BCC(SZ:002455)2016-10-26 16:00Financial Performance - Net profit attributable to shareholders increased by 197.34% year-on-year to ¥31,158,121.49, while operating income decreased by 3.68% to ¥523,277,078.85[8]. - The net profit attributable to shareholders after deducting non-recurring gains and losses decreased by 62.76% to ¥3,675,908.36[8]. - Basic earnings per share rose by 250.00% to ¥0.07, while diluted earnings per share also increased by 250.00% to ¥0.07[8]. - The weighted average return on net assets improved to 3.84%, up from 2.50% in the previous year[8]. - Net profit rose by 62.50% to ¥61.83 million, driven by increased non-operating income[18]. - The expected net profit growth is not classified as a turnaround situation, indicating consistent operational performance[24]. Cash Flow and Assets - The net cash flow from operating activities for the year-to-date period was ¥180,137,904.83, a decrease of 44.40% compared to the previous year[8]. - Operating cash flow decreased by 44.40% to ¥180.14 million mainly due to reduced sales[18]. - Total assets at the end of the reporting period reached ¥1,893,301,957.48, an increase of 0.08% compared to the end of the previous year[8]. - Accounts receivable decreased by 37.65% to ¥102.74 million due to the company's adoption of note settlement and reduced sales[17]. - Prepayments increased by 50.43% to ¥93.04 million primarily due to increased amounts for prepaid purchases[17]. - Other receivables decreased by 82.30% to ¥323.52 thousand due to a reduction in subsidy receivables[17]. - Long-term equity investments surged by 11,582.83% to ¥116.83 million as a result of investments in Wuxi Times Baichuan and Jiangsu Haiji New Energy[17]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 36,898[12]. - The largest shareholder, Zheng Tiejiang, holds 34.66% of the shares, amounting to 164,320,000 shares, with 123,240,000 shares pledged[12]. - The company’s stock reduction by directors and senior management in the first half of 2015 amounted to 10% of their total holdings, with commitments to increase their holdings subsequently[23]. - The company has implemented a share transfer restriction for its major shareholders, limiting annual transfers to 25% of their total holdings[24]. Tax and Expenses - The company reported a 75.63% increase in income tax expenses to ¥22.72 million due to higher total profits[18]. - Cash received from tax refunds decreased by 50.66% to ¥22.06 million, primarily due to reduced export tax rebates[18]. - The company reported non-recurring gains and losses totaling ¥30,953,099.90 for the year-to-date period[9]. Governance and Compliance - There were no significant changes in the company's accounting policies or restatements of previous years' financial data[8]. - There are no violations regarding external guarantees during the reporting period, indicating a stable financial management approach[25]. - The company has not experienced any non-operating fund occupation by controlling shareholders or their affiliates during the reporting period, reflecting good governance practices[26]. - The company has committed to not engage in any business that constitutes a competitive relationship with its own operations, ensuring that no direct or indirect business competition arises[23]. - The company has not conducted any research, communication, or interview activities during the reporting period, suggesting a focus on internal operations[27]. Future Plans - The company plans to raise funds through a non-public stock issuance, which is currently in preparation[19]. - The company increased its investment in Jiangsu Haiji New Energy, raising its total stake to 38.33%[19]. - The increase in net profit is primarily due to the valuation gains from the investment in Jiangsu Haiji New Energy Co., Ltd., following the approval of a capital increase at the second extraordinary general meeting on July 28, 2016[24].