FJC(SH:600802)2014-03-17 16:00Financial Performance - The company reported a net profit of ¥34,196,782.01 for the parent company and ¥19,045,754.51 for the consolidated entity in 2013[5]. - The distributable profit for the year was ¥119,549,923.06, with a proposed cash dividend of ¥0.16 per 10 shares, totaling ¥6,109,978.66[5]. - The company extracted 10% of the net profit as statutory reserve, amounting to ¥3,419,678.20[5]. - The total unallocated profit carried forward to the next year is ¥113,439,944.40 for the parent company[5]. - The net profit attributable to shareholders for 2013 was CNY 19.05 million, a decrease of 30.38% from CNY 27.36 million in 2012[22]. - The basic earnings per share for 2013 was CNY 0.050, down 30.38% from CNY 0.072 in 2012[23]. - The net profit attributable to the parent company was 190.46 million yuan, a decrease of 30.38% compared to the previous year[33]. - The company reported a total revenue of 1.792 billion RMB for the fiscal year 2013, with a net profit attributable to the parent company of 0.35 billion RMB[104]. Revenue and Sales - The company's operating revenue for 2013 was approximately CNY 1.82 billion, representing a year-on-year increase of 12.40% compared to CNY 1.62 billion in 2012[22]. - The total sales volume of cement and clinker reached 6.4253 million tons, an increase of 18.58% year-on-year, with operating revenue of 1,819.58 million yuan, up 12.40%[35]. - Revenue from Fujian Province reached ¥1,809,666,237.03, representing a year-on-year increase of 12.76%[48]. - The company’s main business revenue from cement (including clinker) manufacturing and sales reached ¥1,807,942,939.36, with a gross margin of 12.31%, an increase of 3.75 percentage points year-on-year[46]. Production and Capacity - The company achieved a cement production capacity of 12 million tons by the end of the reporting period, including projects under construction[31]. - The company produced 5.1063 million tons of clinker and 6.2079 million tons of cement, representing year-on-year growth of 17.44% and 20.74% respectively[33]. - The company is planning to produce and sell 8 million tons of cement in 2014, with a projected revenue of 231.78 million yuan and costs of 229.35 million yuan[64]. Cash Flow and Investments - The company reported a net cash flow from operating activities of CNY 248.36 million, a significant recovery from a negative cash flow in 2012[22]. - The net cash flow from operating activities increased by 35.61 million yuan, primarily due to expanded sales and increased cash receipts related to operating activities[41]. - The company’s investment activities generated a net cash outflow of 505.68 million yuan, a significant increase of 1,318.63% compared to the previous year[41]. - The net cash flow from investing activities was negative at RMB -505,683,400.74, a decline from a positive cash flow of RMB 41,496,226.30 in the previous year[170]. Assets and Liabilities - The total assets at the end of 2013 were CNY 4.69 billion, an increase of 6.13% from CNY 4.42 billion at the end of 2012[22]. - The company's total assets increased to CNY 4,692,520,213.54 from CNY 4,421,482,018.60, representing a growth of approximately 6.1%[159]. - Total liabilities increased to CNY 2,896,268,900.44 from CNY 2,459,454,776.42, a rise of about 17.8%[159]. - The company's equity attributable to shareholders decreased to CNY 1,054,923,860.50 from CNY 1,261,822,385.74, a decline of approximately 16.4%[160]. Strategic Initiatives - The company is focusing on market expansion and has initiated several projects, including a new cement production line expected to be operational by June 2014[31]. - The company plans to continue advancing its strategic development projects and aims to improve operational efficiency in the coming periods[43]. - The company is actively pursuing potential projects for mergers and acquisitions to promote growth and expansion[66]. - The company is investing in several projects, including a 48.53 million yuan comprehensive energy-saving renovation project and a 81.38 million yuan clinker production line project, with significant investments planned for 2014[66]. Environmental Responsibility - In 2013, the company achieved a reduction in carbon dioxide emissions by 240,000 tons and sulfur dioxide emissions by 2,240 tons through clean production initiatives[75]. - The company invested CNY 38.5 million in dust emission control projects, achieving compliance with national standards for emissions[75]. - The company has not faced any environmental pollution incidents or administrative penalties during the reporting period, reflecting its commitment to environmental responsibility[74]. Corporate Governance - The company has maintained its current accounting firm, Fujian Huaxing Accounting Firm, for 22 years, with an audit fee of 0.8 million RMB for financial auditing and 0.3 million RMB for internal control auditing in 2013[104]. - The company’s board and supervisory board completed a smooth transition during the reporting period, enhancing governance structures[139]. - The supervisory board found no significant risks during its oversight activities in the reporting period[144]. Shareholder Information - The company has a total of 52,682 shareholders as of the end of the reporting period, with the top ten shareholders holding a combined 52.82% of the shares[101]. - The largest shareholder, Fujian Provincial Building Materials (Holding) Co., Ltd., holds 28.78% of the shares, amounting to 109,913,089 shares[101]. - The company has committed to distributing at least 10% of its distributable profits as cash dividends annually from 2012 to 2014, with a cumulative distribution of no less than 30% over the three years[92].