HHTG(SH:600095)2014-04-21 16:00Financial Performance - The company achieved a net profit attributable to shareholders of RMB 33,150,827.23 in 2013, representing a 35.34% increase compared to RMB 24,494,700.96 in 2012[6]. - Operating revenue for 2013 was RMB 552,760,122.54, a significant increase of 70.81% from RMB 323,606,957.99 in 2012[21]. - The net cash flow from operating activities reached RMB 137,398,768.17, marking a 168.94% increase compared to RMB 51,088,660.77 in the previous year[21]. - The company's basic earnings per share rose to RMB 0.0918, up 35.34% from RMB 0.0678 in 2012[21]. - The company reported a net profit of RMB 21,099,466.02 after deducting non-recurring gains and losses, a significant recovery from a loss of RMB 25,611,732.36 in 2012[21]. - The company achieved an operating income of CNY 553 million in 2013, an increase of CNY 229 million compared to the previous year, representing a growth of 70.81%[28]. - The net profit for 2013 was CNY 33.15 million, an increase of CNY 8.66 million from the previous year[28]. - The company reported a significant increase in cash flow from operating activities, with a net cash flow of CNY 137.4 million, up 168.94% from CNY 51.1 million in the previous year[31]. - The company incurred a substantial increase in business taxes and additional charges, totaling CNY 35.81 million, a 260.96% increase due to higher revenue[34]. - The company reported a net profit of -14.06 million CNY for its subsidiary, Harbin High-Tech Soybean Food Co., with total assets of 266.56 million CNY and equity of 25.48 million CNY as of December 31, 2013[53]. Asset and Equity Changes - The total assets of the company decreased by 7.11% to RMB 1,443,023,931.98 at the end of 2013, down from RMB 1,553,445,865.13 at the end of 2012[21]. - The company's net assets attributable to shareholders increased by 4.20% to RMB 703,379,640.08 at the end of 2013, compared to RMB 675,033,773.98 at the end of 2012[21]. - The company's long-term equity investments rose by 61.93% to CNY 139.32 million, primarily due to increased investment in Puni Solar[45]. - The total equity attributable to the parent company at the end of the year was CNY 703,900,602.35, showing a decrease from the previous year's total of CNY 678,514,404.68[125]. - The total owner's equity at the end of the current period decreased to CNY 662,858,719.08 from CNY 679,648,360.05 in the previous year, indicating a reduction of approximately 2.5%[127]. - The company reported a decrease in capital reserve by CNY 4,804,961.13, contributing to the overall decline in equity[127]. Dividend and Profit Distribution - The company plans to distribute a cash dividend of RMB 0.28 per 10 shares, totaling RMB 10,115,379.82[6]. - The company reported a net profit attributable to shareholders of 33,150,827.23 RMB for 2013, with a cash dividend payout ratio of 30.51%[62]. - In 2013, the company did not propose any cash dividend distribution plan despite having positive undistributed profits[62]. Investment Activities - The investment activities resulted in a net cash outflow of CNY 43.13 million, a significant decrease compared to the previous year's inflow of CNY 50.33 million[31]. - The company reported a significant increase in investment payments, totaling CNY 68.16 million, a 360.51% increase compared to the previous year, primarily due to an investment of USD 8 million in Puni Solar[39]. - The company made a total external equity investment of CNY 50.16 million in 2013, marking a significant increase from the previous year[48]. Risks and Challenges - The company faces risks such as aging equipment and low operating rates in its soybean food production, which may hinder cost reduction efforts[58]. - The company’s major clients accounted for 16.88% of total sales, indicating a moderate customer concentration risk[34]. Corporate Governance and Compliance - The company has maintained a commitment to social responsibility, focusing on legal compliance, tax payment, and employee rights protection[61]. - The company has not reported any significant errors in its annual report, and the responsibility for major errors has been clearly defined[100]. - The company has established a comprehensive internal control system in compliance with national laws and regulations, ensuring effective risk management[94]. - The company holds regular shareholder meetings, ensuring equal treatment of all shareholders and compliance with legal requirements[96]. Employee and Management Information - The total number of employees in the parent company and major subsidiaries is 965, with 20 in the parent company and 945 in subsidiaries[87]. - The total remuneration for directors and senior management during the reporting period amounted to 113.14 million yuan before tax[86]. - The company has not experienced any changes in its core technology team or key technical personnel during the reporting period[86]. Accounting Policies and Financial Reporting - The company’s financial statements comply with the enterprise accounting standards, ensuring transparency and accuracy in reporting[135]. - The company has no significant changes in accounting policies or estimates during the reporting period[194]. - The company recognizes provisions for liabilities when there is a present obligation, probable outflow of economic benefits, and reliable measurement of the obligation[188].