HengBao Co.,LTD.(002104)

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恒宝股份(002104) - 2013 Q4 - 年度财报
2014-04-24 16:00
Financial Performance - The company's operating revenue for 2013 was CNY 1,260,997,115.14, representing a 35.61% increase compared to CNY 929,871,154.78 in 2012[21]. - The net profit attributable to shareholders for 2013 was CNY 200,785,158.12, a 57.68% increase from CNY 127,336,103.79 in 2012[21]. - The net profit after deducting non-recurring gains and losses was CNY 189,911,602.17, up 47.07% from CNY 129,133,310.61 in the previous year[21]. - The basic earnings per share for 2013 was CNY 0.46, an increase of 58.62% compared to CNY 0.29 in 2012[21]. - The total assets at the end of 2013 were CNY 1,229,251,299.69, reflecting a 14.09% increase from CNY 1,077,407,610.86 at the end of 2012[21]. - The net assets attributable to shareholders increased by 19.35% to CNY 965,066,295.70 from CNY 808,606,979.56 in 2012[21]. - The weighted average return on equity for 2013 was 22.73%, up from 16.72% in 2012, indicating improved profitability[21]. - The company achieved a revenue of CNY 1,260,997,115.14, representing a year-on-year growth of 35.61%[30]. - The net profit attributable to shareholders reached CNY 200,785,158.12, an increase of 57.68% compared to the previous year[30]. - The company's total revenue for 2013 was 857,144,850.75 CNY, representing a year-on-year increase of 34.88% due to growth in sales[41]. Cash Flow and Investments - The net cash flow from operating activities for 2013 was CNY 223,860,538.55, a decrease of 9.67% from CNY 247,835,033.83 in 2012[21]. - The total cash inflow from investment activities surged by 1,787.68% to 163,996,905.04 CNY, mainly due to the recovery of a 150 million CNY loan[46]. - The total cash outflow from financing activities increased by 729.30% to 358,725,891.27 CNY, primarily due to increased loan repayments[49]. - Operating cash inflow increased by 48.93% to 1,462,380,188.32 CNY, primarily due to increased sales revenue[46]. - The cash and cash equivalents at the end of the year were ¥244,508,295.56, an increase from ¥219,712,165.47, representing an 11.3% growth[190]. Research and Development - Research and development expenses increased by 52.72% to CNY 89,397,464.62, reflecting the company's commitment to innovation[31]. - The company obtained 2 invention patents and 1 utility model patent during the reporting period, showcasing its innovation capabilities[30]. - The company emphasized its research and development capabilities, particularly in financial EMV migration and SWP payment solutions[98]. Market and Product Performance - The sales volume of card products decreased by 5.71% to 70,264 thousand units, while production volume also fell by 5.76%[34]. - Revenue from card products amounted to approximately ¥1.16 billion, reflecting a significant year-on-year growth of 42.22%[50]. - The company reported a decrease in software revenue, which dropped to zero, marking a 100% decline year-on-year[50]. - The North China region generated revenue of approximately ¥557 million, with a year-on-year growth of 37.78%[50]. Shareholder and Dividend Information - The company plans to distribute a cash dividend of CNY 1.50 per 10 shares and issue 6 bonus shares for every 10 shares held[5]. - In 2013, the company distributed a cash dividend of 1.5 RMB per 10 shares, totaling 66,096,000 RMB, which represents 32.92% of the net profit attributable to shareholders[92]. - The cash dividend policy mandates that during the growth phase, the minimum proportion of cash dividends in profit distribution should be 20%[92]. Corporate Governance and Compliance - The company has adhered to all commitments made during the IPO process, ensuring compliance with regulations[121]. - The company maintains compliance with the Company Law and the regulations set by the China Securities Regulatory Commission[158]. - The company has established a risk investment management system as of December 10, 2013[157]. - The company has not faced any penalties or corrective actions during the reporting period[126]. Employee and Management Information - The total number of employees as of December 31, 2013, was 1,341, with 52% being technical personnel[150]. - The total remuneration for directors, supervisors, and senior management during the reporting period amounted to CNY 45.207 million[147]. - The management team has extensive experience in the telecommunications and technology sectors, enhancing the company's strategic direction[146]. Future Outlook and Strategic Initiatives - The company plans to continue expanding its product offerings and market presence, leveraging its recent technological advancements[30]. - The company aims to leverage its existing capabilities to drive future growth and innovation[146]. - The company is positioned in multiple explosive growth sectors, including mobile finance, mobile payment, and smart cities, which presents both opportunities and challenges for future development[83].