Camel Group(SH:601311)2015-04-09 16:00Financial Performance - The net profit attributable to shareholders for 2014 was CNY 671,240,747, an increase of 27.89% compared to CNY 524,848,468.93 in 2013[2]. - Operating revenue for 2014 reached CNY 5,167,187,199.63, reflecting an 11.85% growth from CNY 4,619,611,191.90 in 2013[24]. - The net profit attributable to shareholders was 671.24 million RMB, reflecting a year-on-year growth of 27.89%[33]. - Basic earnings per share increased to 0.79 RMB, up 27.42% from the previous year[25]. - The company achieved operating revenue of ¥5,167,187,199.63 in 2014, representing a year-on-year growth of 11.85% compared to ¥4,619,611,191.90 in the previous year[38]. - The company reported a net profit growth of 56.97% compared to the previous year, meeting the performance growth requirement for the first phase of restricted stock[51]. - The company reported a total comprehensive income of CNY 451,889,422.93 for the year, indicating a significant contribution to the overall equity[190]. Assets and Liabilities - Total assets as of the end of 2014 amounted to CNY 5,933,043,857.63, up 12.35% from CNY 5,280,747,550.59 in 2013[24]. - The net assets attributable to shareholders at the end of 2014 were CNY 4,021,742,812.11, a 15.61% increase from CNY 3,478,835,264.79 in 2013[24]. - The company's total liabilities and equity amounted to ¥5,933,043,857.63, consistent with the total assets, indicating a balanced financial position[166]. - Current liabilities rose to ¥890,025,696.16 from ¥817,697,411.79, an increase of about 8.83%[165]. - Non-current liabilities slightly increased to ¥893,105,475.26 from ¥887,047,416.83, showing a marginal growth of 0.64%[165]. Cash Flow - Cash flow from operating activities for 2014 was CNY 260,917,715.53, a decrease of 54.88% compared to CNY 578,215,937.02 in 2013[24]. - The net cash flow from operating activities for the year was ¥260,917,715.53, a decrease of 54.8% compared to ¥578,215,937.02 in the previous year[179]. - The total cash inflow from operating activities amounted to ¥5,144,644,032.02, up from ¥4,621,334,232.37, reflecting a growth of 11.3%[179]. - The net cash flow from investment activities was -¥534,393,081.23, an improvement from -¥987,437,508.82 in the previous year[179]. - The total cash and cash equivalents at the end of the period were ¥226,434,765.24, down from ¥737,301,922.47 at the beginning of the year[180]. Investments and Acquisitions - The company completed investments totaling 720 million RMB, with significant projects like the second phase of the Camel Xiangyang Company and Camel Plastics Company now in production[33]. - The company successfully acquired Yangzhou Apollo Battery Co., Ltd., enhancing its national strategic layout[33]. - The company acquired 100% equity of Apollo Company for 189.19 million RMB, a 2,939.39% increase compared to the previous year[61]. - The company reported investment income of ¥65,179,561.72, significantly higher than ¥16,449,824.61 from the previous period, marking a growth of 296.36%[172]. Shareholder Returns - The company plans to distribute a cash dividend of CNY 1 per 10 shares to all shareholders, totaling CNY 157,589,243.75 for the year[2]. - The total cash dividends distributed in 2014 amounted to CNY 85,163,575, representing 12.69% of the net profit attributable to shareholders[81]. - The company proposed a cash dividend of CNY 1 per 10 shares for 2014, which is a decrease from CNY 1.85 per 10 shares in 2013[80]. - The company’s cash dividend distribution policy requires a minimum of 30% of the average distributable profit over the last three years to be distributed as cash dividends, subject to board approval[80]. Research and Development - The total R&D expenditure for the period was ¥197,538,625.48, accounting for 4.76% of net assets and 3.82% of operating revenue[47]. - The company’s research and development capabilities have significantly improved, leading to the introduction of multiple new products[60]. - The company has invested in R&D for new products, emphasizing user-friendly, durable, and cost-effective solutions[72]. Market Position and Strategy - The company maintained its position as the market leader in the domestic automotive starting battery industry, ranking first in market share[60]. - The company is focusing on product structure transformation and aims to enhance its technological advantages in the automotive starter battery sector[73]. - The company plans to expand its international market presence and increase overseas investments[74]. - The company is committed to developing a circular economy and extending its industrial chain to increase product value[74]. Governance and Compliance - The company has strengthened its governance structure in compliance with relevant laws and regulations, ensuring effective checks and balances[144]. - The company’s board includes independent directors with diverse backgrounds, enhancing governance and oversight[131]. - The company has developed a whistleblower protection system to safeguard the interests of the company and its shareholders[144]. Employee and Management - The total number of employees in the company and its main subsidiaries is 5,232, with 140 in the parent company and 5,092 in subsidiaries[136]. - The company has a significant number of technical personnel, indicating a focus on innovation and product development[136]. - The total remuneration for directors, supervisors, and senior management from the company amounted to 2.4223 million yuan (before tax) for the year[135]. - The company has implemented a performance evaluation mechanism for senior management, linking compensation to economic performance and achievement of set targets[152].