ZJQY(SH:600210)2014-04-21 16:00Financial Performance - The company achieved a consolidated net profit attributable to the parent company of RMB 227,921,167.13 in 2013, with a parent company net profit of RMB 294,715,870.11[8]. - The company achieved total operating revenue of RMB 8.626 billion in 2013, a year-on-year increase of 7.06%[26]. - Net profit attributable to shareholders reached RMB 227.92 million, reflecting a significant growth of 40.86% compared to the previous year[26]. - Basic earnings per share increased to RMB 0.159, marking a growth of 40.71% year-on-year[27]. - The weighted average return on equity rose to 6.19%, an increase of 1.84 percentage points compared to the previous year[27]. - The company reported a decrease in financial expenses by 27.24%, contributing significantly to the increase in net profit[40]. - The company reported a net profit of 3,278.92 million RMB from its packaging subsidiary, Shanghai Zijiang Color Printing Packaging Co., Ltd., with an operating income of 69,356.84 million RMB[67]. - The company reported a net profit of CNY 294,715,870.11 for the current year, contributing to an increase in retained earnings[187]. Dividend Distribution - A cash dividend of RMB 1 per 10 shares (including tax) will be distributed to shareholders, totaling RMB 143,673,615.80, with the remaining RMB 502,804,346.09 to be carried forward for future distribution[8]. - The company has a stable cash dividend policy, aiming for a cash distribution of at least 30% of the average distributable profit over the last three years[91]. - Since its listing in 1999, the company has distributed a total of approximately 2.33 billion RMB in cash dividends[91]. - The company distributed cash dividends of RMB 10 per share in 2013, maintaining the same level as in 2012[92]. Assets and Liabilities - The total assets at the end of 2013 were RMB 10.643 billion, up 3.54% from the previous year[26]. - The company's total liabilities increased to RMB 5,577,829,636.54 from RMB 5,278,233,567.25, representing a rise of about 5.67%[166]. - The total equity of the company rose to RMB 3,197,561,091.05, up from RMB 3,028,273,287.89, indicating an increase of approximately 5.59%[166]. - The company's inventory increased to RMB 70,337,975.35 from RMB 57,793,890.07, reflecting a growth of approximately 21.69%[163]. Operational Efficiency - The net cash flow from operating activities was RMB 1.046 billion, which represents a decrease of 6.56% from the previous year[26]. - The company emphasized cash flow management and efficient use of funds to ensure stable operations[35]. - The company’s cash flow from operating activities decreased by 6.56% to 1,046.91 million RMB[38]. - The company’s cash and cash equivalents net increase decreased by 128.41% to -¥9,529.72 million from an increase of ¥33,542.40 million in the previous year[51]. Research and Development - The research and development expenditure amounted to 146.24 million RMB, accounting for 1.70% of operating revenue[47]. - The company applied for 11 utility model patents and received 18 utility model patent authorizations during the reporting period[34]. - The company has developed lithium-ion battery aluminum-plastic film with independent intellectual property rights, which has passed certification from major domestic battery manufacturers, indicating strong future prospects[78]. Market Position and Strategy - The company has maintained a leading market share in the PET bottle and packaging materials sector, recognized with awards such as Coca-Cola's "Best Supplier Platinum Award" and Danone's "Excellence in Beverage Cooperation Award" in 2013[75]. - The company aims to enhance its competitive advantage through continuous innovation in packaging materials and technologies, focusing on functionality, environmental friendliness, and customization[74]. - The beverage OEM business achieved a sales volume of 1 billion standard bottles in 2013, establishing itself as a leader in the industry with strong cost control and operational efficiency[76]. - The company is expanding its market presence by establishing subsidiaries in cities like Shenyang, Guangdong, and Chongqing, focusing on product innovation and high-end customer demands[76]. Risk Management - The company emphasizes the importance of risk awareness regarding future plans and potential adverse impacts on development[13]. - The company faces risks from fluctuations in domestic and international economic conditions, which may impact consumer spending and the packaging business[84]. - Seasonal variations in the beverage industry may affect sales, prompting the company to diversify its product offerings to mitigate reliance on seasonal demand[86]. Corporate Governance - The company has received a standard unqualified audit report from Lixin Certified Public Accountants[7]. - The company’s financial report is guaranteed to be true, accurate, and complete by its board of directors and management[5]. - The company has maintained compliance with corporate governance standards as per the relevant laws and regulations, ensuring transparency and accountability[141]. Shareholder Relations - The board of directors will consider shareholder feedback, especially from minority shareholders, when formulating profit distribution policies[90]. - The total number of shareholders at the end of the reporting period was 166,383, with the largest shareholder holding 22.99% of the shares[114]. - The company has not reported any significant litigation or arbitration matters for the year 2013[95].