TIANMA TECH(SH:603668)2017-04-04 16:00Financial Performance - The company's operating revenue for 2016 was RMB 843,663,373.78, representing a 4.34% increase compared to RMB 808,604,845.42 in 2015[16] - The net profit attributable to shareholders for 2016 was RMB 80,293,463.34, which is a 21.57% increase from RMB 66,046,600.84 in 2015[16] - The total profit reached CNY 92.99 million, reflecting a year-on-year growth of 21.24%[50] - The net profit attributable to shareholders was CNY 80.29 million, up 21.57% compared to the previous year[50] - The total operating revenue for 2016 reached CNY 843,663,373.78, an increase of 4.1% compared to CNY 808,604,845.42 in the previous year[186] - The net profit for the year was CNY 80,070,738.56, representing a 21.0% increase from CNY 65,862,773.85 in 2015[186] - The total profit for the year 2016 was CNY 102,163,868.34, an increase of 18.2% compared to CNY 86,410,214.26 in the previous year[190] - The net profit for 2016 reached CNY 90,494,373.53, up from CNY 78,432,045.19, reflecting a growth of 15.8% year-over-year[190] Cash Flow - The net cash flow from operating activities decreased by 77.38% to RMB 32,299,033.03 in 2016, down from RMB 142,784,090.35 in 2015[16] - The company's cash flow from operating activities decreased by 77.38%, amounting to 11,048,510 CNY, due to increased cash payments for goods[67] - The net cash flow from operating activities was CNY 32,299,033.03, a decrease of 77.6% from CNY 142,784,090.35 in the previous year[193] - The total cash outflow from operating activities was CNY 778,375,966.41, compared to CNY 614,678,123.62 in the previous year, an increase of 26.7%[193] - The company reported a significant increase in cash received from other operating activities, totaling CNY 31,249,325.41, compared to CNY 15,035,858.72 in the previous year, a growth of 108.5%[193] Assets and Liabilities - The total assets of the company as of the end of 2016 were RMB 983,832,616.84, a 15.90% increase from RMB 848,886,847.69 at the end of 2015[16] - The total liabilities rose to CNY 524,952,436.91 from CNY 458,453,656.97, an increase of approximately 14.5%[182] - The company's total assets increased to CNY 895,787,495.57, compared to CNY 746,816,396.98 in the previous year, marking a growth of 19.9%[185] - Total liabilities rose to CNY 473,684,201.61, up from CNY 400,897,476.55, indicating a 18.1% increase[185] - The company's cash and cash equivalents decreased slightly to ¥141,947,642.75 from ¥142,929,869.10, a decline of about 0.7%[181] Shareholder Information - The company plans to distribute a cash dividend of RMB 0.8 per 10 shares, totaling RMB 16,960,000.00, and to convert capital reserves into additional shares at a ratio of 4 shares for every 10 shares held[2] - In 2016, the company distributed a cash dividend of 0.80 CNY per 10 shares, totaling 16,960,000 CNY, representing 21.12% of the net profit attributable to ordinary shareholders[95] - The top shareholder, Chen Qingtang, holds 61,095,750 shares, representing 38.43% of the total shares[127] - The company has a total of 54 ordinary shareholders at the end of the reporting period, a significant decrease from 32,576 in the previous month[127] Market and Product Development - The company specializes in the research, production, and sales of special aquatic feed, covering a wide range of aquatic species and stages of growth[25] - The core product, eel feed, has maintained the highest sales volume in the country, indicating strong market leadership[25] - The company is focusing on expanding its product offerings, including patented feed for various aquatic species such as eels and sturgeons[26] - The company achieved a significant increase in accounts receivable, rising by CNY 39,735,756.00, which represents a growth of 34,781.48% compared to the beginning of the year[32] - The company’s sales network has been expanded to cover coastal regions from Bohai Bay to Beibu Gulf, actively developing markets in Southwest China and Northeast provinces[47] Research and Development - The company invested over 32 million yuan in the research and development of efficient feed products for eel, grouper, golden pomfret, and large yellow croaker, achieving significant progress[44] - The company has obtained 38 authorized formula invention patents and 1 production process invention patent, enhancing its core competitiveness in the high-end special aquatic feed market[36] - The company plans to increase its workforce by 150 professionals over the next three years as part of its talent development strategy[81] - The company intends to enhance its R&D capabilities by expanding its high-level R&D team and collaborating with universities and research institutions[78] Corporate Governance and Compliance - The company emphasizes the importance of corporate governance and investor relations management to protect shareholder rights[117] - The company has established a comprehensive information disclosure management system to ensure accurate and timely information sharing with shareholders[162] - The board of directors held 8 meetings during the year, with all directors attending in person[165] - The company received a standard unqualified audit opinion from the accounting firm, confirming that the financial statements fairly represent the company's financial position as of December 31, 2016[177] Social Responsibility - The company is committed to fulfilling its social responsibilities, focusing on providing safe and efficient feed products for aquaculture[117] - The company donated 300,000 RMB to the Fuzhou Charity Association during the reporting period, reflecting its commitment to social responsibility[120]