GETM(SH:600232)2015-07-02 16:00Financial Performance - In 2012, the company achieved a net profit attributable to shareholders of RMB 8,414,148.37, a decrease of 68.54% compared to RMB 26,743,553.47 in 2011[8]. - The company's operating revenue for 2012 was RMB 1,087,886,567.79, down 11.56% from RMB 1,230,100,600.93 in 2011[27]. - The total profit for the year was CNY 8.59 million, down 72.79% compared to the previous year[38]. - Basic earnings per share for 2012 were RMB 0.02, down 71.43% from RMB 0.07 in 2011[28]. - The company reported a weighted average return on equity of 0.69% for 2012, down from 2.19% in 2011[28]. - The company reported a significant increase in other income, totaling ¥16,947,062.31 compared to ¥3,461,431.17 in the previous period[163]. - The net profit for the year was CNY 8,414,148.37, a significant decline compared to the previous year's profit[172]. Cash Flow and Assets - The net cash flow from operating activities decreased by 40.93% to RMB 65,683,212.81 from RMB 111,193,469.28 in the previous year[27]. - The total assets at the end of 2012 were RMB 1,923,313,087.94, a decline of 3.76% from RMB 1,998,436,952.01 in 2011[27]. - Cash and cash equivalents decreased from ¥469,061,445.84 to ¥437,359,915.48, a reduction of approximately 6.7%[157]. - The company's total equity at the end of the year was CNY 1,211,488,797.70, down from CNY 1,257,832,077.46, reflecting a decrease of approximately 3.7%[174]. - The net cash flow from operating activities for 2012 was CNY 78,385,713.94, a decrease of 37.9% compared to CNY 126,193,078.07 in the previous year[169]. Revenue by Segment - The textile machinery segment generated revenue of CNY 249.09 million, a decline of 1.24% year-on-year[35]. - The silk spinning products segment reported revenue of CNY 166.54 million, down 14.3% year-on-year[35]. - The linen textile segment's revenue was CNY 338.99 million, a decrease of 4.4% year-on-year, with a gross profit decline of 44.94%[36]. - The plastic machinery segment saw revenue drop to CNY 164.52 million, down 35.72% year-on-year[36]. - The knitting and clothing segment achieved revenue of CNY 96.03 million, an increase of 10.6% year-on-year[37]. Market and Strategic Focus - The company aims for a total revenue target of ¥1.3 billion for the year 2013, focusing on brand development and enhancing core competitiveness in domestic and international markets[63]. - The company plans to continue expanding its domestic market and increasing R&D efforts to boost sales revenue[40]. - The company emphasizes "innovation-driven, transformation development" as its strategic focus for 2013, aiming to balance growth scale with quality and efficiency[63]. - The company recognizes the competitive pressures in the textile machinery industry, particularly from low-cost labor in developing countries and advanced technologies in developed nations[60]. Shareholder and Governance - The total number of shareholders at the end of the reporting period was 32,858, with the top ten shareholders holding 46.87% of the shares[96]. - The largest shareholder, Zhejiang Jinying Group, holds 170,952,293 shares, accounting for 46.87% of the total[96]. - The board of directors consists of 9 members, including 3 independent directors, complying with legal requirements[125]. - The supervisory board is composed of 5 members, including 2 employee representatives, meeting regulatory standards[125]. - The company has established a registration management system for insider information, ensuring compliance with regulations[126]. Compliance and Social Responsibility - The company has implemented measures to ensure compliance with environmental regulations and has not faced any violations[73]. - The company is actively engaged in social responsibility initiatives, focusing on stakeholder rights and environmental sustainability[70]. - The company has not received any administrative measures from regulatory authorities during the reporting period[124]. Internal Control and Audit - The internal control system was established and effectively implemented, with the board taking responsibility for its oversight[143]. - The financial statements were audited by Tianjian Accounting Firm, receiving a standard unqualified opinion[148]. - The audit committee provided professional opinions on the financial report, ensuring its accuracy and completeness[137]. Employee and Management - The total number of employees in the parent company is 2,611, and the total number of employees in major subsidiaries is 2,271, resulting in a combined total of 4,882 employees[115]. - The total remuneration for the board of directors and senior management in 2012 amounted to RMB 173.8 million[105]. - The company has established a training system that combines internal and external training for employees, ensuring their development aligns with the company's needs[118].