Financial Performance - The company reported a significant decline in revenue due to the impact of the pandemic, with total revenue dropping by 30% year-on-year [12]. - The company's operating revenue for 2020 was ¥255,027,525.93, a decrease of 57.93% compared to ¥606,147,910.89 in 2019 [18]. - The net profit attributable to shareholders for 2020 was -¥266,454,906.80, representing a decline of 584.30% from ¥55,018,583.76 in 2019 [18]. - The net profit after deducting non-recurring gains and losses was -¥369,339,720.97 in 2020, down 861.47% from ¥48,503,828.65 in 2019 [18]. - The total operating costs for the year were CNY 485.74 million, a decrease of 21.87% year-on-year [38]. - The company reported a net profit of -296.38 million yuan for 2020, a significant decline compared to the previous year, primarily due to a 56% decrease in visitor numbers and a 58% drop in revenue caused by the COVID-19 pandemic [85]. - The company reported a total revenue of CNY 255.03 million for the year 2020, a decrease of 57.93% year-on-year [58]. - The company experienced a net loss of approximately 150 million yuan in 2020, a stark contrast to the profit of 200 million yuan in 2019 [141]. Future Outlook - Future outlook indicates a cautious recovery, with expectations of a 15% increase in revenue for the next fiscal year [12]. - The company plans to increase visitor numbers and operating revenue in 2021 compared to 2020, with a goal of turning net profit positive [118]. - The company is focused on ensuring the completion of refinancing and the successful implementation of key projects [119]. - Future guidance suggests a cautious optimism, with a projected revenue increase of 30% in 2021 if travel restrictions ease [143]. Strategic Initiatives - The company is focusing on expanding its market presence through strategic partnerships and enhancing its service offerings [12]. - The company is exploring potential mergers and acquisitions to strengthen its market position [12]. - The company plans to issue up to 108,030,000 shares at a price of 4.43 RMB per share, aiming to raise a total of 478,572,900 RMB for repaying bank loans [43]. - The company is committed to exploring new product development and market expansion strategies to enhance competitiveness [124]. Operational Efficiency - Investment in technology upgrades is planned to enhance operational efficiency and customer experience [12]. - The company has implemented a digital transformation strategy, including the completion of a video monitoring system and a paperless meeting system [42]. - The management emphasized the importance of cost control measures, which have already reduced operational expenses by 25% [141]. - The company aims to improve operational efficiency through the adoption of new technologies in its service delivery processes [3]. Market Position - The company holds a 28.59% market share in star-rated cruise ships on the Li River, with 33 newly renovated vessels [110]. - The company has identified key risk factors in its operations, including market volatility and regulatory changes [12]. - The company aims to leverage social media marketing to attract a younger demographic of tourists [12]. Government Support - The company reported a total of 2,547 million RMB in government subsidies received during the pandemic to control non-operational expenses [42]. - The company received government subsidies totaling CNY 25.47 million during the reporting period, classified as non-recurring gains [59]. Community Engagement - The company has integrated social responsibility into its development strategy, focusing on sustainable development and stakeholder interests [172]. - The company aims to achieve poverty alleviation in Sanhe Village by ensuring basic needs and education for the impoverished population by 2020 [174]. Compliance and Governance - The company is committed to strict governance and strengthening party leadership within the organization [121]. - The company has revised its corporate governance documents, including the board committee rules and independent director system, to enhance compliance and operational efficiency [25]. - The company is subject to pricing decisions for its main services, such as Li River cruise tickets and scenic spot tickets, which are regulated by the local government [125].

Financial Performance - Operating revenue for the current period was ¥75,451,794.28, a decrease of 56.88% year-on-year[7] - Net profit attributable to shareholders was -¥16,633,326.78, a decrease of 136.92% year-on-year[7] - Basic earnings per share was -¥0.046, a decrease of 136.80% year-on-year[7] - The company reported a net profit attributable to shareholders of CNY -12,819.22 million for the first nine months, a decrease of CNY 18,316.44 million or 333.19% year-on-year[15] - The net profit for Q3 2020 was a loss of CNY 22,229,726.17, compared to a profit of CNY 39,195,947.93 in Q3 2019, indicating a significant decline in profitability[49] - The net profit for the same period was a loss of CNY 46,695,812.39, compared to a profit of CNY 94,349,986.37 in the previous year, indicating a significant decline in profitability[55] Assets and Liabilities - Total assets decreased by 4.05% to ¥2,754,650,818.27 compared to the end of the previous year[7] - The company’s total assets decreased by CNY 3,119.83 million or 52.58% in investment properties, attributed to asset disposals[14] - The company’s total liabilities were CNY 1,315,344,957.72, slightly up from CNY 1,273,093,622.78, indicating a rise of approximately 3.3%[43] - Long-term borrowings increased significantly to CNY 883,880,000.00 from CNY 751,420,000.00, marking an increase of around 17.6%[43] - The company’s total liabilities rose to CNY 1,317,062,626.36 from CNY 1,263,825,567.50, reflecting an increase of 4.2%[47] Cash Flow - Net cash flow from operating activities was -¥7,930,174.70, a decrease of 107.03% year-on-year[7] - The net cash flow from operating activities was CNY -7,741.71 million, a decrease of CNY 18,105.69 million or 174.70% year-on-year, reflecting the significant drop in visitor numbers and revenue[18] - Cash flow from operating activities showed a net outflow of CNY 77,417,118.39, compared to a net inflow of CNY 103,639,750.92 in the previous year, reflecting operational challenges[57] - Net cash flow from operating activities was -CNY 95,971,146.47, worsening from -CNY 12,318,373.88 in the same period last year[59] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 34,087[11] - The largest shareholder, Guilin Tourism Development Company, holds 18.36% of the shares[11] Government and Legal Matters - Non-operating income included government subsidies totaling ¥19,616,311.69[8] - The company has approved the bankruptcy liquidation application for 桂林丹霞温泉旅游有限公司, with the court accepting the application on October 28, 2020[25] - The company is facing a lawsuit from a shareholder regarding the 2019 annual general meeting resolutions, with the court hearing held on September 27, 2020[23] Investment and Projects - The company plans to issue up to 108,030,000 shares at a price of CNY 4.43 per share, aiming to raise no more than CNY 478,572,900 for repaying bank loans[26] - The company has adjusted the total investment for the "境SHOW·生动莲花" project to CNY 11,000,000, with construction delayed due to the COVID-19 pandemic[27][28] Operational Changes - The company’s employee compensation payable decreased by CNY 2,285.08 million or 38.07%, influenced by salary adjustments due to the pandemic[14] - The company incurred sales expenses of CNY 1,779,691.92, down from CNY 3,347,275.26, reflecting cost-cutting measures[55] Accounting and Reporting - The company implemented the new revenue accounting standards starting January 1, 2020, without retrospective adjustment of prior comparable figures[64] - The third quarter report for 2020 was not audited[68] - The chairman of the company, Li Feiying, signed the report on October 28, 2020[69]

Financial Performance - The company's operating revenue for the first half of 2020 was ¥95,517,698.13, a decrease of 68.21% compared to ¥300,468,451.19 in the same period last year[16]. - The net profit attributable to shareholders was a loss of ¥111,558,906.46, representing a decline of 1,225.01% from a profit of ¥9,916,245.78 in the previous year[16]. - The net cash flow from operating activities was -¥69,486,943.69, which is a 658.95% increase in cash outflow compared to -¥9,155,645.84 in the same period last year[16]. - Basic and diluted earnings per share were both -¥0.310, a decrease of 1,207.14% from ¥0.028 in the previous year[16]. - The total assets at the end of the reporting period were ¥2,761,778,990.64, down 3.81% from ¥2,871,037,043.45 at the end of the previous year[16]. - The net assets attributable to shareholders decreased by 7.46% to ¥1,473,501,077.52 from ¥1,592,261,983.98 at the end of the previous year[16]. - The weighted average return on net assets was -7.26%, a decrease of 7.89% compared to 0.63% in the previous year[16]. - The company reported a significant decline in performance, with total revenue of 95.52 million CNY, a decrease of 68.21% year-on-year, and a net loss attributable to shareholders of 111.56 million CNY, down 12.15 million CNY year-on-year[31]. - The total number of tourists received was 1.18 million, representing a 71.62% decrease compared to the previous year[31]. Operational Changes - The company has resumed operations for most of its businesses, which were suspended due to the COVID-19 pandemic, starting from April and May 2020[24]. - The company has implemented cost control measures and a gradual return to normal operations following the pandemic[32]. - All previously suspended operations due to COVID-19 have resumed as of April and May 2020[36]. - The company is actively cleaning up real estate assets to facilitate future capital operations, with a transaction amount of 48.54 million yuan for asset transfer[37]. - The company plans to terminate its non-public offering of A shares, which was initially set to raise up to 400 million yuan[43]. Marketing and Strategic Initiatives - The marketing strategy was restructured, focusing on online "cloud tourism" and increasing brand exposure, resulting in over 15 million viewers for a live broadcast event[34]. - The company launched promotional activities in nearby provinces, achieving significant sales through bundled ticket offerings[34]. - The company is exploring new avenues for growth and development in the tourism industry to enhance its overall performance[10]. - The company plans to enhance its marketing efforts and develop systematic products to improve competitiveness in the tourism market[83]. Financial Management and Investments - The company has provided guarantees for bank loans amounting to CNY 12,000,000, with a loan interest rate of 6.65%[63]. - The company reported a total investment amount of 8,272.15 million, with a year-on-year growth of 1.9%[68]. - The company is involved in significant litigation matters, with ongoing cases affecting its financial performance[100]. - The company is currently facing a lawsuit that may impact its financial results, with the court proceedings still pending[100]. - The company has received a notice from the local court regarding a civil lawsuit, indicating potential legal challenges ahead[100]. Future Outlook - Future guidance indicates a projected revenue growth of 7% for the next fiscal year, driven by market expansion strategies[71]. - The company provided guidance for the next fiscal year, projecting revenue growth of 10% to 12%, aiming for a total revenue between $1.32 billion and $1.344 billion[96]. - The company plans to expand its market presence by introducing new products and technologies in the upcoming quarters[185]. - The company is exploring potential mergers and acquisitions to strengthen its market position and diversify its product offerings[185]. Social Responsibility and Community Engagement - The company has invested CNY 3.49 million in poverty alleviation efforts during the reporting period[130]. - The collective income of Sanhe Village is targeted to reach CNY 50,000 to meet poverty alleviation standards[127]. - The company has successfully helped 18 households avoid falling back into poverty, with no cases of returning to poverty reported[130]. - A total of CNY 1.2 million in electricity revenue was generated from a 40 kW photovoltaic power project in Sanhe Village[129]. Shareholder Information - The company has a total of 360,100,000 shares, with 99.99% being unrestricted shares[150]. - The largest shareholder, Guilin Tourism Development Co., Ltd., holds 18.36% of the shares, totaling 66,120,473 shares[153]. - The second-largest shareholder, Guilin Airlines Tourism Group Co., Ltd., holds 16.00% of the shares, totaling 57,616,000 shares, which are pledged[153]. - The company has not disclosed any significant changes in its shareholder structure or share repurchase activities during the reporting period[151].

桂林旅游股份有限公司 2020 年第一季度报告全文 桂林旅游股份有限公司 2020 年第一季度报告 2020-026 2020 年 04 月 1 桂林旅游股份有限公司 2020 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。 公司负责人李飞影、主管会计工作负责人肖笛波及会计机构负责人(会计主 管人员)陈丽华声明：保证季度报告中财务报表的真实、准确、完整。 2 桂林旅游股份有限公司 2020 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） | 27,492,234.59 | 116,205,663.91 | -76.34% | | 归属于上市公司股东的净利润（元） | -67,102,231.49 | -1,94 ...

Financial Performance - The company achieved operating revenue of CNY 606.15 million, a year-on-year increase of 5.77%[31]. - The net profit attributable to shareholders decreased by 31.57% to CNY 55.02 million[59]. - The company's operating revenue for 2019 was CNY 606,147,910.89, an increase of 5.77% compared to CNY 573,070,306.91 in 2018[16]. - The net profit after deducting non-recurring gains and losses was CNY 48,503,828.65, down 35.28% from CNY 74,940,968.68 in 2018[16]. - The total operating costs rose to CNY 621.70 million, an increase of 15.78% year-on-year[31]. - The net cash flow from operating activities increased by 15.12% to CNY 188,676,202.71 in 2019 from CNY 163,894,731.81 in 2018[16]. - The company's total assets at the end of 2019 were CNY 2,871,037,043.45, a decrease of 1.77% from CNY 2,922,710,811.49 at the end of 2018[16]. - The net assets attributable to shareholders increased by 1.37% to CNY 1,592,261,983.98 at the end of 2019 from CNY 1,570,756,430.54 at the end of 2018[16]. - The company reported a net profit impact of -299,700 CNY from the transfer of 100% equity in Guilin City Ring Water System Real Estate Development Co., Ltd. to clean up real estate assets[107]. Dividend and Shareholder Information - The company plans to distribute a cash dividend of 0.2 RMB per 10 shares to all shareholders, based on a total of 360,100,000 shares[4]. - The company achieved a net profit attributable to shareholders of CNY 55,018,583.76 for the fiscal year 2019, with a proposed cash dividend of CNY 7,202,000.00, representing 13.09% of the net profit[144]. - The company has a total of CNY 166,666,404.50 in undistributed profits at the end of the reporting period, with CNY 148,727,380.20 attributable to the parent company[148]. - The company’s cash dividend payout ratio for 2018 was 35.83%, with a total cash dividend of CNY 28,808,000.00[147]. - The company’s cash dividend payout ratio for 2017 was 47.61%, with a total cash dividend of CNY 25,207,000.00[146]. Business Operations and Expansion - The company has expanded its business scope to include inbound tourism, domestic tourism, and outbound tourism services[14]. - The company has increased its operational capabilities by adding travel agency services and cultural event planning to its business scope[14]. - The company is actively restructuring and revitalizing underperforming assets, including the integration of several subsidiaries[37]. - The company has established exclusive online ticketing agency agreements with major OTAs, enhancing its marketing reach[33]. - The company is focusing on the development of new tourism projects, including the "Vivid Lotus" project, to attract more visitors post-pandemic[133]. - The company plans to strengthen market promotions and control costs to mitigate the negative impact of the COVID-19 pandemic on its operations in 2020[133]. - The company aims to enhance service quality and upgrade its scenic spots and hotels to improve customer experience[130]. - The company is exploring refinancing options to support its growth initiatives and asset management strategies[133]. Visitor Statistics and Market Trends - The company received a total of 8.99 million visitors, a slight increase of 0.38% year-on-year[59]. - The scenic area received 4.34 million visitors, a decrease of 8.92% year-on-year[59]. - The subsidiary Yinzi Rock received 2.64 million visitors, generating revenue of CNY 103.48 million and a net profit of CNY 64.71 million[32]. - The subsidiary Two Rivers and Four Lakes received 1.24 million visitors, with revenue of CNY 117.31 million and a net profit of CNY 1.78 million[32]. - The company’s cruise division served 666,300 visitors, a year-on-year increase of 9.83%, with revenue of CNY 116.39 million, up 8.54%[32]. Financial Management and Compliance - The company has confirmed the accuracy and completeness of its financial report, with key personnel taking responsibility for its content[3]. - The company has established a comprehensive disclosure system, utilizing multiple media for reporting financial information[13]. - The company has engaged Da Xin Accounting Firm for auditing services during the reporting period[15]. - The company is committed to maintaining transparency in its financial disclosures and ensuring accurate reporting[193]. - The company has not experienced any major litigation or arbitration matters during the reporting period[165]. Strategic Initiatives and Future Outlook - The company plans to issue up to 72.02 million shares to raise no more than CNY 400 million for working capital and loan repayment[57]. - The company aims to improve operational efficiency, targeting a reduction in costs by 4%[9]. - The company is positioned to benefit from the booming domestic tourism market, with increasing consumer spending and a shift towards personalized travel experiences[128]. - The company is committed to improving its internal management and operational efficiency through digital transformation and refined management practices[138]. - The company is exploring potential mergers and acquisitions to strengthen its market presence[193]. Related Party Transactions - The actual amount of related party transactions for purchasing scenic tickets from Guilin Tourism Development Co., Ltd. was 12.8554 million yuan[170]. - The rental contract signed with Guilin Tourism Development Co., Ltd. for the Tianzhitai office building has a total rent and property management fee of 8.3211 million yuan over a 10-year period[171]. - The company has engaged in various significant related transactions, including ticket revenue sharing and lease agreements with its controlling shareholder[181]. - The company signed a new management contract with individual Meng Dongyu for Hong Kong Guijiang Tourism Co., Ltd. for a one-year period from January 1, 2019, to December 31, 2019, with a management fee of 10,000 RMB[186]. Asset Management and Investments - The company has a fleet of 41 star-rated cruise ships, accounting for approximately 33.09% of the total star-rated cruise capacity in Guilin[30]. - The company acquired two cruise ships, "Shengjing" and "Dijing," for a total purchase price of RMB 17.75 million, enhancing its cruise capacity on the Li River[50]. - The company has invested 30 million CNY in the Elephant Trunk Hill project, with a cooperation period of 40 years[178]. - The company is involved in leasing various properties, including hotels and office spaces, to enhance its revenue streams[188]. - The company is committed to sustainable practices in its operations, aligning with market trends towards eco-friendly tourism[188].

Financial Performance - Net profit attributable to shareholders was CNY 45,055,984.43, down 9.42% year-on-year[7] - Operating revenue for the reporting period was CNY 174,998,721.53, a decrease of 3.89% compared to the same period last year[7] - Basic earnings per share were CNY 0.125, reflecting a decline of 9.42% year-on-year[7] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 43,584,577.76, down 7.90% year-on-year[7] - The company's net profit attributable to shareholders decreased by 30.45% to RMB 5,497.22 million for the first nine months of 2019, down from RMB 7,904.30 million in the same period of 2018[17] - Net profit for Q3 2019 was CNY 39,195,947.93, down 14.6% compared to CNY 45,927,782.46 in Q3 2018[44] - The net profit for the first nine months was CNY 32,961,544.38, a decrease of 52.0% from CNY 68,676,427.70 in the previous year[48] - The profit attributable to the parent company's shareholders was CNY 54,972,230.21, down 30.4% from CNY 79,042,978.57 year-on-year[48] Cash Flow - The net cash flow from operating activities was CNY 103,639,750.92, down 11.40% year-to-date[7] - The cash inflow from operating activities for the first nine months of 2019 was CNY 516,568,747.11, an increase of 14.4% compared to CNY 451,752,116.56 in the same period last year[53] - The net cash flow from operating activities decreased to CNY 103,639,750.92 from CNY 116,977,885.13, reflecting a decline of 11.5% year-over-year[53] - The cash inflow from financing activities was CNY 339,886,325.00, down 28.4% from CNY 474,870,000.00 in the same period last year[53] - The net cash flow from financing activities turned negative at CNY -46,330,621.49, compared to a positive CNY 136,555,270.94 in the previous year[53] Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,920,166,057.51, a decrease of 0.09% compared to the end of the previous year[7] - The company's total assets amounted to 2,922,710,811.49, showing a minor decrease of 0.17%[59] - Total liabilities were CNY 1,312,596,990.13, showing a marginal decrease from CNY 1,313,090,219.80 year-over-year[37] - Current liabilities totaled CNY 480,731,925.73, a decrease of approximately 13.1% from CNY 553,387,446.99[37] - Long-term borrowings increased to CNY 782,100,000.00 from CNY 711,200,000.00, reflecting a growth of about 10%[37] Shareholder Information - The company reported a total of 31,076 common shareholders at the end of the reporting period[11] - The largest shareholder, Guilin Airlines Tourism Group Co., Ltd., held 16.00% of the shares[11] - The company did not conduct any repurchase transactions among the top 10 shareholders during the reporting period[12] Investment and Assets Management - The company's prepayments increased by 263.59% to RMB 758.01 million as of September 30, 2019, compared to RMB 208.48 million at the end of 2018[15] - Investment properties surged by 379.44% to RMB 22,270.67 million, attributed to the reclassification of certain assets to investment property accounting[15] - The company plans to publicly transfer part of its assets, including residential inventory and investment properties totaling 9,188.51 square meters, with residential inventory comprising 6,795.87 square meters[20] - The company acquired two cruise ships, "Shengjing" and "Dijing," for a total consideration of 17.75 million yuan, enhancing its cruise capacity on the Li River[22] Operational Costs - Total operating costs increased to CNY 152,857,088.41, up 6.5% from CNY 143,352,311.00 in the previous year[44] - The total operating costs rose to CNY 477,584,694.04, up 22.6% from CNY 389,195,668.98 year-on-year[48] - Sales expenses increased by 26.63% to RMB 1,368.95 million, as the company intensified its advertising efforts[17] Compliance and Standards - The company has implemented new financial instrument standards effective from January 1, 2019, impacting accounting policies[60] - The company is not required to retrospectively adjust prior periods under the new financial instrument standards, simplifying the transition[60] - The third quarter report was not audited, indicating a potential area for further scrutiny[66]

Financial Performance - The company's operating revenue for the first half of 2019 was CNY 300,468,451.19, representing a 16.83% increase compared to CNY 257,174,084.70 in the same period last year[15]. - The net profit attributable to shareholders decreased by 66.16% to CNY 9,916,245.78 from CNY 29,300,133.38 year-on-year[15]. - Basic earnings per share dropped by 65.43% to CNY 0.028 from CNY 0.081 in the same period last year[15]. - The company reported a net profit impact of -29.87 thousand yuan from the sale of assets related to the real estate development company[118]. - The company reported a net profit of 397.12 million, a decrease of 29.20% compared to the previous period[196]. - The net profit attributable to shareholders was 1.4 billion, reflecting a decline of 25% year-over-year[197]. Cash Flow and Liquidity - The net cash flow from operating activities turned negative at CNY -9,155,645.84, a decline of 124.96% compared to CNY 36,678,063.18 in the previous year[15]. - The company's cash and cash equivalents decreased by 88.67% to CNY 8.38 million[57]. - The company reported a net cash outflow from operating activities of CNY -9,155,645.84, compared to a net inflow of CNY 36,678,063.18 in the first half of 2018[189]. - Cash reserves at the end of the quarter stood at 3.6 billion, providing a strong liquidity position for future investments[194]. - The ending cash and cash equivalents balance as of June 30, 2019, was 89,095,069.26 CNY, down from 107,475,566.15 CNY at the end of H1 2018, a decrease of approximately 17.0%[191]. Assets and Liabilities - Total assets increased by 1.47% to CNY 2,965,663,037.43 compared to CNY 2,922,710,811.49 at the end of the previous year[15]. - The total liabilities increased to CNY 1,395,076,858.43 from CNY 1,313,090,219.80, indicating an increase of approximately 6.23%[177]. - Long-term borrowings increased to CNY 812,750,000.00 from CNY 711,200,000.00, marking a rise of about 14.26%[177]. - The total equity attributable to shareholders decreased to CNY 1,548,172,764.66 from CNY 1,570,756,430.54, a decline of approximately 1.44%[177]. Operational Performance - The company achieved operating revenue of CNY 300.47 million, a year-on-year increase of 16.83%[30]. - Operating costs increased by 21.95% to CNY 166.99 million, primarily due to rising labor costs and the disposal of hotel-style villas[50][57]. - The gross profit margin for the tourism service sector was 35.10%, reflecting a decrease of 12.22% year-on-year[59]. - The company reported a total cash increase of 21,915,729.59 CNY in H1 2019, compared to 61,043,073.75 CNY in H1 2018, reflecting a decline of about 64.0%[191]. Strategic Initiatives - The company plans to enhance its marketing efforts through a smart ticketing mini-program and partnerships with travel agencies[32]. - The company is actively promoting the strategic restructuring of underperforming assets, including the transfer of 51% equity in Fengyu Rock Company[33]. - The company is exploring high-quality new products to improve service offerings and increase overall competitiveness in the tourism market[98]. - The company plans to expand its market presence by launching new products in the upcoming quarter[197]. Risk Management - The company has identified potential risk factors in its operations, which investors should be aware of[4]. - The company is facing risks from natural disasters and industry competition, with strategies in place to mitigate these risks and enhance market competitiveness[95][96]. - The company is subject to price regulation by the local government for its main services, which limits its pricing flexibility; it aims to apply for new pricing that aligns with market conditions[98]. Investments and Acquisitions - The company is considering strategic acquisitions to bolster its product offerings, with a budget of $100 million allocated for potential deals[107]. - The company is exploring potential mergers and acquisitions to enhance its competitive position in the market[196]. - The company is investing in new technology development, allocating 200 million yuan for R&D in the upcoming fiscal year[194]. Marketing and Customer Engagement - Customer satisfaction ratings improved to 90%, up from 85% last quarter, reflecting enhanced service quality[107]. - A new marketing strategy is set to launch next quarter, targeting a 25% increase in brand awareness[107]. - The company aims to improve customer engagement through enhanced digital marketing strategies[197]. Social Responsibility and Community Engagement - The company is actively involved in poverty alleviation efforts, specifically in Sanhe Village, aiming to ensure that by 2020, all poverty-stricken households have access to basic needs and education[145]. - The company plans to enhance the village's collective economy by leveraging agricultural cooperatives and seeking project funding support[150]. - The company is committed to improving the living environment and promoting beautiful rural construction to ensure sustainable development[151].

证券代码：000978 证券简称：桂林旅游 公告编号：2019-026 桂林旅游股份有限公司关于参加 投资者网上集体接待日活动的公告 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。 为进一步加强与投资者的互动交流，桂林旅游股份有限公司（以下简称"公司"） 将参加由广西上市公司协会、上证所信息网络有限公司、深圳市全景网络有限公司共 同举办的"2019 年广西地区上市公司投资者网上集体接待日活动"，现将有关事项公 告如下： 本次集体接待日活动将通过深圳市全景网络有限公司提供的互联网平台举行，投 资者可以登陆"全景·路演天下"网站（http：//rs.p5w.net）或关注微信公众号： 全景网路演天下（微信号：Roadshow_ly）参与公司本次投资者集体接待日活动，活 动时间为 2019 年 5 月 28 日（星期二）14:00 至 17:00。 届时公司副总裁訚林、董事会秘书黄锡军、证券事务代表陈薇、计划财务部副总 经理黄俊杰将通过网络在线问答互动的形式，与投资者就公司治理、发展经营情况、 融资情况和可持续发展等投资者关注的问题进行交流。期间，公司高管将全程在线 ...

桂林旅游股份有限公司 2019 年第一季度报告全文 桂林旅游股份有限公司 2019 年 04 月 1 桂林旅游股份有限公司 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。 公司负责人李飞影、主管会计工作负责人肖笛波及会计机构负责人(会计主 管人员)陈丽华声明：保证季度报告中财务报表的真实、准确、完整。 2 桂林旅游股份有限公司 2019 年第一季度报告全文 2019 年第一季度报告 2019-019 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） | 116,205,663.91 | 112,357,301.80 | 3.43% | | 归属于上市公司股东的净利润（元） | -1,946,948.59 | -2,218, ...

Financial Performance - The company's operating revenue for 2018 was CNY 573,070,306.91, representing a 3.02% increase compared to CNY 556,290,477.03 in 2017[6]. - The net profit attributable to shareholders for 2018 was CNY 80,402,163.02, a significant increase of 51.87% from CNY 52,941,654.62 in 2017[6]. - The net profit after deducting non-recurring gains and losses was CNY 74,940,968.68, up 37.27% from CNY 54,595,703.20 in 2017[6]. - The total assets at the end of 2018 were CNY 2,922,710,811.49, an increase of 11.26% from CNY 2,626,993,408.41 at the end of 2017[6]. - The net assets attributable to shareholders at the end of 2018 were CNY 1,570,756,430.54, reflecting a 3.64% increase from CNY 1,515,561,267.52 at the end of 2017[6]. - The company maintained a weighted average return on equity of 5.17%, up from 3.56% in 2017[6]. - The company achieved operating revenue of RMB 573.07 million, a year-on-year increase of 3.02%[60]. - The operating profit reached RMB 86.57 million, reflecting a significant year-on-year growth of 54.79%[60]. - The net profit attributable to shareholders was RMB 80.40 million, representing a year-on-year increase of 51.87%[60]. Cash Flow and Investments - The net cash flow from operating activities decreased by 8.32% to CNY 163,894,731.81 from CNY 178,772,827.86 in 2017[6]. - The net cash flow from investing activities was CNY -291.07 million, compared to CNY -76.51 million in the same period last year, primarily due to cash contributions to subsidiaries and ongoing project payments[66]. - The net cash flow from financing activities was CNY 159.35 million, a significant increase from CNY -152.29 million in the previous year, mainly due to new bank loans and the distribution of cash dividends totaling CNY 25.21 million[67]. - The company's net cash flow from operating activities for the reporting period was CNY 163.89 million, a year-on-year decrease of 8.32% due to changes in ticket settlement methods and increased cash payments for goods and services[82]. - The company reported a net increase in cash and cash equivalents of CNY 32,167,969.03, contrasting with a net decrease of CNY 50,027,392.21 in the previous year[81]. Business Operations and Strategy - The company has expanded its business scope to include inbound and outbound tourism services, as well as travel agency operations, enhancing its service offerings[14]. - The company operates in various tourism-related sectors, including hotel management, ticketing services, and cultural event planning, diversifying its revenue streams[14]. - The company is committed to maintaining transparency in its financial disclosures, utilizing platforms such as the China Securities Journal and Securities Times for reporting[13]. - The company is actively promoting the restructuring and revitalization of underperforming assets, including the transfer of 51% equity in Fengyu Rock Company[37]. - The company has implemented a new marketing system to enhance resource integration and improve operational efficiency[33]. - The company is focusing on integrating resources across its subsidiaries to improve operational efficiency and service offerings[100]. Shareholder and Investor Relations - The company has a dedicated investor relations team to handle inquiries and maintain communication with shareholders[12]. - The company plans to distribute a cash dividend of 0.80 RMB per 10 shares based on a total of 360,100,000 shares, which represents a total cash distribution of 28,808,000 RMB[4]. - The company’s financial report has been confirmed as true, accurate, and complete by its management, including the chairman and accounting head[3]. - The company has not experienced any changes in its controlling shareholders since its listing, ensuring stability in ownership[14]. Market Position and Competition - The company is positioned as the largest tourism group in the Guilin area, leveraging advantages in tourism resource monopoly and integrated marketing[25]. - The company faces intense competition from similar tourism enterprises and scenic spots in surrounding regions, necessitating a strong competitive strategy[119]. - The company is exploring potential mergers and acquisitions to strengthen its market position[99]. Social Responsibility and Community Engagement - The company has established a poverty alleviation plan in Sanhe Village, aiming to ensure that by 2020, all impoverished residents have access to basic needs and services, achieving complete poverty alleviation[194]. - The company has actively engaged in training and supporting impoverished households to develop local industries, thereby enhancing their self-sufficiency and economic stability[196]. - The company has integrated corporate social responsibility into its development strategy, focusing on sustainable growth while protecting stakeholder interests[18]. Future Outlook and Guidance - The company plans to expand its market presence by launching new products and enhancing service offerings in the next quarter[99]. - Future guidance suggests a revenue target of 1.2 billion yuan for the next quarter, representing a 20% growth[99]. - The company aims to enhance operational efficiency through strategic partnerships and collaborations[99]. - The company plans to increase the number of tourists, operating revenue, and net profit in 2019 compared to 2018[130].