Financial Performance - The company's operating revenue for Q1 2023 was CNY 1,657,756,086.53, representing a year-on-year increase of 20%[3] - The net profit attributable to shareholders was a loss of CNY 4,801,532.12, compared to a loss of CNY 112,054,142.13 in the same period last year[5] - The net cash flow from operating activities was a negative CNY 56,478,835.01, an improvement from a negative CNY 348,961,625.60 in the previous year[5] - The weighted average return on net assets was -0.08%, improving from -1.78% in the same period last year[5] - The basic and diluted earnings per share were both -0.0066, compared to -0.1548 in the previous year[5] - The net profit attributable to the parent company for Q1 2023 was -4,801,532.12 RMB, compared to -112,054,142.13 RMB in Q1 2022, indicating a significant improvement[21] - The total comprehensive income for Q1 2023 was -17,034,584.70 RMB, compared to -178,542,192.12 RMB in the same period last year, reflecting a reduction in losses[21] - Net profit for Q1 2023 was a loss of ¥15,559,326.43, compared to a loss of ¥177,822,237.83 in Q1 2022, indicating an improvement in financial performance[20] Revenue and Visitor Statistics - The Wuzhen Scenic Area received 1.2742 million visitors, a year-on-year increase of 626.45%, generating revenue of CNY 0.331 billion, up 137.59%[10] - The Gubei Water Town welcomed 248,500 visitors, a year-on-year increase of 19.59%, with revenue of CNY 0.165 billion, up 10.43%[11] - The integrated marketing business achieved revenue of CNY 0.239 billion, a year-on-year increase of 43.61%[11] - In Q1 2023, the company achieved operating revenue of CNY 1.658 billion, a year-on-year increase of 20.00%[9] Assets and Liabilities - Total assets at the end of Q1 2023 were CNY 17,335,561,996.32, down 1.30% from CNY 17,564,752,231.70 at the end of the previous year[4] - Total liabilities for Q1 2023 were ¥9,251,042,766.18, a decrease from ¥9,461,927,167.62 in the previous period[17] - Current assets totaled ¥5,896,766,292.77, down from ¥6,119,605,698.33, indicating a decline of approximately 3.6%[17] - The total equity as of Q1 2023 was CNY 3,179,704,180.95, slightly down from CNY 3,184,599,234.57 in Q1 2022[28] Cash Flow and Liquidity - As of March 31, 2023, the company's cash and cash equivalents were CNY 975.93 million, down from CNY 1.197 billion at the end of 2022[15] - The total cash inflow from financing activities in Q1 2023 was 1,117,800,000.00 RMB, compared to 1,736,200,000.00 RMB in Q1 2022, indicating a decrease of approximately 36%[25] - The net cash flow from financing activities for Q1 2023 was 48,317,767.46 RMB, a decline from 776,861,030.14 RMB in the previous year[25] - The cash inflow from operating activities in Q1 2023 was 2,045,427,782.79 RMB, up from 1,825,291,103.43 RMB in Q1 2022, showing a year-over-year increase of approximately 12%[23] Strategic Initiatives - The company is focusing on gradually releasing tourism consumption potential as the market shows signs of recovery[5] - The company launched new smart features in scenic areas, including facial recognition and self-service language guides, to enhance visitor experience[10] - The hotel business reported revenue growth, continuing its digital transformation to improve service quality[13] - The company is actively expanding outbound tourism products, successfully launching trips to Thailand, Egypt, UAE, New Zealand, and Serbia[12] - The company maintains stable development in strategic investment, contributing to steady income and profit[14] Research and Development - The company reported an increase in research and development expenses to ¥2,397,214.28 from ¥2,283,992.56 year-over-year[20] - Research and development expenses for Q1 2023 were CNY 152,853.65, significantly higher than CNY 15,000.00 in Q1 2022, indicating increased investment in innovation[29] Operational Costs - Total operating costs for Q1 2023 were ¥1,654,200,113.01, up from ¥1,564,634,795.26 in Q1 2022, reflecting a rise of approximately 5.5%[20] - The total operating cash outflow for Q1 2023 was 2,101,906,617.80 RMB, compared to 2,174,252,729.03 RMB in Q1 2022, reflecting a decrease of about 3%[24] - Operating costs for Q1 2023 were CNY 8,577,765.38, down from CNY 13,561,846.19 in the same period last year, reflecting a reduction of 36.5%[29]

Financial Performance - The company's operating revenue for 2022 was approximately ¥6.42 billion, a decrease of 25.69% compared to ¥8.64 billion in 2021[22]. - The net profit attributable to shareholders of the listed company was approximately -¥333.55 million, a significant decline from a profit of ¥21.23 million in 2021, representing a decrease of 1,670.90%[22]. - The net cash flow from operating activities was -¥312.16 million, a decrease of 134.51% compared to ¥904.53 million in 2021[22]. - The total assets at the end of 2022 were approximately ¥17.56 billion, a slight increase of 0.66% from ¥17.45 billion at the end of 2021[22]. - The net assets attributable to shareholders of the listed company decreased by 5.18% to approximately ¥6.02 billion from ¥6.35 billion in 2021[22]. - The basic earnings per share for 2022 was -¥0.46, compared to ¥0.03 in 2021, reflecting a significant decline[23]. - The weighted average return on net assets was -5.40% for 2022, down from 0.34% in 2021, a decrease of 5.74 percentage points[23]. - The company reported a net profit attributable to shareholders was -334 million RMB for the year[31]. - The net profit attributable to shareholders, excluding non-recurring gains and losses, was -417,718,633.90 RMB, a significant decline compared to -114,582,084.22 RMB in the previous year[182]. Revenue Breakdown - In 2022, the company achieved revenue of 10.47 billion yuan in integrated marketing, a year-on-year decrease of 39.56% due to project delays caused by the pandemic[37]. - The hotel business reported revenue of 320 million yuan, down 17.39% year-on-year, while focusing on digital transformation and personalized service to enhance customer experience[39]. - The revenue from scenic area operations fell by 45.08%, with a gross margin of 53.89%[56]. - The company's marketing services revenue declined by 39.56%, while the gross margin for this segment was 27.11%[56]. - The total revenue from tourism products decreased by 14.94% year-over-year, amounting to approximately CNY 332.77 million, which represents 6.18% of total costs[58]. - Integrated marketing services revenue dropped by 40.23% year-over-year, totaling CNY 762.82 million, accounting for 14.16% of total costs[58]. Visitor Statistics - The Wuzhen scenic area received 1.1558 million visitors in 2022, a decline of 68.65% year-on-year[32]. - The Wuzhen scenic area generated revenue of 629 million RMB, down 64.22% compared to the previous year[32]. - The Gubei Water Town scenic area welcomed 1.1295 million visitors, a decrease of 25.70% year-on-year[34]. - The Gubei Water Town generated revenue of 688 million RMB, reflecting a decline of only 10.44% year-on-year[34]. Strategic Initiatives - The company focused on product innovation and service quality enhancement in response to the pandemic[32]. - The company plans to strengthen its marketing strategies by leveraging new channels such as live streaming[33]. - The company aims to improve its reception capacity and service levels by enhancing supporting facilities[33]. - The company is actively pursuing strategic investments, which have provided stable profit contributions during the pandemic[42]. - The company aims to become a "domestic first-class comprehensive tourism service provider" and focuses on enhancing core capabilities in tourism destination investment, operation, and management[78]. - The company plans to enhance its capital operation capabilities by broadening financing channels under the "Capital Integration" action plan[79]. Governance and Compliance - The company is committed to enhancing its governance structure and ensuring compliance with relevant regulations to protect shareholder interests[87]. - The company has a dedicated board of directors and supervisory board to ensure effective oversight and decision-making processes[88]. - The company prioritizes transparent information disclosure and investor relations to foster trust and understanding among stakeholders[90]. - The company has implemented comprehensive internal control measures, with no significant defects identified in design or execution as of the reporting period[91]. - The company maintained strict compliance with insider information management, with no incidents of insider trading reported during the period[93]. Risk Management - The company has established emergency mechanisms to address risks from major pandemics and natural disasters that could impact tourism[84]. - The company reported a significant increase in research and development expenses by 35.31% to CNY 12.65 million[55]. - The company recognizes that the modernization of the tourism industry will require increased innovation and adaptation to new market conditions[76]. Social Responsibility - Total donations for social responsibility projects amounted to CNY 300,000, benefiting 300 individuals[136]. - The company invested CNY 1,170,000 in poverty alleviation and rural revitalization projects, impacting 500 people[136]. - The company actively promotes waste sorting and environmental awareness among tourists in its operations[132]. - The company has a commitment to sustainable development, as indicated by the separate disclosure of its social responsibility report[134]. Shareholder Information - The company has a total of 66,558 common shareholders as of the end of the reporting period, an increase from 63,504[163]. - The report indicates that the actual controller of the company is the State Council, which holds 100% control through China Everbright Group[170]. - The company has not reported any changes in its controlling shareholder during the reporting period[168]. Future Outlook - The company anticipates that the tourism industry will continue to recover, driven by new consumption trends, which will be a significant engine for economic growth[77]. - The company provided a future outlook with a revenue guidance of 1.5 billion RMB for the next quarter, representing a 25% increase compared to the current quarter[104]. - The company plans to implement a new marketing strategy aimed at increasing brand awareness, with a budget allocation of 200 million RMB[104].

证券代码：600138 证券简称：中青旅 公告编号： 临2023-013 会议召开方式：上证路演中心网络互动 投资者可于 2023 年 03 月 31 日(星期五) 至 04 月 06 日(星期 四)16:00 前登录上证路演中心网站首页点击"提问预征集"栏目进 行提问。公司将在说明会上对投资者普遍关注的问题进行回答。 中青旅控股股份有限公司（以下简称"公司"）已于 2023 年 4 月 1 日披露公司 2022 年度报告，为便于广大投资者更全面深入地了解 公司 2022 年度经营成果、财务状况，公司计划于 2023 年 04 月 07 日 下午 16:00-17:00 举行 2022 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 中青旅控股股份有限公司 关于召开 2022 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： http://roadshow.sseinfo.com/） 本次投资者说明会以网络互动形式召开，公司将针对 2022 年度 会议召开时间：202 ...

中青旅控股股份有限公司 投资者调研内容纪要 时间：2022 年 4 月 29 日 方式：电话调研 接待人：董事会秘书 范思远 出 席：天风证券、民生商社等 调研内容纪要： 1.公司在疫情期间修炼内功方面做了哪些准备？ 一方面是公司应对疫情快速反弹的能力增强，各版块业务在成本控制、人员 稳定等方面摸索出有效经验，受疫情影响时相应的控制成本措施比较成熟，当疫 情好转后客流量增长，在人员有限的情况下如何保证服务质量和产品供给积累了 较多经验，摸索了一套有效方式。另一方面是在淡季的时候对老旧的民宿做了很 多改造， 对服务行业最重要的是在波动的情况下怎么管好人、控制好成本，需要的时 候调得出人手保障业务恢复。 2.中央政治局会议定调非常积极，市场反馈也很积极。您预期稳增长扩内需和 纾困扶持政策对公司有哪些帮助？另外公司的中青旅大厦是收租的，会有租户 要求提供扶持吗？ 对于纾困政策包括国家最近出台的一系列政策，我们下属企业，尤其是旅行 社和景区企业都在向政府寻求支持，我们都在积极争取。 大厦的租金情况还好，因为对于租赁优惠的对象是小微企业，而我们的租户 中国企和金融机构占比比较高。20 年收到过一些诉求，我们也相应有优惠 ...

Financial Performance - The company's operating revenue for Q3 2022 was ¥1,951,921,398.08, a decrease of 27.99% compared to the same period last year[5]. - Net profit attributable to shareholders for Q3 2022 was ¥33,870,239.33, an increase of 831.18% year-on-year[5]. - The basic earnings per share for Q3 2022 was ¥0.0468, reflecting an increase of 831.18% compared to the same period last year[8]. - For the first three quarters of 2022, the company reported total operating revenue of RMB 4.814 billion, a year-on-year decline of 22.73%, with a net profit of -RMB 171 million[19]. - The net profit attributable to shareholders for the year-to-date was ¥-171,012,916.76, a decrease of 558.96% year-on-year[5]. - The net profit for the current period was -276,024,264.60 CNY, compared to a net profit of 59,735,328.00 CNY in the same period last year, representing a significant decline[40]. - The total profit for the current period was -258,035,620.33 CNY, down from 115,747,477.56 CNY in the previous year[40]. - The operating profit for the current period was -263,380,856.38 CNY, compared to an operating profit of 104,099,769.21 CNY in the same period last year[40]. - Net profit for the current period is 29,556,663.01, down from 37,543,403.70, indicating a decrease of about 21%[59]. Assets and Liabilities - The total assets at the end of the reporting period were ¥17,511,013,374.64, representing a slight increase of 0.35% from the end of the previous year[8]. - Total assets increased to CNY 17,511,013,374.64 from CNY 17,449,433,532.69, reflecting a growth of 0.35%[35]. - Total liabilities rose to CNY 9,177,698,996.55 compared to CNY 8,826,137,524.04, an increase of 3.96%[35]. - Total equity decreased to CNY 8,333,314,378.09 from CNY 8,623,296,008.65, a decline of 3.36%[35]. - The total liabilities to equity ratio increased to 1.10 from 1.02, indicating a higher leverage position[35]. - The total current assets amounted to 1,266,652,390.91 CNY, an increase from 1,023,025,118.03 CNY, reflecting a growth of approximately 24.0%[53]. - The total liabilities reached 2,250,609,742.47 CNY, compared to 2,029,036,793.43 CNY, indicating an increase of about 10.9%[55]. - The total assets increased to 5,506,777,834.42 CNY from 5,256,110,378.72 CNY, marking a growth of approximately 4.7%[55]. Cash Flow - The net cash flow from operating activities for the year-to-date was ¥-336,134,214.63, a decrease of 152.07% compared to the same period last year[5]. - The company reported a decrease in cash flow from operating activities, with a net cash outflow of -336,134,214.63 CNY compared to a net inflow of 645,487,057.47 CNY in the previous year[46]. - The cash inflow from operating activities totaled 5,556,784,643.07 CNY, down from 7,023,448,109.42 CNY in the previous year[46]. - The net cash flow from investing activities was -846,790,630.27 CNY, compared to -558,914,500.27 CNY in the previous period, indicating a decline of approximately 51.5%[48]. - The total cash inflow from financing activities increased to 5,035,118,000.00 CNY, up from 3,787,567,103.00 CNY, representing a growth of about 33.0%[48]. - The net cash flow from financing activities was 630,252,194.50 CNY, a significant improvement from -291,065,251.22 CNY in the prior period[48]. - Cash flow from operating activities shows a net outflow of -589,307,216.22, significantly worse than the previous year's outflow of -85,145,719.06[63]. - Cash flow from investing activities resulted in a net outflow of -198,694,129.15, slightly worse than the previous year's outflow of -197,983,594.09[65]. - Cash flow from financing activities generated a net inflow of 390,494,546.33, an increase from the previous year's inflow of 209,602,708.18[65]. Visitor Statistics and Business Performance - The Wuzhen scenic area received 603,100 visitors in Q3 2022, a year-on-year decrease of 22.35%, but generated operating income of RMB 207 million, an increase of 4.79%[20]. - The Gubei Water Town welcomed 528,800 visitors in Q3 2022, a year-on-year increase of 4.71%, achieving operating revenue of RMB 308 million, up 13.47%[21]. - The company’s hotel business reported revenue of RMB 246 million in the first three quarters of 2022, a decline of 17.85%, with a net profit of -RMB 58 million[24]. - The integrated marketing business experienced a revenue drop of 38.33% year-on-year, totaling RMB 700 million, with a net profit of -RMB 28 million[21]. - In Q3 2022, the company achieved operating revenue of RMB 1.952 billion and a net profit of RMB 34 million, significantly improving performance despite ongoing pandemic impacts[19]. Strategic Initiatives - The company is focusing on product and service upgrades in scenic areas, launching new activities such as kayaking and camping to attract visitors[21]. - The company has been actively expanding its marketing resources and partnerships to enhance brand visibility and drive post-pandemic recovery[20]. - The company’s strategic investment business has maintained stable development, contributing consistent revenue and profit[26]. - The company is leveraging digital transformation to enhance operational efficiency and adapt to changing market conditions[24]. Expenses - Research and development expenses were CNY 6,219,476.45, significantly lower than CNY 15,052,429.96, a decrease of 58.69%[37]. - The company reported a significant increase in management expenses to 59,584,819.21 from 48,443,159.79, marking an increase of approximately 23%[59]. - Research and development expenses decreased to 15,000.00 from 3,736,535.72, indicating a substantial reduction[59]. - Interest expenses rose to 40,395,934.11 from 29,508,055.57, reflecting an increase of about 37%[59].

Financial Performance - The company's operating revenue for the first half of 2022 was ¥2,862,457,149.62, a decrease of 18.69% compared to ¥3,520,362,422.90 in the same period last year[21]. - The net profit attributable to shareholders of the listed company was -¥204,883,156.09, a significant decline of 709.34% from ¥33,623,951.10 in the previous year[21]. - The net cash flow from operating activities was -¥542,605,112.11, down 412.36% from ¥173,709,235.45 in the same period last year[21]. - Basic earnings per share for the first half of 2022 were -¥0.2831, a decrease of 709.34% compared to ¥0.0465 in the same period last year[22]. - The weighted average return on net assets was -3.28%, a decrease of 3.81 percentage points from 0.53% in the previous year[22]. - The decline in financial performance was attributed to the impact of COVID-19 outbreaks and strict prevention policies in major cities like Beijing and Shanghai[25]. Assets and Liabilities - The total assets at the end of the reporting period were ¥17,525,588,415.33, an increase of 0.44% compared to ¥17,449,433,532.69 at the end of the previous year[21]. - The net assets attributable to shareholders of the listed company decreased by 3.20% to ¥6,145,155,835.77 from ¥6,348,224,400.09 at the end of the previous year[21]. - Total current assets increased to RMB 6,480,104,525.33 from RMB 6,317,326,239.00, representing a growth of approximately 2.58%[134]. - Total liabilities increased to RMB 9,228,074,249.34 from RMB 8,826,137,524.04, representing a growth of about 4.54%[137]. - Short-term borrowings increased by 21.99% to ¥4,167,706,704.43, compared to ¥3,416,423,605.76 at the end of the previous year[63]. Business Operations - The company has established a multi-faceted business model covering scenic area investment and operation, hotel management, conference exhibition, and travel agency services, enhancing its competitive edge[39]. - The company aims to build a comprehensive tourism service platform, focusing on high-end customized travel and integrated marketing services[30]. - The company is actively exploring the "tourism+" development path, integrating various industries to enhance its service offerings[31]. - The company is expanding its cultural tourism business, winning significant project bids, including the overall quality improvement design for the Beijing Olympic Park[56]. - The company has successfully developed a mini-program "Tea Aroma Ancient Zhang" with over 200,000 users, achieving significant outreach through new media marketing[98]. Shareholder and Investment Information - The company did not distribute cash dividends or transfer capital reserves to increase share capital during the reporting period[6]. - The company’s major shareholder, China Youth Travel Group Co., Ltd., holds 124,305,000 shares, representing 17.17% of total shares[123]. - The company’s subsidiaries have applied for comprehensive credit guarantees from banks to meet daily operational needs[118]. - The company reported a total revenue of RMB 22.20 million from its financial services segment[74]. Market and Competitive Landscape - The competitive landscape in the tourism industry is intensifying, with increased mergers and acquisitions and capital operations driven by market expansion[36]. - The tourism industry is experiencing a shift towards high-quality and diversified consumer demands, presenting significant growth potential for leisure and customized travel[34]. - The company faced intensified market competition in the tourism industry, influenced by the pandemic and internet penetration[75]. Risk Management and Compliance - The company has outlined potential risks in its future development discussions and analyses within the report[8]. - The company has established emergency mechanisms to mitigate risks from natural disasters and pandemics affecting tourism[79]. - The company has maintained compliance with commitments related to refinancing and has not reported any non-operating fund occupation by major shareholders[105]. - The company has not reported any environmental penalties or issues during the reporting period, adhering to environmental regulations in its operations[93]. Research and Development - R&D expenses decreased by 37.74% to ¥4,583,298.23 compared to ¥7,361,318.85 in the previous year[59]. - The company has not reported any new product launches or technological advancements during this period[166]. Governance and Management - The company elected a new board of directors and management team on June 27, 2022, including the appointment of Wang Silian as President[86]. - The company has not implemented any employee stock ownership plans or other incentive measures during the reporting period[92].

Financial Performance - The company's operating revenue for Q1 2022 was ¥1,381,457,849.27, representing a decrease of 1.20% compared to the same period last year[5]. - The net profit attributable to shareholders of the listed company was -¥112,054,142.13, with a basic earnings per share of -¥0.1548[5]. - The company reported a significant increase in net loss compared to the previous year's loss of -¥65,186,874.51[9]. - The basic and diluted earnings per share both stood at -¥0.1548, worsening from -¥0.0901 in the same period last year[9]. - Net profit for Q1 2022 was a loss of ¥177,822,237.83, compared to a loss of ¥89,025,875.66 in Q1 2021, indicating a significant increase in losses[34]. - Total revenue for Q1 2022 was CNY 42,938,277.30, a decrease of 5.9% compared to CNY 45,651,941.93 in Q1 2021[51]. - Operating profit for Q1 2022 was CNY 5,997,084.22, a significant improvement from a loss of CNY 32,708,223.81 in Q1 2021[54]. - Net profit for Q1 2022 reached CNY 6,149,241.65, compared to a net loss of CNY 31,246,851.67 in the same period last year[54]. Cash Flow and Liquidity - The net cash flow from operating activities was -¥348,961,625.60, significantly impacted by the pandemic and high accounts payable in product sales[9]. - The net cash flow from operating activities for Q1 2022 was ¥92,524,021.12, a significant improvement compared to a net outflow of ¥39,700,929.46 in Q1 2021[55]. - Total cash inflow from operating activities reached ¥512,832,173.23, compared to ¥85,197,569.69 in the same period last year, indicating a growth of approximately 502%[55]. - Cash outflow from operating activities was ¥420,308,152.11, up from ¥124,898,499.15 in Q1 2021, reflecting an increase of about 236%[55]. - The net cash flow from investing activities was ¥2,160,527.28, a recovery from a net outflow of ¥199,142,046.20 in Q1 2021[55]. - Cash inflow from financing activities was ¥320,000,000.00, up from ¥130,000,000.00 in Q1 2021, representing a growth of about 146%[57]. - The ending balance of cash and cash equivalents increased to ¥734,305,505.26, compared to ¥228,766,593.45 at the end of Q1 2021[57]. Assets and Liabilities - Total assets at the end of the reporting period were ¥17,467,834,241.59, showing a slight increase of 0.11% from the end of the previous year[7]. - The equity attributable to shareholders of the listed company decreased to ¥6,235,390,426.79, down 1.78% from the previous year[7]. - Total liabilities increased to ¥9,021,981,763.48 in Q1 2022 from ¥8,826,137,524.04 in Q1 2021, reflecting a growth of 2.2%[30]. - Current liabilities increased to CNY 1,894,023,358.25 in Q1 2022, compared to CNY 1,830,233,835.21 in Q1 2021[48]. - Total assets increased to CNY 5,325,180,408.61 in Q1 2022, up from CNY 5,256,110,378.72 in Q1 2021[48]. - Total liabilities rose to CNY 2,091,957,581.67 in Q1 2022, compared to CNY 2,029,036,793.43 in Q1 2021[48]. Visitor and Revenue Performance - The Wuzhen scenic area received 175,400 visitors, a decrease of 65.13% year-on-year, with operating revenue of RMB 53.3 million, down 58.76%[17]. - The Gubei Water Town received 207,800 visitors in Q1 2022, an increase of 29.84% year-on-year, with operating revenue of RMB 149.46 million, up 41.30%[20]. - The ongoing impact of the pandemic has severely affected the company's scenic area business, leading to a substantial decline in performance[9]. - The company is focusing on local market expansion and has launched promotional activities to attract local visitors[17]. Strategic Initiatives - The company continues to enhance its digital and intelligent service offerings in the hotel business[21]. - The strategic investment business remains stable, contributing to continuous revenue and profit[21].

Financial Performance - The company's operating revenue for 2021 was ¥8,635,438,895.21, representing a 20.76% increase compared to the previous year[24]. - The net profit attributable to shareholders of the listed company was ¥21,233,119.25, a significant recovery from a loss of ¥232,078,311.60 in the previous year[24]. - The net cash flow from operating activities increased by 48.42% to ¥904,528,813.49 compared to the previous year[24]. - The total assets at the end of 2021 were ¥17,449,433,532.69, reflecting a 2.31% increase from the previous year[24]. - The net assets attributable to shareholders of the listed company were ¥6,348,224,400.09, showing a slight increase of 0.34% year-on-year[24]. - The company reported a weighted average return on net assets of 0.34% in 2021, an increase of 3.93 percentage points from 2020[27]. - The company’s basic earnings per share was 0.0293 yuan, compared to a loss of 0.3206 yuan per share in 2020[27]. - The company achieved a total revenue of 8.64 billion RMB in 2021, an increase of 20.76% compared to the previous year[71]. - The net profit attributable to shareholders was 0.21 billion RMB, a growth of 2.53 billion RMB year-on-year[71]. - The operating costs rose to 7.04 billion RMB, reflecting a 22.17% increase from the previous year[72]. Business Segments and Operations - The revenue from core business activities, after excluding unrelated income, was ¥8,610,354,107.31, up 20.68% from the previous year[24]. - The Wuzhen scenic area received 3.6873 million visitors in 2021, an increase of 22.10% year-on-year[38]. - The Wuzhen scenic area generated operating revenue of 1.758 billion yuan, up 121.25% compared to the previous year[38]. - The Gubei Water Town scenic area welcomed 1.5201 million visitors, reflecting a year-on-year growth of 30.43%[40]. - The Gubei Water Town achieved operating revenue of 768 million yuan, a 34.32% increase from 2020[40]. - The hotel business generated an operating income of 388 million yuan, with a year-on-year growth of 11.84%[47]. - The company has integrated various services in the tourism sector, focusing on high-quality and diversified tourism experiences[53]. - The company plans to enhance its product offerings and expand its market presence through cultural events and partnerships in the wedding industry[39]. - The company plans to expand its cultural tourism services and has successfully replicated the Wuzhen model in other projects[67]. Market and Growth Strategies - The company is actively expanding its market presence by developing new products and services tailored to post-pandemic consumer needs[41]. - The company plans to invest in a new immersive performance project in Shanghai, aiming for trial operation in 2022[49]. - The company launched several innovative marketing strategies, including "cloud tourism + live streaming sales" to enhance customer engagement and expand the market[41]. - The company is exploring new business opportunities in the domestic travel market, focusing on customized travel and RV tourism[48]. - The company is committed to strategic growth and development, as evidenced by the recent appointments and organizational changes[141]. - The company is likely to pursue further strategic initiatives, although specific future projects were not disclosed in the content[141]. Risk Management and Compliance - The company has outlined potential risks in its future development strategies, which investors should be aware of[9]. - The company is committed to ensuring the accuracy and completeness of its financial reports, as stated by its management[4]. - The company emphasizes strict compliance with corporate governance regulations, ensuring transparency and protecting shareholder interests[119]. - The company has established emergency mechanisms to mitigate risks from major pandemics and natural disasters that could impact travel[115]. - The company has implemented comprehensive internal control measures, with no significant deficiencies reported in financial reporting[125]. Research and Development - The total R&D investment amounted to approximately ¥13.80 million, representing 0.16% of total revenue, with 32.21% of R&D costs capitalized[88]. - The company has 171 R&D personnel, accounting for 2.44% of the total workforce, with a majority (80) under the age of 30[88]. - The company is investing 50 million in R&D for new technologies aimed at enhancing user experience and operational efficiency[132]. - The company is investing in new technology development, allocating 500 million yuan towards R&D initiatives[145]. Corporate Governance - The board of directors consists of 11 members, with independent directors possessing significant expertise in finance and tourism management[120]. - The company has established a performance-oriented compensation system that combines base salary, performance pay, benefits, and long-term incentives[174]. - The company has implemented robust internal controls to ensure compliance with information disclosure regulations, enhancing transparency[137]. - The company’s board of directors approved the 2020 annual operating report and financial settlement report on March 23, 2021[153]. - The company’s rolling strategic plan for 2021-2025 was approved on August 31, 2021[154]. Social Responsibility and Sustainability - The company is actively responding to national environmental protection policies, promoting waste sorting and sustainable practices in its operations[193]. - The company has developed a plan to achieve carbon neutrality and is urging its subsidiaries to implement sustainable development practices[194]. - The company is engaged in rural revitalization efforts, collaborating with local governments to promote tourism and financial integration in rural areas[198]. - The company has launched tourism products in collaboration with local communities, focusing on eco-tourism and cultural experiences[198]. - 6% of employees at Zhongqing Travel's Shanshui Hotel in Xinhua come from local underprivileged families, providing more job opportunities and business for the local community[199].

Financial Performance - The company's operating revenue for Q3 2021 was ¥2,710,443,385.43, representing a year-on-year increase of 29.56%[7] - The net profit attributable to shareholders for Q3 2021 was ¥3,637,334.03, a decrease of 87.46% compared to the same period last year[7] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥5,233,108.29, reflecting a decline of 122.25%[7] - The basic earnings per share for Q3 2021 was ¥0.0050, down 87.46% year-on-year[9] - In the first three quarters of 2021, the company achieved operating revenue of 6.231 billion RMB, a year-on-year increase of 34.07%[20] - The company reported a net profit of 37.2613 million RMB, marking a turnaround from losses in the previous year[20] - Total operating revenue for the first three quarters of 2021 reached ¥6,230,805,808.33, a significant increase of 34.0% compared to ¥4,647,261,516.01 in the same period of 2020[36] - The company's net profit for the first three quarters was impacted by a credit impairment loss of ¥-8,538,777.95, compared to a gain of ¥1,427,417.12 in the previous year[36] - The company reported a net profit of ¥59,735,328, compared to a net loss of ¥167,373,196 in the previous period, indicating a significant turnaround[41] - Operating profit was ¥104,099,769, while the previous period showed an operating loss of ¥116,977,887, reflecting improved operational efficiency[41] - Total comprehensive income amounted to ¥58,995,049, a recovery from a total comprehensive loss of ¥170,425,971 in the prior period[43] - Basic and diluted earnings per share were both ¥0.0515, compared to a loss per share of ¥0.1767 in the previous period, showcasing a positive shift in profitability[43] Assets and Liabilities - The total assets at the end of the reporting period were ¥17,207,048,456.27, an increase of 0.89% compared to the end of the previous year[9] - The total assets as of September 30, 2021, amounted to ¥17,207,048,456.27, slightly up from ¥17,055,421,298.07 at the end of 2020[34] - Current liabilities decreased to ¥6,232,158,805.24 from ¥7,608,124,823.41, indicating a reduction of approximately 18.1%[34] - Non-current liabilities increased to ¥2,329,103,528.61 from ¥874,870,580.80, showing a significant rise of 165.5%[34] - The total equity attributable to shareholders rose to ¥6,365,378,553.55 from ¥6,326,566,696.57, reflecting a growth of 0.6%[34] - Total liabilities amounted to ¥8,482,995,404.21, which increased by ¥1,132,613,367.59 compared to the last reporting period[54] - The total equity attributable to shareholders was ¥6,326,566,696.57, remaining unchanged from the previous period[54] Cash Flow - The net cash flow from operating activities for the year-to-date was ¥645,487,057.47, an increase of 26.55%[9] - Cash flow from operating activities generated a net cash inflow of ¥645,487,057, up from ¥510,057,534 in the prior period, indicating stronger cash generation capabilities[47] - The company received cash inflows from investment activities totaling ¥510,638,206.85, while cash outflows for investments were ¥1,069,552,707.12, resulting in a net cash outflow of ¥558,914,500.27[47] - Cash flow from financing activities resulted in a net cash outflow of ¥291,065,251.22, compared to a net cash inflow of ¥875,027,901.54 in the previous period, reflecting changes in financing strategies[47] - The company’s cash and cash equivalents decreased to ¥1,334,443,307.62 from ¥1,755,978,704.36, a decline of 24.0%[32] - The company’s cash and cash equivalents decreased by ¥204,469,038.78, contrasting with an increase of ¥289,938,796.01 in the previous period, highlighting a need for cash management strategies[47] - The cash and cash equivalents at the beginning of the period were ¥1,503,504,562.47, while the ending balance was ¥1,299,035,523.69, indicating a decrease[49] Business Segments - The Wuzhen scenic area received 776,700 visitors from July to September 2021, with revenue of 198 million RMB, down 28.67% and 29.69% year-on-year respectively[23] - The company’s net profit from the Wuzhen scenic area decreased by 30.54% to 66.558 million RMB due to reduced subsidy income[23] - The Gubei Water Town scenic area saw a 68.16% increase in visitors, totaling 1.227 million, and a revenue increase of 68.63% to 609 million RMB[23] - The company’s integrated marketing business, Zhongqing Bole, achieved operating revenue of 1.135 billion RMB, a year-on-year growth of 114.55%[24] - The hotel business reported operating revenue of 299 million RMB, reflecting a year-on-year increase of 33.93%[24] - The company’s strategic investment business, Chuangge Technology, experienced a revenue growth of 7.86%[28] Shareholder Information - The total number of common shareholders at the end of the reporting period was 67,029[16] - The largest shareholder, China Youth Travel Group Co., Ltd., holds 124,305,000 shares, accounting for 17.17% of total shares[16] Research and Development - Research and development expenses for the first three quarters were ¥15,052,429.96, more than double the ¥7,057,135.03 spent in the same period last year[36] Financial Expenses - The company reported a financial expense of ¥152,638,286.93, which increased from ¥101,492,990.15 in the previous year[36]

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 3,520,362,422.90, representing a 37.77% increase compared to CNY 2,555,288,310.96 in the same period last year[21]. - The net profit attributable to shareholders of the listed company was CNY 33,623,951.10, a significant recovery from a loss of CNY 156,878,638.42 in the previous year[21]. - Basic earnings per share for the first half of 2021 were CNY 0.0465, compared to a loss of CNY 0.2167 in the same period last year[22]. - The total impact of non-recurring gains and losses after tax is CNY 32,817,767.33[27]. - The total comprehensive income for the first half of 2021 was CNY 65,356,474.55, significantly improved from a total comprehensive loss of CNY 213,288,897.87 in the same period last year[158]. - The company reported an investment income of CNY 14,348,366.91, a turnaround from a loss of CNY 12,793,036.34 in the previous year[158]. - The company's financial expenses decreased to CNY 15,068,171.46 from CNY 17,438,217.69 year-over-year[158]. - The total comprehensive income for the current period shows a decrease of -46,078,653.03 CNY, reflecting a significant decline in profitability[187]. Cash Flow and Assets - The net cash flow from operating activities decreased by 55.84% to CNY 173,709,235.45, down from CNY 393,333,239.17 in the same period last year[21]. - The company's cash and cash equivalents decreased by 33.52% to RMB 1.17 billion, compared to RMB 1.76 billion at the end of the previous year[61]. - The total assets at the end of the reporting period were CNY 17,615,522,342.49, an increase of 3.28% from CNY 17,055,421,298.07 at the end of the previous year[21]. - The total current assets amounted to ¥6,835,734,788.72, a decrease of 8.6% from ¥7,477,498,225.33 on December 31, 2020[137]. - The total non-current assets increased to ¥10,779,787,553.77 from ¥9,577,923,072.74, reflecting a growth of 12.5%[141]. - The total liabilities increased to ¥8,952,363,368.32 from ¥8,482,995,404.21, representing a rise of 5.5%[143]. - The total cash and cash equivalents at the end of the period stood at CNY 1,111,247,670.79, down from CNY 999,403,235.72 year-over-year[169]. Business Operations and Strategy - The company aims to become a leading comprehensive tourism service provider, focusing on high-end tourism and integrated marketing services[28]. - The travel agency business remains the core traditional business, emphasizing customized and thematic travel services[29]. - The company has established a diversified operational model, integrating travel services with education, sports, and wellness industries[30]. - The company is focusing on the development of "Tourism+" new business formats and has successfully replicated the Wuzhen model in its scenic area operations[44]. - The company is enhancing its digital marketing capabilities and has engaged in strategic partnerships to develop digital advertising and live-streaming marketing products[54]. - The company has established a strong operational and execution team across its business segments, enhancing its ability to meet strategic development goals[45]. - The company continues to expand its "Tourism+" strategy, investing in cultural immersive performance projects and enhancing content capabilities[57]. Market and Competition - The tourism market is increasingly segmented, with a shift towards personalized and high-quality travel experiences[32]. - The company faces intensified market competition in the tourism sector, with a focus on maintaining brand reputation and service quality to retain competitive advantage[80]. - The COVID-19 pandemic has accelerated the need for transformation within the domestic tourism industry, leading to a focus on product quality and service optimization[35]. Shareholder and Governance - The company did not declare any cash dividends or capital reserve transfers during this reporting period[6]. - The company has not reported any major lawsuits or arbitration matters that have not been disclosed in temporary announcements[112]. - The company has not disclosed any major related party transactions during the reporting period[118]. - The total number of ordinary shareholders as of the end of the reporting period is 69,694[128]. - The largest shareholder, China Youth Travel Group Co., Ltd., holds 124,305,000 shares, accounting for 17.17% of total shares[128]. - The company has elected a new board member, Xie Hui, during the first extraordinary general meeting of 2021[89]. Research and Development - Research and development expenses rose by 43.00% to RMB 7.36 million, attributed to the development of a new information system[60]. - The company reported a research and development expense of ¥7,361,318.85 for the first half of 2021, an increase from ¥5,147,930.75 in the same period of 2020, reflecting a growth of approximately 43%[153]. Social Responsibility - The company has committed to supporting rural revitalization and has signed strategic cooperation agreements with five organizations[99]. - The company has invested approximately 76 million yuan in purchasing local agricultural products to support poverty alleviation efforts[102]. - The company has established a leadership group to coordinate poverty alleviation and rural revitalization efforts[99].