April 20 news, Ming Fung's recently released 2016 annual report shows that during the reporting period to achieve revenue of 2,581,300 yuan, down 86.97% over the previous year; net profit attributable to shareholders of listed companies -391.06 million, compared with 2.1796 million yuan a year earlier, from profit to loss; basic earnings per share was -0.09 yuan, 0.22 yuan a year earlier.
As of December 31, 2016, the total assets of Mingfeng reached RMB55.2830 million, an increase of 297.76% from the end of the previous year. The gearing ratio was 2.47%, representing a decrease of 16.03% from 18.50% at the end of the previous year. Net cash flow from operating activities for the current -74.149 million yuan, a year earlier -1738400 yuan.
Mingfeng environmental 2016 annual operating income decreased 86.97%, mainly due to the current business less, most of the research and development phase for new customers, there is no formal contract, do not charge customer fees, research and development costs are Mingfeng own burden, after the successful development of the customer Ming Fung Green will sign a formal contract in 2017.
During the reporting period, the operating costs of Mingfeng Environmental Protection decreased by 88.49% as compared with the same period of last year, mainly due to the substantial decrease in the Company's business volume. During the reporting period, affected by the external environment, the Company was blocked in its business operations and failed to complete the contract on schedule.
According to dig the new three board Institute data show that Ming Fung environmental protection has been focused on the oil field of sewage treatment technology development, application, service and related professional equipment production and sales.
Some Important Events in the Reporting Period:
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