Bossco(SZ:300422)2016-04-26 16:00Financial Performance - Total revenue for Q1 2016 was CNY 102,144,169, representing a 30.54% increase compared to CNY 78,246,134 in the same period last year[8]. - Net profit attributable to shareholders was CNY 4,333,745, a 2.86% increase from CNY 4,213,416 in the previous year[8]. - Basic earnings per share decreased by 25% to CNY 0.03 from CNY 0.04 in the same period last year[8]. - Operating revenue for Q1 2016 was ¥102,144,169.00, a 30.54% increase compared to ¥78,246,134.51 in Q1 2015, driven by more completed environmental projects[27]. - Operating costs increased by 33.95% to ¥71,334,521.77, reflecting higher project costs[27]. - The company achieved operating revenue of 102,144,169.00, a year-on-year increase of 30.54% due to the completion of environmental projects[30]. - The company reported a significant increase in government subsidies, with non-operating income rising to 2,212,357.46, a 4066.40% increase[30]. - The company reported a net profit attributable to shareholders of the parent company of CNY 4,333,745.01, slightly up from CNY 4,213,416.40, representing a growth of 2.9%[77]. Cash Flow and Liquidity - The net cash flow from operating activities improved by 71.35%, reaching CNY -16,849,558 compared to CNY -58,812,866 in the previous year[8]. - Cash and cash equivalents decreased by 36.26% to ¥109,111,750.35 from ¥171,187,606.00 due to cash payments[26]. - Operating cash flow net amount was -CNY 16,849,558.46, an improvement from -CNY 58,812,866.78 in the previous period[83]. - The company received CNY 95,768,657.18 from sales of goods and services, a substantial increase from CNY 58,483,681.98 in the previous period[82]. - The total cash and cash equivalents at the end of the period were 32,870,397.49 CNY, down from 140,452,373.77 CNY at the beginning of the period[87]. Assets and Liabilities - The company's total assets increased by 1.24% to CNY 1,054,938,569.47 from CNY 1,042,039,375.55 at the end of the previous year[8]. - The company's total current liabilities decreased from RMB 646.25 million to RMB 632.11 million[69]. - The company's total liabilities decreased to CNY 508,094,054.51 from CNY 536,697,350.31, a decrease of 5.3%[74]. - The company's cash and cash equivalents decreased from RMB 171.19 million at the beginning of the period to RMB 109.11 million by the end of the reporting period[68]. Shareholder Information - The top shareholder, Wang Shuangfei, holds 23.78% of the shares, with a total of 30,266,100 shares pledged[20]. - The company has a total of 10,876 common shareholders as of the report date[20]. - The company reported a lock-up period for shareholders of 36 months from the date of listing on the stock exchange[47]. - Shareholders are committed to not transferring or entrusting their shares during the lock-up period, ensuring stability in shareholding[48]. Risks and Challenges - The company faces risks from intensified market competition, with gross profit margins decreasing from 35.90% in 2013 to 30.16% in Q1 2016[11]. - The company faces potential risks in production organization and fund operation management due to seasonal revenue fluctuations[18]. - The company has a significant demand for working capital due to the long execution cycles of its projects, which may lead to risks of insufficient working capital in the future[15]. Investment and Development - The company plans to raise funds through a non-public offering for PPP project construction, which may involve uncertainties related to policy and market conditions[12]. - The company is focusing on expanding its services in municipal areas and exploring BOT, PPP, and third-party governance models[39]. - The company is committed to maintaining its competitive advantage in technology R&D and engineering implementation[40]. - The company is increasing R&D investment in areas such as heavy metal pollution treatment and urban black-odor water body governance[40]. Future Outlook - The company provided a future outlook projecting a revenue growth of 25% for the next quarter, driven by new product launches and market expansion strategies[46]. - The company has set a performance guidance of 1.8 billion CNY for Q2 2016, indicating a strong growth trajectory[46]. - New product lines are expected to contribute an additional 200 million CNY in revenue by the end of 2016[46].