Financial Performance - The company's operating revenue for 2020 was ¥169,196,685.24, a decrease of 60.21% compared to ¥425,258,692.37 in 2019[19]. - The net profit attributable to shareholders for 2020 was a loss of ¥92,205,465.44, representing a decline of 933.99% from a profit of ¥11,055,878.66 in 2019[19]. - The net cash flow from operating activities was negative at ¥21,621,183.64, down 113.87% from ¥155,829,995.12 in 2019[19]. - The basic earnings per share for 2020 was -¥0.23, compared to ¥0.03 in 2019, marking a decrease of 866.67%[19]. - The total revenue from travel agency services was 25,723,744.00, a decrease of 74.18% compared to 99,609,825.54 in 2019[51]. - The company reported a total revenue of 64,758,525 with a net loss of 25,313,910[74]. - The company reported a net loss of 200 million RMB for 2020, primarily due to the impact of the COVID-19 pandemic on tourism[156]. - The company reported a net loss of 50 million yuan for 2020, compared to a profit of 200 million yuan in 2019[168]. Assets and Liabilities - Total assets at the end of 2020 amounted to ¥2,795,611,103.77, an increase of 4.78% from ¥2,668,026,912.74 at the end of 2019[19]. - The net assets attributable to shareholders decreased by 5.64% to ¥1,512,082,326.15 at the end of 2020 from ¥1,602,499,905.75 at the end of 2019[19]. - The total amount of cash and cash equivalents decreased by 92,262,441.75, marking an 875.61% decline from the previous year[59]. - The total amount of cash outflow from investment activities increased by 45.73% to 307,775,282.97, compared to 211,192,320.83 in 2019[59]. - The company reported a significant increase in contract liabilities, with the end-of-period amount rising by CNY 1,318,915.85 and the beginning-of-period amount increasing by CNY 2,538,648.42[97]. Operational Challenges - The company reported a significant decline in both net profit and operating revenue, indicating challenges in the tourism sector due to external factors[19]. - The company has identified potential risks in its future development outlook, which investors should be aware of[6]. - The company experienced a significant decline in the travel agency service revenue, which was CNY 28.79 million, down 74.03% from CNY 110.85 million in 2019[1][4]. - The company faces challenges from increased competition and the need to upgrade the quality of its attractions[78]. Strategic Initiatives - The company is focusing on transforming its tourism business from traditional sightseeing to a combination of leisure and vacation experiences[83]. - The company aims to enhance its market share and profitability by integrating culture and sports into its tourism offerings[80]. - The company is implementing measures to mitigate the impact of COVID-19, including strict cost control and market promotions[82]. - The company is looking to capitalize on the recovery of the tourism industry post-pandemic to strengthen its market position[77]. - The company is focusing on enhancing operational efficiency by strengthening project initiatives and cultivating competitive advantages, particularly through the promotion of the core project "Duyong Ancient City" which is expected to open within the year[87]. Shareholder and Governance - The company has not distributed cash dividends or issued new shares from capital reserves in the past three years, including the current reporting period[91]. - The net profit attributable to ordinary shareholders for 2020 was -92,205,465.44 yuan, with a cash dividend payout ratio of 0.00%[92]. - The company has maintained a continuous relationship with Tianzhi International Accounting Firm for 12 years, with an audit fee of CNY 550,000 for the current period[100]. - The company has established a governance structure that complies with the regulations set by the China Securities Regulatory Commission, ensuring effective communication with shareholders[183]. Employee and Management - The total number of employees in the company is 1,074, with 51 in the parent company and 1,023 in major subsidiaries[175]. - The total pre-tax remuneration for the board of directors and senior management during the reporting period is 336.47 million yuan[174]. - The company has established a performance evaluation and incentive mechanism for directors, supervisors, and senior management, ensuring transparency and compliance with legal regulations[184]. - The management team is committed to strategic planning and operational efficiency to drive growth in the tourism sector[151]. Community and Environmental Responsibility - The company invested a total of 540,000 RMB in poverty alleviation efforts, helping 60 individuals and supporting 2 communities[118]. - The company actively participated in COVID-19 prevention efforts, including donations and providing accommodation for travelers from Hubei[118]. - The company has focused on ecological protection by increasing the use of gas and new energy vehicles[118]. - The management team emphasized the importance of sustainability initiatives, with plans to allocate 5% of the annual budget towards environmental conservation projects[168].

Financial Performance - Operating revenue for the reporting period was ¥68,525,142.69, a decrease of 55.57% year-on-year[8] - Net profit attributable to shareholders was ¥1,774,264.58, down 94.38% compared to the same period last year[8] - Basic earnings per share were ¥0.0044, a decrease of 94.36% compared to the previous year[8] - The company reported a revenue of 10,434.14 million yuan, a decrease of 67.82% compared to 32,425.55 million yuan in the same period last year[16] - The net profit attributable to shareholders was -5,982.13 million yuan, down 250.22% from a profit of 3,982.29 million yuan in the previous year[16] - The net profit excluding non-recurring gains and losses was -7,073.77 million yuan, a decline of 308.03% compared to 3,400.36 million yuan in the same period last year[16] - Total operating revenue for Q3 2020 was CNY 68,525,142.69, a decrease of 55.7% compared to CNY 154,227,930.24 in the same period last year[37] - Net profit for Q3 2020 was CNY 1,774,264.58, a significant decline from CNY 31,838,947.46 in Q3 2019[39] - Total operating revenue for the third quarter was CNY 8,600,891.60, a decrease of 59.8% compared to CNY 21,426,252.34 in the same period last year[42] - Operating profit for the quarter was CNY 2,845,176.76, down 74.3% from CNY 11,075,533.71 year-over-year[43] - Net profit for the third quarter was CNY 2,783,390.40, a decline of 73.4% compared to CNY 10,444,533.72 in the previous year[43] Cash Flow and Liquidity - The net cash flow from operating activities was ¥6,965,215.46, a decline of 93.94% year-on-year[8] - The company’s cash and cash equivalents decreased to 114.09 million yuan from 130.86 million yuan at the end of the previous year[29] - Cash flow from operating activities was -100,785,482.38 yuan, a significant decline from 123,431,491.78 yuan in the previous period[56] - Cash flow from investing activities was -149,147,154.56 yuan, compared to -161,948,978.88 yuan in the previous period[57] - Cash inflow from financing activities generated a net inflow of 233,883,642.57 yuan, up from 76,759,528.96 yuan in the previous period[57] - The total cash and cash equivalents at the end of the period were 113,811,819.85 yuan, down from 156,207,359.35 yuan in the previous period[57] - The net cash flow from operating activities was -14,040,182.05, compared to 15,052,818.57 in the previous year, indicating a significant decline[60] - The net increase in cash and cash equivalents was -13,394,309.83, compared to an increase of 33,767,548.66 in the prior year[61] - The ending balance of cash and cash equivalents was 17,246,047.66, down from 39,907,226.78 year-over-year[61] Assets and Liabilities - Total assets at the end of the reporting period reached ¥2,792,787,346.37, an increase of 4.68% compared to the previous year[8] - Total assets rose to 2,792.79 million yuan from 2,668.03 million yuan at the end of the previous year[30] - Total liabilities increased to 1,250.58 million yuan from 1,064.74 million yuan at the end of the previous year[31] - Total liabilities decreased to CNY 15,661,515.21 from CNY 24,288,118.98, indicating a reduction of 35.5%[35] - The total equity attributable to shareholders of the parent company was CNY 1,542,204,005.64, down from CNY 1,602,499,905.75[34] Shareholder Information - The company reported a total of 28,831 shareholders at the end of the reporting period[12] - The largest shareholder, Zhangjiajie Economic Development Investment Group, holds 27.83% of the shares[12] - The company has not conducted any repurchase transactions among the top shareholders during the reporting period[13] Non-Recurring Gains and Other Income - The company recorded non-recurring gains of ¥10,916,456.35 during the reporting period[9] - Other income increased to CNY 3,793,409.17 from CNY 2,215,041.94, reflecting a growth of 70.9%[38] - Other income for the quarter increased to CNY 360,381.53 from CNY 127,598.55 in the previous year, showing improved performance in this area[42] - Other income increased to 729,689.67 yuan from 386,922.10 yuan in the previous period[50] Operational Challenges - The total number of ticket purchasers decreased by 65.09% to 172.58 million from 494.42 million year-on-year[16] - The revenue from the main subsidiaries showed significant declines, with the highest drop being 85.32% for the China Travel subsidiary[16] - The company reported a significant reduction in employee compensation payable, which fell to CNY 1,995,126.45 from CNY 6,132,595.43, a decrease of 67.5%[35] - The company plans to focus on market expansion and new product development to recover from the current downturn[42] Financial Reporting and Audit - The third-quarter report was not audited, which may affect the reliability of the financial data presented[63]

Financial Performance - The company's operating revenue for the first half of 2020 was ¥35,816,233.25, a decrease of 78.93% compared to ¥169,988,689.83 in the same period last year[18]. - The net profit attributable to shareholders was a loss of ¥61,595,539.41, representing a decline of 846.21% from a profit of ¥8,254,485.64 in the previous year[18]. - The net cash flow from operating activities was negative at ¥107,750,697.84, a decrease of 1,357.64% compared to ¥8,567,704.94 in the same period last year[18]. - The basic earnings per share were -¥0.1522, down 846.08% from ¥0.0204 in the previous year[18]. - The company reported a significant decline in revenue, achieving 35.82 million yuan in the first half of 2020, a decrease of 78.93% compared to 169.99 million yuan in the same period last year[30]. - The net profit attributable to shareholders was -61.60 million yuan, down 846.21% from 0.83 million yuan in the previous year[30]. - The company reported a significant increase in other income, which rose to CNY 5,825,493.31 from CNY 1,855,451.90 year-on-year[122]. - The company reported a net loss of CNY 11,446,838.54 for the first half of 2020, compared to a net loss of CNY 8,679,979.39 in the same period of 2019, indicating a deterioration in financial performance[127]. Assets and Liabilities - Total assets at the end of the reporting period were ¥2,661,372,102.09, a slight decrease of 0.25% from ¥2,668,026,912.74 at the end of the previous year[18]. - The net assets attributable to shareholders decreased by 3.75% to ¥1,542,440,672.24 from ¥1,602,499,905.75 at the end of the previous year[18]. - The company's total assets amounted to CNY 1,498,701,684.92, slightly down from CNY 1,519,077,025.54 at the end of 2019[120]. - The company's total liabilities rose to CNY 1,118,139,926.77 from CNY 1,064,741,110.67, marking an increase of about 5.0%[115]. - Long-term borrowings increased to CNY 626,416,667.00 from CNY 494,916,667.00, which is an increase of approximately 26.6%[115]. - The company's total liabilities at the end of the reporting period were 1,324 million yuan[146]. Operational Impact of COVID-19 - The company faced significant risks due to the impact of the COVID-19 pandemic on the tourism industry[5]. - The number of passengers for the environmental passenger transport service dropped by 82.15%, with revenue falling by 79.25% to 12.77 million yuan[30]. - The number of visitors to Baofeng Lake decreased by 76.44%, with revenue down 78.58% to 4.41 million yuan[30]. - The company’s hotel revenue decreased by 51.89% to 3.33 million yuan, reflecting the impact of the pandemic on hotel operations[30]. - The company reported a significant reduction in user engagement metrics due to the impact of the COVID-19 pandemic on travel and tourism[152]. Shareholder Information - The total number of shares is 404,817,686, with 73,078,886 shares under limited sale conditions (18.05%) and 331,738,800 shares under unrestricted conditions (81.95%)[93]. - The largest shareholder, Zhangjiajie Economic Development Investment Group Co., Ltd., holds 27.83% of the shares, totaling 112,653,131 shares[95]. - The second-largest shareholder, Zhangjiajie Wulingyuan Tourism Industry Development Co., Ltd., holds 7.47% of the shares, totaling 30,239,920 shares[96]. - The total number of ordinary shareholders at the end of the reporting period is 25,710[95]. - The company will not distribute cash dividends or issue bonus shares for the half-year period[61]. Future Plans and Strategies - The company plans to enhance market marketing efforts to improve profitability and market share[57]. - The company aims to optimize its industrial structure and improve product quality and efficiency, focusing on key projects like the Dayong Ancient City[57]. - The company plans to allocate no less than 1 million yuan for poverty alleviation efforts throughout the year[84]. - The company is focusing on the development of new products and technologies to improve customer experience and operational efficiency[152]. - The company plans to focus on market expansion and new product development in the upcoming quarters[120]. Governance and Compliance - The company has established a corporate governance structure including a shareholders' meeting, board of directors, and supervisory board[156]. - 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[164]. - The company has made commitments to avoid competition with its controlling shareholder and ensure the independence of its operations[63]. Investment and Financing - The company raised CNY 183,500,000.00 through borrowings, an increase from CNY 147,300,000.00 in the first half of 2019, indicating a reliance on debt financing[132]. - The project is funded through bank loans, with a funding source percentage of 98.90%[45]. - The company is exploring potential mergers and acquisitions to enhance its market position and operational capabilities[120].

Financial Performance - The company's operating revenue for Q1 2020 was ¥10,909,525.46, a decrease of 79.90% compared to ¥54,266,913.74 in the same period last year[9] - The net profit attributable to shareholders was -¥36,717,801.31, representing a decline of 342.70% from -¥8,294,021.54 year-on-year[9] - The net cash flow from operating activities was -¥102,283,389.72, a significant drop of 313.36% compared to -¥24,744,360.76 in the previous year[9] - Basic and diluted earnings per share were both -¥0.0907, down 342.44% from -¥0.0205 in the same period last year[9] - The company achieved operating revenue of RMB 10.91 million in Q1 2020, down RMB 43.36 million or 79.90% year-on-year[17] - The net profit attributable to shareholders was -RMB 36.72 million, an increase in loss of RMB 28.42 million compared to -RMB 8.29 million in the same period last year[17] - The company's operating revenue for Q1 2020 was CNY 1,596,535.23, a decrease of 80.24% compared to CNY 8,084,928.05 in the same period last year[43] - The net profit for Q1 2020 was a loss of CNY 36,712,783.93, compared to a loss of CNY 8,608,143.63 in Q1 2019, reflecting a significant increase in losses[41] - The total comprehensive income for Q1 2020 was a loss of CNY 36,712,783.93, compared to a loss of CNY 8,608,143.63 in Q1 2019[41] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,651,287,865.32, a decrease of 0.63% from ¥2,668,026,912.74 at the end of the previous year[9] - The total liabilities as of March 31, 2020, were CNY 1,083,654,232.43, slightly up from CNY 1,064,741,110.67 at the end of 2019[32] - The total assets as of March 31, 2020, were CNY 2,651,287,865.32, down from CNY 2,668,026,912.74 at the end of 2019[32] - The total equity attributable to shareholders decreased to CNY 1,566,842,719.19 from CNY 1,602,499,905.75, a decline of 2.2%[32] - The total liabilities were recorded at 1,064,741,110.67 yuan, indicating a manageable debt level relative to assets[55] Visitor and Revenue Impact - The company received 150,600 ticketed visitors in Q1 2020, a decrease of 774,300 visitors or 83.72% compared to the same period last year[17] - The subsidiary "Environmental Passenger Transport" saw ticket sales drop by 87.02% to 65,500 visitors and revenue decline by 86.92% to RMB 2.32 million[17] - "Baofeng Lake" reported a visitor decrease of 82.77% to 15,200 and revenue drop of 78.62% to RMB 1.74 million[17] - "Ten-Mile Gallery" had a visitor decline of 79.97% to 36,800 and revenue decrease of 81.18% to RMB 1.28 million[17] - "Zhangjiajie International Hotel" reported revenue of RMB 1.41 million, down 54.99% from RMB 3.13 million in the previous year[17] Cash Flow and Investments - The company's cash and cash equivalents as of March 31, 2020, were RMB 94.97 million, down from RMB 130.86 million at the end of 2019[29] - The cash flow from financing activities generated a net inflow of 85,546,138.83 yuan, compared to 58,852,118.03 yuan in the previous period, indicating effective capital raising strategies[49] - The net cash flow from investment activities was 21,083,243.21 yuan, a turnaround from -388,901.17 yuan in the previous period, showing improved investment performance[52] - The company reported a significant decrease in sales revenue from 7,798,950.09 yuan to 1,879,764.00 yuan, reflecting challenges in revenue generation[51] Shareholder Information - The total number of common shareholders at the end of the reporting period was 26,300[12] - The largest shareholder, Zhangjiajie Economic Development Investment Group, held 27.83% of the shares[12] Accounting and Reporting - The company did not report any adjustments or restatements of prior year accounting data[9] - The company has not undergone an audit for the first quarter report, which may affect investor confidence[59] - The company has implemented new revenue and leasing standards starting in 2020, which may impact future financial reporting[59]

Financial Performance - The company's operating revenue for 2019 was ¥425,258,692.37, a decrease of 9.21% compared to ¥468,393,862.58 in 2018[18]. - The net profit attributable to shareholders for 2019 was ¥11,055,878.66, down 58.13% from ¥26,403,926.78 in 2018[18]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥5,257,707.45, a decline of 75.18% from ¥21,179,284.52 in 2018[18]. - The basic earnings per share for 2019 was ¥0.03, a decrease of 57.14% compared to ¥0.07 in 2018[18]. - The diluted earnings per share for 2019 was also ¥0.03, reflecting the same decline of 57.14% from ¥0.07 in 2018[18]. - The weighted average return on equity for 2019 was 0.69%, down from 1.69% in 2018[18]. - The company reported a net profit of 22,203,135 CNY from its subsidiary Cheng Tian Xia Huan, contributing over 10% to the overall net profit[80]. - Zhangjiajie Tourism Group reported a total revenue of 1.2 billion RMB for the fiscal year 2019, representing a year-over-year increase of 15%[170]. - The company achieved a net profit of 200 million RMB in 2019, which is a 10% increase compared to the previous year[170]. Cash Flow and Assets - The net cash flow from operating activities increased by 5.62% to ¥155,829,995.12 from ¥147,534,262.86 in 2018[18]. - The total assets at the end of 2019 were ¥2,668,026,912.74, representing a 6.89% increase from ¥2,495,979,397.73 at the end of 2018[18]. - The net assets attributable to shareholders at the end of 2019 were ¥1,602,499,905.75, an increase of 1.46% from ¥1,579,401,218.69 at the end of 2018[18]. - The cash and cash equivalents net increase was 11,895,496.73 CNY, compared to a decrease of 64,537,469.96 CNY in 2018[62]. - The company’s cash flow from operating activities showed a significant discrepancy compared to net profit, indicating potential liquidity issues[64]. Visitor Statistics and Revenue Streams - The total number of ticketed visitors in 2019 was 6.1827 million, an increase of 3.65% from 5.9649 million in 2018[33]. - The number of passengers for the environmental passenger transport segment decreased by 6.57% to 3.13 million, with revenue declining by 12.04% to CNY 149.70 million[42]. - The Yangjiajie cableway saw a remarkable increase in passenger numbers by 112.49% to 1.19 million, with revenue rising by 83.06% to CNY 64.65 million[42]. - The hotel service segment reported a revenue of CNY 16.09 million, a slight increase of 3.98% from CNY 15.47 million[47]. - The total revenue for the travel agency services decreased by 22.22% from 128,064,739.00 CNY in 2018 to 99,609,825.54 CNY in 2019[54]. Strategic Initiatives and Future Plans - The company plans not to distribute cash dividends or issue bonus shares for the year[6]. - The company is focused on the "one body, two wings" strategy, emphasizing tourism as the main business while integrating culture and sports[88]. - The company plans to strengthen market promotion and cost control to mitigate the adverse effects of the pandemic on its operations[90]. - The company aims to complete the separation of ticket pricing for environmental vehicles from core scenic area tickets in 2020, which is expected to enhance profitability[92]. - The company is actively pursuing the completion of the Dayong Ancient City project to ensure a successful opening and high-quality service standards[91]. Challenges and Market Conditions - The tourism industry is facing intensified competition, with external and internal challenges impacting the company's market position[87]. - The company recognizes the need to adapt to changing market dynamics, including the shift from traditional ticket sales to operational excellence in tourism[84]. - The company reported a significant loss of 8,726,678 CNY from its subsidiary Zhangjiajie International Hotel, indicating financial challenges in the hospitality sector[80]. Governance and Compliance - The company held 68 information disclosure sessions in 2019, ensuring transparency and compliance with regulatory requirements[39]. - The company has established a regular communication mechanism with investors to enhance transparency and engagement[40]. - The company has committed to ensuring that its stock issuance does not dilute immediate returns for shareholders[107]. - The company has maintained effective communication with shareholders, ensuring equal rights and transparency in decision-making processes[197]. Employee and Operational Management - The total number of employees in the company is 1,118, with 1,064 in major subsidiaries and 54 in the parent company[188]. - The company conducts training programs aimed at improving overall employee quality and enhancing work performance, with a focus on both pre-job and on-the-job training[193]. - The company has established a transparent performance evaluation and incentive mechanism for directors, supervisors, and senior management[198]. - The company adheres to a salary structure that includes basic salary, performance salary, and seniority salary, with a mix of annual and monthly salary systems[190]. Investment and Financial Strategy - The company is investing 200 million RMB in technology development to enhance customer experience and operational efficiency[163]. - The company is exploring potential acquisitions of local tourism firms to strengthen its market position[163]. - The company has committed to sustainable tourism practices, with plans to reduce operational carbon emissions by 15% by 2025[172].

Financial Performance - Net profit attributable to shareholders decreased by 8.84% to CNY 31,568,389.06 for the current period[9] - Operating revenue decreased by 12.08% to CNY 154,266,765.18 compared to the same period last year[9] - Basic earnings per share decreased by 8.77% to CNY 0.0780[9] - The weighted average return on net assets was 1.97%, a decrease of 0.20% compared to the previous period[9] - The net profit attributable to shareholders was 39.82 million yuan, down 14.95 million yuan or 27.29% year-on-year[17] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 34.00 million yuan, a decrease of 15.81 million yuan or 31.74% compared to the previous year[17] - Net profit for Q3 2019 was CNY 31,838,947.46, a decline of 7.67% compared to CNY 34,424,821.05 in Q3 2018[40] - The net profit for Q3 2019 reached CNY 10,444,533.72, up 82.9% from CNY 5,750,358.09 in Q3 2018[44] - The net profit for Q3 2019 was CNY 1,764,554.33, a decrease of 71.2% from CNY 6,134,688.22 in Q3 2018[51] Revenue and Sales - Operating revenue for Q3 2019 was CNY 21,426,252.34, an increase of 15.3% compared to CNY 18,509,592.73 in the same period last year[43] - The company achieved operating revenue of 324.26 million yuan, a decrease of 41.68 million yuan or 11.39% compared to the same period last year[17] - The total operating revenue for Q3 2019 was CNY 154,266,765.18, a decrease of 12.06% compared to CNY 175,456,526.46 in Q3 2018[39] - The total number of ticket purchasers increased by 3.87% to 494.42 million, with significant growth in the Yangjiajie cableway, which saw a 122.13% increase in ticket sales[17] - The revenue from the Yangjiajie cableway reached 51.29 million yuan, an increase of 82.03% year-on-year[17] - The revenue from the Baofeng Lake segment decreased by 38.89% to 31.94 million yuan, reflecting a decline in ticket sales by 44.60%[17] Assets and Liabilities - Total assets increased by 6.63% to CNY 2,661,429,144.35 compared to the end of the previous year[9] - The company's total assets amounted to 2.66 billion yuan, an increase from 2.50 billion yuan at the end of the previous year[30] - The total liabilities increased to 1.03 billion yuan from 909.86 million yuan, with long-term borrowings rising to 490.93 million yuan[31] - Total assets as of September 30, 2019, were CNY 1,515,866,325.99, a marginal decrease from CNY 1,516,470,468.36 at the end of 2018[37] - Total liabilities decreased to CNY 20,105,429.67 from CNY 23,018,123.90 year-over-year[36] - The company reported a total asset value of ¥2,495,979,397.73 as of the reporting date[62] - Total liabilities amounted to ¥909,859,654.42, with current liabilities at ¥299,970,336.77[63] Cash Flow - Cash flow from operating activities for the year-to-date was CNY 123,431,491.78, an increase of 1.38%[9] - Cash flow from operating activities for Q3 2019 was CNY 123,431,491.78, slightly up from CNY 121,756,012.29 in the same period last year[55] - Cash outflow from investment activities was CNY 161,948,978.88, compared to CNY 283,545,309.66 in Q3 2018[55] - Cash inflow from financing activities was CNY 167,300,000.00, down from CNY 254,000,000.00 in the previous year[55] - Total cash and cash equivalents at the end of the period amounted to ¥39,907,226.78, up from ¥27,041,082.16 in the previous year, reflecting a net increase of ¥33,767,548.66[59] - Cash received from investment income was ¥24,150,000.00, a substantial increase from ¥3,000,000.00 in the previous period, marking an increase of 705%[57] Shareholder Information - The total number of shareholders at the end of the reporting period was 26,355[13] - The largest shareholder, Zhangjiajie Economic Development Investment Group, holds 27.83% of the shares[13] - The company did not engage in any repurchase transactions during the reporting period[14] Compliance and Reporting - The company reported no significant non-compliance issues or overdue commitments during the reporting period[19] - The report for the third quarter of 2019 was not audited, indicating that the figures may be subject to change upon final audit[70] - The company has adjusted its financial reporting to comply with new accounting standards effective from January 1, 2019, impacting the classification of financial assets[67] Strategic Focus - The company plans to focus on market expansion and new product development in the upcoming quarters[35] - The company is exploring new strategies for market expansion, although specific details were not provided in the report[47]

Financial Performance - The company's operating revenue for the first half of 2019 was ¥169,988,689.83, a decrease of 10.76% compared to ¥190,475,424.05 in the same period last year[20]. - The net profit attributable to shareholders of the listed company was ¥8,254,485.64, down 59.01% from ¥20,138,405.13 year-on-year[20]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥3,510,360.76, a decline of 75.51% compared to ¥14,332,816.92 in the previous year[20]. - The net cash flow from operating activities was ¥8,567,704.94, which is a decrease of 60.45% from ¥21,662,643.04 in the same period last year[20]. - Basic earnings per share were ¥0.0204, down 58.95% from ¥0.0497 in the previous year[20]. - The total operating revenue for the travel agency services sector was CNY 41,684,802.60, a decrease of 21.46% year-over-year[39]. - The gross profit margin for the tourism passenger transport industry was 30.73%, down 16.46% compared to the previous year[39]. - The total profit for the first half of 2019 was CNY 9,304,609.97, compared to CNY 25,904,780.60 in the same period of 2018, reflecting a decrease of approximately 64.00%[124]. - The company's operating profit for the first half of 2019 was CNY 9,569,343.06, compared to CNY 25,962,771.97 in the previous year, a decline of about 63.06%[124]. Assets and Liabilities - Total assets at the end of the reporting period were ¥2,545,737,875.18, an increase of 1.99% from ¥2,495,979,397.73 at the end of the previous year[20]. - The total assets of Zhangjiajie Tourism Group as of June 30, 2019, amounted to RMB 2,545,737,875.18, an increase from RMB 2,495,979,397.73 at the end of 2018[116]. - Current assets decreased to RMB 189,954,892.91 from RMB 201,342,825.89 in the previous year, reflecting a decline of approximately 5.5%[114]. - The company's long-term borrowings increased by 10.08% to CNY 470,930,000, indicating a strategy to leverage debt for growth[41]. - Total liabilities rose to CNY 950,020,597.69 in 2019, compared to CNY 909,859,654.42 in 2018, marking an increase of 4.4%[116]. Cash Flow - The company reported a cash inflow from operating activities of CNY 173,647,863.77, down from CNY 196,999,075.64 in the same period of 2018, a decrease of approximately 11.83%[131]. - The total cash outflow from investing activities was 122,463,273.96 CNY, down from 154,594,399.42 CNY, resulting in a net cash flow from investing activities of -118,842,234.30 CNY[134]. - Cash inflow from financing activities amounted to 147,300,000.00 CNY, compared to 254,000,000.00 CNY in the previous year, with a net cash flow of 74,526,295.94 CNY[134]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 25,384[97]. - The largest shareholder, Zhangjiajie Economic Development Investment Group, holds 27.83% of the shares, totaling 112,653,131 shares[97]. - The total number of shares outstanding is 404,817,686, with 18.05% being restricted shares[95]. Community and Social Responsibility - The company plans to allocate no less than 1.5 million RMB for poverty alleviation efforts throughout the year[85]. - In the first half of 2019, the company supported 16 impoverished households (47 individuals) in Guangfuqiao Town, with a total assistance fund of 740,000 RMB[86]. - The company is actively involved in community support projects, planning to complete two assistance projects by the end of the year with a funding of 200,000 RMB[86]. Strategic Initiatives - The company plans to enhance marketing efforts to improve profitability and market share, focusing on service quality and brand promotion[54]. - The company aims to upgrade the Baofeng Lake scenic area and modernize the sightseeing tram service[55]. - The company is investing in new technologies to enhance its service offerings and improve customer satisfaction[145]. - The company has plans for market expansion and new product development in the upcoming quarters, focusing on enhancing user experience[145]. Governance and Compliance - The company has established a governance structure with a shareholders' meeting, board of directors, and supervisory board[160]. - The financial statements are prepared based on the going concern assumption and comply with the latest accounting standards issued by the Ministry of Finance[168]. - The company uses Renminbi as its functional currency for accounting purposes[171].

张家界旅游集团股份有限公司 2019 年第一季度报告全文 张家界旅游集团股份有限公司 2019 年第一季度报告 2019-021 2019 年 04 月 1 张家界旅游集团股份有限公司 2019 年第一季度报告全文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人戴名清、主管会计工作负责人向秀及会计机构负责人(会计主管 人员)胡世忠声明：保证季度报告中财务报表的真实、准确、完整。 2 张家界旅游集团股份有限公司 2019 年第一季度报告全文 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期 | 上年同期 | 本报告期比上年同期增 | | --- | --- | --- | --- | | | | | 减 | | 营业收入（元） | 54,266,913.74 | 56,564,818.73 | -4.06% | | 归属于上市公司股东的净利润（元） | -8 ...

Financial Performance - The company's operating revenue for 2018 was ¥468,393,862.58, a decrease of 14.78% compared to ¥549,649,581.84 in 2017[20] - The net profit attributable to shareholders for 2018 was ¥26,403,926.78, down 60.80% from ¥67,362,245.89 in 2017[20] - The net cash flow from operating activities was ¥147,534,262.86, a decline of 19.44% from ¥183,136,958.98 in the previous year[20] - Basic earnings per share for 2018 were ¥0.07, a decrease of 63.16% compared to ¥0.19 in 2017[20] - The weighted average return on net assets for 2018 was 1.69%, down from 6.48% in 2017[20] - The company reported a significant increase of 4,142.02% in net profit attributable to shareholders after deducting non-recurring gains and losses, reaching ¥21,179,284.52[20] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 21.18 million yuan, an increase of 4,142.02% compared to 0.50 million yuan in 2017[35] - The company achieved a weighted average return on equity of 1.69%, down from 6.48% in 2017, reflecting a decline of 4.79%[48] Assets and Liabilities - Total assets at the end of 2018 were ¥2,495,979,397.73, an increase of 6.84% from ¥2,336,210,978.50 at the end of 2017[20] - The net assets attributable to shareholders increased by 1.69% to ¥1,579,401,218.69 at the end of 2018 from ¥1,553,084,558.01 in 2017[20] - The company has significant liabilities, with short-term borrowings of 74,000,000 CNY and long-term borrowings of 393,000,000 CNY[69] - The company's fixed assets decreased by 2.53%, from 606,993,946 CNY in 2017 to 585,305,113 CNY in 2018[68] Cash Flow - The total cash inflow from operating activities decreased by 15.72% to ¥551,306,054.68 in 2018, compared to ¥654,100,407.39 in 2017[64] - The net cash flow generated from operating activities fell by 19.44% to ¥147,534,262.86 in 2018 from ¥183,136,958.98 in 2017[64] - The total cash outflow from investment activities decreased by 17.91% to ¥544,649,308.12 in 2018, compared to ¥663,461,034.65 in 2017[64] - The total cash inflow from financing activities dropped by 60.54% to ¥474,000,000.00 in 2018 from ¥1,201,234,157.77 in 2017[64] Operational Efficiency - Financial expenses, management expenses, and sales expenses decreased by 76.35%, 18.38%, and 28.56% respectively, enhancing the company's profitability[39] - The company implemented a series of cost control measures, significantly improving its operational efficiency[39] - The company initiated a revision of internal control systems to enhance management and operational efficiency[44] Future Plans and Growth - In 2019, the company plans to receive 7.1575 million visitors, a 19.99% increase from 5.9649 million in 2018[94] - The company aims to achieve operating revenue of 540.0167 million yuan in 2019, representing a 15.29% growth from 468.3939 million yuan in 2018[94] - The company plans to ensure the opening of the Dayong Ancient City by completing finishing works and preparing for core operations and team setup[99] - The company will actively seek external mergers and acquisitions to create new profit growth points[97] Shareholder and Governance - The company completed the election of a new board and management team, ensuring smooth operational continuity[36] - The company has committed to avoiding competition with its subsidiaries and ensuring the independence of its operations and finances[109] - The company has pledged to maintain its independence in personnel, assets, business, finance, and organization after the completion of the asset acquisition[112] - The company has made a commitment to ensure that the non-public offering does not dilute immediate returns and to implement measures to protect shareholder rights[116] Social Responsibility - The company fulfilled its social responsibility by allocating CNY 3.24 million for poverty alleviation efforts in 2018, including various infrastructure projects in multiple villages[141] - The company established a leadership group for poverty alleviation, emphasizing the importance of this initiative as a political responsibility[142] - A total of 47 individuals were lifted out of poverty through the company's initiatives[144] Employee and Management Structure - The total number of employees in the company is 1,139, with 770 in production, 39 in sales, 74 in technical roles, 38 in finance, and 218 in administration[199] - The compensation structure includes a base salary, performance-based pay, and seniority pay, with a mix of annual and monthly salary systems[200] - The total compensation for the board and senior management during the reporting period amounts to 360.4 million[197] Market Position and Competition - The company faces increasing competition from both local and external tourism enterprises, impacting its market position[91] - The company recognizes the need to adapt to changing tourism consumption patterns and explore new business models[89] - The company aims to strengthen its brand as "China's First Stock of Mountain and Water" through effective resource control and market expansion[93]

Financial Performance - The company's operating revenue for 2013 was ¥500,319,899.52, a decrease of 26.69% compared to ¥682,499,735.64 in 2012[22] - The net profit attributable to shareholders for 2013 was ¥52,206,066.79, down 48.41% from ¥101,197,817.92 in 2012[22] - The net cash flow from operating activities was ¥85,056,612.85, a decline of 31.63% from ¥124,408,030.57 in the previous year[22] - Basic earnings per share for 2013 were ¥0.1627, a decrease of 48.41% compared to ¥0.3154 in 2012[22] - The operating profit for 2013 was CNY 73,807,617.79, reflecting a decline of 44.63% from CNY 133,308,898.52 in 2012[34] - The net profit excluding non-recurring gains and losses was ¥51,248,119.34, a decrease of 48.15% from ¥98,830,043.48 in 2012[22] - The company reported a net profit of CNY 52,206,000.00 for the year, contributing to an increase in total equity[198] - The total profit for the current period is CNY 75,211,482.04, down from CNY 136,695,054.73 in the previous period, a decrease of about 45%[189] Assets and Liabilities - Total assets at the end of 2013 were ¥602,772,362.65, an increase of 17.5% from ¥513,006,771.55 at the end of 2012[22] - The total liabilities rose by 29.26% to CNY 169,196,594.08, up from CNY 130,892,994.61 in the previous year[34] - The total assets increased by 17.50% to CNY 602,772,362.65, compared to CNY 513,006,771.55 in 2012[34] - The total amount of non-operating funds occupied by controlling shareholders and their affiliates at the end of the reporting period is 0万元, accounting for 0% of the latest audited net assets[93] Cash Flow - The company's net cash flow from operating activities was CNY 85,056,612.85, down 31.63% from CNY 124,408,030.57 in 2012[34] - The net cash flow from operating activities decreased by 31.63% compared to the same period last year, primarily due to a reduction in revenue[49] - The total cash inflow from investment activities decreased by 49.97% year-on-year, mainly due to the previous year's receipt of 3.187 million yuan for land preparation costs related to the cable car project[49] - Cash inflow from financing activities increased by 112.83% year-on-year, driven by long-term borrowings of 97.5 million yuan for fixed asset investments and short-term borrowings of 42.65 million yuan for working capital[49] - The net cash flow from financing activities increased by 170.28% year-on-year, with long-term borrowings of 97.5 million yuan and repayments of 24 million yuan[49] - The total cash and cash equivalents at the end of the period increased to CNY 66,766,921.35 from CNY 48,820,473.83, reflecting a net increase of CNY 17,946,447.52[193] Visitor Statistics - The number of visitors to the company's main scenic spots decreased, with the Eco Transport receiving 2.68 million visitors, down 15.06% from 3.15 million in 2012[35] - The company plans to receive 5.05 million visitors in 2014, a 15.16% increase from 4.39 million visitors in 2013[40] - The number of passengers for the environmental protection passenger transport decreased by 16.76%, with operating revenue of 124.12 million yuan, a decline of 17.54% compared to last year[86] Future Projections - In 2014, the total tourism revenue in China is expected to reach 3.2 trillion yuan, a year-on-year increase of 10.00%[38] - The company aims for a 5% increase in visitor numbers and an 8% increase in total tourism revenue in 2014 compared to 2013[39] - The company plans to enhance tourism infrastructure, which is expected to improve the overall tourism environment and attract more visitors[82] - The company is focusing on market expansion and new product development to enhance future growth prospects[185] Investment and Projects - The total planned investment for the Yangjiajie cableway project is 170 million yuan, with 52.15 million yuan invested in the reporting period and a cumulative investment of 133.76 million yuan, achieving 78.68% of the project progress[75] - The Yangjiajie cableway project is progressing as planned, expected to start operations in the fourth quarter of 2013[87] - The company is currently developing the Yangjiajie cableway project, which is progressing as scheduled[82] Governance and Management - The company has maintained its current management team since May 2012, with terms set to end in May 2015[129] - The board of directors consists of 9 members, with a mix of backgrounds in government and business, indicating a diverse leadership team[131][132][133][134] - The company has established a transparent performance evaluation system for directors, supervisors, and senior management, ensuring compliance with legal regulations[147] - The company’s governance structure complies with the Company Law, Securities Law, and other relevant regulations, ensuring effective communication with shareholders[146] Audit and Compliance - The company received a standard unqualified audit opinion for its financial statements as of December 31, 2013[172] - The internal control audit report was consistent with the board's self-evaluation report[169] - The audit firm confirmed that the financial statements fairly reflect the company's financial position and results for the year ended December 31, 2013[175]