Bossco(SZ:300422)2017-04-26 16:00Financial Performance - Total operating revenue for Q1 2017 reached CNY 215,736,646.57, an increase of 111.21% compared to the same period last year[9]. - Net profit attributable to shareholders was CNY 16,337,250.85, representing a growth of 276.98% year-on-year[9]. - Net profit after deducting non-recurring gains and losses was CNY 14,789,196.85, up 502.69% from the previous year[9]. - Basic earnings per share increased to CNY 0.12, a rise of 300.00% compared to the same period last year[9]. - Operating profit reached CNY 16.97 million, up 523.42% compared to the same period last year[49]. - The total comprehensive income for the first quarter of 2017 was CNY 14,544,818.94, compared to CNY 1,203,295.17 in the previous period[91]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,602,429,833.09, reflecting a 13.27% increase from the end of the previous year[9]. - The company's debt scale increased from CNY 39,120.04 million at the end of 2014 to CNY 155,050.27 million by March 2017, indicating a rising trend in liabilities[15]. - The asset-liability ratio was 65.67% in 2014, 64.58% in 2015, 55.65% in 2016, and 59.58% by March 2017, reflecting a generally high level of financial leverage[15]. - The company's total liabilities rose to CNY 1,550,502,745.25 from CNY 1,278,508,547.85, an increase of approximately 21.23%[80]. - Long-term borrowings increased significantly to CNY 653,140,600.00 from CNY 264,850,000.00, representing a growth of about 146.00%[80]. Cash Flow - The company reported a significant decline in net cash flow from operating activities, amounting to CNY -166,540,173.40, a decrease of 888.39% year-on-year[9]. - Cash inflows from operating activities totaled CNY 98,131,959.94, down from CNY 174,520,711.06 in the previous period, indicating a decrease of approximately 43.7%[94]. - The net cash flow from operating activities was CNY -166,540,173.40, compared to CNY -16,849,558.46 in the previous period, reflecting a significant decline[94]. - The company reported a net increase in cash and cash equivalents of CNY -86,747,721.70, reflecting a 21.41% decrease compared to the previous year[34]. Shareholder Information - The top shareholder, Wang Shuangfei, holds 21.26% of shares, amounting to 30,266,100 shares, with 14,000,000 shares pledged[20]. - The second and third largest shareholders, Xu Kaishao and Song Hainong, each hold 3.48% of shares, totaling 4,950,000 shares, also pledged[20]. Strategic Initiatives - The company plans to issue corporate bonds not exceeding CNY 400 million to enhance financial strength and support long-term development[13]. - The company plans to explore new profit growth points in environmental assessment, third-party governance, monitoring, and after-sales services to mitigate seasonal revenue risks[18]. - The company aims to reduce income volatility by increasing the diversity of its client base and project types in future market expansions[17]. Project Developments - The company secured new orders worth CNY 33,790.62 million during the reporting period, with a total of 127 orders[39]. - The company completed project investments of CNY 32,915.94 million for the PPP project in Suqian, Jiangsu Province[41]. - The company has secured several large projects, including a heavy metal pollution control project with a total investment of approximately RMB 90 million and a PPP project in Huayuan County with a bid amount of approximately RMB 236 million[43]. Research and Development - The company's R&D investment increased by 49.93% to CNY 7,334,835.42, driven by enhanced development efforts for new products[36]. - The company is advancing the research of energy-saving and environmentally friendly sodium chlorate preparation technology, which significantly reduces energy consumption and is environmentally friendly[45]. - The company has developed a high-efficiency biological deodorization system for sewage treatment plants, which is currently in the preliminary design stage[44].