JLGF(SZ:000712)2014-03-10 16:00Profit Distribution - The company proposed a profit distribution plan to distribute a cash dividend of RMB 2.00 per 10 shares (including tax) to all shareholders as of December 31, 2013[4]. - The board proposed a cash dividend of CNY 2.00 per 10 shares (including tax), totaling CNY 89,600,000.00 for the year 2013, which represents 100% of the profit distribution[99][101]. - The company’s cash dividend for 2013 represents a payout ratio of 169.45% of the net profit attributable to shareholders[99]. - The company’s cash dividend policy requires that cumulative cash distributions over three years should not be less than 50% of the average distributable profits[98]. - The company did not distribute any profits in 2011, while in 2012, it distributed CNY 44,800,000.00, which was 189.88% of the net profit attributable to shareholders[99]. Financial Performance - The total revenue for 2013 was CNY 343,029,577.82, an increase of 261.87% compared to CNY 94,794,465.99 in 2012[20]. - The net profit attributable to shareholders was CNY 52,876,440.85, reflecting a growth of 124.12% from CNY 23,593,370.62 in the previous year[20]. - The net cash flow from operating activities reached CNY 282,453,728.90, a significant increase of 763.15% compared to CNY 32,723,518.05 in 2012[20]. - The basic earnings per share rose to CNY 0.118, up 76.12% from CNY 0.067 in 2012[20]. - The total assets at the end of 2013 amounted to CNY 10,285,825,031.75, an increase of 279.14% from CNY 2,712,917,911.81 in 2012[20]. - The company’s weighted average return on equity was 2.37%, an increase of 0.59 percentage points from 1.78% in the previous year[20]. - The total non-recurring gains and losses for 2013 amounted to CNY 3,546,872.70, compared to CNY 863,015.35 in 2012[26]. Business Operations - The company reported a transition in its main business focus from textiles to water supply and securities services[17]. - The company’s main operating businesses now include securities and water supply services, reflecting a strategic shift in operations[17]. - The company completed the acquisition of 66.0517% of Zhongshan Securities in September 2013, increasing its stake to 60.15%[17]. - The company acquired a 0.7665% stake in Dongguan Rural Commercial Bank in June 2013, further expanding its financial services[17]. - The revenue from the securities business was CNY 23,228.23 million, while the water supply business generated CNY 11,074.73 million, a 16.83% increase year-on-year[29]. Investments and Acquisitions - The company completed the acquisition of a 0.7665% stake in Dongguan Rural Commercial Bank in June 2013 and gained control of Zhongshan Securities in September 2013[28]. - The company holds a 61.62% equity stake in Zhongshan Securities, with an initial investment cost of CNY 2,421,500,000 and a reported profit of CNY 28,344,976.75 during the reporting period[58]. - The total amount of external investments during the reporting period reached CNY 2,577,580,000, a significant increase of 25,675.80% compared to the previous year's CNY 10,000,000[57]. - The company acquired a 66.0517% stake in Zhongshan Securities for a transaction price of 259.55 million yuan, enhancing its investment capabilities in the financial sector[113]. Risk Management - The company emphasized the importance of risk factors affecting future development and outlined corresponding countermeasures[12]. - The company has implemented a robust internal governance mechanism, which has helped mitigate market and policy risks over its 20 years of operation[50]. Governance and Compliance - The company has implemented effective employee training programs to improve business skills and cultural quality, fostering employee development[104]. - The company maintains a strict governance structure in compliance with relevant laws and regulations, ensuring independence from controlling shareholders[161]. - The company has established a transparent information disclosure process, ensuring equal access to information for all investors[164]. - The audit committee confirmed that the financial statements for 2013 accurately reflect the company's overall situation, with no objections to the auditor's opinion[173]. Shareholder Information - The total number of shares is 448,000,000, with 50.01% being restricted shares and 49.99% being unrestricted shares[136]. - The largest shareholder, Dongguan New Century Science and Education Development Co., Ltd., holds 50.01% of the shares, totaling 224,055,636 shares[141]. - The number of shareholders increased from 9,768 to 13,247 during the reporting period[141]. - The top ten shareholders do not have any known relationships or agreements that would classify them as acting in concert[142]. Employee Information - The company employed a total of 1,417 staff members, with 54.83% engaged in brokerage services[158]. - The total remuneration for directors, supervisors, and senior management in 2013 was CNY 4.1931 million[155]. - The company has a total of 34 research personnel, accounting for 2.40% of the workforce[158]. Internal Controls - There were no significant internal control deficiencies reported during the period, indicating effective internal control measures[185]. - The internal control audit report confirmed that the company maintained effective financial reporting internal controls as of December 31, 2013[186].