SMEIC(600835)2014-03-27 16:00Financial Performance - The company's operating revenue for 2013 was CNY 19,907,077,075.11, representing a 12.20% increase compared to CNY 17,743,250,879.58 in 2012[28]. - The net profit attributable to shareholders for 2013 was CNY 943,833,546.36, a 34.16% increase from CNY 703,489,403.11 in 2012[28]. - The net profit after deducting non-recurring gains and losses was CNY 829,985,088.19, an 8.57% increase from CNY 764,440,856.72 in 2012[28]. - The basic earnings per share (EPS) for 2013 was CNY 0.92, reflecting a 33.33% increase from CNY 0.69 in 2012[29]. - The weighted average return on equity (ROE) increased to 17.49% in 2013, up from 13.39% in 2012, marking an increase of 4.10 percentage points[29]. - The company reported a significant increase in prepayments, which rose to ¥2,072,837,037.91 from ¥1,731,820,230.43, an increase of 19.7%[173]. - The company reported a total comprehensive income of CNY 1,811,456,010.65, up from CNY 1,280,834,944.77 in 2012, marking a growth of 41.3%[182]. - The net profit for the year was CNY 1,837,010,750.30, representing a growth of 39.8% from CNY 1,314,824,682.59 in the prior year[182]. Cash Flow and Assets - The net cash flow from operating activities decreased by 43.63% to CNY 1,758,892,889.23 from CNY 3,120,058,762.91 in 2012[28]. - The company's cash and cash equivalents at the end of the period were ¥11,186,210,000, which is 41.25% of total assets, down from 46.05% in the previous period[58]. - The total cash outflow from investing activities was CNY 459,956,238.76, compared to CNY 1,286,234,934.56 in the previous year, resulting in a net cash flow from investing activities of CNY -38,765,870.94[188]. - Cash inflow from financing activities was CNY 340,478,779.29, significantly lower than CNY 1,617,752,850.48 in the previous year, leading to a net cash flow from financing activities of CNY -2,356,343,028.48[188]. - The total assets at the end of 2013 were CNY 27,120,459,751.27, a 5.35% increase from CNY 25,743,676,630.15 in 2012[28]. - The total liabilities amounted to ¥19,053,624,874.07, up from ¥18,613,276,240.38, indicating a year-over-year increase of 2.37%[175]. Investments and R&D - The company’s research and development expenditure rose by 21.53% to CNY 698.80 million in 2013, compared to CNY 575.00 million in 2012[41]. - The total investment in various companies reached ¥16,323,219.91, with a year-end book value of ¥106,949,232.08, reflecting a 42% increase in equity value[70]. - The company has developed products that account for over 70% of total sales, showcasing strong capabilities in independent innovation[62]. - Gauss International has a robust R&D team with an average of over 20 years of industry experience, holding 700 international patents[65]. Market Strategy and Operations - The company plans to adopt aggressive sales strategies to maintain and expand market share in response to market risks[12]. - The company will implement cost reduction measures to mitigate the impact of potential price declines on gross profit margins[12]. - The elevator business maintained strong growth, with a contract signing quantity that continued to increase, and production exceeding 70,000 units in 2013[39]. - The company aims to enhance its competitive capabilities and explore new development paths to improve economic efficiency[60]. - The company is actively seeking new growth points through external expansion, targeting investment projects that complement its existing businesses[82]. Governance and Compliance - The company has established a comprehensive internal control system covering major investment decisions, information disclosure management, and financial management, ensuring effective implementation and supervision[142]. - The audit committee confirmed that the annual report accurately reflects the company's operating results and financial status[152]. - The company has a robust governance structure, ensuring equal treatment of all shareholders and compliance with relevant laws and regulations[142]. - The company has not identified any major errors in information disclosure during the reporting period[162]. Shareholder Information - The total number of shares is 1,022,739,308, with 100% being tradable shares[110]. - The largest shareholder, Shanghai Electric Group Co., Ltd., holds 484,220,364 shares, representing 47.35% of total shares[114]. - The company has 52,944 total shareholders as of the end of the reporting period[114]. Employee and Management - The total number of employees in the parent company is 30, while the main subsidiaries employ 3,886, resulting in a total of 3,916 employees[134]. - The company has established a dynamic adjustment mechanism for compensation based on job value differences[135]. - The company emphasizes employee training, organizing various training programs to enhance professional skills and overall competency, including 6 major categories of training[138]. - The management team is directly accountable to the board and is evaluated based on the company's strategic goals and operational performance[155].