BOAMAX(SZ:002514)2019-08-27 16:00Financial Performance - The company's operating revenue for the first half of 2019 was ¥431,963,344.37, representing a 9.64% increase compared to ¥393,980,710.10 in the same period last year[18]. - The net profit attributable to shareholders was ¥74,000,688.63, a significant increase of 58.77% from ¥46,607,351.34 in the previous year[18]. - The net cash flow from operating activities reached ¥70,054,758.17, a remarkable increase of 131,020.67% compared to a negative cash flow of ¥53,509.32 in the same period last year[18]. - The basic earnings per share rose to ¥0.13, up 62.50% from ¥0.08 in the previous year[18]. - The company's revenue for the reporting period reached RMB 431.96 million, representing a year-on-year increase of 9.64%[36]. - Operating profit was RMB 69.49 million, up 25.28% compared to the previous year[36]. - The company's revenue for the current period reached ¥431,963,344.37, representing a year-over-year increase of 9.64% compared to ¥393,980,710.10 in the same period last year[38]. - The total comprehensive income for the first half of 2019 was CNY 73.00 million, compared to CNY 45.36 million in the same period of 2018, representing an increase of 60.83%[148]. Assets and Liabilities - The total assets at the end of the reporting period were ¥1,724,711,827.40, a decrease of 7.85% from ¥1,871,605,306.67 at the end of the previous year[18]. - The company's total liabilities decreased to CNY 706,751,539.52 as of June 30, 2019, down from CNY 926,646,277.06 at the end of 2018, representing a reduction of 23.7%[138]. - The company's current assets decreased to CNY 831,792,756.42 from CNY 961,132,704.92 at the end of 2018, reflecting a decline of approximately 13.5%[136]. - The company's total equity increased to 753,903,000 CNY in the first half of 2019, compared to 738,663,060 CNY in the same period last year, indicating a year-over-year increase of about 2.1%[172]. Investments and R&D - The company plans to enhance its research and development capabilities and expand its market presence in the smart manufacturing sector[24]. - Research and development expenses increased by 71.27% to ¥24,637,155.00, reflecting the company's commitment to innovation and product development[38]. - The company has developed a domestic first integrated wastewater treatment system using electrocoagulation/electro-Fenton technology, successfully applied in a project in Shanghai[33]. - The company has established a wind tunnel laboratory to support product R&D and quality assurance[32]. Market and Sales - The revenue from the smart manufacturing segment grew by 14.95% to ¥312,994,014.87, accounting for 72.46% of total revenue[40]. - The revenue from boiler supporting equipment surged by 100% to ¥60,545,292.84, as this product was not sold in the previous year[42]. - The company's international sales increased by 30.64% to ¥116,694,424.92, driven by higher exports of wet chemical equipment[43]. Risks and Challenges - The company faces integration risks in its new energy-saving and environmental protection business, which is becoming a significant revenue source[61]. - Human resource risks are increasing due to rising labor costs and the need for skilled personnel during the company's transformation and expansion efforts[61]. - The company is exposed to foreign exchange risks due to a certain percentage of its products being exported, which may impact financial performance[63]. - Raw material price fluctuations pose a risk to procurement costs, as materials constitute a significant portion of production expenses[63]. Shareholder and Governance - The company does not plan to distribute cash dividends or issue bonus shares for the reporting period[7]. - The company has implemented a stock option incentive plan, with decisions made in board meetings and shareholder meetings since 2015[78]. - The controlling shareholders plan to transfer a total of 44,946,902 shares, representing 8.11% of the company's total equity, at a price of 8.60 CNY per share to Hainan Development Company[112]. Legal and Compliance - The company is involved in significant litigation with a total amount of approximately 90.52 million yuan related to various contract disputes, with an estimated total liability of 0 yuan[75]. - The company has no media controversies reported during the reporting period[76]. - There were no significant non-operating related party debts that impacted the company's financial results[94]. Future Outlook - The company expects net profit for the period from January to September 2019 to increase by over 50% year-on-year, with an estimated range of ¥77,336,800 to ¥116,005,200[60]. - The company plans to enhance the enforcement of the court ruling to maximize the protection of its legal rights and interests, which is expected to positively impact its profits[74].