HBIS Resources (SZ:000923)2016-06-17 03:46Financial Performance - The company's operating revenue for 2015 was ¥254,851,159.09, representing a 4.62% increase compared to ¥243,601,279.75 in 2014[19]. - The net profit attributable to shareholders in 2015 was ¥697,627.82, a significant turnaround from a loss of ¥72,063,908.59 in 2014, marking an increase of ¥72,761,536.41[19]. - The basic earnings per share for 2015 was ¥0.004, a decrease of 80.95% from ¥0.021 in 2014[19]. - The company reported a net profit excluding non-recurring gains and losses of -¥28,549,081.31, a reduction in loss by ¥78,431,444.53 compared to -¥106,980,525.84 in 2014[19]. - The total operating revenue for the year was ¥254,851,159.09, representing a year-on-year increase of 4.62% from ¥243,601,279.75[39]. - The total revenue for the year was 196,019,073.12 CNY, a decrease of 17.45% compared to the previous year[46]. - The company reported a net cash flow from operating activities of -84,170,601.18 CNY, a decrease of 58,245,551.28 CNY year-on-year[52]. - The company reported a comprehensive loss of -28,911,432.65 CNY for the current period, impacting the total equity[184]. Assets and Liabilities - The total assets at the end of 2015 were ¥1,460,803,499.34, showing a slight decrease of 0.30% from ¥1,465,196,382.24 at the end of 2014[19]. - The total liabilities increased to CNY 1,039,591,473.35 from CNY 1,015,770,551.42, reflecting a rise of approximately 2.5%[174]. - The total non-current assets amounted to ¥500,000,000, with fixed assets valued at ¥432,625,177.23[172]. - The total equity attributable to the parent company at the end of the period was 421,212,025.99 CNY, reflecting a decrease from the previous period[187]. - The company's total equity at the end of the reporting period was RMB 198,000,000, with a decrease of RMB 73,100,554.04 during the current period[194]. Cash Flow - The net cash flow from operating activities was -84,170,601.18 CNY, indicating a decrease compared to the previous year's -25,925,049.90 CNY[180]. - Total cash inflow from investment activities was 40,366,824.35 CNY, while cash outflow was 11,199,566.51 CNY, resulting in a net cash flow of 29,167,257.84 CNY[181]. - Cash inflow from financing activities amounted to 839,670,520.91 CNY, with cash outflow of 797,414,280.50 CNY, leading to a net cash flow of 42,256,240.41 CNY[181]. - The total cash and cash equivalents at the end of the period were 50,852,174.25 CNY, down from 63,599,277.18 CNY at the beginning of the period[181]. Revenue Sources - Revenue from the specialized equipment manufacturing industry accounted for 98.28% of total revenue, with a year-on-year increase of 6.33%[39]. - Domestic revenue reached ¥231,278,253.21, a significant increase of 46.70% compared to the previous year[39]. - The revenue from bulldozers dropped by 55.41% to ¥82,403,418.16, while the revenue from self-made semi-finished products surged by 56.82% to ¥162,398,297.44[39]. Research and Development - The company applied for and was granted 18 patents during the reporting period, strengthening its core competitive advantages[30]. - Research and development expenses amounted to 2,946,308.10 CNY, representing 1.16% of total revenue, an increase of 38.51% from the previous year[51]. Corporate Governance - The company has engaged Lianda Accounting Firm for auditing services, with a fee of 250,000 CNY for the year[91]. - The independent directors have fulfilled their responsibilities by providing independent opinions on the profit distribution proposals[79]. - The company has maintained consistent accounting policies and estimates with no changes reported for the year[88]. - The financial report indicates that the company has a robust governance structure with experienced professionals in key positions[143]. Shareholder Information - The total number of shares after the recent changes is 198,000,000, with 197,999,100 shares being unrestricted and 900 shares being restricted[119]. - The largest shareholder, Hebei Xuanhua Engineering Machinery Development Co., Ltd., holds 35.54% of the shares, totaling 70,369,667 shares[122]. - The company has not issued any new shares or conducted any stock buybacks during the reporting period[124]. Future Plans and Strategies - The company plans not to distribute cash dividends or issue bonus shares[6]. - The company aims to enhance its core competitiveness by focusing on three business segments: "main business, diversification, and cast iron" in 2016[72]. - The company intends to develop personalized products such as environmental protection and desert-type bulldozers, and small remote-controlled excavators to meet custom demands[73]. - The company is pursuing a major asset restructuring to acquire synergistic enterprises, aiming to improve asset quality and profitability[73]. Market Risks - The company faces market risks due to reliance on domestic sales, which may be impacted by macroeconomic slowdowns affecting the engineering machinery industry[72].