Financial Performance - The company's operating revenue for 2013 was CNY 616,291,416.45, representing a 2.11% increase compared to CNY 603,557,117.48 in 2012[24] - The net profit attributable to shareholders for 2013 was CNY 29,148,406.60, a decrease of 9.44% from CNY 32,185,585.89 in 2012[24] - The total profit amounted to CNY 24,672,782.19, a decrease of 4.32% year-on-year, while the net profit attributable to shareholders was CNY 29,148,406.60, down 9.44%[32] - The basic earnings per share for 2013 was CNY 0.2183, a decrease of 9.46% from CNY 0.2411 in 2012[24] - The weighted average return on equity for 2013 was 4.01%, down from 4.31% in 2012[24] - The total revenue for the year 2013 was 37,600,825, with a net profit of 1,250,494, representing a significant increase compared to the previous year[119] - The company reported a significant increase in long-term equity investments to CNY 67,153,000.00 from CNY 36,061,239.41, marking an increase of approximately 86.3%[189] - The total profit for the current period is CNY 29,175,009.63, down from CNY 37,080,445.30 in the previous period, representing a decrease of approximately 21.5%[196] Cash Flow and Assets - The net cash flow from operating activities increased significantly by 129.55% to CNY 115,037,679.04 from CNY 50,113,557.22 in 2012[24] - The company’s cash flow from operating activities increased by 129.55% to CNY 115,037,679.04, driven by higher sales revenue[32] - The total amount of cash and cash equivalents increased by ¥13,184,343.98, compared to a decrease of ¥11,422,737.79 in the previous year[51] - Current assets totaled CNY 656,615,554.51, down from CNY 748,416,747.68, indicating a decrease of approximately 12.3%[181] - Inventory decreased significantly to CNY 74,233,196.34 from CNY 133,914,277.86, reflecting a reduction of about 44.5%[181] - Total assets amounted to CNY 912,460,399.59, a slight decrease from CNY 974,239,012.04, indicating a decline of about 6.3%[183] - The company maintained a stable cash position with cash and cash equivalents at CNY 292,614,659.69, slightly up from CNY 285,482,185.71[181] Investment and Development - The company invested CNY 30 million to establish Sichuan Fusheng Electric Co., Ltd. in collaboration with Hangzhou Fusheng Electric Co., Ltd.[36] - The company has obtained a total of 29 patents and inventions, enhancing its competitive edge in the precision manufacturing technology of refrigeration compressors[58] - The company invested CNY 100 million in a joint venture, Sichuan Jingfeng Machinery Co., Ltd., holding a 51% stake, focusing on energy-efficient compressor components and molds[72] - The company has invested CNY 19.56 million in the clean energy compressor production line renovation project, achieving 65.63% of the planned investment[78] - The company has completed the investment of CNY 49.92 million in the equity investment project of Jun Da Optoelectronics, achieving 100% of the planned investment[78] Market and Sales - The company’s sales volume of compressors reached 4,668,512 units, representing a year-on-year increase of 10.46%[37] - The company’s foreign trade sales revenue grew by 47.28% compared to the previous year, reflecting increased international market development efforts[36] - The company aims to enhance foreign trade marketing and expand compressor export channels as part of its growth strategy[79] - There are plans for market expansion, particularly in the domestic sector, to capture a larger share of the cooling compressor market[119] Risk Management and Strategy - The company plans to control inventory and seek better suppliers to mitigate risks from raw material price fluctuations, which account for about 60% of product costs[12] - The company is facing risks from price wars in the compressor market and plans to implement a differentiated strategy and adjust product structure accordingly[13] - The company terminated the operations of its subsidiary Sichuan Jingfeng Machinery Co., Ltd., which helped reduce losses impacting the listed company[31] - The company plans to utilize the remaining raised funds for mature projects after careful discussion[65] Shareholder and Governance - The profit distribution plan for 2013 includes a cash dividend of CNY 2.50 per 10 shares, with no bonus shares issued[5] - The company has a cash dividend policy that mandates a minimum of 40% of profit distribution in cash dividends during its mature development stage[87] - The company has maintained a strong focus on shareholder rights protection and has implemented various communication channels for investor engagement[90] - The total number of shareholders at the end of the reporting period was 18,069, an increase from 16,800 prior to the annual report disclosure[111] Compliance and Internal Control - The company strictly adheres to the requirements of the Company Law and Securities Law, establishing a comprehensive governance structure including the shareholders' meeting, board of directors, and supervisory board[148] - No administrative regulatory measures were taken against the company by regulatory authorities during the reporting period, indicating compliance with governance norms[149] - The internal control self-assessment report indicates no significant deficiencies were found during the reporting period[170] - The audit opinion states that the financial statements fairly present the company's financial position and results of operations for the year ended December 31, 2013[177]