JNGX(SH:600527)2014-04-21 16:00Financial Performance - In 2013, Jiangsu Jiangnan High Polymer Fiber Co., Ltd. achieved a revenue of RMB 1,633,745,378.44, representing a year-on-year increase of 7.31% compared to RMB 1,522,478,832.30 in 2012[22]. - The net profit attributable to shareholders for 2013 was RMB 238,993,544.64, which is a 10.04% increase from RMB 217,196,749.70 in 2012[22]. - The total profit for the period was CNY 266 million, an increase of 16.46% compared to the previous year[25]. - Net profit attributable to the parent company reached CNY 239 million, reflecting a year-on-year growth of 10.04%[25]. - Basic earnings per share for 2013 were RMB 0.30, an increase of 11.11% from RMB 0.27 in 2012[23]. - The company achieved operating revenue of CNY 1.63 billion in 2013, representing a year-on-year growth of 7.31%[25]. - The company’s polyester staple fiber revenue grew by 1.13%, while composite short fiber revenue increased by 3.54%[26]. - The company reported a comprehensive income total of ¥240,297,934.64, up from ¥218,559,702.67 in 2012, reflecting an increase of 9.9%[116]. Cash Flow and Assets - The net cash flow from operating activities decreased by 27.33% to RMB 173,724,159.12 in 2013, down from RMB 239,054,748.72 in 2012[22]. - Cash and cash equivalents at the end of the period were ¥407,581,095.43, representing 21.14% of total assets, up 7.76% from the previous period[39]. - The total assets of the company at the end of 2013 were RMB 1,927,995,045.00, reflecting a 10.70% increase from RMB 1,741,605,904.44 at the end of 2012[22]. - The total current assets reached CNY 906,343,545.82, up from CNY 888,817,784.56, indicating a growth of about 2.9%[109]. - The company's total liabilities amounted to CNY 99,814,188.69, compared to CNY 81,270,523.65 at the beginning of the year, reflecting an increase of approximately 22.9%[110]. Shareholder Information - The company maintained a total share capital of 802,089,390 shares, with no changes in the structure due to stock distributions or other reasons during the reporting period[60]. - The largest shareholder, Tao Guoping, holds 15.77% of shares, totaling 126,484,448 shares[66]. - The total number of shareholders at the end of the reporting period was 27,449, compared to 41,264 five trading days before the annual report disclosure[65]. - The total remuneration for all directors, supervisors, and senior management during the reporting period amounted to 1.7164 million yuan[78]. Research and Development - Research and development expenses amounted to CNY 43.48 million, up by 5.50% from the previous year[27]. - The company aims to enhance its core competitiveness through partnerships with research institutions and universities, focusing on the development of differentiated fiber products[49]. - The company plans to expand its differentiated polyester staple fiber production capacity by 6,000 tons, with a total investment of approximately RMB 30 million[50]. Market and Sales - The company’s export revenue exceeded USD 8 million, marking a significant year-on-year increase of 56.55%[26]. - The company plans to increase its marketing efforts and expand both domestic and international markets, particularly with well-known hygiene material manufacturers[49]. Compliance and Governance - The company has not faced any administrative penalties or public reprimands from the China Securities Regulatory Commission during the reporting year[59]. - The company emphasizes social responsibility, focusing on employee welfare, environmental protection, and compliance with national regulations[55]. - The internal control system was continuously improved, with a focus on compliance with relevant laws and regulations, ensuring effective governance[97]. Risk Management - The company faces risks related to industry policy changes, environmental regulations, and fluctuations in raw material prices, which could impact its operations[51][52]. Accounting and Financial Reporting - The financial statements are prepared based on the going concern principle and comply with the accounting standards set by the Ministry of Finance[139]. - The company confirms that its financial statements accurately reflect its financial position, operating results, and cash flows for the reporting period[140]. - The company recognizes impairment losses for financial assets if there is objective evidence of impairment, particularly for available-for-sale financial assets that decline significantly in value[163].