漳州发展(000753) - 2013 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2013 was CNY 3,060,357,743.52, representing a 12.33% increase compared to CNY 2,724,481,902.34 in 2012[20] - The net profit attributable to shareholders for 2013 was CNY 112,227,505.73, a 34.08% increase from CNY 83,700,305.53 in 2012[20] - The basic earnings per share for 2013 was CNY 0.27, up 35% from CNY 0.20 in 2012[20] - The total assets at the end of 2013 amounted to CNY 3,426,566,180.57, an 18.48% increase from CNY 2,892,049,479.17 at the end of 2012[20] - The net assets attributable to shareholders at the end of 2013 were CNY 822,596,857.98, a 14.78% increase from CNY 716,694,269.23 at the end of 2012[20] - The net cash flow from operating activities for 2013 was CNY 32,671,101.86, a significant recovery from a negative cash flow of CNY -331,775,234.40 in 2012[20] - The weighted average return on net assets for 2013 was 14.58%, an increase of 2.18% from 12.40% in 2012[20] Business Segments - The water service segment generated revenue of 126 million yuan, with a net profit of 14.03 million yuan, and supplied 78.65 million cubic meters of water[25] - The automotive trade business reported revenue of 1.50 billion yuan, accounting for 50.12% of total revenue, with a year-on-year increase of 42.77%[31] - The trade segment's revenue was 790 million yuan, down 15.19% year-on-year, with export trade declining by 14.21%[26] - The real estate development segment achieved total sales of 363 million yuan, with a profit of 39.85 million yuan[27] - The construction segment generated revenue of 286 million yuan, with a profit of 30.83 million yuan, focusing on water engineering and housing construction[29] Dividend Policy - The company plans to distribute a cash dividend of CNY 0.50 per 10 shares to all shareholders based on the total share capital as of December 31, 2013[7] - The cash dividend payout ratio for 2013 was 18.32% of the net profit attributable to shareholders, which was 112,227,505.73 CNY[84] - The company plans to distribute at least 30% of the average distributable profit over the next three years, with cash dividends making up no less than 20% of the total profit distribution[79] - For 2013, the company announced a cash dividend of 0.5 CNY per 10 shares, amounting to 20,559,670.15 CNY, with a total share capital of 411,193,403 shares[82] Investments and Acquisitions - The company transferred 8% of its shares in Fujian Zhangzhou Rural Commercial Bank, contributing to profit growth[29] - The company transferred an 8% equity stake in Fujian Zhangzhou Rural Commercial Bank, amounting to 64,896,000 shares, for a total of RMB 234.92 million at a price of RMB 3.62 per share[57] - The company acquired 13 plots of state-owned construction land for a total price of RMB 304.9 million, covering an area of 406.01 acres, located in a prime area of Zhangpu County[65] Corporate Governance - The company has established comprehensive governance rules and regulations, ensuring compliance with the Company Law and relevant regulations from the China Securities Regulatory Commission (CSRC)[154] - The company has maintained a clear and transparent cash dividend policy, ensuring the protection of minority shareholders' rights[80] - The audit committee reviewed the 2013 financial statements and internal control reports, confirming their accuracy and completeness[166] Social Responsibility - The company actively fulfills its social responsibilities and published its seventh social responsibility report in 2013[86] Future Plans - The company plans to focus on strengthening its main business operations and expanding its capital[93] - The company plans to actively promote the adjustment of water supply prices and expedite the expansion of water treatment facilities to ensure safe water supply in urban areas[70] - The company aims to explore unique business paths in response to market saturation in surrounding cities, focusing on the development potential of Zhangzhou[52] Employee and Management - The total remuneration paid to directors, supervisors, and senior management during the reporting period amounted to CNY 4.1831 million[144] - The company had a total of 1,613 employees as of December 31, 2013, with 111 retirees[148] - The company has implemented a performance-based employee compensation system and an enterprise annuity system for better retirement security[148] Financial Management - The company successfully issued RMB 150 million in private bonds and RMB 200 million in short-term financing bonds to support its funding needs[74] - The company plans to issue corporate bonds not exceeding 350 million RMB, with a term of up to five years, to repay bank loans and supplement working capital[113] Risk Management - The company did not encounter any risks during the reporting period, as confirmed by the supervisory board[173] - The company has developed internal accountability and financial risk management systems to ensure stable operations[152]