OCT(SZ:000069)2014-03-12 16:00Financial Performance - The company's operating revenue for 2013 was CNY 28,156,382,086.85, representing a 26.35% increase compared to CNY 22,284,426,215.77 in 2012[27]. - The net profit attributable to shareholders for 2013 was CNY 4,408,287,914.10, which is a 14.6% increase from CNY 3,849,766,455.36 in the previous year[27]. - The net profit after deducting non-recurring gains and losses was CNY 3,929,574,368.46, reflecting a 2.67% increase from CNY 3,828,290,562.86 in 2012[27]. - The net cash flow from operating activities was CNY 7,197,969,658.09, showing a slight increase of 0.70% compared to CNY 7,147,981,018.00 in the previous year[27]. - The total assets at the end of 2013 amounted to CNY 87,878,764,490.05, a 20.37% increase from CNY 72,998,225,434.54 at the end of 2012[27]. - The net assets attributable to shareholders increased by 19.81% to CNY 23,862,266,506.49 from CNY 19,919,369,077.19 in 2012[27]. - The basic earnings per share for 2013 was CNY 0.6062, up 14.6% from CNY 0.5294 in the previous year[27]. - The weighted average return on equity for 2013 was 20.16%, a decrease of 1.18% from 21.35% in 2012[27]. - The company achieved a net profit attributable to shareholders of CNY 4,408,287,914.10, representing a 15% increase compared to the previous year's CNY 3,849,766,455.36[32]. - Total revenue for the year reached CNY 28.2 billion, a 26% year-over-year growth from CNY 22.8 billion[37]. Visitor and Market Expansion - The company welcomed nearly 30 million visitors to its cultural tourism venues in 2013, reflecting a strong market demand[7]. - The total number of visitors reached 29.23 million, marking a 12% increase year-over-year[38]. - The company launched its sixth Happy Valley theme park in Tianjin and introduced new tourism projects in Shenzhen, Chengdu, Shanghai, and Kunming in 2013[8]. - The company signed contracts for projects in Fuzhou and Shunde, and simultaneously commenced two projects in Ningbo, indicating ongoing market expansion[8]. - The company has maintained its status as a leading player in the cultural tourism industry, with ongoing investments in new projects and market expansion strategies[27]. Strategic Initiatives and Future Plans - The company aims to accelerate the development of modern service industry layouts and improve operational efficiency in 2014, focusing on cultural tourism[10]. - The company plans to achieve breakthroughs in "Smart Overseas Chinese Town," mergers and acquisitions, and financial innovation in 2014[10]. - The company plans to continue expanding its cultural tourism business and enhance operational efficiency in its real estate segment[38]. - The company will focus on innovation by integrating internet thinking and new technologies into traditional business models, particularly in response to the challenges posed by the emergence of the internet, IoT, and cloud computing[71]. - The company aims to expand its tourism business by enriching its product line and enhancing resource integration, particularly in the theme park sector, to strengthen its competitive position[73]. - The company plans to accelerate the construction of new projects, including the Beijing Happy Valley Phase III and Shanghai Happy Valley Ocean projects, with openings scheduled for the summer[76]. - The company will actively seek investment opportunities in urbanization and expand its cultural tourism projects in key cities within the Yangtze River Delta, Pearl River Delta, and Beijing-Tianjin-Hebei regions[78]. Dividend Policy and Shareholder Returns - In 2013, the company distributed a cash dividend of 0.7 yuan per 10 shares to all shareholders, based on the total share capital as of December 31, 2013[4]. - The profit distribution plan for 2013 includes a cash dividend of 0.7 CNY per 10 shares (tax included), with no bonus shares issued[83]. - In 2013, the total cash dividend amounted to approximately 509 million CNY, representing 11.55% of the net profit attributable to shareholders[86]. - The cash dividend for 2012 was also 509 million CNY, which accounted for 13.22% of the net profit attributable to shareholders[86]. - The company has a policy that cash dividends should account for at least 20% of profit distribution during its growth phase[86]. Investments and Acquisitions - The company made significant external investments totaling CNY 1.71 billion, a 701.17% increase compared to the previous year's CNY 213.19 million[58]. - The company completed the acquisition of land from the parent company for approximately 662.6 million CNY, which is expected to enhance land reserves[93]. - The company acquired control of 招商华侨城, impacting net profit by CNY 165 million during the reporting period[69]. - The total revenue for the acquired company, China Merchants Overseas Chinese Town, from the acquisition date to the end of the year was RMB 1,744,228,916.59[99]. - The net profit for the same period was RMB 165,866,169.31[99]. Corporate Governance and Compliance - The company has implemented strict compliance with laws and regulations to enhance corporate governance and internal control systems[154]. - The audit committee held 4 meetings during the reporting period, with all members present and fulfilling their responsibilities[159]. - The company’s independent directors did not raise any objections to company matters during the reporting period[158]. - The company’s board of directors was re-elected in August 2013, establishing a new audit committee and nominating committee[160][162]. - The company has revised its internal control self-assessment report and submitted it for board review[159]. Employee and Management Information - The company has a total of 21,454 employees, including 2,586 management personnel and 1,147 marketing and sales personnel[150]. - The total compensation for directors, supervisors, and senior management amounted to 10,475,892 RMB, excluding independent directors' compensation[141]. - The total remuneration for the president, Hou Songrong, was 1,302,535 RMB, including 1,231,867 RMB from the controlling shareholder, Overseas Chinese Town Group[142]. - The company’s senior management compensation structure includes basic salary, performance bonuses, and benefits, with bonuses determined by the board based on strategic goal achievement[146].