Summary by Futu AI
FUJING CHINA HOLDINGS LIMITED (THE “COMPANY”) RECORDED TOTAL REVENUE OF APPROXIMATELY RMB157.9 MILLION IN 2013, AN INCREASE OF APPROXIMATELY 24.6% OVER THE PREVIOUS YEAR. Profit for the year was approximately RMB49.2 million, an increase of about 54.8% over the previous year, mainly due to the increase in sales of potted vegetables and agricultural products, mainly due to the fact that business operations are no longer affected by the COVID-19 pandemic. The Company was successfully listed on the Main Board of the Hong Kong Stock Exchange Limited on 28 March 2014 and expects the listing to provide a platform for further expansion of the business. The Company did not pay or propose to pay dividends during the reporting period. For the year ended 31 December 2013, the Company and its subsidiaries, Qingdao Fujing Agricultural Development Co., Ltd.'s principal operating subsidiary in China, were exempted from paying corporate income tax in China.