OPG(SH:600637)2014-04-14 16:00Financial Performance - In 2013, the company's operating revenue reached RMB 2,637,350,919.15, representing a year-on-year increase of 30.06% compared to RMB 2,027,748,375.10 in 2012[22]. - The net profit attributable to shareholders was RMB 677,350,579.73, up 31.15% from RMB 516,468,238.65 in the previous year[22]. - The basic earnings per share increased by 31.16% to RMB 0.6082 from RMB 0.4637 in 2012[22]. - The company's total revenue for the period reached ¥2,637,350,919.15, representing a year-on-year increase of 30.06% compared to ¥2,027,748,375.10[30]. - The company reported a significant increase in short-term financing, leading to a 1,859.51% rise in net cash flow from financing activities[38]. - The net profit of Baishitong Technology increased by 42.45% year-on-year, reaching CNY 737.53 million in 2013, compared to CNY 517.76 million in the previous year[70]. - The total assets of Baishitong Technology amounted to CNY 2.70 billion, with net assets of CNY 1.65 billion[70]. - The company reported a significant increase in inventory, which rose to RMB 143,289,084.41 in 2013 from RMB 128,187,141.89 in 2012, marking an increase of about 11.8%[162]. - The company’s retained earnings grew to RMB 1,507,434,314.40 in 2013, compared to RMB 883,962,961.14 in 2012, indicating an increase of approximately 70.5%[162]. - The company’s total comprehensive income for 2013 was RMB 647,444,313.80, compared to RMB 497,013,739.01 in 2012, reflecting a 30% growth[171]. Business Operations - The company has maintained its main business operations since its major asset restructuring in December 2011, with no changes in the controlling shareholder[19]. - The company provided IPTV services to over 20 million users, maintaining a leading position globally[26]. - By the end of 2013, the company had deployed over 1 million OTT set-top boxes and served over 30 million smart TV users[27]. - The mobile internet segment saw a revenue growth of over 63%, with 16 million paying mobile TV users by year-end[27]. - The company increased its stake in Windy Network from 35% to 54%, enhancing its "platform-network integration" strategy[27]. - A joint venture with Microsoft was established to enter the home gaming entertainment industry, leveraging both companies' strengths[28]. - The company reported that over 60% of its revenue from broadcasting production came from market-oriented operations[28]. - The company integrated over 400 million hours of quality content, including 40,000 movie copyrights and 200,000 TV series copyrights, leading to a significant increase in user engagement[47]. - The company holds the largest sports event copyright in the Asia-Pacific region, broadcasting over 2,000 matches annually, including Premier League and NBA games[48]. Corporate Governance - The board of directors and senior management have confirmed the accuracy and completeness of the annual report, assuming legal responsibility for any misstatements or omissions[5]. - The company has established a comprehensive internal control system to ensure the accuracy of financial reporting[9]. - The company has not experienced any penalties or public reprimands from the China Securities Regulatory Commission or stock exchanges during the reporting period[97]. - The company has established a decision-making process for related transactions to ensure compliance with relevant regulations[93]. - The company has appointed Lixin Certified Public Accountants (Special General Partnership) as its auditor, with an audit fee of RMB 110,000 for the current year[97]. - The company has established a management system for insider information, ensuring proper registration and management of insiders[135]. - The company emphasizes transparency and timely information disclosure, designating the Shanghai Securities Journal and the Shanghai Stock Exchange website as its official disclosure media[134]. - The company strictly adheres to the Company Law and the Articles of Association, ensuring compliance in governance and decision-making processes[133]. Shareholder Information - The total number of shares is 1,113,736,075, with 278,220,407 shares subject to trading restrictions, accounting for 24.98% of total shares[99]. - The company has a total of 207,388,874 restricted shares that will become tradable on December 15, 2014[107]. - The total number of shareholders as of the end of the reporting period is 48,272, with the top ten shareholders holding 41.92% of the shares[105]. - Shanghai Oriental Media Group Co., Ltd. holds 466,885,075 shares, accounting for 41.92% of the total shares, with no changes during the reporting period[105]. - The company distributed CNY 55,686,803.75 to shareholders during the year, reflecting its commitment to returning value to investors[186]. Strategic Initiatives - The company plans to increase its IPTV subscriber base and enhance ARPU through advertising and PPV services in 2014[73]. - Baishitong aims to leverage its partnership with Microsoft to expand its overseas sales of Chinese content and pursue international market growth through acquisitions[71]. - The company has set a target to double the number of activated smart TV users and significantly grow its mobile TV user base in 2014[73]. - Baishitong is preparing over CNY 1 billion in funding to enhance its competitive edge in the OTT market and maintain its leading position[74]. - The company will focus on investment in various sectors, including film production, smart terminals, and internet education, through a newly established investment platform[73]. Employee and Management - The total number of employees in the parent company is 165, while the total number of employees in major subsidiaries is 2,113, resulting in a combined total of 2,278 employees[125]. - The total remuneration for all directors, supervisors, and senior management personnel at the end of the reporting period amounted to 9.338676 million yuan[123]. - The company has implemented a new training system that includes 104 courses, 798 hours of training, and an average of 4 days of training per employee annually, achieving a 92% attendance rate and 82% satisfaction rate among trainees[129]. - The company has a total of 1,183 technical personnel, which constitutes a significant portion of its workforce[125]. - The company has a diverse executive team with backgrounds in media and technology, enhancing its strategic capabilities[115]. Future Outlook - The company is actively pursuing market expansion through strategic partnerships and investments in new media and technology sectors[142]. - The overall financial health of the company appears to be improving, as indicated by the increase in net profit and retained earnings, suggesting a positive outlook for future performance[186]. - The company is positioned to leverage its existing resources for future growth in the digital media sector[117].