烟台泰和新材料股份有限公司 2014 年第一季度报告正文 证券代码：002254 证券简称：泰和新材 公告编号：2014-016 烟台泰和新材料股份有限公司 2014 年第一季度报告正文 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。 除下列董事外，其他董事亲自出席了审议本次季报的董事会会议 | 未亲自出席董事姓名 | 未亲自出席董事职务 | 未亲自出席会议原因 | 被委托人姓名 | | --- | --- | --- | --- | | 滕飞 | 董事 | 出差 | 纪纯 | 公司负责人孙茂健、主管会计工作负责人顾裕梅及会计机构负责人(会计主 管人员)顾裕梅声明：保证季度报告中财务报表的真实、准确、完整。 1 烟台泰和新材料股份有限公司 2014 年第一季度报告正文 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 | | 本报告期 | 上年同期 | 本报告期比上年同期增减 | | --- ...

Financial Performance - The company's operating revenue for 2013 was CNY 1,770,052,460.49, representing a 15.63% increase compared to CNY 1,530,793,935.40 in 2012[20] - The net profit attributable to shareholders for 2013 was CNY 84,279,634.69, an increase of 89.61% from CNY 44,447,788.74 in 2012[20] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 73,931,402.94, reflecting a 162.15% increase from CNY 28,201,955.93 in 2012[20] - The net cash flow from operating activities for 2013 was CNY 126,664,879.09, a 67.13% increase from CNY 75,786,844.92 in 2012[20] - Basic earnings per share for 2013 were CNY 0.17, up 88.89% from CNY 0.09 in 2012[20] - Total assets at the end of 2013 were CNY 2,293,697,611.25, a 4.52% increase from CNY 2,194,475,589.92 at the end of 2012[20] - The net assets attributable to shareholders at the end of 2013 were CNY 1,720,024,403.06, a 7.92% increase from CNY 1,593,832,280.35 at the end of 2012[20] - The weighted average return on equity for 2013 was 5.15%, an increase of 2.39 percentage points from 2.76% in 2012[20] Cash Flow and Investments - The net cash flow from operating activities increased by 67.13% year-on-year, primarily due to improved profitability and better receivables collection[35] - Total cash inflow from investment activities decreased by 48.59% year-on-year, as there were no cash inflows from the sale of properties during the reporting period[36] - Total cash inflow from financing activities increased by 30.38% year-on-year, mainly due to an increase in short-term borrowings and minority shareholder investments[36] - The net increase in cash and cash equivalents rose by 275.45% year-on-year, reflecting the overall positive cash flow situation[36] - The company reported a net cash outflow from investing activities of CNY -10,765,047.04, an improvement from CNY -17,785,350.02 in the previous year[170] Market and Product Development - The sales volume of the company's products increased by 13.64% to 34,998.89 tons in 2013, up from 30,798.83 tons in 2012[30] - The company achieved a significant increase in the sales volume of its differentiated products, with the sales of the high-performance aramid fiber increasing by over 100% year-on-year[26] - The company plans to continue expanding its market share in high-end fields and enhance its competitive edge through differentiated production and specialized development strategies[28] - The company is focusing on new product development, particularly in advanced materials, to meet market demands[78] - Future guidance indicates an expected revenue growth of 20% for the next fiscal year[78] Research and Development - Research and development expenditure rose by 21.08% to ¥109,057,066.88 in 2013, accounting for 6.16% of operating revenue, compared to 5.88% in 2012[33] - The R&D expenditure increased by 10% compared to the previous year, emphasizing the commitment to innovation[78] Risk Management and Strategy - The company has identified potential risks for 2013 and outlined strategies to mitigate these risks in its report[5] - The company plans to upgrade its differentiated production lines to improve efficiency and reduce costs, aiming to meet the growing market demand for differentiated products[58] - The company aims to accelerate the development of high-precision fibers and expand applications in fields such as fire protection, military, and industrial safety[59] Shareholder and Governance - The company does not plan to distribute profits for the year 2013, nor will it convert reserves into share capital[5] - The company has not proposed any cash dividend distribution for 2013, despite having a positive undistributed profit, due to significant capital expenditures planned for 2014[68] - The company has established a management system for insider information, ensuring compliance and preventing insider trading[127] - The company has a clear strategy for governance and management, ensuring accountability and performance oversight[122] Environmental and Social Responsibility - The company emphasizes environmental protection, achieving the lowest historical levels of resource consumption for water, electricity, and coal[71] - The company has made significant investments in environmental protection measures to control pollutants during production[71] - The company has not been classified as a heavily polluting industry by environmental protection authorities[71] Employee and Management Structure - As of December 31, 2013, the company had a total of 1,283 employees[115] - The company has a diverse employee structure, with various professional backgrounds and educational levels[116] - The management team is focused on expanding the company's market presence and enhancing product development capabilities[101][102] Financial Stability - The company's total liabilities decreased, leading to improved financial stability and a stronger balance sheet[29] - The total amount of short-term borrowings rose to ¥9,584,760.40, representing 0.42% of total assets, an increase from 0.08% the previous year[41] - The total owner's equity reached CNY 1,865,112,701.50, up from CNY 1,733,602,627.99, indicating an increase of approximately 7.6%[157] Audit and Compliance - The company maintained a standard unqualified audit opinion for the financial statements as of December 31, 2013[148] - The company reported no significant internal control deficiencies during the reporting period[144] - The current auditor, Xinyong Zhonghe, has been serving the company for 12 consecutive years, with an audit fee of 370,000 RMB[84]