Financial Performance - The company's operating revenue for the first half of 2017 was ¥76,256,523.11, representing a 17.96% increase compared to ¥64,648,143.36 in the same period last year[16]. - The net profit attributable to shareholders for the first half of 2017 was -¥37,814,916.29, a significant decline from -¥4,364,979.07 in the previous year[16]. - The net cash flow from operating activities was -¥25,590,552.55, a drastic decrease of 498.29% compared to ¥6,425,160.09 in the same period last year[16]. - The total assets at the end of the reporting period were ¥1,035,706,504.80, down 7.11% from ¥1,115,024,891.41 at the end of the previous year[17]. - The net assets attributable to shareholders decreased by 4.08% to ¥864,447,969.12 from ¥901,191,537.83 at the end of the previous year[17]. - The basic earnings per share for the first half of 2017 was -¥0.14, compared to -¥0.02 in the same period last year[18]. - The weighted average return on net assets was -4.28%, a decline from -0.52% in the previous year[18]. - The company reported a total profit of -¥3,790.84 million, which is a 0.80% increase in loss compared to the budgeted loss of -¥3,760.91 million[24]. - The company reported a total comprehensive loss of ¥37,814,916.29, compared to a loss of ¥4,364,979.07 in the previous period[80]. Operational Highlights - The company's main business is in the tourism service industry, including tourism transportation, hotel management, travel agency, and hot spring water development[22]. - The hotel operations commenced in December 2016, contributing to increased revenue in the current period[27]. - The company has established two new subsidiaries to optimize its industrial structure and enhance risk resistance[24]. - Seasonal fluctuations significantly impact the company's revenue, with over 60% of annual income generated during the peak third quarter[37]. - The company is exposed to macroeconomic risks that could affect tourism demand and overall revenue growth[35]. Cash Flow and Liquidity - The cash and cash equivalents decreased by 32.77% to ¥142,158,831.50, primarily due to significant project payments[30]. - The total cash and cash equivalents at the end of the period decreased to 81,121,313.24 RMB from 245,070,340.06 RMB at the beginning of the year, reflecting a net decrease of 60,357,062.90 RMB[88]. - The company reported a significant increase in employee compensation payments, totaling 57,333,562.32 RMB, up from 40,122,505.28 RMB in the previous year[87]. - The company experienced a decrease in cash flow from operating activities, with cash outflows increasing to 89,871,950.32 RMB from 65,038,662.57 RMB year-on-year[87]. Shareholder and Corporate Governance - The company has not proposed any profit distribution or capital reserve transfer plan during the reporting period[2]. - The company confirmed that the registered capital of the construction group was fully in place as of August 7, 2006, and no major violations were found[44]. - The company plans to maintain a long-term holding of its shares, with a commitment to not reduce holdings below the issue price for two years after the lock-up period[45]. - The company will vote in favor of any proposals regarding share buybacks at shareholder meetings[45]. - The company has committed to fulfilling obligations related to the stabilization of its stock price as per the relevant regulations[49]. Risks and Commitments - The company faces risks related to the expiration of operating licenses, which could lead to increased costs or loss of business rights[35]. - The company has a risk of declining return on equity due to the increase in net asset scale from fundraising activities[38]. - The company has committed to not engage in similar business activities as its subsidiaries since the signing of the commitment[43]. - The company has promised to avoid and minimize related party transactions with its subsidiaries[43]. Accounting and Financial Reporting - The company’s financial statements comply with the requirements of enterprise accounting standards, ensuring accurate reflection of its financial status[104]. - The company has not reported any major accounting errors that require retrospective restatement during the reporting period[56]. - The company recognizes impairment losses for financial assets if there is objective evidence indicating impairment, and the impairment is measured based on the present value of future cash flows[111]. - The company applies an aging analysis method for bad debt provision, with specific percentages for different aging categories, such as 3% for receivables within 1 year and 100% for receivables over 5 years[114]. Asset Management - The total balance of fixed assets at the end of the period was ¥8,281,281.81, down from ¥8,403,786.03, indicating a decrease of approximately 1.5%[163]. - The total amount of fixed assets disposed of or scrapped during the current period was CNY 6,835,444.00[166]. - The company’s total depreciation expense for the current period was CNY 22,726,645.00, indicating ongoing asset utilization[167]. - The total amount of construction in progress at the end of the period was CNY 20,054,559.24, up from CNY 17,782,623.88 at the beginning[171].

2017 年第一季度报告 公司代码：603099 公司简称：长白山 长白山旅游股份有限公司 2017 年第一季度报告 1 / 18 2017 年第一季度报告 一、 重要提示 二、 公司基本情况 2.1 主要财务数据 单位：元 币种：人民币 | | 本报告期末 | 上年度末 | 本报告期末比上年度末增 | | --- | --- | --- | --- | | | | | 减(%) | | 总资产 | 1,040,263,091.45 | 1,115,024,891.41 | -6.70% | | 归属于上市公司 | 873,841,119.83 | 901,191,537.83 | -3.03% | | 股东的净资产 | | | | | | 年初至报告期末 | 上年初至上年报告期末 | 比上年同期增减(%) | | 经营活动产生的 | -41,125,396.38 | -6,722,554.33 | 不适用 | | 现金流量净额 | | | | | | 年初至报告期末 | 上年初至上年报告期末 | 比上年同期增减（%） | | 营业收入 | 25,794,557.26 | 21,057,643.16 | 22 ...

Financial Performance - The company achieved a net profit attributable to shareholders of RMB 71,112,221.50 in 2016, a decrease of 29.28% compared to RMB 100,555,891.58 in 2015[3]. - Total operating revenue for 2016 was RMB 306,887,768.22, down 3.65% from RMB 318,529,754.87 in 2015[17]. - Basic earnings per share decreased by 28.95% to CNY 0.27 in 2016 compared to CNY 0.38 in 2015[18]. - Diluted earnings per share also fell by 28.95% to CNY 0.27 in 2016 from CNY 0.38 in 2015[18]. - The weighted average return on equity dropped to 8.15% in 2016, down from 12.32% in 2015, a decrease of 4.17 percentage points[18]. - The company reported a total profit of CNY 104,826,770.87, down from CNY 136,856,840.28 in the previous year[140]. - The company reported a net loss of 12.37 million yuan for its subsidiary, Tianchi Hotel, due to high initial costs and no revenue during the trial operation period[48]. Cash Flow and Investments - The net cash flow from operating activities increased by 17.75% to RMB 129,489,950.31 in 2016, compared to RMB 109,974,574.27 in 2015[17]. - Cash and cash equivalents at the end of the year were CNY 211.46 million, a decrease of 50.60% from the previous year[42]. - The company invested CNY 315.17 million in investment activities, which is a significant increase of 158.84% compared to the previous year[36]. - Cash outflow from investing activities reached CNY 317,189,606.92, significantly higher than CNY 123,579,739.99 in the previous year[148]. - The net increase in cash and cash equivalents was -CNY 216,342,346.30, compared to -CNY 35,784,638.72 in the previous year, indicating a challenging cash flow environment[148]. Assets and Liabilities - The company's total assets rose by 23.15% to RMB 1,115,024,891.41 at the end of 2016, up from RMB 905,419,828.26 at the end of 2015[17]. - Total liabilities increased to CNY 213,833,353.58 from CNY 45,531,349.77, reflecting a growth of about 369.5%[135]. - Owner's equity totaled CNY 901,191,537.83, up from CNY 859,888,478.49, showing an increase of approximately 4.8%[135]. - Current assets decreased to CNY 252,672,186.36 from CNY 457,844,959.82, a decline of about 44.8%[133]. - Non-current assets rose to CNY 862,352,705.05 from CNY 447,574,868.44, indicating an increase of approximately 92.7%[134]. Business Operations and Strategy - The company operates in the tourism service industry, focusing on unique offerings such as exclusive transportation rights in Changbai Mountain area[24]. - The company plans to enhance its hot spring resort project, with the first phase already operational and the second phase under construction[24]. - The company aims to position its hot spring resort as a top-tier destination in China, leveraging its unique geothermal resources[24]. - The company is focusing on transforming its business model from sightseeing tourism to leisure vacation tourism, aiming to create a unique tourism brand[30]. - The company is actively seeking potential projects related to the Changbai Mountain and snow tourism industry chain, leveraging its brand and management advantages for long-term development[55]. Risk Management and Compliance - The company has detailed potential risks in the "Management Discussion and Analysis" section of the annual report[4]. - The company continues to focus on its development strategy and future plans, emphasizing the importance of investor awareness regarding investment risks[4]. - The company faces risks related to the expiration of its operating permits, which could lead to increased costs or loss of business if not renewed[56]. - The tourism industry is sensitive to macroeconomic conditions, and a slowdown in economic growth could negatively impact consumer spending on travel, affecting the company's revenue[56]. - The company has ensured compliance with the Company Law and its articles of association in exercising shareholder rights and regulating related party transactions[64]. Shareholder and Governance - The company plans to distribute a cash dividend of RMB 0.8 per 10 shares, totaling RMB 21,333,600.00, which represents 30.00% of the net profit attributable to shareholders[3]. - The company will hold a shareholders' meeting to vote on the repurchase of shares to stabilize the stock price[66]. - The company has not reported any significant litigation or arbitration cases pending, nor has it faced any criminal penalties from judicial or government authorities[66]. - The company emphasizes employee welfare, providing various social security benefits and conducting training programs[82]. - The company held 4 shareholder meetings and 10 board meetings during the reporting period, ensuring compliance with governance standards[113]. Internal Control and Audit - The company has established a comprehensive internal control system to safeguard investor rights and improve information disclosure quality[81]. - The internal control audit report confirmed that the company maintained effective financial reporting internal controls as of December 31, 2016[122]. - The company’s financial statements were audited and found to be in accordance with accounting standards, reflecting its financial position accurately[131]. - The company will implement stock buyback measures if the stock price falls below the net asset value for 20 consecutive trading days[69]. - The company has made adjustments to its management team, including the election of a new chairman and the appointment of several key positions[106].

2016 年第三季度报告 公司代码：603099 公司简称：长白山 长白山旅游股份有限公司 2016 年第三季度报告 1 / 27 | 目录 | | --- | | 一、 | 重要提示 | 3 | | --- | --- | --- | | 二、 | 公司主要财务数据和股东变化 | 3 | | 三、 | 重要事项 | 7 | | 四、 | 附录 | 15 | 2016 年第三季度报告 一、 重要提示 1.1 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和连带的法律责任。 1.2 公司全体董事出席董事会审议季度报告。 1.3 公司负责人王昆、主管会计工作负责人王娟及会计机构负责人（会计主管人员）石春庆保证 季度报告中财务报表的真实、准确、完整。 1.4 本公司第三季度报告未经审计。 二、 公司主要财务数据和股东变化 2.1 主要财务数据 3 / 27 单位：元 币种：人民币 本报告期末 上年度末 本报告期末比上年度末增 减(%) 总资产 1,048,410,219.79 905,419,828.26 15.79% 归属于上市 ...

Financial Performance - The company's operating revenue for the first half of 2016 was ¥64,648,143.36, representing a 1.74% increase compared to ¥63,540,317.24 in the same period last year[17]. - The net profit attributable to shareholders for the first half of 2016 was -¥4,364,979.07, compared to -¥3,518,088.09 in the same period last year[17]. - The net cash flow from operating activities was ¥6,425,160.09, a significant improvement from -¥7,984,685.17 in the previous year[17]. - The total profit for the period was CNY -4.37 million, a decrease of CNY 0.07 million or 1.55% from CNY -4.30 million year-on-year[24]. - The net profit for the period was CNY -4.37 million, down CNY 0.85 million or 24.07% from CNY -3.52 million in the previous year[24]. - The operating costs increased by 6.11% to CNY 53.69 million from CNY 50.60 million in the previous year[26]. - The sales expenses surged by 45.09% to CNY 3.80 million, attributed to increased advertising efforts for tourism promotion[26]. - The gross margin for the tourism passenger transport segment was 18.97%, a decrease of 1.03 percentage points year-on-year[32]. - The travel agency segment's revenue decreased by 38.29% to CNY 873,794.17, with a gross margin of 53.96%, down 16.04 percentage points from the previous year[32]. Assets and Liabilities - The total assets at the end of the reporting period were ¥875,873,326.77, down 3.26% from ¥905,419,828.26 at the end of the previous year[17]. - The net assets attributable to shareholders decreased by 3.81% to ¥827,089,635.75 from ¥859,888,478.49 at the end of the previous year[17]. - The company's cash and cash equivalents decreased from 427,792,767.32 RMB to 281,871,781.43 RMB, a decline of approximately 34.2%[74]. - Accounts receivable increased from 361,257.42 RMB to 452,152.08 RMB, reflecting a growth of about 25.2%[74]. - Total liabilities rose from ¥45,531,349.77 to ¥48,783,691.02, reflecting an increase of approximately 4.9%[75]. - Owner's equity decreased from ¥859,888,478.49 to ¥827,089,635.75, a decline of about 3.8%[76]. - The total amount of advance receipts rose from CNY 417,768.67 to CNY 622,560.30, marking an increase of about 49%[187]. Cash Flow - Cash flow from operating activities amounted to ¥67,587,648.36, an increase from ¥64,306,937.62 in the previous period, showing a growth of about 3.54%[88]. - The net cash flow from operating activities improved to CNY 7,466,105.38 from a net outflow of CNY -7,072,105.80 in the previous period[91]. - The net increase in cash and cash equivalents was CNY -145,927,392.62, compared to a decrease of CNY -53,093,126.46 in the previous period[90]. Shareholder Information - The total number of shareholders reached 23,958 by the end of the reporting period[62]. - The largest shareholder, Jilin Changbai Mountain Development Construction (Group) Co., Ltd., holds 158,533,060 shares, accounting for 59.45% of total shares[64]. - The second-largest shareholder, China Jilin Forest Industry Group Co., Ltd., holds 26,414,971 shares, representing 9.91% of total shares[64]. Commitments and Compliance - The company has committed to avoid and minimize related party transactions, ensuring fairness and transparency in dealings[50]. - The company has established a commitment to avoid and minimize related party transactions, ensuring fairness and transparency in dealings[50]. - The company has committed to protecting investor rights by proposing supplementary or alternative commitments in case of unfulfilled promises due to uncontrollable factors[54]. - The company has not faced any major discrepancies in governance compared to the Company Law and relevant regulations, nor has it been penalized by regulatory authorities[57]. Investments and Projects - The project "Changbai Mountain International Hot Spring Resort" has received RMB 64,376,534.46 in the current reporting period, achieving 86% of the planned investment[38]. - The company has ongoing contracts for various construction projects related to the Changbai Mountain International Hot Spring Resort, with total contract values exceeding RMB 200 million[47]. - The company established a wholly-owned subsidiary, Jilin Tianchi Hotel Management Co., Ltd., with a registered capital of 40 million RMB to manage the Changbai Mountain Crown Plaza Hotel[58]. Accounting Policies - The financial statements are prepared in accordance with the enterprise accounting standards, ensuring a true and complete reflection of the company's financial status[109]. - The company follows specific accounting policies tailored to its operational characteristics, including provisions for bad debts and asset depreciation methods[108]. - The company recognizes financial assets and liabilities when it becomes a party to a financial instrument contract, classifying them based on investment purpose and economic substance[116]. Employee Compensation - The total short-term liabilities, including other payables, amounted to CNY 6,462,851.12, up from CNY 5,663,141.94, reflecting an increase of about 14.1%[195]. - Employee compensation payable at the end of the period was CNY 22,587,877.53, after an increase of CNY 36,144,362.72 during the period[189].

Financial Performance - Operating revenue for the current period was CNY 21,057,643.16, representing a decline of 8.17% year-on-year[6]. - Net profit attributable to shareholders of the listed company was CNY -11,941,059.70, compared to CNY -6,205,567.17 in the same period last year[6]. - Basic earnings per share were CNY -0.04, compared to CNY -0.03 in the previous year[6]. - Diluted earnings per share were also CNY -0.04, down from CNY -0.02 in the same period last year[6]. - Net profit decreased by 58.85% to -11,940,195.59 from -7,516,674.64 due to reduced revenue and increased operating costs[15]. - Operating profit showed a loss of ¥11,941,347.74 compared to a loss of ¥7,616,704.86 in the previous period, indicating a worsening of approximately 56.67%[33]. - Net profit also reflected a loss of ¥11,940,195.59, worsening from a loss of ¥7,516,674.64, representing an increase in losses of about 58.66%[33]. Cash Flow - The net cash flow from operating activities was CNY -6,722,554.33, compared to CNY -2,982,605.38 in the previous year, indicating a worsening cash flow situation[6]. - Cash flow from operating activities net amount decreased by 125.39% to -6,722,554.33 from -2,982,605.38, impacted by weather conditions[15]. - Cash flow from investing activities net amount increased by 131.48% to -19,820,374.62 from -8,562,336.14 due to increased construction projects[15]. - Cash and cash equivalents net increase decreased by 129.91% to -26,542,928.95 from -11,544,941.52, reflecting reduced income and increased project funding[15]. - The net cash flow from operating activities for Q1 2016 was -5,643,903.99 RMB, compared to -4,381,842.27 RMB in the same period last year, indicating a decline of approximately 28.8%[38]. - The ending cash and cash equivalents balance was 364,492,508.78 RMB, down from 418,163,831.43 RMB year-over-year, representing a decrease of approximately 12.8%[39]. - The company experienced a decrease in cash and cash equivalents by 25,464,278.61 RMB during the quarter, highlighting challenges in cash management[39]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 895,030,061.51, a decrease of 1.15% compared to the end of the previous year[6]. - Current assets decreased from ¥457,844,959.82 to ¥437,544,904.21, a decline of about 4.4%[23]. - Total liabilities increased from ¥45,531,349.77 to ¥45,965,357.32, an increase of approximately 1.0%[24]. - Total equity decreased from ¥859,888,478.49 to ¥849,064,704.19, a decline of about 1.0%[25]. - The company reported a total current liability of ¥40,572,895.20, which is a slight increase from ¥40,138,887.65[24]. Shareholder Information - The total number of shareholders at the end of the reporting period was 30,512[12]. - The largest shareholder, Jilin Changbai Mountain Development and Construction Group Co., Ltd., held 59.45% of the shares[12]. Commitments and Compliance - The company plans to hold its shares in Changbai Mountain Tourism for the long term, with a lock-up period of two years after the initial lock-up expires, during which it will not sell more than 20% of its shares annually[17]. - The company commits to repurchase shares if the prospectus is found to contain false statements or omissions, initiating the buyback within five trading days at the market price[18]. - The company has no current or foreseeable major litigation, arbitration, or administrative penalties against it, ensuring a stable operational environment[17]. - The company will adhere to strict compliance with its commitments, including not engaging in public refinancing if it fails to meet its obligations[18]. - The company has committed to timely and sufficient disclosure of any failure to fulfill commitments to protect investor rights[19]. - The company will take responsibility for any losses incurred by investors due to violations of commitments[20]. Operational Metrics - Accounts receivable increased by 120.18% to 795,422.85 from 361,257.42 due to increased sales[14]. - Prepayments rose by 62.25% to 15,786,966.11 from 9,729,917.06, attributed to construction project deposits[14]. - Interest receivable decreased by 76.46% to 368,041.54 from 1,563,412.51 as estimated interest was received[14]. - Accounts payable increased by 103.18% to 2,473,944.52 from 1,217,588.12 due to higher purchases of automotive parts[14]. - Other payables increased by 43.83% to 8,145,566.65 from 5,663,141.94, related to employee social insurance payments[14]. Revenue and Costs - Total operating revenue decreased to ¥21,057,643.16 from ¥22,930,203.07, a decline of approximately 8.16% year-over-year[32]. - Total operating costs increased to ¥32,998,990.90 from ¥30,546,907.93, an increase of about 8.01% year-over-year[32]. - Cash paid for goods and services was ¥9,160,572.23, down from ¥11,049,268.62, a reduction of about 17.06%[36]. - Cash paid to employees increased to ¥17,255,135.63 from ¥13,377,652.62, an increase of approximately 28.36%[36]. - The company reported a significant increase in sales expenses to ¥2,072,814.79 from ¥1,652,093.11, an increase of about 25.55%[33]. - Management expenses decreased to ¥5,340,030.75 from ¥5,903,656.17, a reduction of approximately 9.55%[33].

Financial Performance - The company achieved a net profit attributable to shareholders of RMB 100,555,891.58, representing a 26.18% increase compared to RMB 79,694,861.31 in 2014[2]. - Total operating revenue for 2015 was RMB 318,529,754.87, an increase of 8.75% from RMB 292,899,915.40 in 2014[18]. - The net profit after deducting non-recurring gains and losses was RMB 99,377,781.00, up 27.28% from RMB 78,079,498.92 in the previous year[18]. - Basic earnings per share increased by 5.56% to CNY 0.38 in 2015 compared to CNY 0.36 in 2014[19]. - The total profit reached CNY 136.86 million, reflecting a year-on-year increase of CNY 28.84 million or 26.71%[32]. - The company reported a net profit of CNY 119,400,164.79 in the third quarter, indicating a significant recovery compared to previous quarters[22]. - The company achieved a total revenue of CNY 318.53 million in 2015, an increase of CNY 25.63 million or 8.75% year-on-year[32]. Assets and Liabilities - The company's total assets reached RMB 905,419,828.26, an increase of 8.43% from RMB 835,040,842.20 at the end of 2014[18]. - The total liabilities decreased from RMB 48,471,377.74 to RMB 45,531,349.77, reflecting a reduction of about 6.0%[133]. - The total equity attributable to shareholders increased from RMB 786,569,464.46 to RMB 859,888,478.49, marking a rise of approximately 9.3%[133]. - Cash and cash equivalents at the end of the year were CNY 427,559,795.26, down from CNY 463,344,433.98, reflecting a decrease of 7.7%[146]. - The company's inventory increased from RMB 5,469,501.13 to RMB 7,697,451.51, which is an increase of approximately 40.5%[132]. Cash Flow - The net cash flow from operating activities was RMB 109,974,574.27, a decrease of 10.86% from RMB 123,376,001.47 in 2014[18]. - The company’s cash flow from operating activities showed a net outflow of CNY 47,782,664.98 in the fourth quarter, indicating challenges in cash generation[22]. - The net cash flow from financing activities was negative at CNY -24,000,300.00, compared to a positive CNY 266,444,377.80 in the previous year, indicating a significant change in financing strategy[146]. - The net increase in cash and cash equivalents for the year was -41,151,222.45 RMB, contrasting with a substantial increase of 306,321,035.38 RMB in the prior year[149]. Dividends and Profit Distribution - The company proposed a cash dividend of RMB 1.15 per 10 shares, totaling RMB 30,667,050.00, which is 30.50% of the net profit attributable to shareholders[2]. - In 2015, the company distributed cash dividends of 1.15 yuan per 10 shares, an increase from 0.90 yuan in 2014, reflecting a growth rate of approximately 27.78%[61]. - The profit distribution includes a surplus reserve extraction of 7,992,170 RMB and a distribution to shareholders of -9,200,000 RMB[163]. Business Operations and Strategy - The company is developing the Changbai Mountain International Hot Spring Resort project, which aims to transform tourism from "sightseeing" to "leisure vacation"[31]. - The company holds a 20-year exclusive operating right for three transportation routes within the Changbai Mountain scenic area, enhancing its competitive advantage[27]. - The company is focusing on diversifying its tourism business, with ongoing investments in the Changbai Mountain International Hot Spring Resort project[51]. - The company plans to expand its market by developing special tourism projects and camping sites in the southern and western scenic areas of Changbai Mountain[53]. - The company is transitioning its marketing strategies towards internet and mobile platforms to improve customer engagement and sales[53]. Risk Management - The company has outlined potential risks in its management discussion and analysis section, urging investors to pay attention[4]. - The company faces risks related to macroeconomic changes that could impact tourism demand and revenue growth[54]. - The company acknowledges potential risks from regulatory changes affecting tax burdens and operational costs due to the "VAT reform" policy[55]. Shareholder and Management Information - The company has committed to avoiding competition with its subsidiaries and ensuring fair market practices in related transactions[66]. - The company has a total of 36,000,000 restricted shares that were released for public trading on August 24, 2015[87]. - The total remuneration for all directors, supervisors, and senior management during the reporting period amounted to 1.1774 million yuan[109]. - The company’s board of directors is responsible for determining the remuneration of senior management[109]. - The reporting period saw no changes in the positions of directors, supervisors, or senior management[110]. Compliance and Audit - The domestic accounting firm, Xinyong Zhonghe, was retained with an audit fee of 400,000 RMB for a six-year term[78]. - The internal control audit report confirmed that the company maintained effective financial reporting internal controls in all significant aspects[123]. - There were no penalties imposed by securities regulatory authorities in the past three years[111]. Employee Information - The total number of employees in the parent company and major subsidiaries is 704, with 677 in the parent company and 27 in subsidiaries[112]. - Employee training programs were conducted focusing on professional skills and management capabilities, enhancing overall workforce quality[114].

Financial Performance - Operating revenue for the first nine months reached CNY 289,612,772.94, a 10.28% increase from the same period last year[6] - Net profit attributable to shareholders was CNY 115,807,054.02, reflecting a growth of 24.94% year-on-year[7] - Basic and diluted earnings per share decreased by 4.44% to CNY 0.43[7] - Total revenue for the first nine months reached CNY 289,612,772.94, an increase from CNY 262,606,438.91 in the same period last year, representing a growth of approximately 10.3%[28] - Net profit attributable to the parent company for the first nine months was CNY 115,882,076.70, up from CNY 93,774,391.60 year-on-year, reflecting a growth of about 23.5%[29] - Net profit for the first nine months of 2015 reached CNY 119,454,649.17, representing a 18.6% increase from CNY 100,716,571.14 in the previous year[32] - The company reported a total operating profit of CNY 159,294,484.72 for the third quarter, an increase of 19.0% compared to CNY 133,982,511.79 in the same quarter last year[32] Assets and Liabilities - Total assets increased by 15.44% to CNY 963,940,493 compared to the end of the previous year[6] - Net assets attributable to shareholders rose by 12.32% to CNY 883,461,007.03 year-on-year[6] - The company's total equity as of September 30, 2015, was CNY 883,461,007.03, up from CNY 786,569,464.46, reflecting an increase of about 12.3%[23] - Total assets increased to CNY 973,733,337.88 from CNY 848,042,838.58 at the beginning of the year, marking a growth of approximately 14.8%[27] - Current liabilities rose to CNY 70,792,341.84, compared to CNY 41,225,409.90 at the start of the year, indicating an increase of about 71.9%[27] - Total current liabilities increased to CNY 74,639,229.26 from CNY 42,631,121.03, indicating a rise of approximately 75%[23] Cash Flow - Cash flow from operating activities for the first nine months was CNY 157,757,239.25, up 12.92% compared to the previous year[6] - The company's cash and cash equivalents increased to CNY 520,933,858.91 from CNY 463,570,072.78, representing a rise of about 12.4%[20] - Cash flow from operating activities for the first nine months was CNY 157,757,239.25, up 12.9% from CNY 139,705,042.53 in the same period last year[36] - Total cash and cash equivalents at the end of the reporting period amounted to CNY 520,700,886.85, compared to CNY 510,357,493.95 at the end of the previous year[36] - Cash received from operating activities included $283.41 million from sales, an increase from $254.14 million, marking an 11.5% growth[38] - The ending cash and cash equivalents balance was $488.46 million, slightly up from $481.04 million year-over-year[39] Shareholder Information - The total number of shareholders reached 30,028 by the end of the reporting period[11] - The largest shareholder, Jilin Changbai Mountain Development and Construction Group, holds 59.45% of the shares[11] - The top ten unrestricted shareholders include Changbai Mountain Forest Industry Group with 8,599,985 shares and Jilin Risheng Investment Management with 2,137,800 shares[12] Commitments and Regulations - The company has committed to not engage in competing businesses with its major shareholder, Jilin Province Changbai Mountain Development and Construction Group, ensuring no direct competition in new business areas[13] - The company will prioritize the transfer of mineral resources to Changbai Mountain Tourism at market prices, ensuring compliance with market regulations[13] - The company has undertaken measures to avoid and minimize related party transactions, adhering to principles of fairness and transparency[13] - The company committed to fully compensate any expenses or losses incurred due to discrepancies in shareholder contributions for Tianchi Guolv[14] - The company will actively coordinate with authorities to ensure the continuation of mining rights for the hot spring company from December 31, 2014, to December 31, 2039[14] - The company will refund any difference if the renewal fees for mining rights are lower than the assessed value during the renewal period[14] - The controlling shareholder committed to a lock-up period of 36 months for shares held in Changbai Mountain Tourism after its listing[15] - The company confirmed that there are no ongoing major litigations or disputes related to its shares[15] - The company will announce any share reduction plans three trading days in advance[15] - The company committed to repurchase all newly issued shares within five trading days if the prospectus is found to contain false records or misleading statements by regulatory authorities[16] - The company will compensate investors for losses caused by false records or misleading statements as determined by regulatory authorities or through negotiation with investors[16] - The company has pledged to strictly adhere to its commitments unless affected by uncontrollable factors such as legal changes or natural disasters[17] - The company will disclose the specific reasons for any failure to fulfill commitments and apologize to investors[17] - The company will not conduct public refinancing if it fails to fulfill its commitments[17] - The company will not approve voluntary resignations of directors or senior management who have not fulfilled commitments[17] - The company will propose supplementary or alternative commitments to protect investor rights[17] - The company will ensure that all commitments are true, accurate, complete, and irrevocable[17] - The company will actively accept social supervision regarding any unfulfilled commitments[17] Operational Metrics - The company has not disclosed any new product or technology developments in this report[5] - The company plans to continue expanding its market presence and investing in new product development to drive future growth[28] - Operating costs for the first nine months were CNY 134,771,053.35, slightly down from CNY 138,916,543.15 in the previous year, a decrease of about 3.3%[28] - The gross profit margin for the first nine months improved to approximately 53.6% from 49.8% in the previous year[28] - Sales expenses for the first nine months were CNY 1,110,348.95, a decrease of 56.6% from CNY 2,560,836.60 in the same period last year[31] - Management expenses decreased to CNY 9,221,149.34 from CNY 14,287,988.47, reflecting a reduction of 35.1%[31]

Financial Performance - The company's operating revenue for the first half of 2015 was ¥63,540,317.24, representing a 24% increase compared to ¥51,084,935.05 in the same period last year[17]. - The net profit attributable to shareholders for the first half of 2015 was -¥3,518,088.09, a 49% improvement from -¥6,855,857.26 in the previous year[17]. - The net cash flow from operating activities was -¥7,984,685.17, showing a slight decline of 3.74% compared to -¥7,696,503.31 in the same period last year[17]. - The total profit for the period was -4.40 million RMB, a year-on-year improvement of 482.11 million RMB or 57.87%[30]. - The net profit for the period was -3.52 million RMB, showing a year-on-year improvement of 333.78 million RMB or 48.69%[30]. - The total profit for the current period was -¥4,298,250.53, an improvement from -¥9,119,374.76 in the previous period[84]. - The company reported a total comprehensive income of 79,694,861.31 RMB for the current period, reflecting a significant increase[100]. Assets and Liabilities - The total assets at the end of the reporting period were ¥806,429,426.60, down 3% from ¥835,040,842.20 at the end of the previous year[17]. - The total assets of the company amounted to 806.43 million RMB, an increase of 351.94 million RMB or 77.44% year-on-year[30]. - The total liabilities decreased from CNY 48,471,377.74 to CNY 43,444,244.84, a decline of about 10.5%[79]. - The total amount of construction in progress is CNY 98,089,175.12, up from CNY 81,702,274.80 at the beginning of the period[172]. - The total accounts payable at the end of the period is CNY 9,290,555, an increase from CNY 2,688,570.09 at the beginning of the period, representing a growth of approximately 245%[182]. Shareholder Information - The total number of shareholders at the end of the reporting period was 17,057[66]. - The largest shareholder, Jilin Province Changbai Mountain Development Construction (Group) Co., Ltd., held 158,533,060 shares, representing 59.45% of total shares[68]. - The company will not transfer or entrust the management of its shares in Changbai Mountain Tourism for 12 months from the listing date[57]. - The company will ensure that the price for any reduction in its holdings will not be lower than the issue price[57]. Business Operations - The gross profit margin for the tourism passenger transport business was over 90%, making it the primary source of profit for the company[24]. - The company has established a business structure focusing on tourism passenger transport, with travel agency and hot spring water development as supplementary wings[24]. - The company is constructing the Changbai Mountain International Hot Spring Resort, which is expected to enhance its brand and shift tourism from sightseeing to leisure vacation[24]. - The travel agency business and hotel projects funded by raised capital are expected to become new profit growth points for the company[29]. Risk Management and Compliance - The report includes a risk statement regarding forward-looking statements, indicating that operational plans and development strategies do not constitute a substantive commitment to investors[3]. - The company has not engaged in any non-operating fund occupation by controlling shareholders or related parties[3]. - The company has no undisclosed major litigation or arbitration cases, nor has it received any criminal penalties from judicial or government authorities[57]. Commitments and Future Plans - The company is committed to investing the raised funds into the hot spring resort project, which is currently not generating any revenue as it has not yet entered the construction phase[43]. - The company has committed to not engage in competitive business activities directly related to Changbai Mountain tourism in the future[54]. - The company will actively coordinate with authorities to ensure the continuation of the hot spring mining rights from December 31, 2014, to December 31, 2039[55]. Accounting and Financial Reporting - The company adheres to the enterprise accounting standards, ensuring that financial statements accurately reflect its financial position and operating results[109]. - The company recognizes revenue from tourist operations based on ticket sales and service provision, following government-approved pricing[132]. - The company has no significant changes in accounting policies or estimates during the reporting period[64]. Employee and Compensation Information - The total short-term compensation decreased from CNY 32,251,950.60 to CNY 19,101,605.97, reflecting a reduction of approximately 40.8%[189]. - The defined benefit plan contributions decreased from CNY 8,331,709.98 to CNY 5,407,837.71, indicating a reduction of approximately 35.5%[193]. - The total amount of taxes payable increased from CNY 2,873,110.38 to CNY 4,196,490.87, marking an increase of approximately 46%[195].

Financial Performance - Operating revenue for the period was CNY 22,930,203.07, representing an increase of 58.09% year-on-year[7]. - Net profit attributable to shareholders of the listed company was CNY -6,205,567.17, an improvement of 24.06% compared to the same period last year[7]. - Basic earnings per share improved to CNY -0.03 from CNY -0.04, a 25% increase[7]. - Diluted earnings per share improved to CNY -0.02 from CNY -0.04, a 50% increase[7]. - Total operating revenue for Q1 2015 was CNY 22,930,203.07, an increase of 58.5% compared to CNY 14,504,220.60 in the same period last year[35]. - The net profit for Q1 2015 was -¥7,079,406.19, an improvement from -¥7,756,160.11 in Q1 2014, representing a decrease in net loss of approximately 8.7%[38]. Cash Flow - Cash flow from operating activities showed a net outflow of CNY -2,982,605.38, worsening by 54.61% compared to the previous year[7]. - The company's net cash flow from operating activities for Q1 was -2.98 million RMB, a decrease of 54.61% compared to -1.93 million RMB in the same period last year, primarily due to increased cash outflows[16]. - The cash flow from operating activities for Q1 2015 was -¥2,982,605.38, worsening from -¥1,929,059.78 in Q1 2014[40]. - Cash outflow from operating activities increased to 27,432,684.62 RMB from 12,382,890.74 RMB, representing a rise of about 121%[44]. - Cash flow from financing activities resulted in a net outflow of -9,200,000.00 RMB, with no cash inflow reported from financing activities[44]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 828,913,478.37, a decrease of 0.73% compared to the end of the previous year[7]. - The company reported a total liability of CNY 48,052,506.55 as of March 31, 2015, slightly down from CNY 48,471,377.74 at the beginning of the year[30]. - The company's total equity was CNY 793,885,120.78, down from CNY 800,977,171.97 at the beginning of the year[33]. - The company's cash and cash equivalents were CNY 452,032,233.69, down from CNY 463,570,072.78 at the beginning of the year[27]. - The ending balance of cash and cash equivalents decreased to 418,163,831.43 RMB from 431,108,009.84 RMB, a decline of approximately 3.5%[45]. Shareholder Information - The total number of shareholders at the end of the reporting period was 16,078[12]. - The largest shareholder, Jilin Changbai Mountain Development Construction (Group) Co., Ltd., held 59.45% of the shares[12]. Marketing and Tourism - Sales revenue for Q1 reached 22.93 million RMB, an increase of 58.09% from 14.50 million RMB year-on-year, driven by a rise in tourist numbers[16]. - The number of tourists during the snow season was approximately 28,600, with a significant increase in visitors from Jilin province due to ticket discount policies[17]. - The company has been enhancing its winter tourism brand over the past eight years, leading to a growing demand for winter tourism products[16]. - Marketing investments have significantly increased compared to last year, contributing to higher tourist engagement and attendance[17]. - The company has improved its winter tourism infrastructure, including hotels and travel services, enhancing competitiveness in the Northeast region[17]. Commitments and Legal Standing - The company committed to not engage in similar business activities as the issuer and its subsidiaries from the date of signing the commitment[20]. - The company has promised to compensate for any losses incurred by the issuer due to violations of the commitments by controlled enterprises[20]. - The company has not reported any significant legal disputes or penalties as of the report date, indicating a stable operational environment[25]. - The company guarantees that all shares held are free from pledges and disputes, ensuring no anonymous shareholders are involved[22]. - The company will disclose any failure to fulfill commitments and apologize to investors, ensuring transparency and accountability[23].