Financial Performance - Operating revenue for the first quarter was CNY 2,320,828,153.00, a decrease of 2.18% year-on-year[10] - Net profit attributable to shareholders was CNY 1,967,861.34, down 97.19% compared to the same period last year[10] - Basic earnings per share decreased to CNY 0.001, a drop of 97.44% compared to the previous year[10] - Net profit for the period was CNY 326,134.90, significantly down from CNY 69,236,268.81 year-on-year[26] - Net profit for the current period is ¥12,866,583.75, down 82.5% from ¥73,373,130.19 in the previous period[30] Cash Flow - Net cash flow from operating activities was negative at CNY -412,574,117.34, a decline of 189.33% year-on-year[10] - Cash inflow from operating activities totaled ¥2,492,323,779.43, down 13.9% from ¥2,900,964,718.21 in the previous period[31] - Cash outflow from operating activities increased to ¥2,904,897,896.77, up 19.0% from ¥2,439,133,882.46 in the previous period[32] - Cash flow from investing activities resulted in a net outflow of -¥243,173,213.21, compared to -¥221,094,442.59 in the previous period[32] - Cash flow from financing activities showed a net outflow of -¥13,275,038.28, a decrease from a net inflow of ¥66,732,534.24 in the previous period[32] Assets and Liabilities - Total assets at the end of the reporting period reached CNY 9,628,856,930.57, an increase of 0.33% compared to the end of the previous year[10] - The company's total assets decreased to CNY 8,211,969,523.21 from CNY 8,406,702,268.20 at the beginning of the year, reflecting a decline of approximately 2.3%[24] - Total liabilities decreased to CNY 1,160,998,530.34 from CNY 1,369,592,585.67, a reduction of about 15.2%[24] - Shareholders' equity increased slightly to CNY 7,050,970,992.87 from CNY 7,037,109,682.53, indicating a growth of approximately 0.2%[24] Shareholder Information - The total number of shareholders at the end of the reporting period was 86,361[12] - The largest shareholder, Juhua Group Company, holds 54.86% of the shares, totaling 993,558,206 shares[12] Investments and Acquisitions - The company reported a net profit of CNY 41,958,996.16 from non-recurring gains and losses[11] - Investment income surged to CNY 29,893,638.56, a 2,340.16% increase, mainly from the disposal of subsidiaries[14] - Cash received from the disposal of subsidiaries reached CNY 17,209,668.67, marking a 100% increase from the previous period[15] - The company acquired Ningbo Weihua Chemical Co., Ltd., with cash payments amounting to CNY 56,021,071.39[15] Operational Costs and Expenses - Total operating costs increased to CNY 2,359,756,269.79, up 3.1% from CNY 2,288,897,956.48 in the same period last year[26] - The company reported an increase in sales expenses to ¥17,142,529.64, up from ¥15,651,043.08 in the previous period[30] Future Plans - The company has not disclosed any new product developments or market expansion strategies in this report[10] - The company plans to focus on market expansion and new product development to drive future growth[26]

Financial Performance - The company achieved operating revenue of CNY 9,736,541,876.91 in 2013, representing an increase of 8.36% compared to the previous year[24]. - The net profit attributable to shareholders was CNY 253,577,840.49, a decrease of 58.56% year-on-year[24]. - The total profit for the period was CNY 306,527,900, a reduction of CNY 46,787,510 compared to the previous year[33]. - The company reported a net cash flow from operating activities of CNY 795,099,477.65, a significant increase of 753.13% from the previous year[24]. - The company's total assets reached CNY 9,596,835,601.49, reflecting a growth of 28.24% compared to the end of 2012[24]. - The basic earnings per share decreased to CNY 0.179, down 58.56% from CNY 0.432 in 2012[25]. - The weighted average return on equity was 4.29%, down from 10.21% in the previous year, a decrease of 5.92 percentage points[25]. - The company faced a loss of CNY 1,087,000,000 due to product price declines, which impacted profitability significantly[33]. - The company reported an increase in production volume contributing CNY 44,840,000 to profits, despite the challenging market conditions[33]. Dividend and Capital Management - The company plans to distribute a cash dividend of 2.0 CNY per 10 shares, totaling 362,183,190.2 CNY based on the total share capital of 1,810,915,951 shares as of the end of 2013[4]. - The company has not proposed any capital reserve transfer to increase share capital for the year[4]. - The company raised CNY 1,666,609,640.73 through a rights issue, issuing shares at CNY 4.23 each[58]. Audit and Compliance - The company has received a standard unqualified audit report from Tianjian Accounting Firm[4]. - There are no non-operating fund occupations by controlling shareholders or related parties reported[5]. - The company has not violated decision-making procedures for providing guarantees[5]. - The company’s board of directors and supervisory board ensure the authenticity and completeness of the annual report[4]. Risk Management and Governance - The report includes a detailed description of potential risks that may affect the company's future development strategies and operational goals[10]. - The company emphasizes the importance of accurate and complete financial reporting, as stated by its responsible personnel[4]. - The report outlines the company's governance structure and internal control measures[7]. - The company is committed to addressing uncertainties in forward-looking statements regarding future plans and development strategies[4]. Operational Efficiency and Innovation - The company aims to improve its operational efficiency and innovation capabilities to address structural issues and adapt to market changes[40]. - The company has initiated several key projects, including a 100kt/a high-performance barrier material project and a 50kt/a new refrigerant project, to enhance its product offerings and market position[37]. - The company is focusing on innovation and expansion in the fluorochemical sector, with ongoing projects in new fluorinated refrigerants and fluoropolymer materials[59]. - The company is committed to optimizing its product structure and enhancing its R&D capabilities to address the existing technological gap with advanced foreign fluorochemical enterprises[156]. Market and Industry Trends - The demand for HFCs products and their blends is expected to grow significantly, with consumption projected to reach 250,000 tons by 2015, reflecting an average annual growth rate of 15% during the "12th Five-Year Plan" period[107]. - The production and consumption of R22, a widely used refrigerant, will be frozen in 2013 and will begin to be reduced starting in 2015, in accordance with the Montreal Protocol[102]. - The fluorochemical industry is encouraged to develop environmentally friendly new fluorinated refrigerants and high-performance fluoropolymer products, with a focus on innovation and market competitiveness[94]. - The fluorochemical industry in China has over 1,000 companies, with total production capacity exceeding 3 million tons and sales revenue surpassing 30 billion RMB by the end of the "11th Five-Year Plan" period[99]. Research and Development - The company completed 38 R&D projects and applied for 12 patents during the reporting period[54]. - Research and development expenses totaled CNY 114,476,105.11, representing 1.53% of net assets and 1.18% of operating income[53]. - The company has 23 invention patents and 9 utility model patents, ensuring stable gross margins for core products and maintaining a leading technological position in the industry[74]. Subsidiary Performance - Zhejiang Juhua Co., Ltd. reported a net profit of CNY 3,622.35 million for Zhejiang Quhua Fluorochemical Co., with a significant decrease of 68.68% compared to the previous year[87]. - Zhejiang Lankai Juhua Fluorochemical Co. experienced a net loss of CNY 1,941.59 million, marking a drastic change of -239.90% from a net profit of CNY -571.22 million in 2012[86]. - Zhejiang Juhua Co. has six subsidiaries with performance changes exceeding 30%, significantly impacting the consolidated financial results[85]. Environmental and Regulatory Compliance - The company is committed to adhering to national policies regarding hazardous chemicals and is focusing on relocating production facilities to specialized industrial parks[92]. - The fluorochemical industry faces high entry barriers due to stringent environmental regulations and the need for integrated production chains[132]. - The industry is supported by national policies aimed at optimizing and upgrading industrial structures, with a focus on high-performance fluorinated polymers and environmentally friendly alternatives[137].