证券代码：600054(Ａ股) 股票简称：黄山旅游(Ａ股) 编号：2024-038 900942(Ｂ股) 黄山Ｂ股(Ｂ股) 黄山旅游发展股份有限公司 关于召开 2024 年第三季度业绩说明会的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： ● 投资者可于 2024 年 11 月 6 日（星期三）下午 16:00 前访问 https://ir.p5w. net/zj/，或扫描下方二维码，进入问题征集专题页面进行提问。公司将在 2024 年 第三季度业绩说明会上对投资者普遍关注的问题进行回答。 黄山旅游发展股份有限公司（以下简称"公司"）已于 2024 年 10 月 31 日 发布公司 2024 年第三季度报告，为便于广大投资者更全面深入地了解公司 2024 年第三季度经营成果、财务状况，公司计划于 2024 年 11 月 8 日上午 10:00-11:00 举行 2024 年第三季度业绩说明会，就投资者关心的问题进行交流。 （一）会议召开时间：2024 年 11 月 8 日（星期五）上午 10:00-11: ...

Financial Performance - Total revenue for Q3 2024 was CNY 577,762,437.27, a decrease of 3.25% compared to the same period last year[2] - Net profit attributable to shareholders was CNY 153,239,967.11, down 26.35% year-on-year[2] - Basic earnings per share for the period was CNY 0.2101, reflecting a decrease of 26.36% compared to the previous year[2] - The company reported a decrease in net profit attributable to shareholders for the year-to-date of 30.15% compared to the previous year[6] - The net profit for Q3 2024 was CNY 312,750,418.44, a decrease of 29.3% compared to CNY 442,914,498.18 in Q3 2023[14] - The total comprehensive income for Q3 2024 was CNY 320,402,218.44, down 28.0% from CNY 444,458,898.18 in Q3 2023[15] - Basic and diluted earnings per share for Q3 2024 were CNY 0.3906, a decline of 30.1% from CNY 0.5592 in Q3 2023[15] - Total operating revenue for the first three quarters of 2024 was CNY 1,411,834,132.83, a decrease of 1.5% compared to CNY 1,434,522,165.69 in the same period of 2023[13] - The company's net profit margin has been impacted by rising costs, with operating costs per revenue increasing significantly[13] - The company recorded a profit before tax of CNY 448,019,016.31 for Q3 2024, down 19.2% from CNY 554,443,923.52 in Q3 2023[14] Assets and Liabilities - Total assets at the end of the period were CNY 5,705,226,310.45, an increase of 0.90% from the end of the previous year[3] - Non-current liabilities totaled CNY 354,117,297.96, an increase from CNY 325,292,825.17 year-over-year[12] - Total assets reached CNY 5,705,226,310.45, compared to CNY 5,654,288,820.01 in the previous year, reflecting a slight growth[12] - The company reported a decrease in accounts payable to CNY 173,869,512.29 from CNY 213,109,748.35, indicating improved cash flow management[12] - Deferred income tax liabilities decreased to CNY 26,375,223.23 from CNY 40,161,276.77, indicating a potential improvement in tax efficiency[12] - The company's total equity increased to CNY 4,836,948,974.63 from CNY 4,691,716,796.10, showing a positive trend in shareholder value[12] Cash Flow - Net cash flow from operating activities for the year-to-date was CNY 407,773,726.63, down 38.85% year-on-year[2] - Cash flow from operating activities for the first nine months of 2024 was CNY 407,773,726.63, down 38.8% from CNY 666,864,979.25 in the same period of 2023[18] - Cash inflow from operating activities totaled CNY 1,732,651,185.79 for the first nine months of 2024, compared to CNY 1,788,170,452.04 in 2023[16] - Cash outflow from operating activities was CNY 1,324,877,459.16 in the first nine months of 2024, an increase of 18.2% from CNY 1,121,305,472.79 in 2023[18] - The net cash flow from investing activities for the first nine months of 2024 was -CNY 931,946,953.39, slightly worse than -CNY 909,703,545.77 in the same period of 2023[18] - Total cash and cash equivalents at the end of Q3 2024 were CNY 1,044,336,049.07, down from CNY 1,291,928,327.60 at the end of Q3 2023[18] Visitor Statistics - The total number of visitors to Huangshan Scenic Area reached 3.6324 million from the beginning of the year to the end of the reporting period, representing a year-on-year increase of 2.80%[9] - In the reporting period, the number of visitors to Huangshan Scenic Area was 1.4903 million, an increase of 3.35% compared to the same period last year[9] Operational Insights - The decline in net profit was primarily due to a decrease in effective ticket sales and adverse weather conditions impacting operations[6] - The company plans to focus on improving operational efficiency and exploring new market opportunities to enhance future performance[6] - The company has indicated plans for market expansion and new product development in the upcoming quarters, aiming to enhance revenue streams[13] Investments and Capital - The company's long-term equity investments increased from RMB 166.90 million to RMB 191.29 million, a growth of approximately 14.6%[10] - The company approved a capital reduction for its subsidiary, reducing registered capital from RMB 150 million to RMB 60 million[9] - The project company established with a registered capital of RMB 15 million has commenced operations[9] Inventory and Receivables - As of September 30, 2024, the company's current assets totaled approximately RMB 2.494 billion, a slight decrease from RMB 2.513 billion at the end of 2023[10] - Cash and cash equivalents decreased from RMB 1.967 billion at the end of 2023 to approximately RMB 1.050 billion[10] - The company's accounts receivable increased from RMB 28.45 million to RMB 41.86 million, reflecting a growth of approximately 47%[10] - The inventory value rose from RMB 453.45 million to RMB 500.62 million, indicating an increase of about 10.4%[10] Research and Development - Research and development expenses for the first three quarters were CNY 1,920,198.56, reflecting ongoing investment in innovation[13]

黄山旅游发展股份有限公司 会计师事务所选聘制度 第一章 总则 第一条 为规范黄山旅游发展股份有限公司（以下简称公司）选聘（含续聘、 改聘，下同）会计师事务所行为，切实维护股东利益，提高财务信息质量，根据 《中华人民共和国公司法》《中华人民共和国证券法》《国有企业、上市公司选聘 会计师事务所管理办法》《上海证券交易所股票上市规则》《上海证券交易所上市 公司自律监管指引第 1 号——规范运作》等相关法律法规、规范性文件及《黄山 旅游发展股份有限公司章程》（以下简称《公司章程》）的规定，结合公司实际情 况，制定本制度。 第二条 本制度所称选聘会计师事务所，是指公司根据有关法律法规要求， 聘任会计师事务所对本公司财务会计报告发表审计意见、出具审计报告及内部控 制审计报告的行为。 第三条 公司选聘会计师事务所应当经董事会审计委员会（以下简称审计委 员会）审议同意后，提交董事会审议，并经股东大会决定。董事会不得在股东大会决 定前委托会计师事务所开展工作。 第四条 公司控股股东、实际控制人不得在公司董事会、股东大会审议前， 向公司指定会计师事务所，不得干预审计委员会独立履行审核职责。 第二章 会计师事务所执业质量要求 第五 ...

本公司监事会及全体监事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 黄山旅游发展股份有限公司 第九届监事会第三次会议决议公告 黄山旅游发展股份有限公司（以下简称"公司"）第九届监事会第三次会议 通知于 2024 年 10 月 20 日以书面送达、传真或者电子邮件等方式发出，会议于 2024 年 10 月 30 日以通讯表决方式召开。本次会议应出席监事 3 名，实际出席 监事 3 名。本次会议由公司监事会主席方卫东先生召集并主持。本次会议的召开 符合《公司法》和《公司章程》的有关规定。本次会议审议情况如下： 一、审议通过了《公司 2024 年第三季度报告》。 表决结果：同意 3 票，反对 0 票，弃权 0 票。 监事会认为：公司 2024 年第三季度报告的内容和格式符合中国证监会及上 海证券交易所的各项规定，所包含的信息能够从各方面真实地反映出公司 2024 年第三季度的经营成果和财务状况等事项；报告的编制和审议程序符合有关法律 法规、规范性文件、《公司章程》和公司内部管理制度的各项规定；监事会未发 现参与三季报编制和审议的人员有违反保密规定的行为 ...

证券代码：600054(Ａ股) 股票简称：黄山旅游(Ａ股) 编号：2024-036 900942(Ｂ股) 黄山Ｂ股(Ｂ股) 黄山旅游发展股份有限公司 第九届董事会第四次会议决议公告 1 / 1 一、审议通过了《公司 2024 年第三季度报告》； 表决结果：同意 9 票，反对 0 票，弃权 0 票。 本议案已经公司董事会审计委员会审议通过。 报告全文详见上海证券交易所网站（www.sse.com.cn）。 二、审议通过了《关于制定<公司会计师事务所选聘制度>的议案》。 表决结果：同意 9 票，反对 0 票，弃权 0 票。 制度全文详见上海证券交易所网站（www.sse.com.cn）。 特此公告。 黄山旅游发展股份有限公司董事会 2024 年 10 月 31 日 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 黄山旅游发展股份有限公司（以下简称"公司"）第九届董事会第四次会议 通知于 2024 年 10 月 20 日以书面送达、传真或者电子邮件等方式发出，会议于 2024 年 10 月 30 日以通讯表决方式召开。本次会议应出席 ...

证券代码：600054(Ａ股) 股票简称：黄山旅游(Ａ股) 编号：2024-002 900942(Ｂ股) 黄山Ｂ股(Ｂ股) 黄山旅游发展股份有限公司投资者关系活动记录表 | --- | --- | --- | |----------------|------------------------------|------------------------------------------------------------| | | | | | | □ | 特定对象调研 □ 分析师会议 | | | □ 媒体采访 √ 业绩说明会 | | | 投资者关系活动 | □ 新闻发布会 □ 路演活动 | | | 类别 | □ 现场参观 | | | | □ 其他 | | | 参与单位名称及 | 参与黄山旅游 2024 | 年半年度业绩说明会的投资者 | | 人员姓名 | | | | 时间 | 2024 年 9 月 11 | 日（周三）上午 10:00-11:00 | | 地点 | 全景网"投资者关系互动平台"（ | https://ir.p5w.net ） | | 上市公司接待人 | | 公司董事长章德辉，独立董事章锦河 ...

证券代码：600054(Ａ股) 股票简称：黄山旅游(Ａ股) 编号：2024-035 900942(Ｂ股) 黄山Ｂ股(Ｂ股) 黄山旅游发展股份有限公司 关于召开 2024 年半年度业绩说明会的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 二、说明会召开的时间、地点 （一）会议召开时间：2024 年 9 月 11 日（星期三）上午 10:00-11:00。 1 / 3 ● 会议召开时间：2024 年 9 月 11 日（星期三）上午 10:00-11:00。 ● 会议召开地点：全景网"投资者关系互动平台"（https://ir.p5w.net）。 ● 会议召开方式：本次业绩说明会将通过网络互动方式召开。 （二）会议召开地点：全景网"投资者关系互动平台"（https://ir.p5w.net）。 （三）会议召开方式：本次业绩说明会将通过网络互动方式召开。 三、参加人员 公司董事长章德辉，独立董事章锦河，董事、高级副总裁兼董事会秘书丁维 以及相关部门工作人员。 ● 投资者可于2024年9月9日（星期一）下午16: ...

Investment Rating - The report maintains a "Buy" rating for Huangshan Tourism with a target price of 13.40 yuan for the next 6 months [1] Core Views - Huangshan Tourism's H1 2024 revenue was 830 million yuan, down 0.4% YoY, with net profit attributable to parent company dropping 34.1% to 130 million yuan [1] - The company's performance decline was attributed to multiple factors including free ticket policy, heavy rainfall, increased costs, and higher income tax expenses [1] - Despite challenges, the cableway business showed resilience with revenue of 310 million yuan, up 1.3% YoY, and gross margin improving to 88.5% [1] - Future growth catalysts include the opening of Chihuang High-speed Railway and ongoing development of Huashan Mystery Cave's Flower Sea Art Realm [1] Business Performance Revenue Breakdown - Q2 2024 revenue was 500 million yuan, down 0.3% YoY [1] - Scenic area business revenue decreased 16.0% due to free ticket policy [1] - Hotel business gross margin decreased by 2.7 percentage points, while Huizhou cuisine business gross margin dropped 4.3 percentage points [1] Operational Metrics - Huangshan Scenic Area received 2.14 million visitors in H1 2024, up 2.3% YoY [1] - July 2024 saw 481,400 visitors, an 8.4% YoY increase [1] Future Development - Beihai Hotel renovation project is expected to complete by end of 2024, with over 70% of exterior construction completed [2] - Huangshan East Sea Scenic Area and East Gate Cableway are projected to open by mid-2025 [2] Financial Projections - Forecasted net profit attributable to parent company for 2024-2026: 400 million, 490 million, and 560 million yuan respectively [2] - Estimated EPS for 2024-2026: 0.58, 0.67, and 0.77 yuan [3] - Projected ROE for 2024-2026: 8.61%, 9.68%, and 10.13% [3] Valuation - Comparable companies (Lijiang Tourism, Changbai Mountain, Jiuhua Tourism) average PE for 2024-2026: 24x, 20x, 18x [6] - Huangshan Tourism's 2025 PE is estimated at 20x, supporting the target price of 13.40 yuan [6] Business Segment Projections Scenic Area Business - Projected 2024-2026 revenue: 2.64 billion, 2.66 billion, and 2.97 billion yuan [5] - Expected gross margin: 32.0%, 30.0%, and 29.0% [5] Cableway Business - Forecasted 2024-2026 revenue: 7.00 billion, 8.30 billion, and 9.21 billion yuan [5] - Projected gross margin: 89.6%, 87.8%, and 86.5% [5] Hotel Business - Estimated 2024-2026 revenue: 4.82 billion, 6.21 billion, and 6.52 billion yuan [5] - Expected gross margin: 38.7%, 42.0%, and 43.0% [5]

Financial Performance - The company's operating revenue for the first half of 2024 was CNY 834,071,695.56, a decrease of 0.39% compared to CNY 837,333,619.82 in the same period last year[16]. - The net profit attributable to shareholders for the first half of 2024 was CNY 131,657,204.34, down 34.10% from CNY 199,793,680.75 in the previous year[16]. - The net cash flow from operating activities decreased by 48.65%, amounting to CNY 176,231,632.26 compared to CNY 343,197,497.81 in the same period last year[16]. - The basic earnings per share for the first half of 2024 was CNY 0.1805, a decline of 34.10% from CNY 0.2739 in the previous year[18]. - The total assets at the end of the reporting period were CNY 5,563,927,623.28, a decrease of 1.60% from CNY 5,654,288,820.01 at the end of the previous year[17]. - The net assets attributable to shareholders at the end of the reporting period were CNY 4,461,002,593.90, down 0.57% from CNY 4,486,489,092.52 at the end of the previous year[17]. - The weighted average return on equity decreased to 2.94%, down 1.84 percentage points from 4.78% in the previous year[18]. - The decrease in net profit was primarily due to a reduction in the number of effective ticket purchases and the impact of heavy rainfall in late June[19]. - The company received government subsidies amounting to CNY 5,340,719.68 during the reporting period[20]. - Non-recurring gains and losses totaled CNY 7,111,096.88 after accounting for tax effects and minority interests[21]. Tourism and Services - In the first half of 2024, domestic tourism trips reached 2.725 billion, a year-on-year increase of 14.3%[22]. - Total domestic tourism spending in the first half of 2024 was CNY 2.73 trillion, reflecting a year-on-year growth of 19.0%[22]. - The company operates several scenic areas, including Huangshan, Huashan Miku Scenic Area, and Taiping Lake, enhancing its tourism service offerings[23]. - The company has over ten hotels, including the first international high-end hotel in Huangshan, contributing to its accommodation and dining services[23]. - The company’s travel agency, Huangshan China Travel Agency, is a 5A-level agency and has been recognized as one of the "Top 100 Travel Agencies" in China[24]. - The company is developing a smart tourism platform to integrate local tourism resources and enhance visitor experiences[24]. - The company has established a strong brand presence, with Huangshan recognized as a national 5A-level scenic area and a "Chinese Famous Trademark"[25]. - The company benefits from a strategic location in Huangshan, which is well-connected to major cities in the Yangtze River Delta, enhancing its tourism potential[25]. - The company received a total of 2.1396 million visitors at Huangshan Scenic Area, an increase of 48,100 visitors or 2.30% compared to the same period last year[27]. Financial Position and Assets - The company's cash and cash equivalents decreased by 45.83% to CNY 1,065,529,283.30, representing 19.15% of total assets[31]. - Other receivables increased by 120.01% to CNY 46,072,938.60, accounting for 0.83% of total assets[31]. - The company’s financial assets at fair value decreased by CNY 5,038,370.11, with a total ending balance of CNY 513,598,939.32[35]. - The company’s investment in Huazhong Securities recorded a fair value loss of CNY 6,271,200.00, with an ending balance of CNY 39,405,600.00[36]. - The total current assets as of June 30, 2024, amounted to CNY 2,333,830,069.75, a decrease from CNY 2,513,319,804.21 as of December 31, 2023, representing a decline of approximately 7.14%[70]. - Cash and cash equivalents decreased to CNY 1,065,529,283.30 from CNY 1,967,041,619.78, reflecting a significant drop of about 45.9%[70]. - Accounts receivable increased to CNY 36,449,069.58 from CNY 28,452,331.51, showing an increase of approximately 28.2%[70]. - Inventory rose to CNY 476,267,332.19 from CNY 453,445,068.11, indicating an increase of about 5.03%[70]. - Long-term equity investments increased to CNY 193,257,519.73 from CNY 166,895,064.06, representing a growth of approximately 15.7%[70]. Governance and Compliance - All board members attended the board meeting to approve the report[3]. - The company has confirmed that there are no non-operating fund occupations by controlling shareholders or related parties[7]. - The company has not disclosed any significant changes in shareholder structure during the reporting period[6]. - The report is structured to provide a comprehensive overview of the company's governance and social responsibility[6]. - The company reported no significant litigation or arbitration matters during the reporting period[55]. - The company has maintained a good integrity status, with no unfulfilled court judgments or significant debts due[55]. - The company completed the election of the ninth board of directors and supervisory board on May 31, 2024, with new appointments including Mr. Zhang Dehui as chairman and Mr. Sun Jun as president[45]. Environmental Responsibility - The company is committed to environmental responsibility, implementing measures such as upgrading sewage treatment facilities and promoting waste classification in tourist areas[51]. - The company is actively pursuing carbon reduction strategies, including transitioning to electric energy sources and promoting the use of clean energy equipment[52]. - The company has initiated a plan to enhance tourist facilities, including upgrading public restrooms and improving waste management systems[51]. - The company has implemented a monthly inspection system for environmental management to ensure compliance with regulations[51]. - The company is committed to optimizing its industrial layout and innovating tourism products to ensure sustainable and healthy development amid market competition[42]. Investment and Development - The company is advancing the construction of various projects, including the renovation of hotels and the development of new recreational facilities[27]. - The company plans to invest approximately CNY 150 million in the upgrade and renovation of the Huangshan International Hotel[34]. - The company completed the acquisition of 3,000,000 shares of Xie Yuda from Huangshan Tourism Group for a total of 12.6 million RMB, resulting in a 4.41% ownership stake in Xie Yuda[37]. - The total capital contribution to the Huangshan Saifu Tourism Cultural Industry Development Fund was increased from 200 million RMB to 240 million RMB, with a final total capital of 1 billion RMB received from partners[38]. - The company’s subsidiary, Huangshan Yuping Cableway Co., Ltd., reported total assets of 255.12 million RMB and a net profit of 72.22 million RMB for the reporting period[40]. Risk Management - The company has detailed potential risks in the "Management Discussion and Analysis" section of the report[10]. - The company emphasizes the importance of investment risk awareness for investors regarding future plans and strategies[5]. - The report includes a risk statement indicating that forward-looking statements do not constitute a commitment to investors[5]. - The company faced industry risks due to environmental sensitivity and economic fluctuations, prompting strategies to diversify operations and enhance emergency response mechanisms[41]. Shareholder Information - The total number of ordinary shareholders as of the end of the reporting period is 52,347[67]. - No dividends or stock bonuses were distributed during the reporting period, with each 10 shares receiving 0 in dividends[46]. - The company has not disclosed any new employee stock ownership plans or incentive measures during the reporting period[48].

证券代码：600054(Ａ股) 股票简称：黄山旅游(Ａ股) 编号：2024-032 900942(Ｂ股) 黄山Ｂ股(Ｂ股) 黄山旅游发展股份有限公司 第九届董事会第三次会议决议公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 黄山旅游发展股份有限公司（以下简称"公司"）第九届董事会第三次会议 通知于 2024 年 8 月 18 日以书面送达、传真或者电子邮件等方式发出，会议于 2024 年 8 月 28 日以通讯表决方式召开。本次会议应出席董事 9 名，实际出席董 事 9 名。本次会议由公司董事长章德辉先生召集并主持。本次会议的召开符合《公 司法》和《公司章程》的有关规定。本次会议审议情况如下： 一、审议通过了《公司 2024 年半年度报告及其摘要》； 二、审议通过了《公司 2024 年半年度募集资金存放与实际使用情况专项报 告》。 表决结果：同意 9 票，反对 0 票，弃权 0 票。 具体内容详见公司同日在上海证券交易所网站（www.sse.com.cn）披露的《黄 山旅游发展股份有限公司关于 2024 年半年度募集资金 ...