Financial Performance - The company achieved operating revenue of CNY 540,442,617.24, representing a year-on-year increase of 10.08%[21] - Net profit attributable to shareholders reached CNY 53,033,109.90, up 41.32% compared to the same period last year[21] - The net profit after deducting non-recurring gains and losses was CNY 46,526,481.45, an increase of 28.71% year-on-year[21] - The company reported a total profit of CNY 65,304,585.62, which is a 40.36% increase compared to the previous year[31] - The net profit growth was 41.32%, significantly exceeding the target of 20%[36] - The net profit for the current period is 53,033,109.90, reflecting a significant increase compared to the previous year[127] Assets and Liabilities - The company's total assets at the end of the reporting period were CNY 1,413,243,225.50, reflecting a growth of 7.25% from the end of the previous year[21] - The total liabilities of the company were CNY 750,207,897.38, compared to CNY 676,706,462.72 at the beginning of the period, indicating an increase of approximately 10.9%[108] - The company's equity attributable to shareholders rose to CNY 663,035,328.12 from CNY 640,993,536.93, marking an increase of about 3.4%[108] - The total owner's equity at the end of the current period is 663,035,320.00, compared to 640,993,530.00 at the beginning of the year, marking a growth of about 3.4%[131] Cash Flow - Cash flow from operating activities was CNY 45,893,871.26, a slight increase of 4.94% year-on-year[21] - The net increase in cash and cash equivalents was -¥16,812,213.71, an improvement of 41.92% compared to -¥28,945,303.51 in the previous year[35] - Cash inflow from sales and services reached ¥456,564,729.74, an increase from ¥403,826,241.60 in the previous period[119] - Net cash flow from operating activities was ¥45,893,871.26, compared to ¥43,732,354.60 in the prior period, reflecting a growth of approximately 4.9%[120] Dividends and Shareholder Returns - The company will not distribute cash dividends or issue bonus shares for this reporting period[7] - The company distributed a cash dividend of 2.00 RMB per 10 shares, totaling 31 million RMB, approved on May 20, 2014, and executed on July 18, 2014[55] - The company has committed to distributing cash dividends of no less than 10% of the annual distributable profit, with a cumulative distribution of no less than 30% of the average distributable profit over any three consecutive years[83] - The company plans to distribute cash dividends amounting to no less than 20% of the distributable profits for the year[85] Market Strategy and Development - The company plans to enhance customer service capabilities and focus on optimizing product and customer structures[31] - The company aims to expand its market presence by targeting fast-growing outdoor and fast fashion clients[31] - The company launched new products including cast teeth, high-end implanted teeth, and zinc alloy zippers, achieving mass sales capabilities[36] - The company is focused on maintaining its market position in the zipper manufacturing industry, with ongoing efforts in product development and market expansion[136] Research and Development - Research and development expenses decreased by 8.64% to ¥11,910,921.73 from ¥13,037,346.63 in the previous year[35] - The company has a total of 154 patents, enhancing its competitive advantage in the zipper industry[40] Related Party Transactions - The company reported a total of 71.22 million yuan in related party transactions, with sales of urea formaldehyde secondary materials accounting for 37.14 million yuan, representing 19.47% of similar transactions[70] - The company has no significant related party transactions in asset acquisition or disposal during the reporting period[71] Compliance and Governance - There were no significant litigation or arbitration matters during the reporting period[62] - The company did not acquire or sell any assets during the reporting period[65][66] - The company did not undergo any corporate mergers during the reporting period[67] - The company has adhered to its commitments regarding stock transfer and management of shares by major shareholders[82] Financial Reporting and Accounting Policies - The financial report for the half-year has not been audited[86] - The company has not reported any significant changes in accounting policies or prior period error corrections during the current period[127] - The company continues to operate under the accounting standards applicable in China, ensuring compliance and transparency in its financial reporting[137]

| | | 福建浔兴拉链科技股份有限公司 2014 年第一季度报告全文 第一节 重要提示 福建浔兴拉链科技股份有限公司 2014 年第一季度报告全文 福建浔兴拉链科技股份有限公司 2014 年第一季度报告 二○一四年四月二十七日 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人施能坑、主管会计工作负责人张健群及会计机构负责人(会计主 管人员)王秀梅声明：保证季度报告中财务报表的真实、准确、完整。 公司 2014 年第一季度财务报告未经审计。 3 福建浔兴拉链科技股份有限公司 2014 年第一季度报告全文 第二节 主要财务数据及股东变化 一、主要会计数据和财务指标 公司是否因会计政策变更及会计差错更正等追溯调整或重述以前年度会计数据 □ 是 √ 否 二、报告期末股东总数及前十名股东持股情况表 单位：股 | | 本报告期 | 上年同期 | 本报告期比上年同期增减 | | --- | --- | --- | --- | | | | | （%） | | 营业 ...

Financial Performance - The company's operating revenue for 2013 was CNY 1,006,280,278.76, representing a 7.8% increase compared to CNY 933,508,421.83 in 2012[19] - The net profit attributable to shareholders for 2013 was CNY 60,610,397.67, a significant increase of 67.3% from CNY 36,228,106.68 in the previous year[19] - The net profit after deducting non-recurring gains and losses was CNY 60,698,417.55, up 88.03% from CNY 32,280,571.08 in 2012[19] - The basic earnings per share for 2013 was CNY 0.39, an increase of 69.57% compared to CNY 0.23 in 2012[19] - The total operating revenue for 2013 was CNY 980,036,678.95, representing a year-on-year increase of 7.55%[47] - The total operating cost for 2013 was CNY 691,178,977.08, which increased by 4.67% compared to 2012[47] - The gross profit margin for 2013 was 29.47%, an increase of 1.94% from the previous year[47] - The company achieved a net profit of CNY 60,610,397.67 for the reporting period, with a mother company net profit of CNY 39,252,766.40[91] Assets and Liabilities - The total assets at the end of 2013 were CNY 1,317,699,999.65, a slight decrease of 0.49% from CNY 1,324,164,826.63 at the end of 2012[19] - The net assets attributable to shareholders increased by 7.37% to CNY 640,993,536.93 from CNY 597,014,834.02 in 2012[19] - The company's total assets at the end of 2013 were CNY 1,320,000,000, with significant increases in fixed assets and investment properties[50] - Total liabilities decreased to CNY 676,706,462.72 from CNY 727,149,992.61, indicating a reduction of about 6.9%[193] - The company's equity increased to CNY 640,993,536.93 from CNY 597,014,834.02, reflecting an increase of approximately 7.4%[193] Cash Flow - The net cash flow from operating activities decreased by 11.58% to CNY 152,747,556.66 from CNY 172,745,220.69 in the previous year[19] - The cash flow from financing activities saw a significant decline, with net cash flow dropping by 252.98% to -629.08 million yuan[32] - The net cash increase in cash and cash equivalents was CNY -6,290,790.85, a decline of 252.98% year-on-year[46] - The company's cash and cash equivalents decreased to CNY 111,001,604.26 from CNY 143,619,035.44, representing a decline of approximately 22.6%[191] Research and Development - The company invested 24.67 million yuan in R&D, which is a 4.31% increase from 2012, reflecting its commitment to innovation[32] - Research and development expenses totaled CNY 24,666,310.36 in 2013, up 4.31% from 2012[43] - The company applied for 102 patents in 2013, receiving 49 approvals, including 8 invention patents, enhancing its intellectual property portfolio[35] - Research and development investments have increased by 30%, totaling 150 million RMB, aimed at advancing product innovation[144] Market Strategy and Expansion - The company established a sales network focusing on international markets, resulting in significant growth in international sales, particularly in Europe, the Middle East, and Southeast Asia[34] - The company aims to become a global leader in the zipper industry, with a long-term vision of building a century-old brand[32] - The company will focus on expanding its market presence in both emerging economies and traditional markets like Europe and the US[72] - The company is expanding its market presence in Southeast Asia, targeting a 10% market share within the next two years[144] Risks and Challenges - The company faces risks from seasonal order changes, market conditions, and exchange rate fluctuations, which may impact its financial performance[10] - The company recognizes the challenges posed by fluctuating RMB exchange rates and rising labor costs, impacting cost management[74] - The company faces risks from macroeconomic conditions, including a slowdown in domestic economic growth and structural adjustments[80] Dividend and Shareholder Information - The company plans to distribute a cash dividend of CNY 2.00 per 10 shares to all shareholders[6] - The cash dividend distribution plan for 2013 is set at CNY 31,000,000, with a distribution of CNY 2.00 per 10 shares[89] - The cash dividend payout ratio for 2013 is 51.15% of the net profit attributable to shareholders[88] - The company has a total of 15,530 shareholders at the end of the reporting period, with the largest shareholder, Fujian Xunxing Group, holding 35.82% of the shares[129] Management and Governance - The company has maintained a stable management team with no changes in shareholding among directors and supervisors over the reporting period[139] - The company continues to uphold its commitment to corporate governance with a diverse board composition[140] - The independent directors have diligently fulfilled their responsibilities and provided practical suggestions for the company's development, which were adopted and implemented[168] - The company has established a relatively complete internal control management system, with no significant or important defects in integrity, compliance, and effectiveness[178] Employee and Training Initiatives - The total number of employees as of December 31, 2013, was 4,817, with 3,251 at the Fujian headquarters and 1,192 at the Shanghai manufacturing facility[154] - The company established a multi-level training system, including a partnership with Huaqiao University to create the Xunxing College, enhancing employee skills and management knowledge[153] - The company implemented a compensation policy based on job responsibilities and performance, aiming to attract and retain talent[153] Future Outlook - The company aims for a 10% increase in sales revenue and a 30% increase in net profit for 2014 compared to 2013[76] - The company provided guidance for the next fiscal year, projecting a revenue growth of 25% to 1.875 billion RMB[144] - New product launches are expected to contribute an additional 300 million RMB in revenue, with a focus on innovative zipper technology[144]

Financial Performance - The company's operating revenue for 2013 was CNY 1,006,280,278.76, representing a 7.8% increase compared to CNY 933,508,421.83 in 2012[19] - The net profit attributable to shareholders for 2013 was CNY 60,610,397.67, a significant increase of 67.3% from CNY 36,228,106.68 in 2012[19] - The net profit after deducting non-recurring gains and losses was CNY 60,698,417.55, up 88.03% from CNY 32,280,571.08 in the previous year[19] - The basic earnings per share for 2013 was CNY 0.39, a 69.57% increase from CNY 0.23 in 2012[19] - The total operating revenue for 2013 was CNY 980,036,678.95, representing a year-on-year increase of 7.55%[47] - The total operating cost for 2013 was CNY 691,178,977.08, which increased by 4.67% compared to 2012[47] - The gross profit margin for 2013 was 29.47%, an increase of 1.94% from the previous year[47] - The company achieved a net profit of CNY 60,610,397.67 for the year 2013, with a mother company net profit of CNY 39,252,766.40[91] - The cash dividend payout ratio for 2013 is 51.15% of the net profit attributable to shareholders[88] Assets and Liabilities - The total assets at the end of 2013 were CNY 1,317,699,999.65, a slight decrease of 0.49% from CNY 1,324,164,826.63 at the end of 2012[19] - The net assets attributable to shareholders increased by 7.37% to CNY 640,993,536.93 from CNY 597,014,834.02 in 2012[19] - The company's total assets at the end of 2013 were CNY 1,320,000,000, with cash and cash equivalents making up 8.42%[50] - Total liabilities decreased to CNY 676,706,462.72 from CNY 727,149,992.61, indicating a reduction of approximately 6.9%[193] - The company's equity attributable to shareholders rose to CNY 640,993,536.93 from CNY 597,014,834.02, marking an increase of about 7.3%[193] Cash Flow - The net cash flow from operating activities decreased by 11.58% to CNY 152,747,556.66 from CNY 172,745,220.69 in the previous year[19] - The company reported a negative net cash flow of 629,080 yuan, a decrease of 252.98% year-on-year, primarily due to reduced cash flow from financing activities[32] - The net cash increase in cash and cash equivalents was CNY -6,290,790.85, a significant decline of 252.98% year-on-year[46] - The company's cash and cash equivalents decreased to CNY 111,001,604.26 from CNY 143,619,035.44, representing a decline of approximately 22.6%[191] Research and Development - The company invested 24.67 million yuan in R&D, which is a 4.31% increase from 2012, reflecting its commitment to innovation[32] - Research and development expenses totaled CNY 24,666,310.36 in 2013, up 4.31% from 2012[43] - The company is investing 50 million RMB in research and development to innovate new products and improve existing technologies[144] Market Strategy and Growth - The company focused on expanding its sales network, particularly in international markets, resulting in significant growth in international sales[34] - The company plans to enhance its marketing strategy by focusing on team building and management transformation to improve service quality and response speed[76] - The company aims to improve overall profitability and competitiveness by optimizing internal resources and increasing product innovation and R&D efforts[77] - The company plans to deepen its market presence in both emerging economies and traditional markets like Europe and the US[72] - The company has established a vision to become a global leader in the zipper industry, aiming to build the SBS brand into a world-renowned name[75] Risks and Challenges - The company faces risks from seasonal order changes, market conditions, and exchange rate fluctuations, which may impact its financial performance[10] - The company recognizes the challenges posed by fluctuating RMB exchange rates and rising labor costs, which impact cost management[74] - The company is facing risks from macroeconomic conditions, including a slowdown in domestic economic growth and structural adjustments[80] - The company is also addressing uncertainties in international trade and currency exchange rate fluctuations that may impact export sales[80] Corporate Governance - The company has established a relatively complete internal control management system, with no significant or important defects in integrity, compliance, and effectiveness[178] - The board of directors guarantees that the content of the 2013 internal control self-evaluation report does not contain any false records, misleading statements, or major omissions[179] - The company strictly adheres to the relevant laws and regulations, ensuring independence from the controlling shareholder in business, personnel, assets, and finance[172] Shareholder Information - The company has a total of 15,530 shareholders at the end of the reporting period, with the largest shareholder, Fujian Xunxing Group, holding 35.82% of the shares[129] - The second largest shareholder, Chengxing Development International Co., Ltd., holds 32,250,000 shares, accounting for 20.81% of the total shares[130] - The company reported a total of 55,527,500 shares held by Fujian Xunxing Group Co., Ltd., representing a significant portion of the shareholding structure[130] Employee and Management - The total number of employees as of December 31, 2013, was 4,817, with 3,251 at the Fujian headquarters and 1,192 at the Shanghai manufacturing facility[154] - The company established the Xunxing College in partnership with Huaqiao University to enhance employee training and development[153] - The management team has outlined a new strategy focusing on sustainability, aiming to reduce production waste by 25% over the next three years[144] Remuneration and Compensation - The total remuneration for the chairman and president, Shi Nengkeng, was CNY 4.983 million[150] - The total remuneration for the executive director and CEO, Shi Mingqu, was CNY 2.69 million[150] - The company’s remuneration policy is based on the annual assessment system and salary structure[149]