雪人股份(002639) - 2013 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2013 was CNY 385,643,269.63, representing a 34.62% increase compared to CNY 286,475,721.37 in 2012[22]. - The net profit attributable to shareholders for 2013 was CNY 43,223,915.14, a decrease of 37.26% from CNY 68,890,167.39 in 2012[22]. - Basic earnings per share for 2013 were CNY 0.27, down 37.21% from CNY 0.43 in 2012[22]. - The weighted average return on equity for 2013 was 3.73%, down from 6.13% in 2012[22]. - The company reported a significant decrease in investment amounting to CNY 38.12 million, a decline of 39.97% compared to the previous year[57]. - The total comprehensive income for the year was ¥35,384,858.80, down 48.5% from ¥68,720,408.03 in the previous year[168]. - The company reported a net loss of 1,006,972.21 RMB for its subsidiary, Fujian Snowman Energy Technology Co., Ltd.[68]. - The company’s subsidiary, Hong Kong Snowman Technology Co., Ltd., reported a net asset of -7,523,916.83 RMB[68]. Cash Flow and Investments - The net cash flow from operating activities decreased by 65.54% to CNY 19,832,770.42 in 2013, down from CNY 57,548,892.82 in 2012[22]. - Operating cash inflow increased by 12.41% to ¥358,594,553.60, while operating cash outflow rose by 29.57% to ¥338,761,783.18, resulting in a net cash flow decrease of 65.54%[43]. - Cash flow from investing activities resulted in a net outflow of ¥353,049,240.33, compared to a net outflow of ¥250,043,162.98 in the previous year[172]. - The company plans to continue its investment in fixed assets, with cash payments for fixed asset purchases amounting to ¥296,311,133.39, an increase from ¥240,152,520.55 in the previous period[175]. Assets and Liabilities - Total assets at the end of 2013 were CNY 1,429,876,447.79, an 18.03% increase from CNY 1,211,502,430.71 at the end of 2012[22]. - Current assets decreased to CNY 647,701,064.45 from CNY 832,276,585.20, a decline of about 22.2%[160]. - Total liabilities rose to CNY 243,874,679.65 from CNY 60,964,745.54, a significant increase of about 300.0%[161]. - Shareholders' equity increased to CNY 1,186,001,768.14 from CNY 1,150,537,685.17, a growth of approximately 3.1%[161]. Business Operations and Strategy - The company has not changed its main business since its listing[19]. - The company aims to enhance its core competitiveness by leveraging advanced energy-efficient screw compressor technology and expanding its brand influence globally[53][54]. - The company is focused on upgrading and transforming its industry to accelerate growth in the high-end refrigeration compressor market[90]. - The company has established a partnership with Italian companies to gain access to advanced compressor technology and high-end brands, which will improve market recognition and marketing channels[90]. Research and Development - Research and development expenditure totaled ¥35,826,172.07, accounting for 3.11% of the latest audited net assets and 9.29% of the annual consolidated revenue[41]. - The company successfully developed new high-efficiency energy-saving screw compressors in collaboration with Swedish SRM, with prototypes recognized by the industry[29]. - The company has over 70 proprietary patents and is recognized as a leader in the ice-making equipment industry, with ongoing collaborations for new product development[55]. Shareholder and Governance - The company plans to distribute a cash dividend of CNY 0.72 per 10 shares to shareholders[6]. - The cash dividend policy has been consistently executed, ensuring reasonable returns to investors while maintaining sustainable development[77][78]. - The company has committed to a cash dividend policy, distributing at least 30% of its distributable profits annually, provided profits are positive and audited[94]. - The company has established a governance structure that includes a remuneration and assessment committee[116]. Risks and Challenges - The company has faced risks that may impact future development, as detailed in the board report[13]. - The company faces risks of declining product gross margins due to intensified industry competition, rising labor costs, and increased fixed asset depreciation from expansion efforts[74]. - There is a risk of delayed collection of accounts receivable, which may pressure operational funds if major clients' financial conditions worsen[74]. Employee and Management - The total number of employees as of December 31, 2013, is 690[119]. - The management team includes experienced professionals with backgrounds in finance, engineering, and sales[112]. - The company has established a performance evaluation and incentive mechanism for directors and senior management[129]. Audit and Compliance - The company appointed Tianheng Accounting Firm as the auditor for the 2013 fiscal year, emphasizing their experience and independence[137]. - The company has received a standard unqualified audit opinion for its financial statements for the year ended December 31, 2013[152]. - The financial statements comply with the requirements of the enterprise accounting standards, reflecting the company's financial position, operating results, and cash flows accurately and completely[198].