Group 1: Company Overview - The main business of Guilin Tourism Co., Ltd. includes scenic spots, hotels, and transportation services, with scenic spots being the core business [1] - The company's scenic spots can be categorized into three main tourist routes: city center line, southern line, and northern line [1] Group 2: Recent Development Strategies - Under Chairman Liu Tao's tenure, the company has implemented the "345" strategy, which includes establishing three major goals and focusing on significant actions [1] - The company plans to dispose of, divest, or collaborate on underperforming assets [1] Group 3: Project Updates - The Lijiang Eternal Love performance project is expected to have a one-year construction period before commencing operations, leveraging the strengths of both Guilin Tourism and Songcheng Performance [2] - Guilin Tourism holds an 18% stake in Guilin Airlines Tourism Group Co., Ltd., and this matter is currently in progress [2]

证券代码：000978 证券简称：桂林旅游 编号：2015-002 桂林旅游股份有限公司投资者关系活动记录表 | --- | --- | --- | |----------------|------------------------------------------------------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | | | | | 投资者关系活动 | √ 特定对象调研 | □ 分析师会议 | | 类别 | □ 媒体采访 | □ 业绩说明会 | | | □ 新闻发布会 | □ 路演活动 | | | □ 现场参观 | | | | □ | 其他 （请文字说明其他活动内容） | | 参与单位名称及 | 华泰证券刘洋，鹏华基 ...

Group 1: Company Overview - The main business of Guilin Tourism Co., Ltd. includes scenic spots, hotels, and transportation services, with scenic spots being the core business [1] - The company's scenic spots can be categorized into three main tourist routes: urban center line, southern line, and northern line [1] Group 2: Development Strategy - The company implements a "345" strategy, which includes three main goals: good profitability, large market capitalization, and strong brand [2] - Four key focuses of the strategy are: asset management for internal growth, capital operations for external expansion, deepening reforms for innovative mechanisms, and cultural development for brand building [2] - Five major actions include achieving new breakthroughs, revitalizing the company, enhancing the 5A brand of Two Rivers and Four Lakes, and promoting new progress in external expansion [2] Group 3: Industry Trends - The tourism industry is showing signs of recovery, with 1.3824 million visitors received in the first half of 2015, representing a year-on-year growth of 18.72% [2] - The growth is attributed to the recovery of the tourism sector and the opening of the Guizhou-Guilin-Guangzhou high-speed railway [2] Group 4: Future Projects - The Lijiang Eternal Love performance project is expected to have a one-year construction period before commencing operations [2]

Group 1: Company Overview - The main business of Guilin Tourism Co., Ltd. includes scenic spots, hotels, and transportation services, with scenic spots being the core business [1] - The company has three main tourist routes: urban center line, southern line, and northern line [1] Group 2: Mid-term Development Strategy - The company implements a "345" strategy, which includes establishing three major goals, focusing on four key areas, and launching five major actions [1] - The strategy aims to improve the company's fundamentals through capital operations and asset integration [2] Group 3: Asset Management - The company plans to dispose of or cooperate on underperforming assets or businesses, expecting to achieve phased results within the year [2] - Guilin Tourism Development Company will hold a 16% stake in Guilin Airlines Tourism Group, which is expected to improve corporate governance and market operations [2] Group 4: Future Projects - The Lijiang Eternal Love performance project is expected to have a one-year construction period and will begin operations soon [2] - The project aims to leverage the strengths of both Guilin Tourism and Songcheng Performance, enhancing the company's development through "tourism + performance" initiatives [2]

Group 1: Company Performance - The tourism industry is performing well this year, with a 19% increase in visitor reception from January to May [1] - The Spring Festival Gala's Guilin sub-venue effect contributed positively to the company's performance [1] Group 2: Corporate Governance - The company is a state-controlled enterprise, and the actual controller needs to assess and decide on candidates for the board of directors and supervisors [1] - The company has repeatedly reported on the board and supervisory board re-election matters to the actual controller and is currently urging the process [1] Group 3: Local Government Support - The Guilin Municipal Party Committee and government support the company in integrating local tourism resources [1]

Group 1: Company Overview - The main business of Guilin Tourism Co., Ltd. includes scenic spots, hotels, and transportation services, with scenic spots being the core business [1] - The company’s scenic spots can be categorized into three main tourist routes: city center line, south line, and north line [1] Group 2: Development Goals - The mid-term development goal is to enhance profit scale and market value, aiming to build a scientifically managed, efficient, and well-structured company [2] - Strategies to improve profit scale and market value include enhancing existing business profitability, utilizing capital market refinancing, and restructuring underperforming assets [2] Group 3: Key Projects - The Lijiang Eternal Love performance project is expected to commence operations in mid-2018, leveraging the popularity of Yangshuo as a tourist hub [2] - This project represents a significant strategic move for resource complementarity between the company and Songcheng Performance [2] Group 4: Shareholder Concerns - The company is monitoring media reports regarding potential liquidity risks associated with HNA Group, the actual second-largest shareholder [2]

证券代码：000978 证券简称：桂林旅游 编号：2017-002 桂林旅游股份有限公司投资者关系活动记录表 | --- | --- | --- | |-------------------------|-----------------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

桂林旅游股份有限公司投资者关系活动记录表 编号：2021-002 | --- | --- | --- | |------------------------|--------------------------------------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | | √特定对象调研 | □分析师 ...

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。 重要内容提示： 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完整，不存在虚假记载、误导性陈述 或重大遗漏，并承担个别和连带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报告中财务信息的真实、准 确、完整。 3.第三季度报告是否经过审计 □是 否 桂林旅游股份有限公司 2022 年第三季度报告 证券代码：000978 证券简称：桂林旅游 公告编号：2022-044 桂林旅游股份有限公司 2022 年第三季度报告 一、主要财务数据 （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 | 本报告期 | 年初至报告期末 | 年初至报告期末 | | --- | --- | --- | --- | --- | | | | 比上年同期增减 | | 比上年同期增减 | | 营业收入（元） | 58,972,741.77 | -9.91% | 98,971,974.25 | -51.28% | | 归属于上市公 ...

Financial Performance - The company's operating revenue for the first half of 2022 was CNY 39,999,232.48, a decrease of 70.95% compared to CNY 137,686,901.60 in the same period last year[23]. - The net profit attributable to shareholders of the listed company was a loss of CNY 133,711,650.36, representing a decline of 110.19% from a loss of CNY 63,615,015.74 in the previous year[23]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of CNY 140,550,629.20, down 107.91% from a loss of CNY 67,602,487.00 in the same period last year[23]. - The basic and diluted earnings per share were both CNY -0.354, reflecting a 100% decline from CNY -0.177 in the same period last year[23]. - The weighted average return on net assets was -12.00%, a decrease of 7.05% from -4.95% in the previous year[23]. - The company reported a total revenue of CNY 39.99 million, a decrease of 70.95% year-on-year due to the impact of COVID-19 restrictions on tourist flow[41]. - Total operating costs were CNY 184.09 million, down 16.63% year-on-year, reflecting reduced operational activity[41]. - The net profit attributable to shareholders was CNY -133.71 million, an increase in loss of 110.19% compared to the previous year[41]. - The number of visitors received was 707,200, a decline of 68.97% year-on-year, with significant drops in various segments[39]. - The revenue from the tourism service sector was CNY 37.18 million, accounting for 92.94% of total revenue, down 72.56% year-on-year[42]. Cash Flow and Liquidity - The net cash flow from operating activities was a negative CNY 33,010,738.12, which improved by 3.19% compared to a negative CNY 34,097,751.77 in the previous year[23]. - Cash and cash equivalents increased by 1,093.49% to CNY 175.57 million, largely due to fundraising activities[41]. - The company's operating cash flow net amount was CNY -33.01 million, a slight improvement of 3.19% year-on-year[41]. - The cash flow from operating activities showed a net outflow of ¥33,010,738.12, slightly improved from a net outflow of ¥34,097,751.77 in the same period last year[195]. - The total cash inflow from financing activities reached 673,257,850.00 CNY, a substantial increase from 184,000,000.00 CNY in the first half of 2021[197]. - The cash outflow for repaying debts was 434,240,000.00 CNY, significantly higher than 132,695,000.00 CNY in the first half of 2021[197]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 2,649,105,302.97, an increase of 3.64% from CNY 2,556,072,476.94 at the end of the previous year[23]. - The total liabilities decreased to CNY 1,205,424,674.33 from CNY 1,435,888,354.96, a reduction of about 16%[183]. - The company's equity attributable to shareholders increased to CNY 1,435,659,032.13 from CNY 1,103,777,056.06, marking a growth of approximately 30.1%[183]. - Long-term borrowings decreased to CNY 615,540,000.00 from CNY 796,050,000.00, a decline of approximately 22.7%[183]. - The company's inventory decreased to CNY 4,835,000.97 from CNY 5,266,208.70, a decline of approximately 8.2%[181]. Investment and Financing Activities - The company raised a total of RMB 478,572,900 through a non-public offering of 108,030,000 A shares at a price of RMB 4.43 per share[62]. - After deducting issuance costs of RMB 12,877,358.49, the net proceeds amounted to RMB 465,695,541.51, which were used to repay bank loans[62]. - The company issued 10.8 million shares to its controlling shareholder, raising CNY 465.70 million in net funds[41]. - The company has ongoing significant non-equity investments, indicating a focus on expanding its investment portfolio[57]. - The company has provided guarantees for loans taken by its subsidiaries, indicating a strategy to support growth projects[54]. Market Position and Competitive Advantage - The company holds a 100% stake in the five-star Guilin Lijiang Waterfall Hotel and operates 41 star-rated cruise ships with a total capacity of 4,126 passengers, accounting for approximately 32.55% of the total star-rated cruise capacity in Guilin[30]. - The company has a 40-year exclusive operating right for the Two Rivers and Four Lakes scenic area, which is a significant competitive advantage in the tourism sector[36]. - The company’s market position is supported by its monopoly on key tourism resources and strong integration capabilities[35]. - The company is positioned as a key player in the development of Guilin as a world-class tourist city, leveraging its resource advantages[34]. Operational Challenges and Strategic Changes - The company has experienced significant operational challenges due to the COVID-19 pandemic, impacting overall performance compared to pre-pandemic levels[34]. - The company plans to shift from a heavy asset, high-cost operation model to a light asset, low-cost operation model to enhance its risk resilience[74]. - The company plans to enhance its marketing efforts and improve product recognition to increase market share in response to competitive pressures from other tourism enterprises[75]. - The company aims to establish a two-tier marketing system to improve operational efficiency and resource allocation across its various business units[77]. Related Party Transactions - The total amount of related party transactions for the year 2022 is estimated to be 32,335.64 million yuan[110]. - The company purchased materials and tickets from related parties amounting to 1,957.74 million yuan, representing 54.85% of the total transaction amount[110]. - The company also purchased fuel from related parties for 749.94 million yuan, which is 31.81% of the total transaction amount[110]. - The company provided services to related parties, generating revenue of 2,141.41 million yuan, accounting for 0.54% of the total transaction amount[110]. - The company has established pricing principles for related party transactions to ensure fairness and transparency[110]. Future Outlook - Future outlook indicates a projected revenue growth of 20% for the second half of 2022, driven by new marketing strategies and product offerings[103]. - The company plans to expand its market presence by entering three new provinces by the end of 2022, aiming for a 15% increase in market share[103]. - The management has set a performance guidance of 10% revenue growth for the next quarter, reflecting confidence in ongoing projects[105].