Financial Performance - The company's operating revenue for 2013 was CNY 849,521,030, representing a 21.34% increase compared to CNY 700,094,360 in 2012[21] - The net profit attributable to shareholders for 2013 was CNY 149,208,317.82, a 39.90% increase from CNY 106,655,178.52 in 2012[21] - The net cash flow from operating activities increased by 34.39% to CNY 211,692,414.10 from CNY 157,516,270.20 in the previous year[21] - The basic earnings per share for 2013 was CNY 0.6220, up 39.90% from CNY 0.4446 in 2012[21] - Total assets at the end of 2013 were CNY 1,146,534,057.33, reflecting a 14.76% increase from CNY 999,110,661.36 at the end of 2012[22] - The net assets attributable to shareholders increased by 12.18% to CNY 867,718,019.57 from CNY 773,488,442.48 in 2012[22] - The weighted average return on equity for 2013 was 18.38%, an increase from 14.21% in 2012[21] - The gross profit margin for the main business was 36.05%, with a slight decrease from the previous year[41] Market Strategy and Expansion - The company plans to continue expanding its market presence and invest in new product development, although specific financial forecasts are subject to market conditions[12] - The company successfully acquired land use rights for a 55,035.1 square meter plot in Shanghai, aimed at expanding production capacity[30] - The company expects stable growth in the central air conditioning industry, aligning with GDP trends, particularly in the central and western regions of China[78] - The demand for commercial and industrial refrigeration equipment is increasing due to urbanization and industrialization in China, with a focus on automation in cold chain logistics[79] - The company anticipates a significant growth in the construction of small and medium-sized cold storage facilities driven by the rise of fresh e-commerce and agricultural production[80] - The company plans to establish a new factory covering an area of 55,035.1 square meters, with construction expected to be completed by the end of 2015[90] - The company will fully launch sales channels for permanent magnet brushless and oil-free air compressor products in 2014, targeting markets in Taiwan, India, Vietnam, and Southeast Asia[87] Research and Development - Research and development investment increased by 35.63% to CNY 41,704,685.71, indicating a focus on new product development[35] - The company will continue to develop vacuum pump products tailored to various applications, responding to the recovering market demand in 2013[87] - The company has a strong technical advantage in the screw compressor field, holding 56 patents, including 4 invention patents and 44 utility model patents[66] - The company has initiated the mass production of new compressor models, including open-type compressors and two-stage low-temperature systems, to meet the growing demand in the cold chain logistics sector[86] Shareholder and Dividend Information - The board approved a cash dividend of CNY 3.50 per 10 shares, with no bonus shares issued[6] - The company has proposed a cash dividend of CNY 3.5 per 10 shares for the 2013 fiscal year, totaling CNY 83.96 million in cash dividends[99] - The company plans to distribute a cash dividend of RMB 3.5 per 10 shares (including tax), totaling RMB 83,958,682.50, based on a total share capital of 239,881,950 shares[103] - The cash dividend represents 100% of the total profit distribution amount[103] - The company has maintained a net profit attributable to shareholders of RMB 149,208,317.82 for the year 2013, with a dividend payout ratio of 56.27%[101] Corporate Governance and Compliance - The company has consistently improved its corporate governance structure and internal management operations in compliance with relevant laws and regulations[104] - The company has established a governance structure that complies with relevant laws and regulations, ensuring the protection of investor interests[183] - The board of directors consists of nine members, including three independent directors, meeting legal and regulatory requirements[189] - The supervisory board is composed of three members, including one employee supervisor, ensuring compliance with legal standards[190] - The company has implemented various internal control systems to enhance governance and operational efficiency[184] - The company has established a fair performance evaluation system, implementing the BSC performance scoring mechanism to link employee income with work performance[192] Social Responsibility and Community Engagement - The company emphasizes social responsibility and actively participates in charitable activities and community support[108] - The company actively promotes energy conservation and waste reduction initiatives among employees[105] - The company has maintained a commitment to balancing the interests of shareholders, employees, customers, and society[193] Employee Information and Compensation - As of December 31, 2013, the total number of employees in the company was 609[170] - The total number of employees in the wholly-owned subsidiary Zhejiang Hansheng Precision Machinery Co., Ltd. was 192 as of December 31, 2013[172] - The total number of employees in the wholly-owned subsidiary Shanghai Kema Machinery Co., Ltd. was 19 as of December 31, 2013[175] - The total compensation for the board of directors, supervisors, and senior management during the reporting period amounted to 6.5744 million RMB, with 4.5764 million RMB from the company and 1.998 million RMB from shareholder units[167][168] - The chairman and general manager received a total compensation of 1.2362 million RMB, which includes 1.0802 million RMB from the company and 156,000 RMB from shareholder units[167] Related Party Transactions - The total amount of related party transactions was 5,173.31 million RMB, with the largest transaction being the purchase of compressors and components from Taiwan Hanchung amounting to 2,138.95 million RMB, representing 3.95% of similar transactions[119] - The company provided rental services to Hitachi Machinery for 123.17 million RMB during the reporting period[128] - The actual procurement amount from Taiwan Hanchung was 2,138.95 million RMB, within the estimated range of 24 million RMB[120] - The actual sales amount to Taiwan Hanchung was 1,275.44 million RMB, also within the estimated range of 20 million RMB[120] Audit and Financial Reporting - The company has maintained a continuous audit service with Da Hua Accounting Firm for 9 years, with an audit fee of 600,000 RMB[133] - An internal audit system has been established to evaluate the effectiveness of internal controls and the compliance of financial statements[195] - The board of directors has held 5 meetings during the reporting period, with all directors fulfilling their duties responsibly[199] - Independent directors have actively participated in meetings and provided independent opinions on various matters, with no dissenting views reported[198]