JIANGSU SAINTY(SH:600287)2014-03-10 16:00Financial Performance - In 2013, the total profit amounted to CNY 116,469,437.29, with a net profit of CNY 108,677,698.33, reflecting a significant increase compared to the previous year[6]. - The operating revenue for 2013 was CNY 5,797,617,498.58, representing a 1.14% increase from CNY 5,732,116,112.89 in 2012[30]. - The net profit attributable to shareholders reached CNY 333,814,435.36, a remarkable increase of 1,592.10% compared to CNY 19,727,798.00 in 2012[30]. - The total profit for 2013 was 124 million RMB, representing a 77.63% increase from the previous year, and surpassing the annual target by 12.33%[39]. - The net profit attributable to the parent company was 56 million RMB, a significant increase of 182.33% compared to the previous year[39]. - The company reported a non-recurring profit and loss of 313.13 million RMB in 2013, a substantial increase from 16.84 million RMB in 2012[34]. - The company reported a total revenue of RMB 932,533.91 million for the year 2013, with a total profit of RMB 24,341.86 million (unaudited)[189]. Cash Flow and Assets - The net cash flow from operating activities was CNY 286,029,854.96, a significant recovery from a negative cash flow of CNY -211,833,497.39 in 2012[30]. - The total assets at the end of 2013 were CNY 4,854,392,941.71, an increase of 11.14% from CNY 4,367,906,618.37 in 2012[30]. - The net cash flow from operating activities improved significantly to CNY 28,602.99 million, a turnaround from a negative cash flow of CNY -21,183.35 million in the previous year[66]. - The net cash flow from investing activities decreased to -4,145.10 million from 825.75 million, reflecting increased loans to Nanjing International Leasing Co., Ltd.[73]. - The net cash flow from financing activities improved to -12,958.81 million from -21,380.11 million, indicating effective capital management strategies[73]. - The current debt-to-asset ratio stands at approximately 71.56%, indicating a relatively high level of leverage[141]. Dividends and Shareholder Returns - The company proposed a cash dividend of CNY 0.80 per 10 shares, totaling CNY 34,943,685.92 to be distributed to shareholders[7]. - In 2013, the company distributed cash dividends totaling ¥17,471,842.96, with cumulative cash dividends over three years amounting to ¥43,679,607.40, representing 162.20% of the average distributable profit for 2010-2012[138]. - The proposed cash dividend for 2013 is ¥0.08 per share, totaling ¥34,943,685.92, which is 10.47% of the net profit attributable to the parent company[139]. Operational Efficiency and Management - The company successfully implemented an ERP system in 2013, improving business process transparency and efficiency[48]. - The company emphasized team building and management efficiency, fostering a culture of performance and accountability[40]. - The company emphasized the importance of internal audits, transitioning from financial audits to management audits to enhance decision-making and operational efficiency[53]. - The company aims to optimize its resource allocation and has made significant progress in asset transactions with Guoxin Group and Shuntian Group, enhancing its core business capabilities[57]. - The company plans to deepen the integration of trade and financial services, aiming for a synergistic development between its core trade business and modern financial services[61]. Market and Strategic Outlook - The company anticipates a favorable external environment for trade due to the recovery of major economies, which is expected to boost export demand[116]. - The company aims to enhance its core trade business in clothing and optimize resource allocation and business integration[119]. - The company plans to balance its import and export trade while optimizing its product structure and enhancing customer engagement to ensure stable growth in exports[131]. - The company is focused on risk prevention and control, enhancing its ERP system, and exploring various financing channels to meet funding needs[127]. - The company recognizes the risks posed by rising costs of raw materials, labor, and financing, and plans to maintain competitive advantages through quality control and brand building[132]. Investments and Acquisitions - The company completed the acquisition of a 25.96% stake in Nanjing International Leasing Co., Ltd. for 117.8 million RMB, becoming the largest shareholder[115]. - The company holds a 25.96% stake in Nanjing International Leasing Co., Ltd., with an investment of 113.84 million[91]. - The company sold 1,246.40 million shares of Xiamen Bank for CNY 47,390,465, resulting in an investment gain of CNY 16,230,465[98]. - The company has disposed of several subsidiaries, which negatively impacted the net profit by approximately 6.34 million RMB from Chongqing Shuntian Xiteng Industrial Co., Ltd.[113]. Future Goals and Projections - The company plans to achieve a total profit of 120 million RMB and sales revenue of 5.8 billion RMB for the year 2014[120]. - The company will focus on team building and improving management efficiency as part of its strategic goals for 2014[122]. - The company aims to enhance its trade business by improving comprehensive service capabilities and achieving moderate growth in export scale while focusing on the development of import trade[123]. - The company is committed to maintaining a safe production environment with zero accidents as part of its operational goals for 2014[120]. Shareholder Structure and Governance - The total number of shareholders at the end of the reporting period was 37,463, compared to 38,759 at the end of the previous trading period[183]. - Jiangsu Shuntian International Group Co., Ltd. holds 50.32% of the shares, with a total of 219,798,145 shares, having decreased by 465,499 shares during the reporting period[183]. - The company has maintained its accounting firm, Tianheng CPA, for 21 years, with total fees paid in 2013 amounting to 1.618 million RMB[171]. - There were no penalties or corrective actions imposed on the company or its executives during the reporting period[172].