Financial Performance - The company's operating revenue for 2013 was CNY 2,031,613,437.82, representing a 7.89% increase from CNY 1,883,013,101.69 in 2012[20] - The net profit attributable to shareholders for 2013 was CNY 109,207,964.59, a significant increase of 53.59% compared to CNY 71,104,007.53 in 2012[20] - The basic earnings per share for 2013 was CNY 0.42, up 55.56% from CNY 0.27 in 2012[21] - The total assets of the company at the end of 2013 reached CNY 1,805,283,993.73, a 50.18% increase from CNY 1,202,099,200.22 in 2012[20] - The cash flow from operating activities for 2013 was CNY 88,758,297.48, representing a 116.21% increase from CNY 41,052,596.83 in 2012[20] - The weighted average return on equity for 2013 was 17.50%, an increase of 4.48 percentage points from 13.02% in 2012[21] - The company reported a cumulative undistributed profit of CNY 33,226.45 million by the end of 2013[8] - The net assets attributable to shareholders at the end of 2013 were CNY 683,041,197.28, a 20.45% increase from CNY 567,079,136.35 in 2012[20] - The company reported a significant increase in net profit margin, with 2013's net profit margin at 20.19%, up from 10.28% in 2012[80] Business Operations - The company sold 19% of its stake in Jinzheng Karl for 6.327 million RMB, focusing resources on its core financial IT business[32] - The company secured contracts with 8 out of 12 newly established fund companies, capturing over 60% of the incremental market share in fund IT services[34] - The company maintained a market penetration rate increase, providing solutions to over 40 fund companies by the end of 2013[34] - The company won multiple projects in the regional equity trading sector, achieving nearly 70% market share in this segment[35] - The company launched a new generation wealth management system, enhancing its competitive advantage in the fund IT market[34] - The company implemented a stock incentive plan, enhancing talent retention and long-term competitiveness[32] - The company is actively exploring new investment opportunities, including potential mergers and acquisitions, to expand its market presence[51] - The company has developed a comprehensive product line for various financial sectors, enhancing its competitive advantage in the market[59] Research and Development - Research and development expenses totaled CNY 146,649,321.44, up 31.11% year-on-year, representing 7.22% of total revenue, aimed at enhancing product innovation and upgrades[47] - The company has increased its R&D investment in internet finance, aiming to enhance product lines and market competitiveness[81] - The company has over 700 R&D personnel and maintains a leading position in financial IT technology, being recognized as a national high-tech enterprise[58] Financial Position - The company reported a net cash balance of CNY 29,784,000 at year-end, a 30.37% increase compared to the previous year[48] - The company reported a significant increase in long-term receivables, which rose by 500.47% to approximately ¥462.78 million, primarily due to increased investments in BT projects[54] - Inventory levels increased by 28.88% to approximately ¥461.17 million, attributed to higher sales and ongoing projects[54] - The total current assets reached RMB 1.1563 billion at the end of 2013, compared to RMB 983.31 million at the beginning of the year, indicating an increase of about 17.6%[172] - The total liabilities increased to CNY 1,041,265,609.85 from CNY 576,619,198.31, indicating a rise of about 80%[174] Market Trends and Strategy - The financial IT industry showed signs of recovery, with increased IT spending from securities firms and a favorable policy environment for financial innovation[29] - The financial IT industry is at a turning point due to the rise of internet finance, financial reforms, and the explosion of wealth management, leading to new demands and opportunities for financial IT companies[67] - The company aims to deepen its focus on "financial IT" in 2014, seizing opportunities in financial innovation, asset management, and internet finance[70] - The company plans to enhance its securities IT business while promoting financial innovation and collaborating with brokers and internet companies in the internet finance sector[71] Shareholder and Governance - The company proposed a cash dividend of CNY 0.84 per 10 shares, totaling CNY 2,205,882.00 to be distributed to shareholders[8] - The company has a cash dividend policy established for the next three years, emphasizing shareholder returns[80] - The company has implemented a strict insider information management system to protect investor rights[154] - The company has established a comprehensive corporate governance structure and system, complying with relevant laws and regulations[154] Employee and Management - The total remuneration for directors in 2013 amounted to CNY 2.6337 million, while the remuneration for supervisors was CNY 0.7372 million, and for senior management, it was CNY 3.7825 million[147] - The company employed a total of 1,631 staff, with 1,061 in the parent company and 570 in major subsidiaries[149] - The company has implemented a salary management system based on budget control, with annual and monthly salary structures[149] Audit and Compliance - The company received a standard unqualified audit opinion from Dahua Certified Public Accountants for its 2013 financial report, confirming that the financial statements fairly reflect the company's financial position and operating results[169] - The audit committee has confirmed that there are no significant irregularities in financial reporting or related party transactions for the year[158] - The internal control self-assessment report was disclosed on March 20, 2014, as part of the company's commitment to transparency and compliance[165]

Financial Performance - Operating revenue for the first quarter reached CNY 469,215,921.94, representing a 16.79% increase year-on-year[9] - Net profit attributable to shareholders was CNY 10,854,893.23, up 11.22% from the same period last year[9] - Net profit attributable to shareholders after deducting non-recurring gains and losses increased by 21.47% to CNY 10,208,603.65[9] - Basic earnings per share rose by 10.43% to CNY 0.0413 per share[9] - Total operating revenue for the first quarter of 2014 reached ¥469,215,921.94, an increase of 16.8% compared to ¥401,762,757.31 in the same period last year[27] - Net profit attributable to shareholders was ¥10,854,893.23, up 11.2% from ¥9,760,277.10 year-over-year[28] - Basic earnings per share rose to ¥0.0413 from ¥0.0374, reflecting an increase of 10.4%[28] Asset and Liability Changes - Total assets increased by 23.38% to CNY 2,227,348,997.95 compared to the end of the previous year[9] - The total assets increased to ¥1,432,541,739.92, compared to ¥1,381,287,130.91 in the previous period, reflecting a growth of 3.7%[24] - The total liabilities rose to ¥799,873,432.69, an increase of 5.4% from ¥759,080,635.04[24] - The company's total current liabilities amounted to ¥717,523,506.14, up from ¥677,770,708.48, an increase of 5.9%[24] Cash Flow Analysis - The company reported a net cash flow from operating activities of CNY -24,018,420.53 for the first quarter[9] - Cash inflow from operating activities amounted to ¥518,035,120.49, compared to ¥348,077,105.04 in the previous year, indicating a significant increase of 48.8%[31] - Net cash flow from operating activities was -¥24,018,420.53, an improvement from -¥28,159,870.60 in the prior period[32] - Cash inflows from investment activities amounted to ¥48,100,033.88, down 41.4% from ¥82,167,764.38 year-over-year[32] - Net cash flow from investment activities was -¥126,850,000.57, significantly worse than -¥8,938,008.09 in the previous period[33] - Cash inflows from financing activities were ¥131,490,000.00, up 171% from ¥48,500,000.00 in the prior period[33] - Net cash flow from financing activities was ¥60,666,385.63, compared to ¥29,440,901.38 in the previous period, indicating a 106% increase[33] - The ending cash and cash equivalents balance was ¥207,640,860.83, a decrease from ¥220,801,846.02 in the previous period[34] - Total cash inflows from operating activities reached ¥173,213,376.92, a 109% increase from ¥82,843,171.65 year-over-year[35] - Total cash outflows from operating activities were ¥122,934,750.12, down 16.5% from ¥147,353,025.64 in the previous period[35] - The company reported a net increase in cash and cash equivalents of -¥90,202,035.47, compared to -¥7,656,977.31 in the prior period[33] Shareholder Information - The number of shareholders reached 12,669 as of the report date[12] - The top shareholder, Du Xuan, holds 11.85% of shares, totaling 31,123,120 shares[12] Changes in Receivables and Inventories - Accounts receivable increased by 45.32% to ¥318,687,488.34 from ¥219,299,313.03 due to increased sales[15] - Prepayments rose by 92.28% to ¥81,245,286.18 from ¥42,253,821.98, primarily due to increased purchases[15] - Inventory increased by 30.36% to ¥601,157,134.32 from ¥461,168,501.20, driven by higher sales and unfinished projects[15] - Long-term receivables grew by 34.68% to ¥623,273,084.53 from ¥462,781,544.49, mainly due to investments in BT projects[15] - Intangible assets surged by 191.92% to ¥63,898,720.83 from ¥21,889,180.78, attributed to land use rights acquired by a subsidiary[15] - Accounts payable rose by 38.77% to ¥351,235,846.03 from ¥253,112,377.07, linked to increased sales and purchases[15] Other Financial Metrics - Weighted average return on equity decreased by 0.13 percentage points to 1.58%[9] - Investment income decreased by 102.57% to -¥1,142,713.07 from -¥564,098.63, due to increased losses from joint ventures[15] - Operating income fell by 53.73% to ¥1,154,440.07 from ¥2,495,023.80, primarily due to reduced government subsidies[15] - Government subsidies recognized in the current period amounted to CNY 798,000.00[9] - Cash inflows from financing activities were ¥131,490,000.00, up 171% from ¥48,500,000.00 in the prior period[33]