On April 18, Tongfang Co., Ltd. (600100) released its 2013 annual report. The company achieved a net profit of 677 million yuan last year, a year-on-year increase of 10.21%. After the deduction, the company achieved a net profit of 163 million yuan, down 10.50% year-on-year.
The report shows that during the period, the company achieved operating income of 22.65 billion yuan, down 0.95% year-on-year; earnings per share was 0.33 yuan. In 2013, the company intends to distribute a cash dividend of 1.00 yuan (including tax) to every 10 shares of all shareholders.
Tongfang shares said that during the reporting period, the company's overall profit level maintained a relatively steady growth. In 2013, the difference in profit composition of the company compared with the previous year was mainly reflected in non-recurring gains and losses. The main reason was the gains and losses from changes in the fair value of trading financial assets during the period and the large investment income from the disposal of transactional financial assets. In addition, the company implemented business integration to dispose of some inefficient assets, resulting in non-current assets disposal gains and losses of -340 million yuan, compared with 132 million yuan in the same period last year.
According to the company, its business target for 2014 is to maintain a growth of around 5% based on sales revenue in 2013.
The report shows that during the period, the company achieved operating income of 22.65 billion yuan, down 0.95% year-on-year; earnings per share was 0.33 yuan. In 2013, the company intends to distribute a cash dividend of 1.00 yuan (including tax) to every 10 shares of all shareholders.
Tongfang shares said that during the reporting period, the company's overall profit level maintained a relatively steady growth. In 2013, the difference in profit composition of the company compared with the previous year was mainly reflected in non-recurring gains and losses. The main reason was the gains and losses from changes in the fair value of trading financial assets during the period and the large investment income from the disposal of transactional financial assets. In addition, the company implemented business integration to dispose of some inefficient assets, resulting in non-current assets disposal gains and losses of -340 million yuan, compared with 132 million yuan in the same period last year.
According to the company, its business target for 2014 is to maintain a growth of around 5% based on sales revenue in 2013.
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