BLACK PEONY(SH:600510)2014-04-21 16:00Financial Performance - In 2013, the company achieved a net profit of ¥82,063,767.02, with a statutory surplus reserve of ¥8,206,376.70 deducted, resulting in a distributable profit of ¥599,227,308.92 for investors[7]. - The profit distribution plan for 2013 proposes a cash dividend of ¥1.48 per 10 shares, totaling ¥117,737,359.60, leaving an undistributed profit of ¥481,489,949.32 to be carried forward[7]. - The company achieved operating revenue of CNY 4,557,056,050.92 in 2013, representing a year-on-year growth of 23.94%[36]. - The net profit attributable to shareholders was CNY 392,345,165.46, an increase of 14.18% compared to the previous year[36]. - The basic earnings per share rose to CNY 0.49, reflecting a growth of 13.95% from CNY 0.43 in 2012[30]. - The total assets of the company reached CNY 14,485,303,115.70, marking a 26.70% increase from the previous year[36]. - The company reported a net cash flow from operating activities of -CNY 1,219,279,382.21, a decline of 58.88% compared to the previous year[36]. - The company reported a significant increase in prepayments, which rose to CNY 390 million from CNY 261 million, marking an increase of approximately 49.3%[189]. - The company reported a cash dividend payout ratio of 30.01% for 2013, reflecting a commitment to returning value to shareholders[115]. Asset Management - The company completed a major asset restructuring in February 2009, shifting its primary business focus to urban resource development, enhancing its urbanization industry chain[23]. - The company has a significant amount of undistributed profits, indicating potential for future dividends or reinvestment[7]. - The total assets of the company increased to ¥8,368,806,814.49 from ¥6,630,597,371.59, representing a growth of approximately 26%[196]. - Total liabilities increased to CNY 9.69 billion, up from CNY 6.96 billion, which is an increase of about 39.3%[190]. - The company's equity attributable to shareholders increased to CNY 4.53 billion, up from CNY 4.24 billion, indicating a growth of about 6.8%[190]. Business Segments - The company has established three main business segments: urban construction, textile and apparel, and industrial investment, enhancing its market recognition in these areas[84]. - The textile business achieved a total import and export volume of USD 254 million, a significant increase of 95% year-on-year[42]. - The textile and apparel segment saw a significant revenue increase of 66.12%, driven by expanded operations in cotton and cotton yarn trading and processing[49]. - The construction segment's revenue decreased by 23.23% due to a reduction in the delivery area of resettlement housing[50]. - The real estate sector achieved a revenue of ¥872,352,081.92, with a gross margin of 26.70%, which is an increase of 2.33 percentage points from the previous year[69]. Innovation and Development - The company applied for 1 new invention patent and 1 new utility model patent during the reporting period, with a total of 6 invention patents and 12 utility model patents authorized[44]. - The company aims to enhance its core competitive advantages through transformation and innovation, focusing on new industrialization and information technology[67]. - The textile sector aims to accelerate transformation and upgrade by increasing R&D resource integration and developing new products[103]. - Black Peony will leverage the opportunities presented by the Black Peony Technology Park to drive innovation and investment strategies[105]. Governance and Compliance - The company has maintained a stable governance structure, with all board members present at the board meeting[5]. - The company emphasizes compliance and information disclosure to protect minority shareholders' interests, enhancing its reputation among various investors[85]. - The company has a clear governance structure in compliance with relevant laws and regulations, ensuring proper operation of its authority, decision-making, supervision, and management[168]. - The independent directors did not raise any objections to the board's proposals during the reporting period[172]. Market Position and Strategy - The company is strategically positioned in the Suzhou-Nanjing modern construction demonstration area, aligning with national strategies for new urbanization and modernization[82]. - The company is actively expanding its market presence through new project developments and strategic partnerships[67]. - The company plans to continue enhancing its urbanization industry chain, focusing on upgrading traditional industries and fostering new industries[65]. - The company aims to capitalize on China's urbanization and industrialization trends to enhance its core competitiveness and profitability[97]. Financial Health - The company has not reported any non-operational fund occupation by controlling shareholders or related parties[9]. - The company has not engaged in any violations regarding decision-making procedures for external guarantees[9]. - The company has a diversified talent system focusing on capital operations, urban construction, textiles, and industrial investment[84]. - The company has no reported commission financial management or derivative investment activities during the reporting period[89]. Shareholder Information - The company has a total of 795,522,700 shares, with 67.94% held by state-owned entities and 32.06% as circulating shares[136]. - The largest shareholder, Changgao New Group Co., Ltd., holds 55.81% of shares, totaling 444,045,734 shares, with 110,500,000 shares pledged[144]. - The total number of shareholders as of the end of the reporting period is 33,335, a decrease from 34,230 five trading days prior[142]. - The company has not issued any securities or undergone any changes in share structure due to stock distribution or allotment in the past three years[139][140].