Financial Performance - Operating revenue rose by 28.99% to CNY 1,651,705,467.35 year-on-year[10] - Net profit attributable to shareholders increased by 30.56% to CNY 171,688,367.39 compared to the same period last year[10] - Cash flow from operating activities surged by 110.89% to CNY 632,779,963.98 compared to the previous year[10] - The company reported a significant increase in net profit after deducting non-recurring gains and losses, which rose by 27.47% to CNY 168,985,985.92[10] - The company achieved a net profit attributable to shareholders of RMB 171.69 million, a 30.56% increase compared to the same period last year[15] - Total operating revenue reached RMB 1.65 billion, reflecting a growth of 28.99% year-on-year[16] - The company expects a net profit growth of approximately 50% for the first half of 2014 compared to the same period last year[16] - The company reported a total comprehensive income of ¥171,308,509.18, compared to ¥131,513,803.56 in the previous year, marking a growth of 30.19%[30] Shareholder Information - The total number of shareholders reached 123,198 at the end of the reporting period[12] - The largest shareholder, Shenzhen Pengbo Industrial Group Co., Ltd., holds 6.48% of the shares[12] Asset and Liability Overview - Total assets increased by 1.94% to CNY 12,548,296,135.29 compared to the end of the previous year[10] - Total liabilities amounted to ¥7,994,387,085.43, a slight increase from ¥7,967,914,569.93[22] - The company's total equity increased to ¥4,553,909,049.86 from ¥4,341,889,613.42, reflecting a growth of 4.87%[22] - The total current liabilities decreased to ¥955,420,854.49 from ¥1,043,928,389.64, indicating a reduction of 8.45%[26] - The company's cash and cash equivalents decreased to ¥225,942,239.76 from ¥299,631,540.45, a decline of 24.59%[24] - The total non-current assets increased to ¥4,576,176,035.76 from ¥4,537,345,080.50, showing a growth of 0.85%[25] Expense Analysis - Sales expenses increased by 46.44% to RMB 475.25 million due to business expansion and new city operations[15] - Management expenses rose by 83.63% to RMB 226.70 million, driven by similar factors as sales expenses[15] - The company reported a significant reduction in financial expenses by 42.41% to RMB 25.84 million due to decreased financing scale[15] Cash Flow Insights - Cash flow from operating activities decreased by 66.57% to RMB 38.18 million due to reduced operational receipts[15] - The cash flow from operating activities generated a net amount of CNY 632,779,963.98, up from CNY 300,055,322.62 in the same quarter last year, reflecting a growth of approximately 110.5%[6] - The cash outflows from operating activities were CNY 1,098,461,521.60, down from CNY 1,169,406,837.62 in the same period last year, indicating a decrease of approximately 6.1%[6] - The company experienced a net cash outflow from investing activities of CNY 657,858,857.28, compared to a smaller outflow of CNY 16,317,909.29 in the previous year, reflecting increased investment activity[6] - The cash and cash equivalents at the end of Q1 2014 were CNY 1,373,377,512.67, down from CNY 1,578,617,416.52 at the end of the same period last year, a decrease of about 13.0%[6] Business Strategy and Developments - The company has not disclosed any new product developments or market expansion strategies in this report[10] - The company is actively promoting an integrated "cloud management terminal" strategy to enhance broadband market penetration[17] - The construction in progress increased by 31.68% to RMB 643.79 million, indicating ongoing investment in community and data center projects[15] Earnings Per Share - Basic earnings per share increased by 20.00% to CNY 0.12[10] - Basic earnings per share rose to ¥0.12 from ¥0.10, reflecting a 20% increase[30]

Financial Performance - In 2013, the company's operating revenue reached CNY 5,818,345,229.92, representing a 127.26% increase compared to CNY 2,560,217,119.60 in 2012[26]. - The net profit attributable to shareholders was CNY 403,071,546.86, a 95.18% increase from CNY 206,517,422.12 in the previous year[26]. - The net profit after deducting non-recurring gains and losses was CNY 418,244,715.96, up 144.87% from CNY 170,803,750.54 in 2012[26]. - Cash flow from operating activities amounted to CNY 3,041,647,143.68, a significant increase of 196.36% compared to CNY 1,026,328,633.21 in 2012[26]. - Total assets at the end of 2013 were CNY 12,309,804,183.35, reflecting a 42.06% increase from CNY 8,665,365,404.22 in 2012[26]. - The basic earnings per share for 2013 was CNY 0.30, a 100% increase from CNY 0.15 in 2012[26]. - The diluted earnings per share was CNY 0.29, representing a 93.33% increase from CNY 0.15 in the previous year[26]. - The weighted average return on equity increased to 10.10%, up 4.42 percentage points from 5.68% in 2012[26]. - The company achieved cash revenue of CNY 7.099 billion, a year-on-year increase of 127.24%[31]. - The total operating revenue reached CNY 5.818 billion, growing by 127.27% compared to the previous year[31]. Dividend Distribution - The proposed profit distribution plan includes a cash dividend of 1 RMB per 10 shares, totaling 138.21 million RMB, which represents 34.29% of the net profit attributable to shareholders for the year[6]. - The company has not proposed any capital reserve transfer to increase share capital or stock dividends for the year[6]. - The company reported a net profit of 403,071,546.86 RMB for 2013, with a cash dividend distribution ratio of 34.29%[96]. - In 2012, the company distributed cash dividends of 0.50 RMB per 10 shares, totaling 66,925,623.85 RMB, which represents 32.41% of the net profit attributable to shareholders[94]. Business Focus and Strategy - The company has transitioned its main business focus to internet value-added services, urban security monitoring, and advertising media, with over 90% of total revenue coming from internet access and value-added services in recent years[19]. - The company completed the acquisition of Changcheng Broadband Network Service Co., further enhancing its internet broadband access business[19]. - The company is actively pursuing a strategy to integrate cloud services and content delivery, aiming to enhance user experience and market demand[42]. - The company plans to continue expanding its broadband internet services and data center operations, capitalizing on the growing demand driven by urbanization and information consumption[68]. - The company aims to expand its internet business to 10-15 new cities, adding 11 million new users and a net increase of no less than 1.6 million users[76]. - The company is focusing on accelerating the expansion of the broadband market, targeting to achieve 10 million online users by 2015[76]. Acquisitions and Investments - The company underwent significant shareholder changes, with Shenzhen Pengbo Industrial Group becoming the largest shareholder after acquiring 29,152,800 shares, representing 25% of the total share capital[21]. - The acquisition of a 50% stake in Great Wall Broadband was completed, with a transaction value of 712 million RMB[40]. - The company established a wholly-owned subsidiary, Shanghai Great Wall Mobile Network Service Co., Ltd., with an investment of RMB 10,000 million to enhance its mobile internet business[66]. - The company acquired 100% equity of Beijing Yihuo Xun Technology Co., Ltd. for RMB 1,830 million to accelerate its mobile internet business[67]. Research and Development - The company’s R&D expenditure increased by 94.12% to CNY 221.32 million, supporting innovation and product development[36]. - The total R&D expenditure amounted to 221.32 million RMB, representing 5.10% of net assets and 3.80% of operating revenue[40]. - The company is focusing on technological innovation in its data center business by adopting international advanced technologies[87]. Risk Management and Compliance - The company emphasizes that forward-looking statements regarding future plans and strategies do not constitute a commitment to investors[7]. - The company has detailed risk factors that may affect its future development in the board report section[10]. - The company has maintained effective internal control over financial reporting, with no significant deficiencies identified as of the internal control evaluation report date[172]. - The internal control audit conducted by Ruihua Certified Public Accountants confirmed that the company maintained effective financial reporting controls as of December 31, 2013[172]. Shareholder and Governance - The company has a robust fiber network covering over 50 major cities and supports over 600,000 community users[51]. - The company has established relationships among major shareholders, with Shenzhen Pengbo Industrial Group Co., Ltd. holding 57.14% of Shenzhen Juyuan Investment Co., Ltd.[127]. - The company has a total of 351 core technical personnel involved in the equity incentive plan[121]. - The company has implemented a stock incentive plan for core teams and key technical personnel to enhance human resource management and team building[160]. Future Outlook - The company plans to achieve cash revenue of no less than 8 billion yuan and operating revenue of no less than 7 billion yuan in 2014, with a net profit target of no less than 500 million yuan[76]. - The company anticipates significant growth in the broadband access market due to increasing user demand and the government's supportive policies[73]. - The company is exploring new markets, particularly in underserved regions, to capture additional user segments[144]. - The company has set ambitious performance guidance for 2014, aiming for a revenue growth of over 20%[141].