BURTC(600861)2014-02-21 16:00Financial Performance - The company achieved a net profit of CNY 107,667,920.35 for the year 2013, representing a 4.31% increase compared to the previous year[7]. - Total operating revenue for 2013 was CNY 2,460,425,287.39, reflecting a 9.37% growth from CNY 2,249,645,804.20 in 2012[21]. - Basic earnings per share increased to CNY 0.2936, up 4.30% from CNY 0.2815 in 2012[21]. - The company reported a decrease in net profit attributable to shareholders after deducting non-recurring gains and losses, amounting to CNY 81,681,213.61, a decline of 0.65% from the previous year[21]. - The company’s net assets attributable to shareholders increased to CNY 2,202,786,278.87, a 2.87% rise from CNY 2,141,285,354.13 in 2012[21]. - The company reported a total profit of CNY 138,614,116.64, up from CNY 128,140,611.97, reflecting a growth of 8.5%[118]. - The net profit for the current period was ¥107,667,920.35, representing a growth of 7.88% from ¥99,692,310.34 in the previous period[120]. Cash Flow and Investments - The net cash flow from operating activities was negative CNY 295,531,697.99, worsening by 154.75% compared to the previous year[21]. - The company reported a cash flow from operating activities showing a net outflow of ¥295,531,697.99, worsening from a net outflow of ¥116,010,039.13 in the previous period[123]. - Cash flow from investing activities resulted in a net outflow of ¥8,862,539.34, a decline from a net inflow of ¥8,220,355.64 in the previous period[123]. - The company’s investment in financial products totaled CNY 70,000,000, with a return of CNY 146,169.86 from the products matured in the reporting period[45]. - The total investment in securities reached CNY 29,834,033.57, with a total profit of CNY 1,404,007.18 during the reporting period[42]. Assets and Liabilities - The company's total assets reached CNY 3,535,813,981.83 at the end of 2013, a 7.31% increase from CNY 3,294,959,586.24 in 2012[21]. - The total current assets amounted to RMB 2,258,215,348.86, up from RMB 1,951,071,681.84, indicating an increase of about 15.7%[110]. - The total liabilities increased to CNY 1,253,039,840.52 from CNY 1,080,314,733.59, indicating a rise of approximately 16%[116]. - Long-term borrowings increased to RMB 538,837,771.00 from RMB 282,707,000.00, which is an increase of approximately 90.5%[111]. Shareholder Information - The number of shareholders increased to 36,645 by the end of the reporting period, compared to 36,079 before the annual report disclosure[69]. - The largest shareholder, Beijing Suburban Tourism Industry Development Company, holds 33.49% of the shares, totaling 106,088,400 shares[69]. - The company distributed a cash dividend of CNY 1.30 per 10 shares for the 2012 fiscal year, totaling CNY 41,184,643.37[55]. - The company distributed CNY 39,223,592.22 to shareholders during the year, which included a profit allocation of CNY 10,766,792.04 to surplus reserves[135]. Operational Highlights - The company's main business revenue was primarily from merchandise sales, which accounted for 94.98% of total revenue, amounting to CNY 2,289.20 million[27]. - The cost of goods sold increased by 12.24% to CNY 2,009.70 million, leading to a gross margin decrease of 1.84 percentage points[28]. - The company has maintained a stable and growing membership base, contributing to a continuous influx of customer resources[41]. - The company aims to enhance operational efficiency through information systems and innovative management models[51]. Governance and Compliance - The company has established a comprehensive corporate governance structure and system in compliance with relevant laws and regulations, ensuring clear responsibilities among its power, decision-making, supervisory, and management bodies[92]. - The internal control audit was conducted by the same accounting firm, with a fee of 300,000 RMB[63]. - The company has implemented a performance evaluation mechanism for senior management, linking their annual remuneration to the achievement of sales and profit targets set by the board[99]. Future Outlook - The company plans to achieve a revenue of CNY 3.014 billion for 2014, with a profit target of CNY 156 million[52]. - The company plans to leverage urban-rural integration and online tourism shopping malls for future development[71]. - The company aims to improve decision-making and management skills through high-level training forums and workshops for executives[88]. Risk Management - The company recognizes risks from macroeconomic policies and the impact of online shopping on traditional retail channels[54]. - The company continues to respect and protect the legitimate rights of stakeholders, including creditors, banks, and customers, promoting mutual benefits in economic interactions[93].