AEROSPACE POWER(SH:600343)2014-03-14 16:00Financial Performance - The company's operating revenue for 2013 was CNY 1,386,721,858.28, representing an increase of 11.17% compared to CNY 1,247,424,297.89 in 2012[20]. - The net profit attributable to shareholders for 2013 was CNY 73,552,949.48, a 29.51% increase from CNY 56,794,222.98 in 2012[20]. - The net profit after deducting non-recurring gains and losses was CNY 53,748,041.98, up 25.33% from CNY 42,885,691.10 in 2012[20]. - The net cash flow from operating activities increased by 66.78% to CNY 76,641,154.84 from CNY 45,954,332.09 in 2012[20]. - Basic earnings per share for 2013 were CNY 0.2458, reflecting a 3.71% increase from CNY 0.2370 in 2012[20]. - The company's total revenue for 2013 was CNY 138,672.19 million, an increase of 11.17% compared to the previous year[46]. - Net profit attributable to the parent company reached CNY 7,355.29 million, reflecting a year-on-year growth of 29.51%[43]. - The company reported a total profit of ¥95,799,433.49, compared to ¥76,635,537.26, which is an increase of approximately 25%[167]. Assets and Liabilities - The total assets at the end of 2013 were CNY 3,789,811,696.51, a 33.36% increase from CNY 2,841,748,476.35 at the end of 2012[20]. - The net assets attributable to shareholders increased by 91.90% to CNY 2,180,043,293.18 from CNY 1,136,025,000.67 at the end of 2012[20]. - The company reduced total liabilities by CNY 108.12 million, a decrease of 8.44% compared to the beginning of the period[25]. - The company's total liabilities decreased to CNY 1,172,956,031.29 from CNY 1,281,080,049.86, a reduction of about 8.5%[161]. - The company's total non-current assets amounted to CNY 1,116,174,000.00, with significant investments in fixed assets totaling CNY 800,485,861.86[159]. Cash Flow - The net cash flow from operating activities was CNY 76.64 million, an increase of 66.78% compared to the previous year[27]. - The company reported a net cash inflow from financing activities of CNY 81,619.43 million, a dramatic increase of 879.12% compared to the previous year[42]. - Cash and cash equivalents increased by 80,383.33 million RMB, a growth of 148.67%, primarily due to the receipt of fundraising[56]. - Cash and cash equivalents at the end of the period amounted to ¥944,505,492.58, up from ¥538,643,706.92, showing a significant increase of about 75.4%[173]. Research and Development - Research and development expenses rose to CNY 47.93 million, a 33.69% increase from the previous year[27]. - The company applied for 67 patents in 2013, a 34% increase year-on-year, and received 20 patent authorizations[39]. - The company is focusing on innovation-driven strategies, increasing investment in R&D across its four major product clusters[81]. Dividends and Profit Distribution - The company proposed a cash dividend of CNY 1.00 per 10 shares and a capital reserve transfer of 10 shares for every 10 shares held[3]. - In 2013, the total cash dividend distributed amounted to 31,910,317.40 RMB, representing 43.38% of the net profit attributable to the company's shareholders[89]. - The independent directors believe that the proposed profit distribution plan aligns with the company's development and shareholder return strategy[88]. Corporate Governance - The company has established a governance structure including a shareholders' meeting, board of directors, and supervisory board, along with 14 functional departments[194]. - The board of directors has maintained independence, with independent directors constituting over one-third of the board members, ensuring unbiased opinions on related transactions[141]. - The company has established a sound corporate governance structure and internal control system, ensuring compliance with relevant laws and regulations[141]. Market and Product Development - New orders signed in 2013 amounted to CNY 890 million for pump and pump system products, representing a growth of over 42% compared to 2012[30]. - The company is focusing on the development of fire pumps and special pump technologies, supported by existing market resources and government initiatives in clean energy and environmental protection[76]. - The company has established strategic partnerships with several automotive manufacturers for torque converter products, enhancing market presence[81]. Employee and Training - The total number of employees in the parent company is 889, while the total number of employees in major subsidiaries is 1,759, resulting in a combined total of 2,648 employees[133]. - The company conducted 60 training sessions in 2013, with a total of 938 participants, including 661 employees trained internally and 277 employees trained externally[135]. - The company aims to enhance training management in 2014 by implementing a more scientific approach to training needs assessment and establishing specific management systems[136]. Future Outlook - The company aims to achieve a total revenue of 1.61 billion CNY in 2014[80]. - The company has plans for future capital increases and strategic investments to enhance its market position[184]. - The company is committed to developing high-tech chemical and biological equipment to meet domestic market demands[78].