TJKJ(SH:600846)2014-04-01 16:00Financial Performance - The company achieved a net profit of CNY 75,665,941.91 for the year 2013, with a statutory surplus reserve of CNY 7,566,594.19, leaving a distributable profit of CNY 262,346,646.06[8]. - The company achieved operating revenue of RMB 3.71 billion in 2013, a year-on-year increase of 59.19%[27]. - Net profit attributable to shareholders reached RMB 160.59 million, up 38.90% compared to the previous year[27]. - Basic earnings per share increased to RMB 0.26, reflecting a growth of 36.84% year-on-year[27]. - The weighted average return on equity rose to 10.88%, an increase of 2.32 percentage points from 2012[27]. - The net cash flow from operating activities surged to RMB 1.13 billion, a significant increase of 1,944.48% compared to the previous year[27]. - The company reported a net profit of CNY 160,589,265.23 for 2013, with a dividend payout ratio of 31.12%[73]. - The company’s net profit increased by 30.54% to CNY 600,617,422.48, driven by higher profits during the year[52]. - The company reported a net profit for the year of RMB 82,537,611.04, with a profit distribution of RMB -12,495,230.32 to the shareholders[159]. Revenue and Segments - The environmental business segment reported revenue of RMB 323 million, growing by 59.28% year-on-year[34]. - The real estate segment generated approximately RMB 1.06 billion in revenue, marking a 107.39% increase from the previous year[36]. - The revenue from the residential development segment was CNY 1,064,255,942.00, with a decrease of 2.80% compared to the previous year[49]. - The revenue from the environmental engineering segment was CNY 322,566,385.11, showing a decrease of 6.06% year-on-year[49]. - The total revenue for Shanghai Tongji Science and Technology Industrial Co., Ltd. in 2013 was CNY 3,641,084,423.43, representing a year-on-year increase of 16.41%[49]. Costs and Expenses - The total operating cost for the current period was ¥3,043,739,514.66, reflecting a 61.82% increase from ¥1,880,907,877.52 in the same period last year[41]. - The construction industry segment accounted for 43.75% of total costs, with a current period cost of ¥1,331,490,426.20, up 38.36% from the previous year[40]. - The real estate sector saw a significant cost increase of 115.20%, totaling ¥821,731,464.44, compared to ¥381,851,553.67 in the previous year[40]. - The company's sales expenses increased significantly by 163.58%, amounting to ¥65,107,575.26, primarily due to higher advertising and commission fees[43]. Investments and Acquisitions - The company completed the acquisition of a 10% stake in Shanghai Tongwen Real Estate Co., Ltd. for CNY 35 million, increasing its ownership to 93.33%[76]. - The company also acquired a 10% stake in Shanghai Tongji Environmental Engineering Technology Co., Ltd. for CNY 10.11 million in December 2013[76]. - The company successfully acquired development rights for two residential plots in Shanghai for RMB 1.03 billion, adding approximately 90,000 square meters of saleable area[36]. - The company increased its stake in Tongji Environment from 59.5% to 69.5% to enhance reinvestment capacity[34]. Shareholder and Dividend Information - A cash dividend of CNY 0.80 per 10 shares (including tax) is proposed, totaling CNY 49,980,921.28, with the remaining profit of CNY 212,365,724.78 to be carried forward[8]. - The company has established a stable dividend mechanism to promote sustainable growth and protect shareholder interests[71]. - The company’s cash dividend policy aligns with the regulations set by the China Securities Regulatory Commission and aims to protect the rights of minority shareholders[71]. - The company’s independent directors fulfilled their responsibilities, ensuring compliance and transparency in the dividend distribution process[71]. Corporate Governance and Management - The company has a diverse board with members holding various positions in other organizations, enhancing its governance structure[104]. - The independent directors have significant experience in academia and industry, contributing to the company's strategic direction[103]. - The company is focused on maintaining stability in its management team, with all current directors serving since November 2012[100]. - The management team includes individuals with extensive backgrounds in finance, engineering, and education, which supports the company's operational strategies[101]. - The company has implemented a strict insider information management system, with no reported insider trading incidents during the reporting period[113]. Risk Management and Future Outlook - The company emphasizes the importance of risk factors in its forward-looking statements, advising investors to be cautious[9]. - The company faces macroeconomic and policy risks, which it plans to address by leveraging its industry chain advantages and enhancing management capabilities[69]. - Future outlook remains cautious, with no specific guidance provided for upcoming financial performance[100]. - The company plans to continue focusing on capital management and profit retention strategies to enhance shareholder value in the future[155]. Financial Position and Assets - The company’s total assets decreased by 2.41% to RMB 6.55 billion at the end of 2013 compared to the previous year[27]. - The total assets of Shanghai Tongji Science and Technology Co., Ltd. as of December 31, 2013, amounted to CNY 6,554,840,049.15, a decrease from CNY 6,716,565,117.61 at the beginning of the year[132]. - The company's total liabilities decreased to CNY 4,285,709,450.34 from CNY 4,564,452,662.77, indicating a reduction in financial obligations[134]. - The total equity increased to CNY 2,269,130,598.81 from CNY 2,152,112,454.84, reflecting a growth in shareholder value[134]. Compliance and Audit - The company received a standard unqualified audit report from Zhonghua Certified Public Accountants[7]. - The audit committee confirmed the authenticity and completeness of the annual report and recommended the reappointment of the auditing firm for 2014[118]. - The company’s annual report was published without any significant errors or omissions, and a responsibility system for major errors was established[125].