BOCO(SH:600289)2017-03-17 16:00Financial Performance - The company's operating revenue for 2016 was approximately CNY 1.33 billion, representing an increase of 11.15% compared to 2015[17]. - The net profit attributable to shareholders for 2016 was approximately CNY 129.82 million, a growth of 22.99% year-over-year[17]. - The basic earnings per share for 2016 was CNY 0.2230, reflecting a 19.76% increase from CNY 0.1862 in 2015[18]. - The company's total assets at the end of 2016 reached approximately CNY 4.15 billion, a year-over-year increase of 37.97%[17]. - The net assets attributable to shareholders increased by 60.07% year-over-year, totaling approximately CNY 3.23 billion at the end of 2016[17]. - The company achieved a revenue of CNY 1,331,030,735.03 in 2016, representing an 11.15% increase compared to the previous year[45]. - The net profit attributable to shareholders reached CNY 12,981,650, a year-on-year growth of 22.99%[45]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 12,844,290, reflecting a 42.41% increase year-on-year[45]. - The company reported a total comprehensive income of ¥129,738,980.18 for 2016, compared to ¥105,293,665.61 in 2015, indicating a growth of 23.4%[151]. Cash Flow and Investments - The net cash flow from operating activities for 2016 was approximately CNY 111.16 million, a decrease of 22.30% compared to 2015[17]. - The company reported a net cash outflow from investment activities of ¥129.37 million, a decrease of 408.07% year-on-year, attributed to increased cash payments for fixed assets[58]. - The cash outflow from investing activities was CNY 129,393,544.14, up from CNY 65,319,876.01 in 2015, indicating an increase of about 98%[157]. - The net cash flow from financing activities was CNY 1,042,671,697.60, a significant improvement from a negative CNY 61,440,868.72 in the previous year[157]. - The company raised CNY 1,095,872,924.20 from investment activities, compared to CNY 240,000,000.00 in the previous year, showing a substantial increase[159]. Dividends and Shareholder Returns - The company plans to distribute a cash dividend of CNY 0.65 per 10 shares, totaling CNY 41.02 million, which accounts for 31.60% of the net profit attributable to shareholders[2]. - The company distributed a cash dividend of 0.25 RMB per 10 shares for the year 2015, totaling 14.1481 million RMB, which accounted for 31.92% of the net profit attributable to shareholders[70]. - For the year 2016, the company plans to distribute a cash dividend of 0.65 RMB per 10 shares, totaling 41.0184 million RMB, which is 31.55% of the net profit attributable to shareholders[70]. Market and Business Development - The company expanded its market presence in smart cities, big data, and information security, leveraging new technologies for sustainable growth[25]. - The company secured multiple contracts in the telecommunications sector, including projects for Henan Mobile and Guangxi Broadcasting, enhancing its market position[34]. - The company signed contracts in non-telecom sectors, including successful bids in industries such as agriculture e-commerce and food safety solutions[35]. - The company expanded its big data analysis capabilities, winning multiple projects with China Telecom, including a mobile internet business perception analysis system[36]. - The company maintained a steady growth trend in the smart transportation sector, with multiple projects signed in various provinces[40]. Research and Development - The company reported a 21.69% increase in R&D expenditure, totaling CNY 75,315,402.89[47]. - Total R&D investment amounted to ¥75.32 million, representing 5.66% of total revenue, with 89.07% of R&D costs capitalized[56]. - The company received 84 new software copyrights and applied for 29 new invention patents during the reporting period[30]. - The company is actively developing IoT platforms and applications following the release of the NB-IoT standard, marking a new phase in IoT development[26]. Risks and Challenges - The company faced various risks as detailed in the annual report, which investors are advised to consider[4]. - The company faces risks related to technological innovation, emphasizing the need to keep pace with rapid advancements in information technology and related fields[68]. - The company anticipates management risks due to rapid business expansion, which may challenge its internal control and operational management systems[68]. Corporate Governance and Structure - The company established a governance structure including a shareholder meeting, board of directors, and supervisory board, enhancing corporate governance[177]. - The company has a diverse board with members holding various positions in other organizations, indicating strong industry connections[116]. - The current management team includes several individuals with extensive experience in telecommunications and technology sectors, enhancing strategic decision-making capabilities[117]. - The company has 19 subsidiaries, indicating a diversified operational structure and potential for market expansion[179]. Share Capital and Ownership - The company completed a non-public offering of shares, increasing the total number of shares from 565,922,684 to 631,052,069[18]. - The controlling shareholder, Yiyang Group, increased its shareholding percentage from 25.29% to 32.89% after the issuance[102]. - The total number of shares increased from 565,922,684 to 631,052,069 shares after the issuance of 65,129,385 new shares[94]. - The company has not disclosed any related party transactions during the reporting period[113]. Financial Health and Stability - The company has maintained a strong liquidity position, with current liabilities totaling RMB 919,079,942.84, ensuring it can meet short-term obligations effectively[143]. - The total equity attributable to the parent company at the end of the period was ¥2,014,816,596.76, reflecting an increase from the previous year's balance[162]. - The company reported a significant increase in total equity, indicating robust financial health and potential for future growth[162]. - The company has a continuous operation basis for its financial statements, adhering to accounting standards and ensuring transparency[181].