Financial Performance - The company's operating revenue for the first half of 2015 was CNY 361,210,479.90, representing an increase of 11.13% compared to CNY 325,037,102.35 in the same period last year[21]. - The net profit attributable to shareholders was CNY 81,149,277.53, a growth of 31.65% from CNY 61,638,333.15 year-on-year[21]. - The basic earnings per share for the first half of 2015 were CNY 0.12, an increase of 33.33% from CNY 0.09 in the same period last year[21]. - The weighted average return on net assets was 5.56%, up from 4.65% in the previous year[21]. - The company achieved total operating revenue of CNY 361,210,479.90, an increase of 11.13% compared to the same period last year[31]. - Net profit attributable to shareholders reached CNY 81,149,277.53, reflecting a growth of 31.65% year-on-year[31]. - The total revenue for the flooring segment reached RMB 122,180.98 million, with a net loss of RMB 425.89 million reported[63]. - The company reported a total profit of CNY 96,981,596.70, compared to CNY 83,850,921.86 in the first half of 2014, marking a growth of 15.3%[142]. - The net profit for the first half of 2015 reached CNY 81,148,729.10, representing a 31.5% increase from CNY 61,638,333.15 in the previous year[143]. Cash Flow and Investments - The net cash flow from operating activities surged to CNY 72,388,715.88, marking an increase of 823.51% compared to CNY 7,838,397.15 in the previous year[21]. - The company’s cash and cash equivalents increased by 1,312.17% to CNY 188,882,240.54, primarily due to the maturity of bank financial products[34]. - The total cash inflow from investment activities reached 1,703,366,599.03 CNY, compared to 1,001,702,651.37 CNY in the prior period, indicating a strong investment recovery[150]. - The net cash flow from investment activities was 132,688,983.22 CNY, a turnaround from a negative cash flow of -7,233,284.35 CNY in the previous period, showcasing effective investment strategies[150]. - The cash inflow from recovering investments was 1,567,180,000.00 CNY, compared to 870,000,000.00 CNY in the prior period, highlighting successful investment recoveries[154]. Assets and Liabilities - The company's total assets at the end of the reporting period were CNY 1,702,009,115.52, up 1.73% from CNY 1,673,126,247.45 at the end of the previous year[21]. - The total liabilities decreased to CNY 194,698,954.15 from CNY 247,713,577.05, reflecting a reduction of about 21.4%[134]. - The owner's equity increased to CNY 1,507,310,161.37 from CNY 1,425,412,670.40, showing an increase of approximately 5.7%[135]. - Current assets totaled CNY 981,168,872.98, down from CNY 1,138,283,548.22 at the start of the period, indicating a decrease of approximately 13.8%[133]. - The company's inventory stood at CNY 179,158,913.34, slightly down from CNY 180,933,265.51, indicating a decrease of about 1.0%[132]. Strategic Focus and Investments - The company plans to focus on the dual business strategy of "smart interconnected home industry + graphene new materials and new energy industry" to enhance its market position[28]. - The establishment of the Suzhou Der Intelligent Interconnected Home Industry Investment Fund Management Co., Ltd. aims to facilitate strategic investments in the smart home sector[28]. - The company has increased its investment in Shenzhen Tuoqi Intelligent Manufacturing Home Materials Co., Ltd. to strengthen its position in the smart home materials market[28]. - The company established the Suzhou Del Graphene Industry Investment Fund to develop a complete industrial chain for graphene new materials[30]. - The company invested CNY 181,352,500.00 in external equity investments during the reporting period, a significant increase from zero in the previous year[42]. Shareholder Information and Dividends - The company plans to distribute a cash dividend of RMB 0.50 per 10 shares, totaling RMB 162.34 million, based on the total share capital of 324.687 million shares as of December 31, 2014[68]. - The company will not distribute cash dividends or issue bonus shares for the half-year period[70]. - The total number of common shareholders at the end of the reporting period was 24,732[119]. - The largest shareholder, Del Group Limited, holds 54.95% of the shares, totaling 356,831,040 common shares[120]. - The company reported a profit distribution of -16,234,500.00, indicating a loss allocation to shareholders[157]. Research and Development - Research and development investment rose by 10.26% to CNY 10,160,253.64, indicating a focus on innovation[34]. - The company is actively engaged in research and development of graphene materials and related technologies[64]. Corporate Governance and Compliance - The half-year financial report was not audited[107]. - There were no penalties or rectifications reported during the reporting period[108]. - The company has not engaged in any business that competes directly or indirectly with its own operations[109]. - The company has not reported any issues or other circumstances regarding the use and disclosure of raised funds[57]. Accounting Policies and Financial Reporting - The company’s financial statements comply with the accounting standards and reflect its financial position, operating results, and cash flows accurately[175]. - The company’s accounting period runs from January 1 to December 31 each year[176]. - The company’s financial reports include all controlled subsidiaries and structured entities, ensuring comprehensive consolidation[179]. - The company’s consolidated financial statements include adjustments for any internal transactions and unrealized profits[180].

Financial Performance - The company's operating revenue for Q1 2015 was ¥152,549,910.28, representing a 33.97% increase compared to ¥113,872,483.10 in the same period last year[8]. - Net profit attributable to shareholders for the same period was ¥33,452,707.14, up 51.62% from ¥22,063,248.36 year-on-year[8]. - The net cash flow from operating activities surged to ¥38,408,898.28, a remarkable increase of 641.85% compared to ¥5,177,452.97 in the previous year[8]. - Basic and diluted earnings per share both increased to ¥0.10, reflecting a growth of 42.86% from ¥0.07[8]. - The company's revenue increased by 33.97% year-on-year, driven by the sales of formaldehyde-free flooring and new German products, along with enhanced brand promotion and sales channel development[15]. - Net profit grew by 51.62% year-on-year, attributed to the contributions from formaldehyde-free flooring and new German products, as well as tax benefits from high-tech enterprise recognition[16]. - The net profit attributable to shareholders for the first half of 2015 is expected to be between 80.13 million and 98.62 million RMB, representing a growth of 30% to 60% compared to 61.64 million RMB in the same period of 2014[24]. - The expected net profit for the first half of 2015 indicates a positive outlook for the company's financial health[24]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,675,646,873.34, a slight increase of 0.15% from ¥1,673,126,247.45 at the end of the previous year[8]. - The net assets attributable to shareholders rose to ¥1,458,865,377.54, marking a 2.35% increase from ¥1,425,412,670.40[8]. - The company's tax liabilities increased by 228.23% year-on-year, due to the recognition as a high-tech enterprise and adjustments in tax prepayments[15]. - Accounts payable increased by 59.69% compared to the beginning of the period, mainly due to raw material procurement for the Liaoning subsidiary's investment project[15]. Investments and Subsidiaries - A new wholly-owned subsidiary was established with RMB 30 million to focus on strategic investments in the smart home industry[19]. - The company intends to set up a wholly-owned subsidiary with RMB 50 million for investments in graphene new materials and renewable energy applications[20]. - Investment cash payments increased by 261.34% year-on-year, reflecting investments in Jiangsu Bohai Technology Co., Ltd. and Shenzhen Tuoqi Intelligent Home Materials Co., Ltd.[16]. - Cash received from investment recoveries increased by 248.66% year-on-year, primarily due to the redemption of bank wealth management products[16]. - The company plans to use up to RMB 50 million of idle raised funds to purchase short-term principal-protected bank wealth management products[17]. Shareholder Information - The company had a total of 11,116 common shareholders at the end of the reporting period[11]. - The largest shareholder, Del Group Co., Ltd., held 54.95% of the shares, amounting to 178,415,520 shares, with 106,200,000 shares pledged[11]. - The commitments made by shareholders regarding share transfers include a maximum of 25% of their holdings per year during their tenure[22]. - The actual controller, Ru Jiyong, has made commitments regarding share transfer limitations, including a 36-month lock-up period post-IPO and restrictions on share transfers during his tenure[22]. - The company has not reported any breaches of commitments related to competition or share transfers by its major shareholders[23]. - The company has not violated any of the commitments made by its major shareholders during the reporting period[23]. Operational Quality and Strategy - The company has seen steady improvement in the operational quality of its specialty stores, contributing positively to overall performance[24]. - The company is focused on continuous improvement in brand promotion and sales channel construction to enhance market presence[24]. - The company has committed to avoiding competition with its major shareholders and controlling entities, ensuring no direct or indirect engagement in similar businesses[23].

Financial Performance - The company's operating revenue for 2014 was CNY 680,021,311.79, representing a 23.13% increase compared to CNY 552,293,452.01 in 2013[22]. - The net profit attributable to shareholders for 2014 was CNY 128,970,493.36, a 40.28% increase from CNY 91,935,174.45 in the previous year[22]. - The net profit after deducting non-recurring gains and losses was CNY 129,572,458.29, reflecting a 40.79% increase from CNY 92,029,879.24 in 2013[22]. - The basic earnings per share for 2014 was CNY 0.40, up 42.86% from CNY 0.28 in 2013[22]. - The total assets at the end of 2014 were CNY 1,673,126,247.45, a 6.19% increase from CNY 1,575,538,922.03 at the end of 2013[22]. - The net assets attributable to shareholders increased by 9.59% to CNY 1,425,412,670.40 at the end of 2014, compared to CNY 1,300,717,412.74 at the end of 2013[22]. - Operating profit increased by 41.23% to CNY 155,945,061.60, while total profit rose by 40.73% to CNY 155,238,447.16[29]. - The company achieved total operating revenue of CNY 680,021,311.79 in 2014, representing a year-on-year growth of 23.13%[29]. Cash Flow and Investments - The net cash flow from operating activities decreased by 72.50% to CNY 33,823,976.16 in 2014, down from CNY 123,000,083.09 in 2013[22]. - Investment cash inflow surged by 5,979.59% to ¥607,256,753.38, mainly from the redemption of bank wealth management products[42]. - The company’s cash and cash equivalents increased by 132.35% to ¥180,638,443.63, primarily due to cash received from the redemption of bank wealth management products[43]. - The company has established a total fundraising amount of CNY 83,469.03 million, with CNY 2,413.52 million invested during the reporting period[65]. - Cumulative investment of raised funds reached CNY 38,697.64 million, with no changes in the purpose of raised funds during the reporting period[65]. Research and Development - Research and development investment amounted to CNY 21,332,256.90, reflecting a 22.31% increase from the previous year[31]. - R&D expenditure increased by 22.31% to ¥21,332,300.00, representing 3.14% of operating revenue[40]. - Investment in R&D for new products and technologies increased by 20% compared to the previous year, totaling 100 million RMB[165]. Market and Sales Performance - Sales volume of flooring products reached 919.06 million square meters, a 19.51% increase year-on-year[33]. - The sales revenue from engineered wood flooring was CNY 47,661.52 million, up 20.06% year-on-year, while solid wood composite flooring sales reached CNY 20,081.60 million, increasing by 30.81%[33]. - The market share of laminate and engineered wood flooring products has been around 80% of total sales, indicating a strong preference among consumers[77]. - The company plans to expand its market presence in Southeast Asia, targeting a 5% market share within the next two years[165]. Corporate Governance and Management - The company has established a robust corporate governance structure and internal control systems to protect shareholder and creditor rights[94]. - The company emphasizes the protection of minority shareholders' rights and interests during board meetings[179]. - The company has developed a comprehensive internal control system to enhance corporate governance and operational efficiency[178]. - The board of directors is responsible for the establishment and effective implementation of internal controls, with the supervisory board overseeing this process[199]. Strategic Initiatives - The company plans to leverage e-commerce and big data to optimize resources and enhance consumer experience in the home furnishing sector[78]. - The company is focusing on a dual business strategy of "smart connected home industry + graphene new materials and new energy industry" to expand its future development space[79]. - The company aims to integrate online and offline services through O2O models to enhance its business strategy[78]. Employee and Talent Management - The company emphasizes employee training and has established a comprehensive training mechanism to enhance staff skills and management capabilities[175]. - The company recognizes the importance of attracting and retaining skilled talent in emerging industries to ensure stable development[82]. - The employee education level shows that 20.75% hold a bachelor's degree or higher, while 42.49% have a high school education or lower[174]. Shareholder Returns - The company plans to distribute a cash dividend of CNY 0.50 per 10 shares to shareholders based on the total share capital as of December 31, 2014[5]. - The cash dividend for 2014 was set at ¥0.50 per 10 shares, totaling ¥16,234,350.00, which represents 100% of the profit distribution[92]. - The company plans to issue 10 bonus shares for every 10 shares held, reflecting a significant capital increase strategy[92]. Risk Management - The company emphasizes the importance of risk management in its future development outlook, particularly in operational and talent management[13]. - The company is committed to improving its internal control management system to mitigate operational management risks associated with its dual business strategy[82]. Social Responsibility - The company has actively participated in social responsibility initiatives, including employment creation and community support[96]. - The company emphasizes environmental protection and sustainability, introducing products like glue-free flooring and formaldehyde-free technology[95].

Financial Performance - Net profit attributable to shareholders was ¥41,261,109.06, reflecting a year-on-year growth of 23.10%[7] - Operating revenue for the period was ¥191,924,802.10, representing a 23.19% increase compared to the same period last year[7] - The company reported a total net profit of ¥102,899,442.21 for the year-to-date, which is a 35.35% increase compared to the same period last year[7] - Basic earnings per share increased by 30.00% to ¥0.13, while diluted earnings per share also rose by 30.00% to ¥0.13[7] - The estimated net profit attributable to shareholders for 2014 is expected to be between ¥11,032.22 million and ¥13,790.28 million, representing a year-on-year increase of 20% to 50%[25] - The net profit for 2013 was ¥9,193.52 million, indicating a significant improvement in performance for 2014[25] - The increase in performance is attributed to enhanced product structure adjustments, increased R&D and promotion of new products, and improved sales network construction[25] Assets and Shareholder Information - Total assets at the end of the reporting period reached ¥1,644,867,084.93, an increase of 4.40% compared to the previous year[7] - The total number of ordinary shareholders at the end of the reporting period was 13,160[12] - The largest shareholder, Del Group Co., Ltd., held 54.99% of the shares, amounting to 178,415,520 shares[12] Cash Flow and Expenses - Net cash flow from operating activities for the year-to-date was ¥53,904,992.75, showing a decline of 50.44%[7] - Cash received from operating activities increased by 64.93%, mainly due to the maturity of bank acceptance bills[17] - Cash paid for purchasing goods and services increased by 58.42%, reflecting higher raw material purchases due to increased sales volume[17] - Management expenses rose by 53.65% year-on-year, mainly due to the recognition of equity incentive expenses during the reporting period[16] - Financial expenses decreased by 87.84% year-on-year, primarily due to high interest income from fixed deposits in the previous year[16] Income and Taxation - Other income increased by 218.37% year-on-year, mainly due to an increase in government subsidies received during the reporting period[16] - Tax expenses increased by 150.08% year-on-year, driven by an increase in total profit and the expiration of tax incentives for high-tech enterprises[16] - Non-recurring gains and losses totaled -¥559,771.80 for the year-to-date, primarily due to government subsidies and other income[9] Market and Strategic Focus - The company is focusing on brand building and has increased marketing efforts, which has led to higher related expenses[25] - The main target customers for wooden flooring are rigid and improved housing demanders, and fluctuations in the real estate industry may impact demand[25] - The company is optimistic about its future performance despite potential uncertainties in the market[25] Compliance and Commitments - The company has not engaged in any securities investments during the reporting period[26] - There are no holdings in other listed companies during the reporting period[26] - The company has not reported any unfulfilled commitments or reasons for non-compliance[24] - The company has committed to avoiding competition that may harm its interests and those of its shareholders[23] Operational Performance - Operating income increased by 30.63% year-on-year, driven by product structure adjustments and increased sales from new products[16] - Other receivables increased by 1,167.57% compared to the beginning of the period, mainly due to the land auction deposit paid by the Liaoning subsidiary during the reporting period[16] - Deferred income tax assets increased by 89.51% compared to the beginning of the period, primarily due to the expiration of tax incentives for high-tech enterprises[16] - The company’s net profit increased by 38.75% compared to the beginning of the period, attributed to higher profits during the reporting period[16]

Financial Performance - The company achieved total revenue of ¥325,037,102.35, representing a 35.46% increase compared to the same period last year[21]. - Net profit attributable to shareholders reached ¥61,638,333.15, up 45.02% year-on-year[21]. - Basic earnings per share increased to ¥0.19, reflecting a growth of 46.15%[21]. - Operating profit for the period was ¥84,645,364.79, which is a 66.74% increase compared to the previous year[28]. - The company's operating revenue for the reporting period was ¥325,037,102.35, representing a year-on-year increase of 35.46% due to enhanced product structure adjustment and increased market promotion efforts[29]. - The total profit for the current period was ¥83,850,921.86, up 64.9% from ¥50,797,430.56 in the previous period[124]. - The net profit for the current period was ¥61,638,333.15, representing a 45.0% increase from ¥42,504,211.67 in the previous period[124]. Assets and Liabilities - The company's total assets at the end of the reporting period were ¥1,585,211,948.50, a 0.61% increase from the beginning of the period[21]. - The total assets of the company stood at CNY 1,594,771,357.36, compared to CNY 1,577,407,710.09 at the beginning of the period, indicating a growth of 1.2%[119]. - The total liabilities decreased to CNY 225,457,686.19 from CNY 264,613,766.82, a reduction of 14.8%[119]. - The company's total equity increased to CNY 1,369,313,671.17 from CNY 1,312,793,943.27, reflecting a growth of 4.3%[119]. Cash Flow - The company reported a significant decline in net cash flow from operating activities, which was ¥7,838,397.15, down 86.93% from the previous year[21]. - The cash flow from operating activities generated a net amount of ¥7,838,397.15, a decrease of 87.0% compared to ¥59,978,800.82 in the previous period[127]. - The net cash flow from operating activities was CNY 23,138,271.54, a decrease of 59.8% compared to CNY 57,437,286.49 in the previous period[131]. - The cash inflow from operating activities totaled CNY 345,697,040.27, an increase from CNY 268,575,532.08 in the previous period[131]. Expenses and Costs - The cost of goods sold was ¥206,675,642.35, reflecting a year-on-year increase of 26.92%[29]. - The company's management expenses rose significantly by 59.08% to ¥23,322,112.51, primarily due to the recognition of equity incentive expenses during the reporting period[29]. - The income tax expense increased by 167.84% to ¥22,212,588.71, attributed to higher profits and tax benefits from high-tech enterprise recognition[29]. - Total operating costs amounted to CNY 252,094,388.93, up 33.2% from CNY 189,191,792.87 in the prior period[120]. Shareholder Information - The company did not distribute cash dividends or issue bonus shares during the reporting period[6]. - The company plans to distribute a cash dividend of 1.00 RMB per 10 shares, totaling 16,222.50 thousand RMB, based on the total share capital of 162,225,000 shares as of December 31, 2013[60]. - The total share capital increased from 162.225 million shares to 324.45 million shares following the distribution of cash dividends and capital reserve conversion[95]. - Basic earnings per share decreased from 0.57 RMB to 0.28 RMB after the capital increase[98]. Fundraising and Investments - The total amount of raised funds is RMB 834.69 million, with RMB 19.79 million (23.72%) of the total funds having been repurposed[47]. - The company has allocated CNY 9,000 million of the raised funds for repaying bank loans and supplementing working capital, with 100% of these funds utilized[51]. - The project for producing 600 million square meters of laminate flooring in Liaoning has achieved a cumulative investment of CNY 5,859.49 million, which is 64.35% of the planned investment[50]. - The company has a remaining balance of CNY 21,155.18 million in raised funds, which has not yet been allocated to new projects[53]. Operational Strategies - The company focused on product structure adjustment and increased investment in new product development and marketing strategies[28]. - The company has made progress in optimizing product structure and enhancing marketing networks, contributing to improved operational efficiency[32]. - The company is enhancing its market promotion efforts, which has led to increased related expenses[59]. - The company is committed to improving its internal governance structure and compliance with relevant regulations[67]. Accounting and Financial Reporting - The financial statements are prepared in accordance with the accounting standards set by the Ministry of Finance, ensuring a true and complete reflection of the company's financial status[149]. - The company follows specific accounting methods for mergers, recognizing goodwill when the acquisition cost exceeds the fair value of identifiable net assets[153]. - The company recognizes sales revenue when the major risks and rewards of ownership have been transferred to the buyer, and the revenue amount can be reliably measured[197]. - The company assesses financial assets for impairment and recognizes losses when there is objective evidence of impairment[162].

Revenue and Profitability - Revenue for Q1 2014 reached ¥113,872,483.10, an increase of 47.12% compared to ¥77,401,949.97 in the same period last year[8] - Net profit attributable to shareholders was ¥22,063,248.36, up 43.08% from ¥15,420,677.32 year-on-year[8] - Basic earnings per share increased by 40% to ¥0.07 from ¥0.05 in the previous year[8] - The net profit attributable to shareholders for the first half of 2014 is expected to increase by 10% to 40%, ranging from 46.75 million to 59.51 million RMB[29] - The net profit for the first half of 2013 was 42.50 million RMB, indicating a positive growth outlook for 2014[29] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,564,396,245.01, a decrease of 0.71% from ¥1,575,538,922.03 at the end of the previous year[8] - Other receivables increased by 272.06%, mainly due to land auction deposits paid by the Liaoning subsidiary[18] Operating Performance - Operating income increased by 47.12%, driven by product structure adjustments and enhanced market promotion efforts[18] - Cash received from sales increased by 45.35% year-on-year, primarily due to an increase in flooring sales volume[19] - Cash received from other operating activities increased by 439.77% year-on-year, mainly due to the maturity of bank acceptance bills and the recovery of guarantee deposits[19] - Cash paid for purchasing goods and services increased by 92.54% year-on-year, attributed to higher cash payments for raw materials due to increased flooring sales volume[19] - Cash paid to employees increased by 34.08% year-on-year, driven by the expansion of the company's operations and the hiring of production personnel for the Liaoning production base[19] - Taxes paid increased by 38.69% year-on-year, reflecting the company's expanded sales scale[19] Financial Management - Financial expenses surged by 90.86%, attributed to higher interest from fixed deposits in the previous year[18] - Cash paid for acquiring fixed assets and long-term assets decreased by 53.62% year-on-year, due to higher investments in subsidiary projects in the previous year[19] - The company plans to use up to RMB 60 million of idle raised funds to purchase short-term principal-protected bank financial products[20] - The company authorized the use of up to RMB 25 million of its own idle funds to purchase low-risk principal-protected bank financial products[22] Market and Strategic Outlook - The main target customers for wooden flooring are rigid and improving housing demanders, which may be affected by ongoing real estate regulations[29] - Increased marketing and brand promotion efforts have led to higher related expenses, impacting the company's performance forecast accuracy[29] - The company has committed to avoid engaging in similar business activities as its competitors to protect shareholder interests[27] Non-Operating Income - The company reported a 199.17% increase in non-operating income, largely from increased penalty fees received[18] - Cash received from investment income increased year-on-year, primarily due to investment returns from purchased bank financial products[19] Return on Equity - The weighted average return on equity improved to 1.68%, up from 1.26% in the previous year[8]

Financial Performance - The company's operating revenue for 2013 was CNY 552,293,452.01, representing a 30.31% increase compared to CNY 423,830,318.98 in 2012[25]. - The net profit attributable to shareholders for 2013 was CNY 91,935,174.45, which is a 26.4% increase from CNY 72,730,947.59 in 2012[25]. - The net profit after deducting non-recurring gains and losses was CNY 92,029,879.24, up 33.73% from CNY 68,817,286.22 in 2012[25]. - The net cash flow from operating activities increased by 61.95% to CNY 123,000,083.09 from CNY 75,949,051.09 in 2012[25]. - The basic earnings per share for 2013 was CNY 0.57, a 26.67% increase from CNY 0.45 in 2012[25]. - Total assets at the end of 2013 were CNY 1,575,538,922.03, an 18.31% increase from CNY 1,331,726,102.85 at the end of 2012[25]. - The net assets attributable to shareholders increased by 7.29% to CNY 1,300,717,412.74 from CNY 1,212,302,819.29 at the end of 2012[25]. - The weighted average return on equity for 2013 was 7.34%, up from 6.08% in 2012[25]. - Operating profit reached CNY 110,422,713.64, reflecting a growth of 36.11% compared to the previous year[32]. - The company achieved total operating revenue of CNY 552,293,452.01, a year-on-year increase of 30.31%[32]. Cash Flow and Investments - The net cash flow from operating activities increased by 61.95% to 123,000,083.09 yuan, driven by higher sales volume[49]. - Investment activities resulted in a net cash outflow of -677,181,597.33 yuan, a significant increase of 374.29% compared to the previous year[48]. - The total amount of raised funds is RMB 834.69 million, with RMB 110.63 million invested during the reporting period[74]. - The company has a total of RMB 139.99 million remaining for the flooring and fiberboard projects, which are yet to be utilized[78]. - The company allocated RMB 76.28 million for the production of 120,000 cubic meters of medium-density fiberboard in Liaoning during the reporting period[77]. Research and Development - Research and development investment rose to CNY 17,440,558.14, a 6.66% increase from the previous year[34]. - Research and development expenses rose to 1,744.06 million yuan, a 6.66% increase year-on-year, representing 3.16% of operating revenue[44]. - The company has invested 100 million RMB in research and development for innovative flooring technologies[176]. Market and Sales - The company sold 769.04 thousand square meters of flooring, a 22.58% increase in sales volume compared to 2012[37]. - The company expanded its market presence, particularly in East China, where revenue increased by 40.33% to 125,521,120.97 yuan[51]. - The company is expanding its market presence in Southeast Asia, targeting a 10% market share within the next two years[176]. - A strategic acquisition of a local competitor is planned, which is anticipated to enhance production capacity by 30%[176]. Risks and Challenges - The company faces risks including brand management, real estate market regulation, sales channel control, and industry competition[14]. - The wood flooring industry is expected to see a shift towards brand competition, with weaker companies likely to be eliminated from the market[92]. Corporate Governance and Compliance - The company has a robust internal control system and adheres to legal regulations to ensure accurate and timely information disclosure[109]. - The company has implemented various governance documents to ensure compliance with legal and regulatory requirements[193]. - The board of directors is elected in compliance with legal regulations, with independent directors focusing on protecting minority shareholders' rights[194]. Shareholder Information - The company plans to distribute a cash dividend of CNY 1.00 per 10 shares to all shareholders[6]. - The cash dividend for 2013 represents 17.65% of the net profit attributable to shareholders, which was CNY 91,935,174.45[106]. - The largest shareholder, Del Group Co., Ltd., holds 54.99% of the shares, totaling 89,207,760 shares[162]. Employee and Management - The total remuneration for directors, supervisors, and senior management during the reporting period amounted to 1,593,500 CNY (159.35 million CNY)[181]. - The company has established a comprehensive salary and performance evaluation system to link employee contributions with remuneration[190]. - The company emphasizes employee training and has developed systematic training plans to enhance staff capabilities[190]. Future Outlook - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 25% based on new product launches and market expansion strategies[176]. - The company aims to enhance brand awareness and reputation, consolidating its leading position in the domestic wood flooring industry[93].