JIAODA ONLLY(SH:600530)2015-04-17 16:00Financial Performance - The company's net profit for 2014 was CNY 82,775,406.10, with a distributable profit of CNY 74,497,865.49 after reserving CNY 8,277,540.61 for surplus[3]. - The total revenue for 2014 was CNY 337,639,192.79, representing a decrease of 5.43% compared to CNY 357,032,581.42 in 2013[25]. - The net profit attributable to shareholders increased by 2.28% to CNY 84,871,375.56 from CNY 82,977,234.38 in the previous year[25]. - The basic earnings per share for 2014 was CNY 0.272, up from CNY 0.266 in 2013, reflecting a 2.28% increase[26]. - The total amount of non-recurring gains and losses for the year was CNY 55,245,552.49, down from CNY 64,064,361.23 in the previous year[30]. - The total profit for 2014 was CNY 90,507,041.36, an increase from CNY 50,363,861.07 in the previous year, representing an increase of 79.7%[163]. - The net profit for 2014 reached CNY 82,775,406.10, compared to CNY 46,799,081.01 in 2013, marking a growth of 76.7%[163]. - The total comprehensive income for 2014 was CNY 805,394,209.35, a significant recovery from a loss of CNY 135,488,035.03 in the previous year[163]. Assets and Liabilities - The company's total assets at the end of 2014 were CNY 2,770,026,972.89, a 54.49% increase from CNY 1,792,999,483.19 in 2013[25]. - The company's total liabilities increased by 10% to CNY 800,000,000, indicating a rise in leverage[59]. - The company's total assets increased to CNY 2,621,635,624.83 from CNY 1,750,969,604.58, representing a growth of 49.6%[158]. - The total liabilities rose to CNY 462,989,535.53 from CNY 350,917,724.63, an increase of 32%[158]. - The total owner's equity reached CNY 2,217,499,168.69, up from CNY 1,459,364,176.72, indicating an increase of approximately 51.9%[154]. Cash Flow - The cash flow from operating activities improved significantly, with a net cash outflow of CNY 28,676,859.71 compared to a net outflow of CNY 244,357,622.90 in 2013, an improvement of 88.26%[25]. - Cash flow from operating activities showed a net outflow of CNY 28,676,859.71, an improvement from a net outflow of CNY 244,357,622.90 in the previous year[166]. - The ending cash and cash equivalents balance for 2014 was CNY 109,908,081.61, an increase from CNY 72,023,257.00 at the beginning of the year[167]. - The company received CNY 284,000,000.00 from borrowings in 2014, compared to CNY 159,000,000.00 in 2013, indicating a 78.6% increase in financing activities[166]. Dividends and Shareholder Returns - The company plans to distribute a cash dividend of CNY 1.5 per 10 shares, totaling CNY 46,800,000[3]. - The company has maintained a consistent cash dividend distribution policy over the past three years, with a payout ratio of 55.14% in 2014, 56.40% in 2013, and 56.28% in 2012[84]. - The cash dividend distribution plan was approved at the annual general meeting on May 29, 2014, with the record date set for June 20, 2014, and the payment date on June 23, 2014[83]. Research and Development - The company’s research and development expenses increased by 3.53% to CNY 11,421,757.28 compared to CNY 11,031,797.60 in the previous year[35]. - Research and development expenses totaled CNY 11,421,757.28, accounting for 3.38% of operating revenue[50]. Market and Product Development - The company launched the Angli No. 1 probiotic granules, which received positive market feedback, contributing to the expansion of its product line[33]. - The health food sector is projected to reach a market value of 1 trillion RMB by 2015, with an annual growth rate of 20%[76]. - The company plans to enhance its financial equity investment sector and create new economic growth points for sustainable development[78]. - The company aims to optimize its health food resources and strengthen its innovation and marketing systems in 2015[79]. Corporate Governance and Compliance - The company has not reported any major litigation, arbitration, or bankruptcy restructuring matters during the reporting period[88]. - The company has implemented a strict internal control system to ensure compliance and enhance operational efficiency, as per the internal control self-evaluation report[142]. - The company has not encountered any issues of competition due to restructuring, industry characteristics, or acquisitions during the reporting period[138]. - The company has established a management system for insider information, ensuring no insider trading incidents occurred during the reporting period[130]. Employee and Management Structure - The total number of employees in the parent company is 337, while the main subsidiaries have 381 employees, resulting in a total of 718 employees[124]. - The total remuneration for all directors, supervisors, and senior management in the reporting period amounted to 3.71 million yuan (before tax)[122]. - The company’s board of directors includes individuals with extensive experience in various sectors, enhancing governance and strategic oversight[121]. - The company conducted training for 514 participants, totaling 2,037 hours, with 387 internal training sessions accounting for 1,514 hours[126]. Shareholder Information - The total number of shareholders at the end of the reporting period was 19,001, an increase from 17,212 prior to the report[104]. - The largest shareholder, Shanghai Xinnan Yang Co., Ltd., holds 55,679,812 shares, representing 17.85% of total shares[106]. - The second-largest shareholder, Dazhong Transportation (Group) Co., Ltd., holds 52,655,849 shares, accounting for 16.88%[106].