Financial Performance - Operating revenue for the first nine months was CNY 59,099,246.17, a decline of 32.04% year-on-year[8] - Net profit attributable to shareholders was a loss of CNY 47,724,676.20, representing a decrease of 855.15% compared to the same period last year[8] - Basic and diluted earnings per share were both CNY -0.11, a decrease of 833.33% from the previous year[9] - The weighted average return on net assets dropped by 12.38 percentage points to -10.98%[9] - Total revenue for the current period was RMB 59,099,246.17, a decrease of 32.04% compared to the previous period's RMB 86,964,024.17[18] - The company reported a total operating cost of CNY 179,173.20 for Q3 2014, which is a significant increase from the previous year's Q3[47] - Total operating revenue for Q3 2014 was CNY 9,763,810.75, a decrease of 21.5% compared to CNY 12,453,234.35 in Q3 2013[43] - Net loss for the period was CNY 20,845,104.61, compared to a net profit of CNY 33,161,804.51 in the same period last year[43] - The net profit attributable to the parent company was a loss of CNY 21,157,613.40, compared to a profit of CNY 22,790,779.22 in Q3 2013[48] - The total profit for Q3 2014 was a loss of CNY 20,650,016.04, compared to a profit of CNY 46,662,833.20 in Q3 2013[48] Assets and Liabilities - Total assets decreased by 18.99% to CNY 853,969,907.76 compared to the end of the previous year[8] - Cash and cash equivalents decreased by 58.48% to RMB 55,867,826.65 from RMB 134,556,150.91[16] - Accounts receivable decreased by 62.10% to RMB 2,245,879.48 from RMB 5,925,597.26[16] - Non-current assets totaled RMB 682,957,163.77, an increase from RMB 644,590,296.16, reflecting a growth of about 6%[37] - Total liabilities decreased to CNY 482,008,021.50 from CNY 577,328,291.04, a reduction of 16.5%[41] - Shareholders' equity totaled CNY 378,119,934.83, slightly down from CNY 380,505,287.35 at the beginning of the year[41] Cash Flow - Cash flow from operating activities showed a net outflow of CNY 27,543,715.61 for the first nine months[8] - The cash flow from operating activities for the first nine months of 2014 was a net outflow of CNY 27,543,715.61, compared to a net outflow of CNY 21,513,608.65 in the same period last year[52] - Operating cash inflow for the first nine months was CNY 191,816,572.01, down 35.7% from CNY 298,378,809.65 in the same period last year[55] - Net cash generated from operating activities was CNY 7,488,414.65, a decrease of 86.5% compared to CNY 55,553,857.34 year-on-year[55] - Cash flow from financing activities showed a net outflow of CNY 142,198,070.39, worsening from a net outflow of CNY 53,785,929.18 in the previous year[56] Investments and Other Activities - The company reported a non-recurring gain of CNY 195,088.57 for the current period[11] - The company is actively negotiating the collection of RMB 7,765,000 in outstanding equity transfer payments related to a 19% stake in Nanjing Yishang Tianyuan Business Management Co., Ltd.[19] - The company made a capital increase of RMB 10,370,458.00 in Harbin Junxin Investment Guarantee Co., holding 7.59% of its shares[23] - The company’s long-term equity investments did not impact the total assets, liabilities, or net profit for the reporting periods[23] Shareholder Information - The total number of shareholders at the end of the reporting period was not specified, but the report includes details on the top ten shareholders[12] Audit and Reporting - The report was unaudited, indicating that the financial figures may be subject to change upon final audit[8]

Financial Performance - The company reported a revenue of CNY 49,335,435.42 for the first half of 2014, a decrease of 33.79% compared to the same period last year[16]. - The net profit attributable to shareholders was a loss of CNY 26,567,062.80, compared to a loss of CNY 16,470,882.08 in the previous year[16]. - The company’s operating profit for the first half of 2014 was a loss of CNY 25,716,141.44[17]. - The company’s basic earnings per share for the first half of 2014 was -CNY 0.061, compared to -CNY 0.038 in the same period last year[14]. - The weighted average return on net assets was -5.97%, compared to -3.74% in the previous year[14]. - The company reported a net profit of CNY 2,950,072.30 for the first half of 2014, a significant recovery from a net loss of CNY 17,887,536.01 in the same period of the previous year[62]. - The net profit for the current period is -26,567,062.80 RMB, indicating a significant loss compared to the previous year's profit of -49,820,096.60 RMB, which shows an improvement[74]. - The total comprehensive income for the period, including net profit and other comprehensive income, is -26,429,997.25 RMB[72]. Assets and Liabilities - The company’s total assets decreased by 15.76% to CNY 888,023,847.30 from CNY 1,054,141,453.62 at the end of the previous year[16]. - The company’s net assets attributable to shareholders decreased by 5.79% to CNY 432,040,738.69[16]. - The company’s current assets decreased to RMB 168,314,013.68 from RMB 409,551,157.46 at the beginning of the year, reflecting a significant reduction[50]. - Total liabilities decreased to RMB 372,727,390.56 from RMB 512,414,999.63, indicating a reduction of approximately 27%[51]. - The company reported a total of RMB 59,931,067.67 in other receivables, with a bad debt provision of RMB 11,164,562.40, representing 18.63%[138]. - The total amount of accounts receivable due within one year is RMB 2,978,505.11, which is 97.70% of the total[146]. Cash Flow - The company’s cash flow from operating activities was a negative CNY 18,047,549.04, compared to a negative CNY 11,306,478.28 in the previous year[16]. - The net cash flow from operating activities was -¥18,047,549.04, worsened from -¥11,306,478.28 in the previous year, primarily due to tax payments[19]. - The company reported a total cash outflow from financing activities of CNY 125,938,530.79, compared to CNY 214,217,052.80 in the previous year, indicating a reduction of approximately 41%[66]. - The company’s total operating cash inflow was CNY 59,805,860.42, down from CNY 102,652,067.76 in the previous year, reflecting a decrease of about 42%[65]. Investments and Equity - The company completed the transfer of 73,556,106 shares to Xiamen Contemporary Asset Management Co., Ltd. on March 31, 2014[5]. - The company’s investment in equity stakes totaled ¥73,545,389.45, with a net increase of ¥10,305,953.87 during the period[22]. - The company issued a entrusted loan of CNY 59 million to its subsidiary, Chongqing Yishang Hot Spring Development Co., Ltd., with a loan term from April 3, 2014, to September 30, 2015, at an annual interest rate of 12%[26]. - The company has engaged in various financial products and investments, with ongoing evaluations of their performance and risk management strategies[23]. Shareholder Information - The total number of shareholders at the end of the reporting period was 38,980[40]. - The largest shareholder, Xiamen Contemporary Asset Management Co., Ltd., held 17.03% of the shares, totaling 73,556,106 shares[42]. - The second-largest shareholder, Nanjing Jiangning State-owned Assets Management Group Co., Ltd., held 10.44% of the shares, totaling 45,080,388 shares[42]. Legal and Regulatory Matters - The company is involved in a lawsuit regarding a contract dispute with Nanjing Jingu Garden Agricultural Development Co., Ltd., with a potential liability amounting to CNY 10.4 million[31]. - The company has not faced any administrative penalties or public reprimands from the China Securities Regulatory Commission during the reporting period[36]. - The company has not disclosed any significant litigation or arbitration matters that have not been previously announced[30]. Operational Highlights - The company aims to explore stable and sustainable business areas while continuing to focus on its main business of hot spring tourism[17]. - Revenue from the tourism sector was ¥48,044,675.42, a decrease of 10.41% year-on-year, with a gross margin of 89.16%, an increase of 4.56 percentage points[21]. - The company is exploring new market opportunities in the domestic tourism sector, with a strategic emphasis on enhancing service offerings[130]. Financial Management - The company’s financial statements comply with the requirements of the enterprise accounting standards, reflecting a true and complete picture of its financial status[84]. - The company has not reported any changes in accounting policies or estimates during the reporting period[126]. - The company ensures that all financial reporting adheres to relevant accounting standards and accurately reflects its financial position[126].

Financial Performance - Operating revenue for the first quarter was CNY 35,958,158.85, a decline of 24.12% year-on-year[11] - Net profit attributable to shareholders was CNY -10,772,707.41, compared to CNY -6,735,925.02 in the same period last year[11] - The company's net loss increased from CNY 39,358,368.42 to CNY 50,131,074.83, indicating a worsening financial position[26] - Total operating revenue for the current period is CNY 35,958,158.85, a decrease of 24.0% compared to CNY 47,389,615.37 in the previous period[32] - Net profit for the current period is CNY -10,405,462.15, compared to CNY -6,416,904.77 in the previous period, indicating a worsening loss[33] - Basic and diluted earnings per share are both CNY -0.025, compared to CNY -0.016 in the previous period[33] Assets and Liabilities - Total assets decreased by 13.62% to CNY 910,611,689.46 compared to the end of the previous year[11] - The total assets decreased from CNY 1,054,141,453.62 to CNY 910,611,689.46, a decline of approximately 13.6%[26] - The total liabilities decreased from CNY 592,414,999.63 to CNY 459,290,696.62, a reduction of about 22.5%[26] - Total assets decreased to CNY 863,688,511.71 from CNY 957,833,578.39, reflecting a decline of 9.8%[30] - Total liabilities decreased to CNY 489,736,406.08 from CNY 577,328,291.04, a reduction of 15.2%[30] - Owner's equity totals CNY 373,952,105.63, down from CNY 380,505,287.35, a decrease of 1.4%[30] Cash Flow - Cash flow from operating activities showed a negative net amount of CNY -6,405,803.38, compared to CNY -440,295.55 in the previous year[11] - The net cash flow from operating activities was -6,405,803.38 RMB, compared to -440,295.55 RMB in the previous period, indicating a decline in operational performance[38] - Cash inflow from investment activities totaled 104,240,000.00 RMB, significantly higher than 56,024,477.89 RMB in the previous period, reflecting strong investment recovery[38] - The net cash flow from investment activities was 79,710,558.36 RMB, a recovery from -2,614,824.98 RMB in the previous period, indicating improved investment performance[42] - The net cash flow from financing activities was -122,176,998.13 RMB, a decrease from a positive 44,572,425.56 RMB in the previous period, highlighting increased debt repayments[39] - The cash flow from operating activities outflow was 116,936,358.74 RMB, down from 196,839,003.62 RMB in the previous period, indicating improved cost management[41] Shareholder Information - The number of shareholders reached 40,969 by the end of the reporting period[14] - Xiamen Contemporary Asset Management Co., Ltd. holds 17.03% of shares, totaling 73,556,106 shares[15] - Nanjing Jiangning State-owned Assets Management Group Co., Ltd. holds 10.44% of shares, totaling 45,080,388 shares[15] - Zhejiang Fuchunjiang Tourism Co., Ltd. holds 5.56% of shares, totaling 24,000,000 shares[15] - The first major shareholder, Xiamen Contemporary Asset Management Co., Ltd., committed to maintaining the independence of the listed company in operations and governance[18] Expense Management - Total operating costs amount to CNY 46,219,875.98, down 15.4% from CNY 54,570,826.96 in the previous period[32] - Sales expenses are CNY 20,525,693.42, a decrease of 11.8% from CNY 23,293,398.24 in the previous period[33] - Management expenses are CNY 13,629,909.96, down 8.3% from CNY 14,870,797.18 in the previous period[33] - Financial expenses decreased by 31.52% from CNY 8,629,956.31 to CNY 5,910,079.38, resulting from reduced bank loans[17] Receivables and Payables - Accounts receivable decreased by 40.11% from CNY 5,925,597.26 to CNY 3,548,911.27 due to collection of receivables[17] - Other receivables decreased from CNY 204,547,219.04 to CNY 155,641,099.92, indicating a reduction in outstanding amounts[24] - Tax payable decreased by 81.17% from CNY 17,815,479.73 to CNY 3,354,931.74 due to payment of corporate income tax[17] Capital Expenditure - The cash outflow for purchasing fixed assets and intangible assets was 4,806,357.64 RMB, a decrease from 19,736,078.62 RMB in the previous period, suggesting reduced capital expenditure[38] - The company paid 120,000,000.00 RMB in debt repayments, consistent with the previous period, reflecting ongoing debt management strategies[42]

Financial Performance - In 2013, the company achieved a net profit attributable to shareholders of CNY 10,461,728.18, compared to a net loss of CNY 56,059,078.22 in 2012, marking a significant recovery[4]. - The company's operating revenue for 2013 was CNY 118,568,746.96, a decrease of 21.16% from CNY 150,400,718.16 in 2012[20]. - The net cash flow from operating activities was CNY 5,940,538.48, an improvement from a negative cash flow of CNY -34,369,729.03 in 2012[20]. - The company's net assets attributable to shareholders increased by 2.33% to CNY 458,607,801.49 at the end of 2013, compared to CNY 448,146,073.31 at the end of 2012[20]. - Basic earnings per share for 2013 were CNY 0.02, recovering from a loss of CNY -0.13 per share in 2012[20]. - The weighted average return on equity was 2.31% in 2013, a significant improvement from -11.79% in 2012[20]. - The company reported a negative net profit of CNY -118,737,359.07 after deducting non-recurring gains and losses, compared to CNY -81,663,904.35 in 2012[20]. - In 2013, the company achieved a main business revenue of 119 million RMB and a net profit of 10.46 million RMB, successfully turning a profit compared to the previous year[24]. - The company received investment income of 151.4 million RMB from the sale of equity stakes in three subsidiaries, which significantly contributed to its profitability[24]. Asset Management - The total assets of the company decreased by 9.14% to CNY 1,054,141,453.62 at the end of 2013, down from CNY 1,160,209,051.82 in 2012[20]. - Cash and cash equivalents increased by 315.09% to ¥134,556,150.91, primarily due to equity sales and the recovery of entrusted loans[32]. - Inventory decreased by 44.77% to ¥3,194,871.60, attributed to reduced stockpiling[33]. - Short-term borrowings decreased by 39.98% to ¥120,047,500.00, mainly due to loan repayments[33]. - The total investment in equity accounted for ¥103,528,338.16, with a significant decrease of ¥25,276,710.44 from the previous period[36]. Operational Efficiency - The operating costs also decreased by 17.19%, totaling 19.80 million RMB, indicating improved cost management[28]. - The company successfully reduced energy consumption across its operations, with water and electricity usage showing a downward trend compared to the previous year[25]. - The company established a pricing system to monitor supply costs and enhance cost control measures[25]. - The company is implementing measures to reduce management costs by optimizing personnel and organizational structure[47]. Marketing and Business Development - The company expanded its marketing efforts by participating in tourism promotion events and leveraging social media platforms, which helped attract loyal customers[24]. - The company engaged in multiple project assessments across various regions, including Qingdao and Anhui, to explore new business opportunities[27]. - The company is exploring new business opportunities in online and offline tourism services, leveraging its membership club management platform[48]. - The company intends to establish a hotel management company to expand its brand and management output services in the hot spring industry[45]. Governance and Compliance - The company established a rectification working group led by General Manager Jin Yan in response to the regulatory letter from the Jiangsu Securities Regulatory Bureau, ensuring compliance with relevant laws and regulations[92]. - The company strictly adhered to the sensitive information management system, with no insider trading incidents reported among directors, supervisors, and senior management[93]. - The board of directors approved revisions to the disclosure error responsibility system to enhance accountability and compliance[109]. - The company has not reported any overdue guarantees[60]. Shareholder Information - The total number of shareholders as of the end of the reporting period is 43,164, compared to 40,583 five trading days prior[72]. - The largest shareholder, China National Travel Service Group Corporation, holds 17.03% of shares, totaling 73,556,106 shares[72]. - The company has not proposed any cash dividend distribution plan for 2013, despite having positive net profit for the parent company[54]. Financial Reporting and Audit - The company received a standard unqualified audit report from Lixin Accounting Firm for the annual financial report[110]. - The internal control system was continuously improved, with no significant deficiencies identified in the internal control evaluation as of December 31, 2013[103]. - The company revised its accounting policy for investment properties back to the cost model, which will not materially affect the financial reports for 2012 and 2013[108]. Employee Management - The company employed a total of 621 staff, with 44 in the parent company and 577 in major subsidiaries[84]. - The professional composition of employees includes 347 production personnel, 47 sales personnel, 69 technical personnel, 50 financial personnel, and 108 administrative personnel[85]. - The company has implemented a training program focusing on new employee onboarding, skills training, and external training initiatives[86]. Financial Health - The company's total liabilities decreased from CNY 709,132,479.18 to CNY 592,414,999.63, reflecting a reduction of about 16.5%[119]. - The total equity attributable to shareholders increased from CNY 448,146,073.31 to CNY 458,607,801.49, showing a growth of about 2.9%[119]. - The company reported a net profit of -63,110,274.38 yuan in 2011 and -56,059,078.22 yuan in 2012, with no profit distribution during these years[53].