厚普股份(300471) - 2016 Q2 - 季度财报

Financial Performance - Total operating revenue for the reporting period was ¥460,326,947.40, an increase of 5.21% compared to ¥437,517,378.05 in the same period last year[15]. - Net profit attributable to ordinary shareholders decreased by 10.65% to ¥59,264,402.19 from ¥66,329,177.97 year-on-year[15]. - Net profit after deducting non-recurring gains and losses fell by 32.11% to ¥43,008,893.62 compared to ¥63,352,968.78 in the previous year[15]. - Basic earnings per share decreased by 31.80% to ¥0.4010 from ¥0.5880 year-on-year[15]. - The total profit amounted to ¥69,464,512.77, a decrease of 12.26% compared to the previous year[37]. - Net profit was ¥59,197,530.52, down 10.75% year-on-year[37]. - The company achieved total revenue of approximately CNY 460.33 million and a net profit of CNY 59.20 million during the reporting period, against a target of at least CNY 1.32 billion in revenue and CNY 180 million in net profit[50]. Cash Flow and Liquidity - The net cash flow from operating activities was -¥166,879,537.59, a slight improvement of 1.88% from -¥170,069,694.54 in the same period last year[15]. - The company reported a net cash flow per share from operating activities of -¥1.1278, improving by 52.72% from -¥2.390 in the previous year[15]. - Cash inflow from operating activities was ¥267,945,096.98, down from ¥279,386,000.89 in the previous period, indicating a decline of approximately 4.8%[136]. - The ending balance of cash and cash equivalents was ¥671,274,285.03, down from ¥793,698,485.67 in the previous period, reflecting a decrease of approximately 15.4%[138]. - The company experienced a net increase in cash and cash equivalents of -¥389,004,848.91, contrasting with an increase of ¥464,879,657.24 in the previous period[138]. Assets and Liabilities - Total assets at the end of the reporting period were ¥2,197,044,403.14, down 6.67% from ¥2,354,157,767.99 at the end of the previous year[15]. - Total current liabilities decreased from CNY 858,896,084.09 to CNY 700,621,849.85, a reduction of approximately 18.43%[123]. - Total liabilities decreased from CNY 884,605,234.09 to CNY 709,657,075.16, a decrease of about 19.7%[123]. - Total equity increased from CNY 1,469,552,533.90 to CNY 1,487,387,327.98, an increase of approximately 1.21%[124]. Investments and Acquisitions - The company acquired Chongqing Xinyu and established a joint venture, Hunan Houp, to promote the LNG clean energy industry in the shipping sector[29]. - The company completed the acquisition of 85.28% equity in Sichuan Hongda for a transaction price of 44.115 million CNY, which is expected to impact the company's performance positively[76]. - The company has completed strategic acquisitions of several companies, enhancing its position in the natural gas industry chain[37]. Research and Development - The company applied for 11 patents during the reporting period, including 2 invention patents and 9 utility model patents, and received 21 patents[30]. - The company’s research and development investment was ¥27,638,930.44, a decrease of 4.55% year-on-year[33]. - The company is actively developing new products, including hydrogen refueling devices and intelligent gasification stations, with some products already in small-scale production[45]. Market and Sales - Revenue from LNG filling station equipment was ¥303,372,473.38, with a gross margin of 37.11%, showing a 3.70% increase in revenue but a 3.31% decrease in gross margin compared to last year[39]. - Revenue from CNG filling station equipment was ¥79,594,529.98, with a gross margin of 57.43%, reflecting a 12.31% increase in revenue and a 2.55% increase in gross margin year-on-year[39]. - The company is focusing on R&D projects, with several new products achieving market promotion and others in the prototype manufacturing stage[45]. Shareholder and Dividend Information - The company plans not to distribute cash dividends or issue bonus shares[6]. - The company has not proposed any cash dividend distribution plan for the current reporting period despite having positive undistributed profits[70]. - The controlling shareholder will use no less than 50% of the cash dividends received from the company in the previous year for stock repurchase, with a minimum of 8 million yuan allocated[93]. Corporate Governance and Compliance - There were no significant litigation or arbitration matters during the reporting period[75]. - The company has not made any changes to the fundraising projects during the reporting period[61]. - The company has established a stock price stabilization plan to protect investors' interests within three years post-IPO[91]. Future Outlook and Strategy - The company plans to increase the proportion of natural gas in China's primary energy consumption to around 15% by 2030, reflecting a significant shift towards cleaner energy sources[49]. - The company intends to actively pursue mergers and acquisitions of quality enterprises to improve its product chain and market competitiveness[94]. - The company aims to strengthen international market development and expand its user base, particularly in the LNG application market[94].