Financial Performance - The company reported a net profit attributable to shareholders of -13,699,375.21 CNY for the year 2022, with an ending undistributed profit of 702,627,589.29 CNY[6]. - The parent company achieved a net profit of -15,503,340.52 CNY for 2022, with an ending undistributed profit of 547,087,645.41 CNY[6]. - The company reported a total revenue of CNY 332.04 million in 2022, a decrease of 22% compared to CNY 425.67 million in 2021[24]. - The net profit attributable to shareholders was CNY -13.70 million, representing a decline of 122.63% from CNY 60.52 million in the previous year[24]. - The basic earnings per share (EPS) was CNY -0.12, down 121.82% from CNY 0.55 in 2021[25]. - The cash flow from operating activities was CNY 48.75 million, a decrease of 59.42% compared to CNY 120.13 million in 2021[24]. - The company's total assets at the end of 2022 were CNY 1.48 billion, a slight decrease of 0.90% from CNY 1.49 billion in 2021[24]. - The weighted average return on equity (ROE) was -1.09%, down 5.92 percentage points from 4.83% in 2021[25]. - The net profit after deducting non-recurring gains and losses was CNY -23.68 million, a decline of 149.82% from CNY 47.53 million in 2021[24]. - The company achieved operating revenue of CNY 332,035,509.62, a decrease of 22.00% year-on-year[47]. - The net profit attributable to shareholders was CNY -13,699,375.21, a decline of 122.63% compared to the previous year[47]. - Total assets at the end of the reporting period were CNY 1,477,711,399.93, down 0.90% from the end of the previous year[47]. Dividend Policy - The board of directors proposed no cash dividend distribution for the year 2022, nor any capital reserve transfer to share capital[6]. - The company has established a cash dividend policy, ensuring that at least 20% of the distributable profit is allocated to cash dividends annually from 2020 to 2022[136]. - For the year 2022, the company proposed not to distribute cash dividends or transfer capital reserves to increase share capital[136]. Operational Challenges - The company faced significant challenges in 2022 due to macroeconomic changes and the tourism market environment, impacting its overall performance[32]. - In 2022, domestic tourism totalled 2.04 trillion yuan, a decrease of 30.00% year-on-year, with total tourist numbers dropping by 7.16 billion to 2.53 billion, a decline of 22.10%[39]. - The company is focused on maintaining its financial stability and addressing operational challenges in the tourism sector[6]. Strategic Initiatives - The company aims to build a comprehensive tourism complex in the Chizhou region, focusing on high-quality development and strategic leadership[32]. - The company is focusing on transforming its hotel offerings and enhancing user-oriented services to diversify its revenue structure[34]. - The company is advancing the construction of major projects, including the Wen Zong Ancient Village and the Jiuhua Mountain Transportation Conversion Center, to enhance its competitive position in the tourism market[37]. - The company is implementing a digital upgrade strategy, enhancing its digital operation capabilities and integrating various tourism resources through its WeChat platform[34]. - The company is actively pursuing national tourism demonstration zone creation and the integration of the Yangtze River Delta region to optimize tourism resource allocation[37]. - The company is committed to high-quality development through the implementation of state-owned enterprise reform measures and enhancing governance efficiency[35]. Governance and Compliance - The board of directors and supervisory board members confirmed the authenticity, accuracy, and completeness of the annual report[5]. - The company has established a transparent information disclosure system, designating the Shanghai Securities Journal for announcements, ensuring fair access to information for all shareholders[93]. - The company has maintained independence from its controlling shareholder in operations, personnel, assets, and finances, with no reported infringement on shareholder interests[92]. - The company has implemented a risk management framework to enhance its internal control systems and mitigate various operational risks[38]. - The audit report issued by Rongcheng Accounting Firm was a standard unqualified opinion[5]. Market Position and Growth - The company is positioned in the core scenic area of Jiuhua Mountain, covering the entire tourism industry chain, which strengthens its market dominance[41]. - The company is actively participating in the development of the Huainan International Cultural Tourism Demonstration Zone, aiming to establish itself as a key tourism destination[74]. - The company is expanding its business to surrounding areas, reducing reliance on the core tourist resources of Jiuhua Mountain[45]. - The company is exploring potential acquisitions to diversify its portfolio and strengthen its market position[105]. Employee and Community Engagement - The company focuses on enhancing employee well-being, providing a safe work environment, and conducting regular health check-ups, thereby fostering a harmonious labor relationship[146]. - The company actively participates in charitable activities, encouraging employees to engage in community service and environmental initiatives[147]. - The company has implemented a multi-level training mechanism for employees, focusing on management, technical, and frontline service personnel[133]. Future Outlook - The company expects a revenue of 580 million yuan and a net profit of 100 million yuan for the year 2023[81]. - The company plans to develop new products focusing on customized tours, health retreats, and family-friendly offerings[78]. - The company is committed to integrating digital technologies such as AI, big data, and cloud computing into its tourism services[84]. - The company has set a revenue target of 1.5 billion RMB for 2023, aiming for a growth rate of 25%[105]. - Future strategies include increasing investment in sustainable tourism initiatives to attract eco-conscious travelers[105].

Financial Performance - The company's operating revenue for Q1 2023 was CNY 192,039,330.03, representing a year-on-year increase of 136.96%[3] - Net profit attributable to shareholders was CNY 61,854,357.96, with a basic and diluted earnings per share of CNY 0.5589[3] - Total operating revenue for Q1 2023 reached ¥192,039,330.03, a significant increase from ¥81,044,624.53 in Q1 2022, representing a growth of approximately 137.5%[15] - Net profit for Q1 2023 was ¥61,854,357.96, a turnaround from a net loss of ¥5,549,005.73 in Q1 2022, marking a substantial improvement[16] - Operating profit for Q1 2023 was ¥82,871,101.19, compared to a loss of ¥6,655,759.65 in the same period last year[16] - Basic and diluted earnings per share for Q1 2023 were ¥0.5589, a significant improvement from a loss per share of ¥0.0501 in Q1 2022[17] Cash Flow - The net cash flow from operating activities was CNY 63,288,969.40, attributed to revenue growth[5] - Cash flow from operating activities for Q1 2023 was ¥63,288,969.40, recovering from a negative cash flow of ¥42,511,982.95 in Q1 2022[21] - The company reported a total cash inflow from operating activities of ¥194,059,871.82 in Q1 2023, compared to ¥84,921,097.24 in Q1 2022[21] - Cash and cash equivalents increased to CNY 110,077,984.96 from CNY 85,920,987.42, reflecting a growth of approximately 28%[10] - Cash and cash equivalents at the end of Q1 2023 totaled ¥101,077,984.96, up from ¥44,866,723.05 at the end of Q1 2022[22] - Investment activities generated a net cash outflow of ¥47,901,971.86 in Q1 2023, compared to a net inflow of ¥26,291,318.91 in Q1 2022[21] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,518,263,759.61, an increase of 2.74% compared to the end of the previous year[4] - The company's current assets totaled CNY 328,953,643.48, down from CNY 438,785,314.90 at the end of 2022, indicating a decrease of about 25%[10] - Accounts receivable rose significantly to CNY 13,879,630.17 from CNY 2,709,860.03, marking an increase of about 413%[10] - The total liabilities decreased to CNY 212,709,626.03 from CNY 233,981,964.41, a reduction of approximately 9%[12] - The company's equity attributable to shareholders increased to CNY 1,305,554,133.58 from CNY 1,243,729,435.52, showing a growth of about 5%[12] - The non-current assets totaled CNY 1,189,310,116.13, up from CNY 1,038,926,085.03, indicating an increase of about 14.5%[11] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 13,309[7] - The largest shareholder, Anhui Jiuhua Mountain Cultural Tourism Group Co., Ltd., holds 32.63% of the shares[7] Future Plans - The company plans to continue expanding its market presence and developing new products and technologies[2] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[16] Miscellaneous - The company reported non-recurring gains and losses totaling CNY 2,116,154.49 for the period[4] - The inventory remained stable at CNY 6,996,882.76, slightly down from CNY 7,006,225.75[11] - The company reported a decrease in accounts payable from CNY 87,190,483.83 to CNY 66,959,875.54, a decline of approximately 23%[11] - The company has not disclosed any significant new strategies or product developments during the reporting period[9]

Financial Performance - The company's operating revenue for the third quarter was ¥137,732,459.06, an increase of 77.37% compared to the same period last year[5]. - The net profit attributable to shareholders was ¥33,911,874.53, a significant decrease of 98.04% year-on-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥30,430,652.29, down 116.76% year-on-year[5]. - Basic earnings per share for the third quarter were ¥0.3064, compared to ¥0.0089 in the same period last year, reflecting a decrease of 98.05%[6]. - Total operating revenue for the first three quarters of 2022 was CNY 257,119,863.63, a decrease of 21.0% compared to CNY 325,755,471.90 in the same period of 2021[20]. - Net profit for the first three quarters of 2022 was CNY 988,894.15, a significant decline of 98.0% from CNY 50,401,815.39 in 2021[22]. - Earnings per share for the first three quarters of 2022 was CNY 0.0089, down from CNY 0.4554 in the same period of 2021[22]. - The company reported a total comprehensive income of CNY 988,894.15 for the first three quarters of 2022, compared to CNY 50,401,815.39 in 2021[22]. Cash Flow and Investments - The net cash flow from operating activities for the year-to-date was ¥27,162,033.84, a decline of 65.26% compared to the previous year[6]. - The net cash flow from operating activities for Q3 2022 was ¥27,162,033.84, a decrease of 65.3% compared to ¥78,184,946.14 in Q3 2021[25]. - Cash inflow from investment activities totaled ¥720,116,651.58, up 50.4% from ¥479,126,213.57 in the same period last year[25]. - The net cash flow from investment activities improved significantly to ¥89,913,798.56, compared to a negative cash flow of ¥139,745,445.45 in Q3 2021[25]. - The cash and cash equivalents at the end of Q3 2022 increased to ¥159,117,619.49, compared to ¥75,132,759.86 at the end of Q3 2021, marking a growth of 111.4%[26]. - The total cash outflow from financing activities was ¥19,045,600.00, compared to ¥16,602,000.00 in Q3 2021, reflecting an increase of 14.7%[26]. - The company received ¥710,000,000.00 from investment recoveries, which is a significant increase from ¥470,000,000.00 in the previous year[25]. - The cash paid for purchasing fixed assets and other long-term assets was ¥50,202,853.02, up from ¥37,839,755.18 in Q3 2021, indicating a 32.5% increase[25]. - The cash paid for employee compensation was ¥142,103,700.97, slightly up from ¥138,702,887.18 in the same quarter last year[25]. - The company reported a total cash inflow from operating activities of ¥280,720,343.57, down from ¥344,544,010.52 in Q3 2021, a decrease of 18.6%[25]. - The cash flow from financing activities resulted in a net outflow of ¥19,045,600.00, compared to a net outflow of ¥16,602,000.00 in Q3 2021, indicating a worsening of 14.7%[26]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,448,480,662.43, a decrease of 2.86% from the end of the previous year[6]. - Total assets as of September 30, 2022, are ¥1,448,480,662.43, down from ¥1,491,159,466.01 at the end of 2021[17]. - Total liabilities decreased to ¥152,307,298.87 from ¥178,177,929.21 year-over-year[17]. - Total liabilities as of the end of the third quarter of 2022 amounted to CNY 189,808,621.80, down from CNY 215,404,399.74 at the end of 2021[21]. - Total equity attributable to shareholders of the parent company was CNY 1,258,672,040.63, a decrease from CNY 1,275,755,066.27 in the previous year[21]. - Deferred income as of the end of the third quarter of 2022 was CNY 9,755,234.00, down from CNY 10,107,233.00 in 2021[21]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 13,447[13]. - The top 10 shareholders hold a total of 64,000,000 shares, representing 57.92% of the total shares[14]. Non-Recurring Gains and Other Factors - The company reported non-recurring gains of ¥3,481,222.24 for the year-to-date, down from ¥7,747,551.20 in the previous year[10]. - The decline in net profit and earnings per share was primarily attributed to the impact of the COVID-19 pandemic during March to May[11]. - The company experienced a significant increase in revenue in the third quarter due to the low base effect from the previous year's pandemic impact[11]. - The company has not disclosed any new product or technology developments in the current report[15].

证券代码：603199 股票简称：九华旅游 公告编号：临2022-048 安徽九华山旅游发展股份有限公司 关于参加安徽辖区上市公司2022年投资者网上集体 接待日活动的公告 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。 为进一步加强与投资者的互动交流，安徽九华山旅游发展股份有限公司（以 下简称"公司"）将参加由安徽证监局指导、安徽上市公司协会与深圳市全景网 络有限公司联合举办的"2022 年安徽辖区上市公司投资者集体接待日活动"， 现将相关事项公告如下： 本次活动将采用网络远程的方式举行，投资者可登录"全景路演"网站 （http://rs.p5w.net），或关注微信公众号：全景财经，或下载全景路演 APP, 参与本次互动交流，活动时间为 2022 年 9 月 7 日（周三）16：00-17：30。届时 公司高管将在信息披露允许的范围内就投资者普遍关心的问题与投资者进行线 上沟通与交流，欢迎广大投资者踊跃参与！ 特此公告。 安徽九华山旅游发展股份有限公司董事会 2022年9月3日 ...

Financial Performance - The company's operating revenue for the first half of 2022 was ¥119,387,404.57, a decrease of 51.88% compared to ¥248,103,768.34 in the same period last year[19] - The net profit attributable to shareholders for the first half of 2022 was a loss of ¥32,922,980.38, representing a decline of 162.32% from a profit of ¥52,830,659.96 in the previous year[19] - The net cash flow from operating activities was a negative ¥54,069,633.67, a significant decrease from a positive cash flow of ¥48,794,618.36 in the same period last year, marking a decline of 210.81%[19] - Basic earnings per share for the first half of 2022 were -¥0.2975, a decrease of 162.33% compared to ¥0.4773 in the same period last year[20] - The weighted average return on net assets was -2.61%, down 6.81 percentage points from 4.20% in the previous year[20] - The company reported a significant increase in losses, with the net profit excluding non-recurring gains and losses at -¥37,189,309.34, a decline of 181.74% from ¥45,495,301.04 in the previous year[19] - The company achieved a revenue of CNY 119.39 million in the first half of 2022, a decrease of 51.88% year-on-year[30] - The net profit loss was CNY 32.92 million, representing a decline of 162.32% compared to the previous year[30] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,386,039,689.76, down 7.05% from ¥1,491,159,466.01 at the end of the previous year[19] - The net assets attributable to shareholders decreased by 4.02%, from ¥1,275,755,066.27 to ¥1,224,512,830.54[19] - The total liabilities decreased from CNY 215,404,399.74 to CNY 161,526,859.22, a decrease of approximately 25.0%[77] - Current liabilities decreased from CNY 178,177,929.21 to CNY 124,254,651.45, a reduction of about 30.2%[76] - The company's retained earnings decreased from CNY 735,142,564.50 to CNY 683,403,984.12, a decrease of about 7.1%[77] - The total equity attributable to shareholders decreased from CNY 1,275,755,066.27 to CNY 1,224,512,830.54, a decline of approximately 4.0%[77] Cash Flow - The cash flow from operating activities showed a net outflow of ¥54,069,633.67 in the first half of 2022, contrasting with a net inflow of ¥48,794,618.36 in the same period of 2021[88] - The total cash inflow from investment activities was ¥518,856,093.32, an increase from ¥428,524,509.47 in the first half of 2021[89] - The cash flow from financing activities resulted in a net outflow of ¥19,045,600.00 in the first half of 2022, compared to a net outflow of ¥16,602,000.00 in the same period of 2021[89] - The company's cash and cash equivalents at the end of the first half of 2022 amounted to ¥65,788,130.90, an increase from ¥53,475,424.75 at the end of the first half of 2021[89] Operational Strategy - The company operates seven hotels in the core scenic area, dominating the mid-to-high-end market, which is crucial for brand image and service quality[25] - The company has three cable car lines providing stable revenue from sightseeing services, leveraging its unique geographical advantages[25] - The company is focused on creating a comprehensive tourism service system, including hotels, cable cars, and travel agencies[25] - The company is adapting to market changes and enhancing its operational resilience in response to the evolving tourism landscape[23] - The company has established seven specialized teams to enhance operational management and address practical issues in various sectors[33] - The company is actively promoting digital transformation by forming a dedicated team and inviting industry experts for training and insights[33] Market Conditions - The tourism industry is experiencing a recovery phase, with domestic travel gradually resuming, although still below pre-pandemic levels due to ongoing COVID-19 impacts[24] - The company benefits from its strategic location near economically developed regions, which is expected to drive future visitor growth[27] - The company has a significant number of mid-to-high-end hotel rooms in the core scenic area, establishing a leading position in the local market[28] - The company’s passenger transport business holds exclusive rights within the scenic area, integrating various tourism services[28] Shareholder Information - The total number of ordinary shareholders as of the end of the reporting period is 20,499[68] - The largest shareholder, Anhui Jiuhua Mountain Cultural Tourism Group Co., Ltd., holds 36,109,376 shares, accounting for 32.63% of the total shares[69] - Anhui Province High-tech Industry Investment Co., Ltd. holds 16,267,338 shares, representing 14.70% of the total shares[69] - The top ten shareholders collectively hold a significant portion of the company's shares, with the first two shareholders alone accounting for over 47%[69] Compliance and Governance - The company has not faced any administrative penalties due to environmental issues during the reporting period[56] - The company has maintained compliance with environmental regulations, with no incidents of illegal emissions reported[56] - The company has no significant litigation or arbitration matters during the reporting period[61] - The company has not reported any significant new strategies or market expansions in the current financial report[66] Investment and Subsidiaries - The company established a wholly-owned subsidiary, Chizhou Pingtian Conference and Exhibition Co., Ltd., with a registered capital of CNY 1 million during the reporting period[42] - The company has three wholly-owned subsidiaries and one joint venture as of the reporting date[44] - The company reported an investment loss of CNY 10.44 million from its equity investment in Anhui Shitai Tourism Development Co., Ltd. for the reporting period[45] Accounting Policies - The accounting policies followed by the company comply with the requirements of the enterprise accounting standards[117] - The company's accounting period runs from January 1 to December 31 each year[118] - The company prepares consolidated financial statements based on its own and subsidiaries' financial reports, ensuring uniform accounting policies and periods[127]

Financial Performance - The company's operating revenue for Q1 2022 was ¥81,044,624.53, a decrease of 19.48% compared to the same period last year[5]. - The net profit attributable to shareholders was a loss of ¥5,549,005.73, representing a decline of 131.63% year-on-year[5]. - The net cash flow from operating activities was negative at ¥42,511,982.95, a decrease of 288.89% compared to the previous year[5]. - Basic earnings per share were reported at -¥0.0501, down 131.61% from the same period last year[5]. - The company reported a net loss in Q1 2022 due to decreased visitor numbers and revenue caused by tightened pandemic control measures[16]. - The operating profit for Q1 2022 was a loss of ¥6,655,759.65, down from a profit of ¥24,512,755.05 in the same period last year[23]. - The total comprehensive income for Q1 2022 was -¥5,549,005.73, compared to ¥17,541,702.50 in Q1 2021, indicating a substantial decrease[24]. - The company incurred a tax expense of -¥1,176,438.24 in Q1 2022, contrasting with a tax expense of ¥6,811,837.21 in Q1 2021[23]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,431,208,065.23, a decrease of 4.02% from the end of the previous year[7]. - The company’s total liabilities were RMB 160,770,436.07, down from RMB 215,404,399.74, indicating a decrease of approximately 25.4%[21]. - The cash and cash equivalents decreased to RMB 44,866,723.05 from RMB 61,087,387.09, representing a decline of about 26.5%[19]. - Accounts receivable increased significantly to RMB 2,930,765.66 from RMB 916,762.60, marking a rise of approximately 219%[19]. - The total current liabilities decreased to RMB 123,440,022.30 from RMB 178,177,929.21, a reduction of about 30.7%[21]. - Long-term equity investments decreased slightly to RMB 66,496,541.63 from RMB 68,089,898.47, a decline of about 2.3%[20]. - The company’s retained earnings as of March 31, 2022, were RMB 729,593,558.77, slightly down from RMB 735,142,564.50[21]. Revenue and Costs - In Q1 2022, the total operating revenue was RMB 81,044,624.53, a decrease of 19.5% compared to RMB 100,654,908.69 in Q1 2021[22]. - In Q1 2022, the total operating costs increased to ¥89,384,430.48 from ¥82,066,994.41 in Q1 2021, representing an increase of approximately 8.5%[23]. - The revenue from sales of goods and services received in Q1 2022 was ¥83,809,968.69, a decrease from ¥97,913,062.87 in Q1 2021, reflecting a decline of approximately 14.3%[26]. - The total investment cash inflow for Q1 2022 was ¥102,092,407.19, compared to ¥143,128,307.86 in Q1 2021, showing a decrease of about 28.7%[27]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 12,421[13]. - The largest shareholder, Anhui Jiuhua Mountain Cultural Tourism Group Co., Ltd., held 36,109,376 shares, accounting for 32.63% of total shares[13]. Government Subsidies and Future Outlook - The company reported a significant decrease in government subsidies received, impacting other income by 91.43%[9]. - The company plans to implement various measures to mitigate the adverse effects of the pandemic on its operations, although the future business situation remains uncertain[16].

Financial Performance - The company achieved a net profit of CNY 60,523,299.71 for the year 2021, with an undistributed profit of CNY 55,458,351.51[6] - The cumulative undistributed profit reached CNY 735,142,564.50 by the end of 2021[6] - The company's operating revenue for 2021 was CNY 425,669,227.21, an increase of 24.81% compared to CNY 341,043,065.16 in 2020[23] - Net profit attributable to shareholders of the listed company reached CNY 60,523,299.71, reflecting a growth of 10.95% from CNY 54,549,591.87 in the previous year[23] - The basic earnings per share for 2021 was CNY 0.55, up 12.24% from CNY 0.49 in 2020[24] - The weighted average return on equity increased to 4.83% in 2021, compared to 4.49% in 2020, marking an increase of 0.34 percentage points[24] - The net cash flow from operating activities was CNY 120,125,995.86, a rise of 27.26% from CNY 94,391,328.66 in 2020[23] - Total assets at the end of 2021 amounted to CNY 1,491,159,466.01, representing a 3.93% increase from CNY 1,434,839,417.77 at the end of 2020[23] - The net profit after deducting non-recurring gains and losses was CNY 47,526,898.15, which is a 16.53% increase from CNY 40,784,711.25 in 2020[23] - The total equity attributable to shareholders of the listed company increased to CNY 1,275,755,066.27, a growth of 3.58% from CNY 1,231,624,160.24 in 2020[23] Dividend and Shareholder Returns - The board proposed a cash dividend of CNY 1.70 per 10 shares, totaling CNY 18,815,600 to be distributed to shareholders[6] - The company has established a cash dividend policy, ensuring that at least 20% of the distributable profits are allocated as cash dividends to shareholders from 2020 to 2022[128] - In 2021, the company proposed a cash dividend of 1.70 yuan per 10 shares, totaling 18.82 million yuan distributed to shareholders[128] Operational Developments - The company is focusing on consolidating its existing market channels and enhancing digital production capabilities, with a strategy to deepen community marketing and integrate online and offline sales channels[34] - The company has launched an electronic ticketing system to enhance operational efficiency and visitor experience, aligning with 5A scenic area service standards[36] - Key projects include the completion of the forest crossing trail and the western area of the rural complex project, as well as ongoing development of the Lion Peak scenic area[37][38] - The company is actively recruiting high-education talents and enhancing employee training to build a stable talent pool[39] - The company is advancing several key projects, including the Lion Peak Scenic Area project and the Jiuhua Mountain Traffic Conversion Center, to improve visitor services and capacity[85] Market and Industry Outlook - The tourism industry is expected to recover strongly due to government support and improving pandemic conditions, with the company positioned as a leader in the tourism market[42] - The company anticipates a revenue target of 440 million yuan and a net profit of 70 million yuan for the year 2022[79] - The company aims to enhance its core competitiveness by focusing on five key areas: scenic spots, hotels, cable cars, transportation, and rural comprehensive development[78] - The company is committed to developing a digital tourism regional platform and integrating high-quality tourism resources in Jiuhua Mountain and surrounding areas[78] - The company plans to leverage mergers and acquisitions, equity investments, and brand output to enhance sustainable and cross-regional development capabilities[78] Risk Management and Compliance - The management discussed potential risks in the "Management Discussion and Analysis" section, urging investors to pay attention to investment risks[10] - The company has maintained a transparent governance structure, ensuring compliance with relevant laws and regulations while protecting shareholder interests[92] - The company has not faced any objections from the board members regarding company matters during the reporting period[118] - The company has not identified any risks during the supervisory review of the reporting period[122] - The company acknowledges risks from major pandemics and natural disasters that could adversely affect its performance, particularly during peak tourism seasons[87] Employee and Governance - The total number of employees in the parent company and major subsidiaries is 1,740, with 1,429 in the parent company and 311 in subsidiaries[123] - The employee composition includes 884 production personnel, 189 sales personnel, 428 technical personnel, 63 financial personnel, and 176 administrative personnel[123] - The company emphasizes internal equity in its compensation policy, linking employee performance to remuneration to enhance satisfaction[125] - A three-tier training system has been implemented to improve employee skills, with regular assessments and online learning opportunities[126] - The company has maintained a focus on attracting qualified professionals to its board, enhancing its strategic direction[111] Financial Management and Investments - The company has invested CNY 450 million in bank wealth management products, with no overdue amounts[159] - The company has no issues regarding delisting risks or bankruptcy restructuring[152] - The company has maintained a good integrity status with no significant debts or court judgments unfulfilled during the reporting period[152] - The total amount of entrusted financial management by Agricultural Bank of China, Chizhou branch, reached CNY 90 million with an annualized return rate of 1.82%-3.60%, yielding actual returns of CNY 1,970,630.14[162] - The entrusted financial management amount of CNY 100 million by Industrial and Commercial Bank of China, Chizhou branch, had an annualized return rate of 1.50%-3.50%, resulting in actual returns of CNY 2,368,493.15[162] Acquisitions and Mergers - The company acquired 100% equity of Chizhou JiuHua Mountain Hongyuan Tourism Development Co., Ltd. for ¥10,482.13 million through a non-same control merger[58][68] - The company plans to absorb and merge with Chizhou JiuHua Mountain Hongyuan Tourism Development Co., Ltd., as per the board's resolution[116] - The company completed an acquisition of a local tourism firm for 200 million RMB, aimed at enhancing service offerings[101] Environmental and Social Responsibility - The company has not faced any administrative penalties related to environmental issues and has effectively implemented environmental protection measures[137] - The company has actively engaged in social responsibility, ensuring compliance with laws and maintaining ethical business practices[138] - The company provided 20,000 yuan in aid to San Yi Village for poverty alleviation efforts, contributing to infrastructure development[141] - The company emphasizes employee well-being, offering a safe working environment and regular health check-ups[140]

Financial Performance - The company's operating revenue for Q3 2021 was ¥77,651,703.56, a decrease of 39.65% compared to the same period last year[4] - The net profit attributable to shareholders for Q3 2021 was -¥2,428,844.57, a decline of 105.53% year-on-year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥5,174,941.72, down 113.45% compared to the previous year[4] - Year-to-date operating revenue reached ¥325,755,471.90, an increase of 58.44% compared to the same period last year[4] - Year-to-date net profit attributable to shareholders was ¥50,401,815.39, up 303.83% year-on-year[4] - The basic earnings per share for the year-to-date period was ¥0.4554, an increase of 303.72% compared to the previous year[4] - Total operating revenue for the first three quarters of 2021 reached ¥325,755,471.90, a significant increase of 58.4% compared to ¥205,604,939.95 in the same period of 2020[22] - Net profit for the first three quarters of 2021 was ¥50,401,815.39, compared to ¥12,481,070.42 in the same period of 2020, representing a growth of 304.4%[23] - Earnings per share for the first three quarters of 2021 were ¥0.4554, significantly higher than ¥0.1128 in the same period of 2020[23] - The company reported a gross profit of ¥60,164,278.39 for the first three quarters of 2021, compared to ¥5,426,211.32 in the same period of 2020[22] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,465,015,652.39, a 2.10% increase from the end of the previous year[5] - Total assets amounted to ¥1,465,015,652.39, compared to ¥1,434,839,417.77 at the end of 2020[17] - The total liabilities as of the end of the third quarter of 2021 amounted to ¥201,067,765.40, a slight decrease from ¥203,215,257.53 at the end of 2020[22] - Total current liabilities decreased slightly to ¥176,887,239.55 from ¥180,122,297.54 year-over-year[17] - Total equity attributable to shareholders reached ¥1,263,947,886.99, an increase from ¥1,231,624,160.24 in the previous year[22] Cash Flow - The net cash flow from operating activities for the year-to-date period was ¥78,184,946.14, an increase of 1,287.99% year-on-year[4] - The company’s cash flow from operating activities showed a positive trend, indicating improved liquidity and operational efficiency[24] - In the first three quarters of 2021, the cash inflow from operating activities was CNY 344,544,010.52, a significant increase of 62.4% compared to CNY 212,036,092.81 in the same period of 2020[25] - The net cash flow from operating activities reached CNY 78,184,946.14, compared to only CNY 5,632,951.59 in the first three quarters of 2020, indicating a substantial improvement[25] - Cash inflow from investment activities totaled CNY 479,126,213.57, down 28.7% from CNY 671,341,367.06 in the previous year[26] - The net cash flow from investment activities was negative at CNY -139,745,445.45, worsening from CNY -104,553,656.21 in the same period last year[26] - Cash outflow for financing activities was CNY 16,602,000.00, a decrease of 31.7% compared to CNY 24,349,600.00 in 2020[26] - The ending balance of cash and cash equivalents was CNY 75,132,759.86, an increase from CNY 47,688,378.80 at the end of the same period last year[26] Shareholder Information - Total number of common shareholders at the end of the reporting period was 10,162[12] - The largest shareholder, Anhui Jiuhua Mountain Cultural Tourism Group Co., Ltd., holds 36,109,376 shares, accounting for 32.63% of total shares[12] Inventory and Receivables - Accounts receivable increased to ¥7,598,681.60 from ¥1,614,642.23 year-over-year[16] - The company reported a significant increase in inventory, rising to ¥7,330,785.17 from ¥6,653,448.43[16] - The company has a total of 36,369,922.91 in accounts payable, an increase from the previous year[17] Strategic Developments - The company has not disclosed any significant new strategies or product developments during the reporting period[15] - The company has not reported any new product launches or significant market expansion strategies in the current financial report[27]

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 248,103,768.34, representing a 222.52% increase compared to CNY 76,926,765.21 in the same period last year[17]. - The net profit attributable to shareholders for the first half of 2021 was CNY 52,830,659.96, a significant turnaround from a loss of CNY 31,454,032.10 in the previous year, marking a 267.96% increase[17]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 45,495,301.04, compared to a loss of CNY 36,548,652.37 in the same period last year, reflecting a 224.48% increase[17]. - The net cash flow from operating activities was CNY 48,794,618.36, a recovery from a negative cash flow of CNY 78,381,835.63 in the previous year, indicating a 162.25% improvement[17]. - Basic earnings per share increased to 0.4773 CNY, a 267.95% increase compared to the same period last year[18]. - Weighted average return on equity rose to 4.20%, an increase of 6.85 percentage points year-on-year[18]. - The company achieved operating revenue of 248.1 million RMB, a year-on-year increase of 222.52%[36]. - The net profit for the period was 52.83 million RMB, reflecting a year-on-year growth of 267.96%[36]. - The cash flow from operating activities showed a net increase of 162.25%, reaching 48.79 million RMB[36]. - The total profit for the first half of 2021 was CNY 59.11 million, compared to a loss of CNY 34.75 million in the same period of 2020, showcasing a strong recovery[90]. Assets and Liabilities - As of the end of the reporting period, the net assets attributable to shareholders were CNY 1,266,135,177.90, up 2.80% from CNY 1,231,624,160.24 at the end of the previous year[17]. - Total assets at the end of the reporting period were CNY 1,453,460,675.18, reflecting a 1.30% increase from CNY 1,434,839,417.77 at the end of the previous year[17]. - The company reported a significant increase in accounts receivable by 642.84%, amounting to 11.99 million RMB[39]. - The intangible assets increased by 47.92%, totaling 148.94 million RMB, primarily due to the impact of the newly acquired subsidiary[39]. - Total liabilities decreased to CNY 187,325,497.28 from CNY 203,215,257.53, a reduction of about 7.8%[79]. - Current assets totaled CNY 498,927,478.13, down from CNY 574,455,793.78 at the end of 2020, representing a decrease of about 13.2%[78]. - Non-current assets increased to CNY 954,533,197.05 from CNY 860,383,623.99, marking an increase of approximately 10.9%[78]. Investments and Acquisitions - The company acquired 100% equity of Chizhou JiuHuaShan Hongyuan Tourism Development Co., Ltd., impacting investment cash flow negatively by 390%[36]. - The company acquired 100% equity of Chizhou JiuHua Mountain Hongyuan Tourism Development Co., Ltd. for RMB 104.82 million in January 2021[42]. - The company acquired 100% equity of Jiuhua Mountain Hongyuan Tourism Development Co., Ltd. for 104,821,300 RMB on January 7, 2021[64]. - The company acquired 100% equity of Chizhou Ping Tian Tourism Development Co., Ltd. for 10,482.13 million RMB in January 2021[114]. Market and Business Strategy - The tourism market is showing steady recovery due to effective pandemic control, with domestic tourism consumption increasing[23]. - The company operates seven hotels, dominating the mid-to-high-end market in the local area, enhancing brand image and service quality[23]. - The company has three cable car lines providing stable revenue, leveraging its unique geographical advantages[24]. - The company’s travel agencies have a stable customer base and a well-established marketing network, contributing to overall business growth[27]. - The company is expanding its hotel business to surrounding areas, reducing dependency on local tourism resources[26]. - The management team possesses extensive experience and strategic insight, contributing to effective business performance[27]. - The company has actively pursued new strategies in response to changes in the tourism market, including the development of short videos and live streaming sales[29]. - The company has enhanced its WeChat platform functionalities to improve customer service and communication[29]. Risks and Challenges - The company faces risks from major pandemics and natural disasters, which could adversely impact operational performance, especially during peak tourism seasons[46]. - The company is addressing the risk of limited scenic area capacity due to increased traffic and visitor numbers, particularly during holidays[47]. - Safety risks associated with special equipment like cable cars and gondolas are a concern, as mismanagement or extreme weather could lead to safety issues[48]. Shareholder Information - The total number of ordinary shareholders reached 10,803 by the end of the reporting period[70]. - The largest shareholder, Anhui Jiuhua Mountain Cultural Tourism Group Co., Ltd., holds 36,109,376 shares, accounting for 32.63% of the total shares[70]. - Anhui Province High-tech Industry Investment Co., Ltd. holds 16,267,338 shares, representing 14.70% of the total shares[70]. - Anhui Jiarun Jindi Enterprise Management Co., Ltd. has 16,000,000 shares, which is 14.46% of the total shares[71]. - The top ten shareholders collectively hold a significant portion of the company's shares, with the largest three shareholders alone accounting for over 61%[70][71]. Corporate Governance and Compliance - The company has not proposed any profit distribution or capital reserve transfer plans for the half-year period[54]. - The company provided assistance of 20,000 RMB to San Yi Village in Qinyang County for poverty alleviation efforts in January 2021[57]. - The company reported a total of 1,200,000 RMB in expected related transactions for 2021, with actual transactions in the first half of 2021 amounting to 188,210 RMB[63]. - There were no changes in the total number of shares or the share structure during the reporting period[68]. - No major guarantees or contracts were reported during the period[67][69]. - The company did not disclose any new products or technologies in the half-year report[68]. - There were no significant changes in the financial relationships with related parties[67]. Accounting Policies and Financial Reporting - The financial statements are prepared based on the enterprise accounting standards and reflect the company's financial status accurately[119]. - The company has included its subsidiaries in the consolidated financial statements, with a direct ownership of 100% in all subsidiaries listed[114]. - The accounting period for the company runs from January 1 to December 31 each year[120]. - The company will include the revenue, expenses, and profits of newly acquired subsidiaries in the consolidated profit statement from the acquisition date to the end of the reporting period[127]. - The consolidated cash flow statement will reflect cash flows from the acquired subsidiaries from the acquisition date to the end of the reporting period[127]. - The company will not adjust the beginning balances of the consolidated balance sheet for newly acquired subsidiaries under non-common control[128]. - Unrealized internal transaction profits from asset sales between subsidiaries will be fully offset against the net profit attributable to the parent company[129]. - The company will adjust capital reserves (capital surplus) for the difference between the purchase price of minority shares and the net asset share of the subsidiary from the acquisition date[131]. Employee Compensation and Benefits - The company calculates and recognizes liabilities for post-employment benefits based on actuarial assumptions and discount rates[194]. - Changes in the net liability or asset of defined benefit plans are directly recorded in other comprehensive income and cannot be reversed in subsequent periods[195]. - The company provides severance benefits to employees, recognizing the related employee compensation liability when the severance benefits cannot be unilaterally withdrawn or when costs related to restructuring are confirmed[196]. - Other long-term employee benefits are measured at the present value of the total contributions payable, in accordance with the established funding plan[198]. - The company recognizes employee compensation costs for other long-term employee benefits at the end of the reporting period, including service costs and interest on net liabilities or assets[198].

Financial Performance - Operating revenue increased by 369.24% to CNY 100,654,908.69 compared to the same period last year[6] - Net profit attributable to shareholders increased by 164.76% to CNY 17,541,702.50 compared to the same period last year[6] - Basic earnings per share increased by 164.77% to CNY 0.1585 compared to the same period last year[6] - The weighted average return on equity increased by 3.69 percentage points to 1.41% compared to the same period last year[6] - The net profit for Q1 2021 was CNY 17,541,702.50, a turnaround from a net loss of CNY 27,087,180.45 in Q1 2020[36] - The company reported a total profit of CNY 24,353,539.71 for Q1 2021, contrasting with a total loss of CNY 35,631,010.26 in Q1 2020[35] Cash Flow and Liquidity - Net cash flow from operating activities improved by 86.23% to CNY -10,931,497.60 compared to the same period last year[6] - Cash received from operating activities was CNY 97.91 million, a 372.90% increase compared to CNY 20.70 million in the previous year[13] - Cash flow from operating activities in Q1 2021 was CNY 97,913,062.87, a substantial increase from CNY 20,704,786.51 in Q1 2020[39] - The net cash flow from operating activities was CNY 3,965,153.07, compared to a net outflow of CNY 66,992,495.75 in the same period last year, indicating a turnaround in cash generation[43] - The company’s cash and cash equivalents at the end of Q1 2021 stood at CNY 44,907,544.56, down from CNY 54,658,799.15 at the end of Q1 2020, indicating a decrease in liquidity[44] - The company experienced a net decrease in cash and cash equivalents of CNY 86,968,027.10 in Q1 2021, compared to a decrease of CNY 81,705,897.46 in Q1 2020, suggesting ongoing cash management challenges[44] Assets and Liabilities - Total assets decreased by 1.16% to CNY 1,418,205,309.79 compared to the end of the previous year[6] - Cash and cash equivalents decreased by 66.31% to CNY 51,641,030.30 due to the acquisition of 100% equity in a subsidiary[12] - The company's total assets amounted to approximately CNY 1.42 billion, a slight decrease from CNY 1.43 billion at the end of 2020[27] - The company's non-current assets totaled approximately CNY 960.77 million, up from CNY 860.38 million at the end of 2020, indicating growth in long-term investments[27] - Total liabilities decreased to CNY 206,065,430.56 from CNY 223,470,816.94, showing a reduction of about 7.8%[32] - Current liabilities decreased to CNY 147.51 million from CNY 180.12 million, showing an improvement in short-term financial obligations[27] Shareholder Information - The number of shareholders increased to 10,861, indicating a growing interest in the company[10] - The top shareholder, Anhui Jiuhua Mountain Cultural Tourism Group Co., Ltd., holds 32.63% of the shares[11] Operational Costs and Expenses - Operating costs amounted to CNY 59.11 million, reflecting a 35.95% increase from CNY 43.48 million in the same period last year, also influenced by the pandemic[13] - Sales expenses increased by 66.16% to CNY 5.66 million, primarily due to higher repair costs[13] - Management expenses rose by 37.10% to CNY 14.99 million, influenced by the addition of new subsidiaries and increased employee compensation[13] Future Outlook - In 2021, the company expects cumulative net profit to potentially increase compared to the same period last year due to the recovery of domestic tourism demand following the COVID-19 pandemic[22] - The company acknowledges the uncertainty in its profit forecasts due to the ongoing impact of the pandemic and advises investors to be cautious[22]