AISINO CO.LTD.(SH:600271)2015-04-08 16:00Financial Performance - The company achieved a total operating revenue of CNY 19.96 billion in 2014, representing a year-on-year increase of 20.36%[21]. - The net profit attributable to shareholders of the listed company was CNY 1.15 billion, an increase of 5.04% compared to the previous year[21]. - The total assets of the company reached CNY 10.64 billion, up 14.41% from the previous year[21]. - The net assets attributable to shareholders of the listed company increased to CNY 6.71 billion, a growth of 9.87% year-on-year[21]. - The basic earnings per share for 2014 was CNY 1.24, reflecting a 5.08% increase from the previous year[21]. - The company's operating revenue increased by 20.36% year-on-year, reaching ¥1,995,919.05 million, primarily due to business expansion in the financial payment sector and enhanced marketing capabilities[23]. - Operating costs rose by 19.94% year-on-year to ¥1,653,034.54 million, with the growth rate lower than that of operating revenue, attributed to the higher gross margin in the financial payment business[23]. - The net cash flow from operating activities was ¥175,780.56 million, an increase of 19.22% year-on-year, driven by higher cash receipts from sales[27]. - The company reported a significant increase in sales expenses, which grew by 20.26% year-on-year, primarily due to the expansion of business operations[24]. - Management expenses surged by 31.85% year-on-year, largely due to increased R&D investments and higher salaries for R&D personnel[25]. - The company reported a total of $93.53 million in raised funds, with all projects funded as per the investment plan[45]. - The company reported a total comprehensive income of RMB 1,672,107,994.73, compared to RMB 1,493,058,534.84 in the previous year[190]. Investment and R&D - Research and development expenses totaled ¥31,796.40 million, representing a 52.20% increase compared to the previous year, with R&D spending accounting for 1.59% of operating revenue[25]. - The company completed the consolidation of two subsidiaries in the financial payment sector, contributing to the increase in R&D expenditures[26]. - The company invested $24.8 million in the anti-counterfeiting tax control system upgrade and industrialization project, with an actual investment of $24.79585 million, achieving expected returns[44]. - The IC card application technology research and industrialization project received an investment of $22.8 million, with actual investment totaling $22.80415 million, also meeting expected returns[46]. - The company has strengthened its R&D and market expansion efforts in the chip business, maintaining stable growth despite competitive pressures[52]. - The company is committed to increasing investment in research and development to adapt to new technologies and business models, which poses a challenge to its existing profit models[80]. Assets and Liabilities - Total assets reached 10.6380416 billion yuan, an increase of 1.3400342 billion yuan, or 14.41%, from the end of 2013[35]. - Total liabilities amounted to 2.5887009 billion yuan, up 333.2098 million yuan, or 14.77%, from the previous year[35]. - The total equity attributable to shareholders increased to 6.7126158 billion yuan, a growth of 602.8270 million yuan, or 9.87%[35]. - Accounts receivable rose by 29.16709 million yuan, a growth of 42.68%, primarily due to the expansion of channel sales and system integration business[35]. - Cash and cash equivalents at year-end were RMB 5,487,955,417.36, compared to RMB 5,141,353,512.01 at the beginning of the year, showing a growth of about 6.7%[180]. - The company's total liabilities increased to RMB 2,588,700,906.45 from RMB 2,255,491,127.74, representing a rise of about 14.8%[183]. Market and Business Expansion - The company has accumulated several million users in the tax-related field, providing a valuable customer base for future business development[39]. - The company is actively expanding its market reach through strategic partnerships and technology development initiatives[60]. - The company aims to achieve breakthroughs in capital operations and international market expansion as part of its strategic goals[73]. - The company is focusing on increasing its user base through adjustments in national policies, which will support the growth of its three main business segments[69]. - The company is pursuing internationalization, with a goal for international business revenue to account for 20% of total income[71]. Corporate Governance and Management - The company adheres to strict corporate governance practices, ensuring compliance with relevant laws and regulations, and maintaining a clear separation between the company and its controlling shareholders[141]. - The board of directors has established specialized committees, including an audit committee and a compensation committee, to enhance operational efficiency and decision-making[142]. - The company emphasizes transparency in information disclosure, ensuring that all investors have equal access to information[145]. - The company has implemented a performance evaluation mechanism for senior management, linking compensation to performance[155]. - The company has a structured decision-making process for determining the remuneration of directors and senior management, requiring approval from the shareholders' meeting[129]. Shareholder Information - The total number of shares remains unchanged at 923,400,000, with 100% being unrestricted circulating shares[108]. - The largest shareholder, China Aerospace Science and Industry Corporation, holds 40.15% of the shares, totaling 370,724,086[113]. - The total number of shareholders as of the end of the reporting period is 34,630, down from 37,064 five trading days prior[111]. - The company has not experienced any administrative penalties or public reprimands from the China Securities Regulatory Commission during the reporting period[102]. Employee and Workforce - The total number of employees in the parent company and major subsidiaries is 17,730, with 1,381 in the parent company and 16,349 in subsidiaries[132]. - The professional composition includes 10,638 technical personnel, 2,092 sales personnel, and 798 production personnel, indicating a strong focus on technical expertise[132]. - The company has established a comprehensive training program, including 36 E-learning courses, to enhance employee skills and management capabilities[134]. - The company provides social security and housing fund contributions for its employees, enhancing employee benefits[133]. Related Party Transactions - The total amount of related party transactions reached CNY 376,399,496.44, with various transactions categorized under service provision and goods sales[94]. - The largest service transaction was with Shenzhen Aerospace Property Management Co., amounting to CNY 7,321,935.98, representing 46.15% of similar transactions[91]. - The company provided a total of RMB 5,557,758.11 in funds to related parties during the reporting period, with a balance of RMB 2,766,824.51 remaining[97].