TC Medical(SH:600763)2014-04-09 16:00Financial Performance - The net profit of Tongce Medical for 2013 was CNY 13,369,155.58, with cumulative distributable profits at CNY -109,325,538.20, leading to a proposal of no profit distribution for the year[7]. - Basic earnings per share increased by 10.53% to CNY 0.63 in 2013 compared to CNY 0.57 in 2012[24]. - The weighted average return on net assets decreased by 2.98 percentage points to 21.40% in 2013 from 24.38% in 2012[24]. - The company reported a basic earnings per share of CNY 0.58 after deducting non-recurring gains and losses, reflecting a 7.41% increase from CNY 0.54 in 2012[24]. - The diluted earnings per share also rose by 10.53% to CNY 0.63 in 2013, consistent with basic earnings[24]. - The company's total revenue for 2013 was RMB 463,015,227.51, representing a year-on-year increase of 22.19%[30]. - The net profit attributable to shareholders was RMB 100,418,002.09, reflecting a growth of 10.30% compared to the previous year[30]. - The net cash flow from operating activities reached RMB 134,077,223.06, an increase of 19.22% from 2012[30]. - The total assets at the end of 2013 amounted to RMB 644,767,298.85, which is a 27.23% increase from the previous year[30]. - The company achieved a basic earnings per share of RMB 0.63, indicating solid financial performance[30]. - The company reported a total equity attributable to shareholders of RMB 519,424,796.56, which is a 23.97% increase from the previous year[30]. Growth and Expansion - The company plans significant capital investments for the acquisition and construction of new dental hospitals, particularly the new main hospital in Hangzhou[7]. - The company is in a high growth phase, necessitating substantial capital for future expansions[7]. - The company expanded its market presence by opening new branches, including Kunming Hope Road Branch and Zhuji Dental Hospital in 2013[31]. - The company aims for a revenue growth target of over 15% for the upcoming year[43]. - The company aims for over 20% year-on-year growth in dental medical revenue for 2014, while enhancing support for key regional hospitals[75]. - The company intends to open three to five new dental branches in Zhejiang Province and expand into the Southwest region[77]. Investment and Financial Management - The company reported a total investment amount of RMB 22,325,098.40 for the reporting period, representing a decrease of RMB 1,674,901.60 or 6.98% compared to the previous year's investment of RMB 24,000,000.00[55]. - The company has a 70% equity stake in Hangzhou Born Reproductive Technology Management Co., which provides consulting services related to assisted reproductive medical business[56]. - The company holds a 50% equity stake in Zhuji Dental Hospital Co., which focuses on dental medical services[56]. - The company provided a RMB 170 million entrusted loan to support the development of its health management business, with an interest rate set at 10% above the benchmark rate[58]. - The company has established several subsidiaries focused on dental services, with significant growth in revenue and net profit across multiple locations[60][61][62][63]. Operational Efficiency and Management - The company implemented a comprehensive management system focused on customer satisfaction, enhancing service quality and operational efficiency[32]. - The company emphasized talent development through a structured training program, collaborating with renowned dental institutions to enhance staff capabilities[32]. - The management team has extensive experience in the medical industry, contributing to effective decision-making and operational efficiency[53]. - The company has focused on talent acquisition and training, optimizing its human resources structure to enhance medical technology and clinical capabilities[53]. - The company has established a service quality improvement system, enhancing customer satisfaction and service quality across its medical institutions[55]. Compliance and Governance - The company has not engaged in any non-operating fund occupation by controlling shareholders or related parties[9]. - The company has not provided any guarantees in violation of regulatory decision-making procedures[9]. - The company has not engaged in any entrusted financial management activities during the reporting period[57]. - The company has maintained a consistent profit distribution policy without any adjustments or changes in 2013[83]. - The company has maintained compliance with the Company Law and relevant regulations from the China Securities Regulatory Commission[146]. Community Engagement - The company actively participates in community service activities, providing free dental check-ups and education to promote oral health awareness[87]. Financial Position and Assets - The total assets of the company at the end of the year were CNY 454,390,829.51, indicating a stable financial position[189]. - The company's cash and cash equivalents reached CNY 209,482,674.49, significantly up from CNY 103,765,633.95, reflecting an increase of approximately 101.7%[166]. - Total liabilities amounted to CNY 81,079,990.72, up from CNY 52,364,955.41, representing a growth of about 54.9%[168]. - The company's retained earnings increased to CNY 159,015,852.96 from CNY 58,597,850.87, reflecting a growth of approximately 171.5%[169]. Shareholder Information - The total number of shareholders at the end of the reporting period was 12,541, with the top ten shareholders holding significant stakes[119]. - The company reported a total shareholding of 3,880,619 shares held by the National Social Security Fund, representing a significant investment in the company[120]. - The actual controller of the company is Lü Jianming, who has extensive experience in real estate and industrial investment[122].