currency is Renminbi (RMB)[137] - The company recognizes financial assets at fair value and measures them at amortized cost subsequently[157] - The company uses the weighted average method for inventory valuation upon issuance[168] Future Outlook - The company is focusing on expanding its market presence and enhancing product development capabilities to improve competitiveness[35] - The company plans to invest RMB 300.45 million in the high-end printed circuit board industrialization project, with RMB 2.68 million already invested[44]

Financial Performance - The company's operating revenue for 2015 was CNY 1,130,254,643.17, representing a 7.27% increase compared to CNY 1,053,667,556.44 in 2014[23]. - The net profit attributable to shareholders for 2015 was CNY 60,958,524.91, a decrease of 11.94% from CNY 69,221,557.05 in the previous year[23]. - The net cash flow from operating activities significantly dropped by 88.33% to CNY 19,625,451.57, down from CNY 168,136,519.95 in 2014[23]. - The total assets at the end of 2015 were CNY 1,785,204,668.61, which is a 33.22% increase from CNY 1,340,040,981.64 in 2014[23]. - The company's net assets attributable to shareholders increased by 68.47% to CNY 889,239,423.93, compared to CNY 527,830,163.81 at the end of 2014[23]. - The basic earnings per share for 2015 were CNY 0.486, down 11.96% from CNY 0.552 in 2014[23]. - The weighted average return on equity decreased by 3.11 percentage points to 10.92% in 2015, compared to 14.03% in 2014[23]. - The gross profit margin decreased by 0.42 percentage points to 20.29% compared to the previous year[53]. - The revenue from printed circuit boards was CNY 1,105,964,314.62, with a gross margin of 18.77%, reflecting a decrease of 0.35 percentage points[53]. - The total profit for 2015 was 81,603,287.76 RMB, a slight decrease from 82,280,673.19 RMB in the previous year, representing a decline of approximately 0.82%[184]. Cash Flow and Investments - The company experienced a significant cash flow challenge in Q3 2015, reporting a negative cash flow from operating activities of ¥40.93 million[26]. - The company raised a total of CNY 33,731.10 million from the public offering of 41.85 million shares at a price of CNY 8.06 per share, with a net amount of CNY 30,045.07 million after deducting issuance costs[127][128]. - The company's financing activities generated a net cash flow of CNY 325,671,712.83 in 2015, compared to a net outflow of 11,500,031.58 RMB in 2014[187]. - Cash outflow from investing activities was 184,079,394.09 RMB, an increase from 171,896,251.43 RMB in 2014, reflecting a rise of about 6.83%[187]. - The total cash inflow from operating activities was 970,761,275.07 RMB, compared to 1,027,306,804.77 RMB in 2014, indicating a decline of about 5.49%[187]. Market and Industry Outlook - The company specializes in high-precision printed circuit boards, with applications in consumer electronics, automotive electronics, and medical electronics[32]. - The printed circuit board industry is characterized by a broad application range, reducing dependency on any single sector, and is expected to grow in demand due to urbanization and consumption upgrades in China[37]. - The company anticipates that the demand for printed circuit boards in China will grow at a rate higher than the global average due to ongoing economic development and technological advancements[37]. - The PCB industry in China is expected to see continued growth in demand for HDI boards and flexible circuit boards, driven by the miniaturization and multifunctionality of consumer electronics[67]. Research and Development - The company has invested CNY 54,004,296.64 in R&D, an increase of 14.80% from the previous year[51]. - The company has established a comprehensive product structure, focusing on high-tech products such as HDI boards, flexible circuit boards, and rigid-flex boards[40]. - The company aims to enhance the technology level of HDI boards, targeting a minimum line width and spacing of 0.03mm, minimum mechanical hole diameter of 0.1mm, minimum laser hole diameter of 0.05mm, and minimum thickness of 0.2mm[84]. - The company has established partnerships with domestic universities and research institutions to enhance R&D capabilities and develop products with independent intellectual property rights[81]. Corporate Governance and Shareholder Relations - The company has appointed Lixin Accounting Firm for the audit of its 2015 financial report, with an audit fee of 600,000 RMB[114]. - The company has committed to avoid any related party transactions that could harm the interests of shareholders[112]. - The company will ensure compliance with relevant laws and regulations in any unavoidable related party transactions[112]. - The company has not engaged in any major related party transactions during the reporting period[118]. - The company has not reported any instances of funds being occupied or any progress in debt recovery during the reporting period[113]. Risk Factors - The company has outlined potential risks in its future development, including industry and market risks, which investors should be aware of[8]. - The company faces risks from macroeconomic fluctuations, which could impact its main business revenue and net profit[92]. - Intense market competition in the PCB industry may lead to price declines, affecting the company's operational performance if it fails to innovate[92]. - Fluctuations in raw material prices, particularly copper and gold, could adversely affect the company's gross margin if costs rise significantly[93]. Employee and Management Structure - The company employs a total of 3,584 staff, with 2,547 in the parent company and 1,037 in major subsidiaries[153]. - The professional composition includes 2,583 production personnel, 90 sales personnel, 598 technical personnel, and 34 financial personnel[153]. - The governance structure includes a board of directors with 9 members, 3 of whom are independent directors[159]. - The company has implemented a salary policy that aligns employee compensation with job responsibilities and performance[154]. Dividend Policy - The company plans to distribute at least 10% of its distributable profits as cash dividends annually, with a minimum of 40% if significant capital expenditures are planned[97]. - The company proposed a cash dividend of 0.5 yuan per 10 shares, amounting to a total of 60,958,524.91 yuan, which represents 13.73% of the net profit attributable to shareholders[98]. - The company aims to distribute cash dividends of no less than 10% of the distributable profits each year for the next three years[109].

Financial Performance - Operating revenue increased by 38.58% to CNY 297,061,993.49 year-on-year[7] - Net profit attributable to shareholders decreased by 4.63% to CNY 5,899,474.45 compared to the same period last year[7] - Basic earnings per share decreased by 33.33% to CNY 0.042 compared to the previous year[7] - The weighted average return on equity decreased by 0.7 percentage points to 0.79%[7] - The company reported a net profit warning for the first quarter of 2016, indicating potential losses or significant changes compared to the same period last year[24] - Total operating revenue for Q1 2016 was CNY 297,061,993.49, an increase of 38.5% compared to CNY 214,365,527.84 in the same period last year[35] - Net profit for Q1 2016 was CNY 7,081,627.03, a decrease of 10.8% from CNY 7,935,812.46 in Q1 2015[35] - Earnings per share for Q1 2016 were CNY 0.042, down from CNY 0.063 in the same quarter last year[36] - The company reported a total profit of CNY 10,433,451.69 for Q1 2016, up 24.2% from CNY 8,399,758.95 in the previous year[35] Cash Flow - Cash flow from operating activities showed a significant decline of 168.68%, resulting in a net cash outflow of CNY -40,385,098.69[7] - The company's total cash flow from operating activities increased by 21.1% year-on-year, indicating improved operational efficiency[41] - Operating cash inflow totaled CNY 323,387,027.02, compared to CNY 262,225,853.49 in the previous period, reflecting a growth of approximately 23.4%[42] - Operating cash outflow amounted to CNY 363,772,125.71, up from CNY 203,428,047.34, indicating a significant increase of about 78.8%[42] - Net cash flow from operating activities was negative at CNY -40,385,098.69, contrasting with a positive CNY 58,797,806.15 in the prior period[42] - Total cash inflow from operating activities was CNY 314,483,117.43, compared to CNY 229,344,441.79 in the previous period, reflecting a growth of about 37.1%[45] - Total cash outflow from operating activities was CNY 369,068,980.65, up from CNY 206,215,838.21, indicating an increase of approximately 78.8%[45] Assets and Liabilities - Total assets decreased by 4.10% to CNY 1,712,083,968.49 compared to the end of the previous year[7] - The company's current assets totaled CNY 757,500,834.54, down from CNY 882,036,324.42, indicating a decrease of about 14.1%[26] - Cash and cash equivalents decreased by 62.05% to ¥109,052,040.80 due to loan repayments[14] - Total liabilities decreased from CNY 895,965,244.68 to CNY 815,762,917.53, a reduction of about 8.9%[28] - The company's equity increased from CNY 889,239,423.93 to CNY 896,321,050.96, reflecting a growth of approximately 0.1%[28] - Total liabilities as of the end of Q1 2016 were CNY 492,810,683.68, down from CNY 545,017,756.64 at the end of Q1 2015[33] - Total equity increased to CNY 886,104,040.59 in Q1 2016 from CNY 875,870,869.57 in Q1 2015, reflecting a growth of 1.3%[33] Shareholder Information - The total number of shareholders reached 26,150 by the end of the reporting period[12] - The largest shareholder, Xu Huan, holds 30.38% of the shares, totaling 50,833,000 shares[12] - The company commits to distributing cash dividends to shareholders of no less than 10% of the distributable profits each year, and a cumulative total of at least 40% over three years[21] - Shareholders are required to announce any stock reduction plans three trading days in advance, and if they fail to comply, they cannot reduce their holdings for six months[21] Corporate Governance - The company plans to implement stock repurchase measures if the stock price falls below net asset value for 20 consecutive trading days[18] - The controlling shareholders Xu Huan and Xie Xiaomei will increase their holdings of company stock, with the purchase price not exceeding 120% of the audited net asset value per share from the previous fiscal year[19] - Other directors and senior management will also increase their holdings, with the purchase price capped at 120% of the previous year's audited net asset value per share, and the total amount for such purchases not exceeding 50% of their after-tax salaries[19] - The company will ensure that no direct or indirect competition arises from its controlling shareholders or their controlled enterprises[22] - The company will avoid related party transactions unless unavoidable, and will comply with relevant laws and regulations to protect the interests of the company and its shareholders[22] Investment and Expenses - Non-operating income for the period amounted to CNY 1,182,152.58, primarily from government subsidies and investment income[10] - The company reported a loss of CNY 389,743.02 from the disposal of fixed assets during the period[9] - The company experienced a 622.46% increase in income tax expenses to ¥3,351,824.66, as the tax rate changed from 15% to 25%[15] - The company recorded an investment income of ¥105,172.62, marking a 100% increase[15] - Investment cash outflow reached CNY 76,734,927.20, compared to CNY 28,892,957.64 previously, marking an increase of approximately 165.5%[43] - Net cash flow from investing activities was negative at CNY -76,723,816.09, compared to CNY -28,892,957.64 in the previous period[43]