Financial Performance - In 2013, the company achieved a net profit attributable to shareholders of CNY 19,681,511.25, a significant recovery from a loss of CNY 321,690,005.14 in 2012[6]. - The company's operating revenue for 2013 was CNY 14,694,215,975.31, representing a decrease of 14.06% compared to CNY 17,098,048,607.64 in 2012[24]. - The company reported a basic earnings per share of CNY 0.04 in 2013, recovering from a loss of CNY 0.73 per share in 2012[24]. - The weighted average return on equity increased to 0.86% in 2013, up from -13.14% in 2012, indicating improved profitability[24]. - The company reported a net profit of 64.61 million yuan for the year, an increase of 40.44 million yuan compared to a loss of 33.97 million yuan in the previous year[40]. - The company reported a net profit margin of 12% for 2013, maintaining stability compared to the previous year[80]. - The company achieved a net profit of 450 million in 2013, which represents a 6% growth year-over-year[81]. Revenue and Sales - The total operating revenue for the company in 2013 was CNY 4,119,769,825.19, representing a decrease of 37.03% compared to the previous year[46]. - Total revenue for the year reached 14.7 billion yuan, exceeding the annual plan by 5.76%[41]. - The company sold 444.65 million RMB worth of products to its top five customers, accounting for 30.26% of total sales[33]. - The revenue from the domestic market was CNY 2,861,779,696.38, down 44.47% year-on-year, while the international revenue was CNY 1,257,990,128.81, down 9.38%[46]. - The company reported a total revenue of 1,300 million for the year 2013, which is a 4% increase compared to 2012[80]. - The company reported a total revenue of 1,750 million for the year 2013, reflecting a growth of 9% compared to the previous year[83]. Cost and Expenses - The company's operating revenue for 2013 was 14.69 billion RMB, a decrease of 14.06% compared to the previous year[31]. - The main business revenue dropped to 4.12 billion RMB, down 37.03% due to the disposal of the Chlor-Alkali Development Company's equity[32]. - The company reduced its operating costs to 14.22 billion RMB, a decline of 14.59% year-on-year[31]. - The cost of sales increased to 14.2 billion yuan, representing a 9.23% increase compared to the previous year[41]. - The company reduced sales expenses by 17.11% to 90.45 million yuan and management expenses by 25.66% to 244.61 million yuan[37]. Cash Flow - The net cash flow from operating activities was CNY 74,045,170.70, a recovery from a negative cash flow of CNY -152,338,033.21 in 2012[24]. - The company’s cash flow from operating activities improved to 74.05 million yuan, a significant recovery from a negative cash flow of 152.34 million yuan in the previous year[40]. - The company’s investment activities resulted in a net cash outflow of 508.27 million yuan, reflecting ongoing capital expenditures[40]. Asset Management - The total assets of the company decreased by 30.77% to CNY 6,626,950,719.76 at the end of 2013, down from CNY 9,572,925,760.53 in 2012[24]. - The company’s long-term equity investments decreased by 26.38% to CNY 1,621,469,269.86, primarily due to the disposal of equity in Henan Shennong Chlor-Alkali Development Co., Ltd.[51]. - The company’s fixed assets decreased by 44.59% to CNY 2,084,116,981.59, mainly due to the disposal of equity in Henan Shennong Chlor-Alkali Development Co., Ltd.[49]. Strategic Initiatives - The company sold its 99.81% stake in Henan Shenma Chlor-Alkali Development Co., Ltd., ceasing its involvement in the chlor-alkali business, and now focuses on the production and sale of industrial yarns and tire fabrics[21]. - The company is actively pursuing asset restructuring to eliminate competition with its controlling shareholder, including the sale of 99.81% of its Chlor-Alkali business[30]. - The company plans to enhance its market presence by expanding into differentiated markets and increasing export efforts[30]. - The company is focusing on enhancing its research and development efforts to improve core competitiveness and adapt to market demands[59]. - The company is exploring potential mergers and acquisitions to further strengthen its market position[84]. Research and Development - R&D expenditure for the year was 7.39 million RMB, a reduction of 26.45% compared to the previous year[31]. - The company completed several R&D projects, including the development of high-end defect-free coated fabric production technology[38][39]. - New product development initiatives are underway, focusing on enhancing chemical production efficiency, with an investment of 500 million planned for R&D[80]. - The company is currently leading 2 National Natural Science Foundation projects and 1 Sinopec technology project, indicating a strong focus on research and development[112]. Market Position and Competition - The company holds a 90% market share in the domestic nylon 66 market and approximately 30% in the global market, indicating a strong competitive position[56]. - The company is facing increased competition in the nylon 66 industry, with new entrants affecting market dynamics[60]. - The company has identified the need to optimize its debt structure and explore various financing channels to support ongoing projects and operations[59]. Environmental and Compliance - The company recognizes the importance of environmental compliance and is preparing for stricter regulations regarding pollution control[60]. - The company plans to enhance its environmental protection investments and adopt advanced technologies to improve pollution control measures[61]. - The company is committed to sustainable practices and aims to reduce its environmental impact through innovative processes[112]. Shareholder and Governance - The total number of shares outstanding is 442,280,000, with 100% being freely tradable shares[93]. - The largest shareholder, China Pingmei Shenma Energy Chemical Group Co., Ltd., holds 52.95% of the shares, totaling 234,172,100 shares[95]. - The company has established a comprehensive investor relations management system to ensure smooth communication with minority shareholders[126]. - The company has not faced any penalties or criticisms from the China Securities Regulatory Commission or stock exchanges during the year[89]. Internal Control and Audit - The company has implemented a comprehensive internal control management system in accordance with the "Basic Norms for Enterprise Internal Control" and related regulations[139]. - The internal control audit report issued a standard unqualified opinion, confirming the effectiveness of the internal controls[140]. - The company has not experienced any major accounting errors or omissions during the reporting period[141].

Financial Performance - Operating revenue decreased by 41.01% to CNY 2,744,135,869.53 year-on-year[5] - Net profit attributable to shareholders was CNY 23,490,543.84, a significant recovery from a loss of CNY 30,143,217.31 in the same period last year[5] - Revenue for Q1 2014 was RMB 2,744,135,869.53, a decrease of 41.01% from RMB 4,651,704,804.08 in Q1 2013, primarily due to the exclusion of chlor-alkali equity from the consolidated financial statements[12] - Operating costs decreased by 42.73% to RMB 2,590,246,146.57 from RMB 4,522,622,970.54, reflecting the same reasons as revenue[12] - Investment income fell by 41.02% to RMB 6,981,744.02 from RMB 11,837,568.95, attributed to reduced profits from invested entities compared to the previous year[12] - Total operating revenue for the current period is RMB 2,744,135,869.53, a decrease of 41% compared to RMB 4,651,704,804.08 in the previous period[19] - Total operating costs for the current period are RMB 2,726,143,477.86, down 42% from RMB 4,688,383,806.41 in the previous period[19] - Operating profit for the current period is RMB 24,974,135.69, a significant improvement from a loss of RMB 24,841,433.38 in the previous period[19] - Net profit for the current period is RMB 23,907,745.05, compared to a net loss of RMB 27,380,062.47 in the previous period[19] - Basic and diluted earnings per share for the current period are both RMB 0.05, recovering from a loss of RMB 0.07 in the previous period[19] - Operating revenue for the current period is RMB 2,713,666,847.43, a decrease of 1.6% compared to RMB 2,757,585,233.98 in the previous period[28] - Operating costs decreased to RMB 2,592,812,042.52 from RMB 2,668,758,722.10, reflecting a reduction of 2.8%[28] - Net profit for the current period is RMB 15,841,722.92, an increase of 3.0% from RMB 14,404,228.86 in the previous period[28] - Basic and diluted earnings per share increased to RMB 0.0358 from RMB 0.0326, representing a growth of 9.8%[28] Cash Flow and Liquidity - Cash flow from operating activities decreased by 74.32% to CNY 127,468,725.65 compared to the same period last year[5] - Operating cash flow net amount decreased by 74.32% to RMB 127,468,725.65 compared to RMB 496,302,975.11 in the previous period due to the disposal of chlor-alkali equity[12] - Cash flow from operating activities for the current period is RMB 127,468,725.65, a decrease of 74% from RMB 496,302,975.11 in the previous period[21] - Cash and cash equivalents at the end of the period were RMB 793,904,820.31, down from RMB 989,885,454.82 at the beginning of the year[15] - Cash and cash equivalents at the end of the period are RMB 347,104,741.97, down from RMB 419,973,806.46 at the beginning of the period[21] - Cash and cash equivalents at the end of the period decreased to RMB 254,734,647.00 from RMB 365,388,292.36, a decline of 30.3%[30] - The company reported a total of RMB 1,217,185,446.10 in cash inflows from operating activities, down 5.7% from RMB 1,291,471,612.36 in the previous period[30] Assets and Liabilities - Total assets increased by 8.82% to CNY 7,211,380,940.73 compared to the end of the previous year[5] - Total assets increased to RMB 7,211,380,940.73 from RMB 6,626,950,719.76, indicating growth in the company's asset base[15] - Current liabilities decreased to RMB 3,851,212,454.87 from RMB 4,361,734,930.79, showing a reduction in short-term financial obligations[18] - The company's total liabilities increased to RMB 4,864,131,829.30 from RMB 4,303,609,353.38, indicating a rise in financial obligations[18] - Total liabilities increased to RMB 4,207,963,137.02 from RMB 3,738,044,386.91, marking a rise of 12.6%[26] - Total equity increased to RMB 2,311,451,895.18 from RMB 2,295,610,172.26, reflecting a growth of 0.7%[26] - Minority interests decreased significantly to RMB 31,427,840.31 from RMB 31,010,639.10, reflecting changes in the ownership structure[18] Shareholder Information - The total number of shareholders reached 31,566[8] - The largest shareholder, China Pingmei Shenma Energy Chemical Group, holds 52.95% of the shares[8] Strategic Initiatives - The company is in the process of integrating the nylon chemical industry chain, supported by China Pingmei Shenma Group, through self-funded acquisitions and other means[12] - The company is focusing on market expansion and new product development as part of its future strategy[19]