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博迈科(603727) - 2018 Q4 - 年度财报
BOMESCBOMESC(SH:603727)2019-04-26 16:00

Financial Performance - The company achieved a consolidated net profit of RMB 7.1528 million for the year 2018, with the net profit attributable to shareholders also being RMB 7.1528 million[5]. - In 2018, the company's operating revenue was approximately RMB 396.63 million, a decrease of 18.91% compared to RMB 489.14 million in 2017[22]. - The net profit attributable to shareholders was RMB 7.15 million in 2018, down 93.49% from RMB 109.86 million in 2017[22]. - The basic earnings per share dropped to RMB 0.03 in 2018, a decline of 93.62% from RMB 0.47 in 2017[22]. - The weighted average return on equity decreased to 0.30% in 2018, down 4.27 percentage points from 4.57% in 2017[22]. - The net cash flow from operating activities was negative RMB 367.24 million in 2018, compared to negative RMB 156.20 million in 2017[22]. - The total profit for 2018 was 12.15 million yuan, down 90.40% year-on-year, with net profit attributable to shareholders at 7.15 million yuan, a decline of 93.49%[61]. - The company reported a significant increase in non-operating income from government subsidies, amounting to RMB 20.19 million in 2018, compared to RMB 46.54 million in 2017[26]. Dividend Distribution - The company plans to distribute a cash dividend of RMB 0.30 per 10 shares (including tax) to all shareholders, with no stock dividends or capital reserve transfers planned[5]. - The total amount of cash dividends expected to be distributed is approximately RMB 6.9485 million (tax included)[119]. - The cash dividend payout ratio for 2018 is 96.07% of the net profit attributable to shareholders[118]. - In 2017, the cash dividend was RMB 1.50 per 10 shares, with a payout ratio of 31.97%[118]. - In 2016, the cash dividend was RMB 3.00 per 10 shares, with a payout ratio of 30.14%[118]. - The company plans to carry forward any undistributed profits to future years[116]. Audit and Compliance - The company has received a standard unqualified audit opinion from Huapu Tianjian Certified Public Accountants[5]. - The report emphasizes the importance of accurate financial reporting and the responsibilities of the management team in ensuring this[5]. - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[7]. - The company has not indicated any violations of decision-making procedures regarding external guarantees[7]. - The company has not encountered any major accounting errors that would require correction, indicating stable financial management practices[129]. - The company has adhered to the new financial reporting format as mandated by the Ministry of Finance, ensuring compliance with regulatory requirements[126]. Risks and Challenges - The company has outlined potential risks in its future development plans, which investors should be aware of[8]. - The report includes a section on the discussion and analysis of the company's operational conditions, which details various risks faced[8]. - The company faces risks from industry cyclicality, particularly in the energy and resource sectors, which are significantly affected by economic downturns[103]. - The company reported that international oil prices have generally rebounded, leading to increased capital expenditures in the oil and gas industry, but faces risks of order declines if project progress slows[105]. - The company has a high customer concentration risk, primarily serving well-known global energy and mining companies, which may impact operations if demand fluctuates[106]. - The company is exposed to project budget risks due to potential changes in project scope and market conditions, which could lead to cost overruns[107]. - The company operates in a competitive international market, facing pressure from established competitors with significant resources and experience[108]. Strategic Initiatives - The company plans to adjust its short-term strategy to seek high-quality orders in response to the tight construction resource market[34]. - The company is strategically positioned in the Tianjin Lingang Economic Zone, benefiting from a well-developed transportation network that enhances logistics efficiency for material and equipment[43]. - The company plans to invest in the construction of a new terminal project at Tianjin Port, which will increase its capacity to undertake large-scale projects like FPSO and FLNG[44]. - The company is leveraging its capital advantages post-IPO to explore new business models and create additional profit growth points in the oil and clean energy sectors[45]. - The company aims to develop high-end customized and integrated service models, extending its business chain towards professional EPCI companies[91]. - The company plans to initiate a share buyback program to boost investor confidence and align shareholder interests with company performance[100]. Research and Development - The company applied for 23 new patents in 2018, including 12 invention patents and 11 utility model patents, bringing the total number of authorized patents to 76 by the end of the year[41]. - Research and development expenses totaled 31.24 million yuan, accounting for 7.88% of total revenue, with a decrease of 24.62% compared to the previous year[75]. - The company reported research and development expenses were newly reported at ¥41,440,995.29, previously not listed separately, reflecting the company's commitment to innovation[127]. Corporate Social Responsibility - The company provided 15 million RMB in total donations to support 30 students from a poverty-stricken background in Sichuan Province[158]. - Cumulatively, the company has supported 150 students through its poverty alleviation program, with some students successfully entering graduate studies[159]. - The company plans to continue its investment in poverty alleviation and education in 2019, adhering to government policies[162]. - The company has been recognized for its corporate social responsibility efforts, enhancing its reputation in the community[164]. - The company donated 200,000 RMB to various public welfare projects in Guizhou Province, further demonstrating its commitment to social responsibility[165]. Environmental Compliance - The company’s environmental pollution prevention facilities are in good condition and operate effectively, complying with environmental assessment requirements[173]. - The company conducts semi-annual environmental monitoring of wastewater, waste gas, and noise, ensuring compliance with legal regulations[177]. - The company has implemented a plan for emergency response to environmental incidents, which has been filed with the local environmental protection authority[176]. - The company promotes the application of new technologies for water and energy conservation, aiming to reduce environmental impact and enhance resource utilization efficiency[178]. - The company has signed agreements with qualified vendors for the recycling of solid waste, ensuring proper disposal of recyclable materials[170]. Shareholder Information - The total number of ordinary shareholders as of the end of the reporting period is 24,645, an increase from 22,234 at the end of the previous month[187]. - The largest shareholder, Tianjin Bomaike Investment Holding Co., Ltd., holds 87,525,000 shares, representing 37.38% of the total shares, with all shares pledged[189]. - The second largest shareholder, CNOOC Engineering Co., Ltd. (Hong Kong), holds 37,500,000 shares, accounting for 16.02% of the total shares[189]. - The top ten shareholders collectively hold a significant portion of the company's shares, with the top three alone accounting for over 59%[189]. - The company has no strategic investors or general legal entities that have become top ten shareholders through new share placements[193]. Management and Compensation - The company reported a total pre-tax compensation of HKD 71.57 million for the chairman and CEO, 彭文成[200]. - The vice chairman and vice president, 彭文革, received a pre-tax compensation of HKD 21.19 million[200]. - The total pre-tax compensation for the director and vice president, 吴章华, was HKD 65.21 million[200]. - The director and vice president, 邱攀峰, received a pre-tax compensation of HKD 66.53 million[200]. - The independent directors received a nominal pre-tax compensation of HKD 0.22 million each[200].