Financial Performance - Net profit attributable to shareholders decreased by 20.02% to CNY 73,040,680.99 for the year-to-date period[6] - Operating revenue for the year-to-date period decreased by 8.01% to CNY 275,649,665.96 compared to the same period last year[6] - Basic and diluted earnings per share decreased by 20.02% to CNY 0.5671[7] - The weighted average return on equity decreased by 5.43 percentage points to 13.43%[7] - The company anticipates potential losses or significant changes in net profit compared to the previous year, indicating a cautious outlook for the upcoming period[12] - The net profit for Q3 2019 was ¥64,780,150.53, down 22.2% from ¥83,285,441.10 in Q3 2018[23] - The total profit for Q3 2019 was ¥88,302,390.88, a decrease of 19.0% from ¥109,150,156.05 in Q3 2018[23] - The net profit for the first three quarters of 2019 was ¥69,869,859.70, a decrease of 22.5% compared to ¥90,150,387.39 in the same period of 2018[23] Assets and Liabilities - Total assets increased by 17.66% to CNY 2,112,764,289.31 compared to the end of the previous year[6] - Total liabilities amounted to CNY 1,006,073,681.21, slightly increasing from CNY 1,005,652,117.32 year-over-year[15] - Current assets totaled CNY 257,009,059.95, up from CNY 238,883,334.92, indicating a growth of approximately 7.5%[19] - Non-current assets reached CNY 956,314,701.62, compared to CNY 916,473,036.33, reflecting an increase of about 4.3%[19] - The total owner's equity reached CNY 1,106,690,608.10, up from CNY 789,930,503.82, indicating a significant increase of approximately 40%[15] - Total equity attributable to the parent company reached ¥504,580,752.58, while total equity including minority interests was ¥789,930,503.82[35] Cash Flow - Net cash flow from operating activities decreased by 9.78% to CNY 109,913,733.79 year-to-date[6] - The cash flow from operating activities for the first three quarters of 2019 was CNY 109,913,733.79, down from CNY 121,830,061.28 in the first three quarters of 2018, a decrease of 9.8%[29] - The net cash flow from operating activities for the first three quarters of 2019 was ¥97,329,997.43, a decrease of 8.5% compared to ¥105,833,290.67 in the same period of 2018[30] - The net cash flow from investing activities was -¥69,954,102.71 in Q3 2019, compared to -¥301,165,165.35 in Q3 2018, indicating a significant reduction in cash outflow[31] - The net cash flow from financing activities was -¥48,064,535.70 in Q3 2019, contrasting with a positive net cash flow of ¥205,930,304.68 in Q3 2018[31] Shareholder Information - The total number of shareholders at the end of the reporting period was 4,049[8] - The largest shareholder, Dalian Xinghai Bay Financial Business District Investment Management Co., Ltd., holds 24.03% of the shares[8] Investments and Expenditures - Long-term borrowings increased by 96.33% to ¥249.92 million, mainly due to loans for project construction by a subsidiary[11] - The company reported a total cash inflow from financing activities of CNY 604,466,783.05 in the first three quarters of 2019, compared to CNY 513,682,500.00 in the same period of 2018, an increase of 17.7%[29] - The company received other income of ¥729,887.74, a 59.14% increase, mainly from subsidies[12] - The net cash paid for the purchase of fixed assets was ¥341.23 million, a 68.90% increase compared to the previous period[12] Operational Metrics - The company's operating revenue for Q3 2019 was approximately ¥275.65 million, a decrease of 8.01% compared to ¥299.67 million in the same period last year[11] - Total operating costs for Q3 2019 were ¥63,388,273.29, an increase of 24.4% from ¥50,985,624.15 in Q3 2018[22] - The company's financial expenses for the first three quarters of 2019 were CNY 19,195,261.87, up from CNY 16,577,864.43 in the same period of 2018, indicating an increase of 9.8%[26] - The company’s sales expenses in the first three quarters of 2019 were CNY 9,083,918.51, a decrease of 13.6% from CNY 10,510,471.21 in the first three quarters of 2018[26]

Financial Performance - The company's operating revenue for the first half of 2019 was CNY 130,766,263.44, a decrease of 6.74% compared to CNY 140,213,708.24 in the same period last year[18]. - The net profit attributable to shareholders for the first half of 2019 was CNY 7,593,516.48, down 8.09% from CNY 8,261,646.25 in the previous year[18]. - The net profit after deducting non-recurring gains and losses increased by 50.77% to CNY 8,021,990.37 from CNY 5,320,511.19 in the same period last year[18]. - Basic earnings per share for the first half of 2019 were CNY 0.0590, a decrease of 7.96% compared to CNY 0.0641 in the same period last year[19]. - Diluted earnings per share also stood at CNY 0.0590, down 7.96% from CNY 0.0641 in the previous year[19]. - The company's main business revenue increased by CNY 3,752,700, or 3.1%, while other business revenue decreased by CNY 1,320,000, or 68.5%[39]. - The company reported a net profit of CNY 321.97 million from Harbin Saint Asia Polar Park, with total assets of CNY 17,977.71 million[50]. - The company reported a total comprehensive income of 16,052,007.56 during the reporting period[118]. Cash Flow and Liquidity - The net cash flow from operating activities reached CNY 45,900,104.58, a significant increase of 936.50% compared to a negative cash flow of CNY -5,487,185.04 in the previous year[18]. - Cash and cash equivalents decreased by 47.20% to 90,591,780.72 CNY due to the purchase of biological assets and payment for equity acquisition[20]. - The cash flow from investment activities showed a net outflow of CNY 178,431,924.23, primarily due to payments for construction projects[42]. - The company reported a total tax expense of CNY 3,760,855.40 for the first half of 2019, up from CNY 3,377,563.83 in the previous year[95]. - The ending balance of cash and cash equivalents was RMB 14,963,772.67, a significant decrease from RMB 110,604,313.11 at the end of the first half of 2018[103]. Assets and Liabilities - The total assets of the company at the end of the reporting period were CNY 1,849,997,229.04, reflecting a growth of 3.03% from CNY 1,795,582,621.14 at the end of the previous year[18]. - The net assets attributable to shareholders increased by 2.27% to CNY 516,028,843.24 from CNY 504,580,752.58 at the end of the previous year[18]. - Long-term borrowings increased by 40.52% to 178,875,512.72 CNY, attributed to project construction loans for a subsidiary[20]. - Total liabilities amounted to CNY 1,016,911,016.05, slightly up from CNY 1,005,652,117.32, showing a marginal increase of about 1.3%[84]. - The total amount of restricted assets reached CNY 131,819,682.33, including investment properties and fixed assets used as collateral for loans[47]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 4,874[72]. - The largest shareholder, Dalian Xinghaiwan Financial Business District Investment Management Co., Ltd., holds 30,945,600 shares, accounting for 24.03%[73]. - The second-largest shareholder, Liaoning Mike Group Co., Ltd., holds 7,493,840 shares, accounting for 5.82%[73]. - The company reported no changes in share capital structure during the reporting period[71]. Business Strategy and Market Focus - The company continues to focus on developing marine animal culture as its main business, aligning with its "Big White Whale Plan" development strategy[26]. - The company is focusing on enhancing its sales system and expanding the individual customer market through various promotional activities and partnerships with brands like Huawei and OPPO[35]. - The company is advancing the construction of smart scenic areas, optimizing management systems, and enhancing data collection for better operational support[37]. - The company launched the "Whale MALL," a cultural and commercial complex themed around marine animals, expanding its audience reach[30]. - The company is focused on marketing activities targeting younger demographics, including the "Whale Culture Festival" which garnered over 60 million media exposures[33]. Risks and Challenges - The company faces significant risks, including stable revenue from existing venues and increased competition in the tourism market, particularly in Dalian[52]. - The company is in the process of digitalizing its tourism management, which requires further investment and acceleration to adapt to changing management models[53]. Accounting and Financial Reporting - The company's financial statements comply with the requirements of the enterprise accounting standards, reflecting the financial position, operating results, changes in shareholders' equity, and cash flows accurately[126]. - The company has not experienced any major accounting errors requiring restatement during the reporting period[69]. - There were no significant accounting policy changes or estimates affecting the financial statements[68].

公司代码：600593 公司简称：大连圣亚 2019 年第一季度报告 大连圣亚旅游控股股份有限公司 2019 年第一季度报告 1 / 24 | 一、 | 重要提示 3 | | --- | --- | | 二、 | 公司基本情况 3 | | 三、 | 重要事项 6 | | 四、 | 附录 8 | 2019 年第一季度报告 一、 重要提示 1.1 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和连带的法律责任。 1.2 公司全体董事出席董事会审议季度报告。 二、 公司基本情况 2.1 主要财务数据 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 | 1,797,159,466.42 | 1,795,582,621.14 | | 0.09 | | 归属于上市公司 | 499,918,299.86 | 504,580,752.58 | | -0.92 | | 股东的净资产 | | ...

Financial Performance - The net profit attributable to the parent company for 2018 was CNY 57,656,065.79, representing a 3.96% increase compared to CNY 55,459,773.85 in 2017[5]. - The total operating revenue for 2018 was CNY 347,656,171.06, showing a slight increase of 0.84% from CNY 344,761,790.94 in the previous year[22]. - The net cash flow from operating activities reached CNY 113,028,721.72, which is a 7.68% increase from CNY 104,964,173.45 in 2017[22]. - The company reported a decrease of 15.94% in net profit after deducting non-recurring gains and losses, totaling CNY 40,872,850.38 compared to CNY 48,622,857.13 in 2017[22]. - The weighted average return on equity decreased to 12.34% from 13.30% in the previous year, a decline of 0.96 percentage points[24]. - The company reported a net profit of 9,256,099.71, which is a decrease of 30.17% compared to the previous year[34]. - The company reported a basic earnings per share of RMB 0.4476, an increase of RMB 0.017 or 3.95% from the previous year[65]. - The company aims to achieve a return on equity of 15% in the upcoming fiscal year[153]. Assets and Liabilities - The total assets as of the end of 2018 amounted to CNY 1,795,582,621.14, reflecting a significant growth of 54.32% compared to CNY 1,163,549,536.57 in 2017[23]. - The net assets attributable to shareholders increased by 15.06% to CNY 504,580,752.58 from CNY 438,527,484.20 in 2017[23]. - The total assets increased to 585,841,136.60, marking a 32.63% growth year-over-year[34]. - Short-term borrowings increased to 216,500,000.00, reflecting a 71.15% rise due to increased funding needs[34]. - The company has pledged assets totaling 223,424,856.56 for loans, including cash, investment properties, and fixed assets[87]. - The company reported a 715.27% increase in accounts payable, totaling 21,964,270.49, primarily due to bank acceptance bills issued for project payments[85]. Cash Flow - The net cash flow from investing activities decreased by 41.26% to CNY -308,544,875.27, mainly due to payments for equity acquisition and increased project investments[70]. - Net cash flow from financing activities increased by 235.80% to CNY 236,288,731.11, driven by new borrowings and capital injections[70]. Market and Industry Trends - The tourism industry in China is experiencing growth, with increasing contributions to GDP and rising consumer spending, driven by government policies and a shift towards quality consumption[32]. - The theme park market in China is expected to surpass that of the United States, with a focus on developing strong intellectual properties (IPs) in marine-themed parks[33]. - The competitive landscape in Dalian's tourism market remains challenging, with a need for effective collaboration among attractions to improve market share[33]. Strategic Initiatives - The company is implementing a "Big White Whale Plan" to enhance its cultural tourism offerings and expand its operational capabilities[32]. - The company is exploring full-domain tourism in collaboration with major shareholders, leveraging resources to enhance the quality and value of the listed company[104]. - The company is focusing on digital transformation in tourism management, with ongoing investments in smart tourism projects[109]. Community Engagement and Corporate Social Responsibility - The company emphasized corporate social responsibility by hosting various community engagement activities, including free visits for frontline workers[44]. - The company actively participated in over 100 marine cultural research activities, enhancing local educational engagement[133]. Marketing and Brand Development - The brand influence was strengthened through a multi-channel marketing strategy centered around marine culture[37]. - The company launched seasonal marketing campaigns centered around marine culture, including "Spring Fun Ocean" and "Love Ocean," to enhance user engagement and interaction[42]. - The company expanded its marketing strategies by leveraging online platforms and student group tours to attract new visitors[46]. Human Resources and Management - The company has established academic ties with colleges to cultivate professional technical talent in the aquarium industry[39]. - The company implemented a human resources management framework, establishing a group organizational structure and performance evaluation system to support talent management[51]. - The total remuneration for all directors, supervisors, and senior management personnel is 6.05 million yuan[159]. Internal Controls and Governance - The company has established an effective internal control system, ensuring the validity of financial reporting without any major defects as of December 31, 2018[178]. - The audit report provided a standard unqualified opinion on the effectiveness of the company's internal controls[186]. - The board of directors has established four specialized committees to enhance decision-making processes and ensure the company's healthy development[169]. Future Outlook and Challenges - The company aims to maintain its main business revenue at the same level as last year despite facing competitive pressures and increasing costs, with a significant possibility of profit decline in 2019[100]. - The company is facing financial difficulties due to tight funding and increasing costs, particularly financial expenses, which may lead to significant profit declines or even losses in the coming years[105]. - The company acknowledges potential impacts from external factors such as political changes and natural disasters on its operations[109].

Financial Performance - Operating revenue for the first nine months increased by 1.47% to CNY 299,665,790.23 compared to the same period last year[6] - Net profit attributable to shareholders grew by 1.99% to CNY 91,320,100.70 year-on-year[6] - Basic earnings per share decreased by 13.40% to CNY 0.8428 compared to the previous year[6] - Total operating revenue for the third quarter was ¥159,452,081.99, a decrease of 3.2% compared to ¥165,318,363.07 in the same period last year[23] - Net profit for the third quarter was ¥83,285,441.10, compared to ¥83,327,269.43 in the previous year, reflecting a marginal decline of 0.1%[24] - Year-to-date net profit was ¥90,150,387.39, up from ¥86,838,582.59, indicating a growth of 3.6%[24] Assets and Liabilities - Total assets increased by 44.69% to CNY 1,683,594,880.35 compared to the end of the previous year[6] - Net assets attributable to shareholders rose by 20.82% to CNY 529,847,584.90 year-on-year[6] - Other receivables increased by 58.53% to ¥75,512,372.36 due to project construction payments for Sanya Whale World[11] - Other current assets rose by 104.34% to ¥26,958,585.66, attributed to input tax credits and deductible input tax increases[11] - Long-term equity investments increased by 53.35% to ¥59,438,373.17, influenced by changes in the status of subsidiaries and investments in various companies[12] - Construction in progress grew by 56.06% to ¥358,559,152.22, driven by ongoing projects[12] - Intangible assets surged by 190.85% to ¥588,767,142.09, primarily due to the inclusion of new subsidiaries and land use rights[12] - Total liabilities amounted to ¥892,011,711.13, compared to ¥522,202,156.82, indicating a growth of approximately 70.8%[17] Cash Flow - The net cash flow from operating activities decreased by 7.05% to CNY 121,830,061.28 for the first nine months[6] - Cash flow from operating activities for the first nine months of 2018 was approximately 121.83 million RMB, compared to 131.07 million RMB in the same period last year[33] - Cash inflow from financing activities increased to $439.80 million, up 28.6% from $342.00 million in the previous year[36] - Net cash flow from financing activities improved to $205.93 million, contrasting with a negative cash flow of -$158.10 million in the same period last year[36] Shareholder Information - The total number of shareholders reached 4,808 by the end of the reporting period[8] - The largest shareholder, Dalian Xinghai Bay Financial Business District Investment Management Co., Ltd., holds 24.03% of the shares[8] Expenses - Management expenses increased to ¥23,402,926.36 from ¥20,289,915.47, an increase of 10.4% year-over-year[23] - Financial expenses for the quarter were ¥6,424,918.34, significantly higher than ¥2,347,373.28, marking an increase of 173%[23] Investments - The company made significant investments totaling ¥43,800,000.00, a 14500.00% increase, for various projects and acquisitions[13] - Total cash outflow from investment activities surged to $301.31 million, compared to $71.66 million in the same period last year, indicating a significant increase in investment spending[35]

Financial Performance - The company's operating revenue for the first half of 2018 was CNY 140,213,708.24, representing a 7.86% increase compared to CNY 129,995,339.14 in the same period last year[20]. - The net profit attributable to shareholders for the first half of 2018 was CNY 8,261,646.25, a 35.23% increase from CNY 6,109,323.59 in the previous year[20]. - Basic earnings per share for the first half of 2018 were CNY 0.0842, up 26.81% from CNY 0.0664 in the same period last year[21]. - The diluted earnings per share also stood at CNY 0.0842, marking a 26.81% increase compared to the previous year[21]. - The net profit after deducting non-recurring gains and losses was CNY 5,320,511.19, a 28.99% increase from CNY 4,124,638.93 in the previous year[20]. - The company's total comprehensive income for the first half of 2018 was CNY 16,052,007.56, compared to CNY 12,700,880.46 in the previous year, marking a 26.5% increase[98]. Cash Flow and Financial Position - The net cash flow from operating activities was negative CNY 5,487,185.04, a significant decrease of 117.71% compared to a positive CNY 30,979,795.59 in the same period last year[20]. - The net cash flow from financing activities increased by 247.05%, from -¥121,520,873.83 to ¥178,695,287.16, mainly due to new borrowings and the release of pledged deposits[45]. - Cash received from new borrowings reached ¥349,682,500.00, a 176.43% increase compared to the previous period[24]. - The company's total current assets decreased from CNY 328,090,029.26 at the beginning of the period to CNY 294,185,188.32 at the end of the period, a decline of approximately 10.34%[88]. - The company's total non-current assets increased from CNY 835,459,507.31 at the beginning of the period to CNY 1,269,368,488.35 at the end of the period, an increase of approximately 52.0%[89]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 1,563,553,676.67, which is a 34.38% increase from CNY 1,163,549,536.57 at the end of the previous year[20]. - The company's total liabilities increased significantly, with long-term borrowings rising by 351.64% to ¥125,375,088.93, indicating a strategic shift towards leveraging for growth[22]. - Deferred income tax liabilities increased significantly by 5033.13% to ¥82,823,407.74, attributed to temporary differences from land use rights valuation[23]. - The company's total liabilities increased to CNY 484,778,459.06 from CNY 371,018,497.21, representing a rise of 30.6%[93]. Investments and Capital Expenditures - Long-term equity investments increased by 38.69% to ¥53,757,281.53, driven by additional investments in Chunan Shengya Industrial Co., Ltd. and Whale World Tourism Management (Beijing) Co., Ltd.[22]. - The company made cash investments totaling ¥38,800,000.00, a staggering increase of 12833.33%, primarily for equity acquisitions and project funding[23]. - The company invested 139,300,000.00 RMB in fixed assets and intangible assets, a significant increase from 25,000,000.00 RMB in the same period last year[104]. Market and Operational Insights - In the first half of 2018, domestic tourism reached 2.826 billion trips, a year-on-year increase of 11.4%, with domestic tourism revenue of 2.45 trillion yuan, up 12.5%[30]. - The company has expanded its operations in economically developed regions such as the Yangtze River Delta and popular tourist destinations, enhancing its competitive edge[29]. - The cultural tourism sector has rapidly emerged, with significant investments from local brands, intensifying competition in the theme park market[31]. - The company is experiencing challenges from emerging travel trends such as self-driving tours and personalized experiences, necessitating faster product updates[55]. Shareholder and Capital Structure - The total number of ordinary shareholders at the end of the reporting period was 5,764[75]. - The company increased its total share capital from 92,000,000 shares to 128,800,000 shares, representing a 40% increase due to a capital reserve conversion[74]. - The largest shareholder, Dalian Xinghai Bay Financial Business District Investment Management Co., Ltd., held 30,945,600 shares, accounting for 24.03% of total shares[77]. Risks and Challenges - The company faces risks from stable revenue in existing venues, limited growth potential, and uncertainties in new projects still under construction[54]. - Increased competition in Dalian's tourism market is pressuring the company to attract customers amid rising fixed costs[54]. - The company is exposed to risks from uncontrollable factors such as major pandemics or natural disasters that could significantly affect operations[55]. Accounting and Compliance - The company reported no changes in accounting policies or estimates during the reporting period[74]. - The company’s accounting policies comply with the enterprise accounting standards, ensuring accurate financial reporting[124]. - The company has evaluated its ability to continue as a going concern and found no significant doubts regarding its operational sustainability[123].

Financial Performance - Operating revenue decreased by 6.01% to CNY 41,790,590.23 year-on-year[5] - Net profit attributable to shareholders decreased by 4.15% to -CNY 10,261,674.85[5] - The company experienced a decrease in net profit from operating activities compared to the same period last year[5] - Net loss for Q1 2018 was CNY 9,855,230.05, an improvement from a net loss of CNY 11,102,946.37 in Q1 2017[24] - The net profit for Q1 2018 was -5,955,308.15 RMB, a decrease from -6,900,561.26 RMB in the same period last year, indicating a 13.7% improvement year-over-year[27] - The company’s total revenue from sales and services received cash of 45,356,933.45 RMB, a slight decrease from 48,337,032.71 RMB in the previous year[29] Cash Flow - Net cash flow from operating activities worsened by 191.16%, reaching -CNY 34,940,368.28[5] - Operating cash flow for Q1 2018 was -34,940,368.28 RMB, compared to -12,000,386.56 RMB in Q1 2017, reflecting a significant decline in cash generation[29] - The cash flow from operating activities showed a net outflow of -28,423,257.71 RMB for the parent company, worsening from -5,228,970.95 RMB in the previous year[31] - Cash received from other operating activities increased by 170.68% to ¥3,793,158.52, mainly from animal leasing deposits and bid guarantees[13] - Cash paid for other operating activities surged by 280.55% to ¥31,833,487.34, primarily for repayment of previous debts and project payments[13] - Cash inflow from financing activities was 332,882,500.00 RMB, a substantial increase from 46,500,000.00 RMB in the previous year, indicating strong financing support[30] Assets and Liabilities - Total assets increased by 6.48% to CNY 1,238,945,891.19 compared to the end of the previous year[5] - Total assets increased to CNY 839,354,462.70 at the end of Q1 2018, up from CNY 787,148,995.19 at the beginning of the year[21] - Current liabilities totaled CNY 352,533,935.48, an increase of 8.0% from CNY 326,446,677.61 at the start of the year[21] - The company’s total liabilities increased significantly due to new borrowings, with 243,882,500.00 RMB received from loans in Q1 2018 compared to 46,500,000.00 RMB in the previous year[30] Investments - Long-term equity investments surged by 74.30% to ¥67,559,662.25 due to increased equity investments during the reporting period[12] - The company reported cash outflows from investing activities totaling 102,655,153.43 RMB, significantly higher than 14,085,647.28 RMB in the same period last year, reflecting increased investment activities[30] - The company’s investment cash outflow included 38,800,000.00 RMB for new investments, a sharp increase from 300,000.00 RMB in the previous year, indicating aggressive expansion strategies[30] Shareholder Information - The number of shareholders reached 7,163 at the end of the reporting period[10] - The largest shareholder, Dalian Xinghai Bay Financial Business District Investment Management Co., Ltd., holds 24.03% of shares[10] Earnings Per Share - Basic and diluted earnings per share improved by 6.58% to -CNY 0.0965[5] - Basic and diluted earnings per share for Q1 2018 were both CNY -0.0965, compared to CNY -0.1033 in Q1 2017[25]

Financial Performance - The company's total revenue for 2017 was CNY 344,761,790.94, representing a 14.60% increase compared to CNY 300,836,319.98 in 2016[21]. - The net profit attributable to shareholders for 2017 was CNY 55,459,773.85, a significant increase of 65.31% from CNY 33,548,554.66 in 2016[21]. - The net profit excluding non-recurring gains and losses was CNY 48,622,857.13, which is a 25.43% increase from CNY 38,764,808.44 in 2016[21]. - Cash flow from operating activities for 2017 was CNY 104,964,173.45, an 18.82% increase compared to CNY 88,337,017.79 in 2016[21]. - Basic earnings per share increased by 65.29% to CNY 0.6028 in 2017 compared to CNY 0.3647 in 2016[22]. - The weighted average return on equity rose to 13.30% in 2017, an increase of 4.68 percentage points from 8.62% in 2016[22]. - The company reported a net profit attributable to shareholders of CNY 83,424,612.68 in Q3 2017, with a significant increase compared to previous quarters[24]. - The total operating revenue for Q2 2017 was CNY 88,433,849.53, showing growth from Q1 2017[24]. - The company reported a net loss of CNY 34,074,162.42 in Q4 2017, indicating challenges in the latter part of the year[24]. - Non-recurring gains and losses amounted to CNY 6,836,916.72 in 2017, contrasting with a loss of CNY 5,216,253.78 in 2016[27]. Assets and Liabilities - Total assets at the end of 2017 amounted to CNY 1,163,549,536.57, reflecting a 14.03% increase from CNY 1,020,392,402.41 at the end of 2016[21]. - The company's net assets attributable to shareholders increased to CNY 438,527,484.20, a 9.23% rise from CNY 401,467,710.35 in 2016[21]. - The total liabilities decreased by 73.41% for long-term borrowings, dropping to approximately ¥27.76 million from ¥104.41 million[4]. - The company reported a 501.67% increase in construction in progress, amounting to 229,750,883.77, due to project progress[79]. - The company's intangible assets increased by 188.58% to 202,430,225.09, mainly due to the acquisition of land use rights[79]. Capital and Dividend Policy - The company proposed a capital reserve conversion plan to increase share capital from 92,000,000 shares to 128,800,000 shares, with a distribution of 4 new shares for every 10 shares held[5]. - The company will not distribute cash dividends for the year, retaining profits for future development, despite having distributed CNY 36,800,000 in cash dividends over the past three years[5]. - The company proposed a profit distribution plan, including a 10% statutory surplus reserve of ¥6,885,057.55, and will not distribute cash dividends this year, retaining profits for future development[114]. - The independent directors expressed that the profit distribution and capital reserve transfer plan aligns with the long-term development of the company and protects the interests of all shareholders[115]. Strategic Development and Projects - The company has implemented the "Big White Whale Plan" since 2012 to drive its strategic development[29]. - The company is focusing on a full cultural industry chain development model, enhancing its competitive edge in the tourism sector[29]. - The company is developing the Zhenjiang Magic Ocean World project, with 100% completion of underground works and 80% completion of the second floor[52]. - The Kunming Big Whale Fantasy World project is in the planning stage, with land acquisition for 754 acres underway[52]. - The company plans to open several new projects, including the Zhenjiang Big Whale Magic Ocean World by summer 2019 and the Kunming Big Whale Fantasy World by 2020, with multiple other projects scheduled for completion between 2018 and 2021[94][95]. Market and Competition - The tourism industry is undergoing significant changes, with cultural tourism emerging as a new growth area, intensifying competition from both domestic and international brands[30]. - In 2017, 70% of domestic theme parks were operating at a loss, with only 10% achieving profitability; Dalian and Harbin projects were among the profitable ones[4]. - The company faced significant operational challenges due to market segmentation and competition, necessitating product upgrades and effective marketing strategies[69]. Marketing and Brand Development - The company's marketing strategy, "Big White Whale Plan," effectively combined online and offline marketing, contributing positively to brand promotion and customer traffic growth[61]. - The marketing strategy included over 40 exposures in central media and 3000+ reports in local media, significantly boosting brand awareness[41]. - The company has developed the "Whale MALL," a cultural and commercial complex in Dalian, expanding its audience reach[6]. Human Resources and Management - The company has implemented a strategic human resources system reform, linking employee compensation to performance metrics, enhancing overall performance management[46]. - The company has established a performance-based salary system, with annual salaries for senior management consisting of fixed and performance-based components[161]. - The company has a structured training system that includes various training programs tailored to different employee needs[163]. - The company has maintained strict independence from its controlling shareholder in personnel, assets, finance, and operations, ensuring independent accounting and risk management[167]. Governance and Compliance - The company has a comprehensive information disclosure system, ensuring timely and accurate communication with shareholders[168]. - The company adheres to legal and regulatory requirements in its governance practices, with no significant discrepancies noted[169]. - The board has held four meetings during the year, with all directors participating in accordance with company regulations[170]. - The company has established specialized committees within the board, including audit, strategy, nomination, and compensation committees, to enhance decision-making processes[170]. Social Responsibility - The company engaged in various social responsibility initiatives, including the rescue of two endangered sea lions, which were successfully rehabilitated[133]. - Over 10,000 students participated in educational programs and activities, including marine science classes and cultural events, promoting marine awareness[134]. - The company hosted multiple themed educational activities, reaching thousands of participants and providing free access to over 100 children with autism[134].

Financial Performance - Operating revenue for the first nine months reached CNY 305,461,052.65, a 13.69% increase from the same period last year[7] - Net profit attributable to shareholders increased by 29.31% to CNY 89,533,936.27 compared to the previous year[7] - Basic earnings per share rose by 29.31% to CNY 0.9732[8] - The company reported a total comprehensive income of 83,327,269.43 for Q3 2017, compared to 67,026,593.68 in Q3 2016, marking an increase of approximately 24.3%[26] - The total profit for the first nine months of 2017 was 231,259,269.17, compared to 191,143,436.11 in the same period of 2016, representing a growth of about 21%[29] Assets and Liabilities - Total assets increased by 29.14% to CNY 1,317,700,760.49 compared to the end of the previous year[7] - The company’s total assets reached ¥1,317,700,760.49, up from ¥1,020,392,402.41, indicating strong growth in asset base[18] - Current liabilities increased significantly, with other payables rising by 272.55% to ¥269,339,432.58 from ¥72,295,914.17, primarily due to equity transfer payments[14] - Total liabilities decreased to ¥335,825,138.23 from ¥377,726,851.28 year-over-year, reflecting a reduction of approximately 11.1%[22] Cash Flow - Cash flow from operating activities for the first nine months was CNY 131,067,174.18, up 6.16% year-over-year[7] - Cash inflow from financing activities increased significantly to CNY 342,000,000.00, compared to CNY 130,000,000.00 in the previous year[36] - Net cash flow from operating activities reached CNY 132,396,699.54, up from CNY 111,856,485.20, reflecting a growth of 18.3% year-over-year[35] - Cash outflow for debt repayment was CNY 300,598,531.16, a substantial increase from CNY 70,000,000.00 in the same period last year[36] Shareholder Information - The total number of shareholders at the end of the reporting period was 9,168[10] - The top ten shareholders held a combined 58.69% of the shares, with the largest shareholder owning 24.03%[11] Investments and Future Plans - The company plans to continue expanding its project developments and investments in new technologies[16] - Long-term investments increased to ¥235,410,489.79 from ¥175,410,489.79, showing a growth of 34.3%[21] Tax and Expenses - The company reported a 60.32% increase in income tax expenses to ¥32,860,896.51 from ¥20,496,676.29, driven by higher profits[15] - Financial expenses increased by 37.59% to ¥9,639,824.05 from ¥7,006,194.80, mainly due to an increase in average loan scale[15]

Financial Performance - The company's operating revenue for the first half of 2017 was CNY 132,895,339.14, representing a 15.17% increase compared to CNY 115,387,137.58 in the same period last year [16]. - The net profit attributable to shareholders for the first half of 2017 was CNY 6,109,323.59, a significant increase of 147.05% from CNY 2,472,946.92 in the previous year [16]. - The net cash flow from operating activities reached CNY 30,979,795.59, up 56.39% from CNY 19,809,746.82 in the same period last year [16]. - The basic earnings per share for the first half of 2017 was CNY 0.0664, an increase of 146.84% compared to CNY 0.0269 in the previous year [17]. - The weighted average return on equity increased to 1.55%, up by 0.90 percentage points from 0.65% in the same period last year [17]. - The net profit after deducting non-recurring gains and losses was CNY 6,183,883.21, which is a 32.39% increase from CNY 4,670,898.34 in the same period last year [16]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 996,513,130.43, a decrease of 2.34% from CNY 1,020,392,402.41 at the end of the previous year [16]. - The net assets attributable to shareholders decreased by 3.06% to CNY 389,177,033.94 from CNY 401,467,710.35 at the end of the previous year [16]. - Cash and cash equivalents decreased by 31.77% to ¥271,728,259.94 due to land transfer payments and construction costs during the reporting period [18]. - Long-term receivables increased by 53.92% to ¥5,020,892.86, primarily due to the difference between recognized rental income and actual cash received [18]. - The company's total current assets decreased from CNY 511,904,632.03 to CNY 357,775,569.38, representing a decline of approximately 30% [74]. - Total liabilities decreased from CNY 416,477,469.23 to CNY 398,061,483.66, a reduction of about 4.4% [76]. Operational Developments - The company has expanded its operations in economically developed regions such as the Yangtze River Delta and popular tourist destinations like Xiamen and Sanya [24]. - The company is focused on developing a full cultural industry chain model since the launch of the "Big Whale Plan" in 2012 [24]. - The tourism industry is in an expansion phase, supported by government policies and increasing domestic tourism consumption demand [25]. - The company aims to enhance its product structure and competitiveness through cross-industry integration and new urban entertainment experiences like Whale MALL [24]. - The company has successfully upgraded the Dolphin Bay performance venue, enhancing visitor experience with new LED screens and additional seating [29]. - The company has established itself as a leader in penguin breeding technology, achieving over 30 successful breedings in its facility, the highest in China [30]. Marketing and Brand Recognition - The company has launched various marketing campaigns targeting specific demographics, including students and families, to boost visitor numbers [34]. - The company received recognition as one of the "Top 10 Most Popular Tourist Attractions" from Qunar.com, enhancing its brand visibility [35]. Investments and Financial Management - The company invested CNY 10 million in Dalian Lushun Mengyin Village Bank, holding a 10% stake, with a book value of CNY 10 million and a profit of CNY 4,624,351.94 during the reporting period [47]. - The company invested CNY 5 million in Dalian Zhongshan Xinde Microfinance Co., holding a 10% stake, resulting in a loss of CNY 9,679,506.77 during the reporting period [48]. - The company increased its investment in Dalian Yihe Real Estate Co. by CNY 14 million, raising its stake to 70% in the subsidiary Dabaiqing World (Chun'an) Cultural Tourism Development Co., with goodwill recognized at CNY 379,151.00 [49]. - The company reported a total investment of CNY 15 million in non-listed financial enterprises, with an overall loss of CNY 5,055,154.83 during the reporting period [47]. Corporate Governance and Compliance - The company has retained Da Hua Accounting Firm for the 2017 audit, with audit fees remaining consistent at CNY 450,000 [56]. - The company has no significant litigation or arbitration matters during the reporting period [57]. - The company confirms that the financial statements are prepared based on the assumption of going concern, with no significant doubts about its ability to continue operations for the next 12 months [113]. - The accounting policies and estimates comply with the requirements of the enterprise accounting standards, reflecting the company's financial position and operating results accurately [114]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 7,562 [66]. - The largest shareholder, Dalian Xinghaiwan Financial Business Investment Management Co., Ltd., holds 22,104,000 shares, accounting for 24.03% of the total shares [68]. - The second largest shareholder, Liaoning Mike Group Co., Ltd., holds 7,400,000 shares, accounting for 8.04% of the total shares [68]. Future Outlook - The company plans to finance the Zhenjiang Magic Ocean World project using its own funds and other means, following the expiration of its non-public offering approval [52]. - The company plans to continue expanding its market presence and investing in new product development to sustain growth [82]. - Management highlighted a focus on improving operational efficiency to enhance profitability in future periods [82].