Financial Performance - The company's operating revenue for Q1 2014 was 0.00 yuan, a decrease of 100% compared to 949,466.94 yuan in the same period last year[8]. - The net profit attributable to shareholders was -1,571,539.17 yuan, representing a decline of 381.87% from 557,532.87 yuan year-on-year[8]. - The basic and diluted earnings per share were both -0.01 yuan, a decrease of 433.33% compared to 0.003 yuan in the previous year[8]. - The total assets at the end of the reporting period were 8,884,867.84 yuan, down 14.91% from 10,441,933.09 yuan at the end of the previous year[8]. - The net assets attributable to shareholders decreased by 12.6% to 10,903,417.57 yuan from 12,474,956.74 yuan[8]. - The company reported a net cash flow from operating activities of -4,562,341.40 yuan, compared to -57,430.41 yuan in the previous year[8]. - Net profit decreased compared to the same period last year due to reduced operating revenue and costs, along with increased management and financial expenses[17]. - Cash received from sales of goods and services decreased compared to the same period last year, as the company had no operating income post-restructuring[17]. - Cash received from other operating activities decreased compared to the same period last year, due to funds received from the administrator in the previous period[17]. - Cash paid for other operating activities increased compared to the same period last year, due to prepayments for intermediary fees and management expenses[17]. Shareholder Information - The total number of shareholders at the end of the reporting period was 14,803[10]. - The top shareholder, China Cinda Asset Management Co., Ltd., held 6.66% of the shares, amounting to 12,584,996 shares[10]. Asset Restructuring - The company received unconditional approval from the China Securities Regulatory Commission for a major asset restructuring on April 2, 2014[15]. - The company is in the process of significant asset restructuring, with uncertainties regarding the timely completion of related registration and approval procedures[15]. - The company's operating revenue, operating costs, and operating taxes decreased compared to the same period last year due to the completion of restructuring, resulting in no operating income[17]. - Management expenses significantly increased compared to the same period last year, primarily due to higher rent, renovation costs, salaries, and audit fees[17]. - Financial expenses increased compared to the same period last year, attributed to higher interest income in the previous year[17]. Investor Communication - The company engaged in multiple communications regarding major asset restructuring and operational conditions with investors throughout the reporting period[18].

Dividend Policy - The company plans not to distribute cash dividends, issue bonus shares, or increase capital from reserves[6]. - The company did not propose any cash dividend distribution for 2013, as the undistributed profits were negative at CNY -979,716,412.08[67]. - The cash dividend policy for 2013 indicated a cash dividend amount of CNY 0.00, resulting in a cash dividend ratio of 0%[67]. - The company has not declared any dividends for the past three years due to negative retained earnings, with a cumulative deficit of ¥979,716,412.08 as of December 31, 2013[64]. Asset Restructuring - The company has signed agreements for a major asset restructuring with Tianying Environmental Protection, which was approved by the shareholders' meeting on December 19, 2013[14]. - The company reported a significant risk regarding the uncertainty of obtaining regulatory approval for the asset restructuring plan[14]. - The company has initiated a major asset restructuring plan, agreeing to acquire 100% of Tianying Environmental Protection for CNY 1,800 million through a share issuance[31]. - The restructuring plan has been submitted to the China Securities Regulatory Commission for approval, with the outcome still uncertain[58]. - The company’s restructuring plan was approved by the Shenzhen Intermediate People's Court, allowing for self-management under supervision[73]. - The company underwent a bankruptcy restructuring process initiated in April 2012, which concluded in May 2013[82]. - The restructuring aimed to address the company's financial difficulties and improve its operational stability[82]. - The company has no actual controller following the transfer of shares to creditors during the restructuring process[21]. Financial Performance - The company’s operating revenue for 2013 was CNY 40,922,834.90, a decrease of 57.33% compared to CNY 95,894,669.09 in 2012[24]. - The net profit attributable to shareholders was CNY 1,131,546,995.33, a significant recovery from a loss of CNY 636,052,363.94 in 2012[24]. - The company reported a basic earnings per share of CNY 5.99, compared to a loss of CNY 3.37 per share in the previous year[24]. - The weighted average return on equity was -87.57%, indicating a significant decline in profitability[24]. - The company reported zero revenue from its main business operations during the reporting period, with total income derived from property leasing and land transfer[32]. - The company’s financial performance in 2013 was significantly influenced by the completion of its bankruptcy reorganization[67]. - The company reported a significant increase in non-operating income, totaling CNY 1,136,127,327.97, compared to CNY 163,280.05 in the previous period[166]. Shareholder Changes - The company has undergone several changes in its controlling shareholders since its establishment, with significant transfers of shares occurring in 2003[20]. - The company’s major shareholder, Kejian Group, transferred 40% of its shares (13,445,600 shares) to creditors as part of the restructuring plan, reducing its ownership to 10.674%[80]. - The second largest shareholder, Zhixiong Electronics, also transferred 40% of its shares (31 million shares), resulting in a complete divestment from the company[81]. - As of December 31, 2013, China Cinda became the first largest shareholder after the share transfer, with no actual control over the company[94]. - The company does not have a controlling shareholder or actual controller[94]. Cash Flow and Assets - The company’s cash flow from operating activities was negative at CNY -106,677,214.39, an improvement from CNY -395,029,388.67 in 2012[24]. - The net cash flow from investment activities was CNY 106,133,985.46, a decrease of 73.17% compared to the previous year[44]. - The company’s total assets included cash and cash equivalents of CNY 10,277,880.12, representing 98.43% of total assets, primarily due to the donation received and the completion of debt restructuring[48]. - The total assets at the end of 2013 were CNY 10,441,933.09, a decline of 96.61% from CNY 307,902,946.69 in 2012[24]. - The cash and cash equivalents at the end of the period were CNY 10,277,880.12, compared to CNY 821,180.56 at the beginning of the year, showing a significant increase[161]. Governance and Compliance - The company strictly adheres to the Company Law and relevant regulations in its governance practices, ensuring transparency and accountability[120]. - The company has implemented a registration system for insider information handlers to ensure compliance with disclosure regulations and protect investor rights[121]. - The board of directors and all members guarantee the report's content is free from any false records or misleading statements, taking full responsibility for its accuracy and completeness[143]. - The company has established a comprehensive internal control system that complies with relevant laws and regulations, ensuring effective execution during the reporting period[142]. - The audit report issued by Zhonghuan Haihua Certified Public Accountants confirmed that the financial statements for the year 2013 accurately reflect the company's financial status and operating results[135]. Employment and Management - The company has 13 employees as of December 31, 2013, with 69.23% holding a college degree or above[114]. - The company has not had any core technical team or key technical personnel changes during the reporting period due to a halt in production and sales[113]. - The company has not implemented any stock incentive plans during the reporting period due to the suspension of its main business and ongoing major asset restructuring[75]. - The company has not granted any stock incentives to its directors, supervisors, or senior management during the reporting period[111]. Legal and Regulatory Matters - There were no significant litigation or arbitration matters reported during the period[71]. - The company did not face any media scrutiny during the reporting period[72]. - The company has not experienced any major accounting errors or omissions during the reporting period, ensuring the integrity of its financial disclosures[146].