supor(002032)2014-03-26 16:00Financial Performance - The company's operating revenue for 2013 was CNY 8,383,249,626.61, representing a 21.68% increase compared to CNY 6,889,460,447.50 in 2012[23]. - The net profit attributable to shareholders for 2013 was CNY 588,509,160.46, which is a 25.44% increase from CNY 469,139,044.47 in 2012[23]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 589,145,466.45, up 30.78% from CNY 450,483,731.11 in 2012[23]. - The basic earnings per share for 2013 was CNY 0.927, an increase of 25.44% from CNY 0.739 in 2012[23]. - The total assets at the end of 2013 were CNY 5,737,469,958.54, reflecting a 15.67% increase from CNY 4,960,254,989.12 at the end of 2012[23]. - The net assets attributable to shareholders at the end of 2013 were CNY 3,318,850,290.60, a 9.43% increase from CNY 3,032,744,003.43 at the end of 2012[23]. - The total profit amounted to RMB 748,663,119.41, with a year-on-year increase of 26.28%[30]. - The total operating cost for 2013 was CNY 5,990,546,429.84, with the main business costs amounting to CNY 5,851,498,549.48, reflecting a year-on-year increase of 22.98% for electric pots and 16.15% for cookware[56]. Cash Flow and Investments - The net cash flow from operating activities for 2013 was CNY 587,991,877.50, a decrease of 31.42% from CNY 857,330,477.77 in 2012[23]. - The net cash flow from investment activities showed a significant increase of 66,277.26% year-on-year, reflecting successful recovery of financial products and deposits[52]. - The total amount of cash and cash equivalents increased by 121.60% year-on-year, attributed to improved cash flow management[53]. - The investment income for 2013 rose by 350.38% year-on-year, mainly due to increased returns from financial products and long-term equity investments[47]. Market and Sales Performance - The main business revenue from cookware was RMB 3,548,085,202.35, up 18.48% year-on-year, while the revenue from electrical appliances was RMB 4,682,068,642.42, growing by 23.98%[36]. - Domestic sales revenue reached RMB 5,261,311,410.96, a 15.91% increase, while foreign trade revenue was RMB 2,994,567,825.88, up 32.22%[36]. - In 2013, the company's main business revenue increased by 21.34% compared to the previous year, with cookware and electrical appliances growing by 18.48% and 23.98% respectively, driven by improved domestic and international market conditions[56]. - The company plans to continue expanding its market presence and product offerings, focusing on sustainable and stable growth despite macroeconomic challenges[35]. Product Development and Innovation - The company launched several new products, including IH rice cookers and long-board induction cookers, which contributed to an increase in market share by 1.5 percentage points in the small appliance sector[32]. - Supor's innovative product development has led to the launch of several popular products, including the first safe pressure cooker in China and various upgraded kitchen appliances[61]. - The company aims to enhance product competitiveness and expand market share in the three- and four-tier markets, focusing on innovative products tailored to Chinese consumers[78]. Shareholder Returns and Dividends - The company plans to distribute a cash dividend of CNY 3.70 per 10 shares to all shareholders[5]. - In 2013, the company distributed cash dividends of RMB 234,659,145.59, representing 39.87% of the net profit attributable to shareholders[82]. - A cash dividend of CNY 3.70 per 10 shares (including tax) was proposed, amounting to a total cash dividend distribution of CNY 234,659,145.59, representing 100% of the profit distribution[85]. Risks and Challenges - The company faces risks including macroeconomic downturns, intensified industry competition, and fluctuations in raw material prices[12]. Corporate Governance and Management - The company has established a performance evaluation system and incentive mechanism for directors, supervisors, and senior management, ensuring transparency and compliance with legal regulations[154]. - The company has maintained independence from its controlling shareholder in terms of assets, business, personnel, and financial matters, with no instances of fund occupation[151]. - The company actively manages investor relations, ensuring equal access to information for all shareholders[157]. - The company has conducted training for its board members to enhance decision-making efficiency and professional standards[152]. Employee and Workforce Information - The company employed a total of 11,293 employees as of the end of 2013, with no retired employees requiring financial support[144]. - Production personnel accounted for 59.76% of the total workforce, while sales personnel made up 15.60%[146]. - The company has a total of 3,941 production staff, 1,029 sales staff, and 1,086 technical staff[146]. Financial Position and Assets - The company's total liabilities increased, with accounts payable rising from ¥1,026,468,224.26 to ¥1,252,892,830.24, reflecting an increase of approximately 22%[196]. - Total equity attributable to shareholders rose to ¥3,318,850,290.60 from ¥3,032,744,003.43, marking an increase of about 9.4%[198]. - The company's retained earnings reached ¥2,038,044,079.33, up from ¥1,699,424,373.42, indicating a growth of approximately 20%[198].