智通财经APP获悉，截止7月2日收盘，有137只股票创52周新高，其中领航医药生物科技(00399)、重庆 钢铁股份(01053)、富誉控股(08269)创高率位于前3位，分别为180.00%、52.52%、36.81%。 52周新高排行 | 股票名称 | 收盘价 | 最高价 | 创高率 | | --- | --- | --- | --- | | 领航医药生物科技 | 0.260 | 0.700 | 180.00% | | (00399) | | | | | 重庆钢铁股份(01053) | 1.720 | 2.120 | 52.52% | | 富誉控股(08269) | 0.249 | 0.249 | 36.81% | | 黄河实业(00318) | 0.390 | 0.600 | 33.33% | | 中国东方集团(00581) | 1.460 | 1.830 | 23.65% | | 鞍钢股份(00347) | 1.860 | 2.620 | 23.00% | | 荣晖国际(00990) | 0.740 | 0.840 | 21.74% | | HOME | 2.840 | 2.840 | 20.85% ...

Financial Performance - The total revenue for the fiscal year ending December 31, 2024, increased significantly to RMB 715.9 million from RMB 534.3 million in the previous year, marking a growth of approximately 33.9%[7] - The company reported a loss of RMB 54.8 million for the current year, compared to a loss of RMB 11.6 million in the previous year, primarily due to a financial asset impairment loss of RMB 50.4 million[7] - The company's total revenue increased significantly from RMB 534.3 million to RMB 715.9 million, representing a growth of 34.0% year-over-year[19] - The company recorded a net loss of RMB 54.8 million for the year, compared to a net loss of RMB 11.6 million in the previous year[15] - The loss attributable to the owners of the company for the year was RMB 42.0 million, compared to RMB 9.6 million last year[50] Tourism Industry Outlook - The domestic tourism consumption in China is expected to reach new highs, surpassing pre-pandemic levels, with an estimated 6 billion domestic tourist trips in 2024[7] - The outbound tourism sector in China is projected to recover strongly, with expected tourist numbers reaching approximately 130 million by the end of 2024, which is 90% of the pre-pandemic levels[8] - The number of domestic tourists in China is projected to exceed 6 billion in 2024, indicating a strong recovery in consumer confidence[14] - The total domestic tourism expenditure in China is expected to reach RMB 5.75 trillion in 2024, a year-on-year increase of 17.1%[16] - Domestic tourism during the Golden Week saw over 278.76 million travelers, a 5.2% increase from 2023 and 24.8% higher than pre-pandemic levels[14] Business Strategy and Development - The company plans to establish a joint venture, Anhui Feiyang Aviation Operation Development Co., Ltd., to provide airport operation-related services, aiming to expand the aviation market[10] - The company is focusing on developing and marketing health products through online platforms in collaboration with external manufacturers to diversify its revenue sources[8] - The company aims to implement targeted strategic measures to maintain steady operational growth and accelerate development while overcoming challenges[10] - The company aims to enhance its competitive position through strategic benchmarking and optimizing its strategies to adapt to market changes[17] Revenue Sources and Product Sales - Sales of travel-related products and services rose from RMB 512.2 million to RMB 698.8 million, reflecting positive market developments[14] - The company’s revenue from free travel products amounted to RMB 397.5 million, up from RMB 314.3 million, due to the expansion of its business network nationwide[21] - Traditional group tours revenue increased from RMB 161.9 million in 2023 to RMB 266.3 million in 2024, representing a growth of 64.4% due to the recovery of the tourism industry[24] - Total group tour sales rose significantly by RMB 105.1 million or 57.2% from RMB 183.9 million in 2023 to RMB 289.1 million in 2024[23] - The sales of health products surged from RMB 5.3 million to RMB 16.3 million, capitalizing on the increased consumer interest in health and nutrition[14] Financial Metrics and Costs - Sales costs increased by RMB 187.4 million or 39.0% from RMB 480.0 million in 2023 to RMB 667.4 million in 2024, attributed to the recovery of the tourism industry[35] - Overall gross profit decreased from RMB 54.3 million in 2023 to RMB 48.5 million in 2024, with a gross margin decline from 10.2% to 6.8%[37][38] - The overall gross margin for the travel group increased slightly from 12.4% last year to 13.8% this year[39] - The overall gross margin for health products decreased from 21.4% last year to 15.0% this year, mainly due to aggressive promotional pricing strategies and rising raw material and logistics costs[39] Corporate Governance - The company has adhered to corporate governance standards, with a commitment to maintaining high governance practices[83] - The chairman and CEO roles are held by the same individual, which the board believes is in the best interest of the company for effective management[84] - The board includes independent non-executive directors to ensure checks and balances in decision-making[84] - The company has adopted the principles of the Corporate Governance Code as a benchmark for its corporate governance practices[102] - The board consists of nine members, including five executive directors, one non-executive director, and three independent non-executive directors[107] Risk Management and Internal Controls - The company has established a risk management and internal control system to identify, assess, and manage significant risks, ensuring compliance with relevant laws and regulations[145] - The board is responsible for reviewing the effectiveness of the risk management and internal control systems, aiming to achieve strategic objectives[145] - The company has implemented a mechanism for independent directors to express their views openly and confidentially when necessary[114] - The company has established an internal audit function to review the adequacy and effectiveness of its risk management and internal control systems annually[150] ESG and Sustainability - The company emphasizes sustainable development through four dimensions: quality service, employee care, green office practices, and community contributions[175] - The company has identified 27 key ESG issues relevant to its operations, which will guide its strategic planning and risk management assessments[184] - The company engages stakeholders through various communication channels, including annual meetings, reports, and social media, to gather feedback on its sustainability performance[179] - The company is committed to improving its ESG governance framework regularly, integrating sustainability principles into its overall planning and daily operations[177] Customer Satisfaction and Complaints - The company received a total of 47 complaints regarding travel products and services in the current year, an increase from 35 complaints in 2023[200] - A complaint handling system has been implemented to enhance customer satisfaction and resolve disputes amicably[200] - Continuous assessment and feedback collection from various channels are being conducted to monitor and improve product and service quality[200]

分析人士指出，飞扬集团通过本轮战略调整，已成功构建"聚焦主业+业务增长+资产优化+效能提升"的 良性发展通道。随着旅游消费市场的持续回暖，这家经营实体总部位于浙江宁波的专注深耕旅游产业24 年的中国内地首家港股主板旅游上市公司，正凭借其差异化的商业模式和扎实深厚的运营功底，加速向 行业价值高地迈进。 财报显示，集团年度合并账面亏损约91.6%源自审慎性减值准备计提，在剔除该减值计提后，集团合并 实际经营性亏损仅460万元，较上年同口径亏损收窄71.6%。值得注意的是，该账面亏损主要源于集团 旗下于2023年并购的控股子公司海南真旅2024年度亏损1544万元(集团公告显示，海南真旅已于2025年3 月底按当初并购协议约定条款以原值出售其原股东实现剥离)，及集团下属香港子公司群2024年度亏损 3599万元(该子公司群系集团疫情期间经营非旅游多元化业务所设，经了解集团管理层不排除该资产优 化或剥离处置可能)。而集团核心主营旅游业务得益于公司致力于深度自营结合视频新零售及全域优质 服务的模式开拓全国市场，从而推动旅游业务收入与盈利的双双显著提升。 集团管理层表示，当前进行的资产质量优化工作已近尾声，年度5040万 ...

Financial Performance - Revenue for the year ended December 31, 2024, was RMB 534.3 million, a decrease of 25.3% compared to RMB 715.9 million in 2023[2] - Gross profit for the year was RMB 48.5 million, down 10.8% from RMB 54.3 million in the previous year[2] - The company recorded a net loss of RMB 54.8 million for the year, compared to a net loss of RMB 11.6 million in 2023[2] - The total comprehensive loss for the year was RMB 43,716,000, compared to RMB 32,394,000 in the previous year, indicating an increase in losses[5] - The loss attributable to the company's shareholders per share was RMB 5.05, a significant increase from RMB 1.17 in the previous year[5] - The company reported a total comprehensive income of RMB 22,436,000 for the year, a decrease from RMB 32,151,000 in the previous year[5] - The total loss attributable to the company’s shareholders was RMB 42,426,000, compared to RMB 19,551,000 in the previous year[5] - The company expects to continue facing challenges in the upcoming year, with a projected comprehensive loss of RMB 32,394,000[5] - The company will not reclassify any items in the future periods that would affect the comprehensive income statement[5] - The foreign exchange loss for the year was RMB 32,151,000, compared to RMB 22,436,000 in the previous year[5] Revenue Breakdown - Revenue from travel-related services increased by RMB 1.816 million, representing a growth of 34.0% year-on-year[2] - Revenue from external customers in mainland China was RMB 698,113,000 for the year ended December 31, 2024, compared to RMB 514,034,000 for the year ended December 31, 2023, representing a growth of 35.8%[21] - Revenue from external customers in Hong Kong was RMB 17,755,000 for the year ended December 31, 2024, compared to RMB 20,269,000 for the year ended December 31, 2023, indicating a decline of 7.4%[21] - Total revenue from external customers was RMB 715,868,000 for the year ended December 31, 2024, compared to RMB 534,303,000 for the year ended December 31, 2023, reflecting an overall increase of 33.9%[21] - Revenue from travel group sales increased from RMB 183,936 thousand in 2023 to RMB 289,075 thousand in 2024, a growth of about 57%[25] - Revenue from self-operated product sales rose from RMB 314,251 thousand in 2023 to RMB 397,529 thousand in 2024, marking an increase of approximately 27%[25] - Revenue from health products sales surged from RMB 5,273 thousand in 2023 to RMB 16,300 thousand in 2024, reflecting a growth of about 208%[25] - Revenue from liquor sales fell to zero in 2024 from RMB 2,791 thousand in 2023[25] Expenses and Costs - The cost of sales for the year was RMB 479.97 million, compared to RMB 667.38 million in 2023[4] - Selling and distribution expenses increased to RMB 21.5 million from RMB 28.3 million in 2023[4] - Administrative expenses decreased to RMB 42.2 million from RMB 39.8 million in the previous year[4] - The company recognized impairment losses of RMB 19.0 million, compared to RMB 50.4 million in 2023[4] - The cost of services provided increased to RMB 649,434,000 in 2024 from RMB 463,857,000 in 2023, marking a rise of 40%[28] - The group reported a total employee benefit expense of RMB 33,384,000 in 2024, up from RMB 28,542,000 in 2023, which is an increase of 16.4%[28] - Financial costs for 2024 amounted to RMB 9,949,000, compared to RMB 10,832,000 in 2023, representing a decrease of approximately 8.1%[26] Assets and Liabilities - Total assets decreased from RMB 432,853,000 to RMB 337,437,000, a decline of approximately 22% year-over-year[6] - Current liabilities decreased from RMB 478,751,000 to RMB 350,525,000, a reduction of about 27% year-over-year[6] - Cash and cash equivalents decreased from RMB 56,500,000 to RMB 36,688,000, a decline of approximately 35% year-over-year[6] - Trade receivables decreased from RMB 201,071,000 to RMB 88,648,000, a drop of about 56% year-over-year[6] - Non-current liabilities decreased from RMB 7,956,000 to RMB 4,701,000, a reduction of approximately 41% year-over-year[6] - Total equity decreased from RMB 80,176,000 to RMB 51,052,000, a decline of about 36% year-over-year[6] - The company reported a net current liability of RMB (13,088,000) compared to RMB (45,898,000) in the previous year, improving by approximately 71%[6] Market Outlook and Strategy - The company plans to focus on expanding its travel-related services in response to market recovery[3] - The company expects to continue facing challenges in the upcoming year, with a projected comprehensive loss of RMB 32,394,000[5] - The company has indicated that it will focus on improving operational efficiency to mitigate losses in the future[5] - The company plans to explore new market opportunities and product development to enhance revenue streams moving forward[5] - The group aims to maintain its industry-leading position by actively seeking market opportunities and optimizing strategies to enhance competitiveness[47] - The management team expresses confidence in sustainable growth, supported by extensive industry experience and a flexible operational team[47] Corporate Governance and Compliance - The company has maintained compliance with corporate governance standards as of December 31, 2024, except for a deviation regarding the roles of the Chairman and CEO[113] - The Audit Committee consists of three independent non-executive directors, ensuring oversight of financial reporting and compliance with corporate governance[116] - The independent auditor confirmed that the consolidated financial statements accurately reflect the group's financial position as of December 31, 2024[121] Shareholder Information - The company does not recommend paying dividends for the year ending December 31, 2024, consistent with the previous year[34] - The group does not recommend any final dividend for the current year, consistent with the previous year[98]

Financial Performance - Revenue for the six months ended June 30, 2024, was RMB 420.97 million, a decrease of RMB 57.6 million or 12.0% compared to RMB 478.56 million in the same period last year[4] - Gross profit for the same period was RMB 25.02 million, down RMB 5.8 million or 18.7% from RMB 30.77 million in 2023[4] - The company reported a net loss of RMB 16.32 million for the period, compared to a net profit of RMB 15.90 million in the previous year[4] - Total comprehensive loss for the period was RMB 5.16 million, compared to a total comprehensive income of RMB 3.08 million in the same period last year[6] - The basic loss per share for the period was RMB (1.78), compared to earnings per share of RMB 1.40 in the same period last year[6] - The group reported a pre-tax loss of RMB 387,182,000 for the six months ended June 30, 2024, compared to a loss of RMB 437,724,000 in the same period of 2023[27] - The group recorded a share of losses from associates amounting to RMB 0.2 million during the period, a decrease from RMB 1.7 million in the same period last year[114] - The company recorded a loss attributable to owners of RMB 14.8 million, compared to a profit of RMB 11.2 million in the same period last year[95] Assets and Liabilities - Current assets decreased to RMB 71.28 million from RMB 134.03 million as of December 31, 2023[7] - Total liabilities increased to RMB 480.56 million, compared to RMB 478.75 million at the end of 2023[7] - The company’s cash and cash equivalents were RMB 86.65 million, a decrease from RMB 156.52 million in the previous period[7] - Non-current assets as of June 30, 2024, were RMB 66,457,000, a decrease from RMB 128,302,000 as of December 31, 2023[18] - Total trade receivables as of June 30, 2024, amounted to RMB 252,322,000, a decrease from RMB 281,205,000 as of December 31, 2023[38] - Trade payables as of June 30, 2024, were RMB 64,088,000, down from RMB 139,880,000 as of December 31, 2023[41] - The company’s total equity as of June 30, 2024, was RMB 75,014,000, compared to RMB 91,522,000 at the end of the previous reporting period[8] Cash Flow - Operating cash flow for the six months ended June 30, 2024, was RMB (11,842,000), an improvement from RMB (52,122,000) in 2023[9] - The company generated net cash flow from investing activities of RMB 5,338,000, up from RMB 2,960,000 in the previous year[9] - Financing activities resulted in a net cash inflow of RMB 35,782,000, compared to RMB 23,294,000 in the same period last year[9] - As of June 30, 2024, cash and cash equivalents increased to RMB 86,653,000, significantly up from RMB 18,109,000 at the end of June 2023[9] - Cash and bank balances increased to RMB 867 million on June 30, 2024, from RMB 565 million on December 31, 2023[106] Revenue Breakdown - Revenue from external customers in Mainland China was RMB 409,721,000, down 11.8% from RMB 464,529,000 in the previous year[18] - Revenue from external customers in Hong Kong was RMB 11,249,000, a decrease of 20.0% from RMB 14,031,000 in 2023[18] - Total revenue from self-guided travel products decreased by RMB 122.5 million or 30.9% to RMB 273.6 million, mainly due to a decline in demand for these products[73] - Traditional group tours accounted for 92.2% of total group tour sales, with revenue increasing by RMB 65.7 million or 101.4% to RMB 130.5 million, driven by a recovery in the tourism industry[71] - The company’s tour group sales increased significantly from RMB 648 million in the previous year to RMB 1,305 million in the current period, reflecting strong recovery in the tourism sector[65] Expenses - The company experienced a significant increase in administrative expenses, rising to RMB 24.14 million from RMB 19.38 million in 2023[5] - Other income and gains for the period were RMB 19.03 million, slightly down from RMB 19.66 million in the previous year[5] - Sales and distribution expenses increased by RMB 46 million and RMB 48 million, respectively, attributed to the expansion of the core service network from Zhejiang Province to nationwide[65] - Selling and distribution expenses increased by RMB 4.6 million or 62.7% to RMB 12 million, mainly due to national expansion of core service networks[90] - Administrative expenses increased by RMB 4.8 million or 24.6% due to increased employee costs and depreciation from national expansion[91] Strategic Initiatives - The company is actively negotiating the renewal of its short-term loans with banks, indicating no signs of refusal from banks to renew existing loans[14] - The company is implementing various measures to enhance its overall sales network and effective cost control to improve profit margins and operating cash flow[14] - The company plans to seek additional financing, such as issuing new shares, to meet its existing financial obligations and future capital expenditures[14] - The company established a joint venture, Anhui Feiyang Aviation Development Co., Ltd., to enhance airport operation services and expand the aviation market[68] - The group aims to expand its aviation market through the new joint venture, which is expected to open more flight routes[115] Market Outlook - The company anticipates domestic tourism consumption in China to reach new highs, exceeding pre-pandemic levels, with an expected 6 billion domestic tourists in 2024[65] - Significant investments in transportation infrastructure, including high-speed rail and airports, are expected to further support the growth of domestic tourism[68] - The management team expresses confidence in sustainable growth, supported by their industry experience and agile operations[68] Corporate Governance - The audit committee consists of three independent non-executive directors, ensuring robust oversight of financial reporting and compliance[129] - The board emphasizes the importance of maintaining high corporate governance standards, with a focus on effective decision-making and strategic planning[130] - The board confirmed compliance with the standard code for securities trading by all directors during this period[131] Shareholder Information - As of June 30, 2024, the company’s major shareholder, He Binfeng, holds 39.54% of the shares, totaling 328,954,700 shares[118] - The major shareholders include Mr. He and Ms. Qian, each holding approximately 39.54% of the company's shares, totaling 328,954,700 shares[125] - The company has a total of 288,654,700 shares held by controlled corporations associated with Mr. He, representing approximately 34.69% of the issued share capital[126]

Financial Performance - Revenue for the six months ended June 30, 2024, was RMB 420.97 million, a decrease of 12.0% compared to RMB 478.56 million for the same period in 2023[1] - Gross profit for the same period was RMB 25.02 million, down 18.7% from RMB 30.77 million year-on-year[1] - The net loss for the period was RMB 16.32 million, compared to a profit of RMB 15.90 million in the same period last year[1] - The basic loss per share for the period was RMB (1.78), compared to earnings per share of RMB 1.40 in the same period last year[3] - The company reported a basic loss attributable to shareholders of RMB (14,848) thousand for the current period, compared to a profit of RMB 11,219 thousand in the previous year[21] - The group recorded a net loss of RMB 16.3 million, primarily due to financial asset impairment losses of RMB 18.0 million and increased selling and distribution expenses of RMB 4.6 million and RMB 4.8 million respectively[28] Assets and Liabilities - Total assets as of June 30, 2024, amounted to RMB 491.62 million, an increase from RMB 432.85 million as of December 31, 2023[5] - The company's total net assets decreased from RMB 80,176,000 as of December 31, 2023, to RMB 75,014,000 as of June 30, 2024, representing a decline of about 6.5%[7] - Non-current lease liabilities decreased from RMB 7,956,000 to RMB 7,330,000, a reduction of approximately 7.8%[7] - The company's equity attributable to owners decreased from RMB 77,416,000 to RMB 73,732,000, a decline of about 4.4%[7] - The group's outstanding bank and other borrowings amounted to RMB 243.6 million as of June 30, 2024, an increase from RMB 194.9 million as of December 31, 2023[62] Revenue Breakdown - Revenue from external customers for the six months ended June 30, 2024, was RMB 420,970,000, a decrease of 12.0% compared to RMB 478,560,000 for the same period in 2023[14] - Revenue from mainland China was RMB 409,721,000, down 11.8% from RMB 464,529,000 year-over-year[14] - Revenue from Hong Kong was RMB 11,249,000, a decrease of 20.0% compared to RMB 14,031,000 in the previous year[14] - Total income from customer contracts for the six months ended June 30, 2024, was RMB 420,872,000, down 12.1% from RMB 478,560,000 in 2023[16] - Revenue from health products sales was RMB 10.12 million, an increase from RMB 4.73 million in the previous year[31] Expenses and Costs - The company reported a significant increase in administrative expenses, rising to RMB 24.14 million from RMB 19.38 million in the previous year[2] - The financial cost for the period was RMB 4.99 million, slightly down from RMB 5.58 million in the same period last year[2] - The cost of services provided for the six months ended June 30, 2024, was RMB 387,182,000, a decrease of 11.5% from RMB 437,724,000 in 2023[18] - The group’s sales and distribution expenses increased by RMB 4.6 million or 62.7% to RMB 12.0 million, mainly due to the expansion of the core service network nationwide[49] - Administrative expenses rose by RMB 4.8 million or 24.6%, attributed to increased employee costs and depreciation from new property and equipment[50] Cash Flow and Liquidity - Cash and cash equivalents increased to RMB 86.65 million from RMB 56.50 million as of December 31, 2023[5] - The company is actively negotiating with banks to renew its short-term borrowings, indicating a focus on maintaining liquidity[11] - The average turnover days for trade receivables increased to 80.7 days from 45.6 days year-on-year, primarily due to slower settlement by debtors[62] - The average turnover days for trade payables decreased to 3.1 days from 32.0 days year-on-year, indicating faster settlement of trade payables[62] Strategic Initiatives - The company is implementing various measures to enhance its overall sales network and effective cost control to improve profit margins and cash flow[11] - The group anticipates that domestic tourism consumption in China will reach new highs, exceeding pre-pandemic levels, with an expected 6 billion domestic travelers in 2024[27] - The establishment of a joint venture, Anhui Feiyang Aviation Development Co., Ltd., aims to enhance airport operation services and expand the aviation market[29] - In January 2024, the group established a joint venture in Xinjiang to provide tourism-related services, aiming to diversify revenue sources[67] - The group formed another joint venture in Anhui to enhance airport operation services, with a registered capital of RMB 10 million[67] Employee and Governance - The group had a total of 267 employees as of June 30, 2024, compared to 189 employees as of December 31, 2023, indicating a growth of approximately 41.4% in workforce[72] - Employee costs, including director remuneration, amounted to RMB 17.7 million for the period, up from RMB 11.5 million in the same period last year, representing a year-over-year increase of approximately 54.8%[72] - The audit committee consists of three independent non-executive directors, ensuring a robust oversight of financial reporting and internal controls[74] - The company has maintained compliance with corporate governance standards, with a deviation from the requirement that the roles of Chairman and CEO should be separate[75] Market Conditions - The Chinese government is actively promoting domestic tourism as a key driver of economic growth, with significant investments in transportation infrastructure[29] - The overall travel industry recovery has led to increased demand for group travel, contributing to the significant growth in traditional group travel sales[35]

Financial Performance - The total revenue for the fiscal year ending December 31, 2023, increased significantly to RMB 534.3 million from RMB 765 million in the previous year, marking a growth of approximately 600%[6] - The net loss for the fiscal year decreased to RMB 11.6 million from RMB 40.7 million in the previous year, indicating an improvement in financial performance[6] - The company recorded a significant increase in total revenue from RMB 765 million in the previous year to RMB 5,343 million this year, representing a growth of RMB 4,578 million or 598.6%[25] - The gross margin from travel group sales increased to RMB 183.9 million, accounting for 34.4% of total revenue, compared to RMB 51.1 million or 66.9% in the previous year[24] - Gross profit for the year was RMB 54.3 million, with a gross margin of 10.2%, compared to RMB 13.6 million and 17.8% in the previous year[49] - The overall gross margin decreased from 17.8% in the previous year to 10.2% this year, primarily due to changes in the product and service structure[50] Tourism Industry Recovery - Domestic tourism in China is expected to generate over RMB 4 trillion in total revenue, with a growth rate of 96% compared to previous years[6] - Domestic tourism revenue during the Golden Week reached RMB 753.43 billion, an increase of 1.5% compared to 2019, reflecting a strong recovery in the tourism sector[15] - The number of domestic tourists and revenue has more than doubled year-on-year, recovering to over 80% of 2019 levels[15] - During the 2024 Lunar New Year period, domestic tourism numbers reached 474 million, a significant increase of 34.4% compared to the same period in 2023, indicating a strong recovery trend[19] - The company expects domestic tourism in China to grow significantly in 2024, with an estimated 6 billion trips and revenue reaching RMB 6 trillion[20] Product and Service Expansion - The company has launched a series of travel-related products, focusing on independent travel products and attractive tour packages to capture emerging trends[7] - Sales from travel-related products and services increased due to the recovery of the Chinese tourism industry, with total income from free travel products amounting to RMB 3,142.5 million this year, compared to zero in the previous year[28] - The company is actively expanding its revenue base through online platforms and has entered into a strategic cooperation agreement with hotel management and e-commerce companies[10] - The company plans to expand its user base and enhance its information system development services while diversifying into cultural tourism based on digital information technology[20] - The company has begun offering financing leasing services to further diversify its revenue streams[20] Strategic Partnerships and Ventures - A joint venture has been established to provide tourism-related services in Xinjiang, aiming to diversify revenue sources and explore market potential[10] - The company has established strategic partnerships to diversify revenue sources, including a joint venture fund management company in Hong Kong and a strategic cooperation agreement with Shanghai E-commerce for cross-border supply chain services[16] - A cooperation agreement was signed to establish a joint venture fund management company in Hong Kong, with expected fundraising not exceeding HKD 1 billion[92] - A strategic cooperation agreement was established for cross-border e-commerce supply chain collaboration, aiming to expand the business scale[93] Cost and Expense Management - The group's sales cost rose dramatically by RMB 417.1 million or 663.4% to RMB 480.0 million, primarily due to the recovery of the tourism industry post-COVID-19[46] - Selling and distribution expenses increased by 135.4% from RMB 9.1 million to RMB 21.5 million, primarily due to increased employee costs[53] - Administrative expenses rose by 75.2% from RMB 24.1 million to RMB 42.2 million, largely due to increased staff costs and depreciation from new business operations[54] - Financial costs increased from RMB 8.3 million to RMB 10.8 million, attributed to a rise in average borrowings[60] Governance and Compliance - The company has adopted the principles of the Corporate Governance Code as a benchmark for its corporate governance practices, ensuring compliance with all applicable provisions for the year ending December 31, 2023[129] - The board consists of nine members, including five executive directors, one non-executive director, and three independent non-executive directors, ensuring a balanced governance structure[137] - The audit committee is composed entirely of independent non-executive directors, ensuring unbiased oversight of financial reporting[144] - The company has established channels for independent non-executive directors to express their views confidentially when necessary, promoting transparency[144] - The company has implemented remedial measures to address non-compliance with listing rules regarding transactions with suppliers, ensuring ongoing compliance processes are effective[129] Shareholder Communication and Capital Management - The company is committed to effective communication with shareholders through various channels, including annual and interim reports[199] - The company has established a shareholder communication policy to ensure shareholder opinions and questions are properly addressed[200] - The board believes that the shareholder communication policy was effective during the review year[200] - The management team is focused on expanding the shareholder base and capital base through strategic placements and operational enhancements[101] Employee and Board Diversity - The board consists of 7 male directors and 2 female directors, achieving a gender diversity representation[169] - As of December 31, 2023, the employee gender ratio is approximately 33% male and 67% female, indicating a commitment to gender diversity[169] - The company does not discriminate in its hiring practices, focusing on merit-based selection[169] Risk Management - The company has established a risk management and internal control system to identify, assess, and manage significant risks[182] - The internal audit function reviews the adequacy and effectiveness of the risk management and internal control system annually, with a focus on compliance and operational monitoring[185] - The board is responsible for evaluating the effectiveness of risk management and internal control systems, aiming to manage risks associated with achieving business objectives[179]

Financial Performance - Revenue for the year ended December 31, 2023, reached RMB 534.3 million, an increase of RMB 457.8 million or 598.6% compared to RMB 76.5 million in 2022[2] - Gross profit for the same period was RMB 54.3 million, up RMB 40.7 million or 299.5% from RMB 13.6 million in the previous year[2] - The company recorded a net loss of RMB 11.6 million for the year, a significant improvement from a net loss of RMB 40.7 million in 2022[2] - The company reported a total comprehensive loss of RMB 43.7 million for the year, compared to RMB 20.1 million in 2022[7] - Basic loss per share for the year was RMB 1.17, improving from RMB 5.20 in the previous year[7] - The group reported a pre-tax loss of RMB 463,857 thousand for 2023, compared to RMB 47,779 thousand in 2022, indicating a significant increase in losses[32] - The group recorded a net loss of RMB 11.6 million in the current year, compared to a net loss of RMB 40.7 million in the previous year[56] Revenue Sources - The increase in revenue was attributed to the recovery of the tourism industry in China, leading to higher sales of travel-related products and services[2] - Revenue from travel-related products and services accounted for RMB 512.2 million, which is 95.8% of total revenue, compared to 69.7% in the previous year[64] - Total sales from free travel products reached RMB 314.3 million in 2023, a substantial increase from zero in the previous year[66] - Revenue from external customers in China reached RMB 514,034 thousand for the year ended December 31, 2023, compared to RMB 534,303 thousand in 2022, representing a decrease of approximately 3.5%[24] - Revenue from external customers in Hong Kong was RMB 20,269 thousand for the year ended December 31, 2023, compared to RMB 15,029 thousand in 2022, indicating an increase of approximately 35.0%[24] - The group generated RMB 314,251 thousand from product sales in 2023, with a notable contribution from system development services amounting to RMB 4,801 thousand[28] Expenses and Costs - Selling and distribution expenses increased to RMB 21.5 million from RMB 9.1 million in 2022, reflecting the company's efforts to expand its market presence[5] - Administrative expenses rose to RMB 42.2 million, up from RMB 24.1 million in the previous year, indicating increased operational costs[5] - Financial costs increased to RMB 10,832,000 from RMB 8,348,000 year-over-year, reflecting higher interest expenses[31] - The group recorded impairment losses of RMB 17.8 million for trade receivables, RMB 1.1 million for prepayments, and RMB 96,000 for finance lease receivables, reflecting a significant increase in expected credit losses[93] - Sales costs increased significantly by RMB 417.1 million or 663.4% to RMB 480.0 million, driven by the recovery of the Chinese tourism industry and changes in revenue recognition[82][83] Assets and Liabilities - Total assets decreased from RMB 432,853,000 to RMB 238,497,000, a decline of approximately 45%[9] - Total liabilities increased from RMB 478,751,000 to RMB 281,251,000, an increase of about 70%[9] - The company reported a significant increase in inventory from RMB 5,250,000 to RMB 4,817,000, an increase of about 9%[9] - The net amount of deposits and other receivables decreased from RMB 787.43 million as of December 31, 2022, to RMB 664.10 million as of December 31, 2023, primarily due to a reduction in ticket booking deposits by RMB 449 million[105] - The group’s cash and bank balances increased to RMB 56.5 million from RMB 43.8 million year-on-year[112] Future Outlook and Strategy - The company plans to continue focusing on the development of new products and technologies to enhance its market position[2] - The group anticipates that domestic tourism will significantly increase in 2024, with an estimated 6 billion domestic tourist trips and revenue reaching RMB 6 trillion[59] - The group is focusing on diversifying its revenue sources through online platforms and partnerships to meet changing consumer demands post-COVID-19[55] - The group plans to establish a joint venture fund management company in Hong Kong to invest in high-end hotels and quality lodging assets in China, Japan, and Southeast Asia[53] - A strategic cooperation agreement was signed with Shanghai E-commerce to expand cross-border e-commerce supply chain services, enhancing the group's business scale[55] Corporate Governance and Compliance - The company has adhered to the corporate governance code as of December 31, 2023, except for a deviation regarding the roles of the Chairman and CEO[144] - The audit committee consists of three independent non-executive directors, ensuring a wealth of business experience in financial and legal matters[149] - The company is committed to maintaining high corporate governance standards and will continue to review the separation of the roles of Chairman and CEO as appropriate[145] Shareholder and Capital Management - The issued share capital increased to 832,000,000 shares in 2023 from 800,000,000 shares in 2022, representing a growth of 4%[49] - The company raised approximately RMB 100 million through a rights issue in April 2022, issuing 200,000,000 shares at a price of RMB 0.50 per share[50] - The proceeds from the share placement are allocated as follows: 27% for repaying trade payables and bank loans (HKD 10,457,000), 55% for developing tourism-related businesses (HKD 21,302,000), and 18% for general corporate and operational funding (HKD 6,971,000)[140]

Financial Performance - For the six months ended June 30, 2023, the company reported revenue of RMB 478.56 million, a significant increase of RMB 471.6 million or 6,769.9% compared to RMB 6.966 million in the same period of 2022[6]. - Gross profit for the same period rose to RMB 30.77 million, an increase of RMB 28.0 million or 1,031.5% from RMB 2.719 million in 2022[7]. - The company recorded a net profit of RMB 15.9 million for the period, compared to a net loss of RMB 20.03 million in the previous year[8]. - The company reported a total comprehensive income of RMB 3.08 million for the period, compared to a loss of RMB 15.3 million in 2022[11]. - Earnings per share for the period were RMB 1.40, a recovery from a loss of RMB 2.71 per share in the previous year[11]. - The company reported a significant increase in inventory, which rose to RMB 6,453 thousand as of June 30, 2023, from RMB 4,817 thousand as of December 31, 2022[13]. - The company reported a pre-tax profit of RMB 11,219,000 for the six months ended June 30, 2023, compared to a loss of RMB 19,527,000 in the same period of 2022[43]. - The group recorded a profit attributable to owners of the company of RMB 11.2 million, a turnaround from a loss of RMB 19.5 million in the same period last year[95]. Revenue Sources - Revenue from external customers for the six months ended June 30, 2023, was RMB 478,560,000, a significant increase from RMB 6,966,000 for the same period in 2022[33]. - The group generated RMB 464,529,000 in revenue from mainland China for the six months ended June 30, 2023, compared to RMB 6,966,000 for the same period in 2022[33]. - Revenue from external customers in Hong Kong for the same period was RMB 14,031,000, with no revenue reported in the previous year[33]. - The total income from customer contracts for the six months ended June 30, 2023, was RMB 478,560,000, with significant contributions from various product sales including domestic tours and free travel products[38]. - Total tour sales increased by RMB 62.3 million or 2,471.3% from RMB 2.52 million in the same period last year to RMB 64.82 million, driven by increased demand following the easing of COVID-19 restrictions[76]. - Total revenue from free travel products reached RMB 396.2 million, a significant increase from zero in the same period last year[77]. - Traditional group tours generated revenue of RMB 54.33 million, accounting for 83.8% of total tour sales, while customized tours accounted for 16.2% with revenue of RMB 10.49 million[74]. Expenses and Costs - The company experienced a foreign exchange loss of RMB 12.82 million during the period, compared to a gain of RMB 4.73 million in the same period last year[10]. - The company’s administrative expenses increased to RMB 19.38 million from RMB 10.99 million in the previous year, reflecting higher operational costs[10]. - Sales costs surged to RMB 447.8 million, an increase of RMB 443.5 million or 10,443.8% from RMB 4.2 million in the previous year, due to the recovery of the tourism industry[86]. - The gross profit margin for the overall business was 6.4%, down from 39.0% in the previous year[87]. - Selling and distribution expenses increased by 68.7% to RMB 7.4 million, primarily due to a rise in employee costs as business operations resumed[90]. - Administrative expenses surged by 76.3% to RMB 19.4 million, driven by increased depreciation and higher employee costs from new business initiatives[91]. Assets and Liabilities - As of June 30, 2023, total assets amounted to RMB 457,580 thousand, a decrease from RMB 459,820 thousand as of December 31, 2022[13]. - The company reported a net loss of RMB 19,527 thousand for the six months ended June 30, 2023, compared to a net loss of RMB 42,782 thousand for the same period in 2022[14]. - Cash and cash equivalents decreased to RMB 18,109 thousand as of June 30, 2023, down from RMB 43,795 thousand at the beginning of the period[16]. - Trade receivables increased significantly to RMB 101,140 thousand as of June 30, 2023, from RMB 18,430 thousand as of December 31, 2022[13]. - The company's total equity as of June 30, 2023, was RMB 91,522 thousand, an increase from RMB 88,210 thousand as of December 31, 2022[13]. - The group recorded a share of losses from associates amounting to RMB 1.7 million during the period, compared to RMB 0.5 million in the same period last year[123]. - As of June 30, 2023, the group's current assets and current liabilities were RMB 323.1 million and RMB 358.2 million, respectively, with a current ratio of 0.9 times[111]. Business Strategy and Future Outlook - The company plans to continue expanding its travel-related products and services in response to the recovery of the tourism industry in China[6]. - The company plans to expand its health product sales, including NMN supplements, and will begin selling these products through its online platform[68]. - The company aims to open offline stores in Hong Kong to enhance the synergy between tourism and shopping[68]. - The company is diversifying its business by providing information system development services and selling digital asset products[68]. - The company anticipates continued improvement in tourism-related business performance in the second half of 2023[67]. - The travel market in China is expected to contribute over 150% growth to the GDP in 2023, indicating a strong recovery[67]. Corporate Governance - The audit committee consists of three independent non-executive directors, ensuring robust oversight of financial reporting and compliance[142]. - The company has adhered to the corporate governance code, with the exception of a deviation regarding the separation of the roles of Chairman and CEO[144]. - The company maintains a high standard of corporate governance, regularly reviewing and enhancing its practices[144]. - The board believes that the current arrangement of Mr. He serving as both Chairman and CEO is in the best interest of the company for effective management[145]. Shareholder Information - The company’s directors and senior management held a total of 328,574,700 shares, representing approximately 41.07% of the company's issued share capital as of June 30, 2023[129]. - The company has not granted any share options under the share option scheme since its adoption on June 11, 2019[139]. - The company has established a share option plan approved by shareholders, but no options have been granted to date[139]. - The major shareholders include Mr. He with 41.0718% and Ms. Qian with 41.0718% of the company's shares[136].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容 概不負責，對其準確性或完整性亦不發表任何聲明，並明確表示概不就 因本公告全部或任何部分內容而產生或因倚賴該等內容而引致的任何損 失承擔任何責任。 Feiyang International Holdings Group Limited 飛 揚 國 際 控 股（ 集 團 ）有 限 公 司 （於開曼群島註冊成立之有限公司） （股份代號：1901） 截 至2023年6月30日 止 六 個 月 的 中 期 業 績 公 告 財務摘要 截至6月30日止六個月 2023年 2022年 人民幣千元 人民幣千元 （未經審核） （未經審核） 收益 478,560 6,966 毛利 30,766 2,719 期內收益╱（虧損） 15,899 (20,031) • 本 期 間 收 益 大 幅 增 加 人 民 幣471.6百 萬 元 或6,769.9%，乃 主 要 由 於 隨 ...