EBEM(SH:603002)2014-04-17 16:00Financial Performance - The net profit attributable to shareholders for 2013 was RMB 67,310,485.81, an increase of 40.98% compared to RMB 47,744,574.46 in 2012[5]. - The company's operating revenue for 2013 was RMB 1,207,385,292.37, a decrease of 1.88% from RMB 1,230,485,104.43 in 2012[19]. - Basic earnings per share for 2013 were RMB 0.17, reflecting a 30.77% increase from RMB 0.13 in 2012[18]. - The weighted average return on equity increased to 7.77% in 2013 from 6.90% in 2012, an increase of 0.87 percentage points[18]. - The company reported a net profit of RMB 53,028,240.09 after deducting non-recurring gains and losses, which is a 17.51% increase from RMB 45,126,692.68 in 2012[19]. Cash Flow and Assets - The net cash flow from operating activities was RMB 45,505,785.40, a significant decrease of 67.15% compared to RMB 138,518,725.21 in 2012[19]. - The company's total assets at the end of 2013 were RMB 1,343,467,635.82, a decrease of 2.57% from RMB 1,378,937,719.34 at the end of 2012[19]. - The company reported a significant drop in cash and cash equivalents, which decreased by 65.86% to CNY 227,740,105.51[31]. - The company's current assets totaled CNY 1,224,594,825.63, down from CNY 1,259,075,830.45, a decrease of approximately 2.7%[111]. - Cash and cash equivalents decreased significantly from CNY 667,014,804.86 to CNY 227,740,105.51, a decline of approximately 65.9%[111]. Dividends and Shareholder Returns - The company plans to distribute a cash dividend of RMB 0.52 per 10 shares, amounting to RMB 20,800,000, which is 30.9% of the net profit attributable to shareholders[5]. - In 2013, the company distributed cash dividends amounting to 67,310,485.81 RMB, representing a payout of 0.52 RMB per share, with a net profit margin of 30.90%[50]. - The company’s cash dividend policy stipulates that at least 30% of the distributable profit for the year must be distributed in cash[49]. Research and Development - R&D expenses totaled CNY 35,254,851.21, representing 2.92% of operating income and a decrease of 29.63% compared to the previous year[29]. - The company had a total of 11 R&D projects in 2013, with 3 products entering mass production and 8 in pilot testing[29]. - The company has applied for at least 2 patents annually over the past three years, with a total of 13 invention patents granted and 59 non-patent technologies developed[33]. Market and Customer Insights - The top five customers accounted for 30.58% of total sales, with total sales amounting to CNY 369,204,848.64[24]. - The electronic industry contributed 60.58% to total revenue, while the paint industry accounted for 34.46%[24]. - The company has increased customer prepayments, indicating strong demand for its products[33]. Environmental and Regulatory Compliance - The company has been recognized as an environmentally friendly enterprise and has received multiple awards for its clean production practices[42]. - The company maintained compliance with environmental regulations, achieving stable pollutant emissions that met national standards, and received recognition as a "Clean Production Enterprise" in Guangdong Province[51]. - The company has implemented advanced environmental protection technologies to enhance its waste treatment systems, contributing to resource recycling and sustainable development[51]. Corporate Governance and Management - The company has established a governance structure with a board of directors, supervisory board, and management team to ensure orderly operations[93]. - The total number of employees in the parent company is 221, while the main subsidiaries have 15 employees, resulting in a total of 236 employees[89]. - The company has maintained a stable management team with long tenures, contributing to its operational consistency[84]. Shareholder Structure and Changes - The total number of shares before the change was 400,000,000, with a breakdown of 300,000,000 restricted shares (75%) and 100,000,000 unrestricted shares (25%)[61]. - The largest shareholder, EPOXY BASE INVESTMENT HOLDING LTD., holds 210,000,000 shares, accounting for 52.5% of total shares[68]. - The total number of shareholders at the end of the reporting period was 28,657, compared to 27,271 five trading days before the report[68]. Financial Reporting and Compliance - The company’s financial statements comply with the accounting standards and accurately reflect its financial position, operating results, and cash flows[155]. - The company did not report any new product launches or technological advancements in the current financial year[136]. - The company has established a robust internal control system to ensure the effective execution of its responsibilities[102].