CDT(SZ:300344)2014-04-24 16:00Financial Performance - The company's operating revenue for 2013 was ¥218,163,407.81, a decrease of 21.93% compared to ¥279,437,677.82 in 2012[18]. - The operating profit fell to ¥29,060,002.10, down 44.3% from ¥52,176,918.30 in the previous year[18]. - The net profit attributable to shareholders decreased by 44.95% to ¥24,746,061.54 from ¥44,955,040.77 in 2012[18]. - The basic earnings per share decreased by 52.96% to ¥0.1539 from ¥0.3272 in the previous year[18]. - The weighted average return on equity dropped to 3.48% from 9.82% in 2012, a decline of 6.34%[18]. - The company reported a significant increase in waterproofing business revenue by 900.33% to CNY 2.51 million[35]. - The sales revenue from the space board sales and installation business was ¥214,698,733.52, down 22.98% year-on-year[49]. - The company reported a significant increase in fixed assets to ¥78,602,664.49, up from ¥54,012,153.58, due to the transfer of production lines[52]. - The company reported a total comprehensive income of CNY 27,244,106.12 for the current period, down from CNY 50,446,097.63 in the previous period, a decline of approximately 46%[166]. Assets and Liabilities - The total assets increased by 11.78% to ¥972,528,184.17 from ¥870,066,841.54 at the end of 2012[18]. - The total liabilities rose by 47.12% to ¥245,809,893.09 compared to ¥167,076,277.39 in 2012[18]. - The asset-liability ratio increased to 25.28% from 19.2% in the previous year, reflecting a rise of 6.08%[18]. - Accounts receivable increased to ¥252,534,396.1, accounting for 25.97% of total assets, up from 23.67%[52]. - Inventory rose to ¥104,807,997.5, representing 10.78% of total assets, an increase from 7.19%[52]. - Long-term borrowings increased to ¥60,000,000.00, now accounting for 6.17% of total assets, up from 1.72%[54]. Cash Flow - The company reported a net cash flow from operating activities of -¥6,044,319.12, an improvement of 88.27% from -¥51,509,282.50 in 2012[18]. - The cash flow from operating activities shows a net outflow of CNY 6,044,319.12, an improvement from a net outflow of CNY 51,509,282.50 in the previous period[169]. - The total cash and cash equivalents at the end of the period is CNY 143,567,266.98, down from CNY 208,199,103.40 at the end of the previous period[170]. Shareholder Information - The total cash dividend for the reporting period is CNY 4,020,800, which accounts for 20% of the distributable profit of CNY 133,124,466.20[71]. - The profit distribution plan includes a cash dividend of CNY 0.25 per 10 shares and a capital reserve increase of 4 shares for every 10 shares held, based on a total share capital of 160,832,000 shares[71]. - The total number of shareholders at the end of the reporting period was 13,911, compared to 14,108 five trading days before the annual report disclosure[102]. - Major shareholder Fan Li holds 28.33% of shares, totaling 45,566,400 shares, with an increase of 17,087,400 shares during the reporting period[102]. - Major shareholder Fan Zhi holds 25.86% of shares, totaling 41,593,600 shares, with an increase of 15,597,600 shares during the reporting period[102]. Operational Strategy - The company plans to enhance production capacity to meet market demand and improve product quality[25]. - The company plans to continue increasing R&D investment and enhancing its marketing network to capture greater market share[45]. - The company aims to provide green products and enhance its brand image in the new building materials market, aligning with national policies promoting green building[66]. - The company plans to focus on expanding its market presence and investing in new technologies to drive future growth[176]. - The company is exploring potential acquisitions to enhance its product portfolio and market reach, with a budget of 300 million RMB allocated for this purpose[121]. Governance and Compliance - The company has established and implemented insider information management systems to prevent insider trading and ensure fair information disclosure[73]. - The company has maintained compliance with all commitments made regarding stock transfers and insider trading regulations[82]. - The company reported no violations or irregularities in governance practices during the reporting period[136]. - The company has established a commitment to handle tax-related issues arising from its product sales and installation, with full responsibility for any economic losses incurred[86]. Employee and Management - The total remuneration paid to directors, supervisors, and senior management in 2013 amounted to CNY 2,370,524[126]. - The company employed a total of 248 staff members as of December 31, 2013, with 33% being R&D and technical personnel[131]. - The company has established a comprehensive performance evaluation and incentive mechanism for directors and senior management[137]. - The board of directors consists of nine members, including three independent directors, complying with legal requirements[137]. Market and Competition - The company has made progress in fundraising projects, utilizing ¥282,082,300.00 of raised funds by the end of 2013[45]. - The company has outlined its strategy to avoid competition with other enterprises in its core business areas, ensuring market stability[83]. - The company is focusing on technological advancements and new product launches to drive future growth[99].