WBDE(SZ:002082)2014-04-09 16:00Financial Performance - The company's operating revenue for 2013 was ¥11,786,336,488.86, representing a 7.41% increase compared to ¥10,972,922,380.31 in 2012[24]. - The net profit attributable to shareholders for 2013 was ¥111,557,566.04, which is a 29.10% increase from ¥86,409,313.58 in 2012[24]. - The net profit after deducting non-recurring gains and losses was ¥106,953,653.57, up 29.83% from ¥82,381,550.66 in 2012[24]. - The net cash flow from operating activities was ¥234,352,539.88, a 15.60% increase from ¥202,732,245.67 in 2012[24]. - The basic earnings per share for 2013 was ¥0.47, reflecting a 30.56% increase from ¥0.36 in 2012[24]. - The total operating revenue for the year reached ¥11,786,336,488.86, an increase of 7.4% compared to ¥10,972,922,380.31 in the previous year[175]. - Net profit for the year was ¥117,256,803.56, representing a 29.0% increase from ¥90,943,048.18 in the prior year[176]. - Earnings per share (EPS) increased to ¥0.47 from ¥0.36, marking a growth of 30.6%[176]. Assets and Liabilities - The total assets at the end of 2013 were ¥1,548,958,988.90, a decrease of 1.12% from ¥1,566,503,777.52 at the end of 2012[24]. - The company's total liabilities decreased from CNY 469,092,234.87 to CNY 361,072,642.69, indicating a reduction of approximately 23.1%[169]. - The total equity attributable to shareholders increased from CNY 1,085,691,223.77 to CNY 1,178,208,789.81, reflecting a growth of about 8.5%[169]. - Cash and cash equivalents at the end of the period were CNY 280,937,554.48, up from CNY 277,624,438.50, showing a slight increase of 1.2%[167]. - The company's short-term borrowings decreased from CNY 285,000,000.00 to CNY 94,000,000.00, a reduction of approximately 67.0%[169]. - The total current liabilities decreased from CNY 449,931,138.75 to CNY 344,894,356.17, indicating a decrease of about 23.3%[169]. Operational Highlights - The sales volume of aluminum profiles increased by 3.56% to 86,921 tons, while the production volume rose by 3.86% to 86,424 tons[35]. - The revenue from non-ferrous metal trade increased by 10.39% to CNY 94,577.15 million, while the revenue from non-ferrous metal processing decreased by 3.33% to CNY 23,172.79 million[34]. - The company expanded its sales network in 2013, adding multiple sales points and strengthening its distributor team[31]. - The inventory of aluminum profiles decreased by 10.64% to 4,175 tons, indicating improved inventory management[35]. Research and Development - Research and development expenditure decreased by 3.39% to CNY 47.49 million[31]. - Research and development expenditure for the year was CNY 47,490,600, accounting for 4.00% of the company's audited net assets and 0.40% of operating revenue[43]. - The company has developed a series of energy-saving and environmentally friendly products, including 1 invention patent and 2 utility model patents, along with 118 design patents[52]. Market and Industry Outlook - The company anticipates continued strong demand for aluminum profiles due to ongoing urbanization and government housing projects, which will drive growth in the sector[60]. - The company is positioned to benefit from government initiatives promoting green building materials, which will enhance demand for its energy-saving aluminum products[61]. - The company will focus on government-subsidized housing projects to compensate for the decline in commercial housing sales[63]. Risk Factors - The company faced risks from macroeconomic fluctuations, real estate industry volatility, and raw material price changes[14]. - The real estate industry's downturn significantly impacts the company's sales of aluminum alloy profiles used in construction[65]. - The cost of electrolytic aluminum, which constitutes approximately 75% of the company's main business costs, significantly affects profitability[66]. Corporate Governance - The company has independent directors, including Wu Chongguo and He Jianxiang, who received no remuneration during the reporting period[113]. - The company has a remuneration and assessment committee to review the performance of directors and senior management[111]. - The company’s board of directors guarantees the accuracy and completeness of the report, with no false records or misleading statements[153]. Shareholder Information - The total number of shares is 238 million, with 63.91 million shares subject to trading restrictions, accounting for 26.85%[94]. - The largest shareholder, Lu Zhibao, holds 18.88% of the shares, totaling 44,943,360 shares, with no changes during the reporting period[99]. - The total number of shareholders at the end of the reporting period was 29,473, compared to 29,789 five trading days before the annual report disclosure[98]. Financial Assistance and Investments - The company provided financial assistance of 60 million yuan to Qinghai Wuchan International Trade Co., with a guarantee from Qinghai Material Group[90]. - As of December 31, 2013, the company successfully recovered the 60 million yuan financial assistance[90]. - The company made an external investment of 1 million RMB during the reporting period, marking a 100% increase compared to the previous year[53]. Employee Information - As of December 31, 2013, the company and its subsidiaries had a total of 1,157 employees, with production personnel accounting for 78.82% of the workforce[116]. - The educational background of employees shows that 67.33% have a high school education or below, while only 5.62% hold a bachelor's degree or higher[117]. - The company follows a competitive and performance-oriented compensation policy, ensuring that employee salaries are stable and competitive[119].