英力特(000635) - 2013 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2013 was CNY 2,739,949,306.22, representing a 0.71% increase compared to CNY 2,720,684,906.44 in 2012[22]. - The net profit attributable to shareholders for 2013 was CNY 77,011,964.74, a significant increase of 153.62% from CNY 30,365,616.96 in 2012[22]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 55,422,930.80, up 703.46% from CNY 6,898,054.61 in 2012[22]. - The net cash flow from operating activities was CNY 268,528,221.40, an increase of 28.83% compared to CNY 208,439,827.87 in 2012[22]. - The basic earnings per share for 2013 was CNY 0.254, a 126.79% increase from CNY 0.112 in 2012[22]. - The total assets at the end of 2013 were CNY 3,551,724,657.34, a decrease of 2.05% from CNY 3,625,969,165.04 at the end of 2012[22]. - The net assets attributable to shareholders at the end of 2013 were CNY 2,744,056,292.48, reflecting a 2.38% increase from CNY 2,680,242,919.69 at the end of 2012[22]. - The weighted average return on equity for 2013 was 2.84%, up from 1.32% in 2012[22]. Revenue and Production - The company achieved operating revenue of CNY 273,994.93 million, a year-on-year increase of 0.71%[31]. - Net profit for the period was CNY 77,011,964.74, representing a year-on-year growth of 153.62%[26][31]. - Total profit amounted to CNY 10,576.52 million, up 166.92% compared to the previous year[31]. - Production of calcium carbide reached 481,600 tons, PVC production was 224,500 tons, and P-PVC production was 45,600 tons, with respective year-on-year increases of 9.8%, 1.5%, and 13.2%[31]. - The company reported a significant increase in revenue from calcium carbide, which surged by 170.3% year-on-year to ¥191,777,032.85[57]. - PVC product revenue increased to ¥1,324,611,502.89, reflecting a 6.75% year-on-year growth[57]. Cost Management - The company reduced costs for calcium carbide, PVC, and P-PVC by 11.85%, 9.35%, and 13.01% respectively[31]. - The total cost of goods sold for the chemical industry was ¥1,966,993,931.28, reflecting a year-on-year increase of 2.8%[45]. Cash Flow and Investments - Operating cash inflows totaled ¥1,140,625,275.86, a 17.3% increase compared to the previous year[53]. - The cash and cash equivalents increased by ¥18,810,292.23, marking an 82.01% rise compared to the previous year[53]. - The company has not made any external investments during the reporting period, contrasting with an investment of ¥130,310,000.00 in the previous year[67]. - The company reported a total investment of 500,000 RMB in PVC futures for hedging purposes, with a market value of 1,883,390 RMB at the end of the reporting period[70]. Risk Management - The company has disclosed potential risks that may adversely affect its future development strategies and operational goals[12]. - The company has established a risk control system for its PVC hedging business, ensuring that the margin for opening positions does not exceed 5,000,000 RMB[70]. - The company recognizes risks related to safety, environmental protection, and market competition, and has strategies in place to mitigate these risks[87][90]. Environmental and Social Responsibility - The company invested CNY 45,581,400 in environmental protection, achieving compliance with "three wastes" discharge standards[35]. - The company has maintained normal operation of pollution control facilities, with no environmental pollution incidents reported during the reporting period[101]. - The company has signed a special collective contract to protect the rights of female employees, providing 176,700 yuan worth of sanitary products[183]. Shareholder and Dividend Information - The company plans to distribute a cash dividend of CNY 1 per 10 shares to shareholders based on the total share capital of 303,087,602 shares as of December 31, 2013[4]. - The total cash dividend amount for 2013 was CNY 30,308,760.20, representing 39.36% of the net profit attributable to shareholders[98]. - The company has a policy that mandates a minimum cash dividend ratio of 80% during profit distribution when in a mature development stage[97]. Management and Governance - The company has maintained a stable management team, with all current directors and supervisors having served since at least August 2012[143]. - The independent directors bring diverse expertise, including accounting, law, and engineering, enhancing corporate governance[151]. - The financial oversight is led by Wang Shuping, who has been the chair of the supervisory board since August 2009[155]. Employee Relations - The company employed a total of 2,875 employees, including those from subsidiaries[175]. - The average employee salary increased by 14.87% compared to the previous year[183]. - The company has not experienced any labor disputes throughout the year, ensuring stable labor relations[182].