宏达高科控股股份有限公司 2015 年第三季度报告正文 证券代码：002144 证券简称：宏达高科 公告编号：2015-065 宏达高科控股股份有限公司 2015 年第三季度报告正文 第一节 重要提示 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。 公司负责人沈国甫、主管会计工作负责人朱海东及会计机构负责人(会计主管人员)朱雪忠声明：保证 季度报告中财务报表的真实、准确、完整。 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 | 项目 | 本报告期末 | 上年度末 | | 本报告期末比上年度末增减 | | --- | --- | --- | --- | --- | | 总资产（元） | 1,898,325,685.47 | 2,191,337,196.89 | | -13.37% | | 归属于上市公司股东的净资产（元） | 1,631,952,629.59 | | ...

Financial Performance - The company's operating revenue for the first half of 2015 was ¥256,579,030.66, representing a 6.13% increase compared to ¥241,758,493.61 in the same period last year[19]. - The net profit attributable to shareholders for the first half of 2015 was ¥118,570,555.60, a significant increase of 58.63% from ¥74,748,777.48 in the previous year[19]. - The basic earnings per share increased by 59.52% to ¥0.67 from ¥0.42 in the previous year[19]. - The net profit after deducting non-recurring gains and losses decreased by 71.84% to ¥19,866,178.46 from ¥70,545,481.13 in the same period last year[19]. - The total operating revenue for the first half of 2015 was CNY 256,579,030.66, an increase of 6.3% compared to CNY 241,758,493.61 in the same period last year[112]. - Net profit for the first half of 2015 reached CNY 118,553,915.85, representing a 58.7% increase from CNY 74,699,469.65 in the previous year[113]. - The company reported a comprehensive income total of CNY 125,887,959.05, compared to a loss of CNY 255,930,950.37 in the same period last year[114]. - The net profit attributable to shareholders for the first three quarters of 2015 is expected to range from ¥123.62 million to ¥142.64 million, representing a year-on-year increase of 30.00% to 50.00%[59]. Assets and Liabilities - The total assets at the end of the reporting period were ¥2,137,272,347.67, a decrease of 2.47% from ¥2,191,337,196.89 at the end of the previous year[19]. - The company's total assets decreased from CNY 2,191,337,196.89 at the beginning of the period to CNY 2,137,272,347.67 at the end, representing a decline of approximately 2.5%[106]. - Cash and cash equivalents dropped significantly from CNY 254,077,223.17 to CNY 95,329,569.94, a decrease of about 62.5%[103]. - Accounts receivable increased from CNY 102,477,568.81 to CNY 146,278,069.03, reflecting a growth of approximately 42.7%[103]. - Total liabilities decreased from CNY 471,352,487.75 to CNY 327,754,735.08, representing a decline of about 30.4%[105]. - The total liabilities at the end of the period were 687,223,471.44 yuan[132]. Cash Flow - The net cash flow from operating activities was negative at -¥13,133,844.81, compared to a positive cash flow of ¥8,192,948.74 in the same period last year, indicating a 260.31% decline[19]. - The company reported a net cash outflow from operating activities of CNY -13,133,844.81, compared to a net inflow of CNY 8,192,948.74 in the same period last year[120]. - Cash flow from investment activities generated a net inflow of CNY 27,130,207.29, down from CNY 62,915,981.82 in the previous year[120]. - The net cash flow from investment activities was ¥97,650,305.25, with cash inflows totaling ¥403,547,621.04 and outflows of ¥305,897,315.79[124]. - The company received cash from financing activities amounting to ¥3,000,000.00, while cash outflows for financing activities totaled ¥70,434,172.27, leading to a net cash flow of -¥70,434,172.27[124]. Shareholder Information - The total number of shares before the change was 176,762,528, with 28.26% being restricted shares and 71.74% being unrestricted shares[91]. - The largest shareholder, Shen Guofu, holds 21.36% of the shares, totaling 37,759,236 shares[93]. - The company has a 2.71% stake in Haining Leather City, holding 30,300,000 unrestricted shares at the end of the reporting period[41]. - The company distributed cash dividends of ¥2.0 per 10 shares, totaling ¥35.35 million, based on a total share capital of 176,762,528 shares[60]. - The company plans not to distribute cash dividends or issue bonus shares for this period[4]. Research and Development - R&D investment increased by 23.87% to CNY 8.55 million, indicating a strong commitment to technology development[29]. - Wilder has developed over 60 patents related to ultrasound diagnosis and treatment, along with more than 40 software copyrights, highlighting its strong R&D capabilities[36]. - The company is focused on expanding into new medical device markets, indicating a strategic direction towards growth and diversification[36]. - The company is actively participating in the national cavitation therapy device "863 project" and has made significant progress in clinical trials and registration of its in-vitro diagnostic reagent series and ultrasound thrombolysis devices[36]. Financial Management - The company reduced financial expenses by 72.63%, primarily due to decreased interest income[29]. - Wilder's total entrusted financial management amounted to CNY 113,680,000, with actual income of CNY 463.92 million during the reporting period[44]. - The company has not engaged in any derivative investments or entrusted loans during the reporting period[45][46]. - The company has not reported any changes in significant accounting policies or estimates during the reporting period[191]. Compliance and Governance - The semi-annual financial report was not audited[85]. - The company faced no penalties or rectifications during the reporting period[86]. - There were no significant litigation or arbitration matters during the reporting period[66]. - The company did not engage in any asset sales or mergers during the reporting period[69][70]. - The financial statements have been approved by the board of directors on August 25, 2015, and are based on the assumption of going concern[140][141].

Financial Performance - The company's operating revenue for Q1 2015 was ¥112,622,207.48, a decrease of 2.29% compared to ¥115,261,225.96 in the same period last year[9]. - Net profit attributable to shareholders increased significantly to ¥111,313,572.37, up 520.22% from ¥17,947,540.11 year-on-year[9]. - The net profit after deducting non-recurring gains and losses was ¥9,510,721.75, a decrease of 42.05% compared to ¥16,411,844.09 in the previous year[9]. - Total profit rose by 520.91% to ¥130,101,093.27, primarily due to the aforementioned investment income increase[17]. - The company expects net profit for the first half of 2015 to increase by 60.00% to 90.00%, estimating between ¥11,959.81 million and ¥14,202.27 million[21]. Cash Flow and Assets - The net cash flow from operating activities was ¥14,169,439.13, representing a 226.69% increase from ¥4,337,284.58 in the same period last year[9]. - Operating cash flow net amount increased by 226.69% to ¥14,169,439.13, resulting from higher sales collections and reduced payments to suppliers[17]. - Cash and cash equivalents decreased by 65.46% to ¥87,758,029.66 due to payments for the acquisition of shares in Haining Hongda Microfinance Co., Ltd.[17]. - Other current assets increased by 52.59% to ¥269,294,201.28 due to investments in bank wealth management products using idle funds[17]. Shareholder Information - Basic and diluted earnings per share reached ¥0.63, reflecting a 530.00% increase from ¥0.10 in the previous year[9]. - The weighted average return on equity was 6.07%, up 5.04 percentage points from 1.03% year-on-year[9]. - Total assets at the end of the reporting period were ¥2,264,801,437.01, an increase of 3.35% from ¥2,191,337,196.89 at the end of the previous year[9]. - Net assets attributable to shareholders increased by 13.19% to ¥1,945,951,596.12 from ¥1,719,132,980.55 at the end of the previous year[9]. - The total number of ordinary shareholders at the end of the reporting period was 18,167[13]. - The largest shareholder, Shen Guofu, held 21.36% of the shares, totaling 37,759,236 shares[13]. Investment and Taxation - Investment income surged by 10,380.48% to ¥124,319,295.43, driven by the sale of 7 million shares of Haining Leather City and increased equity method investment income from Haining Hongda Microfinance[17]. - The company reported a 93.70% increase in taxes payable to ¥31,045,731.49, resulting from capital gains tax on the sale of Haining Leather City shares[17]. - The company reduced its holdings in Haining Leather City by 7 million shares at an average price of ¥17.87 per share, representing 0.62% of the total share capital[23]. - Prepaid accounts increased by 78.78% to ¥16,094,564.19, attributed to higher prepayments for raw materials and equipment[17].

Financial Performance - The company's operating revenue for 2014 was ¥545,115,309.32, a decrease of 6.96% compared to ¥585,872,264.57 in 2013[22] - Net profit attributable to shareholders increased by 44.73% to ¥117,522,009.40 in 2014, up from ¥81,200,219.18 in 2013[22] - The net profit after deducting non-recurring gains and losses was ¥67,373,250.66, a decrease of 20.40% from ¥84,637,712.55 in the previous year[22] - The net cash flow from operating activities rose by 47.66% to ¥118,942,758.20, compared to ¥80,550,579.89 in 2013[22] - Basic earnings per share increased by 37.50% to ¥0.66 in 2014, up from ¥0.48 in 2013[22] - Total assets at the end of 2014 were ¥2,191,337,196.89, reflecting a 0.55% increase from ¥2,179,426,184.91 at the end of 2013[22] - Net assets attributable to shareholders decreased by 7.50% to ¥1,719,132,980.55, down from ¥1,858,498,243.16 in 2013[22] - The weighted average return on equity was 6.58%, an increase from 4.99% in the previous year[22] Revenue and Sales - In 2014, the company achieved operating revenue of CNY 545.12 million, with a net profit attributable to shareholders of CNY 117.52 million, representing a year-on-year growth of 44.73%[29] - The total revenue for the company in 2014 was CNY 536,427,455.64, a decrease of 7.06% compared to the previous year[47] - The revenue from the fabric weaving segment was CNY 288,561,787.76, which decreased by 5.60% year-on-year, with a gross margin of 35.81%[47] - The medical device segment reported revenue of CNY 92,525,653.87, down 19.58% from the previous year, with a gross margin of 31.44%[47] - The company’s top five customers accounted for 24.68% of total sales, with the largest customer contributing CNY 74.28 million, or 13.63% of total sales[35] Costs and Expenses - The total operating cost for 2014 was CNY 385,004,178.21, a decrease of 1.91% compared to CNY 392,496,889.97 in 2013[38] - The main business cost for dyeing and finishing processing increased by 55.54% to CNY 39,629,383.66, compared to CNY 25,478,858.32 in 2013[39] - The medical device business cost decreased by 5.21% to CNY 63,439,093.47 from CNY 66,922,616.25 in 2013[38] - The total sales expenses decreased by 13.01% to CNY 25,334,139.81 from CNY 29,122,527.85 in 2013[41] - The total management expenses increased by 15.03% to CNY 58,109,264.35 compared to CNY 50,515,118.01 in 2013[41] Investments and Acquisitions - The company expanded its investment portfolio by acquiring minority shares in Jiaxing Hongda Import and Export Co., transforming it into a wholly-owned subsidiary, which improved profitability[29] - The company invested CNY 71.52 million in fundraising projects during the reporting period, focusing on enhancing operational efficiency and environmental sustainability[32] - The company completed the acquisition of a 20% stake in Jiaxing Hongda Import and Export Co., Ltd. for 1,175,000 RMB, with no impact on net profit[105] - The company also acquired a 26.81% stake in Haining Hongda Microfinance Co., Ltd., contributing a net profit of 10.64 million RMB, representing 9.06% of total profit[106] Research and Development - Research and development expenditure increased by 12.59% to CNY 18,278,917.84, representing 3.35% of operating income[42] - The company has invested in the "Ultrasound Diagnostic Equipment Industrial Upgrade Project" and "Ultrasound Treatment Equipment Industrial Project (Phase I)" to meet future market demands[87] - The company has established a new partnership with a leading technology firm to enhance product offerings and improve operational efficiency[153] - The company aims to enhance R&D investment in warp-knitted fabrics to maintain technological leadership in automotive interior materials and expand into new application areas[83] Market and Competition - The company has identified risks related to market competition and raw material price fluctuations, which may impact future performance[13] - The global medical device market is expected to grow at a rate of approximately 7% due to economic development, population growth, and increasing health awareness[80] - The ultrasound diagnostic equipment market in China is projected to reach CNY 9.13 billion in 2015, indicating a stable growth phase from a medium-sized market to a large-scale market[81] - The company faces market competition risks in both the warp-knitted fabric and medical device sectors, with increasing competition from multinational companies in the ultrasound diagnostic market[85] Dividends and Shareholder Returns - The company plans to distribute a cash dividend of ¥2 per 10 shares to all shareholders based on a total share capital of 176,762,528 shares as of December 31, 2014[5] - The cash dividend distribution for 2014 represents 30.08% of the net profit attributable to shareholders[94] - The company has experienced a consistent increase in undistributed profits, with RMB 217,934,081.88 carried forward to future distributions[93] Governance and Compliance - The company has established a comprehensive governance structure, complying with relevant laws and regulations, ensuring effective decision-making and operational coordination[166] - The board of directors consists of nine members, including three independent directors, complying with legal and regulatory requirements[168] - The company has implemented strict measures to protect its core technologies from leakage, which is critical in the technology-intensive medical device industry[87] - The audit opinion for Hongda High-Tech Holdings Co., Ltd. is a standard unqualified opinion, indicating that the financial statements fairly present the company's financial position as of December 31, 2014[199] Employee and Management Structure - The company employed a total of 707 staff, with 55.45% in production and other roles, and 22.07% in R&D or technical positions[162] - The remuneration for the chairman, Shen Guofu, was 689,100 yuan, while the total remuneration for the vice chairman, Li Hong, was 266,100 yuan[158] - The company has established a transparent performance evaluation and incentive mechanism for senior management, linking compensation to performance[169] Financial Position and Audit - The financial statements were prepared in accordance with the Chinese Accounting Standards, reflecting the company's financial results and cash flows for the year 2014[199] - The audit procedures involved assessing the risk of material misstatement due to fraud or error, and evaluating the appropriateness of accounting policies and estimates used by management[198] - The company emphasizes the importance of internal accountability for information disclosure, with potential penalties for violations[191]

Financial Performance - Operating revenue for the reporting period was CNY 163,390,038.09, an increase of 11.40% year-on-year[4] - Net profit attributable to shareholders of the listed company was CNY 20,344,786.21, up 13.81% compared to the same period last year[4] - Net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 17,599,125.87, a slight increase of 2.32% year-on-year[4] - Basic earnings per share were CNY 0.12, reflecting a growth of 20.00% compared to the same period last year[4] - The company's net profit for 2014 is expected to increase by 30.00% to 60.00%, ranging from ¥10,556.03 million to ¥12,992.03 million[17] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,909,425,294.03, a decrease of 12.39% compared to the end of the previous year[4] - Net assets attributable to shareholders of the listed company were CNY 1,656,492,700.97, down 10.87% from the previous year[4] - The total number of ordinary shareholders at the end of the reporting period was 176,762,528[8] - Short-term borrowings decreased by 79.18% to ¥1,651,638.63, attributed to reduced bank guarantees by a wholly-owned subsidiary[12] - Deferred tax liabilities decreased by 37.92% to ¥76,047,107.85 due to fair value changes of shares held[12] Cash Flow and Investments - The net cash flow from operating activities for the year-to-date was CNY 34,051,070.95, down 47.57% year-on-year[4] - Investment income surged by 806.09% to ¥57,796,897.65 due to the reduction of shares in Haining China Leather City[12] - Other current assets rose by 36.98% to ¥144,975,524.30 as the company invested idle raised funds in financial products[12] - Financial expenses turned positive with an increase of 836.21% due to higher interest income[12] Shareholder Information - The top shareholder, Shen Guofu, held 21.36% of the shares, totaling 37,759,236 shares[8] Operational Changes - Prepayments increased by 50.29% to ¥19,790,084.70 due to increased procurement of raw materials[12] - Construction in progress rose by 254.81% to ¥96,262,285.46 due to ongoing projects and new equipment installations[12] - The company holds 37,300,000 shares of Haining China Leather City, representing 3.33% of the company, with a market value of ¥546,072,000.00[18] Taxation - Income tax expenses increased by 63.29% to ¥14,251,318.24, reflecting an increase in total profit[12] Return on Investment - The weighted average return on net assets was 1.07%, a decrease of 0.05% from the previous year[4]

Financial Performance - The company achieved operating revenue of CNY 241,758,493.61, a decrease of 14.42% compared to the same period last year[20]. - Net profit attributable to shareholders reached CNY 74,748,777.48, representing a year-on-year increase of 56.42%[20]. - The net profit after deducting non-recurring gains and losses was CNY 70,545,481.13, up 55.00% year-on-year[20]. - The total profit for the period was CNY 87,062,500, reflecting a year-on-year increase of 58.93%[27]. - The main business revenue was CNY 236,135,300, a decrease of 14.62% compared to the same period last year[27]. - Basic earnings per share increased to CNY 0.42, a rise of 44.83% compared to the same period last year[20]. - The company's operating revenue for the reporting period was $241.76 million, a decrease of 14.42% compared to the same period last year, which was $282.50 million[29]. - The company's operating costs decreased by 8.64% to $171.00 million from $187.18 million year-on-year[29]. - The total amount of raised funds is 28,719,000 CNY, with 5,343,730 CNY already utilized[43]. - The company distributed a cash dividend of 2.0 RMB per 10 shares, totaling 35.35 million RMB for the 2013 fiscal year[54]. Cash Flow and Liquidity - The company reported a significant decline in net cash flow from operating activities, totaling CNY 8,192,948.74, down 71.21% from the previous year[20]. - The net cash flow from operating activities decreased significantly by 71.21% to $8.19 million, down from $28.46 million in the same period last year[29]. - The company reported a net increase in cash and cash equivalents of $40.91 million, a decline of 76.68% from $175.45 million in the previous year[29]. - The company's cash and cash equivalents decreased from 413,701,484.46 RMB at the beginning of the period to 363,510,518.70 RMB at the end[83]. - The company's cash and cash equivalents increased to CNY 165,120,586.62 from CNY 158,078,802.98, indicating improved liquidity[87]. - The total cash and cash equivalents at the end of the period amounted to 36,871,586.62 CNY, down from 48,291,334.20 CNY in the previous period, reflecting a decrease of 23.5%[102]. Investment and R&D - The company plans to continue increasing its investment in technology research and development to enhance competitiveness[26]. - Research and development expenses increased by 4.72% to $14.77 million, compared to $14.10 million in the previous year[29]. - The company invested $1.09 million in fundraising projects during the reporting period, with adjustments made to the internal investment structure and progress[32]. - The company has a total of 50 patents related to ultrasound diagnosis and treatment, and 42 software copyrights[36]. - The company is actively pursuing new product development and technological advancements in the medical device sector[179]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,806,616,418.23, down 17.11% from the end of the previous year[20]. - Non-current assets totaled CNY 1,062,622,086.89, a significant decrease from CNY 1,424,318,378.77 in the previous period, indicating potential asset divestitures or impairments[84]. - Total liabilities decreased to CNY 238,422,383.31 from CNY 318,743,275.94, reflecting a reduction in both current and non-current liabilities[85]. - The company reported a decrease in total shareholders' equity to CNY 1,568,194,034.92 from CNY 1,860,682,908.97, reflecting the impact of reduced profits and asset valuations[85]. Shareholder Information - The company reported a total of 176,762,528 shares outstanding, with 70.32% being unrestricted shares[71]. - The largest shareholder, Shen Guofu, holds 21.36% of the shares, totaling 37,759,236 shares[73]. - The company’s major shareholder, Shen Guofu, has committed to not transferring shares for 12 months from August 5, 2013, with an additional commitment to extend the lock-up period[66]. - The total number of ordinary shareholders at the end of the reporting period was 12,339[73]. Market Position and Strategy - The company has established a dual main business model focusing on medical devices and warp-knitted fabrics, enhancing its competitive edge in the market[35]. - The company continues to expand its marketing service network and improve after-sales service quality, with efforts to recruit more marketing personnel[31]. - The company has established stable long-term partnerships with major automotive manufacturers, including Shanghai Volkswagen and BYD[36]. - The company has achieved a significant brand reputation, recognized as a Chinese famous brand and awarded the national inspection exemption[37]. Compliance and Governance - The financial report for the first half of 2014 has not been audited[68]. - The company has not reported any breaches of commitments made by major shareholders during the reporting period[67]. - The company has made commitments regarding shareholding and management continuity following significant asset restructuring in 2010[67]. Impairment and Provisions - The company reported a significant decline in the fair value of available-for-sale financial assets, indicating potential impairment losses if the decline is deemed non-temporary[133]. - The company applies a percentage-based method for bad debt provision, with 100% provision for receivables over 5 years old[137]. - The company has established criteria for recognizing bad debt provisions based on the financial difficulties of debtors, including defaults and significant financial restructuring[135]. Taxation - The company has a corporate income tax rate of 15% for its subsidiary Shenzhen Weirder Medical Electronics Co., Ltd., while other subsidiaries are subject to a 25% tax rate[173]. - The company benefits from a tax refund policy for exported goods, with rates of 16% for knitted fabrics and 15% for sofas[174].

Financial Performance - Revenue for the first quarter was CNY 115,261,225.96, a decrease of 12.16% compared to CNY 131,213,579.28 in the same period last year[8] - Net profit attributable to shareholders was CNY 17,947,540.11, down 9.71% from CNY 19,877,967.78 year-on-year[8] - Non-operating income decreased by 57.95% to CNY 831,597.26, primarily due to the absence of gains from the disposal of non-current assets in the current period[17] - The net profit attributable to shareholders for the first half of 2014 is expected to increase by 50% to 80%, ranging from 71.68 million to 86.02 million CNY, compared to 47.79 million CNY in the first half of 2013[22] Cash Flow and Assets - Net cash flow from operating activities increased by 585.33%, reaching CNY 4,337,284.58, compared to a negative cash flow of CNY -893,683.32 in the previous year[8] - Total assets decreased by 14.25% to CNY 1,868,817,123.54 from CNY 2,179,426,184.91 at the end of the previous year[8] - Net assets attributable to shareholders fell by 13.15% to CNY 1,614,193,654.67 from CNY 1,858,498,243.16[8] Shareholder Information - The number of shareholders at the end of the reporting period was 11,558[11] - The top shareholder, Shen Guofu, holds 21.36% of the shares, totaling 37,759,236 shares[11] Accounts Receivable and Investments - The company reported a significant increase in accounts receivable, up 81.20% to CNY 42,470,186.95 due to increased acceptance bills received[17] - The company has reduced part of its available-for-sale financial assets, resulting in increased profits[22] - As of March 31, 2014, the company holds 41,302,800 shares of Haining China Leather City Co., Ltd., accounting for 3.69% of the total shares, with a market value of approximately 549.74 million CNY[23] Return on Equity - The weighted average return on equity decreased to 1.03% from 1.51% year-on-year, a decline of 0.48%[8]

Financial Performance - The company's operating revenue for 2013 was ¥585,872,264.57, a decrease of 6.81% compared to ¥628,716,491.53 in 2012[25] - The net profit attributable to shareholders for 2013 was ¥81,200,219.18, down 29.22% from ¥114,718,979.33 in 2012[25] - The net profit after deducting non-recurring gains and losses was ¥84,637,712.55, a decrease of 15.32% from ¥99,945,667.10 in 2012[25] - The basic earnings per share for 2013 was ¥0.48, a decline of 36.84% compared to ¥0.76 in 2012[25] - The total assets at the end of 2013 were ¥2,179,426,184.91, an increase of 42.02% from ¥1,534,637,052.61 at the end of 2012[25] - The net assets attributable to shareholders at the end of 2013 were ¥1,858,498,243.16, up 48.24% from ¥1,253,668,136.58 at the end of 2012[25] - The net cash flow from operating activities for 2013 was ¥80,550,579.89, a decrease of 16.45% from ¥96,407,550.27 in 2012[25] - The weighted average return on equity for 2013 was 4.99%, down 4.82% from 9.81% in 2012[25] Revenue Breakdown - In 2013, the company achieved operating revenue of CNY 585.87 million, a year-on-year decrease of 6.81%[32] - The net profit attributable to shareholders was CNY 81.20 million, down 29.22% compared to the previous year[32] - The main business revenue was CNY 577.15 million, reflecting a decline of 6.56% year-on-year[33] - The medical device segment saw a significant revenue drop of 44.23%, from CNY 206.29 million in 2012 to CNY 115.05 million in 2013[38] - The automotive interior fabric sales increased by 23.82%, contributing CNY 210.79 million, which accounted for 36.52% of total revenue[38] Cost and Expenses - The company reported a 10.34% increase in the cost of fabric weaving, amounting to CNY 182.38 million, which represented 46.47% of total operating costs[41] - The main business cost for automotive interior fabrics in 2013 was ¥126,838,603.16, accounting for 32.32% of total operating costs, with a year-on-year increase of 16.02%[44] - The total operating costs for 2013 amounted to ¥392,496,889.97, representing a decrease of 4.5% compared to 2012[44] - Research and development expenditure in 2013 was ¥16,234,683.73, which is 2.77% of operating income, up from 2.22% in 2012[48] - The sales expenses for 2013 rose to ¥29,122,527.85, reflecting a 16.80% increase due to higher sales and transportation costs[47] Investments and Funding - The total amount of raised funds is 42,353.3 million yuan, with 4,262.41 million yuan invested during the reporting period[71] - Cumulative raised funds used amount to 16,314.1 million yuan, with a change in purpose for 1,743.98 million yuan, accounting for 4.12% of the total[71] - The company has completed the use of its fundraising account, with a balance of zero as of December 31, 2013[72] - The net amount from the non-public offering of shares raised 28,719 million yuan, with 4,253.65 million yuan used in 2013[73] Market Position and Strategy - The company aims to strengthen its medical device sector by developing a comprehensive R&D-production-sales-training system and enhancing its brand presence[91] - The company plans to maintain and increase its market share in automotive interior fabrics, focusing on expanding into new product markets such as automotive curtains and seat fabrics[91] - The company faces market competition risks in both the medical device and warp-knitted fabric sectors, with increasing competition from multinational corporations[92] - The company is exposed to raw material price fluctuation risks, particularly for nylon and polyester yarns used in its warp-knitted products[92] Corporate Governance - The company has established a comprehensive governance structure, including rules for the board of directors and various committees, ensuring effective decision-making and operational independence[168] - The board consists of nine members, including three independent directors, complying with legal and regulatory requirements[169] - The company has implemented a performance evaluation and incentive mechanism for senior management, linking compensation to company performance[171] - The internal control system is comprehensive, covering various aspects such as financial management, procurement, sales, and human resources, ensuring compliance and risk management[192] Shareholder Information - The total number of shareholders at the end of the reporting period was 9,799, compared to 11,952 five trading days before the annual report disclosure[138] - The largest shareholder, Shen Guofu, holds 21.36% of the shares, amounting to 37,759,236 shares, with 7,551,847 shares pledged[138] - The second-largest shareholder, Li Hong, holds 6.12% of the shares, totaling 10,818,800 shares, with 2,704,700 shares pledged[138] - The company has a total of 9,000,000 shares held by Ping An Dazhong Fund Company, representing 5.09% of the shares[138] Employee and Management - The company has a total of 712 employees, with 57.87% in production and other roles, and 16.99% in R&D or technical positions[163] - The company has appointed several new executives in 2013, including Gu Weifeng as deputy general manager and Sun Yunhao as employee supervisor, reflecting a focus on development needs[162] - The total remuneration for directors, supervisors, and senior management during the reporting period amounted to CNY 305.45 million, with CNY 289.75 million from the company and CNY 10.85 million from shareholder units[159] Research and Development - The company focused on R&D, successfully obtaining registration for self-developed ultrasound products, and continued to enhance product quality and performance[33] - The company has applied for over thirty patents related to its core technologies in ultrasound diagnostic and treatment devices, highlighting its focus on maintaining competitive advantages[93] - The company will establish research and development centers to maintain technological leadership and continuous product development[95]