BOSUN(SZ:002282)2015-08-17 16:00Financial Performance - The company's operating revenue for the first half of 2015 was ¥244,396,372.33, a decrease of 11.95% compared to ¥277,568,063.93 in the same period last year[19]. - The net profit attributable to shareholders of the listed company was ¥15,772,744.35, down 15.86% from ¥18,744,735.03 in the previous year[19]. - The net profit after deducting non-recurring gains and losses was ¥10,225,233.85, a decline of 39.08% compared to ¥16,784,815.88 in the same period last year[19]. - The net cash flow from operating activities was ¥35,122,316.17, which is a decrease of 25.39% from ¥47,073,498.02 in the previous year[19]. - Basic earnings per share were ¥0.05, down 37.50% from ¥0.08 in the same period last year[19]. - Operating profit for the first half was 15.25 million yuan, a decrease of 26.34% from 20.70 million yuan in the previous year[30]. - The company aims to complete 42.57% of its annual revenue target of 574.05 million yuan in the first half of 2015[33]. - The company reported a total profit of CNY 19,364,339.40, down 16.71% from CNY 23,063,628.14 in the previous year[131]. - The current period's total comprehensive income decreased by 1,530,200.00, resulting in a total comprehensive income of 15,772,744.35[145]. Revenue Breakdown - Domestic market sales revenue fell by 27.89% to 109.51 million yuan, while international market sales revenue increased by 7.38% to 134.51 million yuan[30]. - The company's revenue from electric tools was 41,041,286.01 CNY, a decrease of 11.88% compared to the previous year, with a gross margin of 18.20%[36]. - The revenue from alloy tools was 13,033,368.64 CNY, down 32.24% year-on-year, with a gross margin of 8.87%[36]. - Domestic sales revenue was 109,508,699.47 CNY, a decline of 27.89% year-on-year, with a gross margin of 22.87%[36]. - Export sales revenue reached 134,510,843.79 CNY, an increase of 7.38% compared to the previous year, with a gross margin of 38.86%[36]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,033,685,468.19, an increase of 1.98% from ¥1,013,630,696.41 at the end of the previous year[19]. - The net assets attributable to shareholders of the listed company were ¥789,699,603.31, a decrease of 1.04% from ¥797,999,103.65 at the end of the previous year[19]. - Total liabilities increased to ¥243,985,864.88 from ¥215,631,592.76, representing a growth of about 13.1%[124]. - The company's equity attributable to shareholders decreased to ¥789,699,603.31 from ¥797,999,103.65, a reduction of approximately 1.0%[125]. - The company reported a significant increase in accounts payable, which rose to ¥96,645,254.77 from ¥70,418,400.15, reflecting a growth of approximately 37.2%[124]. Cash Flow - The net cash flow from operating activities for the current period is ¥35,122,316.17, a decrease of 25.4% compared to ¥47,073,498.02 in the previous period[138]. - Total cash inflow from operating activities is ¥243,506,177.98, down from ¥288,189,507.95, reflecting a decline of 15.5%[138]. - Cash outflow from operating activities decreased to ¥208,383,861.81 from ¥241,116,009.93, a reduction of 13.6%[138]. - The net cash flow from investing activities is -¥12,465,319.54, compared to ¥15,314,633.45 in the previous period, indicating a significant decline[139]. - Cash inflow from financing activities increased to ¥138,260,547.50 from ¥124,305,000.00, representing an increase of 11.5%[139]. Investments and Projects - The company plans to invest 2 million USD in its wholly-owned subsidiary, Pioneer Tools, to establish a high-end diamond tool R&D and manufacturing center in South Korea[28]. - The high-speed train brake pad project has made progress, with successful testing of the braking performance of the new product and submission for product trial certification[27]. - The company completed the relocation of major production and office facilities and began leasing out some vacant areas, with plans to increase occupancy rates[27]. Shareholder Information - The profit distribution plan for 2014 included a cash dividend of ¥1 per 10 shares, totaling ¥22.542 million, with a capital reserve increase of 5 shares for every 10 shares held[59]. - As of the end of the reporting period, the total share capital has increased to 338,130,000 shares following the implementation of the profit distribution plan[60]. - The company has not planned any cash dividends or stock bonuses for the semi-annual period[62]. - The total number of common shareholders at the end of the reporting period is 27,931[107]. - The largest shareholder, Chen Huairong, holds 13.77% of the shares, amounting to 46,547,640 shares[108]. Compliance and Governance - The company has not engaged in any asset acquisitions, sales, or mergers during the reporting period[72][73][74]. - The company has not implemented any stock incentive plans during the reporting period[75]. - There were no significant litigation or arbitration matters during the reporting period[68]. - The company has no significant related party transactions during the reporting period[81]. - The company has no major contracts or transactions that significantly impacted its profit during the reporting period[88]. Accounting and Reporting - The financial statements are prepared based on the assumption of going concern, indicating the company's ability to continue operations for at least 12 months from the reporting date[165]. - The company adheres to the Chinese Accounting Standards, ensuring that its financial reports accurately reflect its financial position and operating results[167]. - The company's accounting period runs from January 1 to December 31 each year, with a normal operating cycle defined as 12 months[168][169]. - The company maintains a record-keeping currency of RMB, with foreign subsidiaries converting their financial statements into RMB for reporting purposes[170][171].