证券代码：900929 证券简称：锦旅B股 公告编号：2019-031 上海锦江国际旅游股份有限公司关于参加 上海辖区上市公司投资者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工作，上海锦江国际旅游股份有限公司（以 下简称"公司"）将参加由上海上市公司协会、上证所信息网络有限公司共同举办 的"2019 年上海辖区上市公司投资者集体接待日"主题活动，现将有关事项公告 如下： 本次集体接待日活动将在上证所信息网络有限公司提供的平台，采取网络远 程 的 方 式 举 行 ， 投 资 者 可 以 登 录 " 上 证 路 演 中 心 " 网 站 （ http://roadshow.sseinfo.com ）或关注微信公众号：上证路演中心 （sse_roadshow），参与公司本次投资者集体接待日活动，活动时间为 2019 年 9 月 26 日（星期四）下午 15:00 至 17:00。届时公司副董事长兼首席执行官包磊先 生、首席财务官庄琦女士、董事会秘书金晶女士将通过网络在线交 ...

Financial Performance - The company's operating revenue for the first half of 2019 was RMB 639,175,808.69, a decrease of 8.98% compared to RMB 702,198,629.24 in the same period last year[19]. - The net profit attributable to shareholders of the listed company was RMB 51,467,897.60, showing a slight increase of 0.37% from RMB 51,276,055.95 in the previous year[19]. - The net cash flow from operating activities was negative at RMB -59,197,662.19, compared to a positive RMB 7,076,814.38 in the same period last year[19]. - The total assets at the end of the reporting period were RMB 1,460,290,109.80, reflecting a 0.82% increase from RMB 1,448,480,205.60 at the end of the previous year[19]. - The net assets attributable to shareholders of the listed company increased by 3.60% to RMB 892,519,979.39 from RMB 861,523,048.63 at the end of the previous year[19]. - The basic earnings per share for the first half of 2019 was RMB 0.3883, up from RMB 0.3868 in the same period last year[20]. - The weighted average return on equity increased to 5.70% from 4.45% in the previous year, an increase of 1.25 percentage points[20]. - Operating profit was CNY 55.06 million, down 19.73% year-on-year, while total profit decreased by 17.76% to CNY 58.46 million[34]. - Net profit attributable to shareholders increased by 0.37% to CNY 51.47 million, primarily due to a decrease in income tax expenses[34]. - The total operating revenue decreased by 8.98% to ¥639,175,808.69 from ¥702,198,629.24 in the previous year[44]. Revenue Breakdown - The tourism and related business accounted for 96.39% of total operating revenue, a decrease of 0.73 percentage points year-on-year[25]. - The company's outbound tourism revenue decreased by 25.97% to ¥193,582,895.10 compared to ¥261,507,979.01 in the same period last year[42]. - The inbound tourism revenue fell by 19.45% to ¥55,141,537.85 from ¥68,458,814.80 year-on-year[42]. - Domestic tourism revenue declined by 23.11% to ¥54,728,413.17, down from ¥71,180,993.32 in the previous year[42]. - Ticketing business revenue decreased by 17.30% to ¥139,897,943.00 compared to ¥169,165,537.69 last year[42]. - The revenue from incentive tourism and related services increased by 54.68% to ¥172,743,626.21, up from ¥111,676,343.57 year-on-year[42]. - Total operating revenue for tourism and related businesses was ¥616,094,415.33, a decrease of 9.66% from ¥681,989,668.39[43]. Operational Challenges - The company is facing significant industry risks due to sensitivity to political, economic, and natural events affecting tourism[81]. - The travel agency business is undergoing reform to unify operations under the "Jinjiang Tourism" brand to enhance competitiveness[77]. - The company is challenged by the rise of online travel agencies, impacting traditional business models and profit margins[82]. - The company plans to strengthen internal controls and develop customized travel products to mitigate operational risks[82]. - Domestic tourism showed a downward trend, with a 7.5% decrease in domestic tourists, totaling 3.15 million visitors[29]. - The outbound tourism market experienced a significant decline, with a 14.8% decrease in organized outbound trips, totaling 2.17 million[29]. Investment and Financial Management - The company's investment income for the period was CNY 44,254,781.53, a decrease of 40.42% compared to the previous year due to reduced gains from the disposal of listed stocks[63]. - The company expanded its direct procurement efforts, increasing the number of direct suppliers from over 30 to nearly 100 this year[36]. - The company reported a total investment income of CNY 8,117,786.49 from the sale of 50,000,091 shares of Agricultural Bank during the reporting period[75]. - The company has engaged in various stock transactions, including the purchase of shares in multiple companies, resulting in various investment gains, such as CNY 34,672.15 from Xian Bank[76]. - The company has implemented strategies to optimize financial asset allocation, enhancing the efficiency of financial assets[75]. Accounting and Financial Reporting - The financial report is prepared in RMB, with the balance sheet as of June 30, 2019, pending further details[115]. - The company will implement the new financial instrument standards starting from January 1, 2019, which includes changes in financial asset classification and impairment provisions[97]. - The new financial instrument standards categorize financial assets into three types: measured at amortized cost, measured at fair value with changes recognized in other comprehensive income, and measured at fair value with changes recognized in profit or loss[97]. - The company adjusted its accounting policies according to the revised financial reporting formats issued by the Ministry of Finance, which had no significant impact on its financial position, operating results, or cash flows[99]. - The company has not experienced any significant accounting errors that require retrospective restatement during the reporting period[99]. Corporate Governance - The company underwent a board restructuring with the election of new directors including Zhang Xiaoqiang as Chairman and Sun Yu as a director[111]. - The ninth board of directors consists of nine members, with independent directors including Li Dapei, Gu Zhongxian, and Zhou Ciming[111]. - The company did not report any changes in controlling shareholders or actual controllers during the period[108]. - The company has a commitment to avoid substantial competition with its subsidiaries post-acquisition, ensuring operational integrity[86]. Future Outlook - The company plans to enhance operational excellence and shift focus from quantity to quality and efficiency in its business model[34]. - The company expects to achieve a total annual revenue of CNY 1,656,200,000, having completed 38.59% of this target in the reporting period[51]. - The company is focusing on deepening its domestic market presence and nationwide expansion in the tourism industry[92].

Financial Performance - Operating revenue for the period was CNY 294,925,325.35, down 6.54% year-on-year[6] - Net profit attributable to shareholders of the listed company was CNY 14,385,877.88, a slight increase of 0.60% compared to the same period last year[6] - Operating profit was CNY 13.87 million, down 32.69% year-on-year[28] - Net profit attributable to shareholders increased by 0.60% to CNY 14.39 million, while net profit excluding non-recurring gains and losses rose significantly by 1,251.10% to CNY 6.29 million[11] - The company’s main business revenue from tourism and related services was CNY 282,985,844.35, with a gross margin of 8.87%, reflecting a year-over-year revenue decrease of 7.37% and a gross margin increase of 2.19 percentage points[31] - The total revenue for the company was CNY 284,652,361.40, with a gross margin of 9.00%, indicating a year-over-year revenue decline of 7.32% but an increase in gross margin by 2.22 percentage points[31] - Total operating revenue for Q1 2019 was CNY 294,925,325.35, a decrease of 6.5% compared to CNY 315,548,278.77 in Q1 2018[49] - Net profit for Q1 2019 was CNY 14,274,898.69, compared to CNY 13,666,018.84 in Q1 2018, reflecting a growth of 4.5%[49] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,416,635,415.11, a decrease of 2.20% compared to the end of the previous year[6] - The total assets as of January 1, 2019, were 1,449,554,455.04 RMB, reflecting a slight increase of 1,074,249.44 RMB compared to the previous year[61] - The total assets were reported at CNY 1,223,394,144.13, with current assets totaling CNY 443,007,547.93[66] - Total liabilities amounted to CNY 584,404,788.79, with current liabilities at CNY 489,296,721.27[62] - The total current liabilities decreased to ¥405,518,340.95 from ¥489,296,721.27, reflecting a reduction of about 17.1%[40] - The company’s total liabilities included accounts payable and accrued expenses amounting to 108,128,351.42 RMB and 64,752,663.41 RMB respectively[61] Cash Flow - The net cash flow from operating activities was negative at CNY -66,594,740.18, compared to CNY -16,747,834.44 in the previous year[6] - Cash flow from operating activities was negative at CNY -66.59 million, worsening from CNY -16.75 million in the same period last year[24] - The cash flow from operating activities for Q1 2019 was negative at -¥66,594,740.18, compared to -¥16,747,834.44 in Q1 2018[55] - The total cash inflow from operating activities was ¥315,989,014.03 in Q1 2019, compared to ¥354,570,459.65 in Q1 2018, reflecting a decrease of 10.9%[55] - Cash outflows for operating activities increased to 108,520,395.04 RMB in Q1 2019, compared to 78,266,114.42 RMB in Q1 2018, marking a 38.7% increase[58] Shareholder Information - The total number of shareholders at the end of the reporting period was 13,396[9] - The largest shareholder, Shanghai Jin Jiang International Hotel (Group) Co., Ltd., held 50.21% of the shares[9] - Total equity attributable to shareholders reached CNY 861,523,048.63, with retained earnings of CNY 294,207,466.73[62] Investment Activities - The company reported a fair value measurement of financial assets totaling CNY 500,331,832.32 at the end of the reporting period, with an initial investment of CNY 347,242,227.86[32] - The investment in Jiangsu Bank resulted in a reportable gain of CNY 27,000,004.05 during the reporting period[32] - The company acquired 745 shares of Huapei Power, generating an investment income of CNY 10,639.36[33] - The overall investment strategy includes monitoring market trends and adjusting holdings based on performance metrics and fair value assessments[32] Other Comprehensive Income - Other comprehensive income increased by 31.96% to CNY 114.82 million, driven by the rise in the fair value of other equity investments[17] - The company reported a significant increase in other comprehensive income, totaling ¥27,000,004.05 in Q1 2019, compared to a loss of ¥46,298,101.70 in Q1 2018[52] Business Strategy - The company is actively restructuring its outbound tourism business and launching new personalized vacation products to enhance market competitiveness[26] - The company committed to ensuring independence in operations and financial reporting following the acquisition of shares from Jinjiang International[34] - The company plans to avoid substantial competition with its subsidiaries as per the commitments made in the acquisition report[33]

Financial Performance - In 2018, the company's operating revenue was CNY 1,519,627,495.36, a decrease of 11.14% compared to CNY 1,710,185,432.74 in 2017[22] - The net profit attributable to shareholders was CNY 63,467,905.06, representing a 3.66% increase from CNY 61,228,732.75 in the previous year[22] - The company's total revenue for the year was CNY 1,519,627,495.35, with a quarterly breakdown showing Q1 at CNY 315,548,278.77, Q2 at CNY 386,650,350.47, Q3 at CNY 418,094,370.75, and Q4 at CNY 399,334,495.37[25] - The net profit attributable to shareholders for the year was CNY 63,467,905.06, with a significant drop in Q4 to CNY 8,276,361.60 from CNY 36,976,247.42 in Q2[25] - The company reported an operating profit of CNY 144.92 million, an increase of 94.19% year-on-year[46] - The revenue from outbound tourism decreased by 28.26% to CNY 557.38 million, while inbound tourism revenue increased by 8.48% to CNY 155.35 million[50] - The company's main business revenue from tourism and related services accounted for 97.32% of total revenue, down 0.73 percentage points from the previous year[52] - The gross profit margin for tourism and related services increased by 0.97 percentage points, primarily due to higher margins in outbound and incentive travel[53] Assets and Liabilities - The total assets at the end of 2018 were CNY 1,448,480,205.60, down 9.64% from CNY 1,603,039,374.36 in 2017[22] - The net assets attributable to shareholders decreased by 24.93% to CNY 861,523,048.63 from CNY 1,147,555,643.09 in 2017[22] - The total current assets as of December 31, 2018, amounted to RMB 716,272,048.64, an increase from RMB 380,494,183.49 at the beginning of the year, reflecting a growth of approximately 88.4%[199] - The total liabilities amounted to ¥584,404,788.79, up from ¥455,907,295.44, reflecting an increase of approximately 28.2%[200] - Total current liabilities increased to ¥489,296,721.27 from ¥320,741,218.16, representing a growth of approximately 52.5% year-over-year[200] - Total non-current liabilities decreased to ¥95,108,067.52 from ¥135,166,077.28, indicating a reduction of about 29.6%[200] Cash Flow - The company reported a net cash flow from operating activities of CNY -72,719,875.31, indicating a decline in operational cash generation[22] - The net cash flow from operating activities was negative in Q1 and Q3, with Q1 at CNY -16,747,834.44 and Q3 at CNY -72,432,967.65[25] - The company's cash flow from investment activities showed a significant increase of 161.64%, reaching CNY 211.25 million[48] - The net cash flow from operating activities for the reporting period was -CNY 72,719,900, a decrease of CNY 19,283,100 compared to the previous year[59] Dividends - The company proposed a cash dividend of CNY 2.40 per 10 shares, totaling CNY 31,813,504.80, with a remaining undistributed profit of CNY 467,991,944.83 to be carried forward[5] - The cash dividend for B shares is set at $0.036561 per share, based on the exchange rate of 1 USD to 6.4003 CNY[112] - The company distributed cash dividends of 2.40 RMB per 10 shares in 2018, with a total cash dividend amounting to 31,813,504.80 RMB, representing 50.13% of the net profit attributable to ordinary shareholders[113] Operational Strategy - The company emphasizes the importance of risk awareness regarding future plans and development strategies[6] - The company implemented a multi-channel marketing strategy, including the launch of a new flagship store and the establishment of a direct sales department, improving overall business performance[43] - The company plans to enhance service quality and innovate content creation in the travel service industry, focusing on niche travel platforms that emphasize cultural and educational experiences[100] - The company aims to improve operational efficiency through precise marketing and refined internal operations, which will help reduce customer acquisition costs[100] - The company is set to accelerate the development of MICE (Meetings, Incentives, Conferences, and Exhibitions), inbound, and study tour businesses, leveraging market recovery opportunities[105] Industry Context - The tourism industry in China has shown steady growth, significantly contributing to the national economy, with a focus on high-quality tourism consumption trends[32] - The overall tourism revenue in China reached ¥5.97 trillion, growing by 10.5% year-on-year, indicating a positive trend in the travel industry[86] - The travel service industry is expected to see increased demand for high-quality services, driving competition beyond just pricing[100] Corporate Governance - The audit report issued by Deloitte Huayong was a standard unqualified opinion, ensuring the accuracy of the financial report[4] - The independent audit of the company's internal control effectiveness was conducted by Deloitte, resulting in a standard unqualified opinion[177] - The company has established a quality leadership team to improve service quality amidst a challenging tourism environment[133] Employee and Community Engagement - The company emphasizes employee rights protection and has completed the "Harmonious Labor Relations" creation activity in June 2018[132] - The company actively participates in social governance and community service activities, enhancing community interaction[134] - The total number of employees in the parent company and major subsidiaries is 816, with 79 in the parent company and 737 in subsidiaries[164] Shareholder Information - The total number of common stock shareholders at the end of the reporting period is 13,399, an increase from 13,347 at the end of the previous month[143] - Shanghai Jin Jiang International Hotel (Group) Co., Ltd. holds 66,556,270 shares, representing 50.21% of the total shares[146] - The actual controller is the Shanghai Municipal State-owned Assets Supervision and Administration Commission, responsible for supervising state-owned assets[151]

Financial Performance - Operating revenue for the first nine months was CNY 1,120,292,999.99, a decrease of 7.94% year-on-year[6] - Net profit attributable to shareholders increased by 5.65% to CNY 55,191,543.46 compared to the same period last year[6] - The weighted average return on equity increased by 0.56 percentage points to 5.01%[6] - In Q3, consolidated operating revenue was CNY 41,809.44 million, a decrease of 13.36% year-on-year[13] - The net profit attributable to shareholders in Q3 was CNY 391.55 million, an increase of 177.02% year-on-year[13] - The company achieved a gross profit margin increase, contributing to the rise in operating profit and net profit[13] - The net profit excluding non-recurring gains and losses for the first nine months was CNY 19,759.36, a significant improvement from the previous year's loss[6] - Total operating revenue for the third quarter was CNY 418,094,370.75, a decrease of 13.4% compared to CNY 482,547,997.92 in the same period last year[41] - Total operating costs amounted to CNY 440,849,563.13, down 9.0% from CNY 484,534,699.93 year-on-year[41] - Net profit for the third quarter reached CNY 3,549,166.34, compared to CNY 745,786.63 in the previous year, marking a significant increase[42] - The company reported a total profit of CNY 3,739,048.56, up from CNY 220,293.24 in the same quarter last year[42] - Earnings per share for the third quarter were CNY 0.0295, compared to CNY 0.0107 in the previous year[43] - Investment income for the third quarter was CNY 27,092,310.93, a substantial increase from CNY 1,522,404.98 year-on-year[42] - The company recorded a total comprehensive income of CNY 24,039,093.38 for the third quarter, compared to CNY 13,951,299.55 in the same period last year[43] - Operating income for the first nine months was CNY 1,120,292,999.99, down 8.0% from CNY 1,216,913,079.44 year-on-year[41] - The company’s total operating costs for the first nine months were CNY 1,150,372,133.39, a decrease of 8.6% compared to CNY 1,258,186,204.78 in the previous year[41] - Operating profit for the first nine months was CNY 22,706,121.04, a decrease of 3.1% compared to the previous year[46] - Total profit for the first nine months reached CNY 22,265,159.36, down 2.6% year-over-year[46] - Net profit for the first nine months was CNY 22,344,195.03, reflecting a decline of 1.6% compared to the same period last year[46] - Comprehensive income totalled CNY 42,834,122.07, a significant increase from CNY 13,031,288.53 in the previous year[47] Assets and Liabilities - Total assets decreased by 9.98% to CNY 1,443,124,129.30 compared to the end of the previous year[6] - Net assets attributable to shareholders decreased by 9.40% to CNY 1,039,741,884.22 compared to the end of the previous year[6] - The total current assets increased to ¥396,646,080.90 from ¥380,494,183.49, representing a growth of approximately 3.0%[35] - Accounts receivable rose to ¥104,686,153.50 from ¥103,142,917.34, indicating a slight increase of about 1.5%[35] - The total non-current assets decreased to ¥1,046,478,048.40 from ¥1,222,545,190.87, reflecting a decline of approximately 14.4%[35] - Total liabilities decreased to ¥403,018,204.89 from ¥455,907,295.44, indicating a decline of about 11.6%[36] - The total equity attributable to shareholders decreased to ¥1,039,741,884.22 from ¥1,147,555,643.09, a drop of approximately 9.4%[37] - Cash and cash equivalents decreased to ¥219,729,166.94 from ¥224,173,241.14, a decline of about 2.0%[34] Cash Flow - The company reported a net cash flow from operating activities of CNY -65,356,153.27 for the first nine months[6] - The net cash flow from operating activities for the current period is -65,356,153.27 CNY, a decrease of 44,475,965.58 CNY compared to the same period last year, primarily due to a reduction in cash received from sales of goods and services[26] - Cash flow from operating activities showed a net outflow of CNY 65,356,153.27, worsening from a net outflow of CNY 20,880,187.69 in the prior year[49] - Cash inflow from investment activities was CNY 100,060,836.54, down from CNY 361,099,155.08 year-over-year[49] - Cash flow from financing activities resulted in a net outflow of CNY 31,018,167.18, compared to a net outflow of CNY 15,142,127.32 in the previous year[50] - The ending cash and cash equivalents balance was CNY 208,126,766.94, compared to CNY 128,265,925.10 at the end of the previous year[50] - The company reported a significant drop in cash flow from operating activities, indicating potential challenges in maintaining liquidity[49] - The net increase in cash and cash equivalents was -7,990,586.40, compared to a decrease of -67,522,377.21 in the previous period[53] - The ending balance of cash and cash equivalents was 127,185,940.43, down from 135,176,526.83 at the beginning of the period[53] Investments and Financial Management - The company has made investments in various listed companies, with a total investment income of 755,943.25 CNY reported from these transactions[32] - The company is actively managing its financial assets, with a focus on optimizing its investment portfolio and minimizing losses[29] - The total initial investment in securities amounts to 403,987,539.93 CNY, with a total book value at the end of the period of 768,663,152.47 CNY, reflecting a loss of 131,987,135.15 CNY during the reporting period[29] - The company received cash dividends totaling 1,283,050.95 CNY from Yuyuan Group, 109,311.25 CNY from Shenwan Hongyuan, and 2,500,000.00 CNY from Pudong Development Bank during the reporting period[29] - The company holds 11,553,172 shares of Yuyuan Group, with a book value of 69,247,012.51 CNY after selling 7,998,740 shares during the reporting period[30] - The company has not reported any significant changes in net profit expectations for the year compared to the previous year[32] - The company has not disclosed any new product developments or technological advancements during the reporting period[32] - There are no overdue commitments that have not been fulfilled during the reporting period[32] Revenue Sources - The company's outbound tourism revenue for the first nine months of 2018 was approximately ¥433.39 million, a decrease of 29.66% compared to ¥616.16 million in the same period of 2017[17] - The inbound tourism revenue increased by 34.38% to ¥104.00 million from ¥77.39 million year-on-year[17] - Domestic tourism revenue slightly decreased by 2.14% to ¥118.04 million from ¥120.62 million in the previous year[17] - The total operating revenue for the first nine months of 2018 was approximately ¥1.12 billion, down 7.94% from ¥1.22 billion in the same period of 2017[17] - The gross profit margin for tourism and related businesses was 7.58%, an increase of 1.18 percentage points compared to the previous year[19] - The company launched new travel routes in Japan, including Honshu, Okinawa, and Hokkaido, which contributed to revenue growth during the peak summer season[16] - The company organized nearly 500 students for educational travel programs and developed 10 new study tour routes, receiving positive feedback from schools[15] - The flagship store in Fuzhou Road opened on August 31, enhancing the company's offline sales channels and customer experience[16] - The company's prepayments increased by 56.46% to ¥59.72 million, primarily due to increased prepayments for outbound tour groups[22] - The company's financial expenses decreased significantly, with a net expense of ¥631,683.12, compared to ¥2.80 million in the same period last year, mainly due to reduced interest income[25]

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]