NBTP(SH:600982)2016-03-07 16:00Financial Performance - The company reported a net profit of ¥37,773,631.21 for the year 2015, with a proposed cash dividend of ¥0.70 per share, totaling ¥52,285,100 distributed to shareholders [3]. - Total operating revenue for 2015 was ¥1,001,798,459.07, representing a decrease of 9.03% compared to ¥1,101,198,907.88 in 2014 [19]. - The net profit attributable to shareholders decreased by 39.64% to ¥92,021,544.85 from ¥152,466,314.57 in the previous year [19]. - The basic earnings per share decreased by 52.85% to ¥0.1232 in 2015, down from ¥0.2613 in 2014 [21]. - The total non-recurring gains and losses for 2015 amounted to RMB 74.74 million, a decrease from RMB 143.43 million in 2014 [25]. - The company reported a net profit increase, with retained earnings rising to RMB 451,820,058.36 from RMB 410,003,016.42, an increase of approximately 10.2% [171]. - The net profit for 2015 was CNY 37,773,631.21, a decrease of 57.0% from CNY 87,827,161.47 in the previous year [182]. - The total profit for the year was CNY 49,552,433.80, down 47.9% from CNY 95,164,382.60 in 2014 [182]. Assets and Liabilities - The company's total assets increased by 8.69% to ¥3,280,701,624.53 at the end of 2015, compared to ¥3,018,427,921.95 at the end of 2014 [20]. - The total liabilities increased to CNY 337,924,396.98 from CNY 332,155,085.75, reflecting a rise of 1.73% [175]. - The company's total assets at the end of the reporting period were CNY 2,300,890,397.66, slightly down from CNY 2,303,657,115.22 at the beginning of the year [175]. - The total equity attributable to shareholders of the parent company was RMB 2,439,936,379.86, compared to RMB 2,326,732,990.54 at the start of the year, reflecting an increase of approximately 4.84% [171]. - The company's total liabilities reached RMB 656,691,985.81, up from RMB 518,355,439.66, indicating a rise of about 26.74% [170]. Cash Flow - The cash flow from operating activities significantly increased by 609.67% to ¥140,563,813.22 compared to ¥19,806,933.68 in 2014 [19]. - The net cash flow from investing activities was -¥27,829,741.32, showing an improvement from -¥613,066,130.25 in the previous year [154]. - The company maintained a cash and cash equivalents balance of ¥1,079,332,424.44 at the end of 2015, an increase of 11.51% from ¥967,956,454.96 in 2014 [154]. - The cash flow from financing activities resulted in a net outflow of CNY 5,150,616.13, compared to a net inflow of CNY 1,061,692,732.21 in the previous year [185]. - The company reported a total cash inflow from operating activities of ¥2,187,359,080.66, while cash outflow was ¥1,954,485,456.52, resulting in a net cash inflow of ¥232,873,624.14 [188]. Investments and Projects - The company has made significant investments in technology upgrades for its subsidiaries, aiming to enhance efficiency and reduce losses in the heating network [34]. - The company is actively pursuing new energy projects, including wind and solar power, to achieve breakthroughs in the renewable energy sector [34]. - The company has successfully completed the commissioning of the 6B gas turbine in the Spring Dawn project, which is now ready for trial operation [34]. - The company has ongoing projects with a total installed capacity of 257.74 MW under construction, including the "Chunxiao Project" and "Jinxi Project" [53]. - The company plans to continue expanding its financing leasing business in the energy and environmental protection sectors, leveraging its resource advantages [35]. Market and Competitive Position - The company maintains a strong competitive position in the cogeneration industry, which is encouraged by national policies and has substantial market potential [31]. - The company sold a total of 2.9018 million tons of steam in 2015, an increase of 1.41% compared to 2.8614 million tons in the previous year [36]. - The company plans to expand its market by connecting with multiple heat users, including Dingding Paper and Yili Dairy, as part of the "Jinxi Project" [56]. - The company has completed a strategic acquisition of a local competitor for 500 million RMB, enhancing its market position [126]. Governance and Compliance - The company has a history of maintaining good integrity, with no significant legal or financial issues reported during the period [83]. - The company has engaged Tianheng Accounting Firm for financial and internal control audits, with fees set at 350,000 RMB and 200,000 RMB respectively [81]. - The company’s governance structure complies with the requirements of the Company Law and the China Securities Regulatory Commission, ensuring effective internal control management [134]. - The company has established an annual performance evaluation mechanism for senior management, linking their compensation to the company's annual operating goals and profit completion [143]. Future Outlook - The company has set a revenue guidance of 1.8 billion RMB for the next fiscal year, indicating a projected growth of 20% [124]. - New product launches are expected to contribute an additional 300 million RMB in revenue in 2016 [125]. - The company intends to actively expand into new investment areas to seek new profit growth points [69]. - The company has implemented cost-cutting measures that are expected to reduce operational expenses by 8% in the upcoming year [124].