NBZB(SH:600857)2014-03-24 16:00Financial Performance - The company achieved a net profit attributable to the parent company of 35.70 million yuan for the year 2013, with an ending undistributed profit of 208.29 million yuan after accounting for statutory surplus reserves and dividends paid[6]. - The company reported a beginning undistributed profit of 187.46 million yuan for the consolidated financial statements, indicating a strong retained earnings position[6]. - The company achieved operating revenue of CNY 1,475,753,259.81 in 2013, an increase of 24.68% compared to the previous year[23]. - The net profit attributable to shareholders was CNY 35,697,833.57, a decrease of 3.26% from the previous year[23]. - The net cash flow from operating activities was CNY 48,458,270.57, representing a significant increase of 50.94% year-on-year[23]. - The total assets at the end of 2013 were CNY 740,450,235.15, up 5.28% from the previous year[23]. - The basic earnings per share decreased by 3.05% to CNY 0.159 compared to the previous year[23]. - The company reported a decrease in total profit of CNY 4,626,080, down 0.70% year-on-year[29]. - The company’s operating costs increased by 26.19% to CNY 1,334,075,320.53[31]. - The company’s rental income improved due to renovations of property assets, contributing to the increase in operating revenue[30]. Dividend Distribution - The proposed cash dividend distribution plan is 0.60 yuan per 10 shares, totaling 13.46 million yuan to be distributed to shareholders[7]. - The company has not proposed any capital reserve conversion to increase share capital for the year 2013, focusing on cash dividends instead[7]. - The company plans to distribute cash dividends of no less than 10% of the distributable profit for the year, with a cumulative cash distribution of at least 30% of the average annual distributable profit over the last three years[62]. - In 2012, the company distributed cash dividends totaling RMB 11.22 million, representing 30.40% of the net profit attributable to shareholders[66]. - The company has a stable profit distribution policy that can be adjusted under extraordinary circumstances such as natural disasters[64]. Shareholder Structure - The company has undergone several changes in controlling shareholders since its listing, with the current controlling shareholder being Harbin Institute of Technology Bada Group[18]. - A total of 35,204,752 shares, representing 15.69% of the company's total share capital, were frozen due to a court order related to a pledge dispute[77]. - The total number of shareholders at the end of the reporting period was 18,381, with the top ten shareholders holding a combined 41,560,809 shares, representing 18.53% of the total share capital[82]. - Yagor Group holds 15.94% of the shares, totaling 35,764,787 shares, with an increase of 7,414,154 shares during the reporting period[82]. - Harbin Institute of Technology Bada Group Limited holds 15.69% of the shares, totaling 35,204,752 shares, which are currently frozen[82]. Business Operations - The company’s main business includes wholesale and retail of pre-packaged food, indicating a focus on consumer goods[19]. - The company plans to continue its market expansion in the domestic commercial sector, leveraging its established business model[19]. - The company maintained a focus on stable development in retail, property leasing, and financial investment sectors during the reporting period[28]. - The commercial retail sector generated revenue of 1.466 billion RMB, with a year-on-year increase of 24.57%, while the cost of goods sold was 1.330 billion RMB, reflecting a 26.11% increase compared to the previous year[39]. - The company is actively pursuing strategies to enhance its retail operations through these leasing agreements[72]. Financial Integrity and Compliance - The company does not have any non-operating fund occupation by controlling shareholders or related parties, ensuring financial integrity[8]. - The company has not violated any decision-making procedures for providing guarantees, maintaining compliance with regulations[8]. - The company has a strong commitment to ensuring the accuracy and completeness of its financial reports, as stated by its management[6]. - The company has not faced any administrative penalties or public reprimands from the China Securities Regulatory Commission during the reporting period[75]. - The company strictly adheres to information disclosure regulations, ensuring timely and accurate information is available to all shareholders[102]. Strategic Planning and Governance - The company will continue to enhance structural governance and improve internal control systems to respond to increasing market competition[57]. - The company maintains a governance structure that ensures all shareholders have equal rights and can fully exercise their rights, with effective communication channels established for shareholder inquiries[100]. - The company’s board of directors has undergone changes, with new members elected to strengthen governance[93]. - The company has established a comprehensive training program for directors, supervisors, and senior management, ensuring regular participation in professional training organized by the Shanghai Stock Exchange and regulatory authorities[98]. - The company has implemented a performance evaluation and incentive mechanism linking managerial compensation to company performance and individual achievements[102]. Risk Management - The company has faced risks from macroeconomic fluctuations and intensified industry competition, which may impact consumer behavior and market share[60]. - The company maintains a commitment to social responsibility, focusing on employee rights, product quality, and environmental protection[65]. - The company has established a total amount of special reserves at the end of the year was CNY 48,213,344.34, reflecting the company's risk management strategies[143]. Investment and Future Outlook - The company plans to achieve a revenue target of ¥1.2 billion in 2014, focusing on strengthening its retail business and seeking suitable investment projects[58]. - The company is exploring potential mergers and acquisitions to enhance its market position and drive future growth[150]. - The company aims to maintain stable operations in its main business while actively seeking development opportunities[57]. Financial Reporting and Accounting Policies - The financial statements are prepared in accordance with the accounting standards issued by the Ministry of Finance, ensuring compliance and accuracy in reporting[155]. - The company includes all subsidiaries in its consolidated financial statements, ensuring a comprehensive view of its financial position[160]. - The company recognizes goodwill in mergers when the acquisition cost exceeds the fair value of identifiable net assets acquired[158]. - The company assesses the carrying value of financial assets at the balance sheet date and recognizes impairment losses if objective evidence indicates impairment[175]. - The company adopts the cost method for long-term equity investments in subsidiaries and adjusts using the equity method for consolidated financial statements[184].