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].

Financial Performance - Operating revenue increased by 8.09% to CNY 44,461,489.61 compared to the same period last year[5] - Net profit attributable to shareholders was a loss of CNY 10,706,188.06, worsening from a loss of CNY 8,992,824.05 in the previous year[5] - Basic and diluted earnings per share were both -CNY 0.1033, slightly improving from -CNY 0.1048 in the previous year[5] - The net profit for Q1 2017 was a loss of CNY 11,102,946.37, slightly worse than the loss of CNY 11,008,211.34 in Q1 2016[25] - The operating profit for Q1 2017 was a loss of CNY 11,480,833.36, compared to a loss of CNY 10,241,081.05 in the previous year[25] - The total operating loss for Q1 2017 was ¥7,814,380.07, an improvement from a loss of ¥12,268,945.17 in the same period last year, indicating a reduction of approximately 36.5%[29] - The total profit (loss) for Q1 2017 was reported at ¥-6,900,561.26, compared to ¥-12,905,205.45 in Q1 2016, reflecting a year-over-year improvement of about 46.6%[29] Assets and Liabilities - Total assets decreased by 4.79% to CNY 971,477,769.67 compared to the end of the previous year[5] - Total assets decreased from CNY 1,020,392,402.41 at the beginning of the year to CNY 971,477,769.67, a decline of approximately 4.8%[17] - Current liabilities decreased from CNY 295,200,656.98 to CNY 257,272,169.50, a reduction of about 12.8%[18] - Total liabilities for Q1 2017 were CNY 346,635,473.06, down from CNY 377,726,851.28 in the previous year[22] - The total equity attributable to shareholders decreased from CNY 401,467,710.35 to CNY 391,960,529.07, reflecting a decline of approximately 2.5%[18] Cash Flow - Cash flow from operating activities showed a net outflow of CNY 12,000,386.56, compared to a net outflow of CNY 10,432,633.84 in the same period last year[5] - Cash inflow from operating activities totaled ¥49,738,359.51, up from ¥41,469,826.91 in the previous year, representing an increase of approximately 19.5%[32] - The net cash flow from operating activities was ¥-12,000,386.56, worsening from ¥-10,432,633.84 in Q1 2016[32] - Cash outflow from investing activities was ¥14,085,647.28, compared to ¥6,910,008.41 in the previous year, indicating a significant increase of approximately 103.4%[32] - The net cash flow from financing activities was ¥-13,562,729.82, compared to ¥-7,945,852.80 in Q1 2016, showing a deterioration of about 70.5%[33] - The ending cash and cash equivalents balance was ¥359,579,705.49, down from ¥396,738,969.08 at the beginning of the period, reflecting a decrease of approximately 9.3%[33] Shareholder Information - The number of shareholders reached 8,395 at the end of the reporting period[9] - The largest shareholder, Dalian Xinghaiwan Financial Business District Investment Management Co., Ltd., holds 24.03% of the shares[9] Other Financial Metrics - Other income from non-operating activities totaled CNY 1,199,006.78, primarily from non-current asset disposal gains and government subsidies[6] - Other receivables decreased by 35.00% to CNY 23,155,140.05 due to the return of certain funds related to the termination of an operating agreement[12] - Employee compensation payable dropped significantly by 66.19%, from CNY 13,349,735.52 to CNY 4,513,575.87, primarily due to performance bonuses from the previous year being paid out[17] - Management expenses increased by 31.55%, rising from CNY 11,623,282.52 to CNY 15,290,636.23, mainly due to the addition of new subsidiaries[17] - Financial expenses surged by 66.82%, increasing from CNY 2,116,616.89 to CNY 3,530,975.70, attributed to an increase in loan scale[17] - Other current assets decreased by 44.03%, from CNY 4,358,492.23 to CNY 2,439,534.40, due to the recognition of costs and expenses[17] - Cash and cash equivalents decreased from CNY 398,239,569.08 to CNY 361,079,705.49, a decline of about 9.3%[16] - The net cash outflow for fixed asset construction increased by 99.50%, from CNY 6,910,008.41 to CNY 13,785,647.28, indicating higher investment in ongoing projects[17] - The company reported a significant increase in income tax expenses, which rose by 942.52% from CNY 81,533.06 to CNY 850,000.00, primarily due to increased tax liabilities from subsidiaries[17] Product Development and Strategy - The company has not disclosed any new product developments or market expansion strategies in this report[11]

Financial Performance - The company's consolidated net profit attributable to shareholders for 2016 was CNY 33,548,554.66, a decrease of 21.96% compared to CNY 42,987,222.60 in 2015[3]. - The total operating revenue for 2016 was CNY 317,116,319.98, representing a year-on-year increase of 3.88% from CNY 305,280,235.34 in 2015[18]. - The net cash flow from operating activities decreased by 24.74% to CNY 88,337,017.79 in 2016, down from CNY 117,368,387.18 in 2015[18]. - The basic earnings per share for 2016 was CNY 0.3647, down 21.96% from CNY 0.4673 in 2015[20]. - The net profit attributable to shareholders for Q3 was 66,764,727.16 RMB, contrasting with losses of -9,641,285.54 RMB in Q1 and -35,689,119.42 RMB in Q4[22]. - The company achieved a net profit of RMB 33,548,554.66 for the year 2016, with a distributable profit of RMB 53,981,018.19[92]. - The company reported a non-recurring loss of 931.04 million RMB, with a net profit of 4,285.90 million RMB after deducting non-recurring items, an increase of 774.58 million RMB year-on-year[50]. Assets and Liabilities - The company's total assets increased by 58.84% to CNY 1,020,392,402.41 at the end of 2016, compared to CNY 642,382,565.45 at the end of 2015[18]. - The company's total liabilities increased by 30.51% to 104,411,735.33, reflecting higher project investment funding requirements[71]. - The total assets at the end of the current period amount to CNY 398,239,569.08, representing 39.03% of total assets, a 234.01% increase from the previous period[68]. - The company's total liabilities reached RMB 416,477,469.23, up from RMB 232,663,790.41, marking an increase of around 79%[184]. Cash Flow - The company's cash flow from financing activities decreased by 58.33% to CNY 1,500,000, mainly due to lower guarantee deposits received[66]. - The company's cash flow from the disposal of fixed assets increased by 847.62% to CNY 23,085,758.40, attributed to the sale of biological assets[65]. - The company's cash flow from investment activities was negative at CNY -114,079,767.70, worsening from CNY -24,683,031.30 in the previous year[197]. - Net cash flow from financing activities was CNY 102,252,685.43, a turnaround from a negative CNY 82,951,584.74 in the previous period[200]. Investments and Projects - The company has been focusing on expanding its cultural tourism projects, with significant investments in regions like the Yangtze River Delta and popular tourist destinations such as Xiamen and Sanya[27]. - The company is in the process of developing several new projects, including the Wuhu Xinhua Union Big Whale World Ocean Park and the Huai'an Long Palace Big Whale Water World, with significant progress reported[46][47]. - The company is actively pursuing market expansion and resource reserve projects in cities like Ningbo, Xi'an, and Dalian, focusing on commercial complexes and cultural education projects[48]. - The company is advancing the construction of the Wuhu Xinhua Union Big Whale Ocean Park, which opened in September 2016, and the Huai'an Longgong Big Whale Water World, expected to open in 2017[45]. Competition and Market Position - The company is facing intense competition in the tourism sector, particularly from major theme parks like Shanghai Disneyland, which has led to increased market pressure[28]. - The company has implemented the "Big White Whale Plan" to enhance its competitive edge and improve operational management[28]. - The company aims to deepen the "Big White Whale Plan" and expand its industry chain, leveraging its competitive advantages in a competitive market[83]. Human Resources and Management - The company has implemented a strategic human resources development plan to attract and retain talent, enhancing its workforce capabilities[43]. - The company has established a performance-based salary mechanism linked to job responsibilities, promoting a "positive incentive" wage system[136]. - The total number of employees in the parent company is 454, while the main subsidiaries have 163 employees, resulting in a total of 617 employees[135]. Governance and Compliance - The company adheres to strict governance practices in compliance with relevant laws and regulations, ensuring independent operations and clear responsibilities among shareholders, board members, and management[144]. - The board of directors has established four specialized committees to enhance decision-making processes and ensure healthy company development[145]. - The company has maintained a consistent management structure with no changes in shareholding among key executives[126]. Future Outlook - The company plans to continue its strategic development in 2017, focusing on project layout and talent acquisition to explore broader growth opportunities[84]. - The company plans to maintain its operating revenue at the same level as the previous year, focusing on enhancing marketing strategies and service quality[87]. - The company is committed to enhancing its information technology infrastructure to improve operational efficiency and management capabilities[90].

Financial Performance - Operating revenue decreased by 2.30% to CNY 268,669,845.37 for the first nine months compared to the same period last year[7] - Net profit attributable to shareholders increased by 1.60% to CNY 71,670,459.67 for the first nine months[7] - Basic earnings per share decreased by 7.93% to CNY 0.7526[8] - Total revenue for Q3 2016 was CNY 153,282,707.79, a decrease of 2.1% compared to CNY 157,933,998.84 in Q3 2015[23] - Year-to-date revenue for 2016 reached CNY 268,669,845.37, down from CNY 274,992,414.83 in the same period last year, reflecting a decline of 2.5%[23] - Net profit for Q3 2016 was 67,026,593.68, compared to 67,527,152.48 in Q3 2015, indicating a slight decrease of about 0.7%[25] - The total profit for Q3 2016 was 85,212,831.28, down from 89,349,293.02 in Q3 2015, a decrease of approximately 4.3%[24] - The total comprehensive income for Q3 2016 was 67,026,593.68, compared to 67,527,152.48 in Q3 2015, reflecting a decrease of about 0.7%[26] - Net profit for Q3 2016 was CNY 55,058,712.79, a decrease of 11.0% compared to CNY 61,963,699.91 in Q3 2015[27] Assets and Liabilities - Total assets increased by 51.33% to CNY 972,117,757.18 compared to the end of the previous year[7] - Total liabilities increased to CNY 332,925,125.99 from CNY 232,663,790.41, representing a growth of 43.1%[18] - Current liabilities totaled CNY 266,772,010.30, up from CNY 138,286,674.72, indicating a rise of 93.0%[18] - Non-current liabilities decreased to CNY 66,153,115.69 from CNY 94,377,115.69, a decline of 29.9%[18] - Total liabilities decreased by 31.02% in accounts payable to ¥1,644,749.94 as subsidiaries paid off previous obligations[13] Cash Flow - Cash flow from operating activities decreased by 14.52% to CNY 123,457,329.48 for the first nine months[7] - Operating cash flow for the first nine months of 2016 was CNY 123,457,329.48, down 14.5% from CNY 144,423,001.98 in the same period last year[29] - Cash received from other operating activities was CNY 6,803,510.25, down from CNY 8,831,925.23 in the previous year[29] - Investment activities resulted in a net cash outflow of CNY 104,696,169.33 for the first nine months of 2016, compared to a net outflow of CNY 21,045,729.17 in the same period last year[30] - Financing activities generated a net cash inflow of CNY 235,163,259.56 in the first nine months of 2016, compared to a net outflow of CNY 59,709,964.12 in the same period last year[30] Shareholder Information - The total number of shareholders at the end of the reporting period was 5,567[11] - The largest shareholder, Dalian Xinghaiwan Jinrong Business District Investment Management Co., Ltd., holds 24.03% of shares[11] - The second largest shareholder, Liaoning Mike Group Co., Ltd., holds 8.04% of shares[11] Investments and Expenses - Investment income fell by 50.07% to ¥500,000.00 due to lower dividend distributions from associated companies[14] - Financial expenses decreased by 30.84% to ¥7,006,194.80 as a result of reduced average loan scale and lower bank interest rates[14] - The company's management expenses increased to 21,261,955.86 in Q3 2016 from 16,749,785.68 in Q3 2015, marking an increase of about 27.0%[24] - Cash paid for employee compensation increased to $39.21 million from $32.88 million year-over-year[33] - Cash paid for taxes rose to $16.82 million, compared to $13.56 million in the same quarter last year[33] Other Financial Metrics - Cash and cash equivalents increased by 212.97% to ¥373,154,053.27 due to new short-term loans and increased investments from shareholders[13] - Cash and cash equivalents at the end of Q3 2016 totaled CNY 373,154,053.27, an increase of 104.9% from CNY 182,538,686.60 at the end of Q3 2015[30] - The company reported a total equity of CNY 639,192,631.19, up from CNY 409,718,775.04, reflecting a rise of 56.0%[18] - The company’s inventory decreased to CNY 899,351.03 from CNY 1,203,212.60, a decline of 25.3%[20] - The company’s long-term investments increased to CNY 163,415,129.79 from CNY 106,415,129.79, representing a growth of 53.5%[20]

Financial Performance - The company's operating revenue for the first half of 2016 was CNY 115,387,137.58, a decrease of 1.43% compared to CNY 117,058,415.99 in the same period last year[16]. - The net profit attributable to shareholders for the first half of 2016 was CNY 2,472,946.92, representing a significant decline of 70.81% from CNY 8,470,832.37 in the previous year[16]. - The net cash flow from operating activities decreased by 52.32% to CNY 19,809,746.82, down from CNY 41,550,224.83 in the same period last year[16]. - Basic earnings per share for the first half of 2016 were CNY 0.0269, down 70.79% from CNY 0.0921 in the same period last year[17]. - The weighted average return on equity decreased to 0.65%, down 1.74 percentage points from 2.39% in the previous year[18]. - The company reported a significant increase in prepayments, which rose by 1031.20% to CNY 35,573,711.22, attributed to advance payments for animal introduction and land transfer fees[18]. - Short-term borrowings increased by 160.00% to CNY 130,000,000.00, reflecting an increase in loan scale during the reporting period[18]. - The company declared a dividend of CNY 9,271,700.63, a 499.99% increase compared to CNY 1,545,320.63 in the previous year[18]. Assets and Liabilities - The total assets at the end of the reporting period increased by 8.63% to CNY 697,850,645.27, compared to CNY 642,382,565.45 at the end of the previous year[16]. - The company's net assets attributable to shareholders decreased by 4.12% to CNY 370,392,102.61 from CNY 386,319,155.69 at the end of the previous year[16]. - Current liabilities rose to ¥215,301,592.07, compared to ¥138,286,674.72, reflecting a growth of about 55.8%[68]. - Total liabilities increased to ¥305,684,607.76 from ¥232,663,790.41, which is an increase of around 31.3%[65]. - The company's equity decreased to ¥392,166,037.51 from ¥409,718,775.04, representing a decline of approximately 4.3%[65]. Cash Flow - The cash flow from operating activities was ¥122,397,376.49, slightly down from ¥124,742,537.62, a decrease of about 1.89% year-over-year[77]. - The net cash flow from operating activities for the first half of 2016 was ¥19,809,746.82, a decrease of 52.3% compared to ¥41,550,224.83 in the same period last year[78]. - Total cash inflow from operating activities amounted to ¥128,184,916.44, while cash outflow was ¥108,375,169.62, resulting in a net cash inflow of ¥19,809,746.82[78]. - Cash flow from investing activities showed a net outflow of ¥42,283,940.06, compared to a net outflow of ¥16,339,062.41 in the previous year[78]. - The net cash flow from financing activities was ¥59,053,000.08, a turnaround from a net outflow of ¥37,537,230.86 in the previous year[79]. Investments and Subsidiaries - The company invested RMB 100 million to establish a wholly-owned subsidiary, Saint Asia Investment Co., Ltd., with a 100% ownership stake[35]. - The company holds a 10% stake in Dalian Lushun Mengyin Village Bank, with an initial investment of RMB 10 million, maintaining a book value of RMB 10 million and reporting a gain of RMB 5,713,000 during the reporting period[36]. - The company also holds a 10% stake in Dalian Zhongshan Xinde Microfinance Co., Ltd., with an initial investment of RMB 5 million, maintaining a book value of RMB 5 million and reporting a gain of RMB 3,675,000 during the reporting period[37]. - Total financial enterprise equity investments amount to RMB 15 million, with a total reported gain of RMB 9,388,000 during the reporting period[36]. - The company’s subsidiary, Harbin Saint Asia Polar Aquarium, has total assets of RMB 142.98 million and net assets of RMB 134.02 million, generating revenue of RMB 34.30 million and a net profit of RMB 6.12 million[40]. Governance and Shareholder Information - The company held its sixth board meeting on July 18, 2016, to discuss the exemption of the controlling shareholder from fulfilling commitment matters, with 100% approval from the voting shares present at the meeting[47]. - The controlling shareholder, Dalian Xinghai Bay Financial Business District Investment Management Co., Ltd., holds 22,104,000 shares, representing 24.03% of the total shares[55]. - The total number of shareholders at the end of the reporting period was 9,278[53]. - The company has not implemented any profit distribution or capital reserve transfer plans during the reporting period[42]. - There were no changes in the total number of shares or the share structure during the reporting period[52]. Strategic Focus and Future Plans - The company is actively seeking new capital operation models and methods to ensure stable operations[26]. - The company is focusing on enhancing its core competitiveness through quality service, brand influence, and continuous product upgrades[33]. - The company is progressing with new project developments and exploring opportunities for market expansion[26]. - The company plans to actively explore other capital operation methods to promote the rapid implementation of its development strategy[46]. - The company is focusing on high-quality projects, including the renovation of Xinghai Park and the development of tourism areas[46]. Accounting Policies and Compliance - The company confirms that its financial statements comply with the accounting standards and accurately reflect its financial position and operating results[102]. - The company has evaluated its ability to continue as a going concern for the next 12 months and found no significant doubts regarding its sustainability[101]. - The accounting period for the company runs from January 1 to December 31 each year[103]. - The company's accounting currency is Renminbi (RMB)[104]. - The company follows specific accounting treatments for mergers and acquisitions, distinguishing between same-control and non-same-control mergers[108].