证券代码：603136 证券简称：天目湖 公告编号：2023-035 江苏天目湖旅游股份有限公司 关于参加旅游酒店行业上市公司集体业绩说明会的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 重要内容提示： 网络直 播地 址： 上 海证券 交易 所 上 证 路演中 心平 台（ 网 址： https://roadshow.sseinfo.com/） 会议召开形式：现场互动+视频直播+网络文字互动 投资者可于 2023 年 9 月 25 日（星期一）17:00 前将关注的问题提前 发送至公司邮箱 yw@tmhtour.com 向公司提问，公司将在说明会上就投资者普遍 关注的问题进行回答。 江苏天目湖旅游股份有限公司已于 2023 年 8 月 31 日在上海证券交易 所网站披露了《2023 年半年度报告》及《2023 年半年度报告摘要》。为加强与 投资者沟通，推进公司高质量发展，公司拟于 2023 年 9 月 26 日参加由上海证券 交易所主办的 2023 年半年度旅游酒店行业集体业绩说明会。 一、说明会类型 本次业绩说明 ...

Financial Performance - The company's operating revenue for the first half of 2023 reached ¥283,034,061.68, a significant increase of 219.11% compared to ¥88,696,027.21 in the same period last year[21]. - The net profit attributable to shareholders of the listed company was ¥62,432,885.01, recovering from a loss of ¥53,680,841.85 in the previous year[21]. - The net cash flow from operating activities was ¥117,671,253.80, compared to a negative cash flow of ¥35,634,868.07 in the same period last year[21]. - Basic earnings per share for the reporting period (1-6 months) is CNY 0.34, compared to CNY -0.29 in the same period last year, indicating a significant recovery[22]. - The company reported a total non-recurring gains and losses of CNY 3,147,885.42 after tax adjustments[23]. - The total operating revenue for the first half of 2023 reached RMB 283,034,061.68, a significant increase from RMB 88,696,027.21 in the same period of 2022, representing a growth of approximately 219.5%[129]. - The net profit for the first half of 2023 was RMB 73,171,815.43, a turnaround from a net loss of RMB 57,015,977.06 in the same period of 2022[130]. - The earnings per share (EPS) for the first half of 2023 was RMB 0.34, compared to a loss per share of RMB -0.29 in the first half of 2022[130]. Asset and Equity Management - The net assets attributable to shareholders of the listed company increased by 5.14% to ¥1,248,796,895.36 from ¥1,187,696,914.61 at the end of the previous year[21]. - Total assets rose by 3.63% to ¥1,632,213,671.23 from ¥1,575,028,838.41 at the end of the previous year[21]. - The company's equity increased to ¥1,354,078,153.96 from ¥1,285,039,242.79, representing a growth of approximately 5.4%[122]. - The total equity attributable to the parent company at the end of the previous year was 1,285,030,000[142]. - The total equity at the end of the current period was 1,354,070,000[143]. Operational Efficiency - The company has implemented a performance management system based on key performance indicators (KPIs) to improve operational efficiency[46]. - The company has introduced the "Amoeba Management" system to encourage employee participation in management and drive continuous innovation[47]. - The company has a stable management team with extensive experience in tourism management, contributing to its competitive advantage in the industry[39]. - The company has implemented a robust customer satisfaction system, continuously improving service quality and operational standards[39]. Market and Business Development - The domestic tourism market has shown a strong recovery, with search engine data indicating a significant increase in tourism-related searches compared to last year[25]. - The company is actively exploring market expansion opportunities and innovative strategies to enhance its brand and operational efficiency[35]. - The company has expanded its brand recognition from the Yangtze River Delta to a national level, becoming one of the few national 5A-level tourist attractions in China[42]. - The company is focusing on expanding its product offerings, including new tourism experiences like the South Mountain Bamboo Sea rafting and Tianmu Lake night dining shows[50]. - The company is actively involved in the development of local culinary experiences, promoting regional dishes and enhancing the cultural tourism aspect[29]. Risk Management - The company has outlined potential risks in the "Management Discussion and Analysis" section of the report[7]. - The company faces risks related to market competition, particularly in the Yangtze River Delta region, where tourism resources are abundant and competition is intense[72]. - The company acknowledges the potential impact of natural disasters and pandemics on visitor numbers and revenue[74]. - Changes in national tourism policies and economic conditions can impact consumer spending on tourism, affecting the company's performance[75]. Environmental and Social Responsibility - The company has implemented measures to reduce carbon emissions, including the use of electric new energy boats and sightseeing vehicles[87]. - The company has committed to sustainable development practices, avoiding harmful ecological exploitation in its scenic areas[83]. - The company has a functioning love fund to support employees in need, providing assistance for major illnesses and poverty relief[88]. - The company is actively participating in government initiatives for rural revitalization and has conducted multiple promotional activities to enhance local economic development[88]. Compliance and Governance - The board of directors confirmed that the financial report is true, accurate, and complete, with no significant omissions or misleading statements[4]. - The company guarantees that its IPO prospectus does not contain any false statements or misleading information, and will repurchase shares if any significant omissions are found[93]. - The company has committed to timely and accurate disclosure of information regarding related party transactions[92]. - The company has pledged to avoid any related party transactions that could harm the interests of shareholders, ensuring fair and reasonable pricing[92]. Future Outlook - The company has set a future outlook with a revenue guidance of 2.5 billion RMB for the full year, indicating a projected growth of 20%[98]. - New product launches are expected to contribute an additional 300 million RMB in revenue by the end of the year[100]. - The company is expanding its market presence in Southeast Asia, targeting a 10% market share by 2025[99].

证券代码：603136 证券简称：天目湖 公告编号：2023-019 江苏天目湖旅游股份有限公司 关于召开 2022 年度业绩与利润分配网上说明会的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、 误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承 担个别及连带责任。 重要内容提示： 会议召开时间：2023 年 5 月 12 日（周五）15:00-16:00 会议召开形式：网上文字互动 网站： 上 海 证 券 报 · 中 国 证 券 网 路 演 中 心 （https://roadshow.cnstock.com/） 会议问题征集：投资者可于 2023 年 5 月 10 日 17:00 前将相关问题通 过电子邮件方式发送至邮箱 yw@tmhtour.com。公司将在说明会上对投资者普遍 关注的问题,在信息披露允许的范围内进行回答。 一、说明会类型 公司已于 2023 年 4 月 28 日在《上海证券报》和上海证券交易所网站 www.sse.com.cn 披露公司 2022 年年度报告及 2022 年度利润分配预案。 为使广大投资者更加全面、深入地了解公司情况，公司决定召开 2022 年度 ...

Financial Performance - The company achieved a net profit of CNY 21,164,899.10 for the year 2022, with a statutory surplus reserve of CNY 605,520.91 deducted, resulting in an accumulated undistributed profit of CNY 390,657,813.99 at year-end[8]. - The parent company reported a net profit of CNY 6,055,209.11 for 2022, with a statutory surplus reserve of CNY 605,520.91, leading to an accumulated undistributed profit of CNY 139,674,331.69[8]. - The board of directors proposed no cash dividend distribution or capital reserve transfer for the 2022 fiscal year[8]. - In 2022, the company achieved operating revenue of CNY 368,571,764.49, a decrease of 11.96% compared to 2021[26]. - The net profit attributable to shareholders was CNY 20,306,941.93, down 60.57% from the previous year[26]. - The basic earnings per share decreased to CNY 0.11, a decline of 60.71% compared to CNY 0.28 in 2021[27]. - The weighted average return on equity fell to 1.72%, a decrease of 3.03 percentage points from 2021[27]. - The company reported a net cash flow from operating activities of CNY 113,867,149.49, down 16.88% from the previous year[26]. - The company’s scenic business revenue decreased by 30.73%, with a gross margin reduction of 15.27 percentage points[98]. - The water park business saw a revenue increase of 258.47%, with a gross margin improvement of 186.7 percentage points[98]. - The hotel business revenue increased by 15.26%, but the gross margin decreased by 10.88 percentage points[98]. - The company reported a net profit attributable to shareholders of 20,306,941.93 yuan for the year 2022[174]. - The company decided not to distribute cash dividends or increase capital reserves due to external pressures affecting the tourism industry[174]. Corporate Governance - The company maintains a strong commitment to corporate governance and transparency in its financial disclosures[10]. - The board of directors consists of professionals with expertise in law, accounting, and industry, contributing to high-quality decision-making[152]. - The company has implemented a stable cash dividend policy, aligning with its articles of association and shareholder resolutions[152]. - The company actively engages with minority shareholders to ensure their rights and interests are protected[151]. - The company has not reported any significant differences in governance practices compared to regulatory requirements[153]. - The company has established a dedicated information disclosure network to ensure timely and accurate communication with stakeholders[152]. - The company has not faced any penalties from securities regulatory agencies in the past three years, indicating compliance[161]. - The company held five board meetings in 2022, with all directors attending each meeting in person[162]. - The audit committee consists of Zhang Yan, Li Shuxiang, and Fu Lei, ensuring oversight of financial reporting[163]. - The company has implemented a performance management system based on key performance indicators (KPIs) to drive continuous improvement and innovation[91]. Strategic Development - The company emphasizes a commitment to innovation and the development of a multi-layered innovation ecosystem[3]. - The company plans to continue leveraging new media channels to meet customized tourist demands and increase revenue[36]. - The company is focused on enhancing customized services and high-quality cultural tourism offerings[14]. - The company has developed a comprehensive tourism business model, integrating travel agency services and customized tourism products to meet diverse market demands[66]. - The company emphasizes a "one-stop tourism" strategy, focusing on product diversity and system service, which has proven advantageous in market recovery[74]. - The company aims to enhance its tourism platform through continuous investment and resource integration to become a world-class tourist destination[131]. - The company plans to leverage its market advantages in the Yangtze River Delta to meet the diverse tourism needs of high-quality customer groups[132]. - The company focuses on five major economic urban clusters for strategic expansion, aiming to enhance profitability and risk resistance through asset-light and asset-heavy approaches[133]. - The company is committed to developing a "one-stop tourism" destination, leveraging its unique ecological resources to attract visitors[141]. Market and Operational Insights - The tourism market is experiencing significant changes, with a growing demand for high-quality and diverse travel experiences, supported by favorable government policies[46]. - The integration of digital technologies is driving the transformation of the tourism industry, enhancing online services and operational efficiency[49]. - The company is aware of the competitive risks in the tourism industry, particularly in the Yangtze River Delta region, where competition for tourist resources is intense[142]. - The company faces market risks related to economic cycles, which significantly impact tourism demand and business performance[140]. - Seasonal fluctuations in business performance are anticipated, with peak operations from March to November and a relative downturn from December to February[144]. - The company must manage risks associated with the renewal of operating licenses for various projects, ensuring compliance with regulatory requirements[145]. - The company will closely monitor national economic policies and tourism regulations to mitigate potential policy risks affecting performance[146]. Social Responsibility and Environmental Initiatives - The company invested 61.59 million yuan in environmental protection during the reporting period[181]. - The company has implemented a centralized wastewater discharge system, ensuring all wastewater is treated at the Tianmu Lake sewage treatment plant[184]. - The company has established a management system for forest resources and strictly enforces it[186]. - The company donated a total of 0.98 million yuan to charitable causes during the reporting period[189]. - The company operates a love fund for employees, providing support for serious illnesses and poverty[191]. - The company actively participates in public resource protection and sustainable development initiatives, including forest patrols and resource management[192]. - The company has partnered with impoverished villages to purchase and sell local specialty products, boosting local income[195]. - The company invested a total of 10.66 million yuan in poverty alleviation and rural revitalization projects, specifically purchasing rice from Huangshan Village Committee in Nandu Town[196]. - The company engaged in consumption poverty alleviation, effectively utilizing its operational costs to support rural revitalization efforts[196]. - The company actively participated in government-led tourism and rural revitalization initiatives, enhancing the visibility of Tianmuhu Town and Daibu Town through various promotional activities[196].

本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 2023 年第一季度报告 证券代码：603136 证券简称：天目湖 江苏天目湖旅游股份有限公司 2023 年第一季度报告 重要内容提示 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、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务信息 的真实、准确、完整。 第一季度财务报表是否经审计 □是 √否 一、 主要财务数据 (一)主要会计数据和财务指标 | | | 单位：元 币种：人民币 | | | | --- | --- | --- | --- | --- | | 项目 | 本报告期 | 本报告期比上年同 | | | | | | 期增减变动幅度 | | | | | | | (%) | | | 营业收入 | 120,262,712.55 | | | 114.26 | | 归属于上市公司股东的净利润 | 19,143,856.28 | | | 不适用 | ...

证券代码：603136 证券简称：天目湖 江苏天目湖旅游股份有限公司 2022 年第三季度报告 2022 年第三季度报告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 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、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务 信息的真实、准确、完整。 第三季度财务报表是否经审计 □是 √否 一、 主要财务数据 (一)主要会计数据和财务指标 | 单位：元 币种：人民币 | | --- | | 项目 | 本报告期 | 本报告期比上 年同期增减变 | 年初至报告期末 | 年初至报告期 末比上年同期 | | --- | --- | --- | --- | --- | | | | 动幅度(%) | | 增减变动幅度 | | | | | | (%) | | 营业收入 | 154,144,997.68 | 70.61 | 242,841,024.89 ...

Financial Performance - The basic earnings per share for the first half of 2022 was -0.29 yuan, a decrease of 226.09% compared to 0.23 yuan in the same period last year[20]. - The diluted earnings per share for the first half of 2022 was also -0.29 yuan, reflecting the same percentage decrease of 226.09%[20]. - The weighted average return on net assets decreased to -4.70% from 4.19%, a reduction of 8.89 percentage points[20]. - The company experienced a significant decline in overall performance due to strict pandemic control measures in the Yangtze River Delta region, leading to a decrease in customer traffic[20]. - The basic earnings per share after deducting non-recurring gains and losses was -0.30 yuan, down 236.36% from 0.22 yuan in the previous year[20]. - The weighted average return on net assets after deducting non-recurring gains and losses was -4.95%, a decrease of 8.99 percentage points from 4.04%[20]. - The company reported a notable decline in performance compared to the same period last year due to the prolonged impact of COVID-19[20]. - The company's operating revenue for the first half of the year was ¥88,696,027.21, a decrease of 60.99% compared to ¥227,344,738.48 in the same period last year[22]. - The net profit attributable to shareholders was a loss of ¥53,680,841.85, representing a decline of 225.51% from a profit of ¥42,771,181.41 in the previous year[22]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of ¥56,616,949.39, down 237.43% from ¥41,196,973.99 in the same period last year[22]. - The net cash flow from operating activities was a negative ¥35,634,868.07, a decrease of 151.02% compared to ¥69,848,593.00 in the previous year[22]. - The company's total assets decreased by 7.80% to ¥1,477,158,261.29 from ¥1,602,115,283.96 at the end of the previous year[22]. - The net assets attributable to shareholders decreased by 4.70% to ¥1,114,720,301.07 from ¥1,169,667,880.19 at the end of the previous year[22]. Tourism Development - The company is focused on developing a one-stop tourism model and has created a diverse range of tourism projects, enhancing the integration of the industry value chain[26]. - The company has established a strong customer base with high repeat consumption rates, indicating a sustainable tourism business model[26]. - The domestic tourism market is gradually recovering, with a shift towards short-distance and high-frequency travel experiences due to the pandemic[25]. - The company is actively expanding its tourism offerings, including scenic spots, theme parks, and various hotel services, to enhance visitor experiences[26]. - The company has developed a comprehensive tourism product line that includes personalized, exclusive, and niche offerings to meet diverse market demands[33]. - The company operates a one-stop tourism model that emphasizes product synergy, market diversification, and systematic service, which has proven advantageous during the pandemic[35]. - The company has established a strong operational capability in tourism resource development, ensuring all projects are successfully launched and remain profitable[38]. - The company has a well-defined customer satisfaction system that has undergone three iterations, enhancing service product design and organizational structure[37]. - The company has launched various innovative family-oriented travel products, including summer and winter camps, to cater to changing market demands[34]. - The company has integrated red-themed tourism activities with ecological innovation to promote party spirit and community engagement[34]. - The company has focused on local market strategies to adapt to pandemic-related travel restrictions, offering experiential products like camping and tea ceremonies[34]. - The company emphasizes a strong headquarters operational model that effectively combines product design and business operations for successful project development[39]. - The company has a stable management team with extensive market experience, contributing to its competitive advantage in the tourism industry[40]. - The company has successfully expanded its market reach beyond day trips to include multi-day leisure and vacation destinations[36]. Government Collaboration and Strategic Partnerships - The company has formed a strategic partnership with the government, with the government becoming the second-largest shareholder, enhancing operational support[43]. - The government and the company are collaborating on major projects, including the launch of the Tianmu Lake Animal Kingdom project, which is a key development initiative[45]. - The company has signed a cooperation agreement with a state-owned entity to establish the Tianmu Lake Animal Kingdom project, which is expected to enhance the competitiveness of tourism in the Yangtze River Delta region[50]. Financial Management and Cost Control - The company has established a revenue management team to optimize income and cost management, focusing on dynamic revenue management for key business segments[51]. - The company has reduced financial expenses by 98.39%, from ¥2,045,992.04 to ¥33,026.41, mainly due to the absence of convertible bond interest accruals from the previous year[57][58]. - The company has accelerated its internet marketing transformation, focusing on building a private domain PGC 2.0 matrix and enhancing content production quality on self-media platforms[52]. - The company reported an investment income of ¥1,221,309.31, an increase of 253.82% compared to ¥345,178.37 in the previous year, attributed to increased financial management returns[57]. Compliance and Governance - The company does not plan to distribute profits or increase capital reserves in the first half of 2022[82]. - The company guarantees that it will not lend funds to shareholders or related parties in any form[92]. - The company will ensure timely and accurate information disclosure regarding any related party transactions[92]. - The company reported no significant non-operating fund occupation by controlling shareholders or related parties during the reporting period[95]. - There were no major lawsuits or arbitration matters involving the company during the reporting period[96]. - The company maintained a good integrity status during the reporting period, with no significant dishonesty issues reported[96]. - The company has no significant related party transactions during the reporting period[97]. Market Conditions and Risks - The tourism industry is significantly affected by macroeconomic conditions, with a direct correlation between economic performance and tourism demand[72]. - The company faces risks related to seasonal fluctuations in business performance, with peak seasons from March to November and a relative downturn from December to February[74]. - The ongoing impact of the COVID-19 pandemic continues to pose risks to the company's operational performance[74]. - The company is committed to monitoring national economic policies and tourism-related regulations to mitigate potential risks to its business[76]. Shareholder Information - As of the end of the reporting period, the total number of ordinary shareholders was 16,079[105]. - The largest shareholder, Meng Guangcai, holds 64,904,200 shares, accounting for 34.84% of the total shares[107]. - The second-largest shareholder, Liyang City Urban Construction Development Group Co., Ltd., holds 21,634,700 shares, representing 11.61% of the total shares[107]. - The company has a total of 8,794.5 million yuan in cumulative rental payments due by 2032 from the land leasing contracts[101]. - The company has a pledge status for 1,450,000 shares held by shareholder Shi Yaofeng[107]. - The company has a total of 2,540,000 shares pledged by shareholder Fang Jiao[107]. Asset Management - The company reported a total of 301,837,811.82 RMB in current assets as of June 30, 2022, down from 430,183,864.06 RMB at the beginning of the period, indicating a decrease of approximately 29.8%[115]. - Cash and cash equivalents decreased from 402,506,439.19 RMB to 261,869,764.13 RMB, representing a decline of about 34.9%[115]. - The company’s inventory increased from 6,483,530.99 RMB to 7,495,249.97 RMB, reflecting an increase of approximately 15.6%[115]. - The company’s long-term equity investments rose from 18,476,640.89 RMB to 26,777,657.86 RMB, marking an increase of about 45.0%[115]. - The company’s fixed assets decreased slightly from 925,974,556.98 RMB to 915,731,980.04 RMB, a reduction of approximately 1.3%[115]. Accounting Policies - The company includes all subsidiaries in the consolidated financial statements, including controlled entities and structured entities[162]. - The accounting policies and reporting periods of the parent and subsidiaries are unified for the preparation of consolidated financial statements[162]. - Internal transactions between the company and its subsidiaries are eliminated in the consolidated financial statements[162]. - The company recognizes minority interests in the equity section of the consolidated balance sheet[162]. - The company adjusts capital reserves and retained earnings for the disposal of long-term equity investments in subsidiaries[163].

Financial Performance - The company achieved a net profit of ¥60,634,037.01 for the year 2021, with a statutory surplus reserve of ¥1,460,552.28 deducted, resulting in an accumulated undistributed profit of ¥370,956,392.97[11] - The parent company reported a net profit of ¥14,605,522.84 for 2021, with a statutory surplus reserve of ¥1,460,552.28, leading to an accumulated undistributed profit of ¥134,224,643.49[11] - In 2021, the company achieved operating revenue of CNY 418.64 million, a year-on-year increase of 11.86%[38] - The net profit attributable to shareholders was CNY 51.50 million, a decrease of 6.17% compared to the previous year[38] - The net profit after deducting non-recurring gains and losses was CNY 42.78 million, an increase of 51.66% year-on-year[38] - The company's total assets at the end of 2021 were CNY 1,602.12 million, a slight decrease of 0.43% from the previous year[37] - The basic earnings per share for 2021 were CNY 0.28, down 15.15% from CNY 0.33 in 2020[38] - The net cash flow from operating activities was CNY 136.99 million, a decrease of 13.83% from the previous year[38] - Operating costs increased by 17.93% to 209.21 million RMB, primarily due to the operational costs associated with new projects[85] - Tax and additional charges increased by 518.39% to 5.28 million RMB, mainly due to the non-continuation of pandemic-related tax exemptions[85] Corporate Governance - The company maintained a stable cash dividend policy, ensuring clarity in the dividend standards and procedures, with a total cash dividend of 515.47 million yuan for the reporting period[178] - The total number of shares held by directors and senior management increased from 7,502.88 million shares at the beginning of the year to 8,715.70 million shares at the end of the year, reflecting a net increase of 1,212.82 million shares[178] - The company held three shareholder meetings during the reporting period, with all resolutions passed, including the approval of the 2020 annual report and the profit distribution plan[176] - The independent directors provided clear opinions on various matters, contributing to the company's scientific decision-making process[173] - The company has established a dedicated information disclosure network to ensure timely and accurate communication with stakeholders[173] - The board of directors and supervisory board effectively maintained the legal rights of shareholders, ensuring compliance with relevant laws and regulations[173] - The company has not encountered any significant differences in governance compared to regulatory requirements, ensuring adherence to corporate governance standards[174] - The company’s independent directors possess expertise in law, accounting, and industry, enhancing the quality of oversight and decision-making[173] - The company has taken measures to maintain independence from its controlling shareholders in various aspects, including personnel and financial operations[175] - The company held its second extraordinary general meeting of shareholders on February 8, 2021, completing the election of the new board of directors and supervisory board[182] Market Strategy and Operations - The company operates in the tourism sector, focusing on cultural and leisure activities, with a strategic emphasis on market expansion and new product development[21] - The company launched new projects, including the Yutian Lake Hotel, enhancing its vacation product chain[39] - The company focused on marketing innovation, leveraging high-quality products and online marketing strategies to expand its audience[40] - The company actively explored niche markets, such as customized tourism and educational travel, to increase market share[41] - The company collaborated with government initiatives to enhance brand image and drive traffic to destinations[42] - The company has established a one-stop tourism model, integrating various tourism services and enhancing its competitive edge in the industry[46] - The company has formed a loyal customer base with high repeat consumption rates, contributing to a sustainable tourism operation model[50] - The company has introduced new tourism experiences, including rural tourism, red tourism, and cultural heritage tourism, to meet evolving market demands[45] - The company has expanded its business to include comprehensive tourism services, covering scenic spots, hot springs, theme parks, and hotels[50] - The company has integrated commercial operations, providing a one-stop shopping experience for tourists through its commercial planning and management[63] Challenges and Risks - The tourism industry is expected to shift towards high-quality development, with a focus on diverse and high-quality consumer demands[140] - The trend of weekend travel is returning, with a preference for local and nearby destinations becoming a new characteristic of tourism[144] - The tourism industry is significantly influenced by the macroeconomic development level and disposable income changes, which can lead to cyclical fluctuations in the company's business performance[157] - The company operates in a highly competitive tourism market in the Yangtze River Delta, where rapid transportation development increases competition for tourist sources[159] - Seasonal fluctuations in business performance are expected, with peak operations from March to November and a relative downturn from December to February[163] - Changes in national tourism policies and economic policies can affect consumer spending on tourism, which may impact the company's performance[165] - Safety risks associated with the operation of special equipment and potential accidents could harm the company's reputation and operational capabilities[166] - The company's stock price may deviate from its intrinsic value due to market conditions, investor sentiment, and macroeconomic factors, posing risks to investors[167] Future Plans - The company aims to become a practitioner of the "one-stop tourism model" in China, focusing on consolidating its base and deepening its presence in the Yangtze River Delta region[147] - The company plans to enhance its tourism platform through continuous investment and integration of tourism resources, targeting the Tianmu Lake tourism resort to become a "world-class tourist resort"[148] - The company will focus on expanding its scale and enriching differentiated product offerings to create a one-stop tourism destination in the Yangtze River Delta region[148] - The company intends to leverage mergers and acquisitions to quickly enter markets and replicate the Tianmu Lake one-stop tourism model[150] - The company is committed to improving management and service quality while ensuring pandemic prevention measures are in place[154] - The company will enhance its online smart platform and membership system to meet tourists' needs throughout their travel experience[154] - The company aims to strengthen brand influence and maintain growth in visitor traffic to its scenic areas[155] - The company plans to accelerate its internet marketing transformation and improve its revenue management system[155]

Financial Performance - The company's operating revenue for Q1 2022 was ¥56,130,080.16, representing a decrease of 28.05% compared to the same period last year[5]. - The net profit attributable to shareholders was a loss of ¥21,490,257.14, with a diluted earnings per share of -¥0.12[5]. - Total operating revenue for Q1 2022 was CNY 56,130,080.16, a decrease of 28.0% compared to CNY 78,014,046.12 in Q1 2021[15]. - Net profit for Q1 2022 was a loss of CNY 22,470,126.39, compared to a loss of CNY 3,280,225.82 in Q1 2021, representing a significant increase in losses[16]. - The company's equity attributable to shareholders decreased to CNY 1,148,177,623.05 in Q1 2022 from CNY 1,169,667,880.19 in Q1 2021, a decline of 1.8%[13]. - Basic and diluted earnings per share for Q1 2022 were both CNY -0.12, compared to CNY -0.03 in Q1 2021[17]. Assets and Liabilities - The total assets at the end of Q1 2022 were ¥1,528,779,862.43, down 4.58% from the end of the previous year[6]. - The company's total assets decreased to CNY 1,528,779,862.43 in Q1 2022 from CNY 1,602,115,283.96 in Q1 2021, a decline of 4.6%[13]. - Total liabilities decreased to CNY 285,097,737.62 in Q1 2022 from CNY 333,163,032.76 in Q1 2021, a reduction of 14.4%[13]. Cash Flow - The net cash flow from operating activities was -¥19,667,983.80, indicating a significant cash outflow[5]. - The cash outflow from investing activities was $66,615,769.54, slightly down from $68,184,060.78 in Q1 2021, resulting in a net cash outflow of $66,587,989.54[20]. - The total cash and cash equivalents at the end of Q1 2022 were $312,766,221.58, down from $409,006,905.73 at the end of Q1 2021[21]. - The company reported a significant decrease in cash flow from operating activities, indicating potential challenges in revenue generation[20]. - The company received $2,080,649.14 in tax refunds during Q1 2022, while other cash received related to operating activities was $4,068,237.43, up from $3,736,472.92 in Q1 2021[20]. Shareholder Information - The company had a total of 7,792 common shareholders at the end of the reporting period[8]. - The largest shareholder, Meng Guangcai, held 34.84% of the shares, totaling 64,904,200 shares[8]. Operational Insights - The company reported non-recurring gains and losses totaling ¥993,387.10 for the period[7]. - The company did not disclose any new product developments or market expansion strategies during the reporting period[10]. - The financial results reflect a need for strategic adjustments to improve cash flow and operational efficiency moving forward[20]. - There were no mergers or acquisitions reported during the period[18].

Financial Performance - The company's operating revenue for Q3 2021 was ¥90,348,689.05, a decrease of 26.69% compared to the same period last year[2] - The net profit attributable to shareholders for Q3 2021 was ¥1,139,294.10, down 97.03% year-on-year[2] - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2021 was -¥1,191,590.42, a decrease of 103.54% compared to the previous year[2] - Year-to-date operating revenue reached ¥317,693,427.53, an increase of 41.90% compared to the same period last year[2] - Year-to-date net profit attributable to shareholders increased by 58.20% to ¥43,910,475.51[2] - Total revenue for Q3 2021 reached 73,768,639.41 CNY, a 72% increase compared to 42,861,548.61 CNY in Q3 2020[17] - Net profit for Q3 2021 was 52,655,805.75 CNY, up 63% from 32,256,008.46 CNY in the same period last year[17] - Operating profit for Q3 2021 was 73,759,564.26 CNY, representing a 72% increase from 42,937,882.14 CNY in Q3 2020[17] - Earnings per share for Q3 2021 were 0.24 CNY, compared to 0.16 CNY in Q3 2020, reflecting a 50% increase[18] Cash Flow and Assets - The net cash flow from operating activities for the year-to-date period was ¥112,778,295.22, up 106.11% year-on-year[4] - The company's cash and cash equivalents were CNY 416,794,613.57 as of September 30, 2021, down from CNY 545,580,244.86 at the end of 2020, representing a decline of 23.5%[12] - Total cash and cash equivalents at the end of Q3 2021 were 409,233,832.75 CNY, down from 507,644,885.35 CNY at the end of Q3 2020[22] - The company reported a significant increase in sales revenue from 259,135,287.30 CNY in the first nine months of 2020 to 363,126,279.64 CNY in the same period of 2021, marking a growth of approximately 40%[20] Liabilities and Equity - The total assets at the end of the reporting period were ¥1,556,283,396.13, a decrease of 3.28% from the end of the previous year[3] - The total liabilities decreased to CNY 306,198,181.74 as of September 30, 2021, from CNY 562,588,160.67 at the end of 2020, indicating a reduction of 45.6%[14] - The equity attributable to shareholders of the parent company increased to CNY 1,154,244,454.47 as of September 30, 2021, compared to CNY 951,960,418.48 at the end of 2020, reflecting a growth of 21.3%[14] - The company's short-term borrowings decreased to CNY 80,000,000.00 as of September 30, 2021, down from CNY 135,000,000.00 at the end of 2020, a reduction of 40.7%[13] - The company's accounts payable decreased to CNY 40,947,608.61 as of September 30, 2021, from CNY 70,223,020.04 at the end of 2020, a decline of 41.6%[13] - The company reported a decrease in non-current liabilities to CNY 83,349,319.36 as of September 30, 2021, from CNY 238,962,547.25 at the end of 2020, a decrease of 65.2%[14] Challenges and Market Conditions - The company faced challenges in Q3 2021 due to COVID-19 outbreaks and typhoons, impacting revenue during the peak summer season[5] Shareholder Changes - The company completed the transfer of 21,634,700 shares from its controlling shareholder, reducing his shareholding from 86,538,900 shares to 64,904,200 shares, which is 34.84% of the total share capital[9] - The new shareholder, Liyang Urban Construction Development Group Co., Ltd., now holds 21,634,700 shares, representing 11.61% of the total share capital[9] Accounting Standards and Reporting - The company has implemented new leasing standards effective January 1, 2021, impacting financial statements without significant effects on financial condition or cash flows[25] - Non-current assets totaled ¥1,026,057,580.70 as of the third quarter of 2021, reflecting an increase of ¥55,717,557.81 due to the adoption of new leasing standards[24]