BOSUN(SZ:002282)2014-10-30 16:00Financial Performance - Net profit attributable to shareholders was CNY 10,169,411.87, an increase of 125.76% year-on-year [7]. - Operating revenue for the reporting period was CNY 160,353,137.59, reflecting a growth of 2.14% compared to the same period last year [7]. - Basic earnings per share were CNY 0.05, up 150.00% compared to the previous year [7]. - The net cash flow from operating activities reached CNY 76,023,925.47, representing a significant increase of 179.71% year-on-year [7]. - The significant increase in net profit is attributed to improved management, cost control, and a recovery in the profitability of the main business [22]. - The net profit attributable to shareholders for 2014 is expected to range from 25.82 million to 33.88 million RMB, representing a growth of 60.00% to 110.00% compared to 16.14 million RMB in 2013 [22]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,064,525,431.11, a decrease of 1.42% compared to the end of the previous year [7]. - Accounts receivable increased by 153.83% to ¥2,839,315.80 due to higher sales collection [15]. - Other receivables decreased by 31.07% to ¥32,177,509.09 as a result of recovering loans from Tian Tong Light Vehicle and Tian Tong Automotive [15]. - Short-term borrowings decreased by 42.29% to ¥75,086,172.40 primarily due to repayment of bank loans [15]. - The company has recovered part of the outstanding receivables from Tian Tong Automotive, with ¥2,200,900 still pending [17]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 18,167 [10]. - The top ten shareholders held a combined 58.72% of the company's shares, with the largest shareholder holding 13.77% [11]. - The company has engaged in a repurchase agreement involving 1,360,000 shares, accounting for 0.6% of the total share capital [12]. Cash Flow and Investments - Cash flow from operating activities increased by 179.71% to ¥76,023,925.47 driven by increased sales collections [15]. - The company’s cash flow from investing activities decreased by 84.38% to ¥14,033,635.76, impacted by last year's equity disposal [15]. - Investment income dropped by 107.00% to -¥2,072,360.91 due to significant gains from equity transfers in the previous year [15]. - Financial expenses decreased by 60.72% to ¥6,393,021.24 mainly due to reduced interest expenses from loan repayments [15]. Accounting and Policy Changes - The company has implemented a change in accounting policy regarding long-term equity investments, affecting the classification of certain assets without impacting total assets or net profit [16]. - The company has established a diamond tool manufacturing base in Thailand, significantly reducing anti-dumping risks for products originating from China [17]. Previous Year Performance - The company faced a reduction in net profit in 2013 due to provisions for bad debts related to loans from Tian Tong Auto Manufacturing and Tian Tong Light Auto, which impacted the previous year's earnings [22]. - The weighted average return on equity was 1.28%, a decrease of 0.88% from the previous year [7].