BESTWAY(SZ:300008)2015-04-23 16:00Financial Performance - Total revenue for Q1 2015 reached ¥243,480,462.05, representing a 153.96% increase compared to ¥95,871,995.40 in the same period last year[8] - Net profit attributable to shareholders was ¥6,183,998.38, up 96.65% from ¥3,144,706.29 year-on-year[8] - Basic earnings per share increased by 78.57% to ¥0.025 from ¥0.014 in the previous year[8] - The company achieved operating revenue of RMB 243.48 million, representing a 153.96% increase compared to the same period last year, driven by growth in shipbuilding and marine engineering design, as well as new natural gas sales business[21] - Net profit for Q1 2015 was ¥4,690,079.22, up from ¥2,490,386.28 in Q1 2014, reflecting a year-over-year growth of approximately 88.5%[54] - The net profit attributable to shareholders of the parent company was ¥6,183,998.38, compared to ¥3,144,706.29 in the previous year, marking a growth of about 96.9%[54] - Earnings per share for Q1 2015 were ¥0.025, an increase from ¥0.014 in Q1 2014[54] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,371,240,423.95, a 3.99% increase from ¥1,318,636,913.17 at the end of the previous year[8] - Total assets as of the end of Q1 2015 amounted to ¥874,561,246.62, compared to ¥862,109,520.78 at the end of the previous year[50] - Total liabilities rose from RMB 476,407,630.41 to RMB 519,901,629.58, an increase of about 9.11%[46] - Total liabilities increased to ¥42,735,500.64 from ¥39,073,584.26, indicating a rise in the company's obligations[50] Cash Flow - The company reported a net cash flow from operating activities of -¥70,541,276.29, worsening from -¥43,232,221.14 in the same period last year[8] - Cash inflow from operating activities amounted to CNY 138,402,609.82, significantly higher than CNY 53,700,022.05 in the previous period, indicating a growth of approximately 157.5%[60] - The net cash flow from operating activities was negative at CNY -70,541,276.29, worsening from CNY -43,232,221.14 in the previous period[61] - Cash outflow from investing activities totaled CNY 6,577,022.84, a decrease from CNY 28,683,475.87 in the previous period, showing a reduction of approximately 77%[62] - Cash inflow from financing activities was CNY 65,000,000.00, up from CNY 29,300,000.00 in the previous period, representing an increase of approximately 121.5%[62] Shareholder Information - The total number of shareholders at the end of the reporting period was 15,547, with the top shareholder holding 22.57% of the shares[14] - The company distributed a cash dividend of RMB 0.5 per 10 shares, totaling RMB 12,498,583.70, based on a total share capital of 249,971,674 shares as of the end of 2014[40] - The company maintained a cash dividend policy in accordance with its articles of association, ensuring the protection of minority shareholders' rights[40] Operational Developments - The company has successfully acquired 100% of Woking Natural Gas and 80% of Jieneng Transportation, entering the clean energy sector[12] - The company is focusing on the development of clean energy vessels, particularly LNG-powered ships, and high-end marine engineering vessels[25] - The company is advancing its military product certification and enhancing its research, design, and production qualifications[25] Risks and Compliance - The company faces cyclical risks in the shipbuilding and marine engineering industry, influenced by global economic conditions and shipping market dynamics[11] - The company is addressing significant risk factors that may adversely affect future operations and has outlined corresponding response measures[26] - The company aims to minimize and avoid related party transactions after the completion of the equity transaction, ensuring compliance with market principles and fair pricing[30] Investment and Funding - The total amount of raised funds is CNY 47.44 million, with CNY 45.41 million already invested[37] - The company has committed to using the raised funds for operational capital and has not engaged in high-risk investments or provided financial assistance to others[35] - The company has completed 100% of the investment in the acquisition of 100% equity in Woking Natural Gas and 80% equity in Jieneng Transportation[38]