Everyday Network (SZ:300295)2014-03-07 16:00Financial Performance - The company's operating revenue for 2013 was CNY 376,598,320.07, representing a 26.12% increase compared to CNY 298,606,789.19 in 2012[18]. - The net profit attributable to shareholders was CNY 114,383,995.43, up 12.92% from CNY 101,296,297.56 in the previous year[18]. - The total assets increased by 16.86% to CNY 838,170,947.39 from CNY 717,213,734.88 in 2012[18]. - The company's cash flow from operating activities reached CNY 153,594,369.79, a significant increase of 40.8% compared to CNY 109,087,580.59 in 2012[18]. - The basic earnings per share rose to CNY 2.14, reflecting a 5.42% increase from CNY 2.03 in the previous year[18]. - The total operating revenue for 2013 reached CNY 37,659,830, representing a growth of 26.12% compared to the previous year[34]. - The net profit attributable to shareholders of the listed company for the current period is CNY 114,383,995.43, an increase from CNY 101,296,297.56 in the previous period[22]. - The company's total comprehensive income for the current period was ¥126,168,567.91, compared to ¥95,410,809.10 in the previous period, showing a growth of 32%[170]. Assets and Liabilities - The total liabilities surged by 161.79% to CNY 94,235,354.18 from CNY 35,996,640.46 in 2012[18]. - The asset-liability ratio was reported at 11.24%, an increase from 5.02% in the previous year[18]. - The company's total assets increased, with cash and cash equivalents at ¥675,606,050.76, accounting for 80.6% of total assets, a decrease of 11.25% compared to the previous year[68]. - The company's total liabilities increased to RMB 94,235,354.18 from RMB 35,996,640.46, a significant rise of 161.5%[161]. - The equity attributable to shareholders increased to RMB 735,132,136.29 from RMB 674,098,140.86, showing a growth of 9.1%[161]. Investment and R&D - The company has made significant investments in research and development, resulting in the acquisition of four software copyrights, including the "365淘房" mobile application[40]. - The company's research and development investment amounted to ¥21,426,506.21, accounting for 5.69% of operating revenue, with a focus on mobile internet product development[54]. - The company aims to increase R&D investment, focusing on e-commerce product upgrades and innovations in mobile internet products[84]. - The company invested a total of 20,782.9 million in various projects, with a cumulative actual investment of 10,496.61 million, achieving 50.5% of the planned investment[77]. Market Strategy and Expansion - The company has adjusted its fundraising strategy, opting for leasing office space instead of purchasing, to facilitate the advancement of its investment projects[39]. - The company is adjusting its market expansion strategy to focus on the growing real estate home network marketing market in Northeast China, which is seen as having greater potential compared to more mature markets like Shanghai[75]. - The company plans to continue enhancing its core competitiveness through product development and market expansion, adjusting strategies as necessary[62]. - The company has expanded its e-commerce services, increasing the proportion of e-commerce revenue in new housing services by approximately 10 percentage points[35]. Corporate Governance and Compliance - The company has established an insider information management system to prevent insider trading and ensure fair information disclosure[96][95]. - The company has implemented a system for accountability regarding significant errors in annual reports, enhancing the quality and transparency of information disclosure[150]. - The audit report issued on March 7, 2014, confirmed that the financial statements fairly represent the company's financial position as of December 31, 2013[153]. - The company has a continuous operation basis, reflecting its commitment to long-term growth and stability in the market[193]. Shareholder Information - The company distributed a cash dividend of 10.00 yuan per 10 shares, totaling 53,350,000.00 yuan, which represents 46.64% of the net profit attributable to shareholders for 2013[86][93]. - The total distributable profit for the year was 114,383,995.43 yuan, with cash dividends accounting for 100% of the profit distribution[87][93]. - The company’s shareholders promised not to transfer or entrust management of their shares for 36 months post-IPO, demonstrating commitment to long-term stability[106]. - The total number of shareholders at the end of the reporting period was 10,720, an increase from 7,049 five trading days prior to the annual report disclosure[121]. Employee and Management Structure - As of December 31, 2013, the total number of employees was 1,431, with 41.16% in information editing and 37.87% in sales and customer service[141]. - The company has a diverse management team with significant experience in various sectors, including finance, media, and education[130]. - The total remuneration for directors, supervisors, and senior management during the reporting period amounts to 466.04 million CNY[139]. - The company’s independent director, Sheng Yuhua, has a background as a professor and is a special allowance expert of the State Council[130]. Risks and Challenges - The company has identified risks related to intensified industry competition, fluctuations in the downstream real estate market, and potential delays in technology updates[25][27][28]. - The company anticipates a slowdown in the real estate market growth in 2014 due to increasing uncertainties and potential market fluctuations[81]. - The company faced challenges in project implementation due to difficulties in acquiring suitable office spaces, impacting the progress of several investment projects[77].