TROILA TECHNOLOGY(SH:600225)2015-04-28 16:00Financial Performance - In 2014, the company's operating revenue was CNY 2,547,674,178.10, a decrease of 10.33% compared to CNY 2,841,150,063.84 in 2013[24]. - The net profit attributable to shareholders was CNY 13,324,377.47, recovering from a loss of CNY 276,097,235.94 in 2013[24]. - The company's basic earnings per share (EPS) for 2014 was CNY 0.02, a significant improvement from a loss of CNY 0.44 in 2013[26]. - The company reported a net loss of CNY 60,384,577.55 from non-recurring items in 2014, compared to a net gain of CNY 64,145,153.58 in 2013[29]. - The company reported a net profit of RMB 322,975,246.96, down from RMB 358,158,169.20, reflecting a decrease of about 9.8% in retained earnings[188]. - The net profit for 2014 was a loss of ¥153,062,602.20, compared to a loss of ¥116,474,961.88 in the previous year, indicating a worsening financial performance[197]. Cash Flow - The net cash flow from operating activities was -CNY 1,475,844,813.97, showing a slight improvement from -CNY 1,675,648,603.53 in the previous year[24]. - The net cash flow from operating activities was a negative ¥1,475,844,813.97, slightly improved from a negative ¥1,675,648,603.53 in the previous year[200]. - Cash inflows from operating activities totaled ¥1,396,299,503.17, down 49.6% from ¥2,772,977,057.89 in the previous year[199]. - Cash outflows from operating activities were ¥2,872,144,317.14, a decrease of 35.5% compared to ¥4,448,625,661.42 in the previous year[200]. - The net cash flow from financing activities was a negative ¥199,898,632.44, contrasting with a positive ¥2,302,279,339.65 in the previous year[200]. Assets and Liabilities - Total assets increased by 5.90% to CNY 13,499,223,714.83 at the end of 2014, compared to CNY 12,747,220,528.57 at the end of 2013[24]. - The company's cash and cash equivalents decreased by 40.76% to CNY 1,350,159,844.25, primarily due to loan repayments[54]. - Accounts receivable increased by 636.72% to CNY 1,493,667,310.74, mainly due to receivables from the transfer of the Zero Island project[54]. - Total liabilities reached RMB 12,366,990,526.97, compared to RMB 11,646,013,462.16 at the start of the year, reflecting an increase of about 6.2%[187]. - Long-term borrowings increased significantly to RMB 4,769,023,349.65 from RMB 3,396,883,635.58, indicating a rise of about 39.5%[187]. Revenue and Costs - The company's total revenue for 2014 was CNY 2,547,674,178.10, representing a decrease of 10.33% compared to CNY 2,841,150,063.84 in 2013[35]. - The cost of real estate development was CNY 1,088,107,974.33, accounting for 97.06% of total costs, which is a decrease of 48.27% year-on-year[41]. - Total operating costs for 2014 were CNY 2,358,490,869.83, down 25.7% from CNY 3,173,109,653.27 in 2013[193]. Investments and Projects - The company achieved a new construction area of 220,000 square meters in 2014, with a completion area of 200,000 square meters[33]. - The company expanded its land reserves by 64,000 square meters in 2014, with a total of 24 ongoing projects covering approximately 2.62 million square meters[32]. - The company plans to invest approximately 2.6 billion yuan in 2015, focusing on various projects including Wu Tai Songjiang City and Dongjiang Port Project[70]. Corporate Governance and Compliance - The company has committed to social responsibility initiatives, including sponsoring education for underprivileged students and promoting environmental activities[78]. - The company has emphasized the importance of product quality and after-sales management in its operational strategy[78]. - The company will strictly adhere to the commitment to avoid competition with Tianjin Songjiang, accepting responsibility for any related losses[104]. - The company is committed to transparency and accountability, as evidenced by the approval of various reports and proposals during the shareholder meetings[166]. Shareholder Information - The total compensation for the board members and senior management during the reporting period amounted to CNY 3.1423 million, with an average salary of CNY 2.2727 million[147]. - The total number of shareholders increased from 25,490 to 27,323 by the end of the reporting period[131]. - The company has maintained a stable shareholding structure, with no changes in the number of shares held by directors and senior management during the reporting period[147]. Risk Management - The report includes a risk statement regarding forward-looking statements and potential investment risks[5]. - The company anticipates facing macro policy risks that could impact project construction, development costs, and sales, necessitating close monitoring of market conditions[72].