Financial Performance - The company's operating revenue for the first half of 2018 was ¥702,198,629.24, a decrease of 4.38% compared to ¥734,365,081.52 in the same period last year[18]. - The net profit attributable to shareholders was ¥51,276,055.95, representing a slight increase of 0.88% from ¥50,828,533.19 in the previous year[18]. - The net cash flow from operating activities decreased significantly by 60.79%, amounting to ¥7,076,814.38 compared to ¥18,050,455.88 in the same period last year[18]. - The total assets at the end of the reporting period were ¥1,470,802,540.98, down 8.25% from ¥1,603,039,374.36 at the end of the previous year[18]. - The net assets attributable to shareholders decreased by 11.52%, totaling ¥1,015,336,469.67 compared to ¥1,147,555,643.09 at the end of the previous year[18]. - The basic earnings per share for the first half of 2018 was ¥0.3868, an increase of 0.88% from ¥0.3834 in the same period last year[19]. - The weighted average return on net assets was 4.45%, an increase of 0.19 percentage points compared to 4.26% in the previous year[19]. - The company reported a net loss of ¥4,143,547.00 after deducting non-recurring gains and losses, an improvement from a loss of ¥5,771,797.11 in the previous year[18]. Revenue Breakdown - The tourism and related business accounted for 97.12% of total operating revenue, a slight decrease of 0.25 percentage points year-on-year[24]. - The company achieved consolidated operating revenue of CNY 702.20 million, a decrease of 4.38% compared to the same period last year[33]. - The company's operating profit for the same period was CNY 68.60 million, an increase of 1.99% year-on-year[33]. - The total profit reached CNY 71.08 million, reflecting a year-on-year growth of 3.96%[33]. - Domestic tourism business achieved a revenue increase of nearly 50%, organizing 57 classes and serving 2,200 tourists[35]. - Inbound tourism revenue grew by 50.51%, with the Japanese inbound segment reaching a new high, serving 3,000 tourists on the Chongming Island route[35]. - The conference and incentive travel business saw a revenue increase of 51.32%, successfully operating multiple large-scale projects[36]. Cash Flow and Investments - The company's operating cash flow decreased by 60.79% to CNY 7.08 million, primarily due to reduced sales revenue[42]. - The company's investment income from financial assets decreased significantly, with a tax-preferred income ratio of 99.37%[48]. - The net cash flow from investment activities improved to RMB 70,202,776.12 in 2018, compared to a negative RMB 72,259,986.95 in 2017, showing a turnaround in investment performance[118]. Assets and Liabilities - Cash and cash equivalents at the end of the period reached ¥301,305,552.79, an increase of 34.41% compared to ¥224,173,241.14 at the beginning of the period, primarily due to the sale of available-for-sale financial assets[51]. - Fixed assets decreased by 68.46% to ¥12,433,857.02 from ¥39,419,058.07, mainly due to the conversion of some self-used properties to investment properties[52]. - The company's total liabilities as of June 30, 2018, were RMB 454,735,709.95, showing a slight decrease from RMB 455,907,295.44 at the beginning of the year[105]. - The total current liabilities increased to RMB 370,395,320.06 from RMB 320,741,218.16, marking an increase of approximately 15.43%[105]. Strategic Initiatives - The company plans to strengthen its presence in the business and conference markets, which have shown rapid growth during the reporting period[33]. - The company is actively transforming its traditional travel agency business, integrating educational resources to enhance market expansion[36]. - The company is focusing on enhancing its market presence and exploring new strategies for growth, although specific details are not disclosed in the provided content[110]. Shareholder Information - The company reported a total of 13,324 common stock shareholders as of the end of the reporting period[88]. - The largest shareholder, Shanghai Jin Jiang International Hotel (Group) Co., Ltd., holds 66,556,270 shares, representing 50.21% of the total shares[89]. - The company has not proposed any profit distribution or capital reserve increase for the half-year period[73]. Risk Factors - The company faces industry risks due to sensitivity to social, political, and economic events affecting tourism[68]. - The company is challenged by the rise of online travel agencies, impacting traditional travel business profitability[69]. - The company emphasizes the importance of maintaining operational stability amidst potential risks from core personnel changes and currency fluctuations[70]. Accounting and Compliance - The financial statements of Shanghai Jin Jiang International Tourism Co., Ltd. comply with accounting standards and accurately reflect the company's financial position as of June 30, 2018[132]. - There were no significant accounting errors that required retrospective restatement during the reporting period[85]. - The company has not disclosed any environmental information during the reporting period[81].

Financial Performance - The company reported a total revenue of CNY 315.55 million for the first quarter of 2018, a decrease of 7.14% compared to the same period last year[6]. - The net profit attributable to shareholders was CNY 14.30 million, reflecting a slight increase of 1.28% year-on-year[6]. - The company achieved an operating profit of CNY 20.60 million, representing a growth of 15.48% year-on-year[12]. - Total operating revenue for Q1 2018 was CNY 315,548,278.77, a decrease of 7.1% compared to CNY 339,795,649.61 in the same period last year[32]. - Net profit for Q1 2018 was CNY 13,666,018.84, slightly down from CNY 13,725,328.90 in the previous year, representing a decrease of 0.4%[33]. - The company reported a basic earnings per share of CNY 0.1079, up 1.28% from CNY 0.1065 in the same period last year[6]. Cash Flow - The net cash flow from operating activities was negative at CNY -16.75 million, compared to CNY -6.12 million in the previous year[6]. - Net cash flow from operating activities was -¥16,747,834.44, a decrease of 174.66% from -¥6,121,649.31, mainly due to payments for stock holdings[18]. - The cash flow from operating activities showed a net outflow of -¥16,747,834.44, worsening from -¥6,121,649.31 in Q1 2017[40]. - The cash and cash equivalents at the end of Q1 2018 were ¥222,142,876.19, down from ¥239,136,539.60 at the end of Q1 2017[41]. - The company reported cash inflow from the disposal of fixed assets and other long-term assets of $7,500.00, down from $18,800.00[43]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 1.52 billion, down 5.34% from the end of the previous year[6]. - The total current assets decreased from 380,494,183.49 yuan at the beginning of the year to 357,377,664.93 yuan by the end of the reporting period, reflecting a decline of approximately 6.5%[25]. - The total non-current assets decreased from 1,222,545,190.87 yuan to 1,160,018,767.63 yuan, indicating a decline of about 5.1%[26]. - Total liabilities as of March 31, 2018, were CNY 215,939,082.72, down from CNY 244,150,983.91 at the start of the year, reflecting a reduction of 11.5%[31]. - The company's total equity as of March 31, 2018, was CNY 1,129,422,528.26, a decrease from CNY 1,154,859,473.81 at the beginning of the year, indicating a decline of 2.2%[31]. Investments and Income - The company reported a total investment income of 39,261.65 yuan from Meikailong, 14,442.08 yuan from Debang Co., and 31,988.57 yuan from Chengdu Bank during the first quarter of 2018[22]. - The company reported an investment income of ¥28,848,742.57, an increase of 22.9% from ¥23,491,427.67 in the previous year[36]. Operational Changes - The company actively restructured its outbound tourism business to adapt to market demands, focusing on free travel and brand expansion[19]. - The company successfully launched new inbound tourism products, achieving over 4,000 inbound tourists and generating significant revenue and positive reputation[20]. Shareholder Information - The company had a total of 13,459 shareholders at the end of the reporting period[11]. Other Financial Metrics - The gross margin for tourism and related businesses was 6.68%, a slight decrease of 0.02 percentage points compared to the previous year[21]. - Total comprehensive income decreased to -¥32,632,082.86 from ¥2,632,482.96, a decline of 1,337.56%, primarily due to a significant decrease in the fair value of available-for-sale financial assets[17].

Financial Performance - In 2017, the company's operating revenue was CNY 1,710,185,432.74, a decrease of 10.35% compared to CNY 1,907,531,142.26 in 2016[24] - The net profit attributable to shareholders was CNY 61,228,732.75, showing a slight increase of 0.15% from CNY 61,137,877.20 in the previous year[24] - The net cash flow from operating activities was CNY -53,436,817.99, an improvement from CNY -64,802,366.73 in 2016[24] - As of the end of 2017, total assets amounted to CNY 1,603,039,374.36, down 3.30% from CNY 1,657,818,410.73 at the end of 2016[24] - The company's net assets attributable to shareholders were CNY 1,147,555,643.09, a decrease of 1.74% from CNY 1,167,858,604.59 in 2016[24] - Basic earnings per share for 2017 was CNY 0.4619, a 0.15% increase compared to CNY 0.4612 in 2016[25] - The weighted average return on equity increased to 5.24% in 2017 from 5.14% in 2016, an increase of 0.10 percentage points[25] - The company reported a net profit of CNY -2,011,245.10 after deducting non-recurring gains and losses, compared to CNY -4,926,519.82 in 2016[24] - The total profit for the year was CNY 76.19 million, reflecting a growth of 3.75% compared to the previous year[47] Revenue Breakdown - The tourism and related business accounted for 98.12% of total revenue in 2017, a decrease of 0.15 percentage points from the previous year[32] - Revenue from inbound tourism increased by 36.96% to CNY 143,202,746.78, while outbound tourism revenue decreased by 23.98% to CNY 776,947,259.47[51] - The outbound tourism business saw a decline of 32.39%, with 105,200 tourists served during the reporting period[41] - Domestic tourism experienced a decline of 19.81%, with 137,600 tourists served during the reporting period[43] - The inbound tourism business showed signs of recovery, with traditional inbound group tours increasing by 32.41% to 38,400 tourists[42] Cash Flow and Investments - The company reported a net cash flow from operating activities of -CNY 32,556,630.30 in Q4 2017, indicating a significant cash outflow[26] - The investment activities generated a net cash flow of CNY 80,739,707.82, a significant increase of 199.78% compared to CNY 26,932,683.66 last year[49] - The net cash flow from investing activities for the current period is 80.74 million yuan, an increase of 53.80 million yuan compared to the same period last year[61] - The net cash flow from financing activities for the current period is -30.75 million yuan, a slight increase of 0.27 million yuan compared to the same period last year, mainly due to increased cash dividends[62] Shareholder Information - The proposed cash dividend for 2017 is CNY 2.34 per 10 shares, totaling CNY 31,018,167.18, with remaining undistributed profits of CNY 277,901,512.96 to be carried forward[5] - The company reported a cash dividend of CNY 31,018,167.18 for the year 2017, with a payout ratio of 50.66% of the net profit attributable to shareholders[101] - The total number of ordinary shareholders at the end of the reporting period is 13,634, an increase from 13,500 at the end of the previous month[131] - The largest shareholder, Shanghai Jin Jiang International Hotel (Group), holds 66,556,270 shares, representing 50.21% of total shares[133] Operational Strategies - The company emphasizes the importance of risk awareness regarding future plans and strategies, advising investors to be cautious[7] - The company is adapting to new consumer demands, focusing on high-quality, personalized travel experiences[34] - The company is focusing on product innovation and has developed new high-end travel routes, including customized tours to Israel, Jordan, and Morocco[41] - The company plans to enhance operational quality and efficiency by consolidating travel agency operations under the "Jinjiang Tourism" brand[87] - The company aims to create 1 million new jobs in the tourism sector through ongoing investment and development initiatives[89] Audit and Compliance - The audit report for the financial statements was issued by Deloitte Huayong, confirming the accuracy and completeness of the financial report[4] - The company will report government subsidies separately under "Other Income" in the profit statement starting from January 1, 2017, as per the new accounting standards[105] - The company has not encountered any significant accounting errors that require correction[109] - The company will ensure compliance with the new accounting standards for financial reporting from 2017 onwards[107] Employee and Corporate Governance - The total number of employees in the parent company is 97, while the main subsidiaries employ 890, resulting in a total of 987 employees[155] - The company has established a salary growth mechanism for its subsidiaries, conducting annual collective salary negotiations[156] - The company has implemented a training program that combines internal and external training methods[157] - The company has 3 independent directors on its board, ensuring compliance with legal requirements[161] Market Outlook - The company provided a positive outlook for 2018, projecting a revenue growth of 10% to 12%[148] - The tourism industry is expected to see over 5.7 billion domestic and inbound tourists in 2018, with total tourism revenue projected to exceed 6 trillion CNY[89] - The company is considering strategic acquisitions to bolster its market position, with a budget of 100 million allocated for potential deals[148] Social Responsibility and Customer Focus - The company has made significant strides in fulfilling its social responsibilities, particularly in consumer rights protection and employee welfare[120] - The company emphasizes employee care and has conducted nearly 100 communication activities to support reform and adjustment efforts[124] - The company maintains a focus on consumer rights protection, implementing quality management systems to ensure high service standards[122]

Financial Performance - Operating revenue for the first nine months was CNY 1,216,913,079.44, a decrease of 5.39% year-on-year[6] - Net profit attributable to shareholders for the first nine months was CNY 52,241,956.24, a slight increase of 0.13% compared to the same period last year[6] - In Q3, the company achieved consolidated operating revenue of CNY 48,254.80 million, a decrease of 0.93% year-on-year[11] - The net profit attributable to shareholders in Q3 was CNY 141.34 million, a decrease of 34.77% compared to the same period last year[11] - The net profit attributable to shareholders after deducting non-recurring gains and losses in Q3 was CNY 83.76 million, an increase of CNY 890.25 million year-on-year[11] - The gross profit margin for tourism-related businesses was 6.40%, a decrease of 0.95 percentage points compared to the previous year[18] - Total operating revenue for Q3 2017 was ¥482,547,997.92, a decrease of 1.1% compared to ¥487,097,883.12 in Q3 2016[43] - Net profit for Q3 2017 was ¥745,786.63, compared to a net profit of ¥1,826,603.99 in Q3 2016, reflecting a decline of 59.1%[44] - The company’s total operating revenue for the first nine months of 2017 was ¥1,216,913,079.44, down from ¥1,286,243,105.82 in the same period of 2016, a decline of 5.4%[43] Assets and Liabilities - Total assets at the end of the reporting period reached CNY 1,669,634,500.73, an increase of 0.71% compared to the end of the previous year[6] - The company's current assets decreased to CNY 424,713,958.52 from CNY 642,547,931.58, representing a decline of approximately 33.9%[35] - The total liabilities increased to CNY 512,743,729.00 from CNY 491,510,429.99, indicating a rise of about 4.5%[37] - The total assets as of the end of Q3 2017 amounted to ¥1,429,783,031.25, slightly up from ¥1,422,650,712.40 at the end of Q3 2016[41] - The total liabilities decreased to ¥258,996,173.73 in Q3 2017 from ¥274,751,295.90 in Q3 2016, a reduction of 5.7%[41] - The total equity increased to ¥1,170,786,857.52 in Q3 2017, up from ¥1,147,899,416.50 in Q3 2016, representing a growth of 2.0%[41] Cash Flow - The company reported a net cash flow from operating activities of CNY -20,880,187.69 for the first nine months, compared to CNY -19,076,627.82 in the previous year[6] - Cash inflow from operating activities totaled $315.74 million, a decrease of 7.2% compared to $340.38 million in the same period last year[54] - Cash outflow from operating activities amounted to $317.34 million, down from $377.19 million year-over-year, resulting in a net cash flow from operating activities of -$1.59 million[54] - Cash inflow from investment activities reached $331.10 million, an increase of 39.5% from $237.13 million in the previous year[55] - Cash outflow from investment activities was $381.88 million, compared to $252.73 million last year, leading to a net cash flow from investment activities of -$50.79 million[55] - The ending cash and cash equivalents balance was $58.53 million, down from $135.36 million year-over-year[55] Income and Expenses - The company reported a significant increase in other income, totaling ¥696,833.16 for the first nine months of 2017, compared to none in the same period last year[47] - Investment income increased by 35.83% to CNY 106,500,578.43 from CNY 78,409,889.39 year-on-year, primarily due to gains from the disposal of available-for-sale financial assets[23] - Income tax expenses increased by 51.13% to CNY 17,420,831.22 from CNY 11,527,108.80, mainly due to an increase in taxable income[24] - The company incurred management expenses of ¥5,166,740.81 in Q3 2017, a decrease of 38.5% from ¥8,363,125.82 in Q3 2016[47] Shareholder Information - The total number of shareholders at the end of the reporting period was 13,704[9] - The company reported a cash dividend distribution of CNY 0.2 per share to shareholders[32] Market and Product Development - The company launched new high-end customized domestic travel products and increased the proportion of self-guided and semi-self-guided travel products, which received positive market feedback[14] - The company has strengthened its collaboration with WeHotel to develop and distribute travel products, aiming to innovate marketing models[15] - The company successfully hosted large-scale team receptions, such as the "2017 North American Professional Ice Hockey League (NHL) China Game," which received positive reviews and benefits[15]

Financial Performance - The company's operating revenue for the first half of 2017 was ¥734,365,081.52, a decrease of 8.11% compared to ¥799,145,222.70 in the same period last year[19] - The net profit attributable to shareholders of the listed company was ¥50,828,533.19, representing a slight increase of 1.64% from ¥50,006,687.50 in the previous year[19] - The net cash flow from operating activities increased by 32.05%, reaching ¥18,050,455.88 compared to ¥13,668,994.86 in the same period last year[19] - The total assets at the end of the reporting period were ¥1,697,360,773.46, an increase of 2.39% from ¥1,657,818,410.73 at the end of the previous year[19] - The net assets attributable to shareholders of the listed company decreased by 1.97%, amounting to ¥1,144,887,246.99 compared to ¥1,167,858,604.59 at the end of the previous year[19] - The basic earnings per share for the first half of 2017 was ¥0.3834, an increase of 1.64% from ¥0.3772 in the same period last year[20] - The weighted average return on net assets was 4.26%, an increase of 0.16 percentage points compared to 4.10% in the previous year[20] Tourism Operations - The company organized 47,600 outbound tourists, a decline of 18.35% year-on-year, while domestic tourism increased by 13.17% to 62,100 tourists[31] - The revenue from outbound tourism was RMB 371.04 million, down 12.81% from RMB 425.57 million in the previous year[34] - The revenue from domestic tourism reached RMB 671.12 million, an increase of 4.63% compared to the previous year[34] - The company’s tourism and related business accounted for 97.37% of total operating income, a slight decrease of 0.47 percentage points year-on-year[24] Financial Position - The company's total operating revenue for the current period is CNY 734,365,081.52, a decrease of 8.11% compared to CNY 799,145,222.70 in the same period last year[40] - The operating cost for the current period is CNY 685,401,393.16, down 5.86% from CNY 728,081,912.90 year-on-year[40] - The gross profit margin for the tourism and related business segment is 5.52%, a decrease of 2.35 percentage points year-on-year[39] - The investment income for the current period is CNY 104,978,173.45, representing a year-on-year increase of 56.44% from CNY 67,104,877.02[46] Risks and Challenges - The company has outlined various industry and market risks in the report, which investors should be aware of[5] - The company faced industry risks due to sensitivity to social, political, and economic events, which could impact tourism business development[55] - The company highlighted operational risks related to accounts receivable and increasing labor costs, necessitating a certain growth rate to maintain profitability[55] - The company is exposed to foreign exchange risks due to significant involvement in foreign currency transactions, which could affect costs and revenues[57] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 13,674[70] - The largest shareholder, Shanghai Jinjiang International Hotel (Group) Co., Ltd., holds 66,556,270 shares, accounting for 50.21% of the total shares[71] - The second-largest shareholder, SCBHK A/C BBH S/A Vanguard Emerging Markets Stock Index Fund, holds 1,764,490 shares, representing 1.33%[71] Corporate Governance - The company did not propose any profit distribution or capital reserve transfer plan for the half-year period[59] - The company completed the acquisition of Jinjiang International on January 28, 2011, and has committed to taking measures to avoid competition with its subsidiaries[60] - The company has made commitments to ensure independence in operations, assets, and finances following the acquisition of Jinjiang Hotel[61] - The company has not experienced any major litigation or arbitration matters during the reporting period[63] Accounting Policies - The company has not made any changes to its accounting policies or estimates compared to the previous accounting period[66] - The financial statements were prepared in accordance with the accounting standards, ensuring transparency and compliance with regulatory requirements[114] - The company recognizes direct expenses incurred during business combinations as current period losses[120] - The company assesses the recoverability of receivables and may recognize impairment losses if it becomes unlikely to recover certain balances, affecting the carrying value of receivables[199]

Financial Performance - Operating revenue for the first quarter was CNY 339,795,649.61, a decrease of 9.16% year-on-year[6] - Net profit attributable to shareholders increased by 0.10% to CNY 14,119,028.95 compared to the same period last year[6] - The company reported a net profit of CNY -2,508,776.06 after deducting non-recurring gains and losses, a decrease of 15.98% year-on-year[12] - The company reported a significant decrease in other comprehensive income, with a net amount of CNY -11,092,845.94 compared to CNY -75,803,254.09 in the previous period[34] - The company’s total profit for the current period is CNY 17,883,606.82, slightly up from CNY 17,689,365.31, reflecting an increase of 1.1%[31] - The company reported a total comprehensive income of CNY 2,632,482.96, compared to a loss of CNY 62,200,896.44 in the previous period[32] - Basic earnings per share for the current period is CNY 0.1065, marginally higher than CNY 0.1064 in the previous period[32] Cash Flow - The net cash flow from operating activities was CNY -6,121,649.31, showing an improvement from CNY -26,565,343.24 in the previous year[6] - Cash flow from operating activities is CNY 342,140,751.99, a decrease of 9.5% from CNY 378,289,981.47 in the previous period[37] - Operating cash inflow totaled CNY 349,821,242.31, a decrease of 9.3% from CNY 385,511,563.09 in the previous period[38] - Total cash inflow from operating activities was CNY 76,435,675.82, down 10.4% from CNY 85,369,979.54 in the previous period[40] - The net increase in cash and cash equivalents was CNY 22,540,333.99, compared to a decrease of CNY -49,252,348.85 in the previous period[39] - The company reported a cash inflow from the recovery of investments of CNY 197,166,781.25, an increase from CNY 176,358,463.06 in the previous period[40] Assets and Liabilities - Total assets decreased by 2.77% to CNY 1,611,862,871.27 compared to the end of the previous year[6] - Accounts receivable decreased by 48.20% to CNY 41,309,342.63, primarily due to the collection of receivables from outbound tourism and incentive business[13] - Accounts payable decreased by 33.46% to CNY 59,053,330.31, mainly due to payments made for inbound tour groups[13] - Employee compensation payable decreased by 71.26% to CNY 7,662,467.30, reflecting payments made to employees[13] - Tax and additional fees decreased by 64.93% to CNY 848,350.41, mainly due to the transition from business tax to value-added tax[13] - Total current assets decreased to ¥615,758,284.53 from ¥642,547,931.58, a reduction of approximately 4.17%[22] - Non-current assets totaled ¥996,104,586.74, down from ¥1,015,270,479.15, reflecting a decrease of about 1.89%[23] - Total liabilities decreased to ¥442,922,407.57 from ¥491,510,429.99, a reduction of about 9.87%[24] - Total current liabilities decreased to ¥294,526,700.10 from ¥339,417,107.21, a decline of about 13.2%[23] Revenue Breakdown - The outbound tourism revenue was CNY 183,219,670.50, down 12.13% from CNY 208,520,203.55 in the same period last year[16] - Domestic tourism revenue increased by 9.14% to CNY 27,318,059.18, compared to CNY 25,030,606.31 in Q1 2016[16] - The inbound tourism revenue rose by 13.85% to CNY 9,940,278.38, compared to CNY 8,730,921.43 in Q1 2016[16] Strategic Initiatives - The company actively explored the domestic tourism market, promoting new travel products and brands, which gained consumer recognition[16] - The company plans to continue expanding its domestic tourism offerings and enhancing its marketing strategies to capture market demand[16]

Financial Performance - In 2016, the company's operating revenue was CNY 1,907,531,142.26, a decrease of 16.34% compared to CNY 2,280,187,322.60 in 2015[18] - The net profit attributable to shareholders was CNY 61,137,877.20, showing a slight increase of 0.63% from CNY 60,752,458.26 in the previous year[18] - The net profit after deducting non-recurring gains and losses was CNY -4,926,519.82, indicating a significant decline from CNY 22,058,347.30 in 2015[18] - The net cash flow from operating activities was CNY -64,802,366.73, worsening from CNY -30,553,566.86 in 2015[18] - As of the end of 2016, the total assets amounted to CNY 1,657,818,410.73, down 7.68% from CNY 1,795,795,701.68 in 2015[18] - The net assets attributable to shareholders decreased to CNY 1,167,858,604.59, a decline of 7.98% from CNY 1,269,072,888.25 in the previous year[18] - Basic earnings per share for 2016 was CNY 0.4612, an increase of 0.63% compared to CNY 0.4583 in 2015[20] - The weighted average return on equity rose to 5.14% in 2016, up by 0.23 percentage points from 4.91% in 2015[20] - The company’s operating profit rose to CNY 6,587,850, an increase of 4.15% year-on-year, while the total profit reached CNY 7,343,940, up 8.17%[42] - The company reported a significant decline in comprehensive income, totaling RMB (70,827,249.66) in 2016 compared to RMB 107,200,740.63 in 2015[144] Dividends and Shareholder Returns - The company proposed a cash dividend of CNY 2.32 per 10 shares, totaling CNY 30,753,054.64, based on a total share capital of 132,556,270 shares[2] - The company reported a cash dividend of 30,753,054.64 RMB for the year 2016, representing 50.30% of the net profit attributable to ordinary shareholders[78] - The company distributed dividends totaling RMB 30,487,942.10 in 2016, compared to RMB 29,427,491.94 in 2015, indicating a slight increase in shareholder returns[156] Revenue Sources and Business Segments - The company’s tourism and related business accounted for 98.27% of total operating revenue in 2016, a slight decrease of 0.23 percentage points from the previous year[30] - The outbound tourism segment reported 15.56 million trips, a decline of 9.60% year-on-year, while inbound tourism saw 5.88 million trips, down 22.14%[37] - Domestic tourism increased to 17.16 million trips, reflecting a growth of 12.04% compared to the previous year[38] - The revenue from the company's mainland China operations decreased by 16.93% year-on-year, accounting for 94.28% of total operating revenue, a decrease of 0.44 percentage points compared to the previous year[48] - The company's other business revenue decreased by 18.42% year-on-year, accounting for 0.40% of total operating revenue, with no significant changes compared to the previous year[47] Cash Flow and Financial Stability - The net cash flow from operating activities for the reporting period was -CNY 64,802,400, a decrease of CNY 34,248,800 compared to the previous year, mainly due to reduced operating income and increased accounts receivable[52] - The net cash flow from investing activities was CNY 26,932,700, a decrease of CNY 117,336,400 compared to the previous year, primarily due to reduced cash received from investments and increased cash paid for investments[53] - The net cash flow from financing activities was -CNY 30,487,900, an increase in outflow of CNY 1,060,400 compared to the previous year, mainly due to increased cash dividends paid[54] - The cash inflow from operating activities was RMB 435,074,795.95 in 2016, down from RMB 512,810,346.81 in 2015, indicating a decline in sales performance[153] Risks and Challenges - The company has acknowledged potential risks in its annual report, urging investors to pay attention[5] - The company faces risks including industry sensitivity to political and economic events, operational risks related to accounts receivable, and currency fluctuation risks[73] Corporate Governance and Compliance - The company has engaged Deloitte Huayong as its auditor, with an audit fee of 930,000 RMB for the year[82] - There were no significant lawsuits or arbitration matters involving the company during the reporting period[82] - The company has not disclosed any stock incentive plans or employee stock ownership plans during the reporting period[83] - The company has committed to maintaining independence in its operations and ensuring the integrity of its financial practices[79] - The company strictly adheres to the requirements of the Company Law and relevant regulations regarding corporate governance[119] Employee and Management Information - The total number of employees in the parent company and major subsidiaries is 1,016, with 123 in the parent company and 893 in subsidiaries[110] - The company has established a salary growth mechanism for its subsidiaries, conducting annual collective salary negotiations[111] - The training program combines internal and external training, creating a tiered management and training system[112] - The company emphasizes a salary policy based on labor distribution, efficiency, fairness, and sustainable development[111] Future Outlook and Strategic Plans - The company plans to enhance its high-end medical tourism offerings through a strategic partnership with Shanghai Proton and Heavy Ion Hospital[39] - The company aims to support its subsidiaries in innovating business models and enhancing operational excellence, focusing on six key areas[69] - The company plans to optimize its business model through offline integration and online construction, enhancing its travel agency operations[68] - The tourism industry is projected to grow with an annual increase of approximately 10% in domestic travel and a total tourism revenue growth of over 11% annually[65]

Financial Performance - Operating revenue for the first nine months was CNY 1,286,243,105.82, down 17.68% year-on-year[6] - Net profit attributable to shareholders for the first nine months was CNY 52,173,568.61, an increase of 0.36% year-on-year[6] - Net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 10,192,988.69, a decrease of 72.65% year-on-year[6] - The company achieved a consolidated operating profit of CNY 5,527.77 million for the first nine months, an increase of 4.20% year-on-year[13] - Total operating revenue for Q3 2016 was ¥487,097,883.12, a decrease of 26.4% compared to ¥662,962,882.15 in Q3 2015[36] - Net profit for Q3 2016 was ¥1,826,603.99, slightly up from ¥1,790,394.94 in Q3 2015[37] - The operating profit for the first nine months of 2016 was CNY 71,051,514.76, an increase from CNY 66,002,962.81 in the same period last year, reflecting a growth of about 4.6%[39] - The company's total profit for Q3 2016 was CNY 6,669,666.58, compared to CNY 1,181,128.38 in Q3 2015, marking a substantial increase[40] - The company reported a total comprehensive income attributable to the parent company of CNY 12,772,196.13 for Q3 2016, compared to a loss of CNY 69,413,031.38 in Q3 2015[40] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,762,678,936.72, a decrease of 1.84% compared to the end of the previous year[6] - The total assets as of September 30, 2016, amounted to CNY 1,762,678,936.72, a decrease from CNY 1,795,795,701.68 at the beginning of the year[26] - The company's accounts receivable decreased by 32.54% to approximately ¥43.14 million as of September 30, 2016, compared to the beginning of the year[21] - The total current liabilities rose to CNY 428,960,786.87 from CNY 332,123,434.47, reflecting an increase of approximately 29.1%[29] - The company's non-current liabilities decreased to CNY 158,417,876.63 from CNY 196,049,094.71, showing a decline of about 19.2%[29] - The company's total equity as of September 30, 2016, was ¥1,145,422,754.13, down from ¥1,226,657,247.18 at the beginning of the year[34] Cash Flow - The company reported a net cash flow from operating activities of -CNY 19,076,627.82 for the first nine months, compared to CNY 31,202,049.03 in the previous year[6] - Operating cash flow for the first nine months of 2016 was negative at -19,076,627.82 RMB, compared to a positive 31,202,049.03 RMB in the same period last year, indicating a decline of approximately 161%[41] - Total cash inflow from operating activities decreased to 1,359,741,130.69 RMB, down 15.7% from 1,613,870,779.98 RMB year-on-year[41] - Cash outflow from operating activities was 1,378,817,758.51 RMB, a reduction of 13.0% compared to 1,582,668,730.95 RMB in the previous year[41] - The overall cash and cash equivalents net decrease for the period was -50,498,488.54 RMB, contrasting with an increase of 24,137,826.51 RMB in the previous year[42] Tourism Revenue - The company's outbound tourism revenue for the first nine months of 2016 was approximately ¥713.83 million, a decrease of 26.27% compared to the same period in 2015[15] - Inbound tourism revenue was approximately ¥65.08 million, down 23.92% year-on-year[15] - Domestic tourism revenue increased by 12.03% to approximately ¥131.33 million compared to the same period last year[15] Government Support and Investments - The company received government subsidies amounting to CNY 4,122,453.97 during the reporting period, contributing to its financial performance[8] - The company reported a significant increase in investment income of 46.43%, amounting to approximately ¥78.41 million, primarily from the sale of available-for-sale financial assets[22] - The company's investment income for the first nine months of 2016 was ¥78,409,889.39, compared to ¥53,546,265.62 in the same period last year, an increase of 46.3%[37] Strategic Developments - The company faced significant challenges in outbound tourism due to currency depreciation and geopolitical events, leading to adjustments in travel destinations and new product development[13] - The company has established new leisure travel product brands such as "Calling Friends" and "Light Luxury Weekend," enhancing market recognition[14] - The company plans to leverage the opening of Shanghai Disneyland by launching related travel services and products[14] - The company has committed to avoiding substantial competition with its subsidiaries post-acquisition, ensuring compliance with the commitments made in the acquisition report[25] - The company plans to reduce related party transactions and ensure independent operations following the acquisition completion[25]

Financial Performance - The company's operating revenue for the first half of 2016 was ¥799,145,222.70, a decrease of 11.15% compared to ¥899,449,271.42 in the same period last year[17]. - The net profit attributable to shareholders of the listed company was ¥50,006,687.50, showing a slight increase of 0.29% from ¥49,862,107.13 in the previous year[17]. - The net profit after deducting non-recurring gains and losses was ¥18,257,947.20, a significant decrease of 52.65% compared to ¥38,558,753.13 in the same period last year[17]. - The net cash flow from operating activities was ¥13,668,994.86, down 80.02% from ¥68,421,182.62 in the previous year[17]. - The total assets at the end of the reporting period were ¥1,766,716,422.96, a decrease of 1.62% from ¥1,795,795,701.68 at the end of the previous year[17]. - The net assets attributable to shareholders of the listed company decreased by 8.19% to ¥1,165,092,664.39 from ¥1,269,072,888.25 at the end of the previous year[17]. - The basic earnings per share for the first half of 2016 was ¥0.3772, slightly up from ¥0.3762 in the same period last year[18]. - The weighted average return on net assets was 4.10%, an increase of 0.01 percentage points compared to 4.09% in the previous year[18]. - The company reported a total comprehensive income for the period of CNY (74,266,876.19), a significant decline compared to CNY 139,675,274.56 in the previous year[77]. - The total equity attributable to the parent company at the beginning of the year was RMB 1,267,623,172.50, which decreased to RMB 1,162,868,354.21 by the end of the period, reflecting a reduction of approximately 8.26%[89]. Revenue and Business Segments - The outbound tourism business saw a decline of 21.07%, with 58,400 travelers compared to the previous year[24]. - The inbound tourism segment increased by 23.36%, with 41,400 group travelers and 55,600 total inbound visitors[25]. - Domestic tourism experienced a decrease of 3.29%, totaling 54,900 travelers[25]. - The company expects to achieve a total revenue of CNY 2.35 billion for the full year 2016, having completed 34% of this target in the first half[31]. - Total operating revenue decreased by 11.40% year-on-year to CNY 785,662,366.40, with revenue from mainland China down by 10.79% and other regions down by 20.82%[35]. - The gross profit margin for tourism and related businesses was 7.87%, a decrease of 1.79 percentage points compared to the previous year[37]. - The company continues to focus on expanding its tourism services, including inbound and outbound travel, as well as property leasing and trade[95]. Expenses and Costs - Financial expenses decreased significantly to CNY -1.02 million from CNY -5.53 million in the previous year, primarily due to increased exchange losses and reduced interest income[29]. - The company's operating costs decreased by 9.63% year-on-year to CNY 723,076,768.10, indicating improved cost management[37]. - The company incurred sales expenses of CNY 54,811,929.56, a decrease from CNY 58,347,725.91, indicating a reduction of about 6.5%[77]. - The company’s management expenses were CNY 24,999,720.11, down from CNY 32,073,668.79, reflecting a decrease of approximately 22.1%[77]. Investments and Acquisitions - The company completed the acquisition of 66,556,270 shares of Jin Jiang International, representing 50.21% of the total share capital[50]. - The company sold 3,000,000 shares of Pudong Development Bank, reducing its holdings to 27,885,975 shares, generating an investment income of CNY 39,632,712.06[41]. - The company reported an investment income of CNY 67,104,877.02, which is an increase from CNY 51,670,839.39 in the previous year, representing a growth of approximately 29.8%[77]. Shareholder Information - The company plans to distribute a cash dividend of CNY 2.30 per 10 shares based on a total share capital of 132,556,270 shares, approved at the 2015 annual general meeting[43]. - The total equity attributable to minority shareholders decreased from RMB 189,741,764.51 to RMB 1,448,813.39, indicating a decline of approximately 99.23%[89]. - The company distributed RMB 30,487,942.10 to shareholders during the period, compared to RMB 29,427,491.94 in the previous year, showing a slight increase in shareholder distributions[89]. Corporate Governance and Compliance - The company has not reported any penalties or rectifications for its directors, supervisors, or major shareholders during the reporting period[54]. - The company continues to comply with the Corporate Law and relevant regulations regarding corporate governance[54]. - The company has made long-term commitments to avoid substantial competition with its subsidiaries[53]. Assets and Liabilities - The company's total liabilities were RMB 603,848,068.75, compared to RMB 528,172,529.18 at the beginning of the year, indicating an increase in liabilities[71]. - The company’s non-current assets totaled RMB 1,031,513,128.87, down from RMB 1,207,630,801.88, indicating a decrease of about 14.6%[71]. - The accounts receivable balance as of June 30, 2016, was RMB 54,650,590.75, with a provision for bad debts of RMB 3,472,889.09, resulting in a net value of RMB 51,177,701.66[194]. Accounting Policies and Financial Reporting - The financial statements were prepared in accordance with the accounting standards and reflect the company's financial position as of June 30, 2016[101]. - There were no changes in the accounting policies or estimates during the reporting period[55]. - The company recognizes service income based on the percentage of completion method, measuring progress by the ratio of incurred costs to estimated total costs[171].

Financial Performance - Net profit attributable to shareholders increased by 1.78% to CNY 14,105,384.69 year-on-year[7] - Operating revenue decreased by 6.77% to CNY 374,042,811.14 compared to the same period last year[7] - The gross profit margin for tourism and related services was 8.50%, a decrease of 1.41 percentage points year-over-year[17] - The company reported a total gross profit of CNY 31,696,505.96 for tourism and related services, down from CNY 36,000,000.00 in the previous year[17] - The company reported a net profit margin decline due to increased operating costs despite a decrease in total revenue[30] - The net profit for Q1 2016 was ¥17,775,630.14, representing an increase of 55.5% from ¥11,425,049.15 in the same period last year[33] - The total profit for Q1 2016 was ¥21,775,630.14, up from ¥14,025,049.15, marking a growth of 55.5% year-over-year[33] Revenue Breakdown - In Q1 2016, outbound tourism revenue decreased by 14.21% to CNY 208,520,203.55 compared to Q1 2015[17] - Inbound tourism revenue fell by 35.64% to CNY 8,730,921.43 year-over-year[17] - Domestic tourism revenue increased by 28.16% to CNY 25,030,606.31 compared to the same period last year[17] - Ticketing business revenue rose by 33.00% to CNY 89,124,330.55 year-over-year[17] - Total operating revenue for Q1 2016 was CNY 374,042,811.14, a decrease of 6.3% compared to CNY 401,195,957.04 in the same period last year[30] Asset and Liability Changes - Total assets decreased by 6.18% to CNY 1,684,861,271.73 compared to the end of the previous year[7] - Non-current assets totaled CNY 1,141,156,667.89, a decrease from CNY 1,248,632,047.45 at the beginning of the year, representing a decline of 8.6%[27] - Total liabilities were CNY 339,958,333.39, down from CNY 382,314,134.08, indicating a decrease of 11.0%[28] - Owner's equity totaled CNY 1,168,629,623.23, a decrease from CNY 1,226,657,247.18, representing a decline of 4.7%[28] - Current liabilities totaled CNY 169,180,517.10, a decrease from CNY 186,268,566.44, reflecting a reduction of 9.6%[27] Cash Flow Analysis - Net cash flow from operating activities was negative at CNY -26,565,343.24, compared to CNY -23,163,853.63 in the previous year[7] - Cash inflows from operating activities totaled ¥385,511,563.09, down from ¥412,690,201.21 in the previous year, reflecting a decrease of 6.6%[37] - The net cash flow from operating activities was -19,986,871.56 RMB, slightly worse than -18,401,275.40 RMB in the previous period, indicating ongoing operational challenges[40] - The ending balance of cash and cash equivalents was 235,701,481.93 RMB, up from 186,192,688.13 RMB in the previous period, indicating a slight improvement in cash reserves[39] Investment Performance - Investment income increased by 44.45% to CNY 22,171,803.56, mainly due to increased gains from the disposal of available-for-sale financial assets[13] - The company sold 1,500,000 shares of Pudong Development Bank, resulting in an investment gain of CNY 21,760,363.06[18] - Total cash inflow from investment activities was 177,634,701.39 RMB, significantly higher than 38,847,794.76 RMB in the previous period, showing increased investment recovery[38] - The net cash flow from investment activities was -22,687,005.61 RMB, a decrease from 8,690,755.69 RMB in the previous period, indicating a negative shift in investment performance[38] Shareholder Information - The number of shareholders reached 13,763 at the end of the reporting period[11] Other Financial Metrics - The weighted average return on equity decreased by 0.02 percentage points to 1.16%[7] - Other comprehensive income decreased significantly, primarily due to a decline in the fair value of available-for-sale financial assets[14] - The company reported a significant other comprehensive loss of ¥75,803,254.09 in Q1 2016, contrasting with a gain of ¥10,125,789.96 in the same period last year[32]