XJJW(SH:600888)2014-03-27 16:00Financial Performance - In 2013, the company achieved operating revenue of CNY 3,721,659,589.18, representing a 65.42% increase compared to CNY 2,249,797,988.23 in 2012[29]. - The net profit attributable to shareholders of the listed company for 2013 was CNY 87,043,068.40, a decrease of 43.56% from CNY 154,230,844.34 in 2012[29]. - Total assets at the end of 2013 amounted to CNY 8,081,109,857.37, an increase of 11.52% from CNY 7,246,354,295.75 in 2012[29]. - The company reported a significant increase in alloy product sales revenue, which reached CNY 107,380.70 million, a year-on-year growth of 532.62%[45]. - The company faced a 43.58% decline in basic earnings per share, which was CNY 0.1357 per share in 2013[30]. - The weighted average return on equity decreased to 2.35%, down from 4.26% in the previous year[30]. - The company achieved actual operating revenue of 3.72 billion RMB in 2013, exceeding the target by 24%, while operating profit was 35.35 million RMB, falling short of expectations due to competitive pressures and increased costs[55]. - Total operating revenue for 2013 reached CNY 3,721,659,589.18, a significant increase of 65.5% compared to CNY 2,249,797,988.23 in the previous year[187]. - Net profit for 2013 was CNY 87,065,168.34, a decrease of 43.5% from CNY 154,236,301.81 in the prior year[188]. Cash Flow and Investments - The company reported a net cash flow from operating activities of CNY 187,765,392.31, which is a significant increase of 148.56% compared to CNY 75,539,860.68 in 2012[29]. - The cash inflow from operating activities totaled CNY 3,160,332,707.84, a significant increase of 75.7% compared to CNY 1,799,358,795.59 in the previous period[192]. - The cash outflow for investing activities was CNY 405,169,526.88, a decrease of 65.5% from CNY 1,175,908,860.37 in the previous period[195]. - The net cash flow from investing activities was -CNY 403,574,417.28, an improvement from -CNY 1,173,018,427.63[195]. - The cash inflow from financing activities was CNY 1,244,614,263.36, compared to CNY 292,444,316.66 in the previous period, marking a substantial increase[195]. - The total cash and cash equivalents at the end of the period amounted to CNY 557,775,518.66, up from CNY 509,398,986.75[195]. Shareholder and Dividend Information - The company plans to distribute a cash dividend of CNY 0.5 per 10 shares, totaling CNY 32,061,293.60, with the remaining undistributed profit carried forward to the next year[6]. - The company emphasizes a stable profit distribution policy, ensuring continuous and reasonable returns to shareholders[90]. - The company is revising its profit distribution policy to align with regulatory requirements and enhance shareholder value[90]. - The total distributable profit available for shareholders at the end of 2013 was 959,954,603.57 RMB after accounting for previous undistributed profits and dividends paid[95]. - The company’s cash dividend policy stipulates that at least 30% of the average distributable profit over three years should be distributed in cash[92]. Research and Development - Research and development expenses increased by 56.11% to CNY 31,836.03 million, reflecting the company's commitment to innovation[40]. - The company launched 11 new products and developed 84 new customers, contributing nearly CNY 700 million in additional revenue[37]. - The company plans to increase R&D investment to develop high value-added new products and improve production efficiency[87]. Operational Changes and Strategy - The company has transitioned from a traditional aluminum smelting enterprise to a new materials company, focusing on high-purity aluminum and electronic aluminum foil[24]. - The company plans to focus on expanding its electronic new materials industry chain and logistics business, leveraging its resource advantages in Xinjiang[55]. - The company aims to achieve a revenue of 3 billion CNY in 2014, with a target to control operating costs within 2.7 billion CNY[83]. - The company is committed to reducing production costs by optimizing raw material usage and improving waste recycling processes[84]. Governance and Management - The company has maintained its accounting firm, Zhongshang Huayin Wuzhou Accounting Firm, for 17 years, with an audit fee of CNY 35 million[112]. - The company is in the process of electing a new chairman following the resignation of Li Jianhua on August 19, 2013[140]. - The total remuneration for the board members during the reporting period amounted to 333.1 million yuan before tax, with a net amount of 298.2 million yuan[138]. - The company has a diverse board with members holding various positions in other organizations, enhancing its governance and strategic direction[139]. Employee and Training Information - The total number of employees in the parent company is 4,015, while the total number of employees in major subsidiaries is 3,988, resulting in a combined total of 7,003 employees[148]. - In 2013, the company conducted a total of 847 training sessions, with 19,040 participants and a total of 2,393.5 training hours[151]. - The company has implemented a comprehensive salary system, ensuring equal pay for equal work and a performance-based compensation structure[150].