证券代码：000430 证券简称：张家界 公告编号：2023-023 张家界旅游集团股份有限公司 2023 年第一次临时股东大会决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导 性陈述或重大遗漏。 特别提示： 1、本次股东大会无增加、变更、否决提案的情况； 2、本次会议审议议案均对中小投资者的表决单独计票。 一、会议召开和出席情况 （一）会议召开情况 1、会议召开的日期、时间： 现场会议时间为：2023 年 8 月 8 日 15:00 至 16：00 网络投票时间为：2023 年 8 月 8 日 其中，通过深圳证券交易所交易系统进行网络投票的具体时间 为：2023 年 8 月 8 日上午 9:15-9:25、9：30-11:30，下午 13:00-15:00； 通过深圳证券交易所互联网投票系统投票的具体时间为：2023 年 3 月 3 日上午 9:15-下午 15:00 期间的任意时间。 2、现场会议地点：张家界国际大酒店二楼会议室。 3、会议的召开方式：本次股东大会以现场投票与网络投票相结 合的方式召开。 4、会议召集人：公司董事会。 5、现场会议主持人：公司董事王章利 ...

Financial Performance - The company's operating revenue for Q1 2023 was ¥64,047,448.06, representing a significant increase of 544.13% compared to ¥9,943,298.03 in the same period last year[5] - The net loss attributable to shareholders was ¥30,047,728.28, an improvement of 51.56% from a net loss of ¥62,036,009.11 in Q1 2022[5] - Basic and diluted earnings per share improved to -¥0.07, a 53.33% increase from -¥0.15 in the same quarter last year[5] - The net loss for the quarter was ¥30,047,728.28, an improvement compared to a net loss of ¥62,036,009.11 in the same period last year, reflecting a reduction of approximately 51.6%[19] Cash Flow and Liquidity - The net cash flow from operating activities improved to -¥12,320,122.27, a 75.50% reduction in cash outflow compared to -¥50,282,589.23 in the previous year[5] - Cash flow from operating activities showed a net outflow of ¥12,320,122.27, an improvement from a net outflow of ¥50,282,589.23 in the previous year[20] - Cash and cash equivalents at the end of the period totaled ¥23,414,416.77, down from ¥88,038,757.37 at the end of the previous period, indicating a decrease of approximately 73.4%[21] - The company received cash from financing activities amounting to ¥60,000,000.00, compared to ¥245,000,000.00 in the previous period, a decline of about 75.5%[21] Assets and Liabilities - The total assets at the end of Q1 2023 were ¥2,840,516,043.27, a slight decrease of 0.74% from ¥2,861,679,525.70 at the end of the previous year[5] - The company's current assets totaled CNY 55,989,855.12, up from CNY 48,672,556.81 at the beginning of the year, indicating a growth of approximately 15.5%[14] - The total liabilities of the company were CNY 1,761,832,251.96, slightly increasing from CNY 1,753,296,899.66 at the beginning of the year[15] - The company's long-term borrowings increased to CNY 1,034,300,000.00 from CNY 995,800,000.00, reflecting a rise of about 3.9%[15] - The company's short-term borrowings decreased significantly from CNY 50,068,452.08 to CNY 30,041,868.75, a reduction of approximately 40%[15] Revenue and Costs - Total operating costs increased to ¥101,692,578.49 from ¥87,383,464.23, marking a rise of about 16.5%[17] - Accounts receivable increased by 547.45% to ¥13,411,796.48, primarily due to an increase in passenger transport revenue[9] - The company reported a significant increase in contract liabilities, which rose by 111.99% to ¥2,070,438.70, attributed to an increase in advance ticket sales[9] - The company reported a total cash inflow from operating activities of ¥57,254,638.19, compared to ¥10,711,548.40 in the previous year, representing an increase of approximately 434.5%[20] Other Financial Metrics - The weighted average return on equity improved to -2.75%, up by 1.89% from -4.64% in the previous year[5] - Other income decreased by 38.94% to ¥2,245,328.88, mainly due to a reduction in government subsidies received[9] - The company incurred financial expenses of ¥15,059,524.52, up from ¥13,814,580.78, reflecting an increase of about 9.0%[17] - The company reported a credit impairment loss of ¥1,828,086.03, compared to a loss of ¥25,687.14 in the previous period, indicating a significant increase in credit risk[17]

Financial Performance - The company's operating revenue for 2022 was ¥132,467,997.16, a decrease of 33.34% compared to ¥198,709,253.63 in 2021[18]. - The net profit attributable to shareholders for 2022 was -¥260,046,049.00, representing a decline of 92.37% from -¥135,178,062.10 in the previous year[18]. - The basic earnings per share for 2022 was -¥0.64, a decrease of 93.94% from -¥0.33 in 2021[18]. - The total profit for 2022 was a loss of CNY 275,510,521.51, compared to a loss of CNY 164,223,969.27 in the previous year[198]. - The company's financial expenses increased significantly to CNY 59,571,307.55 in 2022 from CNY 28,650,310.70 in 2021, primarily due to interest expenses rising to CNY 59,807,659.07[198]. - The total comprehensive income for 2022 was a loss of CNY 258,817,999.00, worsening from a loss of CNY 144,088,662.10 in 2021[198]. Cash Flow and Assets - The net cash flow from operating activities was -¥15,704,747.12, which is a 26.21% increase in cash outflow compared to -¥12,442,893.40 in 2021[18]. - Total assets at the end of 2022 amounted to ¥2,861,679,525.70, reflecting a slight increase of 0.73% from ¥2,840,860,164.04 at the end of 2021[18]. - The company's cash and cash equivalents increased to RMB 27.374 million from RMB 12.282 million at the beginning of the year, indicating a significant improvement in liquidity[190]. - The total current assets decreased to RMB 48.673 million from RMB 92.788 million, indicating a reduction in overall asset liquidity[190]. Revenue Breakdown - The revenue after deducting non-core business income was ¥129,837,833.48, down from ¥196,583,003.14 in 2021[18]. - The travel agency service sector generated ¥30,226,063.13, accounting for 22.82% of total revenue, down 24.69% year-on-year[37]. - The tourism passenger transport industry reported revenue of ¥51,269,960.33, representing 38.70% of total revenue, a decline of 32.32% from the previous year[36]. - The hotel service sector's revenue was ¥6,559,524.10, down 32.24% year-on-year, maintaining a stable revenue share of 4.95%[37]. Operational Challenges - The company has reported a continuous operating capability uncertainty as indicated in the audit report[18]. - The company highlighted potential risk factors in its future development outlook section[3]. - The company experienced a significant increase in interest expenses, totaling CNY 58.34 million, up 113.19% from CNY 27.36 million in the previous year[32]. - The company reported a net loss of CNY -150.51 million from the Dayong Ancient City project, an increase in loss of 79.90% compared to the previous year[32]. Strategic Initiatives - The company plans not to distribute cash dividends or issue bonus shares for the year[4]. - The company aims to optimize performance assessment and enhance the linkage between performance and effectiveness in its operations[33]. - The company will deepen marketing innovation and reform to increase revenue, focusing on optimizing structural layout and enhancing personnel motivation[67]. - The company plans to implement a performance evaluation system with an 80% focus on profit completion indicators, linking it to overall employee compensation[65]. Governance and Management - The company has maintained a stable board composition with no significant changes in shareholding among directors during the reporting period[78]. - The management team remains consistent, with no reported layoffs or significant turnover among senior executives[79]. - The company has committed to improving its governance structure and ensuring efficient operations through enhanced internal controls and regular training[69]. Community Engagement - The company actively participated in community service activities, organizing 12 events related to public health and safety, and established 6 volunteer service teams[125]. - In 2022, the company supported rural revitalization projects with funding of 290,000 yuan for various villages, contributing to a collective economic income of 135,800 yuan, a 171.6% increase year-on-year[126]. Future Outlook - In 2023, the company plans to achieve operating revenue of 374.29 million yuan, an increase of 182.55% compared to the previous year, and aims for a net profit loss reduction of 47.90% to -135.25 million yuan[64]. - The company expects a revenue growth of 10% for the upcoming fiscal year, projecting a total revenue of approximately 1.32 billion RMB[88]. - The company is exploring potential acquisitions of smaller tourism firms to diversify its service offerings and increase market share[88].

Financial Performance - The company's operating revenue for Q3 2022 was ¥81,457,213.88, representing a 55.34% increase compared to the same period last year[5] - The net profit attributable to shareholders was -¥26,563,227.35, a decrease of 15.50% year-on-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥29,337,656.62, a decrease of 11.57% compared to the previous year[5] - The company reported a 36.23% decline in operating revenue year-to-date, totaling ¥108,051,258.07, primarily due to reduced tourist numbers from the COVID-19 pandemic[9] - Total operating revenue for Q3 2022 was ¥108,051,258.07, a decrease of 36.2% compared to ¥169,441,600.44 in the same period last year[18] - Net loss for Q3 2022 was ¥143,793,717.10, compared to a net loss of ¥58,415,831.38 in Q3 2021, representing a 146.2% increase in losses[19] - The total comprehensive income for the period was -143,793,717.10 CNY, compared to -58,415,831.38 CNY in the previous period, indicating a significant decline[20] Assets and Liabilities - The total assets at the end of the reporting period were ¥2,859,450,279.91, an increase of 0.65% from the end of the previous year[5] - The company's total assets amounted to ¥2,859,450,279.91, slightly up from ¥2,840,860,164.04 at the end of the previous quarter[16] - Current liabilities decreased to ¥251,539,302.82 from ¥447,583,947.24, a reduction of 43.7%[16] - Long-term borrowings increased significantly to ¥1,120,410,000.00 from ¥757,510,000.00, marking a rise of 47.9%[16] - The company's total liabilities decreased by 69.70% in short-term borrowings, amounting to ¥50,062,229.16[9] Shareholder Information - The total number of common shareholders at the end of the reporting period is 31,901[11] - The largest shareholder, Zhangjiajie Economic Development Investment Group, holds 27.83% of shares, totaling 112,653,131 shares[12] - The second-largest shareholder, Zhangjiajie Wulingyuan Tourism Industry Development Co., holds 7.47% of shares, totaling 30,239,920 shares[12] - The top ten shareholders collectively hold 35.30% of the total shares, amounting to 142,893,051 shares out of 404,817,686 total shares[12] - There are no preferred shareholders reported in the current financial summary[13] Cash Flow and Expenses - The cash flow from operating activities for the year-to-date was ¥8,889,769.18, showing a significant increase of 179.49%[5] - The company's cash and cash equivalents increased to ¥55,349,067.01 as of September 30, 2022, compared to ¥12,282,113.33 at the beginning of the year[14] - Financial expenses increased by 196.12% to ¥44,073,718.50, attributed to increased loan amounts and interest expenses[9] - Management expenses decreased to ¥39,101,744.54 from ¥52,833,999.82, a reduction of 26.1%[19] - The company reported a significant increase in tax expenses, with a total of ¥24,553,327.86 for the quarter compared to ¥14,749,843.76 in the previous year[19] Other Financial Metrics - The company's basic and diluted earnings per share were both -¥0.07, reflecting a 12.50% improvement year-on-year[5] - Basic and diluted earnings per share were both -0.36 CNY, worsening from -0.14 CNY in the previous period[20] - Cash inflow from operating activities totaled 171,160,732.96 CNY, slightly down from 175,348,954.42 CNY in the previous period[21] - The net cash flow from operating activities was 8,889,769.18 CNY, a recovery from -11,183,548.31 CNY in the previous period[22] - Cash outflow for investing activities was 111,709,274.38 CNY, up from 100,758,762.74 CNY in the previous period[22] - The net cash flow from investing activities was -109,036,674.38 CNY, worsening from -95,489,897.74 CNY in the previous period[22] - Cash inflow from financing activities was 365,000,000.00 CNY, an increase from 255,000,000.00 CNY in the previous period[22] - The net cash flow from financing activities was 143,213,858.88 CNY, slightly up from 140,860,640.21 CNY in the previous period[22] - The ending balance of cash and cash equivalents was 55,038,567.01 CNY, down from 71,785,566.63 CNY in the previous period[22] Audit and Reporting - The third quarter report was not audited[23] - The company has not disclosed any significant new strategies or product developments in the current report[13]

Financial Performance - The company's operating revenue for the first half of 2022 was ¥26,594,044.19, a decrease of 77.27% compared to ¥117,004,880.13 in the same period last year[19]. - The net loss attributable to shareholders was ¥117,230,489.75, representing a 334.50% increase in losses compared to ¥26,980,671.39 in the previous year[19]. - Basic and diluted earnings per share were both -¥0.29, a decline of 314.29% compared to -¥0.07 in the previous year[19]. - The weighted average return on equity was -8.96%, a decrease of 7.16% from -1.80% in the same period last year[19]. - The company reported a total of ¥7,719,003.71 in non-recurring gains and losses during the reporting period[23]. - The company reported a revenue of CNY 26.59 million, a decrease of 77.27% year-on-year due to the ongoing impact of COVID-19 on tourism[30]. - The net profit attributable to shareholders was CNY -117.23 million, representing a year-on-year increase in losses of 334.50%[30]. - The total revenue for the travel agency services sector was CNY 2,905,651.38, representing a decrease of 79.68% compared to the same period last year[34]. - The hotel services sector reported revenue of CNY 2,756,477.54, down 49.67% year-over-year, with a gross margin of -158.40%[34]. - The total revenue from the tourism passenger transport industry was CNY 9,910,628.27, reflecting a decline of 81.31% compared to the previous year[34]. Cash Flow and Liquidity - The net cash flow from operating activities improved by 70.53%, amounting to -¥2,658,240.17, compared to -¥9,019,347.69 in the same period last year[19]. - The company maintained a cash and cash equivalents net increase of CNY 135.79 million, a 282.89% increase compared to the previous period[30]. - Cash and cash equivalents rose significantly to CNY 148,077,100.73 from CNY 12,282,113.33, marking an increase of 1,107.5%[107]. - The cash inflow from other operating activities was 68,849,633.50 CNY, a substantial increase from 376,027.24 CNY in the first half of 2021[121]. - The cash flow from financing activities generated a net inflow of ¥134,964,106.21, compared to ¥24,500,000.00 in the prior period, indicating a significant increase[125]. Assets and Liabilities - The total assets at the end of the reporting period were ¥2,959,866,932.80, an increase of 4.19% from ¥2,840,860,164.04 at the end of the previous year[19]. - The total liabilities increased to CNY 1,709,027,074.45 from CNY 1,473,557,038.12, which is an increase of 16.0%[109]. - Long-term borrowings rose to CNY 1,099,330,000.00 from CNY 757,510,000.00, representing an increase of 45.1%[109]. - The company reported a total investment of CNY 91,607,512.53 during the reporting period, a decrease of 32.60% compared to CNY 135,915,973.89 in the same period last year[41]. - The company’s total assets were significantly impacted by the pandemic, with a notable decline in revenue across all sectors, particularly in tourism and hospitality[34]. Shareholder Information - Total number of common stock shareholders at the end of the reporting period is 39,143[93]. - The largest shareholder, Zhangjiajie Economic Development Investment Group Co., Ltd., holds 27.83% of shares, totaling 112,653,130 shares[93]. - The report indicates a diverse shareholder base, including state-owned enterprises and private investors[93]. - The company has several shareholders with pledged shares, indicating potential liquidity concerns[93]. - The total number of shares held by the top five shareholders accounts for a significant portion of the company's equity[93]. Strategic Initiatives and Future Outlook - The company is focusing on adjusting marketing strategies to increase market share and revenue, particularly through targeted promotions in key markets[52]. - The company aims to revitalize resources in the Duyong Ancient City to create new revenue streams[52]. - The company plans to expand its market presence and invest in new product development to drive future growth[132]. - The company has set a target to increase its revenue by 5% in the next fiscal year through strategic initiatives[132]. - The company is exploring potential mergers and acquisitions to strengthen its market position and diversify its portfolio[132]. Risk Management and Compliance - The company has outlined potential risks and countermeasures in its management discussion and analysis section[3]. - The company has not faced any environmental penalties or issues during the reporting period[61]. - There were no significant asset or equity sales during the reporting period[48][49]. - The company did not engage in any major related party transactions during the reporting period[71]. - The half-year financial report has not been audited[68]. Accounting and Financial Reporting - The financial statements are prepared based on the assumption of continued operations and comply with the latest accounting standards issued by the Ministry of Finance[152]. - The company’s financial report reflects its financial position, operating results, and cash flows accurately[152]. - The company recognizes expected credit losses for financial assets measured at amortized cost and fair value, considering all reasonable and supportable information[176]. - The company applies a three-stage model for credit impairment, with different accounting treatments based on the credit risk increase since initial recognition[177]. - The company recognizes foreign currency translation differences as other comprehensive income, except for certain capitalized foreign currency borrowings[169].

Financial Performance - The company's revenue for Q1 2022 was ¥9,943,298.03, a decrease of 62.86% compared to ¥26,773,475.08 in the same period last year[3]. - The net profit attributable to shareholders was -¥62,036,009.11, representing a decline of 96.20% from -¥31,618,834.59 year-over-year[3]. - The net cash flow from operating activities was -¥50,282,589.23, a decrease of 50.89% compared to -¥33,324,698.29 in the previous year[3]. - The company reported a net loss of CNY 10,084,260.39 for the period, compared to a profit of CNY 51,951,748.72 at the beginning of the year[15]. - The net profit for the current period is a loss of ¥62,036,009.11, compared to a loss of ¥31,618,834.59 in the previous period, indicating a worsening of approximately 96.5%[18]. - The company’s total comprehensive income for the current period is a loss of ¥62,036,009.11, compared to a loss of ¥31,618,834.59 in the previous period, reflecting a decline of approximately 96.5%[18]. Assets and Liabilities - Total assets increased by 4.99% to ¥2,982,600,793.65 from ¥2,840,860,164.04 at the end of the previous year[3]. - Current assets amounted to CNY 178,862,903.23, significantly up from CNY 92,787,856.90 at the start of the year, indicating a growth of approximately 92.7%[13]. - The total assets of Zhangjiajie Tourism Group reached CNY 2,982,600,793.65 as of March 31, 2022, an increase from CNY 2,840,860,164.04 at the beginning of the year[12]. - Total liabilities rose to CNY 1,676,989,356.29 from CNY 1,473,557,038.12, marking an increase of approximately 13.8%[14]. - The total equity attributable to shareholders decreased to CNY 1,305,611,437.36 from CNY 1,367,303,125.92, reflecting a decline of approximately 4.5%[15]. Cash Flow and Liquidity - Cash and cash equivalents at the end of the period increased to ¥88,038,757.37 from ¥36,063,274.63, showing a significant improvement in liquidity[21]. - The company's cash and cash equivalents increased to CNY 88,349,257.37 from CNY 12,282,113.33, representing a growth of about 620.5%[12]. - The total cash inflow from financing activities was ¥245,000,000.00, up from ¥125,000,000.00 in the previous period, representing an increase of 96%[21]. Operating Costs and Expenses - The company experienced a 33.74% increase in operating costs, totaling ¥52,490,381.28, attributed to increased depreciation of new assets[6]. - Total operating costs increased to ¥87,383,464.23 from ¥63,487,466.15, marking an increase of about 37.6%[16]. - The company incurred financial expenses of ¥13,814,580.78, a substantial increase from ¥1,111,833.19 in the previous period, reflecting a rise of approximately 1131.5%[16]. - The company reported a significant increase in financial expenses, which rose by 1142.50% to ¥13,814,580.78 due to the absence of capitalized interest[6]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 26,816[9]. - The largest shareholder, Zhangjiajie Economic Development Investment Group Co., Ltd., holds 27.83% of the shares, amounting to 112,653,131 shares[9]. Other Financial Metrics - The weighted average return on equity was -4.64%, down from -2.11% in the same period last year, a decrease of 2.53%[3]. - The company's basic earnings per share for the current period is -¥0.15, compared to -¥0.08 in the previous period, indicating a decline in profitability per share[18]. - The total amount of non-recurring gains and losses was ¥5,268,071.72, primarily from government subsidies and other income[5]. - The company reported an investment income of ¥2,541,000.00 for the current period, with no such income reported in the previous period[19]. - Accounts receivable decreased to CNY 464,719.81 from CNY 607,964.12, indicating a decline of about 23.5%[13]. - Inventory slightly decreased to CNY 3,965,326.31 from CNY 4,036,223.60, a reduction of approximately 1.8%[13]. - The company's short-term borrowings decreased to CNY 150,383,563.20 from CNY 165,216,597.94, a reduction of about 8.5%[14]. - The company’s long-term borrowings increased to CNY 982,661,548.61 from CNY 757,510,000.00, an increase of about 29.7%[14].

Financial Performance - The company's operating revenue for 2021 was ¥198,709,253.63, representing a 17.44% increase compared to ¥169,196,685.24 in 2020[24]. - The net profit attributable to shareholders was -¥135,178,062.10, a decline of 46.61% from -¥92,205,465.44 in the previous year[24]. - The net cash flow from operating activities improved by 42.45%, reaching -¥12,442,893.40 compared to -¥21,621,183.64 in 2020[24]. - The total assets at the end of 2021 amounted to ¥2,840,860,164.04, an increase of 1.62% from ¥2,795,611,103.77 in 2020[24]. - The net assets attributable to shareholders decreased by 9.57% to ¥1,367,303,125.92 from ¥1,512,082,326.15 in 2020[24]. - The basic earnings per share were -¥0.33, a decrease of 43.48% from -¥0.23 in the previous year[24]. - The company reported a decrease in the weighted average return on equity to -9.39% from -5.92% in 2020[24]. - The revenue after deducting non-operating income was ¥196,583,003.14, compared to ¥169,044,442.77 in 2020[24]. - The company reported a total revenue of 1.2 billion RMB in 2021, representing a 15% increase compared to 2020[94]. - The company achieved a net profit margin of 12% for 2021, up from 10% in 2020[94]. Operational Developments - The company plans not to distribute cash dividends or issue bonus shares[7]. - The company is actively exploring strategic investors to support future development in the cultural tourism sector[39]. - The company is focusing on the integration of culture and tourism as a key strategy for its development during the 14th Five-Year Plan[39]. - The company plans to achieve operating revenue of 365.0168 million yuan in 2022, closely monitoring the pandemic's impact[81]. - The company aims to transition its tourism business from traditional sightseeing to a combination of sightseeing, leisure, and vacation services[81]. - The company is focusing on resource integration and marketing reform to enhance operational efficiency and revenue generation[82]. - The company is actively promoting the marketing of tourism products to capture domestic market opportunities post-pandemic[83]. Visitor Statistics - The total number of ticketed visitors in 2021 reached 3.1105 million, an increase of 24.14% from 2.5056 million in 2020[38]. - The number of visitors to the Eco Transport service increased by 46.99% to 1.79 million, while revenue rose by 17.01% to ¥75.77 million[43]. - User data showed a growth in active users by 25% year-over-year, reaching 5 million active users by the end of 2021[95]. - User data indicates that the number of visitors to Zhangjiajie National Forest Park increased by 30% in 2021, reaching 3 million visitors[112]. Project Developments - The company has completed the construction of the Dayong Ancient City project, which integrates leisure, sightseeing, and entertainment[39]. - The Duyong Ancient City project achieved a usable state by June 2021, with fixed asset depreciation of 38,929,100 yuan[77]. - The full subsidiary "Duyong Ancient City" and the flying cinema "Fly Over Zhangjiajie" began trial operations on June 17, 2021[179]. Financial Management - The company is actively pursuing cost reduction strategies, including strict control of labor costs and seeking government tax relief policies[40]. - The company benefited from tax reductions and refunds totaling ¥17.66 million during the reporting period[40]. - Financial expenses surged by 622.52% to ¥28.65 million due to increased bank loans, totaling ¥833.24 million, which rose by ¥189.70 million year-on-year[44]. - The company has established a comprehensive internal control system that effectively covers governance and operational management, with no significant deficiencies reported during the period[139][140]. Shareholder Relations - The company emphasizes strengthening investor relations and ensuring the protection of shareholder rights[82]. - The company maintains independence from its controlling shareholder in terms of personnel, assets, finance, and operations[89]. - The company has established a transparent performance evaluation system for its directors and senior management[88]. - The annual shareholders meeting had an investor participation rate of 35.36% on May 18, 2021[90]. - The first extraordinary shareholders meeting had an investor participation rate of 32.40% on July 6, 2021[90]. Future Outlook - The company provided a revenue guidance for 2022, expecting a growth of 10% to 1.32 billion RMB[94]. - The company is considering strategic acquisitions to enhance its service offerings, with a budget of 100 million RMB allocated for potential mergers and acquisitions[103]. - Future performance guidance indicates a projected revenue growth of 10% year-over-year for the next fiscal year[117]. Community Engagement - The company contributed 1.2 million RMB to support local pandemic control efforts and achieved "zero infection" during the COVID-19 outbreak[146]. - A total of 370,000 RMB was allocated for rural revitalization efforts, with management personnel actively participating in support activities for local communities[147]. Compliance and Governance - The company has committed to maintaining compliance with relevant laws and regulations in its operations[127]. - The internal control audit report confirmed that the company maintained effective internal control over financial reporting as of December 31, 2021, with a standard unqualified opinion issued[143]. - There were no significant lawsuits or arbitration matters during the reporting period[159].

Financial Performance - The company's operating revenue for Q3 2021 was ¥52,436,720.31, a decrease of 23.48% compared to the same period last year[3] - The net profit attributable to shareholders for Q3 2021 was -¥31,435,159.99, representing a significant decline of 1,871.73% year-on-year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥33,177,967.42, a decrease of 2,469.53% compared to the previous year[3] - The basic earnings per share for Q3 2021 was -¥0.080, a decrease of 1,918.18% year-on-year[3] - The weighted average return on equity was -2.14%, a decrease of 2.26% compared to the previous year[3] - Net profit for the period was a loss of CNY 58,415,831.38, slightly improved from a loss of CNY 59,815,668.07 in the previous year[20] - The company reported a basic and diluted earnings per share of -0.14, compared to -0.15 in the previous year[20] Assets and Liabilities - The total assets at the end of the reporting period were ¥2,912,657,028.57, an increase of 4.19% from the end of the previous year[4] - As of September 30, 2021, the total assets of Zhangjiajie Tourism Group amounted to CNY 2,912,657,028.57, an increase from CNY 2,795,611,103.77 at the end of 2020, reflecting a growth of approximately 4.4%[14] - The total current liabilities increased to CNY 373,000,000.00, up from CNY 200,000,000.00, marking an increase of about 86.5%[15] - Total liabilities increased to CNY 1,459,470,983.88 from CNY 1,283,528,777.62 year-on-year, reflecting a growth of 13.7%[19] - Total liabilities were CNY 1,283,528,777.62, remaining stable compared to the previous year[29] Cash Flow - The net cash flow from operating activities for the year-to-date was -¥11,183,548.31, showing an increase of 88.90% compared to the previous year[3] - Cash flow from operating activities showed a net outflow of CNY 11,183,548.31, an improvement from a net outflow of CNY 100,785,482.38 in the same period last year[23] - Cash inflow from operating activities totaled CNY 175,348,954.42, compared to CNY 98,376,069.98 in the previous year, indicating a significant increase[23] - The net cash inflow from investment activities was CNY 5,268,865, a decrease of 41.5% compared to CNY 8,916,677.83 in the same period last year[24] - The net cash outflow from investment activities was CNY 95,489,897.74, compared to CNY 149,147,154.56 in the previous year, indicating an improvement of 36.0%[24] - The net cash flow from financing activities was CNY 140,860,640.21, down 40% from CNY 233,883,642.57 in Q3 2020[24] - The total cash and cash equivalents at the end of Q3 2021 amounted to CNY 71,785,566.63, an increase of 59.5% from CNY 37,598,372.47 at the beginning of the period[24] Shareholder Information - The company reported a total of 25,767 common shareholders at the end of the reporting period[10] - The major shareholder, Zhangjiajie Economic Development Investment Group Co., Ltd., holds 27.83% of the shares, amounting to 112,653,131 shares[10] - Zhangjiajie Tourism Group's major shareholders include Zhangjiajie Economic Development Investment Group, holding 39,574,245 shares, representing 9.8% of total shares[12] Operational Impact - The company experienced a significant impact on its performance due to the closure of all scenic spots in Zhangjiajie caused by the spillover of the pandemic[8] Investment and Development - The company has plans for market expansion and new product development, although specific details were not disclosed in the report[19] Accounting and Standards - The company has not undergone an audit for the Q3 2021 report, indicating that the figures are unaudited[30] - The company has implemented new leasing standards starting in 2021, which may affect future financial reporting[25] Other Financial Metrics - The company's cash and cash equivalents increased to CNY 72,096,066.63 from CNY 37,917,085.17, representing an increase of about 90.0% year-over-year[14] - Short-term borrowings rose significantly to CNY 198,247,502.11, compared to CNY 63,067,183.34 at the end of 2020, indicating a substantial increase of approximately 214.5%[15] - The company reported a total of CNY 656,331,780.63 in investment properties, a significant increase from CNY 15,079,024.73, indicating a growth of approximately 4,261.5%[15] - The total non-current assets amounted to CNY 2,724,732,914.26, up from CNY 2,656,307,748.70, reflecting an increase of about 2.6%[15] - The company's accounts receivable increased to CNY 2,281,395.62 from CNY 1,360,005.67, representing a growth of approximately 67.7%[14] - The inventory level rose to CNY 3,955,880.28, compared to CNY 3,817,198.10, indicating an increase of about 3.6%[14] - The company’s total equity attributable to shareholders was CNY 1,000,000,000.00, reflecting a stable position compared to previous periods[15] - Total equity attributable to shareholders of the parent company decreased to CNY 1,453,186,044.69 from CNY 1,512,082,326.15, a decline of 3.9%[19]

Financial Performance - The company's operating revenue for the first half of 2021 was ¥117,004,880.13, representing a 226.68% increase compared to ¥35,816,233.25 in the same period last year[22]. - The net profit attributable to shareholders was -¥26,980,671.39, an improvement of 56.20% from -¥61,595,539.41 year-on-year[22]. - The net cash flow from operating activities was -¥9,019,347.69, showing a significant improvement of 91.63% compared to -¥107,750,697.84 in the previous year[22]. - The total revenue for the Zhangjiajie Tourism Group in the first half of 2021 was CNY 116,016,192.21, representing an increase of 11.59% compared to the same period last year[42]. - The company reported a total profit loss of ¥33,229,819.83 for the first half of 2021, down from a loss of ¥66,029,097.73 in the first half of 2020, a reduction of 49.7%[120]. - The total comprehensive loss for the first half of 2021 was ¥26,980,671.39, compared to a comprehensive loss of ¥61,589,932.65 in the first half of 2020, indicating a 56.2% improvement[121]. Assets and Liabilities - The total assets at the end of the reporting period were ¥2,924,613,090.03, an increase of 4.61% from ¥2,795,611,103.77 at the end of the previous year[22]. - The total liabilities increased to CNY 1,440,017,967.22 from CNY 1,283,528,777.62, indicating a rise of 12.2%[112]. - The company has pledged assets totaling CNY 1,781,582,366.74 for various loans, indicating a significant level of leverage[48]. - The company’s accounts receivable increased to CNY 5,722,273.86, up from CNY 1,360,005.67, reflecting a growth of 320.00%[44]. - The total equity attributable to shareholders decreased to CNY 1,484,595,122.81 from CNY 1,512,082,326.15, a decline of 1.8%[113]. Operational Highlights - The number of tourists received by the environmental passenger transport service reached 1.1698 million, a year-on-year increase of 368.29%[34]. - The operating revenue from the environmental passenger transport service was 53,015,311.61 CNY, a year-on-year increase of 315.22%[40]. - The hotel service segment generated operating revenue of 5,476,342.56 CNY, a year-on-year increase of 87.66%[40]. - The gross profit margin for the sightseeing tram service was 51.64%, reflecting a year-on-year increase of 68.58%[41]. - The company’s main business structure remained unchanged during the reporting period[32]. Market and Strategic Initiatives - The company plans to enhance market marketing efforts and improve product quality to increase efficiency and resilience against market risks[60]. - The company is actively planning for product transformation and upgrading of scenic area offerings to improve risk resistance[60]. - The company plans to focus on market expansion and new product development in the upcoming quarters[141]. - Zhangjiajie Tourism Group plans to expand its market presence by launching new tourism packages and enhancing digital marketing strategies[147]. - The company is exploring potential mergers and acquisitions to strengthen its market position and diversify its service offerings[147]. Social Responsibility and Governance - The company allocated 100,000 RMB for poverty alleviation efforts in Sangzhi County, demonstrating its commitment to social responsibility[69]. - A dedicated team of 2 employees was formed to assist in rural revitalization efforts in Xiayuanzi Village[69]. - The company has employed 4 disabled individuals, showcasing its commitment to social inclusion[69]. - The company has committed to avoiding competition with its controlling shareholder and ensuring fair practices in related transactions[71]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[69]. Shareholder Information - The total share count was 404,817,686, with 73,078,886 shares (18.05%) being restricted and 331,738,800 shares (81.95%) being unrestricted[93]. - The largest shareholder, Zhangjiajie Economic Development Investment Group Co., Ltd., holds 27.83% of shares, totaling 112,653,131 shares[96]. - The total number of ordinary shareholders at the end of the reporting period was 30,608[96]. - The company has not undergone any changes in its controlling shareholder during the reporting period[100]. Financial Reporting and Compliance - The half-year financial report was not audited, indicating a lack of external validation for the financial data presented[75]. - The financial statements are prepared in accordance with the latest accounting standards issued by the Ministry of Finance, reflecting the company's financial position and operating results accurately[159]. - The company has maintained its ability to continue as a going concern for at least 12 months from the reporting date[158]. Risks and Challenges - The company faced major risks due to the impact of the COVID-19 pandemic, particularly the Delta variant outbreak in July 2021, which severely affected business operations[59]. - The management has indicated a cautious outlook for the remainder of 2021, considering the ongoing impacts of the pandemic on the tourism industry[134].

Financial Performance - The company's operating revenue for Q1 2021 was ¥26,773,475.08, representing a 145.41% increase compared to ¥10,909,525.46 in the same period last year[9]. - The net profit attributable to shareholders was a loss of ¥31,618,834.59, which is an improvement of 13.89% from a loss of ¥36,717,801.31 in the previous year[9]. - The net cash flow from operating activities improved to -¥33,324,698.29, a 67.42% increase compared to -¥102,283,389.72 in the same period last year[9]. - The basic earnings per share improved to -¥0.0781 from -¥0.0907, marking a 13.89% improvement[9]. - The weighted average return on equity was -2.11%, an improvement of 0.21% from -2.32% in the previous year[9]. - The net profit for the first quarter was a loss of ¥88,998,969.25, compared to a loss of ¥8,100,810.89 in the same period last year, indicating a deterioration in performance[40]. - The total comprehensive income for the period was -¥88,998,969.25, compared to -¥8,100,810.89 in the previous year, reflecting a significant decline[41]. Assets and Liabilities - The total assets at the end of the reporting period were ¥2,827,491,452.55, reflecting a 1.14% increase from ¥2,795,611,103.77 at the end of the previous year[9]. - The total liabilities were 1.35 billion yuan, an increase from 1.28 billion yuan at the end of 2020[28]. - Total current assets decreased to CNY 231,257,774.00 as of March 31, 2021, down from CNY 323,628,700.60 at the end of 2020, a decline of about 28.6%[31]. - The total equity attributable to shareholders of the parent company was CNY 1,475,825,972.34 as of March 31, 2021, down from CNY 1,564,756,178.89 at the end of 2020, a decrease of about 5.7%[32]. - The company's total liabilities and equity amounted to CNY 1,499,993,115.96 as of March 31, 2021, down from CNY 1,593,329,235.59 at the end of 2020, a decrease of approximately 5.9%[32]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 27,587[12]. - The largest shareholder, Zhangjiajie Economic Development Investment Group, holds 27.83% of the shares, amounting to 112,653,131 shares[12]. Visitor and Revenue Growth - The company received 412,200 ticketed visitors, an increase of 261,600 compared to the same period last year, representing a growth of 173.71%[16]. - The subsidiary "Environmental Passenger Transport" saw ticket sales increase to 223,200 visitors, a growth of 240.76% year-on-year, with operating revenue rising to 10.95 million yuan, up 371.25%[16]. - The "Yuanjiajie Cableway" recorded 102,300 visitors, a year-on-year increase of 209.06%, with operating revenue of 6.91 million yuan, up 306.75%[16]. Cash Flow and Investments - The company reported a financial asset impairment loss of ¥87,282,311.61, compared to ¥8,663,036.92 in the previous year, indicating increased financial strain[40]. - The company raised ¥125,000,000.00 through borrowings during the quarter, slightly up from ¥123,500,000.00 in the previous year[45]. - The company’s total cash outflow from investing activities was ¥63,710,895.70, significantly higher than ¥22,347,038.33 in the previous year, indicating increased investment activity[45]. Other Financial Metrics - Total operating costs for Q1 2021 amounted to CNY 63,487,466.15, compared to CNY 53,333,999.42 in Q1 2020, indicating an increase of about 19.5%[35]. - The company reported a significant increase in sales expenses, which totaled CNY 2,280,748.20 in Q1 2021, compared to CNY 2,689,758.83 in Q1 2020, a decrease of about 15.2%[35]. - The company has no significant financial investments or derivative investments during the reporting period[18][19]. - There were no overdue commitments from controlling shareholders or related parties during the reporting period[17].