But'one(SH:600455)2014-04-04 16:00Financial Performance - The net profit attributable to the parent company for 2013 was CNY 10,537,539.48, with an accumulated undistributed profit of CNY -90,417,631.02 as of December 31, 2013[8]. - The company will not distribute profits for 2013, including cash dividends or stock dividends, as the net profit will be used to offset previous years' losses[8]. - The company has faced losses in 2008, 2009, and 2010, which have contributed to the negative undistributed profits[8]. - The company's operating revenue for 2013 was CNY 260,456,411.43, a decrease of 16.66% compared to CNY 312,514,419.94 in 2012[28]. - The net profit attributable to shareholders for 2013 was CNY 10,537,539.48, down 35.29% from CNY 16,283,663.77 in 2012[28]. - The net cash flow from operating activities was CNY 7,850,532.74, a significant decline of 87.39% from CNY 62,272,670.72 in the previous year[28]. - Basic earnings per share for 2013 were CNY 0.17, a decrease of 34.62% from CNY 0.26 in 2012[28]. - The company reported a weighted average return on equity of 8.80% for 2013, down from 15.31% in 2012, reflecting a decrease of 6.51 percentage points[28]. - The total revenue for the company in 2013 was CNY 260,051,257.97, a decrease of 16.69% compared to the previous year[41]. - The net profit attributable to the parent company for 2013 was CNY 10.5375 million, with a net profit of CNY 4.0870 million after deducting non-recurring gains and losses[40]. Business Operations - The company’s main business as of the end of 2013 includes computer information and higher education, with a reduction in municipal infrastructure construction[24]. - The company has undergone changes in its main business since its listing, with a focus shift towards computer information and higher education[24]. - The company completed the transfer of 76% equity in Xi'an Economic Development Infrastructure Construction Engineering Co., Ltd. in July 2013, impacting its revenue and cost structure[30]. - The company completed the transfer of 40% equity in Xi'an Boda Software Co., Ltd. for CNY 700,000, enhancing resource integration in its computer information business[44]. - The company sold 76% equity in Xi'an Jingfa Infrastructure Construction Co., Ltd. for CNY 27,546,430.01, which was a related party transaction[45]. - The company has invested in the development of computer information technology, adapting to trends in cloud computing and IoT[43]. - The company’s net profit from the Xi'an Jiaotong University City College was CNY 17,694,262.91, attributed to stable enrollment and increased tuition fees[48]. - The number of full-time undergraduate students at the City College reached over 11,700, with a focus on improving educational quality and reputation[43]. Research and Development - Research and development expenses increased by 195.90% to CNY 1,812,259.15 in 2013, compared to CNY 612,456.74 in 2012[33]. - The company's research and development expenses totaled CNY 1,812,259.15, accounting for 0.70% of total revenue[38]. - The company has registered numerous software copyrights and product registrations, indicating a strong commitment to R&D[43]. - The company collaborates with key universities to enhance its R&D capabilities and drive innovation in application software[61]. - The company has a strong focus on R&D, having developed a mature, flexible, secure, and efficient middleware technology platform widely used in e-government applications[60]. Financial Position - The total assets at the end of 2013 were CNY 706,203,528.14, an 8.88% decrease from CNY 775,000,521.80 at the end of 2012[28]. - Cash and cash equivalents decreased by 46.71% to CNY 106,474,189.12, accounting for 15.08% of total assets[42]. - The company’s long-term borrowings decreased by 61.73% to CNY 31,000,000.00, reflecting a strategic reduction in debt[42]. - The total liabilities decreased from CNY 617,509,395.10 to CNY 539,783,658.29, a reduction of approximately 12.6%[131]. - Current liabilities totaled CNY 508,783,658.29, down from CNY 536,509,395.10, reflecting a decrease of about 5.2%[131]. - The company's total equity at the end of the previous year was CNY 96,923,504.71, with a capital reserve of CNY 145,663,447.66[156]. Corporate Governance - The company has received a standard unqualified audit report from Xin Yong Zhong He Accounting Firm[7]. - The company has established a comprehensive cash dividend mechanism to protect investor rights and ensure transparency in decision-making processes[64]. - The company emphasizes social responsibility, focusing on safety production, product quality, environmental protection, and employee rights[66]. - The company has established a labor union and a representative assembly to ensure employee participation in major decisions[68]. - The company has implemented effective internal control measures and has not encountered any insider trading incidents[107]. - The company continues to enhance its corporate governance structure in compliance with relevant laws and regulations[107]. Future Plans - The company aims to enhance its market competitiveness by focusing on core business areas, particularly in computer information and higher education sectors[35]. - The company aims to achieve a revenue target of RMB 245 million in 2014, with a cost control target of RMB 233 million[57]. - The company plans to invest RMB 35 million in its computer information business and RMB 45 million in the construction of the city college campus in 2014[59]. - The company is committed to optimizing its internal control mechanisms to enhance operational management and risk prevention capabilities[58]. - The company is focused on seizing opportunities from the new round of western development and the transformation of domestic and foreign industries[89]. Shareholder Information - The first major shareholder is Xi'an Economic Development Group Co., Ltd., holding 22.40% of the total share capital[25]. - The largest shareholder, Xi'an Economic Development Group Co., Ltd., holds 12,740,232 shares, representing 20.40% of total shares, with no changes during the reporting period[86]. - The company has 8,599 shareholders at the end of the reporting period, a slight increase from 8,597 prior to the report[86]. - The total number of shares outstanding is 62,458,000, with 20.40% being restricted shares and 79.60% being unrestricted shares[83]. - The company has not proposed any cash dividends or stock bonuses for the years 2011, 2012, and 2013 due to previous losses[66]. Compliance and Risk Management - The company has not identified any risks in its operations or management practices during the reporting period[115]. - The company has established a mechanism for long-term development in harmony with the environment, focusing on energy conservation and environmental protection[68]. - The company has no significant litigation or arbitration matters pending as of the report date[71]. - The company has no major contracts or guarantees during the reporting period[73]. - The company has no major asset acquisition or disposal matters during the reporting period[71].