ZJHM(SH:600987)2017-03-21 16:00Financial Performance - In 2016, the company achieved a net profit attributable to shareholders of 542,810,484.77 CNY, an increase of 12.07% compared to 2015[2]. - The company's operating income for 2016 was 3,190,621,692.67 CNY, reflecting a growth of 5.38% year-on-year[20]. - The net cash flow from operating activities reached 868,035,575.93 CNY, up by 27.94% from the previous year[20]. - The total assets of the company at the end of 2016 amounted to 4,283,686,327.53 CNY, a 6.15% increase from 2015[20]. - The company's net assets attributable to shareholders increased to 3,143,457,728.74 CNY, representing a growth of 14.24% year-on-year[20]. - Basic earnings per share increased to CNY 0.85, up 11.84% from CNY 0.76 in 2015[21]. - The company's net profit attributable to shareholders for Q4 2016 was CNY 185,693,032.43, showing a significant increase compared to previous quarters[23]. - The total operating income for Q2 2016 reached CNY 909,645,272.00, marking a strong performance in the first half of the year[23]. - The operating profit reached CNY 766,860,000, reflecting a growth of 11.55% compared to the previous year[37]. - The total amount of non-recurring gains and losses for 2016 was CNY 31,115,001.92, compared to CNY 29,543,273.36 in 2015[25]. Dividend and Profit Distribution - The proposed cash dividend for 2016 is 2.60 CNY per 10 shares, totaling 165,180,600.00 CNY, which accounts for 30.43% of the net profit[2]. - The company distributed a cash dividend of 2.3 RMB per 10 shares in 2015, totaling 146,121,300 RMB[81]. - In 2016, the company increased the cash dividend to 2.6 RMB per 10 shares, amounting to 165,180,600 RMB, representing 30.43% of the net profit attributable to shareholders[82]. - The company has consistently prioritized reasonable returns to investors since its listing, implementing annual profit distributions[81]. - The revised articles of association clarify the cash dividend standards and decision-making processes to protect the rights of minority shareholders[80]. - The company has not proposed a cash profit distribution plan for the reporting period despite having positive distributable profits[83]. Operational Efficiency and Investments - The company invested CNY 87,559,917.66 in R&D, showing a slight increase of 0.21% from the previous year, emphasizing its commitment to innovation[39]. - The company has formed a robust industrial chain with a focus on dyeing, thermal power, weaving, and non-woven fabric, enhancing its operational efficiency[32]. - The company is actively involved in the transformation of its coal-fired boilers to meet stringent environmental standards, enhancing its sustainability efforts[36]. - The company has successfully navigated challenges posed by market fluctuations and regulatory pressures, maintaining stable operational performance[35]. - The company aims to improve environmental standards by investing in energy-efficient dyeing equipment and expanding its market presence[65]. Risk Management and Compliance - The company has disclosed potential risks in its annual report, urging investors to pay attention[6]. - The audit report issued by Tianjian Accounting Firm confirms the accuracy and completeness of the financial statements[5]. - The company has maintained a commitment to not engage in competitive activities with its subsidiaries, ensuring compliance with its commitments to shareholders[83]. - The company has not encountered any significant accounting errors that would require correction during the reporting period[87]. - The company has appointed Tianjian Accounting Firm as the financial and internal control auditor for the fiscal year 2016[88]. Environmental and Social Responsibility - The company has committed to enhancing environmental protection measures, with a reported annual pollutant discharge of 2,767.18 tons, costing approximately 78.93 million RMB[113]. - The company increased its pollution control costs by 6.55% compared to 2015, totaling approximately 102.32 million RMB for the year[115]. - The company has engaged in 10 poverty alleviation projects, with a total investment of 1.661 million RMB[109]. - The company is focused on creating job opportunities for impoverished populations and providing vocational training to facilitate employment[111]. Shareholder Structure and Governance - As of the end of the reporting period, the total number of ordinary shareholders increased to 25,957 from 24,130 at the end of the previous month, representing a growth of approximately 7.57%[121]. - The largest shareholder, Zhejiang Hangmin Industrial Group, holds 209,000,036 shares, accounting for 32.90% of the total shares[123]. - The company has significant investments in other listed companies, holding 154 million shares in First Capital Securities and 26,622,300 shares in Shunfa Hengye[126]. - The company has a diverse board with members holding various positions in other organizations, enhancing its governance structure[134]. - The company has maintained a stable management team with no significant turnover during the reporting period[135]. Financial Position and Assets - The total current assets as of December 31, 2016, amounted to CNY 2,408,361,845.43, an increase from CNY 2,230,960,104.70 at the beginning of the year, reflecting a growth of approximately 8.0%[165]. - The total non-current assets as of December 31, 2016, were CNY 1,875,324,482.10, up from CNY 1,804,665,579.26, indicating an increase of around 3.9%[165]. - The company's internal control evaluation report was disclosed on the Shanghai Stock Exchange website, ensuring compliance with regulatory requirements[154]. - The financial statements prepared by the company comply with accounting standards, accurately reflecting the financial position, operating results, changes in shareholders' equity, and cash flows[199].