Nsfocus(SZ:300369)2014-04-25 16:00Financial Performance - The company reported a total revenue of RMB 500 million for the year 2013, representing a year-on-year growth of 20%[18]. - The net profit attributable to shareholders was RMB 80 million, an increase of 15% compared to the previous year[18]. - The company's operating revenue for 2013 was ¥623,045,880.06, an increase of 18.18% compared to ¥527,221,797.74 in 2012[19]. - The net profit attributable to shareholders for 2013 was ¥110,528,787.44, representing a growth of 16.63% from ¥94,771,585.91 in 2012[19]. - The basic earnings per share for 2013 was ¥1.47, an increase of 16.67% from ¥1.26 in 2012[19]. - The company reported a net profit of CNY 295.11 from its subsidiary, Green Alliance Information Technology Co., Ltd.[60]. - The net profit for the current period is CNY 181,619,506.56, compared to CNY 96,890,802.64 in the previous period, reflecting a significant growth[139]. Assets and Liabilities - The company’s total assets reached RMB 1.2 billion, with a current ratio of 1.5, indicating strong liquidity[18]. - The company's total assets increased by 38.32% to ¥734,910,172.33 at the end of 2013, up from ¥531,308,282.93 at the end of 2012[19]. - The company's total assets reached CNY 734.91 million at the end of 2013, an increase of 38.32% compared to the beginning of the year[28]. - The company's accounts receivable increased significantly to RMB 382,010,458.52 from RMB 209,975,758.66, marking an increase of approximately 82.0%[127]. - Total liabilities increased to ¥267,535,096.58, compared to ¥173,417,949.96, marking a rise of 54.3%[129]. Cash Flow - The net cash flow from operating activities decreased by 55.29% to ¥11,765,377.31 in 2013, down from ¥26,317,212.83 in 2012[19]. - Operating cash inflow increased by 26.16% to approximately ¥652.63 million in 2013, while operating cash outflow rose by 30.53% to approximately ¥640.86 million[45]. - The company experienced a net cash outflow from investing activities of CNY 19,207,739.43, compared to a net outflow of CNY 15,217,625.79 in the previous period[142]. - The net increase in cash and cash equivalents was -53,047,857.44 CNY, down from an increase of 20,276,464.58 CNY in the previous year[146]. Market and Growth Strategy - User data showed a growth in active users by 30%, reaching 1 million by the end of 2013[18]. - The company plans to launch two new products in the cybersecurity sector in 2014, aiming to capture a larger market share[18]. - Future guidance indicates an expected revenue growth of 25% for 2014, driven by new product launches and market expansion[18]. - The company has expanded its market presence in Southeast Asia, with a 15% increase in sales from that region[18]. - The company aims for new product revenue to account for 30% of total revenue within the next three years[64]. Research and Development - Research and development expenses increased by 10% to RMB 50 million, reflecting the company’s commitment to innovation[18]. - The company increased its R&D investment to CNY 120.88 million, accounting for 19.4% of operating revenue[42]. - The company identified 52 vulnerabilities and completed analysis on 107 vulnerabilities in 2013, contributing to its leading position in the information security industry[54]. Shareholder and Governance - The company reported a net profit attributable to shareholders of 110,528,787.44 CNY for the year 2013, with a total distributable profit of 309,773,811.48 CNY[75]. - The proposed profit distribution plan includes a cash dividend of 2.7 CNY per 10 shares and a stock dividend of 2 shares per 10 shares, totaling a cash distribution of 22,842,000 CNY[76]. - The company has maintained a consistent profit distribution policy, with no distributions made in 2011 and 2012, focusing on sharing profits post-public offering[76]. - The company has established a sound corporate governance structure, enhancing operational compliance and management efficiency[111]. - The company has appointed Lianda Accounting Firm (Special General Partnership) for auditing services, with a remuneration of 600,000 RMB and a continuous service period of 4 years[84]. Risks and Challenges - The company is at risk of reduced growth potential due to various factors, including macroeconomic conditions and talent retention challenges[23]. - The board emphasized the importance of maintaining a strong risk management framework to navigate market uncertainties[18]. Employee and Management - The company had a total of 1,611 employees as of December 31, 2013, with 68.22% aged between 21-30 years[107]. - The employee composition by education level shows that 71.07% hold a bachelor's degree or higher[107]. - The total compensation for the board of directors, supervisors, and senior management during the reporting period amounted to CNY 635.6 million[106]. Investment and Capital - The total investment amount during the reporting period was CNY 20,497,800, representing a 102.39% increase compared to the previous year's investment of CNY 10,128,050[55]. - The company has committed to several investment projects totaling CNY 29,258,100, with 0% of the investment completed as of the reporting date[57]. - The company received government subsidies amounting to ¥9,826,317.52 in 2013, compared to ¥3,942,296.00 in 2012, marking a substantial increase[21]. Compliance and Legal Matters - There were no significant litigation or arbitration matters reported during the year[80]. - The company reported no administrative penalties during the reporting period, indicating compliance with regulatory requirements[85].