BOCO(SH:600289)2014-03-28 16:00Financial Performance - The company's operating revenue for 2013 was approximately CNY 1.115 billion, a slight decrease of 0.35% compared to CNY 1.119 billion in 2012[20]. - The net profit attributable to shareholders for 2013 was CNY 84.31 million, representing a decline of 22.71% from CNY 109.08 million in 2012[20]. - Basic earnings per share for 2013 were CNY 0.1464, down 22.50% from CNY 0.1889 in 2012[19]. - The weighted average return on equity decreased to 4.42% in 2013 from 5.95% in 2012, a reduction of 1.53 percentage points[19]. - The net cash flow from operating activities was CNY 213.06 million, a decrease of 24.05% compared to CNY 280.52 million in 2012[20]. - The company reported a decrease in the net profit after deducting non-recurring gains and losses to CNY 77.23 million, down 25.68% from CNY 103.92 million in 2012[20]. - The company achieved operating revenue of CNY 1,115,239,042.84, a decrease of 0.35% compared to the previous year[39]. - The net profit attributable to shareholders was CNY 84,310,000, down 22.71% year-on-year[39]. - The net cash flow from operating activities was CNY 21,306,000, reflecting a decline of 24.05% compared to the previous year[39]. - The company reported a net profit for 2013 of CNY 72,682,058.94, down 30% from CNY 103,651,157.39 in 2012[161]. - Earnings per share decreased to CNY 0.1464 from CNY 0.1889, reflecting a decline of 22.4%[161]. Assets and Liabilities - The total assets at the end of 2013 were approximately CNY 2.894 billion, an increase of 1.09% from CNY 2.863 billion at the end of 2012[20]. - The total liabilities were CNY 976,295,849.34, compared to CNY 947,581,239.40 at the start of the year, indicating a rise in liabilities[154]. - The total equity attributable to shareholders was CNY 1,901,894,904.43, slightly up from CNY 1,887,816,421.18 at the beginning of the year[154]. - Cash and cash equivalents decreased to CNY 1,049,114,279.42 from CNY 1,125,372,879.44, reflecting a decline of approximately 6.7%[152]. - Accounts receivable increased to CNY 478,382,668.16 from CNY 453,340,614.76, showing a growth of about 5.5%[152]. - The company's inventory decreased to CNY 142,625,070.93 from CNY 159,266,399.72, representing a decline of approximately 10.5%[152]. - The intangible assets rose significantly to CNY 360,756,954.02 from CNY 268,585,088.59, marking an increase of about 34.3%[153]. - The total current liabilities increased to CNY 976,295,849.34 from CNY 947,581,239.40, indicating a rise of about 3.7%[154]. Dividends and Shareholder Information - The company plans to distribute a cash dividend of CNY 0.45 per 10 shares, totaling CNY 25.72 million, which accounts for 30.50% of the net profit attributable to shareholders[5]. - In 2013, the company distributed cash dividends of 0.60 yuan per 10 shares, totaling 34.63 million yuan, which accounted for 32% of the net profit attributable to shareholders[76]. - For 2014, the company plans to distribute cash dividends of 0.45 yuan per 10 shares, totaling 25.72 million yuan, representing 30.50% of the net profit attributable to shareholders[78]. - The total number of shares after the changes was 571,539,834, with a decrease of 5,697,300 shares[90]. - The total number of shareholders at the end of the reporting period was 48,817, an increase from 48,104 before the report disclosure[101]. - The largest shareholder, Yiyang Group Co., Ltd., holds 22.99% of the shares, totaling 131,397,064 shares, with a decrease of 18,426,479 shares during the reporting period[104]. Research and Development - The company increased R&D expenditure by 101.13% to CNY 156,073,229.88, indicating a strong focus on innovation[41]. - Research and development expenses totaled approximately ¥156.07 million, accounting for 8.21% of net assets and 13.99% of operating income[49]. - The company has made provisions for general risk reserves amounting to CNY 20,385,692.05, indicating a cautious approach to financial management[175]. Market and Business Development - The company plans to focus on four key development areas: mobile business monitoring management, broadcasting industry expansion, smart city construction, and telecom value-added services in 2014[66]. - The company is positioned to benefit from the growing demand for IT services in smart city projects, with significant opportunities in traffic information management systems[62]. - The company is committed to a "four-wheel drive" strategy, focusing on value-added services, industry expansion, international cooperation, and mergers and acquisitions to enhance profitability[64]. - The company is actively participating in the construction of smart cities, leveraging its technology advantages in areas such as intelligent transportation and information security[70]. Governance and Management - The company has a clear governance structure with designated roles for board members and executives, ensuring accountability and strategic direction[113]. - The board of directors consists of 15 members, including 5 independent directors, maintaining a compliant governance structure[125]. - The company has established a transparent performance evaluation and incentive mechanism for directors and senior management, promoting accountability[126]. - The company has maintained its board composition since October 2011, with key figures like Li Zhang and Wang Longsheng continuing their roles, reflecting continuity in governance[114]. Employee and Shareholder Relations - The company has strengthened investor relations management, enhancing communication and information disclosure with investors[127]. - The total compensation for all directors, supervisors, and senior management at the end of the reporting period amounted to 554.66 million yuan[122]. - The number of employees in the parent company is 706, while the total number of employees in major subsidiaries is 2,096, resulting in a total of 2,802 employees[121]. Compliance and Legal Matters - The company has no significant litigation, arbitration, or media disputes during the reporting period[79]. - The company has not faced any penalties or administrative actions from the China Securities Regulatory Commission during the reporting period[87]. - The company has no significant asset transactions or mergers during the reporting period[80].