SPM(SH:600459)2014-04-02 16:00Financial Performance - The company achieved operating revenue of CNY 5.43 billion in 2013, representing a year-on-year growth of 28.41%[27]. - Net profit attributable to shareholders reached CNY 79.88 million, a significant increase of 166.56% compared to the previous year[27]. - The basic earnings per share (EPS) was CNY 0.42, up 121.05% from CNY 0.19 in 2012[22]. - The company reported a profit before tax of CNY 95.03 million, an increase of 75.23% year-on-year[27]. - The company's total operating income reached CNY 5,404,376,952.58, representing a year-on-year increase of 28.59%[51]. - The company reported a significant increase in export revenue, which surged by 956.36% to CNY 9,712,060.78[51]. - The company reported a net profit margin improvement, although specific figures were not provided in the extracted content[169]. - Total revenue for the year reached CNY 5,426,581,436.78, an increase of 28.4% compared to CNY 4,225,924,814.52 in the previous year[186]. - Net profit for the year was CNY 86,238,149.52, up from CNY 36,494,691.09, representing a growth of 136.5%[186]. Cash Flow and Investments - The company reported a net cash flow from operating activities of -CNY 35.26 million, a decline of 275.79% year-on-year[29]. - Net cash flow from investing activities decreased by 46.41% year-on-year, mainly due to increased investment in precious metal recycling projects[37]. - The company raised ¥717,185,431.20 through a rights issue, with a net amount of ¥684,580,110.59, improving its capital structure[39]. - The cash inflow from investment activities totaled CNY 53,070,799.79, significantly higher than CNY 6,657,069.25 in the previous year[191]. - The net cash flow from investment activities was CNY -103,806,929.90, worsening from CNY -70,901,872.74 in the previous year[191]. - The cash inflow from financing activities was CNY 1,323,631,031.20, compared to CNY 1,231,900,000.00 in the previous year, reflecting a 7.4% increase[191]. Shareholder Returns and Dividends - The company plans to distribute a cash dividend of 1.2 RMB per 10 shares (including tax) and to increase capital by 3 shares for every 10 shares held, based on a total share capital of 200,752,109 shares at the end of 2013[7]. - The company approved a cash dividend of 0.45 RMB per 10 shares for the year 2012, based on a total share capital of 200,752,109 shares[82]. - The cash dividend payout ratio for 2012 was approximately 30.15% of the net profit attributable to shareholders[83]. - The company has established a shareholder return plan for the next three years (2012-2014) in accordance with regulatory requirements[82]. Research and Development - Research and development expenses amounted to CNY 109.17 million, reflecting a growth of 5.48% from the previous year[29]. - The company completed 34 research projects and received 9 patent authorizations during the year[43]. - The company is focusing on enhancing its R&D capabilities and has established a national key laboratory for precious metal comprehensive utilization[42]. - The company has 56 valid patents, including 53 invention patents, demonstrating its strong innovation capabilities[56]. - The company has participated in the formulation and revision of 64 national standards and 88 non-ferrous metal industry standards, showcasing its leadership in research and development[56]. Corporate Governance and Compliance - The company has received a standard unqualified audit report from Xinyong Zhonghe Accounting Firm[5]. - The company’s financial report is guaranteed to be true, accurate, and complete by its responsible persons[5]. - The company has established a responsibility system for major errors in annual report disclosures, with no significant errors reported during the period[166]. - The company strictly adheres to information disclosure regulations, ensuring timely and accurate reporting of financial and operational information to all stakeholders[148]. - The independent directors did not raise any objections to the board's proposals during the reporting period[157]. Market and Strategic Initiatives - The company aims to strengthen its core business segments and enhance overall operational efficiency through strategic management improvements[44]. - The company is focused on developing a comprehensive recycling base for precious metals and enhancing its research and development capabilities[71]. - The company is committed to sustainable development and enhancing operational efficiency through a combination of industrial operations and capital management[71]. - The company is exploring new strategies for market expansion and technological advancement to stay competitive in the industry[86]. - The company is actively engaging in related party transactions to optimize its operational framework and enhance business synergies[86]. Risk Management - The company has detailed the risks it may face in its future development in the board report[11]. - The company faces risks related to fluctuations in precious metal prices, which can impact liquidity and inventory valuation[77]. - The company is exposed to market risks due to its reliance on various industries, which may be affected by macroeconomic fluctuations[78]. - The company engages in hedging activities to mitigate risks associated with precious metal price volatility, although these activities may not always be effective[79]. Employee and Management - The total number of employees in the parent company and major subsidiaries is 666, with 365 in the parent company and 301 in subsidiaries[138]. - The company organized 195 training sessions during the reporting period, with 1,375 participants and an investment of over 490,000 yuan in training expenses[139]. - The total remuneration for all directors, supervisors, and senior management at the end of the reporting period amounted to 2.539 million yuan (pre-tax)[137]. - The company has a diversified compensation distribution system based on job capability and performance evaluation, including annual salary, contractual salary, and performance-based pay[138]. Assets and Liabilities - Total assets increased by 23.59% to CNY 2.39 billion at the end of 2013 compared to the previous year[22]. - The company's total liabilities decreased from CNY 961,273,396.19 at the beginning of the year to CNY 630,278,756.44 by year-end, a reduction of about 34.4%[176]. - The total equity of the company increased from CNY 976,077,039.26 at the beginning of the year to CNY 1,764,175,137.35, reflecting a growth of approximately 80.5%[176]. - Cash and cash equivalents increased by 37.39% to CNY 470,446,577.26, primarily due to unutilized raised funds[53].