Bohai Ferry (SH:603167)2015-08-23 16:00Financial Performance - The company's operating revenue for the first half of 2015 was RMB 570,508,975.13, representing a 14.49% increase compared to RMB 498,306,464.66 in the same period last year[20]. - The net profit attributable to shareholders of the listed company decreased by 23.60% to RMB 103,341,751.83 from RMB 135,265,136.40 year-on-year[20]. - The net cash flow from operating activities was RMB 197,884,028.92, down 6.67% from RMB 212,026,905.83 in the previous year[20]. - Basic earnings per share decreased by 25.00% to RMB 0.21 from RMB 0.28 in the same period last year[21]. - The weighted average return on net assets decreased by 1.39 percentage points to 3.75% from 5.14% year-on-year[21]. - Operating profit was ¥94,684,237.43, reflecting an 8.03% increase year-over-year[27]. - Operating costs rose by 14.59% to ¥430,210,977.97, attributed to increased costs from the cruise business[28]. - Financial expenses surged by 100.38% to ¥13,567,101.69, mainly due to increased loan interest expenses[29]. - The company reported a decrease in accounts receivable from CNY 18,422,734.10 to CNY 13,242,856.97, a decline of approximately 28.5%[79]. - The company reported a decrease in accounts payable from CNY 36,880,803.01 to CNY 30,394,949.06, a reduction of 17.6%[86]. Assets and Liabilities - The total assets at the end of the reporting period were RMB 3,690,298,389.48, an increase of 4.17% from RMB 3,542,617,796.92 at the end of the previous year[20]. - Current assets totaled CNY 327,949,043.05, up from CNY 255,490,732.15, indicating an increase of about 28.4%[79]. - Total liabilities rose to CNY 943,527,537.40 from CNY 826,978,696.67, marking an increase of around 14.1%[81]. - The total liabilities to equity ratio increased, indicating a higher leverage position compared to the previous period[81]. - The total assets as of June 30, 2015, amounted to CNY 3,690,298,389.48, an increase from CNY 3,542,617,796.92 at the beginning of the period, reflecting a growth of approximately 4.2%[80]. - Total liabilities rose to CNY 567,680,344.45, compared to CNY 450,161,845.87, marking an increase of 26.2%[85]. Shareholder Information - The total number of shareholders as of the end of the reporting period is 28,178[69]. - The largest shareholder, Dalian Ocean Fishery Group Co., Ltd., holds 178,342,661 shares, accounting for 37.05% of total shares[71]. - The second-largest shareholder, Shandong Expressway Group Co., Ltd., reduced its holdings by 9,960,800 shares, holding 23,716,302 shares, which is 4.93% of total shares[71]. - The company has not experienced any changes in accounting policies or significant prior period errors during the reporting period[65]. Dividends and Profit Distribution - The company implemented a cash dividend distribution of 1.5 RMB per 10 shares, totaling 72,210,000 RMB, based on a total share capital of 481,400,000 shares as of December 31, 2014[46]. - The company reported a profit distribution of -72,210,000.00 RMB, indicating a reduction in retained earnings due to dividend payouts[103]. Compliance and Governance - The company has not reported any guarantees or overdue amounts related to guarantees provided to third parties[55]. - The company has established a sound internal control system to ensure safe and stable operations[62]. - The company has maintained compliance with corporate governance standards and improved its governance structure[62]. - The company has not faced any penalties or rectifications during the reporting period[62]. Cash Flow and Investments - The company reported cash inflow from sales of goods and services of CNY 593,411,075.02, which is an increase from CNY 556,079,333.45 in the prior year, representing a growth of approximately 6.7%[93]. - The total operating cash outflow was CNY 452,544,130.26, compared to CNY 440,073,278.87 in the previous year, showing an increase of about 2.5%[94]. - The company incurred investment cash outflows of CNY 162,642,937.50, significantly lower than CNY 503,557,669.00 in the same period last year, indicating a reduction of approximately 67.7%[94]. - The financing cash flow net amount was CNY -4,151,569.67, a significant decrease from CNY 330,058,953.56 in the previous year, reflecting a decline of about 101.3%[95]. Accounting Policies and Practices - The company’s financial statements are prepared in accordance with the relevant accounting standards and accurately reflect its financial position and operating results[116]. - The company recognizes impairment losses for financial assets if there is objective evidence of impairment, with specific criteria for available-for-sale financial assets[142]. - The company employs aging analysis and other methods to estimate bad debt provisions for receivables based on credit risk characteristics[145]. - The company recognizes internal research and development expenditures in two phases: research phase and development phase, with development expenditures capitalized as intangible assets if certain conditions are met[177].