Financial Performance - The company's operating revenue for 2013 was CNY 953,087,681.20, representing a 34.11% increase compared to CNY 710,681,709.80 in 2012[23]. - The net profit attributable to shareholders for 2013 was CNY 80,112,597.09, a decrease of 14.29% from CNY 93,466,757.24 in 2012[23]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 71,687,597.45, down 10.96% from CNY 80,509,901.89 in 2012[23]. - The total profit for the year was CNY 95.81 million, a decrease of 12.44% compared to the previous year[35]. - The net profit attributable to shareholders was CNY 80.11 million, down 14.29% year-on-year[35]. - The company reported a net profit for the period of RMB 80.09 million, down 14.28% year-on-year, mainly due to the decline in total profit[38]. Cash Flow and Assets - The net cash flow from operating activities improved significantly to CNY -523,848.67, a 95.53% increase compared to CNY -11,709,072.82 in 2012[23]. - The total assets at the end of 2013 reached CNY 2,004,979,116.92, a 44.34% increase from CNY 1,389,026,409.31 at the end of 2012[23]. - Cash and cash equivalents increased by ¥145,429,906.43, a growth of 193.22% compared to a decrease of -¥156,008,172.63 in the previous year[60]. - The company reported a net cash flow from financing activities of ¥528,967,358.74, marking a substantial increase of 642.62% from ¥71,230,031.62 in 2012[60]. Earnings and Dividends - The basic earnings per share for 2013 was CNY 0.22, down 18.52% from CNY 0.27 in 2012[23]. - The diluted earnings per share also stood at CNY 0.22, reflecting the same percentage decrease as the basic earnings per share[23]. - The company did not distribute any cash dividends or bonus shares for the year 2013[5]. - For the year 2013, the company did not propose any cash dividend distribution despite having positive undistributed profits, citing significant capital needs for fixed asset investments and technological upgrades[134]. Costs and Expenses - The main business cost rose to RMB 683.80 million, reflecting a 36.49% increase year-on-year, driven by rising natural gas, labor costs, and raw material prices[38]. - The total sales expenses rose by 62.88% to CNY 54,602,920.96 in 2013, primarily due to increased transportation costs and higher salaries for the sales team[56]. - Management expenses increased by 42.03% to CNY 102,169,153.06, attributed to rising salaries and increased R&D expenditures[56]. - Financial expenses surged by 1,203.65% to CNY 7,834,573.92, driven by increased bank borrowings and interest payments[56]. Research and Development - Research and development investment increased to RMB 38.09 million, up 34.50% year-on-year, reflecting the company's commitment to new product development[39]. - The company is developing new technologies for glass products, including high-borosilicate glass baby bottles and automated production processes, which are expected to enhance production efficiency and product quality[59]. Market and Product Development - The company launched new products, including tea drinking cups, to meet market demand[35]. - The company adjusted its product structure and enhanced product quality to leverage production capacity advantages[35]. - The company plans to expand its market presence by leveraging existing sales channels and promoting new products to stabilize market share against foreign brands[93]. Subsidiary Performance - The company’s subsidiaries showed mixed performance, with some achieving significant profit increases while others faced substantial losses[104]. - The net profit of Anhui Delixi Daily Glass Co., Ltd. for the reporting period was 56.96 million CNY, an increase of 3394.48% compared to the previous year, primarily due to increased sales performance[104]. - Chuzhou Delixi Crystal Glass Co., Ltd. experienced a net loss of 4.668 million CNY, a decrease of 161.33% compared to the previous year, attributed to high initial costs during production startup[104]. Corporate Governance and Compliance - The company has implemented a comprehensive internal control management system to safeguard shareholder rights and improve governance[139]. - The company strictly adheres to labor laws and regulations, ensuring compliance with labor contracts and providing social security benefits for employees[144]. - The company has committed to protecting the rights of employees and enhancing their welfare as part of its corporate social responsibility[142]. Shareholder Dynamics - The company’s total share capital increased from 170,200,000 shares to 340,400,000 shares due to a capital reserve conversion plan implemented in 2012[132]. - The number of shareholders increased to 21,821 by the end of the reporting period, compared to 18,899 five trading days before the report[198]. - The largest shareholder, Shi Weidong, holds 41.97% of the shares, totaling 164,500,000 shares, with a pledge of 54,026,000 shares[198]. Future Strategies - The company plans to optimize product structure and enhance financial management through ERP systems to improve efficiency and reduce costs in 2014[109]. - The company aims to establish a strong technical team to lead innovation and improve production capabilities through technology upgrades and new product development[112]. - Future strategies may include further investment in product development and market expansion to enhance overall profitability[104].

Financial Performance - The company's operating revenue for Q1 2014 was ¥222,658,427.01, representing a 20.96% increase compared to ¥184,070,892.60 in the same period last year[9] - Net profit attributable to shareholders decreased by 46.04% to ¥15,310,046.48 from ¥28,373,515.76 year-on-year[9] - Basic and diluted earnings per share fell by 76.62% to ¥0.0195 from ¥0.0834 in the same quarter last year[9] - Net profit decreased by CNY 130.54 million, down 46.03%, primarily due to increased costs and operating expenses despite higher sales revenue[27] - The net profit attributable to shareholders for the first half of 2014 is expected to range from 40.07 million to 60.10 million CNY, representing a decrease of 10% to 40% compared to the same period in 2013[45] - The net profit for the first half of 2013 was 66.78 million CNY, indicating a significant decline in profitability due to rising energy costs and subdued demand in the catering industry[45] Cash Flow - The net cash flow from operating activities turned negative at -¥8,510,522.16, a decline of 150.28% compared to ¥16,924,599.43 in the previous year[9] - Cash inflow from sales increased by 39.70% to ¥189.03 million compared to the previous period[28] - The company’s total cash inflow from operating activities was ¥207.92 million, an 11.69% increase year-over-year[28] - The company’s total cash outflow from operating activities increased by 27.88% to ¥216.43 million, reflecting higher operational costs[31] - Cash inflow from investment activities surged by 88526.63% to ¥223.34 million, driven by cash received from investment-related activities[28] - Net cash flow from investment activities increased by 286.05% to ¥159.58 million, reflecting improved asset management[31] - Cash inflow from financing activities rose by 234.29% to ¥234.00 million, indicating increased borrowing to support company growth[34] - Net cash flow from financing activities increased by 319.74% to ¥139.74 million, influenced by higher loan receipts[34] Assets and Liabilities - Total assets increased by 7.78% to ¥2,161,004,206.07 from ¥2,004,979,116.92 at the end of the previous year[9] - The net assets attributable to shareholders rose by 0.97% to ¥1,587,638,656.59 compared to ¥1,572,328,610.11 at the end of the last fiscal year[9] - Total liabilities increased by CNY 140.72 million, a growth of 32.54%, reflecting higher short-term and long-term borrowings[19] - Cash and cash equivalents increased by CNY 297.68 million, a growth of 72.66%, mainly due to the recovery of principal and income from wealth management products[16] Shareholder Information - The total number of shareholders at the end of the reporting period was 16,809[11] - The largest shareholder, Shi Weidong, holds 41.97% of the shares, amounting to 164,500,000 shares, with 164,400,000 shares pledged[11] - The company has committed to not transferring or entrusting the management of its shares for 36 months from the date of listing, ensuring stability in shareholding[40] - The management team has pledged to limit their share transfers to no more than 25% annually during their tenure, with additional restrictions post-employment[42] - The company has not experienced any non-operating fund occupation by controlling shareholders or related parties during the reporting period[47] Operational Challenges - The increase in natural gas costs has been a significant factor impacting the company's profitability[45] - The release of new project capacities has not met expectations, contributing to the overall performance decline[45] - Sales expenses increased by CNY 12.94 million, a growth of 267.92%, mainly due to increased transportation costs and sales personnel salaries[23] Management Practices - The report indicates a focus on maintaining shareholder interests and avoiding conflicts of interest in business operations[39] - The company has maintained strict adherence to its commitments regarding shareholding and management practices[41] - The anticipated performance for the first half of 2014 is positive, indicating no turnaround from a loss situation[43]

Financial Performance - The company's operating revenue for 2013 was CNY 953,087,681.20, representing a 34.11% increase compared to CNY 710,681,709.80 in 2012[23]. - The net profit attributable to shareholders for 2013 was CNY 80,112,597.09, a decrease of 14.29% from CNY 93,466,757.24 in 2012[23]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 71,687,597.45, down 10.96% from CNY 80,509,901.89 in 2012[23]. - The total profit for the year was 95.81 million yuan, a decrease of 12.44% compared to the previous year[34]. - The net profit attributable to shareholders was 80.11 million yuan, down 14.29% year-on-year[34]. - The company reported a net profit for the period of RMB 80.09 million, down 14.28% year-on-year, mainly due to the decline in total profit[38]. Revenue and Sales - In 2013, the company achieved sales revenue of 953.09 million yuan, a year-on-year increase of 34.11%[34]. - The company achieved a main business revenue of RMB 950.47 million, an increase of 33.95% compared to the previous year, primarily due to enhanced marketing efforts and market demand expansion[38]. - The sales volume increased by 33.60% year-on-year, reaching 173,671 units, driven by the company's aggressive marketing strategy[47]. Costs and Expenses - The main business cost rose to RMB 683.80 million, reflecting a 36.49% increase year-on-year, driven by rising prices of natural gas, labor, and raw materials[38]. - The total operating costs amounted to ¥683,795,211.12, an increase from ¥500,977,010.98 in 2012, reflecting a growth of 36.4%[52]. - The total sales expenses rose to ¥54,602,920.96 in 2013, a significant increase of 62.88% from ¥33,523,534.34 in 2012[56]. - Management expenses increased by 42.03% to ¥102,169,153.06 in 2013, compared to ¥71,932,479.66 in 2012[56]. - Financial expenses surged by 1,203.65% to ¥7,834,573.92 in 2013, up from ¥600,970.35 in 2012, primarily due to increased bank borrowings[56]. Assets and Liabilities - The total assets at the end of 2013 reached CNY 2,004,979,116.92, a 44.34% increase from CNY 1,389,026,409.31 at the end of 2012[23]. - The net assets attributable to shareholders increased by 59.63% to CNY 1,572,328,610.11 from CNY 984,994,083.72 in 2012[23]. - The company’s total cash and cash equivalents increased by ¥145,429,906.43, a growth of 193.22% from -¥156,008,172.63 in the previous year[60]. - Short-term borrowings decreased to 170,000,000 RMB, accounting for 8.48% of total assets, down from 14.04% in the previous year[76]. Research and Development - Research and development investment increased to RMB 38.09 million, a rise of 34.50% year-on-year, reflecting the company's commitment to new product development[39]. - The company is developing new technologies for glass products, including high-borosilicate baby bottles and automated production processes, which are expected to enhance production efficiency and product quality[59]. Investments and Financing - The company successfully completed a private placement of 51.55 million shares, raising a net amount of RMB 517.43 million, increasing the total share capital to 39.20 million shares[43]. - The company signed a framework agreement with the Fengyang County government for quartz mine resource integration, with a joint investment of RMB 30 million in a new mining company[42]. - The company completed a non-public offering of 51,550,700 shares, raising a total of RMB 536,127,280, with a net amount of RMB 517,433,929 after deducting issuance costs[188]. Market and Competition - The company plans to enhance product quality and expand its product range, which will involve increased R&D expenditures[56]. - The company plans to enhance its market presence by expanding into supermarket channels while facing competition from foreign brands[93]. - The glassware industry is expected to undergo further consolidation in 2014, with low-level homogeneous competition and rising production costs being significant challenges[107]. Shareholder and Governance - The company did not propose any cash dividends or stock bonuses for the year 2013[5]. - The company plans to distribute cash dividends of no less than 10% of the distributable profits each year from 2012 to 2014, with a cumulative distribution of at least 30% of the average annual distributable profits over these three years[130]. - The company has committed to maintaining a stable profit distribution policy since its listing in 2011, focusing on shareholder returns[131]. - The company held one annual and one temporary shareholders' meeting in 2013, providing online voting options to enhance participation from minority shareholders[140]. Compliance and Risk Management - The company strictly adheres to labor laws and regulations, ensuring compliance with labor contracts and social security contributions for employees[144]. - The company has not reported any non-compliance issues with environmental regulations[145]. - The company acknowledges risks related to market uncertainties and management talent shortages, and plans to enhance training and development programs to address these challenges[122][125].