Financial Performance - The company's operating revenue for 2020 was CNY 114,219,413, a decrease of 64.2% compared to CNY 319,484,248 in 2019[21]. - The net profit attributable to shareholders for 2020 was CNY -69,980,644, representing a significant decline from CNY 42,327,891 in 2019[21]. - Basic earnings per share for 2020 were CNY -0.5433, a decrease of 265.34% compared to CNY 0.3286 in 2019[22]. - The total assets of the company at the end of 2020 were CNY 2,099,700,770, down 3.90% from CNY 2,184,807,503 at the end of 2019[21]. - The company did not declare any cash dividends or stock bonuses for 2020 due to not achieving profitability[5]. - The weighted average return on equity for 2020 was -13.70%, a decrease of 21.82 percentage points from 8.12% in 2019[22]. - The company reported a net cash flow from operating activities of CNY 13,249,150, a decrease of 85.7% compared to CNY 93,065,350 in 2019[21]. - The company reported a net profit attributable to shareholders for Q4 2020 was -8,611,610.99 RMB, contributing to an annual net loss of -8,338,092.96 RMB[24]. - The company reported a significant decrease in net cash flow from operating activities, down 85.76% to CNY 13,249,150.87[58]. - The company reported a 62.06% decrease in cash received from sales and services, totaling CNY 115,097,110.30[72]. Strategic Initiatives - The company aims to transform its strategy from "heavy asset layout nationwide" to "light asset brand output" to enhance its brand image and achieve high-quality development[32]. - The company plans to innovate its development approach and seize growth opportunities to create an integrated tourism atmosphere in Dalian[32]. - The company plans to upgrade existing venues in Dalian and implement a "smart tourism, digital transformation" initiative in collaboration with major telecom operators, aiming to enhance visitor experience through 5G technology[94]. - The company aims to establish a digital tourism service platform and create new immersive experiences using VR, AR, and MR technologies, enhancing visitor engagement and increasing their stay duration[94]. - The company is focusing on the development of a new luxury marine-themed hotel to address the lack of accommodation options since its establishment 25 years ago[95]. - The company is set to launch the "Saint Asia Night Market," a flagship nighttime tourism project to boost local night economy[95]. - The company is exploring the development of unique fishing village tour experiences by upgrading its luxury cruise ship, catering to high-end customized tourism demands[95]. Market Conditions and Challenges - In 2020, the company achieved operating revenue of CNY 114,219,413.43, a decrease of 64.25% compared to 2019, primarily due to the impact of the COVID-19 pandemic[54]. - The company reduced operating costs by 17.85%, with total operating costs amounting to CNY 101,507,487.73 in 2020[58]. - Revenue from tourism services decreased by 66.37% compared to 2019, while revenue from other services declined by 15.65%[62]. - Revenue from scenic area operations fell by 76.76% compared to 2019, primarily due to pandemic-related closures[62]. - The company is facing risks from natural disasters and public health events, which could impact visitor numbers and operational performance[98]. - The company has established an emergency response mechanism to mitigate losses from uncontrollable factors[99]. Investments and Assets - The company's total assets at the end of the reporting period were CNY 65,481,512.96, a decrease of 47.76% compared to the previous period's CNY 125,336,978.10[36]. - Long-term equity investments surged by 407.33% to CNY 485,132,920.51 from CNY 95,625,283.03, due to the change in accounting treatment for a subsidiary[36]. - The company reported a 43.83% increase in long-term borrowings, reaching CNY 452,537,639.79 compared to CNY 314,633,580.12 in the previous period[37]. - The total amount of guarantees provided to subsidiaries during the reporting period is 15,000,000[149]. Corporate Governance and Compliance - The audit report issued by Zhongxing Caiguanghua CPA firm included a qualified opinion, which the company has detailed in its financial statement notes[4]. - The company has received a qualified opinion from auditors regarding its financial statements for the year ended December 31, 2020[107]. - The company’s financial statements fairly reflect its financial position and operating results for the year 2020, except for the matters leading to the qualified opinion[107]. - The company faced regulatory penalties due to non-cooperation with the China Securities Regulatory Commission, resulting in warning letters issued to directors Yang Ziping and Mao Wai[199]. Shareholder Information - The company plans to increase its shareholding by no less than 3,864,000 shares, which is 3% of the total issued share capital, and up to 12,880,000 shares, which is 10% of the total issued share capital[104]. - The company reported a shareholding reduction plan of 2%-4% through centralized bidding or block trading within the next 12 months[105]. - The company has committed not to reduce its holdings of 24,101,413 shares, representing 18.71% of the total share capital[106]. - The company has not disclosed any significant updates regarding its employee stock ownership plans or other incentive measures[138]. Social Responsibility and Community Engagement - The company has actively participated in social responsibility initiatives, including marine education and autism support programs[152][154]. - The company has established a marine technology volunteer service team and is promoting environmental protection activities[155].

Financial Performance - Operating revenue for the current period was CNY 29,183,111.86, representing a significant increase of 121.04% year-on-year[5]. - Net profit attributable to shareholders of the listed company was a loss of CNY 22,960,682.49, an improvement of 23.57% compared to the previous year's loss[5]. - The net cash flow from operating activities improved to a loss of CNY 5,380,098.89, a 72.81% increase compared to the previous year[5]. - Basic and diluted earnings per share were both CNY -0.1648, showing a 10.82% improvement from the previous year[5]. - The company reported non-recurring gains of CNY 1,736,383.65 for the current period[8]. - The net loss for Q1 2021 was CNY 23,105,540.55, an improvement from a net loss of CNY 24,919,693.85 in Q1 2020, reflecting a reduction of 7.3%[24]. - The gross profit margin for Q1 2021 was approximately -78.9%, compared to -88.5% in Q1 2020, indicating a slight improvement in profitability[22]. - The total comprehensive income for the period was reported at CNY -16,009,127.92, compared to CNY -15,524,405.58 in the previous year[30]. Assets and Liabilities - Total assets at the end of the reporting period reached CNY 2,110,577,803.75, a 0.52% increase compared to the end of the previous year[5]. - Current assets totaled ¥173,382,261.23, down from ¥183,492,722.86, indicating a decrease of about 5.6%[14]. - Total liabilities reached ¥1,532,013,969.73, up from ¥1,498,031,396.26, reflecting an increase of about 2.3%[16]. - Current liabilities totaled ¥745,326,785.03, slightly up from ¥735,851,675.08, indicating an increase of approximately 1.6%[15]. - The company's equity attributable to shareholders decreased to ¥449,258,989.97 from ¥470,483,288.81, a decline of approximately 4.5%[16]. - The total amount of other current liabilities was CNY 450,315,267.27, highlighting potential obligations[37]. - The company reported a long-term borrowing of CNY 452,537,639.79, indicating reliance on debt financing for growth[37]. Shareholder Information - The number of shareholders at the end of the reporting period was 10,136, with the top ten shareholders holding a significant portion of shares[9]. - The largest shareholder, Dalian Xinghaiwan Financial Business District Investment Management Co., Ltd., held 30,945,600 shares, accounting for 24.03% of total shares[9]. Operational Costs and Expenses - Total operating costs for Q1 2021 amounted to CNY 54,020,132.42, up 27.4% from CNY 42,426,416.33 in the same period last year[22]. - Management expenses increased by 32.09% to RMB 14,730,725.95 from RMB 11,151,925.27, attributed to the operational costs of Harbin Shengya Tourism Development Co., Ltd.[11]. - Financial expenses rose by 55.40% to RMB 8,438,529.29 from RMB 5,430,073.50, mainly due to interest expenses incurred by the subsidiary Dabaijing Coast City Tourism Development Co., Ltd.[11]. Cash Flow and Financing Activities - In Q1 2021, the company reported cash inflows from operating activities of CNY 38,788,206.77, a significant increase from CNY 17,617,967.15 in Q1 2020, representing a growth of approximately 120%[30]. - The company generated CNY 163,190,000.00 in cash from financing activities, up from CNY 141,191,429.44 in Q1 2020, indicating a growth of about 15.5%[33]. - The company incurred cash outflows from investing activities totaling CNY 6,714,082.83, a decrease from CNY 49,710,081.68 in Q1 2020, reflecting a reduction of approximately 86.5%[31]. Future Outlook and Strategic Initiatives - The company anticipates potential significant changes in net profit compared to the same period last year, indicating a cautious outlook for future performance[12]. - The company aims to enhance its market presence and explore new product development strategies in the upcoming quarters[22]. - The company is committed to enhancing its operational efficiency and exploring new market opportunities as part of its strategic initiatives moving forward[30].

Financial Performance - Operating revenue for the first nine months was ¥49,575,905.97, a decrease of 82.01% year-on-year[6]. - Net profit attributable to shareholders for the first nine months was -¥81,253,011.94, representing a decline of 221.61% compared to the same period last year[6]. - The net cash flow from operating activities for the first nine months was -¥12,807,205.78, a decrease of 111.65% year-on-year[6]. - Basic earnings per share for the reporting period was -¥0.4963, down 187.52% from ¥0.5671 in the previous year[6]. - The weighted average return on equity decreased by 25.74 percentage points to -12.31%[6]. - Total operating revenue for Q3 2020 was 26,717,090.43, compared to 144,883,402.52 in Q3 2019, representing a significant decline[29]. - Net profit for Q3 2020 was -11,881,203.46, a sharp decrease from a net profit of 64,780,150.53 in Q3 2019, reflecting a negative performance trend[31]. - The total profit for Q3 2020 was -12,059,911.18, compared to a profit of 88,302,390.88 in Q3 2019, highlighting a drastic decline in profitability[30]. - The company reported a significant investment loss of -523.53 in Q3 2020, contrasting with a gain of 6,175,755.49 in Q3 2019, reflecting challenges in investment performance[30]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥2,300,901,976.07, an increase of 5.31% compared to the previous year-end[6]. - The company’s total liabilities decreased by 33.13% to ¥41,228,155.51 due to changes in repayment plans influenced by the pandemic[13]. - Total liabilities increased to CNY 1,502,999,668.06, up from CNY 1,325,500,849.70, representing a growth of approximately 13.4% year-over-year[23]. - Current liabilities totaled CNY 764,590,605.64, compared to CNY 698,878,657.24, reflecting an increase of about 9.4%[23]. - Non-current liabilities rose to CNY 738,409,062.42 from CNY 626,622,192.46, marking an increase of approximately 17.8%[23]. - Owner's equity decreased to CNY 797,902,308.01 from CNY 859,306,653.31, a decline of about 7.1%[24]. - The total current assets decreased to CNY 132,612,992.43 from CNY 166,664,302.80, a decline of approximately 20.4%[25]. Cash Flow - Cash and cash equivalents decreased by 44.54% to ¥69,517,972.33 due to reduced revenue from the COVID-19 pandemic and repayment of debts[13]. - Cash payments for investments decreased by 44.48% to CNY 20,181,853.00, primarily due to reduced equity transfer payments for the Yingkou project[15]. - The company’s cash inflow from operating activities in Q3 2020 was CNY 79,049,448.86, a sharp decline from CNY 293,899,400.53 in Q3 2019, representing a decrease of about 73%[36]. - Cash flow from financing activities showed a net outflow of -28,955,891.78 RMB, an improvement from -48,064,535.70 RMB in Q3 2019[39]. - The company reported a total cash inflow from financing activities of CNY 75,864,972.83 in the first three quarters of 2020, down from CNY 309,090,481.17 in the same period of 2019, a decrease of about 75%[37]. Shareholder Information - The total number of shareholders at the end of the reporting period was 3,387[10]. - The largest shareholder, Dalian Xinghai Bay Jinrong Business District Investment Management Co., Ltd., held 30,945,600 shares, accounting for 24.03% of the total[11]. Other Income and Expenses - The company reported non-operating income of ¥8,545,083.73 for the first nine months[9]. - Other income increased significantly by 1519.71% to ¥11,822,046.32, primarily from provincial cultural industry development subsidies[14]. - Sales expenses dropped by 64.77% to ¥5,598,527.61 due to reduced advertising and lower salaries during the pandemic[14]. - The company received tax refunds amounting to ¥18,697,390.64, a 120720.70% increase, primarily from VAT refunds[14]. - The company reported a decrease in retained earnings to CNY 145,420,718.22 from CNY 209,338,728.26, a decline of approximately 30.6%[24]. Impact of COVID-19 - The company reported a significant decline in revenue due to COVID-19, with a decrease in tax payments by 84.26% to CNY 5,624,789.19 compared to the previous period[15]. - The company anticipates a significant decline in annual operating revenue due to extended closures, with venues in Dalian closed for 128 days and operating at only 20% of normal capacity post-reopening[18]. - The company has implemented measures to enhance service quality and customer experience during the pandemic, focusing on internal improvements[16]. - The company launched initiatives to support frontline medical workers, including lifetime free access for over 800 medical personnel and their families[16].

Financial Performance - The company's operating revenue for the first half of 2020 was CNY 22,858,815.54, a decrease of 82.52% compared to CNY 130,766,263.44 in the same period last year[20]. - The net profit attributable to shareholders for the first half of 2020 was a loss of CNY 53,200,720.26, compared to a profit of CNY 7,593,516.48 in the same period last year, representing a decline of 800.61%[20]. - The net cash flow from operating activities was a negative CNY 27,036,146.97, down 158.90% from CNY 45,900,104.58 in the previous year[20]. - Basic earnings per share for the first half of 2020 were CNY -0.4130, a decrease of 800.00% compared to CNY 0.0590 in the same period last year[21]. - Diluted earnings per share for the first half of 2020 were also CNY -0.4130, reflecting the same decline as basic earnings per share[21]. - The company reported a significant decline in both revenue and profit due to the impact of external factors, which should be monitored closely by investors[7]. - The company reported total revenue of 22.86 million yuan, a decline of 82.52% compared to the previous period[41]. - Operating profit was -51.67 million yuan, representing a decrease of 576%[41]. - The company faced a closure period of 128 days due to government mandates related to the COVID-19 pandemic, significantly impacting operations[41]. Assets and Liabilities - Total assets increased by 1.80% to CNY 2,224,107,698.17 from CNY 2,184,807,503.01 at the end of the previous year[20]. - The net assets attributable to shareholders decreased by 9.65% to CNY 497,940,267.03 from CNY 551,140,987.29 at the end of the previous year[20]. - Long-term borrowings increased to 355.10 million yuan, up 98.52% year-on-year[35]. - The company’s accounts payable rose by 129.28%, reaching 4.80 million yuan, primarily due to increased utility and procurement costs[35]. - Total liabilities reached CNY 1,416,253,720.04, up from CNY 1,325,500,849.70, marking a growth of around 6.8%[101]. Cash Flow - Cash and cash equivalents decreased by 56.74% to 54,219,918.48 yuan, primarily due to reduced income and payments for equity transfers and debt repayments[22]. - The cash flow from financing activities showed a decrease of 30.12% in debt repayments, amounting to 143,538,932.51 yuan[23]. - The company’s cash and cash equivalents decreased from 125,336,978.10 RMB at the end of 2019 to 54,219,918.48 RMB as of June 30, 2020, indicating a liquidity contraction[99]. - Cash flow from operating activities for the first half of 2020 was -¥27,036,146.97, down from ¥45,900,104.58 in the first half of 2019[114]. Operational Changes and Challenges - The company experienced a significant impact from the COVID-19 pandemic, with venues closed for 128 days from late January to late May 2020, leading to a drastic decline in visitor numbers to about 20% of normal levels[60]. - The company faced operational challenges due to management disruptions following the dismissal of senior executives, which has led to severe financing difficulties[61]. - The company is currently under legal scrutiny due to disputes regarding the legitimacy of board meeting procedures, which may further complicate its operational stability[63]. Strategic Initiatives - The company operates in the tourism service industry, focusing on marine culture and theme parks, with a strategic plan called the "Big White Whale Plan" to enhance competitiveness[30]. - The company aims to develop a comprehensive cultural tourism industry chain, integrating marine culture with various business models[30]. - The company plans to enhance its product offerings and expand its audience through innovative projects like "Whale MALL," a cultural and commercial complex[37]. - The company is actively seeking to adjust its strategic direction to mitigate the impact of the pandemic and maintain shareholder interests[61]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 2,882[90]. - The largest shareholder held 30,945,600 shares, accounting for 24.03% of total shares[91]. - Shareholder Yang Ziping intends to increase his holdings by 3% to 10%, which means acquiring no less than 3,864,000 shares, bringing his total to at least 5,991,269 shares, and not exceeding 12,880,000 shares, totaling a maximum of 15,007,269 shares[70]. - The company has not reported any changes in the status of preferred shareholders or any new strategic investors among the top ten shareholders[93]. Regulatory and Compliance - The financial statements were approved by the board of directors on August 27, 2020, ensuring compliance with accounting standards[136]. - The company has evaluated its ability to continue as a going concern for the next 12 months and found no significant doubts[140]. - The company received an administrative regulatory measure from the China Securities Regulatory Commission regarding warnings issued to Yang Ziping and Mao Wei[73]. Accounting Policies - The company applies a bundle transaction accounting treatment for business combinations under common control, measuring acquired assets and liabilities at their book value on the merger date[144]. - The company recognizes expenses related to business combinations, such as audit and legal fees, in the current period's profit and loss[149]. - The company measures financial assets at fair value, with gains or losses and related dividend and interest income recognized in profit or loss[169].

Financial Performance - The company's consolidated net profit attributable to shareholders for 2019 was CNY 41,761,693.49, a decrease of 27.57% compared to CNY 57,656,065.79 in 2018[5]. - Total operating revenue for 2019 was CNY 318,726,590.25, reflecting an 8.32% decline from CNY 347,656,171.06 in the previous year[20]. - The company's cash flow from operating activities for 2019 was CNY 93,065,359.77, down 17.66% from CNY 113,028,721.72 in 2018[20]. - Basic earnings per share for 2019 were CNY 0.3242, a decrease of 27.57% compared to CNY 0.4476 in 2018[22]. - The weighted average return on equity for 2019 was 7.86%, down 4.48 percentage points from 12.34% in 2018[22]. - In 2019, the total operating revenue and net profit attributable to shareholders decreased compared to the previous year, while the net profit after deducting non-recurring gains and losses slightly increased[43]. - The net profit attributable to shareholders was a loss of ¥8,517,026.90 in Q1, turning to a profit of ¥16,110,543.38 in Q2, and reaching ¥65,447,164.51 in Q3, but resulting in a loss of ¥31,278,987.50 in Q4[24]. - The net profit attributable to the parent company was CNY 41.76 million, down 27.57% year-on-year, primarily due to the decline in revenue[62]. Assets and Liabilities - The total assets at the end of 2019 amounted to CNY 2,184,807,503.01, representing a 21.68% increase from CNY 1,795,582,621.14 at the end of 2018[21]. - The company's net assets attributable to shareholders increased by 9.23% to CNY 551,140,987.29 from CNY 504,580,752.58 in 2018[21]. - The company's accounts receivable increased by 175.60% to 8,408,443.91, compared to 3,050,941.53 in the previous period, reflecting enhanced management service fees in operational areas[34]. - Long-term borrowings rose by 147.17% to 314,633,580.12 from 127,292,414.96, driven by increased funding needs for project construction[37]. - The total restricted assets amounted to CNY 500.57 million, including cash, investment properties, fixed assets, and intangible assets used as collateral for loans[84]. Business Strategy and Development - The company has focused on developing marine animal culture as its main business, with a strategic plan called "Big White Whale Plan" to enhance its cultural tourism projects[31]. - The company aims to build a comprehensive cultural industry chain and enhance competitiveness through cross-regional and cross-industry large cultural tourism projects[31]. - The company is actively expanding its market presence by developing new high-quality tourism products to meet the increasing consumer demand[34]. - The company is focusing on enhancing service quality through comprehensive training and innovative service models to meet diverse tourist needs[38]. - The company is committed to advancing its established development strategy, leveraging its expertise in marine breeding technology and cultural tourism management to build a comprehensive marine culture industry chain[120]. Marketing and Customer Engagement - The company launched the "Whale MALL," a comprehensive cultural and commercial complex themed around marine animals, effectively expanding its audience[39]. - The company is focusing on capital operations through various financing methods, including private placements and convertible bonds, to strengthen its market position[101]. - The company is expanding its marketing strategies, including online sales and social media promotions, to capture a larger market share[87]. - A new marketing strategy has been implemented, aiming to increase brand awareness by 25% within the next six months[171]. Corporate Governance and Compliance - The company appointed Da Hua Accounting Firm as the auditor for 2019, with an audit fee of CNY 450,000[131]. - The board of directors and supervisory board operate independently, with no interference from the controlling shareholder, ensuring a complete and autonomous business operation[185]. - The company has implemented a "three separations and two independents" policy to maintain independence in operations, finance, and management from the controlling shareholder[185]. - The internal control evaluation report confirms the effectiveness of the company's internal control system as of December 31, 2019, ensuring compliance and asset security[191]. Social Responsibility and Community Engagement - The company is committed to corporate social responsibility, offering free access to healthcare workers and their families as a gesture of gratitude[104]. - The company has actively engaged in marine public welfare activities, including free ocean tours for families of children with autism, promoting biodiversity awareness[148]. - The company has distributed millions of consumption coupons to local residents to encourage tourism and support the economy during the pandemic[148]. Future Outlook - The company is optimistic about future growth, projecting a revenue increase of 10% to 12% for the upcoming fiscal year[172]. - Future guidance indicates a projected revenue growth of 10% year-over-year for the next fiscal period[170]. - The company plans to gradually repurchase shares from equity investment institutions after project completion, optimizing capital usage[111].

Financial Performance - Operating revenue fell by 74.93% to CNY 11,100,473.40 year-on-year[5] - Net profit attributable to shareholders decreased by 246.14% to CNY -30,195,963.94[5] - Basic and diluted earnings per share were both CNY -0.1860, a decrease of 181.39% compared to the previous year[5] - The company reported a significant increase in losses compared to the same period last year, indicating challenges in the current market environment[5] - Total operating revenue for Q1 2020 was CNY 11,100,473.40, a decrease of 74.9% compared to CNY 44,272,777.13 in Q1 2019[26] - Net loss for Q1 2020 was CNY 25,073,961.61, compared to a net loss of CNY 10,073,393.18 in Q1 2019, representing a 148.1% increase in losses[28] - Operating profit for Q1 2020 was CNY -24,987,613.99, worsening from CNY -8,907,499.06 in Q1 2019[26] - The total comprehensive income for the period was -¥15,544,375.85, compared to -¥7,995,705.81 in the previous year[36] Assets and Liabilities - Total assets decreased by 3.57% to CNY 2,106,815,277.05 compared to the end of the previous year[5] - The company’s total liabilities decreased to CNY 575,630,511.25 in Q1 2020 from CNY 600,482,014.30 in Q1 2019, a reduction of 4.1%[24] - Total liabilities increased by 47.19% to ¥4,781,113.73, mainly due to outstanding utility and procurement payments[13] - Total current liabilities were ¥626,345,460.94, down from ¥698,878,657.24, showing a reduction of approximately 10.35%[20] - Total liabilities amounted to ¥1,272,582,585.35, a decrease from ¥1,325,500,849.70, indicating a decline of about 3.99%[20] - Shareholders' equity decreased to ¥834,232,691.70 from ¥859,306,653.31, reflecting a decline of approximately 2.92%[20] Cash Flow - Cash flow from operating activities showed a significant decline of 524.84%, resulting in CNY -19,789,794.49[5] - In Q1 2020, the company reported cash inflows from operating activities of ¥17,617,967.15, a decrease of 68.2% compared to ¥55,429,212.01 in Q1 2019[32] - The net cash flow from operating activities was -¥19,789,794.49, worsening from -¥3,167,166.11 in the same period last year[35] - The company recorded cash outflows from investing activities totaling ¥49,710,081.68, down from ¥62,659,965.65 in Q1 2019, resulting in a net cash flow of -¥43,766,085.68 from investing activities[35] - Cash inflows from financing activities were ¥141,191,429.44, compared to ¥219,139,589.42 in Q1 2019, leading to a net cash flow of -¥4,462,566.36 from financing activities[35] Shareholder Information - The total number of shareholders reached 3,364 at the end of the reporting period[9] - The largest shareholder, Dalian Xinghaiwan Financial Business District Investment Management Co., Ltd., holds 24.03% of shares, with 30,945,600 shares pledged[9] Operational Challenges and Strategies - The company has not disclosed any new product developments or market expansion strategies in this report[5] - The company anticipates a significant change in net profit compared to the same period last year due to the ongoing impact of the pandemic[16] - The company plans to focus on new product development and market expansion strategies in the upcoming quarters[26] - The company plans to continue focusing on cost management and operational efficiency in response to the financial challenges faced during the quarter[36] - The company is exploring new investment opportunities to enhance its market position and recover from the current financial downturn[36] Social Responsibility - The company has launched initiatives to provide free access to frontline medical workers and their families as a gesture of gratitude for their efforts during the pandemic[15] - The company is committed to fulfilling its corporate social responsibility by supporting healthcare workers during the COVID-19 crisis[15] Other Financial Metrics - Non-recurring gains and losses totaled CNY 6,242,469.79, primarily from government subsidies and asset disposals[9] - Other income increased significantly by 1256.16% to ¥3,067,818.98, mainly due to receiving provincial cultural industry development subsidies[13] - The company reported a 48.48% decrease in selling expenses to ¥2,251,807.80, as advertising was not conducted during the operational suspension[13] - The company has implemented measures to prepare for reopening and enhance service quality during the pandemic[14]

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].

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 period reached CNY 44,272,777.13, representing a growth of 5.94% year-on-year[6] - Net profit attributable to shareholders was CNY -8,723,726.96, an improvement of 14.99% compared to the same period last year[6] - Basic and diluted earnings per share were both CNY -0.0661, reflecting a 4.06% improvement from the previous year[6] - Total operating revenue for Q1 2019 was ¥44,272,777.13, an increase of 5.9% compared to ¥41,790,590.23 in Q1 2018[24] - Net loss for Q1 2019 was ¥10,073,393.18, compared to a net loss of ¥9,855,230.05 in Q1 2018, indicating a deterioration in performance[25] - The company reported a gross profit margin of approximately -20.5% for Q1 2019, compared to -24.2% in Q1 2018[24] Cash Flow - Cash flow from operating activities showed a significant increase, with a net cash flow of CNY -3,167,166.11, improving by 90.94% year-on-year[6] - In Q1 2019, the company reported cash inflow from operating activities of ¥55,429,212.01, an increase of 12.4% compared to ¥49,150,091.97 in Q1 2018[32] - The net cash flow from operating activities was -¥3,167,166.11, an improvement from -¥34,940,368.28 in the same period last year[32] - The company experienced a significant decrease in cash outflow for operating activities, totaling ¥58,596,378.12, down 30.5% from ¥84,090,460.25 in Q1 2018[32] - The company reported a total cash inflow from operating activities of ¥59,315,230.48, which is a 101.5% increase compared to ¥29,462,202.92 in Q1 2018[36] - The cash outflow for operating activities decreased to ¥48,493,602.15, down 16.2% from ¥57,885,460.63 in the previous year[36] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,797,159,466.42, a slight increase of 0.09% compared to the previous year[6] - The company’s net assets attributable to shareholders decreased by 0.92% to CNY 499,918,299.86 compared to the end of the previous year[6] - Current liabilities decreased to CNY 750,076,182.22 from CNY 791,189,361.18, reflecting a reduction of approximately 5.2%[17] - Non-current liabilities increased to CNY 229,160,173.49 from CNY 214,462,756.14, representing an increase of about 6.8%[17] - Total liabilities decreased to CNY 979,236,355.71 from CNY 1,005,652,117.32, a reduction of approximately 2.6%[17] - Total equity rose to CNY 817,923,110.71 from CNY 789,930,503.82, indicating an increase of approximately 3.5%[18] Shareholder Information - The total number of shareholders at the end of the reporting period was 4,118[8] - The largest shareholder, Dalian Xinghaiwan Financial Business Investment Management Co., Ltd., held 30,945,600 shares, accounting for 24.03% of the total shares[8] - The company has not identified any related party relationships among shareholders holding more than 5% of shares[10] Inventory and Prepayments - Inventory increased by 45.48% to CNY 2,855,036.06 due to the procurement of biological bait during the reporting period[11] - Prepayments rose by 66.50% to CNY 22,280,231.75, primarily due to an increase in advance ticket sales[12] Financial Expenses and Other Income - Financial expenses increased by 72.24% to CNY 6,202,724.75, resulting from a rise in average loan scale during the reporting period[12] - Other income grew by 79.23% to CNY 226,214.03, mainly due to a subsidy received from Dalian City[12] Long-term Investments and Retained Earnings - The company’s long-term investments in equity increased slightly to CNY 49,373,250.62 from CNY 49,054,754.89, reflecting a growth of about 0.6%[18] - The company’s retained earnings decreased to CNY 161,827,203.72 from CNY 170,344,230.62, indicating a decline of about 5.5%[18]