Financial Performance - The net profit attributable to shareholders for 2021 was -51,617,378.10 CNY, with distributable profits amounting to 331,512,311.97 CNY, indicating no cash dividend distribution for the year[4]. - The company's operating revenue for 2021 was ¥192,538,900.15, representing a 30.45% increase compared to ¥147,596,718.85 in 2020[22]. - The net profit attributable to shareholders was -¥51,617,378.10 in 2021, a slight improvement of 7.47% from -¥55,785,352.56 in 2020[22]. - The net cash flow from operating activities was -¥5,836,247.92, reflecting a decrease of 31.92% compared to -¥8,572,988.38 in 2020[22]. - The total assets at the end of 2021 were ¥1,107,026,221.38, down 8.37% from ¥1,208,171,080.30 at the end of 2020[22]. - The basic earnings per share for 2021 was -¥0.19, a 9.52% improvement from -¥0.21 in 2020[22]. - The weighted average return on equity was -5.21% in 2021, showing a slight increase of 0.11 percentage points from -5.32% in 2020[22]. - The company reported non-recurring gains of ¥10,443,440.19 in 2021, compared to ¥5,108,723.58 in 2020[26]. - The operating cost increased to 208.52 million yuan, up 18.97% from 175.28 million yuan in the previous year[43]. - The company’s cash flow from operating activities was -5.84 million yuan, an improvement of 31.92% from -8.57 million yuan year-on-year[43]. - The company reported a total of 192.32 million yuan in performance metrics for the executives as of June 2022[79]. Operational Highlights - The company achieved a recovery in operational performance, reaching 90% of 2019's performance levels[34]. - The company managed to receive over 280,000 visitors at newly managed scenic spots, enhancing regional industry integration and competitiveness[36]. - The hotel, rated 4.93, ranked first among similar hotels in the region, indicating strong customer satisfaction and service quality[36]. - The company launched over 10 new tourism products, including "Heavenly Lake Wedding" and "Volcano Sunrise," to adapt to new market trends[36]. - The company established a standardized management system for transportation, ensuring zero safety incidents and major tourist complaints throughout the year[34]. - The company expanded its transportation services, launching 12 new tourist routes to enhance connectivity within the 2-hour tourism economic circle[34]. - The company collaborated with over 50 hotels and travel agencies to strengthen market product cooperation and enhance tourism offerings[36]. Risk Management and Governance - The company has disclosed potential risks in its future development discussions, urging investors to pay attention to investment risks[4]. - The company is focused on continuous improvement in governance and quality management, receiving recognition as a "Demonstration Unit for Consumer Confidence" in the tourism industry[34]. - The company emphasizes the importance of corporate governance, establishing a clear structure with a shareholders' meeting, board of directors, supervisory board, and senior management to ensure effective operations[71]. - The company is committed to enhancing its internal control and risk management systems to safeguard investor interests[71]. - The company has implemented measures to maintain the independence of its assets, personnel, and operations, ensuring compliance with relevant regulations[73]. - The company has established a robust investor relations management framework to ensure transparent communication with stakeholders[71]. Future Outlook and Strategic Initiatives - The company plans to achieve a revenue of 360 million yuan and a net profit of 4.1417 million yuan in 2022[66]. - The company aims to enhance its internal transportation system to support over 10,000 daily visitors during peak periods by integrating with the national high-speed rail network[66]. - The company is focused on expanding its ice and snow tourism offerings, including diverse activities such as skiing, snow culture experiences, and winter hunting[66]. - The company is actively pursuing new technology research and development to enhance operational efficiency and customer experience[81]. - There is an ongoing strategy for mergers and acquisitions to strengthen market position and diversify offerings[81]. - The company aims to improve its financial performance by optimizing operational costs and increasing revenue streams through enhanced service offerings[81]. Social Responsibility and Community Engagement - The company actively fulfilled its social responsibilities by promoting the integration and upgrading of the cultural tourism industry, focusing on ecological protection and sustainable development[112]. - The company has successfully helped all 14 impoverished households in its designated support village achieve poverty alleviation without signs of returning to poverty[115]. - The company reported zero COVID-19 infections among its employees during the pandemic, with significant participation in local pandemic control efforts[115]. Shareholder Commitments and Transparency - The company is committed to cash dividends and actively returns profits to investors, ensuring timely and accurate information disclosure to all shareholders[115]. - The company will compensate investors for losses incurred due to false records or misleading statements in the prospectus, initiating compensation procedures within five trading days after such determination[153]. - The company has pledged to adhere to market principles in all related party transactions and sign agreements to protect shareholder interests[127]. - The company will ensure that related party transactions do not harm the legitimate interests of shareholders[128]. - The company will disclose specific reasons for any failure to fulfill commitments and apologize to investors, actively accepting social supervision[165].

Financial Performance - The company's operating revenue for Q3 2021 was ¥109,455,701.17, representing a 48.17% increase compared to the same period last year[6]. - The net profit attributable to shareholders for Q3 2021 was ¥42,044,718.80, a significant increase of 132.84% year-over-year[6]. - The basic earnings per share for Q3 2021 was ¥0.16, reflecting a 128.57% increase compared to the same period last year[8]. - Total operating revenue for the first three quarters of 2021 was CNY 158,307,299.38, compared to CNY 98,500,324.08 in the same period of 2020, representing a year-over-year increase of approximately 60.9%[32]. - Net profit for the third quarter of 2021 was CNY -26,709,715.48, compared to CNY -39,701,220.70 in the same quarter of 2020, showing an improvement of approximately 32.5%[36]. - The basic earnings per share for the third quarter of 2021 was CNY -0.10, compared to CNY -0.15 in the same quarter of 2020, indicating an improvement in earnings performance[36]. Assets and Liabilities - The total assets at the end of the reporting period were ¥1,136,745,701.98, a decrease of 5.91% from the end of the previous year[8]. - The company's total current assets as of September 30, 2021, amount to ¥236,927,875.53, a decrease from ¥268,967,079.55 at the end of 2020, representing a decline of approximately 11.9%[24]. - The total assets of the company as of September 30, 2021, are ¥1,136,745,701.98, down from ¥1,208,171,080.30 at the end of 2020, indicating a decrease of about 5.9%[27]. - The company's total liabilities as of September 30, 2021, amount to ¥68,141,464.23, compared to ¥107,324,874.28 at the end of 2020, showing a decrease of about 36.5%[27]. - The total liabilities as of the end of the reporting period were CNY 145,812,279.25, down from CNY 191,140,087.41 at the end of the previous period, reflecting a decrease of about 23.7%[32]. - The total equity attributable to shareholders of the parent company was CNY 990,933,422.73, compared to CNY 1,017,030,992.89 in the previous period, a decrease of approximately 2.6%[32]. Cash Flow - The net cash flow from operating activities for the year-to-date was ¥18,118,212.59[6]. - Cash inflow from operating activities for the first three quarters of 2021 was CNY 177,555,813.88, compared to CNY 117,724,320.81 in the same period of 2020, representing an increase of approximately 50.9%[38]. - Net cash flow from operating activities for the first three quarters of 2021 was CNY 18,118,212.59, a significant recovery from a net outflow of CNY -2,837,840.32 in the same period of 2020[38]. - Cash inflow from investment activities totaled CNY 11,306,985.75 in the first three quarters of 2021, down from CNY 49,428,016.43 in the same period of 2020, indicating a decrease of approximately 77.1%[41]. - Net cash flow from investment activities was CNY 4,735,692.23 in the first three quarters of 2021, compared to a net outflow of CNY -47,203,054.59 in the same period of 2020, showing a significant improvement[41]. - Cash inflow from financing activities was CNY 22,142,512.88 in the first three quarters of 2021, while cash outflow for financing activities was CNY 39,989,333.31, resulting in a net cash flow of CNY -17,846,820.43[41]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 16,594[18]. - The largest shareholder, Jilin Province Changbai Mountain Development Construction (Group) Co., Ltd., holds 158,533,060 shares, accounting for 59.45% of the total shares[18]. Business Operations - The company's main business income increased by 60.72% due to a rise in tourist numbers as the pandemic situation improved[15]. - The investment income increased by 215.39% due to holdings in government bonds[15]. - The company reported a 364.92% increase in business tax expenses, attributed to tax relief in the previous period[15]. - The company has no reported new products or technologies in the current quarter[20]. - There are no significant market expansion or acquisition strategies mentioned in the report[20]. Expenses - Total operating costs for the first three quarters of 2021 amounted to CNY 190,498,187.20, up from CNY 143,998,628.27 in 2020, indicating a year-over-year increase of about 32.3%[32]. - The company reported a financial expense of CNY 2,910,646.76 for the third quarter of 2021, down from CNY 3,312,439.67 in the same quarter of 2020, representing a decrease of about 12.1%[32]. - Research and development expenses were reported but not quantified in the provided data, indicating ongoing investment in innovation[32].

Financial Performance - The company's operating revenue for the first half of 2021 was ¥48,851,598.21, representing a 98.34% increase compared to ¥24,630,476.20 in the same period last year[18]. - The net profit attributable to shareholders of the listed company was -¥68,754,434.28, a decrease of 19.04% from -¥57,758,538.59 in the previous year[18]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥69,944,801.23, reflecting a 17.01% increase in losses compared to -¥59,774,792.20 last year[18]. - The net cash flow from operating activities was -¥41,210,787.17, showing a 5.04% improvement from -¥43,399,643.79 in the previous year[18]. - The company's operating revenue for the first half of 2021 was CNY 48.85 million, an increase of 98.34% compared to CNY 24.63 million in the same period last year[32]. - The net profit for the period was a loss of CNY 68.75 million, worsening by 19.04% from a loss of CNY 57.76 million in the previous year[32]. - The company reported a net profit of ¥369,629,965.93 for the first half of 2021, down from ¥423,943,611.99 in the same period of 2020, a decrease of approximately 12.8%[168]. - The total comprehensive income for the first half of 2021 was a loss of CNY 68,754,434.28, compared to a loss of CNY 57,758,538.59 in the same period of 2020[173]. Assets and Liabilities - Total assets decreased by 9.00% to ¥1,099,480,476.81 compared to the previous year[20]. - The net assets attributable to shareholders decreased by 6.71% to ¥948,787,334.38 compared to the previous year[20]. - Total assets at the end of the reporting period amounted to CNY 1.10 billion, a decrease of 9.00% from CNY 1.21 billion at the beginning of the year[32]. - The company's total liabilities decreased to ¥138,487,903.16 from ¥177,525,929.65, a reduction of approximately 22%[168]. - The total assets of the company as of June 30, 2021, were ¥1,142,529,947.68, down from ¥1,235,370,844.46 at the end of 2020, indicating a decline of about 7.5%[168]. - The company's long-term borrowings were RMB 74,297,866.88, down from RMB 80,437,244.45, indicating a decrease of approximately 7.1%[159]. Cash Flow - The cash inflow from operating activities for the first half of 2021 was CNY 52,485,606.81, compared to CNY 35,022,408.42 in the same period of 2020, representing a year-over-year increase of approximately 50%[183]. - The cash inflow from sales of goods and services was CNY 50,376,192.99, significantly higher than CNY 24,453,703.98 in the first half of 2020, marking an increase of approximately 105%[183]. - The total cash inflow from investment activities was CNY 1,002,000.00, a significant decrease from CNY 49,428,016.43 in the previous year[185]. - The ending cash and cash equivalents balance as of the end of the first half of 2021 was CNY 78,836,859.83, down from CNY 156,606,550.04 at the end of the first half of 2020[185]. Operational Highlights - The company holds exclusive operating rights for tourist transportation in three scenic areas of Changbai Mountain, enhancing its competitive advantage in the tourism sector[27]. - The company is actively expanding its online travel agency capabilities, integrating technology with traditional travel services[27]. - The tourism industry in China is recovering steadily, with increasing consumer confidence and favorable policies supporting growth[27]. - The company operates five wholly-owned subsidiaries, all of which experienced declines in performance due to the COVID-19 pandemic[39]. Shareholder Information - The total number of ordinary shareholders reached 16,116 by the end of the reporting period[144]. - Jilin Changbai Mountain Development and Construction Group Co., Ltd. holds 59.45% of the shares, totaling 158,533,060 shares[144]. - The company has pledged 79,266,530 shares held by Jilin Changbai Mountain Development and Construction Group Co., Ltd.[144]. Commitments and Compliance - The company has made a long-term commitment to ensure compliance with legal requirements and to protect shareholder interests[86]. - The company will take measures to ensure timely and adequate disclosure of any failure to fulfill commitments, including an apology to investors and acceptance of social supervision[100]. - The company will not engage in public refinancing if it fails to fulfill its commitments[102]. - The company’s board members and senior management have committed to strict adherence to their promises, with penalties for any violations that result in losses to investors[106].

2021 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 2021 年第一季度报告 1 / 19 2021 年第一季度报告 一、 二、 11Í 四、 目录 | --- | |----------------| | | | 重要提示 . | | 公司基本情况 . | | 重要事项 . | | 附录 . | 2 / 19 2021 年第一季度报告 单位：元 币种：人民币 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昆及会计机构负责人（会计主管人员）刘晓薇保证 季度报告中财务报表的真实、准确、完整。 1.4 本公司第一季度报告未经审计。 二、 公司基本情况 2.1 主要财务数据 | --- | --- | --- | --- | --- | |-------------------------------------------------|----------- ...

Financial Performance - The net profit attributable to shareholders for 2020 was -55,785,352.56 CNY, with distributable profits amounting to 383,129,690.07 CNY[4] - The company will not distribute cash dividends for the year 2020, opting to retain undistributed profits for operational and investment needs[4] - In 2020, the company's operating revenue was CNY 147,596,718.85, a decrease of 68.41% compared to CNY 467,196,177.44 in 2019[22] - The net profit attributable to shareholders was a loss of CNY 55,785,352.56 in 2020, down 174.12% from a profit of CNY 75,259,381.62 in 2019[22] - The basic earnings per share in 2020 was -0.21 CNY, a decrease of 175% compared to 0.28 CNY in 2019[22] - The weighted average return on equity decreased by 12.52 percentage points to -5.32% in 2020 from 7.20% in 2019[22] - The total assets at the end of 2020 were CNY 1,208,171,080.30, down 8.17% from CNY 1,315,694,562.31 at the end of 2019[22] - The net cash flow from operating activities was -8,572,988.38 CNY in 2020, a decline of 106.94% from CNY 123,503,823.29 in 2019[22] - The company reported a total of CNY 5,108,723.58 in non-recurring gains and losses for 2020[26] - The company experienced a significant decline in net profit, with a loss of CNY 16,084,131.86 in Q4 2020, compared to a profit in previous quarters[24] Operational Strategy - The company is focusing on enhancing its operational strategies and market expansion efforts in the coming year[4] - The company has outlined potential risks in the "Discussion and Analysis of Operating Conditions" section of the annual report[4] - The company has exclusive operating rights for transportation in three scenic areas of Changbai Mountain, enhancing its competitive advantage in tourism transportation[32] - The hotel management segment, in collaboration with InterContinental Hotels Group, has established the Crowne Plaza brand, which has become a landmark hotel in the region[32] - The company is actively developing new hot spring projects to align with post-pandemic tourism market demands[37] - The company is focusing on developing a diverse range of tourism products, including sports, wellness, and educational tourism, to meet changing market demands[62] - The company aims for a revenue target of 348.78 million CNY and a net profit of 17.35 million CNY for 2021, focusing on resource integration and service quality improvement[62] Financial Management - The company has not indicated any plans for capital reserve transfers to increase share capital for 2020[4] - The company has committed to not engaging in similar business activities as its controlling shareholders, ensuring no competition arises[74] - The company will support the repurchase of shares to stabilize stock prices and fulfill obligations related to increasing holdings in the company's stock[82] - The company will initiate a buyback program within five trading days if the prospectus is found to contain false statements or omissions, with the buyback price based on the market price at that time[86] - The company will compensate investors for any losses caused by violations of commitments[92] - The company will ensure that any earnings from violations will be returned to the company, compensating for any losses incurred by investors[94] Governance and Compliance - The company has implemented a comprehensive management system to ensure safety and service standards, positioning itself as a leader in scenic area management[32] - The company is enhancing its governance structure to improve decision-making and ensure compliance with financial management regulations[62] - The company has appointed independent directors with extensive backgrounds in finance and law to strengthen governance[140] - The company adheres to the governance requirements set by the China Securities Regulatory Commission, ensuring effective implementation of decision-making and supervisory rights[157] - The company did not report any risks identified by the supervisory board during the reporting period[161] Social Responsibility - The company actively fulfilled social responsibilities, focusing on environmental protection and sustainable development, implementing energy-saving and pollution prevention measures[114] - The company supported 14 impoverished households in Xisan Village, achieving complete poverty alleviation without signs of relapse[114] - The company organized donation activities for employees facing severe illnesses or disasters, ensuring all employees achieved poverty alleviation[114] - The company reported zero COVID-19 infections among employees during the pandemic, showcasing effective preventive measures[114] Shareholder Information - The total number of ordinary shareholders reached 16,491 by the end of the reporting period, an increase from 16,182[121] - The largest shareholder, Jilin Province Changbai, held 158,533,060 shares, representing 59.45% of total shares, with 79,266,530 shares pledged[121] - The company has a history of cash dividend distributions, with a cash dividend of RMB 0.43 per share in 2019, amounting to RMB 11,466,810.00, representing 15.24% of the net profit attributable to shareholders[71] Audit and Internal Control - The company has reported a standard unqualified audit opinion from Xinyong Zhonghe Accounting Firm[4] - The internal control audit was also conducted by Xinyong Zhonghe Accounting Firm with a fee of 200,000 RMB[105] - The internal control audit report issued by Xinyong Zhonghe Accounting Firm confirmed that the company maintained effective financial reporting internal controls as of December 31, 2020[164] - There were no significant deficiencies in internal controls reported during the audit period[168] Market Conditions and Risks - The tourism industry is highly sensitive to macroeconomic conditions, and a slowdown in economic growth could adversely affect disposable income and tourism demand, impacting revenue and profit growth[67] - Seasonal fluctuations significantly affect the company's performance, with over 60% of annual tourist numbers and revenue concentrated in the third quarter[67] - The company faces risks related to price adjustments for transportation and heating services, which require approval from regulatory authorities, limiting its ability to respond to rising costs due to inflation[67] - The tourism industry is vulnerable to unexpected events such as natural disasters and pandemics, which can severely impact operational performance[67]

Financial Performance - Net profit attributable to shareholders was CNY -39,701,220.70, representing a decline of 148.33% year-on-year[17] - Operating revenue for the first nine months was CNY 98,500,324.08, down 74.45% from the same period last year[17] - Basic earnings per share were CNY -0.15, a decline of 148.39% year-on-year[17] - The company reported a significant decline in both revenue and profit due to the impact of external factors[17] - The company's net profit for Q3 2020 was CNY 18,057,317.89, a significant decrease compared to CNY 105,624,499.58 in Q3 2019, reflecting a decline of approximately 83.9%[50] - The company's total profit for Q3 2020 was CNY 18,004,429.88, down from CNY 132,188,027.23 in Q3 2019, representing a decline of approximately 86.4%[50] - The company reported a net profit margin decline due to reduced revenue and increased operational costs, impacting overall profitability[43] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,230,458,417.62, a decrease of 6.48% compared to the end of the previous year[17] - The total assets as of September 30, 2020, amounted to CNY 1,254,736,378.86, compared to CNY 1,321,796,293.60 at the end of 2019, reflecting a decrease of approximately 5.1%[43] - The total liabilities as of September 30, 2020, were CNY 181,854,008.37, down from CNY 206,791,720.23 at the end of 2019, showing a reduction of about 12.1%[43] - The total liabilities decreased to ¥196,212,948.73 from ¥233,651,599.48 in the previous year[36] - The company reported a 332.32% increase in non-current liabilities due within one year, amounting to ¥42,488,000.00 compared to ¥9,828,000.00 at the beginning of the year[26] Cash Flow - The net cash flow from operating activities was CNY -2,837,840.32, a decrease of 101.72% compared to the previous year[17] - Cash flow from operating activities showed a net outflow of 2,837,840.32 RMB, a significant decline from a net inflow of 164,804,289.66 RMB in the previous period[60] - Total cash inflow from operating activities was 89,955,857.81 RMB, down 73.4% from 338,189,715.71 RMB in the previous year[63] - Cash outflow from operating activities totaled 93,666,317.72 RMB, a decrease of 41.0% compared to 158,453,988.68 RMB in 2019[63] - The company recorded investment cash inflows of 49,428,016.43 RMB, while investment cash outflows were 96,631,071.02 RMB, resulting in a net cash outflow of 47,203,054.59 RMB[60] Shareholder Information - The total number of shareholders at the end of the reporting period was 17,255[22] - The largest shareholder, Jilin Changbai Mountain, held 59.45% of the shares[22] Government Subsidies - Government subsidies recognized in the current period amounted to CNY 3,222,116.46[19] - The company received government subsidies related to operations, contributing to other income of ¥2,238,835.27, an increase of 391.53% compared to ¥455,481.66 in the previous year[26] Operational Costs and Expenses - The main business cost for Q3 2020 was ¥114,406,598.96, down 49.68% from ¥227,345,940.60 in the previous year[26] - Total operating costs for Q3 2020 were CNY 58,832,884.67, down from CNY 125,440,959.54 in Q3 2019, indicating a reduction of about 53.1%[43] - The company experienced a significant reduction in sales expenses, which were ¥3,877,514.81, down 64.80% from ¥11,014,146.87 in the previous year[26] - Sales expenses for Q3 2020 were CNY 2,041,183.98, down 56.2% from CNY 4,655,393.76 in Q3 2019[53] - Management expenses for Q3 2020 were CNY 4,988,254.45, a decrease of 41.5% compared to CNY 8,569,590.60 in Q3 2019[53] Future Outlook - The company is focusing on market expansion and new product development to recover from the revenue decline experienced in 2020[43] - Future guidance indicates a cautious outlook with expectations of gradual recovery in revenue as market conditions improve[43]

Financial Performance - The company's operating revenue for the first half of 2020 was CNY 24.63 million, a decrease of 80.90% compared to CNY 128.97 million in the same period last year [26]. - The net profit attributable to shareholders was a loss of CNY 57.76 million, representing a 145.93% increase in loss compared to a loss of CNY 23.49 million in the previous year [26]. - The net cash flow from operating activities was a negative CNY 43.40 million, a significant decline of 586.51% compared to a negative CNY 6.32 million in the same period last year [26]. - The total assets at the end of the reporting period were CNY 1,224.72 million, down 6.91% from CNY 1,315.69 million at the end of the previous year [26]. - The basic earnings per share for the first half of 2020 was -CNY 0.22, a decrease of 144.44% compared to -CNY 0.09 in the same period last year [26]. - The weighted average return on equity decreased by 3.12 percentage points to -5.48% from -2.36% in the previous year [26]. - The company reported non-recurring gains of CNY 3.41 million, primarily from government subsidies related to normal business operations [26]. - The company reported a total comprehensive loss of CNY 49,308,373.21 for the first half of 2020, reflecting the ongoing financial challenges [116]. Operational Challenges - The company faced significant operational challenges due to the COVID-19 pandemic, leading to a complete closure of the Changbai Mountain scenic area from January 24 to February 22, 2020 [26]. - The company has five wholly-owned subsidiaries, all of which reported declines in performance due to the COVID-19 pandemic [34]. - Seasonal fluctuations significantly impact revenue, with over 60% of annual income generated during the peak third quarter [34]. - The company experienced a significant decrease in cash received from sales of goods and services, totaling CNY 24,453,703.98, down from CNY 116,334,841.53 in the same period last year [120]. Corporate Governance and Compliance - The company’s board of directors and management have confirmed the accuracy and completeness of the financial report, assuming legal responsibility for any misstatements [4]. - The company has not faced any significant risks that could materially impact its operations during the reporting period [4]. - The company has not provided any guarantees in violation of regulatory decision-making procedures [4]. - The company has established a long-term commitment to ensure the accuracy and completeness of its disclosures [63]. - The company will actively disclose any failure to fulfill commitments and apologize to investors [67]. - The company has committed to cooperate with the board and supervisory board in case of any breaches of commitments [64]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 18,601 [82]. - The largest shareholder, Jilin Province Changbai Mountain Development Construction (Group) Co., Ltd., held 158,533,060 shares, accounting for 59.45% of total shares [82]. - The company did not propose any profit distribution or capital reserve fund transfer plan for the half-year period [40]. - The company committed to repurchase all newly issued shares if the prospectus is found to contain false records or misleading statements by regulatory authorities [54]. Assets and Liabilities - Total assets decreased from ¥1,315,694,562.31 to ¥1,224,715,461.38, a decline of approximately 6.9% [98]. - Total liabilities decreased from ¥233,651,599.48 to ¥197,891,189.48, a decline of about 15.3% [98]. - Total equity attributable to shareholders decreased from ¥1,082,042,962.83 to ¥1,026,824,271.90, a reduction of approximately 5.1% [98]. - The company's cash and cash equivalents as of June 30, 2020, were approximately ¥157.55 million, down from ¥231.52 million at the end of 2019, representing a decrease of 32% [93]. Accounting Policies - The accounting policies are based on the actual production and operational characteristics of the company [172]. - The company follows the enterprise accounting standards, ensuring that the financial statements reflect its financial status accurately [173]. - Financial assets are classified based on the business model and cash flow characteristics, including those measured at amortized cost and fair value [181]. - The group employs a cost method for accounting long-term equity investments in subsidiaries [196]. Cash Flow Management - Cash flow from operating activities showed a net outflow of CNY -43,399,643.79, compared to a smaller outflow of CNY -6,321,753.85 in the previous year [120]. - The company received CNY 22,142,512.88 in cash from borrowings during the financing activities, slightly up from CNY 21,811,011.63 in the prior year [122]. - The total cash and cash equivalents at the end of the period stood at CNY 156,606,550.04, compared to CNY 132,021,851.29 at the end of the previous year [122]. - The company received CNY 3,090,808.35 in tax refunds, a significant increase from CNY 291,220.52 in the previous year, indicating improved cash flow management [120].

Financial Performance - Operating revenue fell by 71.87% to CNY 13,860,851.84 year-on-year[12] - Net profit attributable to shareholders was a loss of CNY 29,454,440.24, representing a 17.27% increase in loss compared to the same period last year[12] - The diluted earnings per share was -CNY 0.11, a decrease of 22.22% compared to the previous year[12] - The company reported a total comprehensive income of -29,454,440.24 RMB, which is a decrease from -25,115,737.20 RMB year-over-year[46] - Operating profit was reported at -30,403,231.94 RMB, compared to -25,065,209.80 RMB in the previous year, showing a worsening of around 21%[44] - The company reported a total comprehensive income of -25,408,157.71 RMB, compared to -22,284,247.03 RMB in the previous year, indicating a decline in overall financial performance[52] Cash Flow - Net cash flow from operating activities was negative at CNY -26,173,757.44, worsening from CNY -11,326,245.81 in the previous year[12] - Total cash inflow from operating activities was 24,930,813.89 RMB, down 62.4% from 66,323,069.38 RMB in the same period last year[52] - Cash outflow from operating activities reached 51,104,571.33 RMB, a decrease of 34.2% compared to 77,649,315.19 RMB in Q1 2019[52] - The company experienced a net cash flow from investing activities of -35,257,906.58 RMB, compared to -24,824,373.71 RMB in Q1 2019, reflecting increased investment expenditures[54] - The company secured 16,970,512.88 RMB in cash from financing activities, an increase from 8,580,000.00 RMB in Q1 2019, indicating improved financing efforts[54] - The net cash flow from financing activities was 15,423,832.03 RMB, up from 7,826,425.84 RMB in the previous year, showing a positive trend in financing[54] Assets and Liabilities - Total assets decreased by 3.77% to CNY 1,266,086,547.47 compared to the end of the previous year[12] - Total liabilities decreased from ¥233,651,599.48 to ¥212,167,138.15, a reduction of approximately 9.5%[34] - Total equity attributable to shareholders decreased from ¥1,082,042,962.83 to ¥1,053,919,409.32, a decline of about 2.6%[34] - Total current assets decreased from ¥224,114,379.77 to ¥199,428,860.25, a decline of about 11%[38] - Non-current assets decreased from ¥1,097,681,913.83 to ¥1,086,937,342.95, a decrease of approximately 1%[38] Shareholder Information - The total number of shareholders at the end of the reporting period was 19,227[19] - The largest shareholder, Jilin Changbai Mountain Development Construction Group Co., Ltd., holds 59.45% of the shares[19] Government Support and Subsidies - The company received government subsidies amounting to CNY 1,318,695.88, which are closely related to its normal business operations[15] Business Operations - The company's main business revenue decreased by 71.87% to ¥13,860,851.84 compared to ¥49,277,171.74 in the previous period due to reduced business activities caused by the COVID-19 pandemic[22] - The company's main business cost decreased by 38.35% to ¥37,689,091.51 from ¥61,137,702.28 in the previous period, attributed to the reduction in business activities[22] - Cash received from sales and services decreased by 66.33% to ¥15,518,862.48 from ¥46,097,175.12, due to a decline in operating income[25] - Cash received from other operating activities decreased by 65.81% to ¥6,915,113.67 from ¥20,225,894.26, as there were no prior year resource compensation fees received[25] Employee Compensation - Employee compensation payable decreased by 41.37% to ¥26,274,447.70 from ¥44,814,021.95, as performance bonuses were paid out[22] Financial Expenses - The company incurred financial expenses of 1,106,039.53 RMB, which is a substantial increase from 180,074.18 RMB, marking an increase of over 500%[44] Tax Liabilities - The tax expenses for the quarter were 313,574.64 RMB, compared to 3,593.80 RMB in the previous year, indicating a significant increase in tax liabilities[44] Future Plans - The company has plans for market expansion and new strategies, although specific details were not disclosed in the report[44]

Financial Performance - In 2019, the company achieved a net profit attributable to shareholders of RMB 75,259,381.62, representing an increase of 11.28% compared to RMB 67,629,928.01 in 2018[5]. - The company's operating revenue for 2019 was RMB 467,196,177.44, a slight increase of 0.66% from RMB 464,141,015.84 in 2018[20]. - Basic earnings per share increased by 12% to CNY 0.28 in 2019 compared to CNY 0.25 in 2018[21]. - Weighted average return on equity rose to 7.20% in 2019, up from 6.90% in 2018, an increase of 0.30 percentage points[21]. - The company's total revenue for the year was 300,943,588.96 yuan, a decrease of 0.92% compared to the previous year[44]. - The company reported a net profit of CNY 105,624,499.58 in the third quarter, marking a significant recovery from a loss in the first quarter[23]. - The company's total comprehensive income for 2019 was CNY 75,259,381.62, up from CNY 67,629,928.01 in 2018, marking a growth of 11.9%[163]. Assets and Liabilities - The total assets of the company increased by 3.93% to RMB 1,315,694,562.31 in 2019, up from RMB 1,265,927,656.21 in 2018[20]. - The net assets attributable to shareholders at the end of 2019 were RMB 1,082,042,962.83, reflecting a growth of 7.02% from RMB 1,011,067,018.83 at the end of 2018[20]. - Total liabilities decreased to RMB 206,791,720.23 in 2019 from RMB 223,600,687.01 in 2018, a reduction of about 7.5%[159]. - The company's equity attributable to shareholders rose to RMB 1,082,042,962.83, compared to RMB 1,011,067,018.83, marking an increase of 7.03%[156]. - Cash and cash equivalents increased to RMB 231,522,818.24 from RMB 171,668,838.67, a growth of 34.83%[154]. Cash Flow - The cash flow from operating activities for 2019 was RMB 123,503,823.29, which is a significant increase of 23.39% compared to RMB 100,092,274.69 in 2018[20]. - The total cash flow from operating activities in 2019 was CNY 465,708,979.25, slightly down from CNY 468,499,143.80 in 2018[167]. - The net cash outflow from investing activities was CNY -70,368,940.56, compared to CNY -123,848,104.97 in the previous year, indicating an improvement of about 43%[169]. - Cash flow from financing activities generated a net inflow of CNY 7,689,074.36, a significant decrease from CNY 82,859,123.73 in 2018, representing a decline of approximately 90%[169]. Dividend Policy - The company plans to distribute a cash dividend of RMB 0.43 per 10 shares, totaling RMB 11,466,810.00, which accounts for 15.24% of the net profit for the year[5]. - The company has established a cash dividend policy to ensure a stable return to investors, as approved in the 2017 shareholder meeting[68]. - In 2018, the cash dividend was RMB 0.26 per 10 shares, amounting to RMB 6,933,420.00, representing 10.25% of the net profit of RMB 67,629,928.01[70]. Operational Strategy - The company continues to focus on expanding its tourism services and enhancing its operational efficiency in the coming years[6]. - The company is transitioning from traditional travel agency services to an online travel agency model, integrating technology with professional service capabilities[30]. - The company plans to enhance its transportation integration and management output to improve surrounding tourism quality and resource integration[61]. - The company intends to develop a series of winter tourism products centered around snow activities, leveraging its travel agency platform[63]. Risk Management - The management has outlined potential risks in the annual report, advising investors to pay attention to these risks[7]. - The company faces risks related to the expiration of operating permits, macroeconomic changes, and seasonal fluctuations in tourism demand[66]. Corporate Governance - The company has established a commitment to ensure that its former executives do not engage in competitive activities for six months after leaving their positions[75]. - The company has a governance structure that complies with the requirements of the China Securities Regulatory Commission[132]. - The company has not faced any penalties from securities regulatory authorities in the past three years[125]. Employee Management - The company has established a series of employee management systems to ensure the protection of employee rights and promote a harmonious labor relationship[97]. - The company has implemented various employee welfare initiatives, including health and safety measures, and has organized sports activities to enhance employee well-being[97]. - The total number of employees in the parent company is 794, and in major subsidiaries, it is 543, resulting in a total of 1,337 employees[126]. Audit and Compliance - The company has received a standard unqualified audit report from its accounting firm, indicating the financial statements are accurate and complete[8]. - The internal control audit report confirmed that the company maintained effective financial reporting internal controls as of December 31, 2019[135]. - The company has complied with the new financial instrument standards effective from January 1, 2019, with no impact on the financial statements[86].

2019 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 2019 年第三季度报告 1 / 29 2019 年第三季度报告 一、 重要提示 二、 公司基本情况. 11[ 重要事项 四、 附录 目录 2 / 29 2019 年第三季度报告 单位：元 币种：人民币 3 / 29 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、 公司基本情况 2.1 主要财务数据 | --- | --- | --- | --- | |-------------------------------------------------|------------------------------|--------------------------------- ...