FPT(SZ:300256)2014-03-27 16:00Financial Performance - The company reported a total revenue of 1.2 billion RMB for the year 2013, representing a year-on-year growth of 15%[15]. - The net profit for 2013 was reported at 150 million RMB, with a net profit margin of 12.5%[15]. - The company's operating revenue for 2013 was ¥429,257,259.31, a decrease of 11.23% compared to ¥483,573,303.59 in 2012[16]. - Operating profit for 2013 was -¥163,321,217.67, representing a significant decline of 2,762.34% from -¥5,705,862.78 in 2012[16]. - The net profit attributable to shareholders for 2013 was -¥149,228,716.46, a decrease of 2,044.53% compared to ¥7,674,277.23 in 2012[16]. - The company reported a net loss of ¥149,228,700, which was ¥84,528,200 lower than the previously forecasted net profit of ¥64,700,500[57]. - The company reported a net loss of CNY 14,922.87 million for the year 2013, compared to a forecasted loss of CNY 7,441.67 million, primarily due to lower product sales and increased unit costs[136]. Profitability and Margins - The gross profit margin improved to 30%, up from 28% in the previous year, indicating better cost management and pricing strategies[15]. - The company’s gross profit margin is at risk of continuous decline due to rising labor costs and intense competition in the terminal product market[31]. - The company’s gross profit margin was negatively impacted by increased competition in the smartphone market, leading to a decline in product prices and profitability[46]. Market Expansion and Strategy - The company plans to expand its market presence in Southeast Asia, targeting a 20% market share by 2015[15]. - The company aims for a revenue growth target of 18% for 2014, driven by new product launches and market expansion[15]. - The company plans to enhance quality control and cost management while expanding market reach and optimizing product structure to improve competitiveness[26]. - The company is focusing on optimizing product structure and expanding product lines in response to market demand for mobile and tablet protective screens[71]. - The company aims to shift its main business focus from mobile window glass protective screens to touch screen technology, which is expected to account for a significant portion of its revenue in the future[80]. Research and Development - The company has allocated 10% of its annual revenue for R&D, focusing on advanced touch screen technologies[15]. - The company aims to enhance R&D efforts in new products and technologies to maintain a higher gross margin level[31]. - The company established a joint venture with Melfas Inc. for the development and production of Cell G2 products, which is currently in the R&D phase[33]. - The company established a joint venture with Melfas Inc. in January 2013, with a registered capital of CNY 50 million, aimed at developing and producing Cell G2 products[142]. - The registered capital of the joint venture was increased to CNY 80 million in November 2013, reflecting the company's commitment to expanding its operations[142]. Acquisitions and Mergers - A strategic acquisition of a local competitor is anticipated to enhance production capacity by 30%[15]. - The company completed a merger with Shenzhen Shenyue Optoelectronics Technology Co., Ltd., which became a wholly-owned subsidiary, impacting the financial data significantly[16]. - The acquisition of Shenzhen ShenYue Optoelectronics Technology Co., Ltd. was completed to enhance the company's industry chain and competitiveness[56]. - The company completed the acquisition of 100% equity of Shenzhen Deep Yue Optoelectronics Technology Co., Ltd. for a transaction price of 839.375 million yuan, with the asset transfer completed on December 9, 2013[101]. Financial Position and Assets - Total assets at the end of 2013 reached ¥2,230,090,519.25, a 109.76% increase from ¥1,063,149,046.53 at the end of 2012[16]. - The total liabilities increased by 182.54% to ¥850,540,868.47 in 2013 from ¥301,033,611.81 in 2012[16]. - The asset-liability ratio at the end of 2013 was 38.14%, up from 28.32% at the end of 2012[16]. - The company’s cash and cash equivalents decreased to ¥258.56 million, accounting for 11.59% of total assets, down 9.48% from the previous year[64]. Cash Flow and Investments - The company reported a net cash flow from operating activities of ¥77,610,328.80, an increase of 264.15% from ¥21,312,935.55 in 2012[16]. - The company’s investment activities generated a net cash flow of CNY -88,043,982.31, an improvement of 55.85% compared to the previous year[50]. - The net cash flow from investment activities improved by 55.85% year-on-year, attributed to the consolidation of ShenYue Optoelectronics, which had cash and cash equivalents of ¥102,813,158.52 as of December 31, 2013[53]. Shareholder and Governance - The company issued 53.2 million new shares to five shareholders as part of the asset restructuring, which were listed on the Shenzhen Stock Exchange on December 30, 2013[103]. - The company has a total of 120,331,750 restricted shares at the end of the reporting period[150]. - The company’s major shareholders, including the actual controller Ye Xianyu, announced plans to increase their shareholding within the next 12 months[137]. - The company has committed to avoiding related party transactions, with all major shareholders providing written commitments to this effect[135]. Management and Workforce - The company reported a total of 1,340 employees as of December 31, 2013, with production personnel making up 75.00% of the workforce[181]. - The company is led by a team with diverse educational backgrounds, including PhDs and master's degrees[173]. - The management team includes individuals with significant experience in investment and technology sectors[171]. Compliance and Legal Matters - The company strictly adhered to insider information management protocols, ensuring no insider trading occurred during sensitive periods[90]. - There were no significant litigation or arbitration matters reported during the year[95]. - The company did not experience any non-operating fund occupation by controlling shareholders or related parties, with a total of ¥0 reported[97].