公司第八届董事会第十八次会议于 2023 年 8 月 25 日以通讯表决方式召开。 会议应参加表决董事 8 名，实参加表决董事 8 名。会议符合《公司法》及《公司 章程》的有关规定。会议审议并通过了如下议题： 一、公司 2023 年半年度报告及其摘要； 表决结果：同意 8 票，反对 0 票，弃权 0 票。 报告全文详见上海证券交易所网站 www.sse.com.cn。 二、公司 2023 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 8 票，反对 0 票，弃权 0 票。 公司独立董事对本议案发表了同意的独立意见。 该事项详见公司同日披露的编号 2023-042 号公告。 特此公告。 证券代码：600054(Ａ股) 股票简称：黄山旅游(Ａ股) 编号：2023-040 900942(Ｂ股) 黄山Ｂ股(Ｂ股) 黄山旅游发展股份有限公司 第八届董事会第十八次会议决议公告 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个别及连带责任。 黄山旅游发展股份有限公司董事会 1 / 1 2023 年 8 月 26 日 ...

证券代码：600054(Ａ股) 股票简称：黄山旅游(Ａ股) 编号：2023-041 900942(Ｂ股) 黄山Ｂ股(Ｂ股) 二、公司 2023 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 3 票，反对 0 票，弃权 0 票。 监事会认为：公司 2023 年半年度募集资金存放与实际使用情况专项报告与 实际情况相符，符合中国证监会和上海证券交易所关于募集资金管理的相关要求 和《公司募集资金管理办法》的相关规定，不存在募集资金存放和使用违规的情 形。同意公司 2023 年半年度募集资金存放与实际使用情况专项报告。 1 / 2 黄山旅游发展股份有限公司 第八届监事会第十五次会议决议公告 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个别及连带责任。 公司第八届监事会第十五次会议于 2023 年 8 月 25 日以通讯表决方式召开。 会议应参加表决监事 3 名，实参加表决监事 3 名。会议符合《公司法》及《公司 章程》的有关规定。会议审议并通过了如下议题： 一、公司 2023 年半年度报告及其摘要； 表决结果：同意 3 票，反对 ...

独立董事： 高舜礼 吴吉林 丁重阳 黄山旅游发展股份有限公司 独立董事关于第八届董事会第十八次会议 有关事项的独立意见 根据中国证监会《上市公司独立董事规则》、《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》及《公司章程》、 《公司独立董事工作制度》等有关规定，我们作为黄山旅游发展股份有限公司（以 下简称"公司"）的独立董事，基于独立判断原则，对公司第八届董事会第十八 次会议审议的有关事项进行了审核，现发表独立意见如下： 公司严格按照《公司募集资金管理办法》的要求对募集资金进行管理和使用， 公司 2023 年半年度募集资金存放与实际使用情况专项报告符合中国证监会、上 海证券交易所关于上市公司募集资金存放和使用的相关规定，与实际相符，不存 在募集资金存放和使用违规的情形。我们同意公司 2023 年半年度募集资金存放 与实际使用情况专项报告。 公司 2023 年半年度募集资金存放与实际使用情况专项报告。 2023 年 8 月 25 日 ...

二、说明会召开的时间、地点 证券代码：600054(Ａ股) 股票简称：黄山旅游(Ａ股) 编号：2023-027 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 2022 年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个别及连带责任。 重要内容提示： ● 投资者可于2023年5月3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 2022 年年度业 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 2023 年 4 月 15 日发 布公司 2022 年年度报告，为便于广大投资者更全面深入地了解公司 2022 年年度 经营成果、财务状况，公司计划于 2023 年 5 月 5 日上午 10:00-11:00 举行 2022 年年度业绩说明会，就投资者关心的问题进行交流。 一、说明会类型 本次业绩说明会以网络互动方式召开，公司将针对 2022 年年度的经营成果 及 ...

Financial Performance - The company's operating revenue for 2022 was CNY 799,904,722.90, a decrease of 10.65% compared to CNY 895,205,492.93 in 2021[23]. - The net profit attributable to shareholders was CNY -131,972,554.68, representing a decline of 403.59% from CNY 43,470,966.41 in the previous year[23]. - The net cash flow from operating activities was CNY 21,335,960.39, down 77.26% from CNY 93,834,094.07 in 2021[23]. - The basic earnings per share decreased significantly due to the decline in visitor numbers, impacting revenue and profit[25]. - The weighted average return on net assets decreased, primarily due to the decline in visitor numbers and related revenue[25]. - Basic earnings per share for 2022 was -0.18 yuan, a decrease of 400% compared to 0.06 yuan in 2021[47]. - Diluted earnings per share for 2022 was also -0.18 yuan, reflecting a 400% decline from the previous year[47]. - The weighted average return on net assets was -3.15% in 2022, down 4.17 percentage points from 1.02% in 2021[47]. - The company reported a total comprehensive income of RMB -15,703,472.35 for 2022, down from RMB 80,759,629.83 in 2021[188]. Visitor Statistics - The number of visitors to the mountain decreased by 16.56% year-on-year, significantly impacting revenue and profit[24]. - The company received a total of 1.3969 million visitors at Huangshan Scenic Area, a decrease of 277,300 visitors or 16.56% compared to the previous year[65]. - The total number of visitors transported by cable cars was 3.0895 million, down by 531,200 visitors or 14.67% year-on-year[65]. - Domestic tourism in 2022 totaled 2.53 billion trips, a decrease of 716 million trips or 22.1% year-on-year[78]. Operational Changes and Strategies - The company has established a digital service management system, integrating modules such as paperless meetings and electronic seals, enhancing operational efficiency[56]. - The company launched over 100 live-streaming sales events to boost market activity and promote tourism consumption[56]. - The company has developed a new media matrix with a total of nearly 6 million followers across 16 main brand accounts and 63 sub-brand accounts[56]. - The company is accelerating project construction, with the North Sea Hotel renovation project advancing indoor and outdoor works despite challenges[56]. - The company has implemented a comprehensive reform strategy, optimizing its management control system and enhancing its compensation and performance management frameworks[56]. - The company is integrating smart tourism solutions, including the development of a one-stop service platform for destination tourism[64]. - The company is actively expanding its new retail initiatives, including offline stores and cultural product development[74]. - The company is focusing on digital empowerment to enhance tourism management, services, and marketing[74]. Financial Management and Investments - The company has a strong capital position, allowing for the integration of quality tourism resources in Huangshan and southern Anhui[64]. - The company approved a loan of 38.87 million yuan from its subsidiary to its controlling shareholder, with an interest rate of 3.51% and a repayment term until September 22, 2036[116]. - The company engaged in poverty alleviation efforts, providing support to 26 households and 61 individuals in Tangyue Village, with total donations and assistance amounting to approximately 30,000 yuan[107]. - The company has processed approximately 4,100 tons of waste bricks and tiles into sand and gravel for the Beihai Apartment renovation project[122]. - The company has produced about 1.1 million standard bricks through the recycling of construction waste for the Beihai Hotel environmental remediation project[122]. Environmental Initiatives - The company invested 53.96 million yuan in environmental protection initiatives during the reporting period, focusing on wastewater treatment and waste classification[121]. - The company upgraded its sewage treatment facilities and implemented monthly inspections to ensure compliance with discharge standards[121]. - The company actively promoted waste classification in scenic areas, achieving full coverage of waste classification facilities[121]. - The company prohibited the procurement of certain plastic products and encouraged the use of environmentally friendly alternatives[121]. - The Huangshan Tourism CBD project has been recognized as a "Green Building Demonstration Project" and has applied for the "Comprehensive Application Demonstration Project of Renewable Energy Buildings" in Anhui Province[122]. Shareholder and Dividend Information - The company plans not to distribute cash dividends for 2022 due to the reported losses, aiming to ensure stable development and enhance risk response capabilities[34]. - The company proposed a cash dividend of 1.02 yuan per 10 shares for the 2021 fiscal year, totaling approximately 74.40 million yuan, which represented 171.14% of the net profit attributable to shareholders[98]. - The company’s cash dividend policy requires that cumulative cash distributions over three years must not be less than 30% of the average distributable profit for those years[98]. - The company aims to develop a scientific and stable dividend policy to actively return value to investors in the future[98]. Internal Control and Compliance - The company established a comprehensive and effective internal control system, continuously improving it based on industry characteristics and operational realities, enhancing decision-making efficiency[101]. - The internal control audit report from Rongcheng Accounting Firm confirmed that the company maintained effective financial reporting internal controls as of December 31, 2022[102]. - The company has not reported any major accounting errors or non-standard audit opinions during the reporting period[125]. - The company has not faced any legal violations or penalties affecting its integrity during the reporting period[130].

Dividend and Profit Distribution - The company plans to distribute a cash dividend of 1.02 CNY per 10 shares to all shareholders, based on the total share capital as of the dividend distribution date[7]. - The profit distribution proposal is subject to approval at the 2021 annual general meeting[7]. - The company does not plan to implement capital reserve transfers to increase share capital in this profit distribution[7]. - Due to losses in 2020 caused by the COVID-19 pandemic, the company proposed no cash dividend distribution for the year, which was approved in the board meeting and the annual shareholders' meeting[149]. - The company has established a cash dividend policy, allowing for cash, stock, or a combination of both for profit distribution, with a minimum of 30% of the average distributable profit over three years for cash distributions[149]. Financial Performance - The company's operating revenue for 2021 was ¥895,205,492.93, an increase of 20.84% compared to ¥740,843,191.93 in 2020[28]. - The net profit attributable to shareholders for 2021 was ¥43,470,966.41, a significant recovery from a loss of ¥46,372,731.00 in 2020[28]. - The net cash flow from operating activities for 2021 was ¥93,834,094.07, a recovery from a negative cash flow of ¥1,035,807.49 in 2020[28]. - The total assets at the end of 2021 were ¥5,150,077,687.08, reflecting a 5.24% increase from ¥4,893,855,661.57 at the end of 2020[31]. - The basic earnings per share for 2021 was ¥0.06, compared to a loss of ¥0.06 per share in 2020[31]. - The weighted average return on net assets increased to 1.02% in 2021 from -1.05% in 2020, an increase of 2.07 percentage points[31]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥51,003,324.56 for 2021, an improvement from -¥101,858,921.55 in 2020[28]. Visitor Statistics - The number of visitors to the mountain increased by 10.76% year-on-year, contributing to the rise in operating revenue and profit[31]. - The number of visitors reached 1.6742 million, an increase of 162,700 compared to the same period last year, representing a growth of 10.76%[43]. - The total number of visitors transported by cable cars and gondolas was 3.6207 million, an increase of 488,700 from the previous year, reflecting a growth of 15.60%[43]. Strategic Development and Market Expansion - The company plans to continue expanding its market presence and enhancing its service offerings to drive future growth[31]. - The company is advancing a multi-faceted tourism development strategy, focusing on integrating mountain, water, village, cave, town, and tea resources[43]. - The company is actively embracing digital transformation, launching a new version of its official platform with enhanced features such as automatic ID recognition and electronic invoicing[43]. - The company is expanding its restaurant operations with new locations in Beijing, Hefei, Ningbo, and other cities, while also planning additional sites[43]. - The company aims to become a leading global destination tourism flagship enterprise by integrating Huangshan's tourism resources and expanding its market presence[93]. Risk Management - The company has detailed potential risks in the report, particularly in the section discussing future development[9]. - The company emphasizes the importance of investment risk awareness in its forward-looking statements[8]. - The company faces industry risks due to economic downturns and natural disasters, which may impact tourism demand, and plans to implement emergency mechanisms to mitigate these risks[101]. - The company recognizes market risks from increasing competition in the tourism sector and aims to enhance its core competitiveness through strategic resource allocation[101]. Corporate Governance - The company has established a complete and effective internal control system, enhancing its risk prevention capabilities and operational standards[109]. - The board of directors consists of 9 members, including 3 independent directors, ensuring compliance with relevant regulations and effective decision-making[106]. - The company conducted 10 board meetings during the reporting period, with all directors present and independent opinions provided on significant matters[106]. - The company is committed to maintaining good investor relations through various communication channels, ensuring transparency and responsiveness to investor inquiries[109]. Environmental and Social Responsibility - The company has upgraded its wastewater treatment processes and established an online monitoring system to ensure compliance with environmental standards[159]. - The company has adopted innovative waste disposal methods to improve efficiency in garbage collection and treatment, focusing on environmentally friendly practices[159]. - The company has committed to a comprehensive ban on certain plastic products, promoting the use of environmentally friendly alternatives[161]. - The company actively supported local economic development by helping 26 households and 61 individuals in rural areas, conducting over 30 assistance activities, and donating approximately 30,000 yuan[166]. Investment and Financial Management - The company has engaged in wealth management with a total of CNY 1 billion from self-owned funds and CNY 300 million from raised funds, with no overdue amounts[183]. - The company has authorized the management of ticket sales for the Huangshan Scenic Area, with agreements signed on December 15, 2021[182]. - The company has invested CNY 55.15 million to acquire a 40.85% stake in a tea company[182]. - The company reported a total of 19,000 million RMB in structured deposits with an annualized return rate of 3.63%[187].

Financial Performance - The company's operating revenue for Q3 2021 was ¥208,219,026.95, a decrease of 18.08% compared to the same period last year[7] - The net profit attributable to shareholders for Q3 2021 was -¥9,881,913.98, representing a decline of 124.41% year-on-year[7] - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2021 was -¥16,827,087.07, a decrease of 154.98% compared to the previous year[7] - The basic earnings per share for Q3 2021 was -¥0.0135, a decrease of 124.32% year-on-year[10] - The diluted earnings per share for Q3 2021 was also -¥0.0135, reflecting the same decline as basic earnings per share[10] - Total revenue for the first three quarters of 2021 reached ¥668,971,623.37, a significant increase of 47.3% compared to ¥454,274,894.53 in the same period of 2020[31] - Net profit for the first three quarters of 2021 was ¥28,612,126.93, recovering from a net loss of ¥47,744,066.35 in the previous year[35] - The total comprehensive income attributable to the parent company was CNY 13,084,672.18, compared to a loss of CNY 214,952,149.46 in the previous year[37] - The basic and diluted earnings per share were CNY 0.0338, compared to a loss of CNY -0.0657 in the previous year[37] Assets and Liabilities - The total assets at the end of the reporting period were ¥5,037,816,217.24, an increase of 2.94% from the end of the previous year[10] - The company's total assets increased to ¥5,037,816,217.24, compared to ¥4,893,855,661.57 at the end of the previous period, reflecting a growth of 2.9%[31] - Non-current liabilities totaled ¥251,632,821.70, a substantial increase from ¥69,101,391.04 in the previous year[31] - Total non-current assets amounted to approximately $2.81 billion, a decrease from $3.08 billion, reflecting a reduction of about 8.7%[44] - Total assets reached approximately $4.89 billion, down from $5.16 billion, indicating a decline of about 5.2%[44] - Current liabilities totaled approximately $358.99 million, a decrease from $397.07 million, representing a reduction of about 9.5%[49] - Total liabilities amounted to approximately $428.09 million, down from $691.96 million, showing a significant decrease of about 38.0%[49] - Shareholders' equity totaled approximately $4.47 billion, remaining stable compared to the previous period[49] Cash Flow - The net cash flow from operating activities for the year-to-date was ¥77,078,850.27, reflecting a significant increase of 201.80%[10] - The net cash flow from operating activities was CNY 77,078,850.27, a significant improvement from a negative cash flow of CNY -75,719,489.31 in the same period last year[41] - Cash inflow from operating activities totaled CNY 834,422,994.63, up from CNY 564,599,290.95 year-over-year[41] - The cash outflow from operating activities was CNY 757,344,144.36, compared to CNY 640,318,780.26 in the previous year[41] - The net cash flow from investing activities was CNY -1,430,205,240.08, worsening from CNY -674,359,357.11 in the same period last year[43] - Cash inflow from investment activities was CNY 898,590,595.07, while cash outflow was CNY 2,328,795,835.15[43] - The net cash flow from financing activities was CNY -25,754,673.19, compared to CNY -80,453,284.03 in the previous year[43] - The ending cash and cash equivalents balance was CNY 593,810,179.26, down from CNY 970,825,812.88 year-over-year[43] Visitor Statistics - The number of visitors to the mountain increased by 34.82% year-on-year, contributing to a revenue increase for the year-to-date[12] - The company experienced a 27.47% year-on-year decrease in visitor numbers during Q3, which negatively impacted revenue and profits[15] - The cumulative number of visitors to Huangshan Scenic Area from the beginning of the year to the reporting period reached 1.3125 million, an increase of 34.82% year-on-year[22] Shareholder Information - The total number of common shareholders at the end of the reporting period was 52,448[16] - The largest shareholder, Huangshan Tourism Group Co., Ltd., holds 296,595,750 shares, accounting for 40.66% of total shares[16] Investments and Projects - The company approved an investment of 100 million RMB in the Nanjing Saifu Equity Investment Fund[22] - The company plans to establish a joint venture with Shanghai Yunxin Venture Capital with a registered capital of 12 million RMB, contributing 5.61 million RMB[22] - The company completed the comprehensive upgrade project of Huashan Miku Scenic Area during the reporting period[22] Tax and Expenses - The company incurred tax expenses of ¥14,316,942.00, down from ¥19,919,047.43 in the previous year, indicating improved tax efficiency[35] - The company's research and development expenses were not detailed, but management indicated a focus on innovation and new product development moving forward[35] Cash Management - The company reported a significant decrease in accounts payable from ¥111,577,754.04 to ¥84,592,082.54, indicating better cash management[31] - As of September 30, 2021, cash and cash equivalents amounted to 593.81 million RMB, down from 1.97 billion RMB at the end of 2020[26] - The total current assets as of September 30, 2021, were 1.97 billion RMB, a decrease from 2.08 billion RMB at the end of 2020[26] Future Outlook - The company is committed to ongoing investments in new technologies and market expansion strategies to drive future growth[52]

Financial Performance - The company's operating revenue for the first half of the year reached ¥460,752,596.42, a 130.27% increase compared to ¥200,095,908.80 in the same period last year [24]. - Net profit attributable to shareholders was ¥34,500,986.16, a significant recovery from a loss of ¥88,424,218.55 in the previous year [24]. - The net cash flow from operating activities improved to ¥50,422,330.11, compared to a negative cash flow of ¥158,768,168.25 in the same period last year [24]. - Basic earnings per share rose to ¥0.0473 from a loss of ¥0.1212 in the previous year [24]. - The weighted average return on equity increased to 0.81%, up by 2.88 percentage points from -2.07% in the previous year [24]. - The total assets at the end of the reporting period were ¥5,054,109,634.42, reflecting a 3.27% increase from ¥4,893,855,661.57 at the end of the previous year [24]. - The net assets attributable to shareholders increased to ¥4,287,093,645.06, a 0.57% rise from ¥4,262,652,858.90 at the end of the previous year [24]. - The company reported a total of ¥18,381,891.71 in net non-recurring gains after accounting for minority interests and income tax effects [30]. - The company achieved a total revenue of 461 million yuan, an increase of 261 million yuan or 130.27% year-on-year [41]. - The net profit attributable to shareholders was 34.501 million yuan, an increase of 123 million yuan compared to the same period last year, marking a turnaround from loss to profit [41]. Visitor Statistics - The number of visitors to the mountain increased by 90.00% year-on-year, contributing to the rise in operating revenue [24]. - In the first half of 2021, the company received a total of 980,800 visitors at Huangshan Scenic Area, an increase of 464,600 visitors or 90.00% compared to the same period last year [41]. - The company transported 2.0437 million visitors via cable cars, an increase of 1.0442 million visitors or 104.47% compared to last year [41]. Tourism Market Insights - In the first half of 2021, domestic tourism reached 1.871 billion trips, a year-on-year increase of 100.8%, recovering to 60.9% of the 2019 level [32]. - Domestic tourism revenue totaled 1.63 trillion yuan, up 157.9% year-on-year, recovering to 58.6% of the 2019 level [32]. - The tourism market in China is projected to reach 10 trillion yuan in consumption during the 14th Five-Year Plan period, with 10 billion trips expected [32]. Company Operations and Developments - The company operates over 10 hotels, including the first five-star resort hotel in Huangshan managed by InterContinental Hotel Group [33]. - The company has completed the construction of the Huashan Miku Scenic Area, which is set to commence operations soon [33]. - The company is advancing its collaboration with Ant Group to develop a one-stop service platform for tourism [36]. - The company has established a brand matrix centered around "Yunlu," enhancing its hotel brand influence [33]. - The company’s cable car operations are recognized as top-tier in safety management and service quality nationwide [35]. - The company is focusing on the integration of tourism and digital economy, enhancing its competitive edge in the market [37]. - The company is actively pursuing project construction as a revenue growth point, focusing on policy investment guidance [48]. - New product offerings include high-end customized travel products and themed activities, enhancing market engagement [48]. Financial Management and Investments - The company reported a significant increase in other current assets by 517.82% to ¥181,674,989.22, primarily due to an increase in fixed-income bank wealth management products [53]. - The company provided loans to its associate, Blue City Town, totaling 130 million RMB during the reporting period [92]. - The company approved a capital increase of 120 million RMB to its affiliate, with its contribution being 58.8 million RMB [104]. - The company plans to use up to 300 million RMB of idle raised funds and 1 billion RMB of idle self-owned funds for cash management within one year [108]. Environmental and Social Responsibility - The report includes a section on environmental and social responsibility, highlighting the company's commitment to sustainable practices [11]. - The company has implemented environmental protection measures, including upgrading wastewater treatment facilities and promoting waste reduction initiatives in the Huangshan scenic area [85]. - The company achieved a significant reduction in carbon emissions, with a notable decrease in CO2 emissions per unit of output, recognized with the Earthcheck Silver Award [88]. - The company has actively supported poverty alleviation and rural revitalization, generating over 500,000 RMB in online sales for local agricultural products [89]. Corporate Governance - The board of directors confirmed that all members attended the board meeting, ensuring the accuracy and completeness of the semi-annual report [5]. - The financial report has been confirmed by the responsible persons, ensuring its authenticity and completeness [4]. - The company appointed new board members, including Pei Bin, Sun Jun, and Jiang Jiti, and elected independent directors such as Gao Shunli, Wu Jilin, and Ding Zhongyang [79]. - The integrity status of the company and its major stakeholders remained good, with no significant debts unpaid [100]. Risk Management - The company emphasizes the importance of risk awareness regarding forward-looking statements and potential risks faced [7]. - The company has detailed the potential risks in the management discussion and analysis section of the report [8]. - The semi-annual report has not been audited, which may affect the reliability of the financial data presented [5]. Shareholder Information - The company did not distribute dividends or issue bonus shares during the reporting period, with a payout of 0 per 10 shares [80]. - The total number of ordinary shareholders at the end of the reporting period was 54,137 [110]. - The largest shareholder, Huangshan Tourism Group Co., Ltd., holds 296,595,750 shares, representing 40.66% of total shares [114]. - The second largest shareholder, Kuwait Investment Authority, holds 9,200,138 shares, representing 1.26% of total shares [114].

1 / 20 | 目录 | | --- | 公司代码：600054 公司简称：黄山旅游 900942 黄山 B 股 | 一、 | 重要提示 | 3 | | --- | --- | --- | | 二、 | 公司基本情况 | 3 | | 三、 | 重要事项 | 5 | | 四、 | 附录 | 8 | 黄山旅游发展股份有限公司 2018 年第三季度报告 2018 年第三季度报告 1.2 公司全体董事出席董事会审议季度报告。 1.3 公司负责人章德辉、主管会计工作负责人陶平及会计机构负责人（会计主管人员）吴胜保证 季度报告中财务报表的真实、准确、完整。 1.4 本公司第三季度报告未经审计。 二、 公司基本情况 2.1 主要财务数据 3 / 20 单位：元 币种：人民币 本报告期末 上年度末 本报告期末比上年 度末增减(%) 总资产 4,800,914,526.69 4,778,383,578.13 0.47 归属于上市公司股东的净资产 4,158,907,380.41 4,138,980,780.65 0.48 年初至报告期末 （1-9 月） 上年初至上年报告 期末（1-9 月） 比上年同期增减 (%) 经营活动产 ...

Financial Performance - The company's operating revenue for the first half of 2018 was ¥682,270,261.26, a decrease of 6.01% compared to ¥725,862,289.02 in the same period last year[19]. - The net profit attributable to shareholders for the first half of 2018 was ¥218,855,411.64, representing an increase of 17.03% from ¥187,005,958.97 in the previous year[19]. - The net cash flow from operating activities decreased by 34.14% to ¥162,742,115.98, down from ¥247,111,030.29 in the same period last year[19]. - Basic earnings per share for the first half of 2018 were ¥0.2929, an increase of 17.07% compared to ¥0.2502 in the same period last year[20]. - The company reported a profit of ¥4.85 million from its 80% owned subsidiary, Huangshan Yuping Cableway Co., Ltd.[47]. - The company reported a comprehensive income total of CNY 93,125,290.58, compared to CNY 10,499,720.76 in the same period last year[84]. - The company reported a significant increase in cash inflow from investment activities, indicating a strategic focus on enhancing investment returns[93]. Assets and Liabilities - The total assets at the end of the reporting period were ¥4,698,316,648.35, a decrease of 1.68% from ¥4,778,383,578.13 at the end of the previous year[19]. - The total liabilities of the company were CNY 591,054,245.47, which is an increase from CNY 575,203,758.06 at the beginning of the period[76]. - The company's total equity decreased to CNY 4,107,262,402.88 from CNY 4,203,179,820.07, reflecting a decline of 2.3%[76]. - The company's total assets amounted to CNY 4,592,123,749.75, slightly down from CNY 4,650,197,469.60 at the end of the previous period[81]. - The company's total equity at the end of the reporting period is 4,227,623,000 RMB, with a capital stock of 747,300,000 RMB[101]. Market and Operations - In the first half of the year, the company received 1.4814 million visitors, a year-on-year decrease of 9.94%[28]. - The company is recognized as a benchmark in mountain scenic area management and has contributed to the development of national standards for scenic area services[22]. - The company is actively expanding its market channels and has formed a tourism marketing alliance to enhance its market presence[30]. - The company is implementing a real-name reservation system, successfully launching "Scan to Enter Huangshan" to improve visitor management[29]. - The company aims to transition from a ticket-based economy to an industry-based economy to improve overall tourism revenue and ensure stable operations[51]. Investment and Projects - The company invested ¥112 million to acquire a 56% stake in Huangshan Taiping Lake Cultural Tourism Co., Ltd.[43]. - The environmental renovation project for Beihai Hotel has an adjusted investment of ¥301.66 million, reflecting a delay in project progress due to extensive consultations[44]. - The company has completed significant projects such as the renovation of Beihai Hotel and the planning of Huashan Miku project[29]. Risk Management - The company emphasizes the importance of risk awareness in its forward-looking statements and encourages investors to consider investment risks[6]. - The company is facing industry risks due to strong environmental sensitivity, with potential impacts from economic crises, natural disasters, and pandemics[49]. - The company has established emergency response mechanisms to minimize losses from natural disasters and unforeseen events[49]. - The company plans to accelerate external expansion and diversify its tourism-related segments to mitigate risks associated with economic and environmental factors[49]. Shareholder Information - The total number of ordinary shareholders reached 48,632 by the end of the reporting period[66]. - The largest shareholder, Huangshan Tourism Group Co., Ltd., holds 39.69% of the shares, totaling 296,595,750 shares[66]. - Value Partners Classic Fund reduced its holdings by 3,693,700 shares, now holding 9,637,962 shares[66]. Corporate Governance - The company appointed a new management team, including the election of a new chairman and several directors, indicating a strategic leadership change[70]. - The company continues to hire and train management talent to strengthen its governance structure and operational management[50]. Social Responsibility - The company has implemented various poverty alleviation initiatives, including direct support to 25 low-income households, generating approximately 35,000 yuan in sales for local products[58]. - Total funding for poverty alleviation amounted to 110,000 RMB, with 25 individuals lifted out of poverty[59]. - The company plans to strengthen ties with local villages and enhance poverty alleviation project development[61]. - The company aims to explore a tourism plus poverty alleviation model to support local economic development[61]. Accounting and Financial Reporting - The company adheres to the accounting standards for enterprises, ensuring that its financial reports reflect a true and complete picture of its financial status[115]. - The company’s financial statements are prepared based on the assumption of going concern, with no identified issues affecting its ability to continue operations[113]. - The company recognizes deferred tax assets based on temporary differences between the carrying amount and tax base of assets and liabilities as of the balance sheet date[194]. - The company recognizes liabilities for profit-sharing plans when obligations are established and can be reliably estimated[180].