Financial Performance - The company's operating revenue for 2014 was approximately CNY 2.12 billion, a decrease of 3.27% compared to CNY 2.19 billion in 2013[26]. - The net profit attributable to shareholders for 2014 was CNY 7.96 million, representing a 19.52% increase from CNY 6.66 million in 2013[26]. - The net cash flow from operating activities improved significantly to CNY 145.52 million in 2014, compared to a negative cash flow of CNY 27.42 million in 2013, marking a 630.78% increase[26]. - The total assets of the company at the end of 2014 were CNY 927.53 million, reflecting a 7.78% increase from CNY 860.60 million at the end of 2013[26]. - The company’s weighted average return on equity increased to 1.65% in 2014, up from 1.39% in 2013, an increase of 0.254 percentage points[27]. - The basic earnings per share for 2014 was CNY 0.054, a 19.47% increase from CNY 0.0452 in 2013[27]. - The company reported a significant increase in net profit after deducting non-recurring gains and losses, reaching CNY 3.64 million in 2014, a 126.37% increase from CNY 1.61 million in 2013[26]. - In 2014, the company achieved a total revenue of 2.123 billion RMB, with a net profit of 7.9582 million RMB, representing a year-on-year growth of 19.52%[32]. Dividend Policy - The company plans to distribute a cash dividend of 0.17 CNY per 10 shares, totaling 2,504,858.06 CNY for the year 2014[2]. - The company will not convert its capital reserve into share capital for 2014, with remaining undistributed profits carried forward to the next year[2]. - The company reported a cash dividend of 0.15 RMB per 10 shares for 2013, totaling 2,210,110.75 RMB, which accounted for 33.19% of the net profit attributable to shareholders[75]. - For 2014, the proposed cash dividend is 0.17 RMB per 10 shares, totaling 2,504,858.06 RMB, representing 31.48% of the net profit attributable to shareholders[78]. - The company has established a complete cash dividend policy, ensuring transparency and protection of minority shareholders' rights during the decision-making process[75]. Wind Power Operations - The company operates the Inner Mongolia Zhuozi Bayin Xile Wind Farm, which has an average wind speed of 9.8 m/s at 65m height and 10.0 m/s at 74m height, indicating a strong wind resource[9]. - The company emphasizes the importance of high-quality wind resources for sustainable development in the wind power sector[9]. - The company is classified as a capital-intensive enterprise, requiring significant investment in large wind power equipment[9]. - The company has successfully connected its first phase wind farm in Inner Mongolia to the grid and is progressing with the second phase project, which has received project approval[20]. - The company is actively preparing for the second phase of the wind power project, with site selection and equipment procurement already completed[34]. - The company aims to complete the construction and operation of the second phase of the wind power project to create greater profit margins[60]. - The company's wind power project has entered a stable operation phase, generating significant profits, with the second phase of the wind power project under active construction[52]. Risk Management - The company emphasizes risk prevention in its trading department due to the declining copper prices, which fell from 52,500 yuan to around 44,500 yuan[59]. - The company has implemented stricter trade supervision to manage risks associated with market fluctuations[40]. - The company acknowledges the risks associated with wind resource fluctuations and the impact on profitability, emphasizing the need for effective risk management strategies[67]. - The company is focused on establishing a comprehensive internal control system over the next five years to mitigate risks and prevent fraud, ensuring compliance and asset security[64]. - The company emphasizes the importance of financial risk management, aiming to improve capital turnover and optimize resource allocation to support its expanding investment needs[68]. Corporate Governance - The company has received a standard unqualified audit report from its accounting firm[3]. - The company has maintained independence from its controlling shareholder in business, personnel, assets, and financial aspects[152]. - The board of directors is responsible for establishing and implementing effective internal controls, with the supervisory board overseeing this process[155]. - The company has established a framework for related party transactions to ensure compliance with market pricing standards[89]. - The company ensures equal treatment of all shareholders, particularly minority shareholders, in accordance with legal requirements[138]. - The company has a total of 4 specialized committees under the board of directors, including the Strategy Development Committee and the Audit Committee[140]. Social Responsibility - The company emphasizes its commitment to social responsibility, ensuring accurate information disclosure and protecting shareholder interests[79]. - The company donated a total of 48,000 RMB to support 11 underprivileged students in 2014[80]. - The company actively fulfills its corporate social responsibility by organizing targeted charitable activities for impoverished students[80]. - The company emphasizes the importance of social harmony while developing its business[80]. Market and Investment Strategy - The company aims to transform into a significant player in the renewable energy sector, particularly in wind power, leveraging government support and policy incentives[34]. - The company plans to enhance its property leasing business by conducting market research and optimizing property design to attract strong clients[60]. - The company is focusing on expanding its market presence and enhancing its product offerings through ongoing research and development initiatives[164]. - The company plans to invest a total budget of CNY 350.48 million for the Phase II project of the 49.5MW wind farm, with CNY 200 million expected to be financed through bank loans[65]. Financial Adjustments and Compliance - The company implemented changes to its accounting policies, adopting eight new accounting standards effective from January 26, 2014, which did not affect the net assets at the beginning or end of the year[70]. - The company adjusted the classification of long-term equity investments, impacting only the presentation of financial statements without affecting net assets[71]. - The company’s long-term prepaid expenses were reclassified, which also did not impact net assets[72]. - The company’s adjustments to tax payable balances were reflected in non-current assets, maintaining net asset integrity[73]. - The company made adjustments to its financial reporting standards, which did not affect the net assets at the beginning or end of the year[108].

2014 年第三季度报告 上海汇通能源股份有限公司 2014 年第三季度报告 1 / 22 | 目录 | | --- | | 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 3 / 22 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 935,893,706.75 829,021,163.46 12.89 归属于上市公司股东的净资产 480,295,860.15 479,586,701.40 0.15 年初至报告期末 （1-9 月） 上年初至上年报告 期末（1-9 月） 比上年同期增减 (%) 经营活动产生的现金流量净额 95,792,667.11 22,997,375.50 316.54 年初至报告期末 （1-9 月） 上年初至上年报告 期末 （1-9 月） 比上年同期增减 （%） 营业收入 1,602,699,443.65 ...

[Definitions](index=3&type=section&id=Section%20I.%20Definitions) This section provides definitions of key terms used throughout the report [Company Profile](index=4&type=section&id=Section%20II.%20Company%20Profile) This section introduces the company's basic information and overall profile [Company Information](index=4&type=section&id=Company%20Information) This chapter provides basic information about Shanghai Huitong Energy Co., Ltd., including its name, legal representative, contact details, registered and office addresses, information disclosure channels, and stock overview Company Basic Information | Item | Information | | :--- | :--- | | **Company Chinese Name** | 上海汇通能源股份有限公司 (Abbreviation: 汇通能源) | | **Company English Name** | SHANGHAI HUITONG ENERGY CO.,LTD | | **Legal Representative** | Zheng Shuchang | | **Stock Exchange** | Shanghai Stock Exchange | | **Stock Abbreviation** | Huitong Energy | | **Stock Code** | 600605 | [Summary of Core Financial Data](index=5&type=section&id=Section%20III.%20Summary%20of%20Accounting%20Data%20and%20Financial%20Indicators) This section presents a summary of the company's key accounting data and financial performance indicators [Key Accounting Data and Financial Indicators](index=5&type=section&id=Key%20Accounting%20Data%20and%20Financial%20Indicators) The company reported 1.048 billion yuan in revenue and 3.2165 million yuan in net profit for H1 2014, with operating cash flow significantly increasing 2014 H1 Key Accounting Data (Unit: Yuan) | Key Accounting Data | Current Period (Jan-Jun) | Prior Period | YoY Change (%) | | :--- | :--- | :--- | :--- | | Operating Revenue | 1,048,081,532.77 | 1,032,015,073.29 | 1.56 | | Net Profit Attributable to Shareholders | 3,216,513.56 | 6,677,897.28 | -51.83 | | Net Profit Excluding Non-recurring Items | 2,107,273.83 | 2,721,947.28 | -22.58 | | Net Cash Flow from Operating Activities | 114,209,003.64 | 2,172,801.42 | 5,156.30 | | **Asset Status** | **End of Current Period** | **End of Prior Year** | **Period-end vs. Prior Year-end Change (%)** | | Net Assets Attributable to Shareholders | 482,803,214.96 | 479,586,701.40 | 0.67 | | Total Assets | 943,109,306.54 | 829,021,163.46 | 13.76 | 2014 H1 Key Financial Indicators | Key Financial Indicators | Current Period (Jan-Jun) | Prior Period | YoY Change | | :--- | :--- | :--- | :--- | | Basic EPS (Yuan/share) | 0.022 | 0.045 | -51.11% | | Diluted EPS (Yuan/share) | 0.022 | 0.045 | -51.11% | | Basic EPS Excluding Non-recurring Items (Yuan/share) | 0.014 | 0.018 | -22.22% | | Weighted Average ROE (%) | 0.668 | 1.396 | Decreased by 0.726 percentage points | | Weighted Average ROE Excluding Non-recurring Items (%) | 0.438 | 0.569 | Decreased by 0.131 percentage points | [Non-recurring Gains and Losses Items and Amounts](index=5&type=section&id=Non-recurring%20Gains%20and%20Losses%20Items%20and%20Amounts) During the reporting period, the company's total non-recurring gains and losses amounted to 1.1092 million yuan, primarily from government subsidies and other non-operating income and expenses Non-recurring Gains and Losses Items (Unit: Yuan) | Non-recurring Gains and Losses Item | Amount | | :--- | :--- | | Government Subsidies Included in Current Profit/Loss | 707,600.00 | | Other Non-operating Income and Expenses | 911,695.71 | | Income Tax Impact | -510,055.98 | | **Total** | **1,109,239.73** | [Board of Directors' Report](index=6&type=section&id=Section%20IV.%20Board%20of%20Directors'%20Report) This section provides the Board of Directors' discussion and analysis of the company's operations and financial performance [Discussion and Analysis of Operations](index=6&type=section&id=I.%20Board%20of%20Directors'%20Discussion%20and%20Analysis%20of%20the%20Company's%20Operations%20During%20the%20Reporting%20Period) The company's H1 2014 operations saw 1.048 billion yuan in revenue and 3.2165 million yuan in net profit, with varied performance across wind power, trade, and property segments - Company's three main business segments' operating performance: - **Wind Power Business**: Operating revenue of **24.0747 million yuan** in H1, a **10.60% year-on-year decrease** due to wind speed, but gross margin still reached **45.09%**[15](index=15&type=chunk) - **Trade Business**: As the primary revenue source, achieved **1.011 billion yuan** in revenue, a **1.74% year-on-year increase**, with a gross profit of **8.0536 million yuan**, focusing on risk control[16](index=16&type=chunk)[19](index=19&type=chunk) - **Property and Real Estate Business**: Property management revenue was **0.7884 million yuan**, a **1.36% year-on-year increase**; real estate leasing revenue was **3.8838 million yuan**, a **4.46% year-on-year increase**[19](index=19&type=chunk) [(I) Analysis of Main Business](index=6&type=section&id=(I)%20Analysis%20of%20Main%20Business) Administrative expenses decreased by 28.48% due to intangible asset amortization, while operating cash flow surged by 5156.30% due to increased payables Financial Statement Key Account Changes (Unit: Yuan) | Account | Current Period Amount | Prior Period Amount | Change (%) | | :--- | :--- | :--- | :--- | | Operating Revenue | 1,048,081,532.77 | 1,032,015,073.29 | 1.56 | | Administrative Expenses | 12,281,821.84 | 17,172,307.70 | -28.48 | | Net Cash Flow from Operating Activities | 114,209,003.64 | 2,172,801.42 | 5,156.30 | | Net Cash Flow from Investing Activities | -739,742.71 | -1,708,287.71 | 56.70 | [(II) Analysis of Operations by Industry, Product, or Region](index=7&type=section&id=(II)%20Analysis%20of%20Operations%20by%20Industry,%20Product,%20or%20Region) Trade revenue was 1.011 billion yuan (0.80% gross margin), wind power 24.07 million yuan (45.09% gross margin, but down 10.60% YoY), with Shanghai contributing most revenue Main Business by Product (Unit: Yuan) | By Product | Operating Revenue | Operating Cost | Gross Margin (%) | YoY Change in Operating Revenue (%) | | :--- | :--- | :--- | :--- | :--- | | Trade Products | 1,010,604,548.31 | 1,002,550,985.39 | 0.80 | 1.74 | | Wind Power Generation | 24,074,662.80 | 13,220,203.93 | 45.09 | -10.60 | | Property Management | 788,409.41 | 425,354.30 | 46.05 | 1.36 | | Real Estate Leasing | 3,883,848.52 | 1,106,557.02 | 71.51 | 4.46 | Main Business by Region (Unit: Yuan) | Region | Operating Revenue | YoY Change in Operating Revenue (%) | | :--- | :--- | :--- | | Shanghai Region | 1,015,276,806.24 | 1.75 | | Inner Mongolia Autonomous Region | 24,074,662.80 | -10.60 | [(III) Analysis of Investment Status](index=7&type=section&id=(III)%20Analysis%20of%20Investment%20Status) No new major external investments or entrusted funds; main subsidiary Zhuozi Wind Power achieved 3.12 million yuan net profit - Main subsidiary Zhuozi Wind Power (operating wind power generation) achieved **24.07 million yuan** in operating revenue and **3.12 million yuan** in net profit in H1 2014[22](index=22&type=chunk) [Profit Distribution or Capital Reserve to Share Capital Increase Plan](index=8&type=section&id=II.%20Profit%20Distribution%20or%20Capital%20Reserve%20to%20Share%20Capital%20Increase%20Plan) The company implemented its 2013 profit distribution, paying 0.15 yuan cash dividend per 10 shares, totaling 2.1554 million yuan - 2013 profit distribution plan: a cash dividend of **0.15 yuan (tax inclusive) per 10 shares**, with no capital reserve to share capital increase[23](index=23&type=chunk) [Significant Matters](index=9&type=section&id=Section%20V.%20Significant%20Matters) This section details significant events and transactions impacting the company during the reporting period [Major Litigation, Arbitration, and Matters of Widespread Media Questioning](index=9&type=section&id=I.%20Major%20Litigation,%20Arbitration,%20and%20Matters%20of%20Widespread%20Media%20Questioning) The company was involved in multiple successful housing lease contract disputes as plaintiff, now in enforcement - The company, as plaintiff, was involved in multiple housing lease contract disputes, all of which have been won and are now in the enforcement stage[26](index=26&type=chunk)[27](index=27&type=chunk) [Significant Related Party Transactions](index=11&type=section&id=V.%20Significant%20Related%20Party%20Transactions) Significant related party transactions included property management services provided to the controlling shareholder, totaling 34,739.16 yuan - The company provided property management services to its controlling shareholder, Hongchangsheng Group, constituting a routine related party transaction of **34,739.16 yuan**[31](index=31&type=chunk) [Significant Contracts and Their Performance](index=12&type=section&id=VI.%20Significant%20Contracts%20and%20Their%20Performance) Total guarantees for subsidiaries amounted to 140 million yuan, representing 29.00% of net assets, with no guarantees for related parties Company Guarantee Status | Guarantee Item | Amount (Yuan) | | :--- | :--- | | Total Guarantee Balance for Subsidiaries at Period-end | 140,000,000.00 | | Ratio of Total Guarantees to Company's Net Assets (%) | 29.00 | [Fulfillment of Commitments](index=12&type=section&id=VII.%20Fulfillment%20of%20Commitments) Controlling shareholder and actual controller fulfilled non-compete commitments; company met 2012-2014 cash dividend pledge - The controlling shareholder and actual controller fulfilled their long-term commitment to avoid horizontal competition[34](index=34&type=chunk) - The company fulfilled its 2012-2014 commitment to cash dividends of no less than **30%** of annual distributable profits[35](index=35&type=chunk) [Corporate Governance](index=14&type=section&id=X.%20Corporate%20Governance) The company maintained strong corporate governance, ensuring equal shareholder rights and transparent information disclosure - The company's governance structure ensures the rights of all shareholders, especially minority shareholders, with the controlling shareholder not interfering in company decisions or operations[36](index=36&type=chunk) - The company strictly adheres to the "fair, just, and open" principles of information disclosure, ensuring equal access to information for all shareholders[38](index=38&type=chunk) [Share Changes and Shareholder Information](index=16&type=section&id=Section%20VI.%20Share%20Changes%20and%20Shareholder%20Information) This section details changes in the company's share capital and information regarding its shareholders [Share Capital Changes](index=16&type=section&id=I.%20Share%20Capital%20Changes) Total share capital remained unchanged at 147,344,592 unrestricted tradable shares during the reporting period - The company's total share capital remained unchanged at **147,344,592 shares** during the reporting period, all of which are unrestricted tradable shares[42](index=42&type=chunk) [Shareholder Information](index=16&type=section&id=II.%20Shareholder%20Information) The company had 14,804 shareholders; controlling shareholder Hongchangsheng Group held 32.83%, with 48 million shares pledged Top Ten Shareholders' Shareholding Status | Shareholder Name | Shareholding Ratio (%) | Total Shares Held | Pledged or Frozen Shares | | :--- | :--- | :--- | :--- | | Shanghai Hongchangsheng Group Co., Ltd. | 32.83 | 48,373,895 | 48,000,000 | | Oriental International (Group) Co., Ltd. | 6.50 | 9,572,589 | Unknown | | Bao Chunling | 3.70 | 5,455,102 | Unknown | | Zhongtai Trust Co., Ltd. | 2.86 | 4,214,485 | Unknown | | Shanghai Honglun Investment Co., Ltd. | 2.70 | 3,979,561 | 3,979,561 | [Preferred Shares Information](index=18&type=section&id=Section%20VII.%20Preferred%20Shares%20Information) This section provides information regarding the company's preferred shares [Preferred Shares](index=18&type=section&id=Preferred%20Shares) During the current reporting period, the company had no preferred share-related matters [Directors, Supervisors, and Senior Management Information](index=19&type=section&id=Section%20VIII.%20Directors,%20Supervisors,%20and%20Senior%20Management%20Information) This section provides details on the company's directors, supervisors, and senior management [Shareholdings and Personnel Changes](index=19&type=section&id=Shareholdings%20and%20Personnel%20Changes) During the reporting period, there were no changes in the shareholdings of the company's directors, supervisors, and senior management, nor were there any personnel changes - During the reporting period, there were no changes in the shareholdings or personnel of the company's directors, supervisors, and senior management[48](index=48&type=chunk) [Financial Report (Unaudited)](index=20&type=section&id=Section%20IX.%20Financial%20Report%20(Unaudited)) This section presents the company's unaudited financial statements for the reporting period [Financial Statements](index=20&type=section&id=I.%20Financial%20Statements) This chapter includes the company's unaudited consolidated and parent company financial statements as of June 30, 2014 [Significant Accounting Policies, Accounting Estimates, and Prior Period Errors](index=38&type=section&id=III.%20Significant%20Accounting%20Policies,%20Accounting%20Estimates,%20and%20Prior%20Period%20Errors) This chapter details the company's significant accounting policies and estimates, including revenue recognition and bad debt provisions, with no major changes - Financial statements are prepared on a going concern basis, adhering to enterprise accounting standards[79](index=79&type=chunk)[80](index=80&type=chunk) - Provisions for bad debts on receivables are primarily based on aging analysis, with **0.5%** for within 1 year and **100%** for over 5 years[107](index=107&type=chunk) - Revenue recognition follows the accrual basis, with sales revenue recognized when the significant risks and rewards of ownership are transferred[134](index=134&type=chunk)[135](index=135&type=chunk) [Supplementary Information](index=90&type=section&id=XII.%20Supplementary%20Information) This chapter provides non-recurring gains/losses details, ROE/EPS calculations, and explanations for abnormal financial item fluctuations Net Assets Return and Earnings Per Share | Profit for the Period | Weighted Average ROE (%) | Basic EPS | Diluted EPS | | :--- | :--- | :--- | :--- | | Net Profit Attributable to Ordinary Shareholders | 0.668 | 0.022 | 0.022 | | Net Profit Attributable to Ordinary Shareholders Excluding Non-recurring Items | 0.438 | 0.014 | 0.014 | Explanation of Abnormal Fluctuations in Key Financial Statement Items | Item | Change (%) | Main Reason | | :--- | :--- | :--- | | Cash and Cash Equivalents | 601.51 | Increase in net cash flow from operating activities, primarily due to an increase in operating payables | | Prepayments | 24210.33 | Primarily due to unsettled trade purchase payments | | Notes Payable | 1050.00 | The company issued bank acceptance bills in the current period | | Advances from Customers | 280.35 | Primarily due to unsettled trade sales receipts | | Investment Income | -981.71 | Decrease in profit from associate company Tianxiang Jiantai in the current period | [Catalogue of Documents for Reference](index=92&type=section&id=Section%20X.%20Catalogue%20of%20Documents%20for%20Reference) This section lists documents available for public inspection

[Important Notice](index=3&type=section&id=Item%20I.%20Important%20Notice) This section outlines the company's commitment to the accuracy and completeness of its quarterly report, emphasizing that the financial statements are unaudited [Management Statement](index=3&type=section&id=1.1%20Board%20of%20Directors%2C%20Supervisory%20Board%2C%20Directors%2C%20Supervisors%2C%20and%20Senior%20Management%20Guarantee%20Truthfulness%2C%20Accuracy%2C%20and%20Completeness%20of%20Quarterly%20Report) The Board of Directors, Supervisory Board, and senior management collectively guarantee the truthfulness, accuracy, and completeness of this quarterly report, confirming no false records, misleading statements, or material omissions, and noting that the financial statements are unaudited - The company's responsible person Zheng Shuchang, chief accountant Mi Zhancheng, and head of accounting department Long Wei guarantee the truthfulness, accuracy, and completeness of the financial statements in the quarterly report[6](index=6&type=chunk) - The financial statements in the company's first quarterly report are unaudited[7](index=7&type=chunk) [Company's Key Financial Data and Shareholder Changes](index=4&type=section&id=Item%20II.%20Company's%20Key%20Financial%20Data%20and%20Shareholder%20Changes) This section details the company's significant financial performance improvements in Q1 2014, including revenue and net profit growth, alongside an overview of shareholder structure [Key Financial Data](index=4&type=section&id=2.1%20Key%20Financial%20Data) In Q1 2014, the company achieved significant performance growth, with revenue increasing by 11.30% to RMB 537.80 million, net profit attributable to shareholders surging by 173.88% to RMB 2.40 million, and net cash flow from operating activities turning positive to RMB 81.38 million Key Financial Performance Indicators | Indicator | Current Period (Jan-Mar) | Prior Year Period (Jan-Mar) | YoY Change (%) | | :--- | :--- | :--- | :--- | | Operating Revenue | RMB 537,799,244.04 | RMB 483,205,393.82 | 11.30% | | Net Profit Attributable to Shareholders | RMB 2,400,805.28 | RMB 876,576.42 | 173.88% | | Net Cash Flow from Operating Activities | RMB 81,378,032.21 | -RMB 2,229,055.38 | 3,750.79% | | Basic Earnings Per Share (RMB/share) | 0.016 RMB | 0.006 RMB | 166.67% | | Weighted Average Return on Net Assets | 0.499% | 0.184% | Increase of 0.315 percentage points | | **Asset Status** | **End of Current Period** | **End of Prior Year** | **Period-end vs. Year-start Change (%)** | | Total Assets | RMB 894,268,496.45 | RMB 829,021,163.46 | 7.87% | | Net Assets Attributable to Shareholders | RMB 481,987,506.68 | RMB 479,586,701.40 | 0.50% | Non-Recurring Gains and Losses | Item | Current Period Amount (Jan-Mar) | Explanation | | :--- | :--- | :--- | | Government grants included in current profit/loss | RMB 680,300.00 | Government support funds | | Other non-operating income and expenses excluding the above | RMB 1,624,115.71 | | | Income tax impact | -RMB 681,335.98 | | | **Total** | **RMB 1,623,079.73** | | [Shareholder Information](index=4&type=section&id=2.2%20Total%20Number%20of%20Shareholders%2C%20Top%20Ten%20Shareholders%2C%20and%20Shareholding%20of%20Top%20Ten%20Shareholders%20with%20No%20Sales%20Restrictions%20as%20of%20the%20End%20of%20the%20Reporting%20Period) As of the reporting period end, the company had 14,372 shareholders, with Shanghai Hongchangcheng Group Co., Ltd. being the largest shareholder at 32.83% ownership, a significant portion of which is pledged - As of the end of the reporting period, the company had **14,372 shareholders**[12](index=12&type=chunk) Top Shareholder Information | Shareholder Name | Shareholding Ratio (%) | Total Shares Held | Pledged or Frozen Shares | | :--- | :--- | :--- | :--- | | Shanghai Hongchangcheng Group Co., Ltd. | 32.83% | 48,373,895 | 48,000,000 | - The company's controlling shareholder, Shanghai Hongchangcheng Group, has no related party relationship or acting in concert relationship with the other top nine circulating shareholders[13](index=13&type=chunk) [Significant Matters](index=6&type=section&id=Item%20III.%20Significant%20Matters) This section details the significant changes in the company's key financial statement items and indicators during the reporting period, along with their underlying reasons [Explanation of Significant Changes in Key Financial Statement Items and Financial Indicators](index=6&type=section&id=3.1%20Significant%20Changes%20and%20Reasons%20for%20Key%20Financial%20Statement%20Items%20and%20Financial%20Indicators) During the reporting period, several financial statement items experienced significant changes, including a 451.77% increase in monetary funds due to improved operating cash flow, a 16630.90% surge in prepayments from unsettled trade purchases, and a 700.00% rise in notes payable due to increased bank acceptance bills Major Financial Item Changes and Reasons | Item | Change (%) | Primary Reason | | :--- | :--- | :--- | | Monetary Funds | 451.77% | Increase in net cash flow from operating activities | | Prepayments | 16630.90% | Increase in payments for unsettled trade purchases | | Notes Payable | 700.00% | Issuance of RMB 70 million in bank acceptance bills during the period | | Investment Income | -704.90% | Decrease in profit from associate Shanghai Tianxiang Jiantai Pharmaceutical Machinery Co., Ltd. during the period | | Non-operating Income | 90.02% | Liquidation gain from deregistration of a wholly-owned subsidiary | | Cash Received from Borrowings | 133.33% | Increase in bank borrowings obtained during the period | [Appendix: Financial Statements](index=8&type=section&id=Item%20IV.%20Appendix) This section provides the complete set of financial statements, including the consolidated balance sheet, income statement, and cash flow statement, along with the parent company's financial statements [Consolidated Balance Sheet](index=8&type=section&id=Consolidated%20Balance%20Sheet) As of March 31, 2014, the company's total assets were RMB 894.27 million, a 7.87% increase from the beginning of the year, while total liabilities reached RMB 412.28 million, up 17.98%, primarily driven by notes payable and short-term borrowings Consolidated Balance Sheet Summary | Item | Period-end Balance (RMB) | Year-start Balance (RMB) | | :--- | :--- | :--- | | Total Assets | 894,268,496.45 | 829,021,163.46 | | Total Liabilities | 412,280,989.77 | 349,434,462.06 | | Total Equity Attributable to Parent Company Shareholders | 481,987,506.68 | 479,586,701.40 | [Consolidated Income Statement](index=12&type=section&id=Consolidated%20Income%20Statement) In Q1 2014, the company achieved total operating revenue of RMB 537.80 million, an 11.30% year-over-year increase, with operating costs at RMB 525 million, resulting in a net profit attributable to parent company shareholders of RMB 2.40 million, a significant 173.88% increase from the prior year Consolidated Income Statement Summary | Item | Current Period Amount (RMB) | Prior Period Amount (RMB) | | :--- | :--- | :--- | | Total Operating Revenue | 537,799,244.04 | 483,205,393.82 | | Total Operating Costs | 536,753,392.12 | 482,970,227.80 | | Operating Profit | 867,064.11 | 264,722.62 | | Total Profit | 3,171,479.82 | 1,483,722.62 | | Net Profit | 2,400,805.28 | 876,576.42 | [Consolidated Cash Flow Statement](index=14&type=section&id=Consolidated%20Cash%20Flow%20Statement) In Q1 2014, net cash flow from operating activities significantly improved to RMB 81.38 million from a negative RMB 2.23 million in the prior year, while net cash flow from financing activities was negative RMB 15.29 million, leading to an ending cash and cash equivalents balance of RMB 80.22 million Consolidated Cash Flow Statement Summary | Item | Current Period Amount (RMB) | Prior Period Amount (RMB) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 81,378,032.21 | -2,229,055.38 | | Net Cash Flow from Investing Activities | -403,517.24 | -464,049.40 | | Net Cash Flow from Financing Activities | -15,293,899.34 | -56,463,312.23 | | Net Increase in Cash and Cash Equivalents | 65,680,615.63 | -59,156,417.01 | [Parent Company Financial Statements](index=10&type=section&id=Parent%20Company%20Financial%20Statements) The appendix also includes the parent company's balance sheet, income statement, and cash flow statement, providing non-consolidated financial data for a comprehensive view of the company's financial position and operating results - The report appendix includes the parent company balance sheet, parent company income statement, and parent company cash flow statement, providing non-consolidated financial data[22](index=22&type=chunk)[30](index=30&type=chunk)[36](index=36&type=chunk)

上海汇通能源股份有限公司 2013 年年度报告 上海汇通能源股份有限公司 2013 年年度报告 上海汇通能源股份有限公司 600605 重要提示 一、 公司董事会、监事会及董事、监事、高级管理人员保证年度报告内容的真实、准确、 完整，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 2013 年年度报告 二、 公司全体董事出席董事会会议。 三、 上会会计师事务所（特殊普通合伙）为本公司出具了标准无保留意见的审计报告。 四、 公司负责人郑树昌、主管会计工作负责人米展成及会计机构负责人（会计主管人员） 龙维声明：保证年度报告中财务报告的真实、准确、完整。 五、 是否存在被控股股东及其关联方非经营性占用资金情况？ 否 六、 是否存在违反规定决策程序对外提供担保的情况？ 否 | 第一节 | 释义及重大风险提示 4 | | --- | --- | | 第二节 | 公司简介 6 | | 第三节 | 会计数据和财务指标摘要 9 | | 第四节 | 董事会报告 11 | | 第五节 | 重要事项 21 | | 第六节 | 股份变动及股东情况 28 | | 第七节 | 董事、监事、高级管理人员和员工情况 31 ...