盛达资源(000603) - 2013 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2013 was ¥842,999,312.38, a decrease of 8.65% compared to ¥922,846,493.38 in 2012[22] - The net profit attributable to shareholders for 2013 was ¥289,843,056.44, down 15.8% from ¥344,233,602.12 in the previous year[22] - The basic earnings per share for 2013 was ¥0.57, a decline of 16.18% from ¥0.68 in 2012[22] - The company's net profit for the current period according to Chinese accounting standards is CNY 289,843,056.44, a decrease of 15.8% compared to the previous period's CNY 344,233,602.12[25] - The total sales revenue for 2013 reached CNY 843 million, with a net profit of CNY 290 million, achieving stable operational goals despite market challenges[33] - The company's main business revenue from non-ferrous metal mining was CNY 842.5 million, down 8.66% from CNY 922.3 million in the previous year[37] - The company's main business cost increased by 24.18% to CNY 146.4 million, compared to CNY 117.9 million in the previous year[37] - The company's gross profit margin for the non-ferrous metal mining industry was 82.63%, with a decrease of 4.59% year-on-year[48] - The company's financial expenses for 2013 were CNY -6,537,300.00, a reduction of 46.29% from CNY -12,171,000.00 in 2012, attributed to decreased bank deposit interest[44] Cash Flow and Investments - The net cash flow from operating activities increased by 7.18% to ¥468,918,610.58 in 2013, compared to ¥437,498,128.28 in 2012[22] - The cash flow from investment activities increased by 140.6% compared to the previous year, primarily due to investments in Lanzhou Bank[48] - The net increase in cash and cash equivalents rose by 550.16% compared to the previous year, resulting from external investments and cash dividends[48] - The company invested CNY 126 million to acquire a 5 million share stake in Lanzhou Bank, aiming to diversify income and mitigate the impact of declining metal prices[39] - The company holds a 1.38% stake in Lanzhou Bank, with an initial investment of ¥126 million[57] Assets and Liabilities - The total assets at the end of 2013 were ¥781,045,158.82, representing a decrease of 25.67% from ¥1,050,721,048.05 at the end of 2012[22] - The net assets attributable to shareholders decreased by 32.07% to ¥462,520,672.73 at the end of 2013, down from ¥680,877,981.82 in 2012[22] - The company's long-term equity investments increased to CNY 176,000,000.00, representing 22.53% of total assets, due to investments in Lanzhou Bank[50] - The company's inventory increased to CNY 54,145,850.91, representing 6.93% of total assets, up from 3.89% in the previous year[50] Dividend Policy - The company plans not to distribute cash dividends or issue bonus shares for the year[6] - The company distributed a cash dividend of CNY 504,988,667, representing 99.40% of the distributable profits as of June 30, 2013[35] - The cash dividend policy remains unchanged, with a distribution of 504,988,667 yuan in 2013, representing 174.23% of the net profit attributable to shareholders[88] - The company has committed to a minimum cash dividend ratio of 80% during profit distributions, reflecting its mature development stage and lack of major capital expenditure plans[89] Operational Performance - The company achieved a mining volume of 900,200 tons and a processing volume of 904,500 tons, representing increases of 25.66% and 34.24% respectively compared to the previous year[39] - In 2013, mining output increased by 25.66% and mineral processing output increased by 34.24% compared to the previous year, ensuring operational performance despite market downturns[91] - The average selling prices for silver, lead, and zinc decreased by 13.93%, 5.2%, and 4.75% respectively compared to 2012, impacting overall revenue[33] Risk Management - The company has highlighted potential risks and countermeasures in the board report section of the annual report[14] - The company emphasizes that forward-looking statements do not constitute substantive commitments to investors[6] - The company will monitor market conditions to mitigate cyclical risks associated with the non-ferrous metal industry[80] - The company emphasizes safety production measures to prevent risks associated with natural disasters and equipment failures[80] Corporate Governance - The company has made progress in internal control system construction, completing the internal control manual for its headquarters and subsidiaries by the end of the reporting period[35] - The company has established a robust internal control system that meets regulatory requirements and enhances governance standards[164] - The audit committee confirmed that the accounting firm completed the 2013 audit work effectively, adhering to independent and objective standards[174] - The company maintains complete independence from its controlling shareholder in business, personnel, assets, organization, and finance, ensuring independent accounting and risk management[177] Shareholder Information - The company has 16,179 shareholders at the end of the reporting period, a decrease from 16,583 prior to the report[139] - The largest shareholder, Beijing Shengda Zhenxing Industrial Co., Ltd., holds 45.64% of the shares, totaling 230,497,482 shares[139] - The total number of shares outstanding is 504,988,667[133] Social Responsibility - The company actively engaged in social responsibility by donating 500,000 CNY to earthquake relief efforts in Gansu Province[91] - The company has been recognized as a national-level "green mine" pilot enterprise since December 2012, with zero discharge of mineral processing wastewater[92] - The company maintained compliance with environmental pollution control indicators, with no significant environmental incidents reported during the reporting period[92] Internal Control and Audit - The internal control audit report indicates that the company maintained effective financial reporting internal controls as of December 31, 2013[191] - The audit opinion states that the financial statements fairly present the company's financial position and results of operations for the year ended December 31, 2013[199] - The audit report was issued by Da Hua Accounting Firm, confirming no significant deficiencies in internal controls were noted[192]