CIWEN(SZ:002343)2014-04-24 16:00Financial Performance - The company's operating revenue for 2013 was CNY 1,458,865,106.30, representing a 7.6% increase compared to CNY 1,355,880,826.61 in 2012[24]. - The net profit attributable to shareholders decreased by 27.66% to CNY 52,323,217.53 from CNY 72,328,806.90 in the previous year[24]. - The net cash flow from operating activities fell by 32.23% to CNY 119,842,840.82, down from CNY 176,843,805.52 in 2012[24]. - The basic earnings per share decreased by 27.66% to CNY 0.2641 from CNY 0.3651 in 2012[24]. - The weighted average return on equity decreased to 4.43% from 6.21% in the previous year[24]. - The net profit after deducting non-recurring gains and losses was CNY 48,196,818.14, a decrease of 21.77% from CNY 61,610,142.10 in 2012[24]. - The company achieved a gross profit of CNY 8,459.02 million, which is a decline of 5.62% year-on-year[35]. - The company’s total assets at the end of 2013 amounted to ¥1,810,000,000, with cash and cash equivalents decreasing by 14.11% to ¥248,389,459.69[56]. Revenue and Sales - The total operating revenue for 2013 reached CNY 1,458.87 million, representing a year-on-year increase of 7.6%[35]. - The main business income was CNY 1,422.18 million, which is an increase of 8.45% from CNY 1,311.34 million in 2012[39]. - Sales volume of PU leather increased by 28.25% to 34,195,062.91 meters in 2013, compared to 26,662,276.23 meters in 2012[39]. - The company’s marketing efforts led to a 10.46% increase in domestic sales, totaling CNY 1,156.87 million[39]. - In 2013, the company's revenue from PU leather reached ¥916,549,550.76, representing a year-on-year increase of 25.1%[54]. Investments and Expenditures - The total R&D expenditure for 2013 was ¥72,222,200, which is a 17.63% increase compared to 2012, accounting for 5.08% of the main business income[49]. - The company achieved a significant reduction in external investment, with a total investment amount of ¥12,737,525.79, down 62.45% from ¥33,922,021.74 in the previous year[66]. - The company has applied for 8 invention patents and 1 utility model patent during the reporting period[37]. - The company’s investment activities generated a net cash outflow of ¥269,699,318.87, which is a 16.24% increase in outflow compared to 2012[51]. Dividends and Shareholder Returns - The company plans to distribute a cash dividend of CNY 2.50 per 10 shares to all shareholders[6]. - The company reported a cash dividend of 2.50 yuan per 10 shares for 2013, totaling 49.53 million yuan, which represents 94.66% of the net profit attributable to shareholders[116]. - The company has a stable profit distribution policy, ensuring that cash dividends account for at least 80% of profit distribution during its mature development stage[116]. Risk Management and Compliance - The company emphasizes the importance of risk factors and corresponding measures in its board report[13]. - The company faces risks from sluggish downstream market demand and the potential failure of new projects to meet expected returns, prompting a need for enhanced marketing and cost management[106]. - The company has not reported any securities investments or holdings in financial enterprises during the reporting period[67][68]. - The company has not reported any litigation situations during the period[74]. Environmental and Social Responsibility - The company has established a comprehensive quality and environmental management system, certified by ISO9001:2008, ISO14001:2004, and TS16949:2009, ensuring high-quality service to customers[69]. - The company emphasized environmental protection by implementing the ISO14001 environmental management system and investing in clean production and waste utilization[120]. - The company actively participated in social welfare activities, supporting local education, culture, and health initiatives, including organizing blood donation drives[120]. Management and Governance - The company is led by experienced professionals with significant industry backgrounds, including awards and recognitions for leadership and contributions[185][186][187]. - The management team includes individuals with diverse expertise in engineering, finance, and law, enhancing the company's strategic capabilities[188]. - The company has maintained stability in its core technical team, with no changes reported during the period[199]. - The total remuneration for directors, supervisors, and senior management during the reporting period amounted to CNY 508.07 million[197]. Shareholder Structure and Changes - The total number of shareholders at the end of the reporting period was 13,395, a decrease from 14,465 five trading days prior to the report[175]. - The largest shareholder, Shen Yunping, holds 11.46% of the shares, totaling 22,700,000 shares, with a decrease of 5,675,000 shares during the reporting period[175]. - The company does not have a controlling shareholder, with the largest shareholder holding only 11.46%[178]. - The total number of shares held by the board members at the end of the period amounted to 72,680,650 shares, with a reduction of 16,407,550 shares during the reporting period[184].