2014-04-28 16:00Financial Performance - The company's operating revenue for 2013 was CNY 86.49 billion, an increase of 8.30% compared to CNY 79.86 billion in 2012[31]. - The net profit attributable to shareholders for 2013 reached CNY 4.17 billion, representing a growth of 27.49% from CNY 3.27 billion in 2012[31]. - The net profit after deducting non-recurring gains and losses was CNY 3.76 billion, up 18.32% from CNY 3.18 billion in the previous year[31]. - The total assets of the company at the end of 2013 were CNY 61.02 billion, a 22.80% increase from CNY 49.69 billion at the end of 2012[31]. - The net assets attributable to shareholders increased by 30.00% to CNY 14.47 billion from CNY 11.13 billion in 2012[31]. - The basic earnings per share for 2013 were CNY 1.532, a rise of 25.78% compared to CNY 1.218 in 2012[32]. - The diluted earnings per share for 2013 were CNY 1.530, reflecting a 25.93% increase from CNY 1.215 in the previous year[32]. - The cash flow from operating activities for 2013 was CNY 6.51 billion, an increase of 17.97% from CNY 5.52 billion in 2012[31]. - The gross profit margin reached 25.32%, an increase of 0.08 percentage points year-on-year; net profit margin attributable to shareholders was 4.82%, up 0.73 percentage points year-on-year[40]. - The company’s financial expenses decreased by 106.55% year-on-year, mainly due to increased interest income[72]. Market Position and Strategy - In the domestic market, the company held a 25.18% retail market share in refrigerators, 28.06% in washing machines, 12.64% in air conditioners, and 18.25% in water heaters, ranking first in the industry for refrigerators, washing machines, and water heaters[41]. - The company ranked first globally in large home appliance retail volume with a market share of 9.7% and a manufacturing market share of 11.6%[42]. - The online market for home appliance sales grew significantly, with a year-on-year increase of 79% in 2013[46]. - The company is transforming its core business towards smart appliances and smart home user interaction platforms, enhancing its competitive advantage[41]. - The company continues to focus on product innovation and market expansion, particularly in high-end segments of the appliance market[45]. - The company plans to achieve a revenue of RMB 95.6 billion in 2014, representing a year-on-year growth of 10.5%[103]. - The company aims to enhance its market share in the refrigerator segment by launching new products and expanding its e-commerce presence[104]. - The air conditioning business is expected to maintain rapid growth through product innovation and channel expansion[106]. - The company plans to support Qingdao Haier's development through asset injections and equity restructuring over five years starting from 2011[132]. Research and Development - The total R&D expenditure for the year was RMB 2.09 billion, accounting for 2.4% of total revenue and 10.5% of net assets[75]. - The company is investing 1.5 billion RMB in R&D for innovative technologies over the next three years[173]. - Research and development investment increased by 30%, totaling 3 billion RMB, aimed at enhancing product innovation and technology[142]. Shareholder and Equity Management - The company plans to distribute a cash dividend of CNY 4.60 per 10 shares, totaling CNY 1.25 billion[8]. - In 2013, the company distributed cash dividends of 4.60 RMB per 10 shares, totaling 1,251,584,532.40 RMB, which represents 30% of the net profit attributable to shareholders[113]. - The company has a total of 17,324,000 equity incentives granted but not yet exercised by the end of the reporting period[123]. - The total number of equity incentives granted and exercised by the end of the reporting period was 42,355,400 shares[124]. - The company raised a total of RMB 34.47 billion through a non-public offering of A-shares, with plans to issue up to 305 million shares to strategic investor KKR[130]. - The company’s stock capital increased from 2,685,127,540 shares to 2,720,835,940 shares due to the exercise of equity incentives[124]. Corporate Governance and Compliance - The company has improved its corporate governance structure, ensuring compliance with laws and regulations, and enhancing communication with investors[199]. - The company emphasizes the quality and transparency of annual report disclosures, holding responsible parties accountable[199]. - The independent directors fulfill their duties diligently, providing independent opinions on significant matters to protect the overall interests of the company[199]. - The company has established specific regulations to govern related party transactions and fund transfers, protecting investor interests[200]. - The controlling shareholder's behavior is regulated, ensuring no direct or indirect interference in the company's decision-making and operations[200]. Future Outlook - Future guidance suggests a revenue target of 220 billion RMB for the next fiscal year, reflecting a growth rate of 10%[142]. - The company is exploring potential acquisitions to strengthen its supply chain, with a budget of 10 billion RMB allocated for this purpose[142]. - The company is expected to continue its growth trajectory with a focus on enhancing operational efficiency and market competitiveness[145]. - The company plans to expand its market presence in Southeast Asia, targeting a revenue increase of 25% in that region over the next fiscal year[142]. - The company aims to improve operational efficiency, targeting a reduction in costs by 5% through process optimization[142].