NEW JCM(SZ:300157)2014-04-24 16:00Financial Performance - The company reported a total revenue of 1.2 billion RMB for the year 2013, representing a year-on-year increase of 15%[18]. - The net profit attributable to shareholders was 150 million RMB, an increase of 20% compared to the previous year[18]. - The company's operating revenue for 2013 was ¥583,294,729.24, representing a year-over-year increase of 30.73% compared to ¥446,190,668.24 in 2012[19]. - The net profit attributable to shareholders for 2013 was ¥131,352,796.52, which is a 25.59% increase from ¥104,586,990.22 in 2012[19]. - The gross margin for 2013 was reported at 35%, reflecting improved operational efficiency[18]. - The weighted average return on equity for 2013 was 6.45%, an increase from 6.04% in 2012[19]. - The company reported a net profit of CNY 156.87 million for the period, with significant cash flow differences attributed to uncollected sales revenue[58]. - The company achieved operating revenue of 583.29 million yuan in 2013, representing a year-on-year growth of 30.73%, with main business revenue increasing by 30.68%[45]. User Growth and Market Expansion - The company expanded its user base by 30%, reaching a total of 500,000 active users by the end of 2013[18]. - The company plans to launch two new products in 2014, aiming for a 25% increase in market share within the next year[18]. - The company has established a new subsidiary in Canada to facilitate market expansion and improve service delivery[18]. - Domestic revenue reached CNY 471.24 million, accounting for 80.82% of total revenue, with a year-on-year growth of 21.91%[50]. - International revenue increased by 87.51% to CNY 111.84 million, driven by new projects in the Middle East[50]. Research and Development - Research and development expenses increased by 10% to 100 million RMB, focusing on new technologies in oil and gas services[18]. - The company aims to enhance its digital service offerings, targeting a 40% increase in online service transactions by the end of 2014[18]. - Research and development expenses totaled CNY 65.91 million, representing 11.30% of total revenue, a decrease of 4.53% year-on-year[54]. - The company launched the EPOffice integrated software system, enhancing its technical competitiveness with 166 software copyrights and 5 invention patents by the end of the reporting period[41]. Acquisitions and Investments - The company has completed several acquisitions, including companies like Langfang New Saipu and Bodary Heng, which has led to increased management challenges[30]. - The company completed acquisitions of several oil service companies, including Youmeike and Pacific Vision, which strengthened its oil engineering technical services and software technology service sectors[49]. - The company acquired a 51% stake in Chengdu Xiyou United Petroleum and Natural Gas Engineering Technology Co., Ltd. for a total of 135.31 million CNY using raised funds[81]. - The company acquired 20% equity in Langfang Development Zone New Saipu Petroleum Equipment Co., Ltd. for 72.80 million RMB using excess funds[78]. - The company has successfully implemented its strategic plan to become an internationally influential oil and gas exploration and development technology service enterprise[59]. Financial Guidance and Future Plans - The management provided a revenue guidance of 1.5 billion RMB for 2014, indicating a growth target of 25%[18]. - The company plans to achieve leapfrog development over the next three to five years, focusing on a "3+1" business development model that includes existing services, capital operations through acquisitions, and oilfield production services[42]. - The company plans to continue its market expansion and technology development initiatives, focusing on enhancing its service capabilities in the oil and gas sector[77]. - The company aims to enhance existing products and aims for breakthroughs in oil and gas exploration and development technology over the next three years[59]. Operational Efficiency and Risk Management - The company aims to improve operational efficiency and capital operations in 2014, targeting breakthroughs in major project development while maintaining stable growth in existing businesses[44]. - The company recognizes potential risks from uncontrollable factors such as political, economic, and natural disasters[33]. - The company aims to enhance internal management to achieve operational performance goals, focusing on team building and comprehensive management improvement[113]. Profit Distribution and Shareholder Engagement - The profit distribution policy emphasizes a stable return to investors, with a minimum cash distribution of 30% of the average distributable profit over the last three years, or at least 10% if profitable[118]. - The company plans to distribute a cash dividend of 0.40 yuan per 10 shares, totaling approximately 15.94 million yuan, based on a distributable profit of about 193.54 million yuan[124]. - The decision-making process for profit distribution involves thorough discussions with independent directors and monitoring by the supervisory board to ensure transparency and shareholder engagement[121]. Compliance and Governance - The company has established and strictly implemented insider information management systems to prevent insider trading and protect shareholder interests[131]. - The company has committed to ensuring that the net profit after deducting non-recurring gains and losses for the years 2013, 2014, and 2015 will not be less than RMB 32.94 million, RMB 43.22 million, and RMB 46.14 million respectively[170]. - The company has established measures to ensure fair and transparent related party transactions, adhering to legal and regulatory requirements[172].