xldz(SZ:002546)2014-03-25 16:00Financial Performance - The company's operating revenue for 2013 was CNY 543,104,750.58, a decrease of 9.14% compared to CNY 597,770,885.52 in 2012[26]. - The net profit attributable to shareholders for 2013 was CNY 148,303,861.12, down 14.02% from CNY 172,492,688.92 in the previous year[26]. - The net profit after deducting non-recurring gains and losses was CNY 127,464,631.96, representing a decline of 24.25% compared to CNY 168,259,651.81 in 2012[26]. - Basic earnings per share decreased by 14.56% to CNY 0.88 from CNY 1.03 in 2012[26]. - The company's total revenue for 2013 was ¥543,104,750.58, a decrease of 9.14% compared to the previous year, with a gross margin of 41.06%[54]. - The company reported a government subsidy of CNY 10,883,367.00, primarily for the demolition compensation of old factory buildings[28]. - The company experienced a loss of CNY 3,654,761.42 from the disposal of non-current assets[28]. Cash Flow and Investments - The net cash flow from operating activities increased by 16.34% to CNY 206,101,603.83 from CNY 177,159,221.31 in 2012[26]. - The net cash flow from operating activities increased by 16.34% to ¥206,101,603.83 in 2013, while cash flow from investment activities showed a significant decline, with a net outflow of ¥565,198,376.06[50]. - The company has a robust cash position and plans to use funds prudently to ensure sustainable development[111]. - The company has a total of 125,200 million CNY in entrusted financial management funds, with 70,200 million CNY reported for the reporting period[77]. Assets and Liabilities - Total assets at the end of 2013 were CNY 1,421,801,604.37, an increase of 6.52% from CNY 1,334,743,501.90 at the end of 2012[26]. - The net assets attributable to shareholders increased by 7.05% to CNY 1,231,070,679.92 from CNY 1,149,966,818.80 in 2012[26]. - The company's fixed assets increased by 5.81% to ¥203,653,001.7, mainly due to new purchases of factory buildings and the transfer of construction projects to fixed assets[57]. - The company reported no violations regarding external guarantees and confirmed no contingent liabilities from guarantees[153]. Research and Development - The company’s R&D investment rose by 9.8% to 34.06 million yuan[36]. - Research and development expenses for 2013 amounted to ¥34,058,100, representing a 9.8% increase year-on-year, accounting for 6.27% of the latest audited operating income[49]. - The company plans to enhance market expansion efforts and increase market share in the electric information collection business[107]. - The company aims to accelerate product innovation and R&D investment, focusing on integrating power equipment technology[107]. Market Position and Strategy - The company has a leading market share in the 230M dedicated network terminal sector, with its products recognized as high-tech by the Jiangsu Provincial Science and Technology Department[64]. - The company plans to expand its product line towards distribution network automation and smart primary equipment, transitioning from a pure supplier of electricity information collection systems to a smart power equipment supplier[106]. - The smart electricity information collection system is identified as a rapidly growing sub-industry within the smart grid construction, driven by the overall development of the power industry[101]. - The company is positioned to benefit from the urbanization process, which presents significant opportunities for the development of distribution networks[103]. Shareholder and Governance - The company has a total of 168 million shares, with 69.36% being limited shares and 30.64% being unrestricted shares[169]. - The company has maintained stable shareholding among its key executives, with no significant changes reported[185]. - The total remuneration for directors, supervisors, and senior management during the reporting period amounted to 3.148 million yuan, with an additional 140,000 yuan from shareholder units[198]. - The company has undergone a board re-election on December 27, 2013, with several new appointments including Li Zhaoqiu and Gu Dili as independent directors[200]. Risk Management - The company has identified risks related to industry policy changes and talent shortages, with strategies to mitigate these risks[112][113]. - The company has not encountered any violations in the use of raised funds during the reporting period[86]. - The company has established a comprehensive quality management system to monitor product quality throughout the entire process, enhancing customer satisfaction and loyalty[125]. Dividend and Profit Distribution - The company plans to distribute a cash dividend of CNY 4.00 per 10 shares, totaling 67.2 million CNY, and to increase capital by 5 shares for every 10 shares held[123]. - In 2013, the cash dividend payout ratio was 45.31% of the net profit attributable to shareholders[121]. - The company has maintained a cash dividend payout ratio of 100% of the total profit distribution[123].