Financial Performance - In 2014, the company achieved a net profit of CNY 14,773,395.76 after deducting a statutory surplus reserve of CNY 1,477,339.58, resulting in a distributable profit of CNY 13,296,056.18 for shareholders[6]. - The total distributable profit available for shareholders at the end of 2014 was CNY 191,455,567.72, including retained earnings from previous years[6]. - The company's operating revenue for 2014 was CNY 1,417,501,774.53, representing a year-on-year increase of 5.83% compared to CNY 1,339,431,718.34 in 2013[26]. - The net profit attributable to shareholders of the listed company decreased by 74.23% to CNY 10,606,792.48 in 2014 from CNY 41,153,368.49 in 2013[26]. - Basic earnings per share were 0.03 RMB, reflecting a 76.92% decrease compared to the previous year[36]. - The company reported a weighted average return on equity of 0.80%, a decrease of 74.28 percentage points year-on-year[36]. - The company achieved a net profit of CNY 14,773,395.76 for the year 2014, with a distributable profit of CNY 13,296,056.18 after statutory reserve allocation[104]. - A cash dividend of CNY 0.10 per share (including tax) was distributed, totaling CNY 31,050,000.00, based on a total share capital of 310,500,000 shares[105]. Cash Flow and Assets - The net cash flow from operating activities significantly decreased by 96.77% to CNY 3,847,996.68 in 2014 from CNY 119,100,125.53 in 2013[26]. - The total assets of the company increased by 13.86% to CNY 3,874,353,715.35 at the end of 2014, compared to CNY 3,402,685,255.20 at the end of 2013[26]. - The company reported a net asset value of CNY 1,313,044,587.63 at the end of 2014, a slight decrease of 1.56% from CNY 1,333,838,748.69 at the end of 2013[26]. - The company's cash and cash equivalents decreased by 33.65% to ¥192,977,732.97, primarily due to increased entrusted loans and inventory[62]. - Accounts receivable increased by 84.81% to ¥136,502,884.37, attributed to outstanding receivables[62]. - Inventory rose by 42.10% to ¥577,729,860.66, driven by increased production despite a decline in sales[63]. Investments and Financing - The total investment amount during the reporting period was CNY 6,920 million, a decrease of CNY 21,417 million compared to the previous year, representing a decline of 75.58%[68]. - The company has invested CNY 1,040 million in a joint venture with Shanghai Shihou International Trade Co., Ltd., holding 51% of the total shares[69]. - The company provided loans totaling CNY 5,000 million to Jilin Haorong Trading Co., Ltd. at an interest rate of 18% for cash flow turnover[77]. - The company has a financial company investment with an initial investment of CNY 100 million, with a year-end book value of CNY 140.44 million, resulting in a profit of CNY 23.2 million[72]. - The company reported a total long-term equity investment loss of 5,782,547.65 RMB during the reporting period[151]. Operational Developments - The company has implemented strict cost control measures to improve operational quality and efficiency[40]. - The company has established Shanghai Sosen International Trade Co., Ltd. and Shanghai Sengong Investment Development Co., Ltd., marking the start of its modern commercial services[37]. - The first phase of the 200,000 sets of painted solid wood composite door project in Hebei has officially commenced production[38]. - The company has applied for a utility model patent for its "nail-free joint" technology developed by its Beijing door division[41]. - The company plans to enhance its market competitiveness by building raw material forest bases and optimizing the supply chain for engineered wood products[95]. Market and Industry Challenges - The company is facing unprecedented competition in the engineered wood industry due to overcapacity and rising costs, leading to a restructuring of the industry[94]. - The implementation of the natural forest protection policy has severely limited the supply of raw materials, impacting production capabilities[99]. - The company is diversifying into new fields such as forest food and finance, adopting a multi-pronged approach to growth[98]. Corporate Governance and Management - The company has established a comprehensive investor relations management system to enhance communication and transparency with investors[107]. - The company has a 100% labor contract signing rate and complies with national labor laws, ensuring employee welfare and development[109]. - The company appointed Ruihua Certified Public Accountants as its auditing firm for the 2014 fiscal year, with an audit fee of RMB 860,000[149]. - The company has implemented a long-term incentive plan for key management and business backbones[146]. - The total remuneration for the chairman, Bai Guangxin, during the reporting period was RMB 210,300[185]. Related Party Transactions - The total amount of related party transactions for leasing business was RMB 75,863,827.32, accounting for 94.83% of the expected total related party transactions[125]. - The company purchased wood raw materials from related parties for RMB 39,297,361.45, accounting for 13.51% of similar transactions[129]. - The company engaged in related party transactions amounting to 65,029,659.41 RMB for wood raw materials, representing 54.19% of the expected total related party transactions[131]. Employee and Workforce - The total number of employees in the parent company is 3,752, while the total number of employees in major subsidiaries is 1,336, resulting in a combined total of 5,088 employees[199]. - The professional composition includes 3,380 production personnel, 250 sales personnel, 347 technical personnel, 145 financial personnel, 289 administrative personnel, and 677 other personnel[199]. - The company has a competitive salary policy based on job evaluation and market wage levels to attract and retain talent[200].

2014 年第三季度报告 吉林森林工业股份有限公司 2014 年第三季度报告 1 / 22 | 一、 | 重要提示 | 3 | | --- | --- | --- | | 二、 | 公司主要财务数据和股东变化 | 3 | | 三、 | 重要事项 | 6 | | 四、 | 附录 | 11 | 2014 年第三季度报告 一、 重要提示 二、 公司主要财务数据和股东变化 2.1 主要财务数据 单位：元 币种：人民币 | | 本报告期末 | 上年度末 | 本报告期末比上年度末增减 | | | --- | --- | --- | --- | --- | | | | | (%) | | | 总资产 | 3,985,395,643.75 | 3,402,685,255.20 | | 17.13 | | 归属于上市公司股东的 | 1,306,047,717.82 | 1,333,838,748.69 | | -2.08 | | 净资产 | | | | | | | 年初至报告期末 | 上年初至上年报告期末 | 比上年同期增减(%) | | | | （1-9 月） | （1-9 月） | | | | 经营活动产生的现金流 | - ...

Financial Performance - The company achieved operating revenue of CNY 651,535,254.66, an increase of 5.43% compared to the same period last year[21]. - The net profit attributable to shareholders was CNY 2,422,405.85, a decrease of 77.63% year-on-year[21]. - The net cash flow from operating activities was negative at CNY -125,647,399.38, a decline of 757.68% compared to the previous year[21]. - The company reported a basic earnings per share of CNY 0.01, down 66.67% from the same period last year[22]. - The company achieved a total operating revenue of 684 million RMB, completing 43.54% of the annual target of 1.571 billion RMB[33]. - The total operating cost was 735 million RMB, accounting for 43.99% of the annual target of 1.671 billion RMB[33]. - The gross profit margin for the main product, engineered wood products, decreased by 0.18 percentage points compared to the previous year[34]. - The company reported a significant decrease in investment amounting to 3.42 million RMB, a decline of 84.30% compared to the previous year[38]. - The company reported a total operating cost of CNY 734,937,193.13, which is an increase of 11.5% compared to CNY 658,886,071.39[118]. - The financial expenses rose to CNY 58,244,468.88 from CNY 38,711,904.94, marking a 50.5% increase[118]. - The total comprehensive income for the period was CNY -5,808,106.30, compared to CNY 6,423,961.45 in the prior year, indicating a substantial decline[118]. Assets and Liabilities - Total assets increased by 14.24% to CNY 3,887,110,662.30 compared to the end of the previous year[21]. - Total liabilities decreased to CNY 2,486,909,566.16 from CNY 2,983,764,519.08, a reduction of about 16.67%[113]. - Shareholders' equity totaled CNY 1,400,201,096.14, down from CNY 1,418,920,736.12, indicating a decrease of approximately 1.52%[113]. - Current assets totaled CNY 2,059,836,704.64, up from CNY 1,664,827,606.76, indicating an increase of about 23.73%[111]. - Total liabilities increased to CNY 2,296,945,725.83 from CNY 1,819,610,622.48, representing a rise of 26.2%[118]. - The total equity attributable to the parent company as of June 30, 2014, was CNY 1,418,920,736.12, showing a decrease from the previous year's balance of CNY 1,339,648,691.14[125]. Investments and Subsidiaries - The company established Shanghai Susen Trading Co., Ltd. and Shanghai Forest Industry Investment Development Co., Ltd. during the reporting period[27]. - The company has made strategic investments, including a 30 million RMB increase in capital for Shanghai Luson International Trade Co., Ltd.[39]. - The company announced the acquisition and capital increase of Zhongyan Yinguang Wood Co., Ltd. on June 12, 2014, as part of its strategy to enhance market competitiveness[91]. - The company is actively pursuing new product development in the wood processing sector, including advanced fiberboard technologies[194]. - The company has plans for market expansion through the establishment of new subsidiaries and investment in existing ones, aiming to increase production capacity[194]. - The company has included all subsidiaries in the consolidated financial statements for this reporting period[198]. Cash Flow - The company's operating cash flow for the first half of 2014 was negative at -125,647,399.38 RMB, a significant decline compared to a positive cash flow of 19,104,741.86 RMB in the same period last year[120]. - Total cash inflow from operating activities was 610,116,646.49 RMB, up from 553,735,920.52 RMB year-on-year, indicating a growth of approximately 10.2%[120]. - Cash outflow from operating activities increased to 735,764,045.87 RMB, compared to 534,631,178.66 RMB in the previous year, representing a rise of about 37.5%[120]. - Financing activities generated a net cash flow of 373,650,095.61 RMB, a recovery from a negative cash flow of -137,080,584.29 RMB in the previous year[122]. - The total cash and cash equivalents at the end of the period stood at 381,874,343.61 RMB, an increase from 306,496,792.67 RMB at the end of the previous year[122]. Governance and Compliance - The company has strengthened its governance structure in compliance with relevant laws and regulations, ensuring the protection of shareholder rights[86]. - The company has implemented a special work plan to regulate the behavior of its controlling shareholders, ensuring no fund occupation occurred[87]. - There were no investigations or penalties against the company or its major stakeholders during the reporting period[85]. - The company has no major litigation, arbitration, or media questioning matters during the reporting period[61]. - The company has no bankruptcy reorganization matters during the reporting period[62]. Shareholder Information - The total number of shareholders at the end of the reporting period was 30,731[99]. - The largest shareholder, China Jilin Forest Industry Group, holds 46.9994% of the shares, totaling 145,933,226 shares[100]. - The total number of shares remains unchanged at 310,500,000, with 100% being tradable shares[95][96]. - The company did not have any preferred shares during the reporting period[104]. - The company appointed a new independent director, Xu Biao, on July 7, 2014, following the resignation of Du Jie due to the expiration of her term[107]. Research and Development - Research and development expenses decreased by 55.20% to CNY 120,477.08 compared to the previous year[30]. - Research and development expenses decreased due to a reduction in ongoing projects during the reporting period[32]. Market and Sales - Sales revenue from the Northeast region decreased by 0.97%, while the East China region saw an increase of 224.77%[35]. - The company adjusted its sales area settings to improve pricing and reduce sales expenses[28]. - The company has a strong brand presence with its main product, "Lushuihe" particleboard, recognized in the market[36]. Financial Instruments and Accounting Policies - The company adheres to the enterprise accounting standards, ensuring the financial statements reflect a true and complete picture of its financial status[134]. - The company classifies financial assets into four categories: financial assets measured at fair value with changes recognized in profit or loss, held-to-maturity investments, loans and receivables, and available-for-sale financial assets[139]. - Financial liabilities are categorized into two main types: those measured at fair value with changes recognized in profit or loss and other financial liabilities[138]. - The company recognizes revenue from product sales only when the ownership risks and rewards have been transferred to the buyer, and the revenue amount can be reliably measured[171].

吉林森林工业股份有限公司 600189 2014 年第一季度报告 0 | 一、 | 重要提示 2 | | --- | --- | | 二、 | 公司主要财务数据和股东变化 3 | | 三、 | 重要事项 5 | | 四、 | 附录 8 | 600189 吉林森林工业股份有限公司 2014 年第一季度报告 一、重要提示 1.1 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准 确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和连带的法律责任。 1.2 公司全体董事出席董事会审议季度报告。 1.3 | 公司负责人姓名 | 柏广新 | | --- | --- | | 主管会计工作负责人姓名 | 毛陈居 | | 会计机构负责人（会计主管人员）姓名 | 薛义 | 公司负责人柏广新、主管会计工作负责人毛陈居及会计机构负责人（会计主管人员）薛 义保证季度报告中财务报表的真实、准确、完整。 1.4 公司第一季度报告中的财务报表未经审计。 2 600189 吉林森林工业股份有限公司 2014 年第一季度报告 二、公司主要财务数据和股东变化 2.1 主要财务数据 | | | 单位:元 | 币种: ...

Financial Performance - In 2013, the company achieved operating revenue of CNY 1,339,431,718.34, representing a 4.57% increase compared to CNY 1,280,854,802.26 in 2012[22] - The net profit attributable to shareholders of the listed company for 2013 was CNY 41,153,368.49, up 4.98% from CNY 39,199,308.31 in 2012[22] - The net cash flow from operating activities was CNY 119,100,125.53, a significant recovery from a negative cash flow of CNY -248,948,149.39 in 2012[22] - The total assets of the company increased by 10.44% to CNY 3,402,685,255.20 at the end of 2013, compared to CNY 3,080,988,278.19 at the end of 2012[22] - The company's net assets attributable to shareholders reached CNY 1,333,838,748.69, a slight increase of 0.93% from CNY 1,321,604,492.44 in 2012[22] - The basic earnings per share remained stable at CNY 0.13, unchanged from 2012[23] - The company reported a significant turnaround in net profit after deducting non-recurring gains and losses, achieving CNY 20,456,694.18 in 2013 compared to a loss of CNY -118,171,891.26 in 2012[22] - The weighted average return on net assets increased to 3.11% in 2013, up from 2.95% in 2012, indicating improved profitability[23] Dividends and Cash Management - The company plans to distribute cash dividends of CNY 1.00 per 10 shares, totaling CNY 31,050,000.00, based on the 2013 net profit[5] - In 2013, the company distributed cash dividends of 1.00 RMB per 10 shares, totaling 31,050,000.00 RMB, based on a total share capital of 31,050,000 shares[94] - The cash dividend distribution plan for 2012 was successfully executed, with the record date on July 16, 2013, and the payment date on July 22, 2013[95] - The company maintained a cash dividend policy that aligns with its articles of association and shareholder resolutions, ensuring investor rights are protected[95] Research and Development - The company’s R&D expenditure increased by 568.59% to 1,911,346.69 RMB compared to the previous year[35] - Research and development expenses totaled CNY 1.911 million, accounting for 0.14% of both net assets and operating revenue[46] - The company has obtained 47 national-level technology patents, promoting technological innovation and industry upgrades[101] Investments and Acquisitions - The company established a new investment management company and invested 28 million RMB in restructuring a local specialty product company[30] - The company holds a 28.02% stake in Jilin Sen Gong Jin Qiao Floor Group Co., Ltd., with an investment of ¥6.29 million[60] - The company established Jilin Sen Gong Sheng Xin Investment Co., Ltd. with an investment of 200 million yuan, holding 100% equity[63] - The company invested 28 million yuan to restructure Lushuihe Tianxiang Specialty Food Co., Ltd., holding 51.02% equity[63] - The company has a total investment of 163.495 million yuan in various A-share stocks, with a report period profit of 8.90348 million yuan[65] Financial Position and Assets - The company’s total assets for the reporting period were 1.36 billion RMB, with a net profit of 295.22 million RMB[68] - The total assets of the wholly-owned subsidiary, Changchun Jisheng Tongda Microfinance Co., Ltd., reached 255.27 million RMB, with a net profit contribution of 5.08 million RMB to the company[78] - The total assets of Jilin Forest Industrial Group's wholly-owned subsidiary reached CNY 459.22 million, with a net profit contribution of CNY 31.91 million[79] - The total assets of the controlling subsidiary, Fushun Lushuihe Tianxiang Specialty Products Co., Ltd., were CNY 101.47 million, reporting a net loss of CNY 2.78 million, contributing a negative CNY 1.42 million to the company's net profit[80] Market and Sales Performance - The company achieved operating revenue of 1,339,431,718.34 RMB, an increase of 5,857.69 RMB or 4.57% year-on-year[36] - The sales revenue from forest management products was 236,092,300 RMB, an increase of 1,449,470 RMB or 6.54% year-on-year[37] - The sales revenue from engineered wood products was 922,929,400 RMB, an increase of 4,138,830 RMB or 4.69% year-on-year[37] - The company experienced a 27.67% revenue increase in the Northwest region, while the East China region saw a decline of 13.53%[55] Corporate Governance and Management - The company has established a modern corporate governance structure, with a board of directors responsible for daily decision-making and a supervisory board overseeing management actions[183] - The board of directors held twelve meetings during the reporting period, ensuring compliance with legal and regulatory requirements[184] - The company has a strong focus on corporate governance, with independent directors playing a crucial role in oversight[167] - The management team has a wealth of experience in the forestry sector, contributing to the company's operational effectiveness[168] Social Responsibility and Sustainability - The company actively engages in social responsibility initiatives, including disaster relief and community service, contributing to local economic development[104] - The company emphasizes sustainable development through diversified resource management and ecological construction[105] - A special ecological construction fund of CNY 411,533.68 will be allocated for green projects, reflecting the company's commitment to ecological development[5] Risks and Challenges - The company is facing risks from a sluggish market environment and potential raw material shortages due to upcoming logging bans[92] - The company faced natural disasters affecting some subsidiaries during the reporting period[143] Related Party Transactions - The total amount of related party transactions for purchasing wood raw materials reached CNY 47,915,291.75, accounting for 39.93% of the company's expected total related party transactions for daily operations[125] - The total amount for labor services received from related parties was CNY 35,093,258.35, representing 37.05% of the expected total related party transactions[126] - The company has no significant related party transactions involving asset acquisitions or disposals during the reporting period[131] Employee and Board Compensation - The total compensation for the board members and senior management during the reporting period amounted to 5.12 million yuan before tax[163] - The chairman, Bai Guangxin, received a total compensation of 210,300 yuan, while the general manager, Mao Chenju, received 800,100 yuan[163] - The company employed a total of 5,247 staff, with 4,712 in the parent company and 535 in major subsidiaries[175] Shareholder Information - The total number of shares remains unchanged at 310,500,000, with 100% being tradable shares[145] - The largest shareholder, China Jilin Forest Industry Group Co., Ltd., holds 46.9994% of the shares, totaling 145,933,226 shares[150] - The total number of shareholders at the end of the reporting period was 31,879, slightly increasing to 31,984 five trading days before the report[150]