AJ GROUP(SH:600643)2015-04-23 16:00Financial Performance - The company achieved total revenue of 1.109 billion RMB in 2014, representing a year-on-year increase of 37.01%[32]. - Net profit attributable to shareholders reached 512.46 million RMB, a growth of 7.66% compared to the previous year[32]. - Operating profit was 368.23 million RMB, accounting for 71.86% of net profit, with a year-on-year increase of 45.54%[32]. - Basic earnings per share were 0.464 RMB, reflecting a 7.66% increase from 0.431 RMB in 2013[26]. - The company reported a total asset value of 8.15 billion RMB, up 36.34% from 5.98 billion RMB in 2013[25]. - The weighted average return on equity was 10.38%, a decrease of 0.26 percentage points from the previous year[26]. - Non-recurring gains totaled 144.23 million RMB, down from 222.98 million RMB in 2013[28]. - The company's operating revenue reached ¥351,914,102.03, a 97.44% increase compared to ¥178,238,165.07 in the same period last year[37]. - Operating costs amounted to ¥171,835,190.49, reflecting a 71.14% increase from ¥100,407,378.43 year-over-year[37]. Investment and Financing Activities - The company plans to enhance its research and development efforts in sectors such as internet finance, healthcare, and real estate[34]. - The company is expanding its financing channels, including issuing corporate bonds and negotiating bank credit[34]. - The company reported a significant increase in financial expenses, which rose by 973.88% to ¥38,271,503.33, primarily due to increased bank borrowings[41]. - The company has engaged in various trust investments, with a total of CNY 1,354,000 planned for a trust agreement, yielding an expected return of CNY 738.58[64]. - The company reported a total investment income of CNY 19,356,731.87 from its financial investments during the reporting period[61]. Shareholder Information - The proposed profit distribution plan for 2014 suggests a capital reserve conversion of 3 shares for every 10 shares held, based on a total share capital of 1,105,492,188 shares, with no cash dividends or stock bonuses from retained earnings[2]. - The first major shareholder remains the Aijian Special Fund since the company's listing, with Shanghai International Group becoming the second major shareholder after a private placement in June 2012[20]. - The largest shareholder, Shanghai Industrial and Commercial Federation Patriotic Construction Special Fund, holds 135,954,229 shares, accounting for 12.30% of total shares[118]. - The second largest shareholder, Shanghai International Group Co., Ltd., holds 109,649,200 shares, representing 9.92% of total shares[122]. - The total number of shareholders increased to 82,346 by the end of the reporting period, compared to 64,280 before the annual report disclosure[115]. Corporate Governance and Compliance - The company has received a standard unqualified audit report from Lixin Certified Public Accountants, ensuring the accuracy and completeness of the financial report[4]. - The company has not faced any penalties or administrative actions from the China Securities Regulatory Commission during the reporting period[99]. - The company has emphasized the importance of risk awareness regarding forward-looking statements and future plans, advising investors to consider investment risks[3]. - The company has strengthened its internal control systems and management processes to address risks arising from its expanding business operations[81]. - The company has established a comprehensive internal control system to ensure compliance and operational efficiency, with a focus on safeguarding assets and ensuring the accuracy of financial reporting[163]. Operational Changes and Strategy - The company has undergone changes in its main business operations over the years, with a shift from real estate development to investment management since June 2011[19]. - The company aims to provide comprehensive financial services, including trust, securities, leasing, investment management, and real estate management, to enhance its value creation capabilities[52]. - The company has made strategic investments in two financial subsidiaries, enhancing its core asset portfolio[52]. - The company aims to enhance its position as a comprehensive service provider in wealth and asset management[78]. - In 2015, the company plans to strengthen its core businesses and explore new financial development areas[79]. Employee and Management Information - The company employed a total of 455 staff, with 63 in the parent company and 392 in major subsidiaries[139]. - The total remuneration for the company's directors, supervisors, and senior management during the reporting period amounted to 8.9747 million yuan before tax[130]. - The company has a diverse board with members having extensive experience in finance and management, including previous roles in regulatory bodies and financial institutions[131]. - The company has established a performance incentive mechanism to improve overall efficiency through various policies and regulations[141]. - The company organized 10 external professional training projects, with a total of 53 participants, and conducted 2 internal training projects attended by 119 and 103 employees respectively[142].