Revenue and Profit - Total revenue for Q1 2014 was CNY 67,083,181.80, a decrease of 31.067% compared to CNY 97,316,715.70 in Q1 2013[11] - Net profit attributable to shareholders was CNY 791,976.27, an increase of 8.969% from CNY 726,790.39 in the same period last year[11] - Total operating revenue decreased to ¥67,083,181.80 from ¥97,316,715.70, a decline of approximately 31% year-over-year[30] - Net profit decreased to a loss of ¥2,564,454.01 from a profit of ¥3,242,475.24, indicating a significant downturn[30] Cash Flow - Net cash flow from operating activities was CNY -5,468,770.63, an improvement from CNY -6,708,642.50 in Q1 2013[11] - Cash flow from operating activities resulted in a net outflow of ¥5,468,770.63, an improvement from the previous outflow of ¥6,708,642.50[33] - Cash flow from investing activities showed a net outflow of ¥57,414,351.38, compared to a larger outflow of ¥137,539,369.20 in the prior period[33] - Cash flow from financing activities resulted in a net outflow of ¥495,000.03, an improvement from the previous outflow of ¥109,494,122.17[34] - The net increase in cash and cash equivalents was -$39,215,730.94, compared to -$4,719,259.83 in the previous period, showing a substantial decline in liquidity[37] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,529,123,371.35, a decrease of 2.219% from CNY 1,563,831,151.46 at the end of the previous year[11] - Total liabilities decreased from CNY 487,379,990.39 to CNY 455,236,664.29, a reduction of approximately 6.6%[23] - Current assets decreased by CNY 68,392,649.53, from CNY 550,274,643.79 to CNY 481,881,994.26, representing a reduction of about 12.4%[22] - Non-current assets increased from CNY 1,013,556,507.67 to CNY 1,047,241,377.09, representing a growth of about 3.3%[22] Shareholder Information - The number of shareholders totaled 14,802, with the largest shareholder holding 71.93% of the shares[12] - The company's equity attributable to shareholders increased slightly from CNY 776,022,964.06 to CNY 776,814,940.33, an increase of approximately 0.1%[23] Investment and Income - The company reported a 100% increase in held-to-maturity investments, rising to CNY 50,000,000.00 from CNY 25,000,000.00[15] - Investment income increased by 100% to CNY 437,725.46, attributed to returns from principal-protected financial products[16] - The company reported an increase in investment income of ¥437,725.46, compared to no investment income in the previous period[30] Operational Costs - Total operating costs reduced to ¥89,806,192.23 from ¥110,605,392.09, representing a decrease of about 19%[30] - The company experienced a 74.339% decrease in business taxes and additional charges due to reduced revenue[16] Other Financial Metrics - Basic and diluted earnings per share remained unchanged at ¥0.002[30] - Cash received from investment income decreased to $328,958.33 from $40,935,000.00, reflecting a significant drop in investment returns[37] - Cash paid for purchasing goods and services increased to $449,895.37 from $289,177.73, indicating higher operational costs[37]

Financial Performance - The basic earnings per share for 2013 was CNY 0.040, an increase of 42.857% compared to CNY 0.028 in 2012[29] - The diluted earnings per share for 2013 was also CNY 0.040, reflecting the same 42.857% increase from the previous year[29] - The weighted average return on net assets for 2013 was 1.805%, an increase of 0.514 percentage points from 1.291% in 2012[29] - The basic earnings per share after deducting non-recurring gains and losses was -CNY 0.090, an improvement from -CNY 0.165 in 2012[29] - The weighted average return on net assets after deducting non-recurring gains and losses was -4.051%, an improvement from -7.424% in 2012[29] - Net profit attributable to shareholders for 2013 was CNY 13,881,062.95, an increase of 41.938% from CNY 9,779,643.11 in 2012[35] - The company's operating revenue for 2013 was CNY 380,846,591.72, a decrease of 27.425% compared to CNY 524,760,357.12 in 2012[35] - Operating profit for 2013 was ¥107,169,686.63, a decrease of 111.35% compared to ¥110,735,552.12 in 2012[45] - The company reported a net profit of 13,881,062.95 RMB for the current period, compared to a net profit of 10,311,742.48 RMB in the previous period, showing a positive growth in profitability[146] Cash Flow and Liquidity - The net cash flow from operating activities was CNY -21,269,792.16, a decline of 119.903% compared to CNY 106,866,622.51 in 2012[36] - Cash and cash equivalents decreased by 64.78% to ¥157,008,742.32, due to investments in production projects and loan repayments[50] - Cash and cash equivalents at the end of the period decreased to ¥157,008,742.32 from ¥445,773,959.16, a decline of approximately 64.8%[141] - The net cash flow from operating activities was -96,780,700.50 RMB, a decrease from -50,019,359.60 RMB in the previous period, indicating a worsening cash flow situation[143] - The total cash and cash equivalents at the end of the period increased to 45,147,922.70 RMB from 17,564,730.57 RMB in the previous period, indicating improved liquidity[143] Shareholder Information - The company did not distribute cash dividends or bonus shares for the year due to accumulated losses[7] - The company reported a cumulative undistributed profit of -232,334,802.61 RMB, resulting in no cash dividends or stock distributions for 2013[61] - In 2013, the company did not propose any cash dividend distribution plan, despite having a positive undistributed profit for the parent company[63] - The company’s cash dividend policy was reviewed and approved by the board, awaiting submission to the shareholders' meeting for consideration[61] - The total number of shareholders at the end of the reporting period was 13,701, compared to 14,999 before the annual report disclosure[91] Assets and Liabilities - Total assets at the end of 2013 were CNY 1,563,831,151.46, a decrease of 5.956% from CNY 1,662,874,867.14 at the end of 2012[35] - The company's net assets attributable to shareholders increased by 1.821% to CNY 776,022,964.06 at the end of 2013[35] - Total liabilities decreased from CNY 571,416,511.50 in 2012 to CNY 487,379,990.39 in 2013, a reduction of approximately 14.7%[130] - Current liabilities totaled CNY 390,833,802.30 in 2013, down from CNY 457,144,311.05 in the previous year, representing a decrease of about 14.5%[130] - The total liabilities to equity ratio improved from 0.78 in 2012 to 0.65 in 2013, indicating a stronger financial position[130] Operational Changes and Strategy - The company has faced risks related to future development as outlined in the board report[12] - The company’s operational scope has evolved to include real estate development and creative cultural services[22] - The company plans to enhance profitability by adjusting product structures and expanding market areas in 2014[58] - The company aims to leverage state-owned capital reform opportunities to accelerate industrial transformation and structural adjustment[58] - The company reported a significant decrease in wind blade revenue, which fell by 66.14% to CNY 49,563,412.50 in 2013 from CNY 146,359,829.33 in 2012[37] Governance and Management - The company has maintained stable governance with no changes in the board composition during the reporting period[99] - The independent directors bring diverse expertise, enhancing the company's strategic oversight[101] - The company continues to leverage its strong relationships within the industry to drive growth and innovation[100] - The management team is committed to upholding corporate governance standards and ensuring transparency in operations[101] - The company held one annual general meeting during the reporting period, ensuring compliance with relevant regulations to protect the rights of all shareholders[111] Research and Development - Research and development expenses for 2013 were CNY 21,008,822.20, a decrease of 24.34% from CNY 27,768,274.46 in 2012[36] - Total R&D expenses amounted to ¥21,008,822.20, representing 5.516% of operating revenue and 1.952% of net assets[43] Compliance and Legal Matters - The company faced an administrative penalty of RMB 37,500 due to non-compliance with air pollution prevention regulations[81] - The company had no major litigation, arbitration, or media disputes during the reporting period[66] - The company has not received any penalties or administrative actions from the China Securities Regulatory Commission or public reprimands from the stock exchange during the reporting period[79] Financial Reporting and Accounting - The financial statements were audited by Zhonghua Certified Public Accountants, who issued a standard unqualified opinion[125] - The financial statements are prepared in accordance with the Chinese Accounting Standards, ensuring compliance and accuracy in reporting[156] - The company recognizes the difference between the disposal price and the fair value of remaining equity when losing control over a subsidiary as investment income for the current period[161]