Financial Performance - The company achieved operating revenue of CNY 2,233,905,376.19 in 2014, representing a year-on-year increase of 25.47% compared to CNY 1,780,389,445.99 in 2013[20]. - Net profit attributable to shareholders decreased by 32.41% to CNY 119,952,386.98 in 2014 from CNY 177,476,066.65 in 2013[20]. - The cash flow from operating activities increased significantly by 256.52% to CNY 162,204,224.37 in 2014, compared to a negative cash flow of CNY -103,634,909.97 in 2013[20]. - The company's total assets grew by 21.05% to CNY 2,318,892,911.35 at the end of 2014, up from CNY 1,915,669,017.08 at the end of 2013[20]. - The company's total operating revenue for 2014 was CNY 2,233,905,376.19, representing a year-on-year increase of 25.47% compared to CNY 1,780,389,445.99 in 2013[35]. - The main business income from leather sales reached CNY 2,218,410,091.55, up 24.74% from CNY 1,778,497,732.54 in the previous year[35]. Cost and Expenses - Operating costs rose by 33.10% to CNY 1,963,722,056.95 in 2014, primarily due to higher raw material costs and increased sales volume[28]. - Sales expenses increased by 49.42% to CNY 9,387,825.28, attributed to rising wages and transportation costs[28]. - Management expenses rose by 21.06% to CNY 116,436,618.72, mainly due to increased labor and research and development costs[28]. - The gross profit margin declined due to increased procurement costs of raw materials, which could not be effectively passed on to downstream enterprises[27]. Investment and Acquisitions - The company acquired 100% equity of Xuzhou Xingning Leather Co., Ltd. for a cash consideration of 79.70 million yuan, with the acquisition date set as June 30, 2014[125]. - The acquisition of Xuzhou Xingning Leather Co. was completed for 79.70 million yuan, fully funded by the raised capital[88]. - The company plans to invest CNY 199.78 million in a new technology processing project for high-end leather, and CNY 402.05 million in a project for processing cowhide[84]. - The company has committed to invest a total of 60,183 million yuan, with 59,688 million yuan already allocated, achieving a progress rate of 45,901 million yuan or 86%[87]. Cash Dividends and Profit Distribution - The company plans to distribute a cash dividend of 1.50 CNY per 10 shares, totaling 36,371,700 CNY, based on a total share capital of 242,478,000 shares[3]. - In 2014, the company achieved a net profit of CNY 122,739,477.79 and proposed a cash dividend of CNY 36,371,700, which is 1.5 CNY per 10 shares[149]. - The company has a policy to communicate with minority shareholders regarding profit distribution proposals through various channels[134]. - The company’s profit distribution policy is subject to review and must be approved by the board and shareholders, ensuring transparency and adherence to regulations[141]. Market Strategy and Product Development - The company is focused on expanding its market presence and enhancing product offerings in the leather industry[11]. - The company successfully developed new products such as waxed leather and water-dyed leather, which have begun mass production and gained market recognition[30]. - The company aims to collaborate with domestic shoe and bag brands during the product development phase to improve leather utilization and reduce costs[110]. - The company emphasizes the importance of rapid product development and supply capabilities to meet high-end brand clients' demands for "large quantities and multiple varieties"[116]. Environmental Commitment - The company invested CNY 24,676,200 in environmental protection facilities in 2014, demonstrating a commitment to sustainable practices[157]. - The company will continue to invest in environmental protection, implementing advanced facilities and technologies to reduce pollutant emissions and enhance wastewater recycling[111]. - The company has established a comprehensive environmental management system to comply with increasingly stringent environmental regulations, which may increase operational costs if standards are raised[115]. Risk Management and Challenges - The company faces risks related to the potential loss of core technical personnel, which could adversely affect new product development and future growth[119]. - The domestic leather industry is characterized by low concentration and intense competition, primarily from small enterprises, which poses risks of price wars and imitation[118]. - The company plans to adjust its operational strategies in response to market conditions, although performance decline remains a challenge[27]. Subsidiaries and Financial Stability - The company’s subsidiary, Fujian Ruisen Leather Co., has a registered capital of 150 million yuan and total assets of 274.697 million yuan[95]. - The company’s subsidiary, Xuzhou Xingning Leather Co., has a registered capital of 75 million yuan and total assets of 289.468 million yuan[96]. - The company maintained a positive retained earnings balance, indicating financial stability despite not proposing a cash dividend distribution plan in previous years[153].

Financial Performance - Operating revenue for the current period reached CNY 676,441,662.50, a 55.76% increase year-over-year[9] - Net profit attributable to shareholders decreased by 37.53% to CNY 30,226,514.08 compared to the same period last year[9] - The net profit after deducting non-recurring gains and losses fell by 45.89% to CNY 24,755,319.00[9] - Basic earnings per share decreased by 38.29% to CNY 0.1244[9] - The weighted average return on net assets decreased by 3.37 percentage points to 1.93%[9] - The company reported a total profit of ¥42,764,861.76 for the third quarter, down 25.7% from ¥57,415,721.84 in the same period last year[56] - The total comprehensive income for the third quarter was ¥30,226,514.08, reflecting a decrease of 37.5% compared to ¥48,384,405.15 in the previous year[56] - The net profit for the year-to-date period was ¥89,615,391.78, a decrease of 31.9% from ¥131,660,195.88 in the previous year[60] - The company reported a basic earnings per share of ¥0.3689 for the year-to-date period, down 32.7% from ¥0.5486 in the previous year[60] Assets and Liabilities - Total assets increased by 21.94% to CNY 2,335,900,536.34 compared to the end of the previous year[9] - Current assets rose to CNY 1,711,406,821.35 from CNY 1,475,341,029.01, indicating an increase of about 16%[42] - The company's non-current assets totaled CNY 624,493,714.99, up from CNY 440,327,988.07, showing a growth of around 42%[43] - The total liabilities increased to CNY 1,711,406,821.35, reflecting a significant rise compared to previous periods[43] - The company's total liabilities reached CNY 755,330,379.95, compared to CNY 363,897,852.47 in the same period last year, indicating a substantial increase of about 107.5%[45] - Current liabilities totaled CNY 512,090,255.92, an increase from CNY 460,388,916.07 in the previous year, representing a rise of approximately 11.4%[49] Cash Flow - The company reported a net cash flow from operating activities of CNY 32,886,717.34, an increase of 108.27% year-to-date[9] - The company reported a net cash flow from operating activities for Q3 2014 of ¥32,886,717.34, a significant improvement compared to a net outflow of ¥397,863,260.74 in the same period last year[67] - Total cash inflow from operating activities reached ¥1,531,770,731.28, up from ¥1,125,963,357.89 year-on-year[66] - Cash outflow from operating activities was ¥1,498,884,013.94, slightly down from ¥1,523,826,618.63 in the previous year[67] - The company reported a net cash flow from investment activities of -¥934,465.76, an improvement from -¥178,318,562.81 in the previous year[67] - Cash outflow from financing activities was ¥886,394,531.60, up from ¥463,086,171.91 year-on-year[68] - The net cash flow from financing activities was -¥133,386,936.82, a decline from a positive net flow of ¥92,839,129.31 in the previous year[68] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 12,951[13] - The largest shareholder, Shihezi Wanxing Equity Investment Partnership, holds 34.89% of the shares[13] - Shareholders Wanjing Investment and Evergrande Investment committed not to transfer or entrust the management of their shares within six months from the company's stock listing date, which was on May 7, 2015[28] - The actual controller, Wu Huachun, committed not to transfer or entrust the management of shares held indirectly for 36 months from the company's stock listing date[28] - Shareholders committed to not producing or developing any products that may compete with the company's products since April 17, 2012, and will cease any competing business if necessary[29] Operational Highlights - The company plans to use part of the raised funds for the acquisition of 100% equity in Xuzhou Xining Leather Industry Co., Ltd., which was approved by the board and shareholders[27] - The company is focused on expanding its market presence and enhancing product offerings to drive future growth[36] - The company continues to explore new strategies for market expansion and product development to sustain competitive advantage[36] Cost and Expenses - Operating costs rose to ¥1,301,679,582.15, reflecting a 45.75% increase from ¥893,090,585.18, driven by higher sales volume and rising raw material costs[24] - The company’s financial expenses surged by 202.70% to ¥12,935,875.75, primarily due to reduced interest income and increased borrowing costs[24] - The decline in profit margin is attributed to increased procurement costs due to rising import prices of raw hides and unfavorable exchange rate fluctuations, which the company could not pass on to downstream enterprises[32] Dividend Policy - The company has committed to a cash dividend policy, with a minimum cash dividend ratio of 80% for mature stages without major capital expenditures[31] - The company aims to maintain a stable and continuous profit distribution policy, prioritizing cash dividends over stock dividends[31] - The company has implemented a differentiated cash dividend policy based on its development stage and financial conditions[31]

公司负责人吴华春、主管会计工作负责人蔡建设及会计机构负责人(会计主 管人员)李光清声明：保证本半年度报告中财务报告的真实、准确、完整。 2014 年半年度报告 2014 年 08 月 兴业皮革科技股份有限公司 2014 年半年度报告全文 第一节 重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的 真实、准确、完整，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本报告的董事会会议。 公司计划不派发现金红利，不送红股，不以公积金转增股本。 1 | 第一节 | 重要提示、目录和释义 1 | | --- | --- | | 第二节 | 公司简介 4 | | 第三节 | 会计数据和财务指标摘要 6 | | 第四节 | 董事会报告 8 | | 第五节 | 重要事项 24 | | 第六节 | 股份变动及股东情况 33 | | 第七节 | 优先股相关情况 37 | | 第八节 | 董事、监事、高级管理人员情况 38 | | 第九节 | 财务报告 39 | | 第十节 | 备查文件目录 143 | 兴业皮革科技股份有限公司 2014 年半年度报告 ...

兴业皮革科技股份有限公司 2014 年第一季度报告正文 证券代码：002674 证券简称：兴业科技 公告编号：2014-027 兴业皮革科技股份有限公司 2014 年第一季度报告正文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完 整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人吴华春、主管会计工作负责人蔡建设及会计机构负责人(会计主管人员)李光 清声明：保证季度报告中财务报表的真实、准确、完整。 第二节 主要财务数据及股东变化 一、主要会计数据和财务指标 公司是否因会计政策变更及会计差错更正等追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期 | 上年同期 | 本报告期比上年同期 | | | --- | --- | --- | --- | --- | | | | | 增减 | | | 营业收入（元） | 308,455,518.05 | 294,777,790.71 | | 4.64% | | 归属于上市公司股东的净利润 （元） | 28,109,728.10 | ...

2013 年度报告 2014 年 03 月 兴业皮革科技股份有限公司 2013 年度报告全文 第一节 重要提示、目录和释义 本公司董事会、监事会及董事、监事、高级管理人员保证年度报告内容的 真实、准确、完整，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本报告的董事会会议。 公司经第三届董事会第二次会议审议通过的利润分配预案为：以 2013 年 12 月 31 日的公司总股本 242,900,000 股为基数，向全体股东每 10 股派发现金红 利 2.50 元（含税），共派现 60,725,000 元，本次不以资本公积金、未分配利润 和盈余公积转增股本。 公司负责人吴华春、主管会计工作负责人蔡建设及会计机构负责人(会计主 管人员)李光清声明：保证年度报告中财务报告的真实、准确、完整。 4 本报告所涉及的未来计划等前瞻性陈述，不构成公司对投资者的实质承诺， 请投资者注意投资风险。 1 | 一、重要提示、目录和释义 1 | | --- | | 二、公司简介 6 | | 三、会计数据和财务指标摘要 8 | | 四、董事会报告 10 | | 五、重要事项 40 | | 六 ...

2013 年度报告 2014 年 03 月 兴业皮革科技股份有限公司 2013 年度报告全文 第一节 重要提示、目录和释义 本公司董事会、监事会及董事、监事、高级管理人员保证年度报告内容的 真实、准确、完整，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本报告的董事会会议。 公司经第三届董事会第二次会议审议通过的利润分配预案为：以 2013 年 12 月 31 日的公司总股本 242,900,000 股为基数，向全体股东每 10 股派发现金红 利 2.50 元（含税），共派现 60,725,000 元，本次不以资本公积金、未分配利润 和盈余公积转增股本。 公司负责人吴华春、主管会计工作负责人蔡建设及会计机构负责人(会计主 管人员)李光清声明：保证年度报告中财务报告的真实、准确、完整。 本报告所涉及的未来计划等前瞻性陈述，不构成公司对投资者的实质承诺， 请投资者注意投资风险。 1 | 一、重要提示、目录和释义 1 | | --- | | 二、公司简介 6 | | 三、会计数据和财务指标摘要 8 | | 四、董事会报告 10 | | 五、重要事项 40 | | 六、股 ...