DZT(SH:600611)2014-08-29 16:00Financial Performance - The company achieved total operating revenue of CNY 1,403,955,195.80, a slight increase of 0.12% compared to the same period last year[17]. - Net profit attributable to shareholders reached CNY 208,283,675.31, reflecting a growth of 5.82% year-on-year[17]. - Basic earnings per share were CNY 0.13, consistent with the previous year[17]. - The weighted average return on equity was 3.72%, an increase of 0.11 percentage points from the prior year[17]. - Total assets amounted to CNY 10,328,683,538.43, up 1.52% from the end of the previous year[17]. - The net asset attributable to shareholders was CNY 5,603,737,538.57, representing a 1.45% increase compared to the previous year[17]. - The company reported a significant decline in net cash flow from operating activities, totaling CNY 63,281,282.10, down 78.24% year-on-year[17]. - The increase in revenue was primarily driven by an increase in interest income from the small loan company, which rose by CNY 34,696,700[21]. - The total operating revenue decreased slightly by 0.64% to ¥1,374,936,867.21, with a notable decline in the real estate sector by 44.55%[27]. - The gross profit margin across all business sectors decreased by 2.63 percentage points, with the industrial sector experiencing the largest drop of 10.13 percentage points[27]. - Investment during the reporting period amounted to ¥20,519,883.00, reflecting a significant decrease of 85.42% compared to the previous year's investment of ¥140,744,828.95[27]. - Revenue from the Shanghai region increased by 1.38%, while other regions such as Beijing and Zhejiang saw declines of 57.10% and 21.08%, respectively[27]. Investments and Assets - The company holds a 50% equity stake in Zhongxin Investment Co., with an investment amount of ¥3,968,750.00, and a 76.93% stake in Shanghai Dazhong International Logistics Co., with an investment of ¥16,000,000.00[29]. - The company reported a total of ¥10,000,000.00 in securities investments, with a market value of ¥29,390,187.70 at the end of the reporting period[30]. - The company’s investment in Guangda Securities has a book value of ¥187,047,455.16, reflecting a loss of ¥13,251,157.89 during the reporting period[32]. - The company’s investment in Jiaoda has a book value of ¥414,928,090.12, with a reported loss of ¥394,918.87 during the reporting period[32]. - The total value of investments in non-financial companies reached CNY 218.46 million[34]. - The company has committed to various financial products with a total amount of CNY 45 million, expecting a return of CNY 12.95 million[35]. - The company reported a significant increase in the value of its investment in Dazhong Insurance, which is now valued at CNY 50.89 million[34]. - The company is actively managing its financial assets, with a focus on maximizing returns through strategic investments[34]. - The report indicates a focus on expanding investment in financial products to enhance overall financial performance[35]. - The company is exploring new strategies for market expansion and potential mergers and acquisitions in the financial sector[34]. Shareholder Information - The company distributed a cash dividend of 0.80 RMB per 10 shares to all shareholders, based on a total share capital of 1,576,081,900 shares[40]. - The total number of shareholders at the end of the reporting period is 160,497[53]. - The largest shareholder, Shanghai Public Utilities (Group) Co., Ltd., holds 20.76% of the shares, totaling 327,179,412 shares[53]. - The second largest shareholder, Vanguard Total International Stock Index Fund, holds 0.19% with 2,981,500 shares[54]. - There were no changes in the company's share capital structure during the reporting period[54]. - The company has not experienced any penalties or administrative actions from the China Securities Regulatory Commission during the reporting period[49]. - There were no changes in the controlling shareholder or actual controller during the reporting period[54]. Financial Liabilities and Cash Flow - The company's debt-to-asset ratio stood at 40.12%[21]. - The total liabilities reached CNY 4,143,785,955.93, up from CNY 4,022,196,741.41 at the start of the year, indicating a growth of approximately 3.0%[63]. - Cash and cash equivalents increased to CNY 1,249,013,243.05 from CNY 1,208,327,726.43, marking a growth of approximately 3.4%[61]. - The company's total liabilities to equity ratio stood at approximately 0.74, indicating a stable leverage position[63]. - Cash inflow from financing activities was CNY 2,923,800,000.00, an increase of 17.7% from CNY 2,484,786,997.50 in the previous period[79]. - Net cash flow from financing activities was CNY -9,379,486.65, a decline from CNY 131,380,939.82 in the previous period[79]. - Total cash and cash equivalents at the end of the period were CNY 1,002,287,993.05, down from CNY 1,279,298,254.91 in the previous period[79]. Accounting Policies and Compliance - The company adheres to the accounting standards set by the Ministry of Finance, ensuring that financial statements reflect the true financial condition, operating results, and cash flows for the reporting period[101]. - The accounting period for the company runs from January 1 to December 31 each year[102]. - The company uses RMB as its functional currency for accounting purposes[103]. - The company follows specific accounting treatments for mergers and acquisitions, valuing assets and liabilities at their book value or fair value depending on the type of merger[104][105]. - The company includes all subsidiaries in its consolidated financial statements, ensuring consistency in accounting policies and periods across all entities[108]. - The company recognizes goodwill in cases where the acquisition cost exceeds the fair value of identifiable net assets acquired[105]. - The company will account for any losses from subsidiaries that exceed the minority shareholders' equity in the consolidated financial statements[109]. - The company will adjust its financial statements to reflect the income, expenses, and cash flows of newly acquired subsidiaries from the acquisition date to the reporting date[110]. - The company will recognize deferred tax assets related to temporary differences only if they meet certain conditions post-acquisition[107]. Risk Management and Future Outlook - The company plans to innovate and optimize its structure to adapt to the ongoing economic transformation in China[21]. - Future outlook includes a commitment to improving financial performance and exploring new investment opportunities[34]. - The company has allocated CNY 11,171,547.53 for special reserves during the period, indicating a proactive approach to risk management[86].