CSI(SH:600158)2014-03-31 16:00Financial Performance - The company's operating revenue for 2013 was CNY 984,967,542.39, a decrease of 6.14% compared to CNY 1,049,439,102.92 in 2012[23] - The net profit attributable to shareholders for 2013 was CNY 136,311,915.47, representing a significant increase of 74.85% from CNY 77,957,530.86 in 2012[23] - The basic earnings per share for 2013 was CNY 0.1616, up 74.89% from CNY 0.0924 in 2012[24] - The total operating revenue for the company in 2013 was CNY 979,703,414.39, a decrease of 6.17% compared to the previous year[53] - Net profit for 2013 was CNY 188,720,735.28, representing an increase of 84.5% compared to CNY 102,359,547.83 in the previous year[192] - The company reported a net profit of 136,311,915.47 RMB for 2013, with a cash dividend payout ratio of 30.33%[86] Assets and Liabilities - The total assets at the end of 2013 amounted to CNY 3,628,606,960.20, an increase of 4.14% from CNY 3,484,256,846.95 at the end of 2012[23] - The company's total liabilities were reported at CNY 1,800,947,443.55, compared to CNY 1,854,455,960.00 at the beginning of the year, showing a decrease in liabilities[188] - The company's equity attributable to shareholders increased to CNY 1,424,788,032.46 from CNY 1,300,070,123.54, reflecting a growth in shareholder value[188] - The total equity attributable to the parent company at the end of the current period is CNY 1,827,659,516.65, an increase from CNY 1,629,800,886.95 at the end of the previous period, reflecting a growth of approximately 12.1%[200] Cash Flow - The cash flow from operating activities for 2013 was negative at CNY -94,273,968.73, showing an improvement from CNY -99,158,673.22 in 2012[23] - The cash inflow from operating activities amounted to CNY 1,261,117,482.43, an increase of 29.0% compared to CNY 977,144,746.90 in the previous period[196] - The cash inflow from investment activities was CNY 197,616,855.75, up from CNY 135,537,876.79, resulting in a net cash flow of CNY 107,028,562.39 compared to CNY -61,443,121.13 previously[196] Revenue Breakdown - Revenue from sports-related activities rose to 488 million yuan, up 24.07% from 393 million yuan in 2012, accounting for 49.80% of total revenue[30] - Real estate-related revenue fell by 24.44% to 492 million yuan, a decrease of 159 million yuan compared to the previous year[31] - The company reported a significant increase in revenue from the lottery-related business, which rose by 118.77% to CNY 131,383,972.80[53] Strategic Initiatives - The company plans to distribute a cash dividend of CNY 0.49 per 10 shares, totaling CNY 41,343,033.28, with retained earnings of CNY 125,020,245.00 to be carried forward[5] - The company plans to obtain internet lottery operation service licenses in 2014, aiming to become a leading internet lottery operator[45] - The company aims to increase the number of entrusted operated venues in 2014, enhancing its core competitiveness in venue management[44] Subsidiaries and Investments - Major subsidiaries include Zhongti Real Estate Co., Ltd. with total assets of CNY 436.92 million and a net loss of CNY 1.56 million[66] - The company acquired 60% of Yizheng Zhongao Real Estate Co., adding 167 acres of land reserves, and won an additional 177 acres through land bidding[31] - The company established Beijing Zhongti Brokerage Management Co., Ltd. to expand market share, contributing CNY 2.75 million to profits[68] Governance and Compliance - The company has established a comprehensive governance structure, ensuring clear responsibilities among the shareholders' meeting, board of directors, and management[146] - The company has made significant efforts to comply with governance standards set by regulatory bodies, ensuring transparency and accountability[145] - The company reported no significant deficiencies in internal control over financial reporting as of December 31, 2013, indicating effective internal controls in all material aspects[174] Human Resources - The company employed a total of 1,141 staff, with 303 in management, 346 in sales, 318 in technical roles, 98 in finance, and 76 in administration[136] - 58% of employees hold a bachelor's degree or higher, while 26% have a college diploma[142] - The company has implemented a training program focusing on professional skills and efficiency, covering areas such as corporate regulations and human resource management[138]