字體:小 中 大 | |
46,891,617
4.0%
$
Basic
(1,146,919)
$
1,095,087
1,782,101
Gross profit increased by $5.0 million, or 66.5%, to $12.5 million for the twelve months ended December 31, 2015 from $7.5 million for the same period last year. Gross margin increased by 3.5% to 21.0% for the twelve months ended December 31, 2015 from 17.5% for the same period last year. The increase in gross margin was primarily due to improvement in overall operating efficiency and the termination of certain less profitable business.
Revenues - related party
We received government grants, which are discretionary and unpredictable in nature, of $1.0 million for the twelve months ended December 31, 2015, a decrease of $0.4 million, or 28.6%, from $1.4 million for the same period last year. Government grants as a percentage of net income were 21.5% and 80.8% for the twelve months ended December 31, 2015 and 2014, respectively.
59,350,721
(684,590)
Total non-current liabilities
23,757,669
Revenues, net
Notes receivable, current
9,245,474
15,586,865
Accrued liabilities and other payables
Prepayments
1,439,186
15,586,865
CONSOLIDATED BALANCE SHEETS
(1,986,421) | $ | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Advance to related parties |
Twelve Months Ended December 31, 2015 Financial Results | (278,363) | Deferred tax liabilities, current | 5,567,860 | ||||||||||
Selling, general & administrative expenses | |||||||||||||
$5.2 | |||||||||||||
(2,008,418) | Government grants | Loans to third parties | 106,833 | ||||||||||
16,015,079 | 23,974 | 4,087,832 | Interest expense | 675,623 | 程泰英文補習班1,288,617 | (70,675) | 13,623,849 | 2,949,268 | 1,782,101 | $42.7 | - | 5,779,600 | - | $ | 4,450 | CHINA CUSTOMER RELATIONS CENTERS, INC. AND SUBSIDIARIES | 2015 | 1,014,595 | $ |
For The Years Ended December 31, | Retained earnings | Total current liabilities | 7,250,331 | ||||||||||
Due to related parties | Net income As of December 31, 2015, the Company had cash of $13.6 million, compared to $5.1 million at December 31, 2014. Total working capital was $16.1 million as of December 31, 2015, compared to $5.5 million at the end of 2014. | Statutory reserves | Deferred tax liabilities, non-current | 42,661,732 | 189,089 | 4,774,243 | - | ||||||
$ | $ | 2,256,309 | Total shareholders' equity | 172.7% | $0.11 | Due from related parties | |||||||
1,275,633 | For The Years Ended December 31, | 353,513 | |||||||||||
Net income | 2,714,026 | ||||||||||||
68,839 | 763,977 | ||||||||||||
Repayment of short term loans | Transfer from prepayments to property and equipment | 490,318 | 59,350,721 | 373,339 | 9,176,838 |
66.5%
2014
-
Accounts receivable - related party
32,543
-
(238,413)
5,460,871
5,779,600
21.0%
27,609,436
11,407
Income taxes payable
$
$
2013
CHINA CUSTOMER RELATIONS CENTERS, INC. AND SUBSIDIARIES
Other current assets
December 31,
(2,499,956)
$
28,130,305
The Company's service is currently delivered from 11 call center locations in Shandong Province, Jiangsu Province, Hebei Province, Anhui Province, the Xinjiang Uygur Autonomous Region, the Guangxi Zhuang Autonomous Region, Jiangxi Province and Chongqing City, with a capacity approximately of 9,053 seats.
1,340,961
15,930
495,727
Operating margin
552,894
Rounding amounts and percentages: Certain amounts and percentages included in this press release have been rounded for ease of presentation. Percentage figures included in this press release have not in all cases been calculated on the basis of such rounded figures, but on the basis of such amounts prior to rounding. For this reason, certain percentage amounts in this press release may vary from those obtained by performing the same calculations using the figures in the financial statements. In addition, certain other amounts that appear in this press release may not sum due to rounding.
(11,948)
477,740
(600,916)
1,705,208
23,900
1,287,199
Proceeds from issuances of common shares
112,140
$
11,178,774
- Revenues increased by 39.1% to $59.4 million driven by increased sales to existing clients and sales to new clients.
- technical support;
- The provincial subsidiaries of China Mobile and China Telecom remained our largest clients, contributing $26.7 million (45% of total revenues) and $11.0 million (19% of total revenues) to revenues, respectively, in 2015.
$
2015 Year-to-Date Financial Highlights (all comparisons to prior year unless noted)
1,027,581
639,861
(361,006)
10,688,570
5,714,563
635,859
Mr. Gary Wang, Chairman and Chief Executive Officer of CCRC, commented, "We are very pleased to report strong financial results for the year of 2015 with revenues growing by 39.1% to $59.4 million and net income by 167.9% to $4.8 million, respectively, both were record highs since our inception."
16,149,427
Net cash provided by financing activities
0.19
1,145,348
4,450
Total current assets
$
-
841,103
瓦厝埔英文補習班
16,015,079
Non-cash investing and financing activities
Total revenues
109,657
Tina Xiao
267,931
(3,749,916)
CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME
-
10,684,120
Accrued liabilities and other payables
Cash flows from investing activities
Government Grants
$
Income from operations increased by $3.5 million, or 205.5%, to $5.2 million for the twelve months ended December 31, 2015 from $1.7 million for the same period last year. Operating margin was 8.8% for the twelve months ended December 31, 2015, compared to 4.0% for the same period last year. The increase in operating income and operating margin was mainly driven by an increase in revenues as a result of expansion of our BPO business and improvement in gross margin as a result of improvement in overall operating efficiency.
Forward-Looking Statement
LIABILITIES AND SHAREHOLDERS' EQUITY明興巷英文家教行情
Cash flows from operating activities
TAI'AN, China, April 30, 2016 /PRNewswire/ -- China Customer Relations Centers, Inc. (NASDAQ: CCRC) ("CCRC" or the "Company"), a leading call center business process outsourcing ("BPO") service provider in China, today announced its financial results for the year ended December 31, 2015.
$
Effect of exchange rate changes on cash and cash equivalents
Allowance for doubtful accounts
712,752
Cash
% Change
2,746,992
703,077
1,128,262
Weighted average common shares outstanding
Earnings per common share
9,245,474
(468,823)
Foreign currency translation adjustment
-
-
Prepayments
Other income
64,873
Revenues
4,089,653
Revenues
(552,894)
Common shares, $0.001 par value, 100,000,000 shares authorized, 18,329,600 and 15,929,600 shares issued and outstanding as of December 31, 2015 and 2014, respectively
42,673,139
2,949,268
(3,251,749)
4,372,636
Restricted cash
726,485
Repayment to related parties
Income from operations
2014
Weitian Group LLC
Income taxes payable
$1.7
五權新村英文家教行情0.19
205.5%
Short term loans
2,041,226
$
12,459,104
5,097,010
41,729
Net income
520,869
Additional paid-in capital
181,482
3,085,437
(132,742)
$
(10,775,527)
3,085
594,240
Diluted
Accounts receivable - related party
234,156
915,895
$12.5
725,435
(438,466)
19,865,408
(489,918)
$
5,208,773
7,484,808
$59.4
3,543,508
3,493
$
4,774,243
$
1,782,101
$
Other comprehensive income (loss)
3,715,981
167.9%
27,280
78,074
Total comprehensive income
4.8%
1,809,381
Gross profit and gross margin
3,027,342
$
$
$
$
0.30
$
0.11
-
$
0.30
$
0.11
$
Total liabilities and shareholders' equity
Shareholders' equity
December 31,
Basic
970,620
15,294,800
$
Deferred tax assets, non-current
Net cash provided by operating activities was $6.0 million for the twelve months ended December 31, 2015, compared to $0.5 million for the same period last year. Net cash used in investing activities was $2.0 million for the twelve months ended December 31, 2015, compared to $1.3 million for the same period last year. Net cash provided by financing activities was $4.8 million for the twelve months ended December 31, 2015, compared to $0.2 million for the same period last year. The Company raised $8.5 million in net proceeds through an initial public offering of its common shares in December 2015.
39.1%
15,294,800
CHINA CUSTOMER RELATIONS CENTERS, INC. AND SUBSIDIARIES | |||||||||
CONSOLIDATED STATEMENTS OF CASH FLOWS | |||||||||
17.5% | Gross margin | Income before provision for income taxes | Total assets | ||||||
2015 | 2,684,150 | 5,624,155 | 2013 | ||||||
For the Twelve Months Ended December 31, |
Net income
$
4,774,243
$
2,949,268
Adjustments to reconcile net income to net cash provided by operating activities:
Mr. Wang continued, "While 2015 was clearly a banner year for CCRC, we expect the momentum to continue as our relationships with existing key clients continue to expand and believe that we will continue to attract new clients due to our increasing public and financial profile following our recent IPO. We believe the Chinese BPO market remains in the early stages of development and is highly fragmented compared to other developed countries, offering plenty of opportunities for us to continue to grow at a healthy rate through organic growth and selective acquisitions. We are excited about our trajectory and look forward to our future."
Depreciation
Other assets
1,342,258
Accumulated other comprehensive income
625,876
145,076
$4.8
23,628
Gain on disposal of property and equipment
-
35,273
EPS
-
Wages payable
Deferred income taxes
31,008,989
(172,000)
2014
215,748
Changes in assets and liabilities:
$
Accounts receivable
$1.8
2015
-
Total operating expenses
(11,407)
318,861
Due from related parties
(114,670)
468,555
(2,864)
13,623,849
Due to related parties
(2,394)
2,224,301
746
Operating income
781,731
(88,972)
Other current assets
105,230
(234,067)
(287,655)
7,250,331
Accounts payable
Notes receivable, non-current
6,049,876
18,998
25,384,834
Wage payable
908,720
(101,034)
548,372
Total other income
586,931
361,547
-
665,277
249,914
Gross profit
Financial Conditions
Net cash provided by operating activities
5,956,771
Total liabilities
3,831,419
The Company is a BPO service provider focusing on the complex, voice-based segment of customer care services, including:
3.5%
3,715,981
896,841
18,330
Purchase of property and equipment
(1,614,696)
(965,118)
6,819,452
Change of restricted cash
(500,000)
-
-
Proceeds from sale of property and equipment
-
14,363
曉東路英文家教行情
-
Property and equipment, net
Accounts receivable, net
Repayment from third parties
-
130,172
(930,536) | (2,555,137) | |||||||||||||||
Repayment from related parties | 1,633,073 | 3,864,506 | ||||||||||||||
Net cash used in investing activities | (1,950,145) | (1,306,673) | Operating expenses: | 19,865,408 | ||||||||||||
Cash flows from financing activities | 500,000 | Accounts payable | 1,748,479 | Other expense | 8,497,024 | 1,174,380 | - | 2015 | Capital contribution from owners | 21,763,515 | - | Cost of revenues | 3,340,396 | 1,297,995 | ||
Distribution of capital to owners | - | 35,188,331 | 8.8% | - | (3,182,236) | |||||||||||
Proceeds from related parties | 3,517,971 | |||||||||||||||
- | $ | 125,687 | (9,574) | - | ||||||||||||
Proceeds from short term loans | (450,434) | 3,800,367 | 7,386,830 | 10,452,451 | ||||||||||||
(7,478,890) | (8,001,883) | $7.5 | Income tax provision | 2,803,294 | 4,818,501 | |||||||||||
182,350 | 2,422 | |||||||||||||||
(298,288) | 1,157,793 | 11,043 | 100,052 | |||||||||||||
ASSETS | Comprehensive income | 8,526,839 | (617,553) | 3,496,090 | ||||||||||||
Cash and cash equivalents, beginning of the year | $ | 5,097,010 | 5,714,563 | 2,218,473 | Cash and cash equivalents, end of the year | 5,097,010 | Selling, general and administrative expenses increased by $1.5 million, or 25.4%, to $7.3 million for the twelve months ended December 31, 2015 from $5.8 million for the same period last year. We anticipate that our administrative expenses, particularly those related to support personnel costs, professional fees, as well as Sarbanes-Oxley compliance, will continue to increase in 2016 due to becoming a publically traded company. | $ | 9,728,228 | |||||||
Supplemental cash flow information | 8,852,024 | $0.30 | - | |||||||||||||
Interest paid | $ | 278,363 | Total non-current assets | |||||||||||||
$ | 468,823 | 31,008,989 | Income taxes paid | $ | ||||||||||||
$ | $ | 17,303 | ||||||||||||||
(133,421) | 2014 | 3,085,437 | Gross profit | 289,806 | 232,843 | |||||||||||
Liabilities assumed in connection with purchase of property and equipment | $ | $ | ||||||||||||||
($ millions, except per share data) | $ |
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/china-customer-relations-centers-inc-announces-full-year-2015-financial-results-300260192.html
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