Financial Performance - The company's operating revenue for 2013 was CNY 417,217,114.88, a decrease of 13.17% compared to CNY 480,506,179.68 in 2012[18]. - The operating profit increased by 21.57% to CNY 21,153,419.74 in 2013 from CNY 17,400,607.45 in 2012[18]. - The net profit attributable to shareholders rose by 52.04% to CNY 21,808,633.22 in 2013, compared to CNY 14,343,904.94 in 2012[18]. - The total assets at the end of 2013 were CNY 1,485,610,665.82, reflecting a 1.28% increase from CNY 1,466,878,326.22 at the end of 2012[18]. - The total liabilities decreased by 2.92% to CNY 368,117,452.06 in 2013 from CNY 379,184,093.72 in 2012[18]. - The company's cash flow from operating activities was CNY 70,152,539.93, a slight decrease of 2.04% from CNY 71,610,628.11 in 2012[18]. - The basic earnings per share increased by 50% to CNY 0.18 in 2013 from CNY 0.12 in 2012[18]. - The weighted average return on equity rose to 2.03% in 2013, up from 1.35% in 2012[18]. - The asset-liability ratio improved to 24.78% in 2013, down from 25.85% in 2012[18]. Revenue and Profitability - In 2013, the company achieved operating revenue of CNY 417.22 million, a decrease of 13.17% compared to 2012[28]. - The net profit attributable to shareholders increased by 52.04% to CNY 21.81 million, with basic earnings per share rising to CNY 0.18, a 50% increase year-on-year[28]. - The company reported a total of CNY 2.64 million in non-recurring gains and losses for 2013, significantly higher than CNY 421,009.76 in 2012[20]. - The company's revenue from waste heat power generation business reached ¥417,182,878.02, with a profit of ¥85,269,579.55[39]. - The company's revenue from waste heat power generation was approximately ¥417.18 million, a decrease of 13.18% year-over-year[41]. - Revenue from the construction contracts segment decreased by 31.38% year-over-year, totaling approximately ¥250.76 million[41]. - The company achieved a significant revenue increase of 66.86% in the South China region, amounting to approximately ¥110.08 million[41]. Investment and R&D - Research and development expenses amounted to CNY 12.65 million, representing 3.03% of operating revenue, with a focus on waste heat power generation technology[33]. - The company plans to invest no less than 3% of its annual sales revenue in research and development, focusing on optimizing low-temperature waste heat power generation technology[66]. - The company invested CNY 36 million in the Kashgar Feilong 2000-ton new dry cement production line waste heat power generation contract energy management project, which is currently in partial operation due to the impact of kiln shutdown and boiler debugging[51]. - The company has applied for proprietary patent technology in the field of oxygen-enriched combustion, with conditions ready for promotion in high-energy consumption areas such as industrial kilns and petrochemicals[34]. - The company obtained 22 new patents during the reporting period, including 4 invention patents and 18 utility model patents[45]. Cash Flow and Liquidity - The cash and cash equivalents net increase dropped by 83.80% compared to the previous year, mainly due to increased investments and bank guarantees[29]. - Operating cash inflow totaled ¥455,254,537.27 in 2013, down 14.02% from ¥529,468,994.12 in 2012[36]. - The net cash flow from operating activities was ¥70,152,539.93, a slight decrease of 2.04% compared to ¥71,610,628.11 in the previous year[36]. - The total cash and cash equivalents at the end of the period is ¥699,791,599.40, slightly up from ¥697,419,595.03[149]. Corporate Governance and Compliance - The company has established a comprehensive corporate governance structure, ensuring compliance with relevant laws and regulations[119]. - The company has established and strictly executed insider information management systems to prevent information leakage[77]. - The company has not reported any issues regarding the use and disclosure of raised funds[52]. - The company has designated personnel to coordinate and address regulatory concerns raised by the Dalian Regulatory Bureau of the China Securities Regulatory Commission[51]. Shareholder Information - The total distributable profit available for shareholders was 132,020,042.58 CNY, with a cash dividend of 3,540,000.00 CNY proposed, representing 100% of the profit distribution[73][71]. - The cash dividend per 10 shares is set at 0.30 CNY (including tax), based on a total share capital of 118,000,000 shares[73]. - The cash dividend payout ratio for 2013 is 16.23% of the net profit attributable to shareholders[76]. - The company has maintained a cash dividend policy where at least 80% of profits are distributed as cash dividends during its mature development stage[72]. Market Expansion and Strategy - The company is actively expanding into new industry sectors while stabilizing its main business operations[38]. - The company aims to diversify its business and enhance competitiveness through investments in natural gas equipment manufacturing, with a capital contribution of RMB 49 million for a 49% stake in Shandong Xinneng Energy Equipment Manufacturing Co., Ltd.[59]. - The company plans to explore various operational models, including carbon emission trading and mergers and acquisitions, to align with industry trends[64]. - The company is considering potential mergers and acquisitions to strengthen its market position, with a budget allocation of 50 million for this purpose[108]. Employee and Management Information - The total remuneration paid to directors, supervisors, and senior management in 2013 amounted to 2.5169 million yuan, with 13 out of 16 individuals receiving compensation[110]. - The company employed a total of 220 staff members at the end of the reporting period, a decrease of 40 compared to the previous year[115]. - R&D and technical personnel comprised 61% of the workforce, totaling 134 individuals, which is a decrease of 26 from the previous year[115]. Financial Instruments and Accounting Policies - The company recognizes goodwill when the acquisition cost exceeds the fair value of identifiable net assets acquired in a business combination under common control[171]. - Financial instruments are classified as financial assets or financial liabilities at initial recognition, with specific categories including trading financial assets and liabilities, held-to-maturity investments, and loans and receivables[176]. - The company measures financial assets and liabilities at fair value upon initial recognition, with subsequent measurement based on their classification[178].