Financial Performance - The consolidated net profit attributable to the parent company for 2013 was RMB 81.251 million, with undistributed profits as of December 31, 2013, amounting to RMB 26.717 million[6]. - The company reported a total revenue of CNY 1.87 billion for 2013, a decrease of 3.79% compared to 2012[23]. - Net profit attributable to shareholders was CNY 81.25 million, down 38.74% year-on-year[23]. - The overall net profit margin for Zunmao Holdings in 2013 was 4.19%, a decline of 6 percentage points compared to the previous year[29]. - The company reported a significant decline in leisure income, which fell by 43.11% year-on-year, with a gross margin of 29.53%[41]. - The net profit for the year was CNY 90,395,501.37, down 41.9% from CNY 155,697,189.63 in 2012[139]. - The net profit for the current period is CNY 29,685,508.64, reflecting a positive performance compared to the previous year's loss of CNY 62,692,874.56[156]. Revenue Breakdown - The business travel booking segment generated revenue of CNY 1.20 billion, reflecting a year-on-year increase of 13.10%[28]. - In 2013, the hotel operation and management business of Zunmao Holdings achieved revenue of 610 million RMB, a decrease of 24.41% year-on-year[29]. - The hotel and restaurant segment generated revenue of CNY 608,169,136.06, with a gross margin of 47.04%, down by 1.02 percentage points year-on-year[41]. - E-commerce revenue reached CNY 1,244,243,243.91, with a gross margin of 10.89%, reflecting a decrease of 5.69 percentage points from the previous year[41]. Shareholder Information - The company’s major shareholder structure includes China Telecom Group, which holds a combined 64.58% of the total shares[20]. - The total number of shares outstanding is 535,364,544, with 328,958,290 shares (61.45%) under limited sale conditions[84]. - The largest shareholder, China Telecom Group Corporation, holds 37.50% of the shares, totaling 200,764,934 shares[89]. - The company completed a non-public issuance of 133,993,356 shares at a base price of RMB 14.92 per share to facilitate a major asset restructuring[87]. Dividend Policy - The company proposed a cash dividend of RMB 0.46 per 10 shares, totaling RMB 24.627 million, which represents 30.31% of the net profit attributable to the parent company[6]. - The company has increased its cash dividend policy, now distributing at least 30% of the net profit attributable to shareholders as cash dividends[60]. Business Transformation - The company has undergone a significant business transformation since May 2012, shifting its main business focus to travel booking and hotel management[18]. - The company launched the mobile client product "114 Business Travel" to enhance operational efficiency and user experience[26]. - The hotel business implemented a brand restructuring strategy, improving brand recognition through unified branding and multi-channel promotion[27]. Risk Management - The company has outlined potential risks in its future plans and development strategies, advising investors to be cautious[7]. - The company completed an internal control evaluation report to enhance operational standardization[27]. Financial Management - The company has not engaged in any non-operating fund occupation by controlling shareholders or related parties[8]. - The company has not violated any regulatory decision-making procedures for external guarantees[8]. - The company reported an increase in asset impairment losses of 317.07% to 2.89 million RMB, mainly due to provisions for bad debts[35]. - The company has made provisions for general risk reserves, reflecting a cautious approach to financial management[159]. Strategic Initiatives - The company signed a strategic cooperation agreement with Yixin and NetEase to develop the "Easy Life" service platform, marking a move towards mobile internet[27]. - The company aims to leverage big data, cloud computing, and mobile internet to enhance its travel ecosystem and achieve sustainable growth[54]. - The company plans to establish a "Universal Points Alliance" to integrate telecom points and other business points, aiming to rapidly expand the platform's scale through strategic partnerships[56]. Compliance and Governance - The company received a standard unqualified audit report from Zhonghuan Haihua Accounting Firm[6]. - The company’s board of directors and senior management have confirmed the accuracy and completeness of the annual report[4]. - The company has maintained compliance with regulatory requirements, with no penalties or criticisms from the China Securities Regulatory Commission[81]. Employee Information - The total number of employees in the parent company is 83, while the main subsidiaries employ 2,823, resulting in a total of 2,906 employees[102]. - The professional composition includes 2,512 production personnel, 196 sales personnel, 25 technical personnel, 67 financial personnel, and 106 administrative personnel[102]. Future Outlook - The company plans to achieve a total operating revenue of 2.4 billion yuan in 2014, with a net profit of 67.34 million yuan for the travel business and 12.11 million yuan for the Shanghai Tongmao Hotel[55]. - The company plans to continue its market expansion and product development strategies to enhance future growth prospects[160].