ZLC(SH:600818)2014-03-25 16:00Financial Performance - In 2013, the net profit attributable to shareholders of the listed company was CNY 9,848,751.17, with the parent company's net profit at CNY 3,224,553.82[9]. - Basic earnings per share decreased by 50% to CNY 0.03 in 2013, down from CNY 0.06 in 2012[28]. - The weighted average return on net assets was 2.58% in 2013, a decrease of 1.81 percentage points from 4.39% in 2012[28]. - The net profit attributable to shareholders decreased by 40.23% to CNY 9,848,751.17 from CNY 16,476,569.21 in the previous year[34]. - The company reported a net profit of CNY 4.1263 million from the sale of 435,263 shares of Shanghai Lujiazui Financial Trade Zone Development Co., Ltd.[36]. - The company reported a significant increase in labor costs in the leasing sector, rising by 285.59% to 500.42 RMB[57]. - The company reported a net profit margin of 12%, up from 10% in the previous year, indicating improved operational efficiency[113]. - The company reported a net profit of RMB 3,224,553.82 for the period, compared to RMB 3,828,705.44 in the previous period, reflecting a decrease of about 15.8%[176]. Revenue and Sales - The company's operating revenue for 2013 was CNY 660,151,463.83, an increase of 23.25% compared to CNY 535,621,500.99 in 2012[34]. - The company's total revenue for the reporting period reached 583,576,774.77 RMB, representing a year-on-year increase of 32.42% in domestic sales[60]. - The revenue from OEM bicycles increased by 70.28% to CNY 33,461.88 million compared to CNY 19,650.94 million in the previous year[39]. - Total operating revenue for the year reached RMB 660,151,463.83, an increase of 23.3% compared to RMB 535,621,500.99 in the previous year[165]. Cash Flow - The net cash flow from operating activities increased significantly by 157.42% to CNY 10,108,438.24 from CNY 3,926,881.12 in 2012[34]. - Cash received from sales of goods and services increased by 34.94% to 732,111,098.98 RMB, driven by higher bicycle sales[53]. - The company reported a net cash flow from operating activities of RMB 39,284,803.74, significantly higher than RMB 7,684,327.68 in the previous year[168]. - Total cash inflow from operating activities was RMB 755,226,111.22, compared to RMB 584,081,670.62 in the previous period, indicating an increase of about 29.3%[171]. Investment and R&D - The company invested a total of CNY 38.4 million in several technology innovation companies during the reporting period[36]. - The company’s R&D expenditure rose by 13.69% to CNY 3,959,589.11 from CNY 3,482,721.09 in 2012[39]. - Research and development expenses increased by 25%, focusing on innovative product development and technology enhancements[113]. - The company plans to invest 100 million RMB in new technology initiatives over the next two years[113]. Shareholder and Dividend Information - The proposed cash dividend distribution is CNY 0.40 per 10 shares, totaling CNY 12,857,916.40, which is 130.55% of the net profit attributable to shareholders for the year[9]. - The company has a profit distribution policy that requires at least 30% of the average distributable profit over the last three years to be distributed in cash[80]. - The company reported a cash dividend of 0.40 RMB per 10 shares for 2013, totaling approximately 12.86 million RMB[82]. - The total number of shares outstanding is 321,447,910, with 292,225,373 shares being freely tradable[96]. Corporate Governance - The company has established a comprehensive internal control system, ensuring asset security and accurate financial reporting[140]. - The audit committee supervises the implementation of internal control systems and conducts self-evaluations[142]. - The independent directors did not raise any objections to the board's proposals during the reporting period[133]. - There were no changes in the board of directors, supervisors, or senior management during the reporting period[120]. Market Expansion and Strategy - The company is actively seeking to expand its market presence and develop new high-end products, including electric vehicles and public bicycle rental services[55]. - The company plans to achieve a revenue target of 66,000,000 RMB and a cost target of 57,500,000 RMB for the upcoming year[56]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[170]. - The company is expanding its market presence in Southeast Asia, targeting a 30% increase in sales in that region over the next year[113]. Asset and Liability Management - The company reported a total asset value of CNY 730,340,980.94 at the end of 2013, a decrease of 1.32% from CNY 740,124,255.72 in 2012[34]. - Total liabilities amounted to RMB 222,171,049.07, up from RMB 193,013,362.88, indicating a growth of around 15.1%[155]. - Owner's equity decreased slightly to RMB 379,304,533.10 from RMB 383,385,716.65, a decline of about 1.9%[155]. - The company’s total liabilities were RMB 324,567,846.45, resulting in a debt-to-equity ratio of approximately 80%[162]. Compliance and Audit - The financial report for the year has been audited by Lixin Certified Public Accountants, receiving a standard unqualified opinion[146]. - The company has not identified any significant deficiencies in internal control as of the reporting period[142]. - The company consolidates all subsidiaries in its financial statements based on control, ensuring consistent accounting policies and periods[198].