SD Lomon(SZ:002312)2015-02-12 16:00Financial Performance - The company's operating revenue for 2013 was CNY 898,360,698.79, representing a 36.65% increase compared to CNY 657,421,226.00 in 2012[21]. - The net profit attributable to shareholders for 2013 was CNY 86,570,321.11, a 52.8% increase from CNY 56,656,033.74 in 2012[21]. - The net profit after deducting non-recurring gains and losses was CNY 88,998,470.99, which is a 72.09% increase from CNY 51,714,938.20 in 2012[21]. - The basic earnings per share for 2013 was CNY 0.23, up 43.75% from CNY 0.16 in 2012[21]. - The total profit for 2013 was ¥100,507,339.68, an increase of 43.67% compared to the previous year[25]. - The total operating costs for 2013 amounted to ¥608,085,514.01, which is a 39.36% increase year-on-year, primarily due to increased sales volume[40]. - The company reported a total revenue of 120,732,540 yuan for the year, with a net loss of 7,147,934 yuan, indicating a decline in profitability[77]. - The company achieved a revenue of 11,405,957 RMB, reflecting a significant decrease in net income by 6,074,587.6 RMB[76]. Assets and Liabilities - The total assets at the end of 2013 were CNY 1,761,561,206.71, a 38.65% increase from CNY 1,270,507,458.22 at the end of 2012[21]. - The net assets attributable to shareholders at the end of 2013 were CNY 862,914,120.20, reflecting a 9.08% increase from CNY 791,058,319.37 at the end of 2012[21]. - Cash and cash equivalents decreased by 79.02%, totaling CNY 23,310,315.51[47]. - The company's total assets included CNY 433,726,488.68 in cash, accounting for 24.62% of total assets, a decrease of 12.39% from the previous year[52]. - Short-term borrowings increased to CNY 302,400,000.00, representing 17.17% of total assets, a slight decrease of 0.6%[54]. Cash Flow - The net cash flow from operating activities for 2013 was CNY -26,927,862.33, which is a 32.11% increase in cash outflow compared to CNY -20,382,153.37 in 2012[21]. - The net cash flow from investment activities decreased significantly, mainly due to the use of raised funds and reduced time deposits, as well as increased external investments[48]. - The net cash flow from financing activities increased by 100.71%, attributed to substantial growth in the main business and corresponding increases in bank borrowings[48]. Dividends and Profit Distribution - The company proposed a cash dividend of CNY 0.80 per 10 shares (including tax) for shareholders[3]. - The company declared a cash dividend of 29,588,527.20 CNY for the year 2013, which represents 34.18% of the net profit attributable to shareholders[120]. - The total distributable profit for the year was 328,902,901.58 CNY, with the cash dividend accounting for 100% of the profit distribution[120]. Research and Development - Research and development expenses totaled ¥42,765,209.29 in 2013, a 17.56% increase from ¥36,376,819.29 in 2012, representing 4.76% of operating revenue[44]. - The company plans to increase investment in technology research and development to mitigate risks associated with rapid technological advancements and market demand changes[98]. - The company is focusing on expanding its electronic and electrical product development and technical services[76]. Strategic Initiatives - The company focused on retail financial service innovation, participating in the planning and design of several "community banks" for various banks[29]. - The company plans to continue expanding its product offerings and enhancing its technological capabilities through ongoing R&D initiatives[45]. - The company aims to migrate 80% of general customers to self-service devices, mobile devices, and online banking, while providing enhanced offline services for complex and high-value clients[83]. Market Expansion and Customer Engagement - The "速递易" service platform expanded to over 1,200 communities across more than ten cities, delivering over 5 million packages[25]. - The company plans to expand its "速递易" service to 16 key cities, adding 10 new cities to its existing 6, with a total of 12,000 new service points planned[97]. - A new marketing strategy is being implemented to target younger demographics, which is expected to boost user engagement and retention rates[77]. Governance and Management - The company has a diverse board with members holding significant academic and professional credentials, enhancing governance[181][182][183]. - The company is committed to maintaining a strong governance structure with a mix of experienced professionals and academics on its board[181]. - The decision-making process for executive compensation involves the remuneration and assessment committee, which submits proposals to the board for approval[190]. Social Responsibility - The company actively engaged in social responsibility initiatives, donating over 2.1 million CNY for disaster relief following the Ya'an earthquake in April 2013[128]. - The company has been recognized as "2013 China's Best Employer (Chengdu)" for the third consecutive year, highlighting its strong brand and commitment to social responsibility[126]. Employee and Talent Management - The total number of employees in the company was 7,876, with 763 in the parent company and 7,012 in wholly-owned subsidiaries[200]. - The company has a diverse incentive mechanism to attract talent and provides a favorable growth environment for employees[199]. - The company is experiencing a shortage of high-level talent as its business expands, prompting the need for improved talent acquisition and retention strategies[101].