SJI(SZ:000975)2015-04-08 16:00Financial Performance - The company's operating revenue for 2014 was CNY 726.12 million, an increase of 22.30% compared to CNY 593.73 million in 2013[31]. - The net profit attributable to shareholders for 2014 was CNY 270.50 million, a decrease of 41.98% from CNY 466.25 million in 2013[31]. - The net profit after deducting non-recurring gains and losses was CNY 233.16 million, up 15.39% from CNY 202.06 million in 2013[31]. - The net cash flow from operating activities was CNY 186.05 million, down 37.49% from CNY 297.62 million in 2013[31]. - The total assets at the end of 2014 were CNY 4.94 billion, an increase of 3.30% from CNY 4.79 billion at the end of 2013[31]. - The company achieved a net profit of CNY 42.31 million from Yulong Mining, an increase of 4.43% compared to the previous year[32]. - The company completed a net profit of 423 million yuan for 2014, exceeding the target of 400 million yuan set in the previous annual report[43]. - The company's total operating profit for the period was 433.49 million yuan, with a net profit of 352.80 million yuan[42]. Dividend Distribution - The company plans to distribute a cash dividend of 2.10 CNY per 10 shares to all shareholders based on a total share capital of 1,085,569,741 shares as of the end of 2014[5]. - In 2014, the company distributed a cash dividend of ¥227,969,645.61, which accounted for 100% of the total distributable profit of ¥320,116,562.47[113]. - The cash dividend per 10 shares was set at ¥2.10 (including tax) for a total of 1,085,569,741 shares[113]. - The company's net profit for 2014 was ¥211,834,443.31 after accounting for a 10% statutory surplus reserve[113]. - The company has maintained a high cash dividend payout ratio, reflecting its commitment to providing reasonable returns to investors[114]. Shareholder Information - The major shareholder, China Yintai, holds 198,539,922 shares, accounting for 18.29% of the total share capital after transferring 66,179,974 shares to Cheng Shaoliang in 2014[20]. - The total number of common shareholders at the end of the reporting period was 17,347[175]. - The largest shareholder, China Yintai Investment Co., Ltd., holds 18.29% of shares, totaling 198,539,922 shares, with a decrease of 6,617,997 shares during the reporting period[175]. - The second-largest shareholder, Wang Shui, holds 18.24% of shares, totaling 198,018,100 shares, with no change during the reporting period[176]. - The company's major shareholder, China Yintai, transferred 66,179,974 shares (6.096% of total shares) to Mr. Cheng Shaoliang, completing the transfer on December 24, 2014[163]. Business Operations - The company operates in the non-ferrous metal mining and selection industry, which is subject to risks such as price fluctuations of non-ferrous metals and industry cyclicality[13]. - The company underwent a significant asset restructuring in 2013, transitioning its main business from hotel and catering to non-ferrous metal mining[20]. - The company achieved sales revenue of 562.96 million yuan from lead concentrate (including silver) and 163.15 million yuan from zinc concentrate, resulting in a total revenue increase of 132.40 million yuan, or 22.30% compared to the previous year[42]. - The total sales volume of the company reached 29,877.68 tons, representing a significant increase of 52.15% year-on-year, primarily driven by the increase in zinc concentrate sales[46]. - The company invested over CNY 33 million in exploration activities in 2014, focusing on the Huayaobao silver-lead-zinc mine[35]. Risk Management - The company emphasizes the importance of risk awareness for investors due to potential operational risks in the mining sector[13]. - The company’s board of directors and senior management guarantee the accuracy and completeness of the annual report[4]. - The company has a financial advisor, Guodu Securities, responsible for continuous supervision from December 28, 2012, to December 31, 2015[21]. - The company’s asset-liability ratio is 5.86%, indicating strong financing capability and good relationships with financial institutions[66]. Exploration and Investment - The company obtained a mining exploration license for the Xizhai Tuchenggou gold mine in Gansu Province, indicating future exploration plans[41]. - The company conducted field investigations on nearly 50 mining projects and identified 20 projects with potential for further exploration[39]. - The company holds four exploration rights covering an area of 41.11 square kilometers, located in a region rich in non-ferrous metal resources, indicating significant exploration potential[71]. - The company is exploring opportunities for market expansion and potential mergers and acquisitions in the mining sector[71]. Corporate Governance - The company’s financial report is audited by Zhongxi CPA, with the signing accountants being Li Hongzhi and Li Yongjie[21]. - The company has not faced any major litigation or arbitration issues during the reporting period[119]. - The company has made commitments to avoid engaging in competitive businesses with its main operations[140]. - The company has committed to timely disclosure of related party transactions to protect shareholder interests[145]. Wealth Management - The company engaged in various bank wealth management products, with amounts ranging from ¥5,000 to ¥20,000 across multiple transactions[76][78]. - The company reported a total expected return of ¥1,077.04 from a bank wealth management product with a principal of ¥20,000[78]. - The company has a strong focus on maintaining capital preservation in its wealth management strategies[76]. - The company reported a total of CNY 625,230,000 in entrusted financial management funds, with a total income of CNY 1,604.82 million[86]. Remuneration and Management - The total remuneration for directors, supervisors, and senior management during the reporting period amounted to RMB 827.88 million[199]. - Yang Haifei, the Chairman and General Manager, received a total remuneration of RMB 251.41 million[198]. - The independent directors received an annual allowance of RMB 10 million, with additional expenses covered by the company[196]. - The company appointed two new independent directors, Deng Yanchang and Zhu Yushuan, in November 2014[200].