Insigma(SH:600797)2014-04-24 16:00Financial Performance - The company's net profit for 2013 was CNY 6,609,825.14, with a distribution plan to pay a cash dividend of CNY 0.1 per 10 shares, totaling CNY 8,317,699.95[5] - Basic earnings per share for 2013 was CNY 0.04, a significant recovery from a loss of CNY 0.04 in 2012[29] - The weighted average return on equity increased to 1.98% in 2013, up by 3.87 percentage points from -1.89% in 2012[29] - The company reported a total distributable profit of CNY 176,326,223.50 at year-end 2013, after adjustments for retained earnings[5] - The company’s diluted earnings per share for 2013 was also CNY 0.04, consistent with basic earnings per share[29] - The company’s return on equity after deducting non-recurring gains and losses was -1.46% in 2013, an improvement from -4.11% in 2012[29] - The company achieved operating revenue of CNY 5,205,236,643.82, representing a year-on-year growth of 4.42%[36] - The net profit attributable to shareholders was CNY 36,195,699.46, a significant increase of 203.18% compared to the previous year[36] - The net cash flow from operating activities reached CNY 208,732,780.97, marking a substantial increase of 562.54% year-on-year[36] - The total profit for 2013 was CNY 70,091,882.43, representing a significant increase of 4381.92% from CNY 1,563,879.15 in the previous year[62] - The gross profit margin for the main business in 2013 was 16.33%, which remained stable compared to the previous year[65] - Domestic revenue reached CNY 4,949,155,513.66, up 7.68%, while international revenue decreased by 36.79% to CNY 232,675,086.47[67] - The net cash increase in cash and cash equivalents was CNY 54,277,776.53, a rise of 135.36% compared to the previous year[61] Business Strategy and Development - The company established a "Cloud Strategy" to drive business transformation and optimize traditional business structures[37] - The company has made significant progress in the smart city sector, successfully applying its cloud services in multiple pilot projects, including the Hangzhou e-Government Cloud[42] - The company formed strategic partnerships with major players like Cisco and Alibaba Cloud to enhance its cloud service capabilities[43] - The company is focusing on cloud services and big data to drive service upgrades and support traditional industries in their business process transformations[46] - The company aims to deepen its cloud strategy and enhance its platform capabilities in 2014[93] - The company will focus on new business areas such as smart city solutions and cloud-based services[94] - The company aims to become a leading comprehensive service provider for smart city construction, leveraging its extensive experience in the field[95] - The company plans to invest in new technologies such as big data and mobile internet to drive growth[94] Investments and Financial Management - The company’s R&D expenditure totaled 82.67 million RMB, accounting for 1.59% of operating revenue and 4.20% of net assets[59] - The company’s investment activities generated a net cash outflow of 64.97 million RMB, a 55.60% improvement from the previous year[51] - The company has invested in various sectors, including a 20% stake in Nielsen Network Media Data Co., Ltd., which specializes in audience ratings[77] - The company has a 49% equity stake in Hangzhou Ruihan Investment Development Co., Ltd., which focuses on park construction and management[77] - The total amount of guarantees provided by the company (excluding guarantees to subsidiaries) during the reporting period was CNY 120 million, with a year-end balance of CNY 80 million[132] - The total guarantee amount (including guarantees to subsidiaries) was CNY 447 million, accounting for 22.73% of the company's net assets[132] Corporate Governance and Compliance - The company’s financial report received a standard unqualified audit opinion from Tianjian Accounting Firm[4] - The company has not reported any significant asset transactions or mergers during the reporting period[112] - The company did not have any significant litigation or arbitration matters pending during the reporting period[112] - The company has issued a social responsibility report for 2013, available on the Shanghai Stock Exchange website[108] - The governance structure complies with the Company Law and relevant regulations from the China Securities Regulatory Commission[200] - The company has implemented an equity incentive plan since 2011 to align interests for long-term development[197] Shareholder Information - The company has a total of 117,162 shareholders as of the report date[148] - The largest shareholder, Zhejiang Zheda Wangxin Group Co., Ltd., holds 15.32% of the shares, totaling 127,396,059 shares[150] - The total number of shares decreased from 842,008,495 to 831,769,995 due to the cancellation of stock incentive shares totaling 10,238,500[142] - The company’s total equity capital decreased from 842,008,495 RMB to 831,769,995 RMB in 2013[116] Employee and Management Structure - The company employed a total of 5,717 staff, with 3,875 being technical personnel[182] - The company has a structured training plan to enhance employee professional capabilities and support talent development[184] - The total remuneration for directors and executives during the reporting period was CNY 5,530,000[165] - The board of directors consists of 11 members, including 4 independent directors, complying with legal requirements[193] - The company has a diverse executive team with backgrounds in technology, finance, and law, enhancing its strategic capabilities[169][170][171] Legal Matters - The company faced a legal dispute with Alstom regarding patent licensing fees, with the Hangzhou Intermediate People's Court rejecting Alstom's application for enforcement of the arbitration ruling[111] - The company is actively opposing Alstom's petition for liquidation in Hong Kong, asserting that the petition lacks merit[111]