*ST金山(600396) - 2014 Q4 - 年度财报

Dividend Distribution - The company plans to distribute a cash dividend of 1.00 yuan (including tax) for every 10 shares, based on a total share capital of 868,664,386 shares, with a remaining balance of 582,039,593.53 yuan to be carried forward to future years[3]. - The company achieved a cash dividend of CNY 1.5 per 10 shares in 2013, with a payout ratio of 30.18% of the net profit attributable to shareholders[76]. - The company implemented a profit distribution plan, including a capital reserve conversion and profit distribution to shareholders[27]. Business Operations - The company has maintained its main business in the production and supply of electricity and heat since its listing, with no changes reported[17]. - The company has not faced any non-operating fund occupation by controlling shareholders or related parties[4]. - The company has not reported any significant changes in its operational strategy or market expansion plans in the current report[4]. - The company expanded its heating market, resulting in a significant increase in thermal product sales revenue compared to the previous year[34]. - The company’s main business revenue increased by 1.78% year-on-year, while operating costs rose by 0.33%[50]. - The company will focus on expanding the electricity and heating markets, adjusting marketing strategies based on the new electricity reform plan[70]. Financial Performance - In 2014, the company achieved operating revenue of CNY 4,612,343,337.86, representing a year-on-year increase of 4.52%[24]. - The net profit attributable to shareholders of the listed company was CNY 276,960,342.07, an increase of 28.29% compared to the previous year[24]. - The total profit for the year was 486,818,065.70 CNY, with the main business profit contributing 1,350,377,942.20 CNY[45]. - The company’s total assets at the end of the period amounted to 15,000,000,000.00 RMB, with fixed assets accounting for 85.58% of total assets[55]. - The company’s cash flow from investment activities improved by 6.43%, with a net cash flow of -732,637,052.47 CNY[43]. - The company’s net profit for Dan Dong Jinshan Thermal Power Co., Ltd. increased by 353.29% year-on-year, driven by increased electricity generation and expanded heating area despite a decrease in electricity prices[68]. Assets and Liabilities - The total assets at the end of 2014 were CNY 15,010,808,767.05, a slight decrease of 0.59% compared to the previous year[24]. - The company's total liabilities amounted to CNY 12,042,702,306.92, down from CNY 12,862,913,311.12 at the start of the year, indicating a reduction in leverage[200]. - The company's cash and cash equivalents increased to CNY 379,357,854.77 from CNY 366,393,229.83, reflecting a growth of approximately 3%[199]. - Accounts receivable decreased to CNY 397,125,570.32 from CNY 473,873,792.72, representing a decline of about 16%[199]. - The company's inventory rose to CNY 245,658,506.55 from CNY 150,689,525.61, marking an increase of approximately 63%[199]. Shareholder Information - The company has a total of 68,332 shareholders as of the end of the reporting period[132]. - The top shareholder, Dandong Dongfang New Energy Co., Ltd., holds 171,081,452 shares, representing 19.69% of the total shares[134]. - The second-largest shareholder, Dandong Dongchen Economic and Trade Co., Ltd., holds 87,774,596 shares, accounting for 10.10%[134]. - The top ten shareholders collectively hold a significant portion of the company's shares, with the largest three shareholders holding over 35%[134]. Internal Control and Governance - The company’s internal control and financial accounting systems are reported to be well-established and functioning effectively[115]. - The company reported no significant internal control deficiencies in financial reporting during the reporting period[189]. - The external auditor issued an unqualified opinion on the effectiveness of the company's internal controls related to financial reporting[192]. - The governance structure includes a general meeting of shareholders as the highest authority, a board of directors for decision-making, and a supervisory board for oversight, ensuring effective checks and balances[164]. - The company is in the process of completing the election of new independent directors following the resignation of two independent directors, which has resulted in a lack of independent directors constituting one-third of the board[151]. Strategic Initiatives - The company is currently undergoing a major asset restructuring, awaiting approval from regulatory authorities[48]. - The company plans to enhance its market expansion efforts and continue optimizing production management to improve profitability[51]. - The company aims to strengthen its safety production management and enhance supervision over fuel procurement, in line with the new environmental protection laws[70]. - The company is committed to developing clean energy projects, particularly in wind power, and aims to fill gaps in photovoltaic and distributed energy sectors[70]. - The company plans to expand its financing leasing business as part of its strategic initiatives[168].