DZUG(SH:600635)2014-03-28 16:00Financial Performance - In 2013, the company achieved a consolidated net profit attributable to the parent company of CNY 279.02 million, a decrease of 17.13% compared to CNY 336.72 million in 2012[7]. - The company's operating revenue for 2013 was CNY 3.87 billion, reflecting a year-on-year increase of 5.67% from CNY 3.67 billion in 2012[27]. - The net profit for 2013 was CNY 279 million, reflecting the company's focus on core business and risk control[35]. - The net profit after deducting non-recurring gains and losses was CNY 101.70 million, a decrease of 26.59% from CNY 138.53 million in 2012[27]. - The company's basic earnings per share for 2013 were CNY 0.17, down from CNY 0.20 in 2012, representing a decrease of 17.13%[28]. - The company's total operating revenue for the year was RMB 3,874,092,862.55, an increase of 5.7% from RMB 3,666,048,738.43 in the previous year[155]. - The total operating costs rose to RMB 4,085,314,159.31, up from RMB 3,852,340,496.75, reflecting an increase of 6.0%[155]. - Net profit for the year decreased to RMB 313,349,820.03, down 19.3% from RMB 388,579,747.57 in the previous year[155]. - The company reported a total comprehensive income for the year of RMB 227,524,196.43, slightly down from RMB 231,077,490.34 in the previous year[155]. Cash Flow - The net cash flow from operating activities increased by 40% to CNY 532.38 million in 2013, up from CNY 380.28 million in 2012[27]. - The net cash flow from operating activities increased by 40.00% year-on-year, reaching ¥532,379,800.57, primarily due to outstanding gas payment settlements with Shanghai Gas Group[46]. - The net cash flow from investing activities decreased significantly, amounting to -¥137,648,601.96, as cash recovered from the sale of available-for-sale financial assets decreased[46]. - The net cash flow from financing activities was -¥669,303,212.38, reflecting a repayment of bank loans[46]. - The company reported an increase in retained earnings to ¥872,414,006.10 from ¥861,787,874.12, reflecting a growth of about 1.5%[144]. - The company reported a cash balance of RMB 109,611,720.08, down from RMB 390,466,586.88, indicating a significant decrease of about 71.9%[141]. - Cash flow from financing activities resulted in a net outflow of RMB -7,090,811.65, down from an inflow of RMB 155,436,172.00 in the previous year[158]. Assets and Liabilities - The total assets of the company at the end of 2013 were CNY 10.76 billion, a slight increase of 0.71% from CNY 10.68 billion at the end of 2012[27]. - The company's total assets as of December 31, 2013, amounted to RMB 5,823,498,410.35, an increase from RMB 5,644,592,296.95 at the beginning of the year, reflecting a growth of approximately 3.17%[141]. - Total liabilities increased to ¥2,223,764,944.83 from ¥1,991,251,266.68, representing an increase of approximately 11.7% year-over-year[144]. - Total equity decreased to ¥3,599,733,465.52 from ¥3,653,341,030.27, reflecting a decline of about 1.5%[144]. - The company's total assets decreased by 22.18% in cash and cash equivalents, amounting to ¥964,068,747.23[52]. Investments - The company invested in financial and quasi-financial industries, expanding its investment portfolio with the establishment of new small loan companies[36]. - The company has invested a total of RMB 13.8 million in establishing small loan companies, with the Shanghai Jiading Dazhong Small Loan Company generating a profit of RMB 457.11 thousand[59]. - The company signed a loan agreement to provide RMB 60.34 million to Shenzhen Innovation Investment Group for a three-year term at an annual interest rate of 8%[57]. - The company invested a total of ¥138 million in equity investments during the reporting period, a 12.76% increase compared to the previous year[52]. Corporate Governance - The company is committed to enhancing its internal control systems and corporate governance to protect investor interests[38]. - The company has implemented a system for accountability regarding major errors in annual report disclosures, ensuring transparency and quality in financial reporting[129]. - The company established effective internal control systems to ensure compliance, asset security, and accurate financial reporting, enhancing operational efficiency[128]. - The audit committee reviewed the 2013 financial statements and confirmed they accurately reflect the company's financial status and operating results[122]. - The company plans to enhance its performance evaluation and compensation systems to better motivate senior management[125]. Shareholder Information - The company plans to distribute a cash dividend of CNY 0.70 per 10 shares, totaling CNY 115.14 million, subject to approval at the annual shareholders' meeting[7]. - In 2013, the company distributed cash dividends amounting to 11,514.09 RMB per 10 shares, with a payout ratio of 41.27% of the net profit attributable to shareholders[72]. - The total number of shares remained unchanged at 1,644,869,783, with 100% being tradable shares[92]. - The top shareholder, Shanghai Volkswagen Enterprise Management Co., Ltd., holds 19.99% of the shares, totaling 328,762,573 shares[97]. Social Responsibility - The company actively engages in social responsibility initiatives, including educational support and disaster relief efforts[38]. - The company has committed to fulfilling its social responsibilities by adhering to laws and regulations, promoting employment, and supporting local economic development[73].