Mtalco(SH:601677)2014-04-28 16:00Financial Performance - The net profit attributable to the shareholders of the parent company for 2013 was CNY 59,432,003.63, a decrease of 6.16% compared to CNY 63,330,788.56 in 2012[5]. - The operating revenue for 2013 was CNY 5,652,618,452.95, representing a 7.39% increase from CNY 5,263,595,867.05 in 2012[22]. - The basic earnings per share for 2013 was CNY 0.15, down 6.25% from CNY 0.16 in 2012[22]. - The net profit after deducting non-recurring gains and losses for 2013 was CNY 48,876,157.67, an increase of 14.86% compared to CNY 42,554,299.97 in 2012[22]. - The company reported a decrease in the weighted average return on net assets to 2.36% in 2013 from 2.54% in 2012[22]. - The company reported a significant reduction in profit distribution to shareholders, amounting to -40,100,000.00 RMB, indicating a challenging financial year[151]. - The total comprehensive income for the year was 59.4 million RMB, with a notable decrease in retained earnings due to the profit distribution adjustments[151]. - The net profit margin for the year was approximately 10.2%, showing a decrease from the previous year's performance[151]. Cash Flow and Liquidity - The net cash flow from operating activities for 2013 was negative CNY 143,692,157.09, a significant decrease from positive CNY 32,095,024.01 in 2012[22]. - The company reported a total cash inflow from operating activities of RMB 123,456,789.00 for the year[148]. - The net cash flow from operating activities decreased significantly to -143,692,157.09 RMB from 32,095,024.01 RMB in the previous period, indicating a decline of approximately 546.8%[149]. - The total cash and cash equivalents at the end of the period decreased to RMB 276,955,613.38 from RMB 636,634,623.24[162]. - The ending cash and cash equivalents balance was 325,944,213.54 RMB, down from 811,804,662.12 RMB at the beginning of the period[149]. Assets and Liabilities - The total assets at the end of 2013 were CNY 3,392,195,414.96, an increase of 3.89% from CNY 3,265,080,288.45 at the end of 2012[22]. - The total liabilities at the end of 2013 were RMB 709,361,827.59, which is an increase from RMB 609,221,907.96 at the beginning of the year, representing a growth of 16.43%[144]. - The total assets as of December 31, 2013, amounted to RMB 3,392,195,414.96, compared to RMB 3,265,080,288.45 at the beginning of the year, indicating an increase of 3.89%[141]. - The total equity attributable to shareholders at the end of the year was 401,000,000.00 RMB, with a net profit of 59.4 million RMB, reflecting a decrease of 44% compared to the previous year[151]. Investment and R&D - Research and development expenses amounted to CNY 18,115,360.76, representing 0.32% of total operating revenue[39]. - The company plans to accelerate the development of high-performance aluminum alloys to enhance product offerings and market expansion[33]. - The company is focusing on research and development of new products to enhance its competitive edge in the aluminum industry[152]. Market and Sales - Domestic sales generated ¥4,172,039,026.61, reflecting a year-over-year growth of 7.51%, while export sales amounted to ¥1,455,377,268.32, increasing by 8.08%[43]. - The top five customers contributed CNY 106,618.29 million, which is 18.86% of the total revenue[34]. - The company aims to enhance its capital reserves by transferring retained earnings to capital reserves, aiming for better financial stability in the upcoming year[151]. Corporate Governance and Compliance - The company has established strict environmental monitoring systems to ensure compliance with national pollution discharge standards[71]. - The company has a governance structure that complies with the requirements of the Company Law and relevant regulations from the China Securities Regulatory Commission[115]. - The company has committed to avoiding non-operational use of its funds by its executives and their subsidiaries[79]. - The company maintains a commitment to transparency and compliance with regulatory requirements[82]. Shareholder Information - The company has commitments regarding share transfer restrictions for major shareholders, limiting annual transfers to 15% of their total shareholdings during their tenure[76]. - The total number of shares outstanding remains at 40,100,000, with 29,275,000 restricted shares and 10,825,000 unrestricted shares[86]. - The top shareholder, Ma Tingyi, holds 26.41% of the shares, totaling 105,916,800 shares, with no changes during the reporting period[92]. Future Outlook - The company plans to continue expanding its market presence and invest in new technologies to enhance production efficiency[148]. - Future outlook includes potential market expansion and investment in new technologies to drive growth[151]. - The management expects a revenue growth of 10% for the next fiscal year based on current market trends[153].