CBMT(SH:603099)2016-03-28 16:00Financial Performance - The company achieved a net profit attributable to shareholders of RMB 100,555,891.58, representing a 26.18% increase compared to RMB 79,694,861.31 in 2014[2]. - Total operating revenue for 2015 was RMB 318,529,754.87, an increase of 8.75% from RMB 292,899,915.40 in 2014[18]. - The net profit after deducting non-recurring gains and losses was RMB 99,377,781.00, up 27.28% from RMB 78,079,498.92 in the previous year[18]. - Basic earnings per share increased by 5.56% to CNY 0.38 in 2015 compared to CNY 0.36 in 2014[19]. - The total profit reached CNY 136.86 million, reflecting a year-on-year increase of CNY 28.84 million or 26.71%[32]. - The company reported a net profit of CNY 119,400,164.79 in the third quarter, indicating a significant recovery compared to previous quarters[22]. - The company achieved a total revenue of CNY 318.53 million in 2015, an increase of CNY 25.63 million or 8.75% year-on-year[32]. Assets and Liabilities - The company's total assets reached RMB 905,419,828.26, an increase of 8.43% from RMB 835,040,842.20 at the end of 2014[18]. - The total liabilities decreased from RMB 48,471,377.74 to RMB 45,531,349.77, reflecting a reduction of about 6.0%[133]. - The total equity attributable to shareholders increased from RMB 786,569,464.46 to RMB 859,888,478.49, marking a rise of approximately 9.3%[133]. - Cash and cash equivalents at the end of the year were CNY 427,559,795.26, down from CNY 463,344,433.98, reflecting a decrease of 7.7%[146]. - The company's inventory increased from RMB 5,469,501.13 to RMB 7,697,451.51, which is an increase of approximately 40.5%[132]. Cash Flow - The net cash flow from operating activities was RMB 109,974,574.27, a decrease of 10.86% from RMB 123,376,001.47 in 2014[18]. - The company’s cash flow from operating activities showed a net outflow of CNY 47,782,664.98 in the fourth quarter, indicating challenges in cash generation[22]. - The net cash flow from financing activities was negative at CNY -24,000,300.00, compared to a positive CNY 266,444,377.80 in the previous year, indicating a significant change in financing strategy[146]. - The net increase in cash and cash equivalents for the year was -41,151,222.45 RMB, contrasting with a substantial increase of 306,321,035.38 RMB in the prior year[149]. Dividends and Profit Distribution - The company proposed a cash dividend of RMB 1.15 per 10 shares, totaling RMB 30,667,050.00, which is 30.50% of the net profit attributable to shareholders[2]. - In 2015, the company distributed cash dividends of 1.15 yuan per 10 shares, an increase from 0.90 yuan in 2014, reflecting a growth rate of approximately 27.78%[61]. - The profit distribution includes a surplus reserve extraction of 7,992,170 RMB and a distribution to shareholders of -9,200,000 RMB[163]. Business Operations and Strategy - The company is developing the Changbai Mountain International Hot Spring Resort project, which aims to transform tourism from "sightseeing" to "leisure vacation"[31]. - The company holds a 20-year exclusive operating right for three transportation routes within the Changbai Mountain scenic area, enhancing its competitive advantage[27]. - The company is focusing on diversifying its tourism business, with ongoing investments in the Changbai Mountain International Hot Spring Resort project[51]. - The company plans to expand its market by developing special tourism projects and camping sites in the southern and western scenic areas of Changbai Mountain[53]. - The company is transitioning its marketing strategies towards internet and mobile platforms to improve customer engagement and sales[53]. Risk Management - The company has outlined potential risks in its management discussion and analysis section, urging investors to pay attention[4]. - The company faces risks related to macroeconomic changes that could impact tourism demand and revenue growth[54]. - The company acknowledges potential risks from regulatory changes affecting tax burdens and operational costs due to the "VAT reform" policy[55]. Shareholder and Management Information - The company has committed to avoiding competition with its subsidiaries and ensuring fair market practices in related transactions[66]. - The company has a total of 36,000,000 restricted shares that were released for public trading on August 24, 2015[87]. - The total remuneration for all directors, supervisors, and senior management during the reporting period amounted to 1.1774 million yuan[109]. - The company’s board of directors is responsible for determining the remuneration of senior management[109]. - The reporting period saw no changes in the positions of directors, supervisors, or senior management[110]. Compliance and Audit - The domestic accounting firm, Xinyong Zhonghe, was retained with an audit fee of 400,000 RMB for a six-year term[78]. - The internal control audit report confirmed that the company maintained effective financial reporting internal controls in all significant aspects[123]. - There were no penalties imposed by securities regulatory authorities in the past three years[111]. Employee Information - The total number of employees in the parent company and major subsidiaries is 704, with 677 in the parent company and 27 in subsidiaries[112]. - Employee training programs were conducted focusing on professional skills and management capabilities, enhancing overall workforce quality[114].