TIANMA TECH(SH:603668)2017-05-03 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 92.99 million yuan, reflecting a year-on-year growth of 21.24%[50] - The net profit attributable to the parent company was 80.29 million yuan, up 21.57% compared to the previous year[50] - The company achieved operating revenue of 843.66 million yuan, a year-on-year increase of 4.34%[50] - The total comprehensive income for 2016 was CNY 90,494,373.53, which is the same as the net profit, indicating no other comprehensive income items were reported[188] 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 net cash flow from operating activities decreased significantly by 77.38%, amounting to 32,299,033.03 RMB compared to 142,784,090.35 RMB in the previous year[52] - The company reported a net cash outflow from investing activities of CNY 38,977,929.26 in 2016, an improvement from a net outflow of CNY 149,423,170.66 in the previous year[191] - Cash inflow from financing activities totaled CNY 243,960,470.97 in 2016, compared to CNY 221,995,722.49 in 2015, marking an increase of about 9.1%[191] - The cash outflow for financing activities was CNY 135,763,977.19, a decrease from CNY 172,451,621.67, suggesting a reduction in financing costs[194] 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] - Total liabilities rose to ¥524,952,436.91 from ¥458,453,656.97, an increase of approximately 14.5%[180] - Owner's equity increased to ¥458,880,179.93 from ¥390,433,190.72, showing a growth of about 17.5%[181] - The company reported a significant increase in retained earnings to ¥214,991,294.48 from ¥167,106,705.84, representing a growth of approximately 28.7%[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] - The cash dividend distribution for 2016 represents 21.12% of the net profit attributable to ordinary shareholders[93] - The top shareholder, Chen Qingtang, holds 61,095,750 shares, representing 38.43% of the total shares[125] - The company has established strict compliance measures for shareholders who violate their commitments regarding share reductions[96] Research and Development - The company applied for 21 invention patents during the reporting period, indicating a strong focus on innovation[43] - The company emphasizes the importance of technological R&D as a core competitive advantage in the high-end special aquatic feed sector, which has high entry barriers[76] - Total R&D investment amounted to 32.3149 million yuan, representing 3.83% of operating revenue, with 39 R&D personnel making up 10.29% of the total workforce[65] Market and Product Development - The company is actively expanding its product offerings and market presence in the special aquatic feed sector, aiming to enhance its competitive edge[25] - The company has developed a comprehensive range of feed products covering all stages of artificial breeding for various aquatic species, including eels, turtles, and sturgeons[25] - The company is focusing on expanding its market presence and exploring potential mergers and acquisitions to enhance growth[144] Operational Efficiency - The company has established a "center + subsidiary" operational model, which includes procurement, production management, R&D, finance, marketing services, and human resources centers[28] - The company’s centralized procurement model accounts for over 90% of its total raw material procurement, effectively controlling quality and reducing operational risks[28] - The company has implemented cost control measures, resulting in a decrease in financial expenses to CNY 17,541,486.76 from CNY 19,196,149.88[184] Compliance and Governance - The company received a standard unqualified audit opinion for its financial statements for the year ended December 31, 2016[171] - The company has established a comprehensive information disclosure management system to ensure accurate and timely communication with shareholders[160] - The company's governance structure complies with relevant laws and regulations, ensuring independent operation of the board and supervisory committee[157] Social Responsibility - The company has committed to fulfilling its social responsibilities, focusing on providing safe, efficient, and environmentally friendly feed products for the aquaculture industry[115] - The company donated 300,000 RMB to the Fuzhou Charity Association during the reporting period, reflecting its commitment to social responsibility[118]