Financial Performance - The company's operating revenue for 2013 was CNY 665,505,903.82, a decrease of 12.49% compared to CNY 760,448,867.47 in 2012[21] - The net profit attributable to shareholders for 2013 was a loss of CNY 62,815,372.58, representing a decline of 239.98% from a profit of CNY 44,873,565.49 in 2012[21] - The basic earnings per share for 2013 was -CNY 0.20, a decline of 233.33% from CNY 0.15 in 2012[21] - The weighted average return on equity was -10.03% in 2013, a decrease of 18.06% from 8.03% in 2012[21] - The company reported a net profit attributable to shareholders of -62,815,372.58 CNY for the current period, compared to a profit of 44,873,565.49 CNY in the previous period[25] - The company's revenue from steel structure engineering was ¥665,505,903.82, with a year-on-year decrease of 12.48%[47] - The company reported a total comprehensive loss of -¥62,327,733.18 compared to a comprehensive income of ¥45,245,455.93 in the previous period[189] Cash Flow and Liquidity - The net cash flow from operating activities was a negative CNY 100,147,487.28, an improvement of 76.92% compared to a negative CNY 428,561,703.27 in 2012[21] - The cash and cash equivalents decreased by ¥219,604,861.90, a decline of 232.53% compared to the previous year[44] - The net cash flow from operating activities was -¥103,574,318.47, an improvement from -¥427,618,133.72 in the previous period, indicating a significant reduction in cash outflow[198] - The ending balance of cash and cash equivalents decreased to ¥84,892,910.46 from ¥307,003,114.76, a decline of approximately 72.3%[199] Assets and Liabilities - The total assets at the end of 2013 were CNY 1,659,149,158.68, down 6.82% from CNY 1,780,646,948.83 at the end of 2012[21] - The total liabilities decreased from CNY 1,080,484,807.86 to CNY 1,033,754,750.89, a decline of about 4.3%[182] - Owner's equity decreased from CNY 700,162,140.97 to CNY 625,394,407.79, a decline of about 10.7%[182] Investments and R&D - The company applied for 8 patents during the reporting period and obtained 6 new intellectual property rights, bringing the total to 44 patents[31] - The company has established a dedicated project team to increase R&D investment for foreign projects[31] - The company's R&D expenditure was ¥41,575,367.49, representing 6.25% of the total revenue for the reporting period[41] Management and Governance - The company has established a comprehensive corporate governance structure, ensuring compliance with relevant laws and regulations, and continuously improving its internal management and control systems[150] - The company has a diverse board with independent directors, ensuring governance and oversight[136] - The company has maintained a consistent management team with no new share acquisitions or disposals reported for the current year[133] Market and Competition - The company aims to strengthen its position in the large and super-large bridge market, with expectations to catch up and surpass competitors within the next 3-5 years[79] - The company plans to actively explore and cultivate overseas markets to participate in international competition[80] Employee and Workforce - The company reported a total of 467 employees at the end of the reporting period, with 55.46% being production personnel[146] - The total remuneration for directors, supervisors, and senior management during the reporting period amounted to 306万元[143] - The company emphasizes the importance of employee training, implementing various training methods to enhance both technical skills and theoretical knowledge[148] Risks and Challenges - The company faces risks including rising labor costs and uncertainties in expanding international cooperation orders[12] - The company faced increased labor costs due to strong demand for skilled labor in coastal areas, impacting profitability[32] Shareholder Information - The controlling shareholder, Jiangsu Huanyu Investment Development Co., Ltd., holds 106,371,400 shares, representing a significant portion of the company's equity[129] - The total number of shareholders increased from 14,149 to 17,153 during the reporting period, indicating a growth in shareholder base[127] Audit and Compliance - The company has a standard unqualified audit opinion for the financial statements for the year ended December 31, 2013[178] - The company has not faced any major penalties or corrective actions during the reporting period[115]

Financial Performance - The company's operating revenue for Q1 2014 was ¥130,078,167.37, a decrease of 18.73% compared to ¥160,058,121.82 in the same period last year[8] - The net profit attributable to shareholders was a loss of ¥10,476,320.63, representing a decline of 228.03% from a profit of ¥8,182,958.25 in the previous year[8] - The basic and diluted earnings per share were both -¥0.03, down 160% from ¥0.05 in the same period last year[8] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,745,499,725.44, an increase of 5.2% from ¥1,659,149,158.68 at the end of the previous year[8] - The net assets attributable to shareholders decreased by 1.62% to ¥579,244,322.04 from ¥588,769,396.58 at the end of the previous year[8] Cash Flow - The net cash flow from operating activities was -¥63,959,165.23, an improvement from -¥94,656,226.54 in the previous year[8] - Cash received from operating activities decreased by 44.76% year-on-year, mainly due to a reduction in customer prepayments[16] - Cash received from other operating activities increased by 10130.17% year-on-year, mainly due to an increase in government subsidies[16] Receivables and Payables - The accounts receivable increased by 42.36% year-on-year, primarily due to the receipt of bank acceptance bills[15] - Prepayments increased by 252.59% year-on-year, primarily due to increased advance payments to suppliers and equipment[16] - Advances from customers rose by 65.35% year-on-year, mainly due to an increase in customer prepayments during the period[16] - Employee compensation payable decreased by 74.92% year-on-year, attributed to a reduction in unpaid wages at the end of the period[16] - Tax payable increased by 67.28% year-on-year, mainly due to a decrease in corporate income tax resulting from losses incurred this year[16] Expenses - Sales expenses decreased by 62.19% year-on-year, primarily due to reduced market development investments[16] - Management expenses increased by 39.21% year-on-year, mainly due to an increase in R&D expenses[16] - Financial expenses increased by 31.80% year-on-year, driven by higher interest payments on corporate bonds and discount interest on notes[16] Operating Income - Operating income increased by 7431.96% year-on-year, primarily due to an increase in government subsidies[16] Shareholder Information - The total number of shareholders at the end of the reporting period was 15,850[10]

Financial Performance - The company's operating revenue for 2013 was CNY 665,505,903.82, a decrease of 12.49% compared to CNY 760,448,867.47 in 2012[20] - The net profit attributable to shareholders for 2013 was a loss of CNY 62,815,372.58, representing a decline of 239.98% from a profit of CNY 44,873,565.49 in 2012[20] - The basic earnings per share for 2013 was -CNY 0.20, a decline of 233.33% from CNY 0.15 in 2012[20] - The weighted average return on equity was -10.03% in 2013, a decrease of 18.06% from 8.03% in 2012[20] - The company reported a net loss of ¥62,301,520.96 compared to a net profit of ¥45,247,388.99 in the previous year, indicating a significant downturn[187] - Total operating revenue decreased to ¥665,505,903.82 from ¥760,448,867.47, a decline of approximately 12.5% year-over-year[186] - The company reported a significant decrease in profit distribution to owners, amounting to -12,440,000[200] - The total comprehensive income for the period was -62,327,733.18, highlighting ongoing financial challenges[200] Cash Flow and Assets - The net cash flow from operating activities was a negative CNY 100,147,487.28, an improvement of 76.92% compared to a negative CNY 428,561,703.27 in 2012[20] - Cash and cash equivalents decreased by 232.53% to -¥219,604,861.90, indicating significant cash outflows[43] - The total assets at the end of 2013 were CNY 1,659,149,158.68, down 6.82% from CNY 1,780,646,948.83 at the end of 2012[20] - The total current asset of CNY 1,143,616,859.96, down from CNY 1,486,489,698.08, a decrease of approximately 23.1%[178] - Cash flow from operating activities increased to ¥625,353,350.44 from ¥496,751,608.85, an increase of about 25.9% year-over-year[192] - The ending balance of cash and cash equivalents was 88,333,481.61 CNY, down from 307,938,343.51 CNY at the beginning of the period[194] Investments and R&D - The company completed its annual production capacity expansion project of 80,000 tons of steel structures, which is now operational[29] - During the reporting period, the company applied for 8 patents and obtained 6 new intellectual property rights, bringing the total to 44 patents[30] - Research and development expenses amounted to ¥41,575,367.49, representing 6.25% of the total revenue for the reporting period[40] - The "Technology R&D Center Project" has a progress rate of 52.36%, expected to be operational by May 2014[66] Corporate Governance and Compliance - The company has established a system for insider information registration and management, ensuring compliance with relevant regulations[149] - The company’s governance structure complies with the requirements of the Company Law and relevant regulations from the China Securities Regulatory Commission[149] - The company has maintained compliance with pricing principles in related transactions, adhering to market price standards[99] - The company has committed to not transferring or entrusting the management of shares held before the IPO for 36 months from the listing date, which started on March 9, 2012, and this commitment has been strictly fulfilled[110] Shareholder Information - The number of shareholders increased from 14,149 to 17,153 during the reporting period, indicating a growing investor interest[126] - Jiangsu Huanyu Investment Development Co., Ltd. holds 34.2% of the shares, making it the largest shareholder[126] - The company has not reported any significant shareholding changes among its directors and senior management during the reporting period[131] Employee and Management - The total remuneration for directors, supervisors, and senior management during the reporting period amounted to 3.06 million yuan[141] - The company emphasizes employee training, implementing various training methods to enhance both technical skills and theoretical knowledge[147] - The company had a total of 467 employees at the end of the reporting period, with 55.46% being production personnel and 21.41% being professional technical staff[145] Risks and Challenges - The company faces risks including fluctuations in the macroeconomic environment and rising labor costs impacting profitability[11] - The company has not encountered any project implementation issues resulting in surplus funds[69] - The financial report indicates a need for strategic adjustments to improve profitability and market position[200] - Future outlook remains uncertain without clear guidance on recovery strategies or market expansion plans[200]