Financial Performance - Net profit attributable to shareholders rose by 5.69% to CNY 77,060,557.74 for the first nine months of the year[6] - Operating revenue for the first nine months increased by 21.20% to CNY 383,953,314.97 compared to the same period last year[6] - Revenue for the third quarter reached ¥227,676,390.72, an increase of 31.34% compared to the previous period's ¥173,353,397.27[16] - Net profit for the first nine months of 2018 reached CNY 118,921,975.08, a 7.9% increase from CNY 110,723,555.78 in the same period last year[25] - Operating revenue for the first nine months was CNY 383,953,314.97, up 21.2% from CNY 316,803,935.79 in the previous year[24] - The total profit for the third quarter was CNY 121,421,678.08, a slight decrease from CNY 130,267,705.48 in the previous quarter, indicating a decline of 6.5%[29] Cash Flow - Net cash flow from operating activities increased by 50.43% to CNY 170,469,908.59 year-to-date[6] - Cash flow from operating activities increased dramatically to ¥34,231,918.75, a 477.23% rise from ¥5,930,389.94 in the previous period[16] - Operating cash inflow for the first nine months of 2018 reached CNY 443,594,275.48, a significant increase of 50.5% compared to CNY 294,671,427.64 in the same period last year[35] - Net cash flow from operating activities was CNY 162,636,434.47, up 37.7% from CNY 118,050,712.61 year-on-year[35] - Cash inflow from sales of goods and services was CNY 312,213,331.53, reflecting a growth from CNY 289,507,816.11 in the previous year[35] - Cash outflow for purchasing goods and services decreased to CNY 56,037,993.62 from CNY 61,258,577.50 year-on-year[35] Assets and Liabilities - Total assets increased by 17.75% to CNY 1,324,029,739.20 compared to the end of the previous year[6] - The company reported a total asset value of ¥1,324,029,739.20 as of September 30, 2018, up from ¥1,124,453,849.01 at the beginning of the year[21] - Total liabilities increased to ¥303,438,027.99 from ¥174,206,766.47, indicating a significant rise in financial obligations[21] - Total liabilities rose to CNY 261,252,553.90, compared to CNY 146,483,256.00 at the start of the year, indicating an increase of about 78.2%[23] - The company's total equity reached CNY 1,052,984,267.13, up from CNY 983,798,391.95 at the beginning of the year, indicating a growth of approximately 7.0%[23] Shareholder Information - The number of shareholders reached 20,688, with the largest shareholder holding 59.45% of the shares[13] - Basic and diluted earnings per share increased by 7.41% to CNY 0.29[7] - Basic and diluted earnings per share for the third quarter were both CNY 0.45, compared to CNY 0.42 in the previous quarter, reflecting a growth of 7.14%[26] Expenses - Sales expenses rose to ¥11,143,968.82, reflecting a 58.91% increase due to higher advertising costs[16] - The company reported a significant increase in sales expenses, which rose to CNY 11,143,968.82 from CNY 7,012,895.14, reflecting a strategic investment in marketing and sales efforts[24] - The total operating costs for the third quarter were CNY 76,560,954.26, compared to CNY 68,886,494.23 in the previous quarter, reflecting an increase of 11.5%[28] Investment Activities - The cash outflow from investment activities for the first nine months was CNY 140,726,176.65, compared to CNY 73,619,551.21 in the same period last year, indicating an increase of 90.5%[32] - The company invested CNY 49,177,600.00 in new projects, a significant increase from CNY 2,000,000.00 in the previous year[36]

Financial Performance - The company's operating revenue for the first half of 2018 was ¥109,383,060.84, representing a 43.44% increase compared to ¥76,256,523.11 in the same period last year[18]. - The net profit attributable to shareholders of the listed company was -¥41,861,417.34, compared to -¥37,814,916.29 in the previous year, indicating a continued loss[18]. - The total profit for the period was a loss of 41.86 million yuan, which represents a 10.80% increase in loss compared to the previous year[26]. - Operating costs rose to 120.54 million yuan, reflecting a 41.76% increase year-on-year[28]. - The company reported a significant increase in revenue, achieving a total of 1.2 billion in the first half of 2018, representing a year-over-year growth of 15%[43]. - The company reported a comprehensive income loss of CNY -41,861,417.34 during the period[93]. - The total comprehensive income for the period was -19,967,141.22 RMB, indicating a significant loss compared to the previous period[98]. Cash Flow and Assets - The net cash flow from operating activities was -¥29,645,774.79, worsening from -¥25,590,552.55 in the same period last year[18]. - The total assets at the end of the reporting period were ¥1,141,039,203.87, a slight increase of 1.47% from ¥1,124,453,849.01 at the end of the previous year[18]. - The company's cash and cash equivalents decreased to CNY 79,796,925.63 from CNY 112,128,264.47, a decline of approximately 29.0%[73]. - The total liabilities reached CNY 237,817,315.37, compared to CNY 174,206,766.47 at the beginning of the period, indicating a significant increase in liabilities[75]. - The total equity attributable to shareholders was CNY 903,221,888.50, down from CNY 950,247,082.54, indicating a decrease of approximately 4.9%[75]. Operational Highlights - The company has exclusive operating rights for transportation in three scenic areas for 20 years, enhancing its market position[23]. - The company operates the first international standard five-star hotel in the region, which began operations in December 2016[23]. - The company has expanded its business model to include online car-hailing services, becoming the first in the region to do so[23]. - The company’s travel agency subsidiary generated revenue of 2,523,800, with a net loss of 505,900, showing a 24% reduction in losses year-over-year[35]. Risks and Challenges - The company faces risks related to the expiration of operating licenses, which could significantly impact future revenue streams[36]. - Seasonal fluctuations in tourism significantly affect revenue, with peak income concentrated in the third quarter, accounting for over 60% of annual revenue[37]. - The company reported no significant risks that could materially affect its operations during the reporting period[5]. Shareholder and Governance - There were no profit distribution or capital reserve transfer plans during the reporting period[4]. - The controlling shareholder has pledged to lock up shares for 36 months post-listing, with automatic extensions if stock prices fall below the issue price[46]. - The company has committed to timely compensation for investor losses if the prospectus is found to contain false statements or omissions, with a buyback program initiated within five trading days at the market price[49]. - The company has no major litigation or arbitration matters during the reporting period, indicating a stable legal environment[54]. Future Outlook and Strategy - The company provided a positive outlook for the next quarter, projecting a revenue growth of 10% to 1.32 billion[43]. - New product launches are expected to contribute an additional 200 million in revenue by the end of the year[44]. - The company is considering strategic acquisitions to enhance its product portfolio, with a budget of 300 million earmarked for potential deals[44]. - The company has committed to maintaining competitive pricing strategies to ensure market competitiveness, with a focus on reducing costs by 8%[43]. Accounting and Compliance - The financial statements are prepared based on the going concern principle, with no significant doubts about the company's ability to continue operations for the next 12 months[107]. - The company has confirmed that its financial statements comply with the requirements of the enterprise accounting standards, reflecting a true and complete picture of its financial status[109]. - The company recognizes financial assets based on the extent of involvement in transferred financial assets, confirming relevant liabilities accordingly[116]. Inventory and Receivables - The company reported a significant increase in inventory, which rose to CNY 11,584,757.86 from CNY 8,797,344.39, an increase of 31.9%[78]. - The accounts receivable at the end of the period totaled ¥7,841,000, with a bad debt provision of ¥54,476, indicating a provision ratio of 0.69%[150]. - The company recognized a bad debt provision of 1,597,818.16 RMB, with a provision rate of 5.8% for other receivables totaling 27,514,333.83 RMB[159].

Financial Performance - Operating revenue for the period was CNY 43,010,769, representing a significant increase of 66.74% year-on-year[5] - Net profit attributable to shareholders of the listed company was CNY -31,929,442.72, a decline of 12.34% compared to the same period last year[5] - The weighted average return on net assets decreased to -3.41%, down by 0.24 percentage points from -3.17%[5] - Basic and diluted earnings per share were both CNY -0.12, reflecting an increase of 8.81% in loss per share compared to CNY -0.11 in the previous year[5] - Net loss for Q1 2018 was CNY 31,916,954.70, compared to a net loss of CNY 28,090,382.77 in Q1 2017, representing a decline of 10.0%[27] - The company reported a net loss of CNY 20,705,208.83 for Q1 2018, an improvement from a net loss of CNY 22,214,968.66 in the same period last year, representing a decrease in loss of approximately 6.76%[30] - Basic and diluted earnings per share for Q1 2018 were both CNY -0.12, compared to CNY -0.11 in Q1 2017[28] Assets and Liabilities - Total assets at the end of the reporting period reached CNY 1,124,775,076, a slight increase of 0.03% compared to the previous year[5] - The company's total assets amounted to CNY 1,162,107,698.37, an increase from CNY 1,130,281,647.95 year-over-year[23] - Total liabilities were CNY 197,838,745.23, compared to CNY 146,483,256.00 in the previous year, reflecting a rise of 35.1%[23] - The total equity of the company was CNY 964,268,953.14, down from CNY 983,798,391.95 in the previous year, indicating a decrease of 2.0%[23] Cash Flow - The company reported a net cash flow from operating activities of CNY -39,266,649.06, an improvement of 4.52% compared to the previous year[5] - The net cash flow from operating activities was negative at CNY -39,266,649.06, slightly improved from CNY -41,125,396.38 in the same quarter last year[33] - Total cash outflow from operating activities was CNY 88,478,304.31, an increase from CNY 70,930,310.40 in the previous year, indicating higher operational costs[33] - The company reported a cash flow from financing activities net increase of CNY 51,585,785.16, showing a positive financing position[34] Shareholder Information - The total number of shareholders at the end of the reporting period was 21,641[10] - The largest shareholder, Jilin Changbai Mountain Development Construction (Group) Co., Ltd., held 158,533,060 shares, accounting for 59.45% of the total shares[10] - The top ten shareholders included several state-owned enterprises, indicating a strong institutional presence[10] Investments and Expenditures - Cash paid for the acquisition of fixed assets and intangible assets increased by 115.04% to ¥59,599,908.60 from ¥27,716,185.86, indicating significant investment in construction projects[14] - The company invested CNY 59,599,908.60 in fixed assets and other long-term assets, compared to CNY 27,716,185.86 in the previous year, indicating a significant increase in investment activities[34] - Long-term borrowings increased to ¥51,690,000.00 from ¥0.00, marking a 100% increase as the company secured bank loans[13] Changes in Current Assets - Cash and cash equivalents decreased by 42.17% to ¥64,848,520.47 from ¥112,128,264.47 due to significant payments for engineering projects[13] - Prepayments decreased by 89.81% to ¥10,892,621.57 from ¥106,875,878.74 as prepaid land transfer fees were converted to intangible assets[13] - Other current assets increased by 65.92% to ¥8,722,284.26 from ¥5,256,807.06 due to an increase in input tax[13] - Construction in progress surged by 443.77% to ¥33,422,014.49 from ¥6,146,403.66 due to increased investment in engineering projects[13] - Intangible assets rose by 107.85% to ¥199,682,571.56 from ¥96,068,324.21 due to the addition of new land-related intangible assets[13] Revenue and Costs - Operating costs rose by 44.80% to ¥60,015,531.55 from ¥41,447,674.09, primarily due to increased labor costs and seasonal losses in the off-peak period[14] - Cash received from sales and services increased by 72.29% to ¥43,447,330.34 from ¥25,218,186.42, reflecting improved revenue generation[14] - Total operating revenue for Q1 2018 was CNY 43,010,769.16, an increase of 66.6% compared to CNY 25,794,557.26 in the same period last year[26] - Total operating costs for Q1 2018 were CNY 75,012,639.30, up 38.1% from CNY 54,328,071.49 in Q1 2017[27] - Operating revenue from sales of goods and services increased to CNY 43,447,330.34, up 72.2% from CNY 25,218,186.42 in the previous year[32]

Financial Performance - The company achieved a total operating revenue of RMB 388,577,954.49 in 2017, representing a year-on-year increase of 26.62% compared to RMB 306,887,768.22 in 2016[18]. - The net profit attributable to shareholders of the listed company was RMB 70,792,421.35, showing a slight decrease of 0.45% from RMB 71,112,221.50 in the previous year[18]. - The net profit after deducting non-recurring gains and losses was RMB 68,115,523.73, down 3.42% from RMB 70,524,964.65 in 2016[18]. - The net cash flow from operating activities was RMB 112,891,509.37, a decrease of 12.82% compared to RMB 129,489,950.31 in 2016[18]. - The company achieved a total revenue of 388.58 million RMB and a net profit of 70.79 million RMB in 2017, marking significant growth despite challenges[33]. - Basic earnings per share remained unchanged at CNY 0.27 in 2017 compared to 2016[19]. - The weighted average return on equity decreased by 0.46 percentage points to 7.69% in 2017 from 8.15% in 2016[19]. - Total revenue for the fourth quarter was CNY 71,774,018.70, while the net profit attributable to shareholders was a loss of CNY 2,116,218.14[20]. Assets and Liabilities - Total assets reached RMB 1,124,453,849.01, reflecting a slight increase of 0.85% from RMB 1,115,024,891.41 in the previous year[18]. - The net assets attributable to shareholders of the listed company increased by 5.44% to RMB 950,247,082.54 at the end of 2017, up from RMB 901,191,537.83 at the end of 2016[18]. - Total liabilities decreased to CNY 174,206,766.47 from CNY 213,833,353.58, a reduction of about 18.5%[148]. - Total equity increased to CNY 950,247,082.54 from CNY 901,191,537.83, showing an increase of approximately 5.4%[148]. Cash Flow - The net cash flow from investment activities improved to -CNY 192.07 million, a 39.06% increase compared to the previous year[41]. - The company's cash and cash equivalents at the end of 2017 were CNY 110.71 million, a decrease of 47.59% from the previous year[46]. - The net cash increase for the period was CNY -100,508,182.20, compared to CNY -216,342,346.30 in the previous period[160]. Dividends and Shareholder Returns - The company plans to distribute a cash dividend of RMB 0.27 per 10 shares, totaling RMB 7,200,090, which accounts for 10.17% of the net profit attributable to shareholders[4]. - The company has established a stable dividend policy to ensure continuous returns to investors, as outlined in its shareholder return plans[66]. - The company has not proposed any cash profit distribution plan for the reporting period despite having positive distributable profits[69]. Operational Developments - The company has established a new scenic area management division to enhance resource integration and management output[25]. - The company holds exclusive operating rights for transportation in three scenic areas for 20 years[26]. - The company has been recognized as a top domestic travel agency and has expanded its offerings to include specialized tourism products[26]. - The company is collaborating with InterContinental Hotels Group to operate the Changbai Mountain Hot Spring Crowne Plaza Hotel, which has become a landmark hotel in the region[29]. Risks and Challenges - The company faces risks related to macroeconomic changes that could suppress tourism demand, impacting revenue and profit growth[63]. - The company is exposed to unexpected events such as natural disasters and political changes, which could adversely affect operational performance[64]. - Rising costs due to inflation may pressure the company's profitability, as pricing adjustments for services require regulatory approval[64]. Governance and Compliance - The company has established a comprehensive internal control system, ensuring compliance with legal and regulatory requirements[92]. - The audit report was issued by Xinyong Zhonghe Accounting Firm, confirming compliance with professional ethics and independence requirements[145]. - The company has no major litigation, arbitration, or administrative penalty cases pending or foreseeable[73]. Future Outlook - The company aims for a revenue target of CNY 496.46 million and a net profit of CNY 54.27 million for 2018, focusing on optimizing business segments and enhancing economic growth points[59]. - The company plans to enhance its marketing channels and product development, including establishing a 400 customer service center and launching themed products for special occasions[60]. - The company is positioned to capitalize on the growing demand for high-quality tourism experiences as the industry transitions towards deeper engagement and premium offerings[57].

2017 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 2017 年第三季度报告 1 / 21 2017 年第三季度报告 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 1,143,520,079.71 1,115,024,891.41 2.56% 归属于上市公司 股东的净资产 953,221,320.28 901,191,537.83 5.77% 年初至报告期末 （1-9 月） 上年初至上年报告期末 （1-9 月） 比上年同期增减(%) 经营活动产生的 现金流量净额 113,324,973.55 177,187,633.63 -36.04% 年初至报告期末 （1-9 月） 上年初至上年报告期末 （1-9 月） 比上年同期增减 （%） 营业收入 316,803,935.79 270,794,115.77 16.99% 归属于上市公司 股东的净利润 72,908,639.49 90,137,345.93 -19.11% 归属于上市公司 股东的扣除非经 常性损益的净利 润 71,9 ...

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].