ECC(SH:600850)2014-04-24 16:00Financial Performance - The company achieved a net profit attributable to shareholders of RMB 239,689,648.09 in 2013, representing a 25.45% increase compared to RMB 191,061,067.04 in 2012[4]. - Total revenue for 2013 was RMB 5,368,761,767.56, an increase of 8.17% from RMB 4,963,409,896.76 in 2012[20]. - Basic earnings per share for 2013 were RMB 0.7450, up 25.46% from RMB 0.5938 in 2012[20]. - The net profit attributable to shareholders was 239 million RMB, with a year-on-year growth of 25.45%, while the net profit excluding non-recurring gains and losses decreased by 3.24% to 176 million RMB[27]. - The company reported a net profit margin of 28.96%, indicating strong profitability[101]. - The net profit for the current period was 239,689,648 RMB, reflecting a decrease of 6.81% compared to the previous year[166]. Assets and Liabilities - The total assets increased by 19.56% to RMB 3,680,429,507.55 from RMB 3,078,202,312.61 in 2012[20]. - The company's total assets increased by 19.56% to CNY 3,680,429,507.55, with cash and cash equivalents accounting for 20.68% of total assets[46]. - Total liabilities increased by 29.66% to CNY 2,334,596,734.30, with short-term borrowings rising by 43.66% to CNY 401,323,859.04[46]. - The company's total liabilities were CNY 822,704,356, reflecting a manageable debt level[173]. Cash Flow - The net cash flow from operating activities improved significantly to RMB 73,590,498.92, compared to a negative RMB 62,819,436.00 in 2012, marking a 217.15% increase[20]. - The company reported a cash dividend payout ratio of 30.87% of the net profit attributable to shareholders for 2013[73]. - The net cash flow from operating activities for 2013 was ¥73,590,498.92, a significant improvement compared to a net outflow of ¥62,819,436.00 in the previous year[158]. Research and Development - The company's R&D expenditure totaled 163 million RMB, representing 12.28% of net assets and 3.04% of operating revenue, with a significant increase of 145.19% compared to the previous year[36]. - The company has allocated 93,321,347.2 RMB for research and development in new technologies[168]. Strategic Plans and Market Position - The company aims to achieve a revenue target of RMB 6 billion in 2014, focusing on optimizing core business and expanding market coverage[66]. - The company plans to enhance its software and industry solution offerings, particularly in the education and government sectors, to drive innovation and market breakthroughs[67]. - The company is committed to capital operations to inject innovative momentum into its transformation, including internal equity integration and external strategic partnerships[68]. - The company plans to focus on expanding its market presence and investing in new technologies in the upcoming year[172]. Corporate Governance - The board of directors includes experienced professionals with backgrounds in engineering and finance, enhancing corporate governance[102][104]. - The company has established a governance structure in compliance with relevant laws and regulations, ensuring effective risk management and information disclosure[120]. - The company has implemented a fair and transparent performance evaluation and incentive mechanism for directors and senior management, ensuring compliance with relevant laws and regulations[122]. Shareholder Information - The total number of shares is 321,744,887, with 150,713,387 shares subject to restrictions, accounting for 46.84% of total shares[87]. - The largest shareholder, East China Computer Technology Research Institute, holds 46.05% of shares, totaling 148,165,666[90]. - The company has 12,268 shareholders as of the end of the reporting period, an increase from 11,758 in the previous period[90]. Internal Control and Compliance - The company has established a comprehensive internal control system to ensure compliance and effective management, with no significant defects identified in design or execution[134]. - The internal control audit report for 2013 was issued by Zhonghuan Haihua Accounting Firm, confirming the effectiveness of the internal control system[136]. - The company has made significant improvements in its governance structure, including updates to related party transaction decision-making procedures[125]. Market Trends and Industry Outlook - The software and information service industry in China is expected to grow at an average annual rate of over 20% from 2013 to 2015, with significant opportunities for market consolidation[63]. - The company is exploring potential mergers and acquisitions to strengthen its market position[106].