Rebecca(SH:600439)2015-03-20 16:00Financial Performance - The company's operating revenue for 2014 was CNY 1,932,259,979.56, a decrease of 9.25% compared to CNY 2,129,142,076.55 in 2013[24]. - The net profit attributable to shareholders for 2014 was CNY 156,325,561.22, down 9.41% from CNY 172,572,916.30 in the previous year[24]. - The basic earnings per share for 2014 was CNY 0.17, a decrease of 5.56% compared to CNY 0.18 in 2013[25]. - The net cash flow from operating activities for 2014 was negative CNY 45,353,300.62, compared to a positive CNY 45,103,986.93 in 2013[24]. - The company achieved a main business revenue of ¥1,932,259,979.56, a year-on-year decrease of 9.25%[31]. - The net profit attributable to shareholders was ¥156,325,561.22, down 9.41% year-on-year[31]. - The company achieved 85.11% of its annual revenue target of CNY 2.27 billion, with actual revenue of CNY 1.93 billion[48]. - The company reported a net profit of 156,325,561.22 CNY for 2014, with a cash dividend payout ratio of 24.14%[78]. - The company reported a total profit of ¥180,078,216.23, down from ¥195,063,484.36, a decrease of approximately 7.7% year-over-year[154]. - The company’s total comprehensive income was ¥86,438,768.32, down from ¥149,716,285.19, reflecting a decline of about 42.3%[155]. Assets and Liabilities - The total assets at the end of 2014 were CNY 4,277,733,073.75, an increase of 2.59% from CNY 4,169,552,823.47 at the end of 2013[24]. - The net assets attributable to shareholders at the end of 2014 were CNY 2,261,879,829.74, a slight increase of 0.51% from CNY 2,250,326,770.01 in 2013[24]. - The company's total assets at the end of the current period were approximately 2.5 billion, a decrease of 47.30% compared to the previous period[54]. - The total liabilities increased to ¥2,011,278,518.24 from ¥1,914,071,340.28, reflecting a growth of approximately 5.1%[149]. - Current liabilities rose to ¥1,660,197,507.51, up from ¥1,204,520,557.81, indicating a significant increase of about 38%[148]. - Non-current liabilities decreased to ¥351,081,010.73 from ¥709,550,782.47, a reduction of approximately 50.5%[148]. Market Performance - Sales revenue in the US market was ¥689,361,412.92, a decline of 28.24% compared to the previous year[32]. - European market sales revenue reached ¥212,493,862.19, down 7.55% year-on-year[32]. - The African market saw sales revenue of ¥719,566,029.37, an increase of 18.51% year-on-year[33]. - Domestic market sales revenue was ¥212,209,348.50, growing by 10.25% year-on-year[34]. - Revenue from the Americas decreased by 28.24%, while revenue from Africa increased by 18.51%[52]. Research and Development - The company developed 1,058 new products, generating an output value of approximately ¥600 million, accounting for about 32% of the total industrial output value[39]. - Research and development expenses amount to CNY 46,827,922.60, representing 2.42% of total revenue[45]. - The company has filed 30 patent applications during the reporting period, including 2 invention patents and 9 utility model patents[57]. - The company is focusing on enhancing its research and development capabilities to drive innovation[67]. Corporate Governance - The company has established a governance structure that complies with relevant laws and regulations, ensuring effective decision-making and protecting investor interests[122]. - Two shareholder meetings were held during the year, with all procedures adhering to legal requirements, ensuring equal rights for all shareholders[122]. - The board of directors operates independently, with no interference from the controlling shareholder, maintaining a clear separation of powers[123]. - The company has a robust information disclosure system, ensuring timely and accurate communication of relevant information to stakeholders[124]. - No insider trading incidents were reported during the year, with compliance to insider information management regulations[125]. Dividend and Profit Distribution - The company plans to distribute a cash dividend of CNY 0.40 per 10 shares, totaling CNY 37,732,848.00[2]. - The profit distribution included a transfer to surplus reserves of 12,566,813.06 RMB and a distribution to owners of -75,465,696.00 RMB[170]. - The ending balance of undistributed profits was 579,321,095.07 RMB, indicating a decrease from the previous period[172]. Employee and Management - The total number of employees in the parent company and major subsidiaries is 9,643, with 6,005 in the parent company and 3,638 in subsidiaries[114]. - The total remuneration paid to directors, supervisors, and senior management during the reporting period is 1,285,000 RMB[112]. - Employee training programs are comprehensive, covering various levels and modes, including internal and external training, with assessments linked to annual performance evaluations[116]. Future Outlook - The company plans to achieve a revenue target of 2 billion RMB in 2015, with a control on expenses at 426 million RMB[67]. - The company aims to enhance its market presence by expanding both domestic and international marketing systems[66]. - The company plans to continue focusing on capital increase and reserve transfers to strengthen its financial position[171]. - The company aims to enhance core competitiveness and achieve sustainable growth through innovation-driven strategies[102].