博敏电子(603936) - 2016 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of 2016 was ¥609,056,514.61, representing an increase of 18.29% compared to ¥514,873,159.11 in the same period last year[19] - The net profit attributable to shareholders for the first half of 2016 was ¥25,993,500.54, a decrease of 19.25% from ¥32,189,158.21 in the previous year[19] - The net cash flow from operating activities decreased by 57.19%, amounting to ¥27,987,393.29 compared to ¥65,380,238.13 in the same period last year[19] - The basic earnings per share for the first half of 2016 was ¥0.155, down 39.45% from ¥0.256 in the same period last year[20] - The diluted earnings per share also stood at ¥0.155, reflecting the same percentage decrease of 39.45% compared to the previous year[20] - The weighted average return on net assets decreased by 3.04 percentage points to 2.88% from 5.92% in the previous year[21] - The total profit for the current period was ¥28,539,729.80, down 17.2% from ¥34,473,364.10 in the previous period[90] - The company reported a significant increase in other non-current assets to ¥100,357,362.36 from ¥44,725,074.41, representing a growth of about 124.9%[84] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,798,574,800.77, a slight increase of 0.75% from ¥1,785,204,668.61 at the end of the previous year[19] - The net assets attributable to shareholders at the end of the reporting period were ¥906,865,424.47, an increase of 1.98% from ¥889,239,423.93 at the end of the previous year[19] - Current liabilities totaled ¥801,742,619.67, compared to ¥787,463,323.88, indicating an increase of about 1.6%[84] - Total liabilities decreased slightly to ¥891,709,376.30 from ¥895,965,244.68, a reduction of approximately 0.5%[84] - The company's total current assets amount to 762,096,498.29 RMB, a decrease from 882,036,324.42 RMB at the beginning of the period[82] Cash Flow - Cash generated from operating activities was ¥591,174,152.02, an increase of 54.8% compared to ¥382,209,272.77 in the previous period[96] - The company reported a significant decrease in net cash flow from operating activities, down 57.19% to RMB 27.99 million[32] - The total cash and cash equivalents at the end of the period stood at CNY 46,602,417.24, down from CNY 158,488,500.69 at the beginning of the period[99] - The company reported a decrease in cash and cash equivalents of CNY -111,886,083.45, compared to a decrease of CNY -41,369,401.09 in the previous period[99] Shareholder Information - The company distributed cash dividends of RMB 0.5 per share, totaling RMB 8.37 million, which is 13.73% of the audited net profit for 2015[48] - Major shareholders Xu Huan and Xie Xiaomei are committed to not reducing their holdings by more than 10% of their total shares each year after the lock-up period[63] - The company plans to distribute cash dividends to shareholders not less than 10% of the distributable profits each year, with a cumulative minimum of 40% over three years[64] - The total number of shareholders at the end of the reporting period was 31,888, with no changes in share capital structure[73] Investment and Subsidiaries - The company established a wholly-owned subsidiary, Bomin Investment Co., Ltd., with an investment of RMB 50 million on April 27, 2016[41] - The company invested RMB 30 million to subscribe for 3 million shares in Zhongtian Yinkong Technology Co., Ltd. as of May 23, 2016[41] - As of June 30, 2016, the total assets of the wholly-owned subsidiary Shenzhen Bomin amounted to RMB 262.60 million, with a net profit of RMB 600,500 during the reporting period[45] - The total assets of the controlling subsidiary Jiangsu Bomin reached RMB 648.75 million, but it reported a net loss of RMB 5.18 million for the reporting period[46] Operational Performance - The operating cost increased by 24.75% to RMB 508.79 million, primarily due to the rise in sales volume[32] - Domestic sales revenue grew by 14.70% to RMB 468.40 million, while overseas sales increased by 26.96% to RMB 120.98 million[39] - The gross profit margin for the printed circuit board (PCB) segment decreased by 4.59 percentage points to 14.80%[37] Corporate Governance - The company has committed to ensuring reasonable returns for shareholders while promoting sustainable development[48] - The company will not engage in any business that competes with its subsidiaries, ensuring no conflict of interest[65] - The company appointed Lixin Certified Public Accountants (Special General Partnership) for the 2016 financial audit, ensuring stability and continuity in audit work[67] Accounting Policies - The company adheres to the accounting standards set by the Ministry of Finance, ensuring that financial statements accurately reflect its financial position and operating results[134] - The company’s accounting currency is Renminbi (RMB)[137] - The company recognizes financial assets at fair value and measures them at amortized cost subsequently[157] - The company uses the weighted average method for inventory valuation upon issuance[168] Future Outlook - The company is focusing on expanding its market presence and enhancing product development capabilities to improve competitiveness[35] - The company plans to invest RMB 300.45 million in the high-end printed circuit board industrialization project, with RMB 2.68 million already invested[44]