2014-03-28 16:00Financial Performance - In 2013, Shanghai Electric reported a net profit of RMB 3,306,591 thousand, with a net profit attributable to shareholders of RMB 2,462,792 thousand according to Chinese accounting standards[7]. - Shanghai Electric's net profit according to Hong Kong Financial Reporting Standards was RMB 2,393,242 thousand[7]. - The company achieved operating revenue of RMB 79.21 billion in 2013, a year-on-year increase of 2.77%[29]. - Net profit attributable to shareholders was RMB 2.46 billion, a decrease of 9.48% compared to the previous year[29]. - The net profit after deducting non-recurring gains and losses was RMB 1.76 billion, down 19.76% year-on-year[29]. - The company reported a net cash flow from operating activities of RMB 7.18 billion, an increase of 7.58% from the previous year[29]. - The total assets at the end of 2013 were RMB 129.29 billion, reflecting an 8.92% increase from the previous year[29]. - The company's total revenue reached 79.215 billion yuan, representing a year-on-year increase of 2.8%, with a gross profit margin of 19.4%[53]. - The company reported a net profit margin of 0.40% for the fiscal year 2013, indicating profitability[116]. - The net profit attributable to shareholders for 2013 was RMB 5,000,000 thousand, which is a 15% increase from the previous year[194]. Dividends and Profit Distribution - The company distributed a cash dividend of RMB 0.7465 per 10 shares, totaling RMB 957,284 thousand[7]. - The net profit attributable to shareholders of the listed company for 2013 was RMB 957.28 million, with a cash dividend payout ratio of 38.87%[87]. - The company is committed to a stable profit distribution policy, with cash dividends expected to be at least 30% of the average distributable profit over the last three years[82]. Revenue Segments - The new energy segment generated revenue of RMB 5.89 billion, a decrease of 10.9% year-on-year, with wind power product revenue increasing by 14.1%[30]. - The efficient clean energy segment reported revenue of RMB 32.87 billion, down 8.6% year-on-year, while the power transmission and distribution business grew by 7.6%[31]. - The industrial equipment segment reported revenue of 25.467 billion RMB, a year-on-year increase of 7.2%, with elevator business revenue growing by 29%[33]. - The modern service industry segment achieved revenue of 20.349 billion RMB, a year-on-year increase of 3.8%, primarily due to growth in power station service and transmission and distribution engineering[35]. Investments and Financing - The company’s investment activities saw a net cash outflow of 5.311 billion RMB, an increase of 89.96% compared to the previous year, primarily due to increased loans to related companies[36]. - The company issued bonds totaling RMB 20 billion in 2013, with a 4.5% interest rate for 3-year bonds and 4.9% for 5-year bonds[62]. - The company has committed to invest in various projects, including a nuclear power project and a wind power base, with specific funding allocations[63]. - The company has significant stakes in several other listed companies, including 47.35% in Shanghai Mechanical and Electrical Co., Ltd.[118]. Risk Management and Compliance - The company emphasizes the importance of risk awareness regarding forward-looking statements in its reports[8]. - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[8]. - There were no violations of decision-making procedures regarding external guarantees[8]. - The company has no entrusted financial management or loan activities for the reporting year[61]. - The company is actively addressing risks related to market fluctuations, overseas operations, and currency exchange rates to safeguard its interests[80][81]. Corporate Governance and Management - The company engaged Ernst & Young Hua Ming as its auditor, which issued a standard unqualified audit opinion[6]. - The management team includes experienced professionals with over 30 years in industrial management, enhancing the company's strategic direction[124][125][126]. - The company has established a comprehensive internal control system, including various financial reporting-related internal control measures[171]. - The audit committee proposed strengthening accounts receivable management, internal control defect rectification, and risk control for overseas projects during the reporting period[161]. Future Outlook and Strategy - The company aims for net profit growth in 2014 compared to 2013, focusing on core industry stability[75]. - The company plans to increase its market share, gross margin, and return on equity by enhancing core industries and technological innovation[75]. - Future guidance indicates a targeted revenue growth of 10% for the upcoming fiscal year, driven by increased demand in key markets[116]. - The company is exploring new business models and partnerships with SMEs to foster new business development[75]. Shareholder Information - The total number of shares is 12,823,626,660, with 100% being tradable shares[104]. - The largest shareholder, Shanghai Electric Group, holds 57.78% of the shares, totaling 7,409,597,802 shares[107]. - The company has 132,638 shareholders as of the end of the reporting period[107]. - The company has not issued any new securities in the past three years[105].