云南旅游股份有限公司 2019 年第一季度报告全文 云南旅游股份有限公司 2019 年第一季度报告 公司负责人张睿、主管会计工作负责人唐海成及会计机构负责人(会计主管 人员)杨丽声明：保证季度报告中财务报表的真实、准确、完整。 2 云南旅游股份有限公司 2019 年第一季度报告全文 所有董事均已出席了审议本次季报的董事会会议。 第二节 公司基本情况 一、主要会计数据和财务指标 2019 年 04 月 1 云南旅游股份有限公司 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。 √ 适用 □ 不适用 单位：元 | 项目 | 年初至报告期期末金额 | 说明 | | --- | --- | --- | | 非流动资产处置损益（包括已计提资产减值准备的冲销部分） | -53,392.78 | | | 计入当期损益的政府补助（与企业业务密切相关，按照国家统 | 47,169.81 | | | 一标准定额或定量享受的政府补助除外） | | | | 受托经营取得的托管费收入 ...

Financial Performance - The company's operating revenue for Q1 2019 was ¥326,533,363.29, representing a 15.06% increase compared to ¥283,793,822.88 in the same period last year[8]. - The net profit attributable to shareholders was -¥20,855,836.81, showing a slight improvement of 0.11% from -¥20,880,304.55 year-on-year[8]. - The net cash flow from operating activities was ¥409,274,402.87, a significant turnaround from -¥298,645,551.95 in the previous year, marking a 238.50% increase[8]. - The company achieved operating revenue of 326.53 million yuan, an increase of 15.06% compared to 283.79 million yuan in the same period last year[16]. - The net profit attributable to shareholders of the parent company was -20.86 million yuan, a slight decrease of 0.11% compared to -20.83 million yuan in the same period last year[16]. - The net profit for the current period was -¥22,002,816.94, an improvement compared to -¥25,944,923.14 in the previous period, indicating a reduction in losses of approximately 15.1%[42]. - The operating profit for the current period was -¥20,765,678.74, showing a smaller loss compared to -¥23,892,723.08 in the previous period, a decrease in loss of about 13.5%[41]. - The total comprehensive income for the current period was -¥22,002,816.94, an improvement from -¥25,944,923.14 in the previous period, indicating a reduction in comprehensive losses of about 15.1%[42]. Cash Flow - The net cash flow from operating activities for the first quarter was ¥409,274,402.87, a significant improvement compared to a net cash outflow of ¥295,514,758.15 in the same period last year[48]. - Total cash inflow from investment activities amounted to ¥607,377,226.89, while cash outflow was ¥21,027,226.99, resulting in a net cash flow of ¥586,349,999.90[49]. - The company raised ¥579,406,800.00 through financing activities, with cash outflow for debt repayment totaling ¥435,000,000.00, leading to a net cash flow of ¥136,139,032.94 from financing activities[49]. - The total cash and cash equivalents at the end of the period reached ¥1,375,332,976.71, compared to ¥455,774,827.35 at the end of the previous period[49]. - The company reported a significant increase in cash received from operating activities, totaling ¥417,330,766.59, compared to ¥20,484,808.76 in the previous year[50]. - The net increase in cash and cash equivalents for the period was ¥1,131,763,435.71, a recovery from a decrease of ¥230,149,461.26 in the same quarter last year[49]. Assets and Liabilities - The total assets at the end of the reporting period were ¥4,228,865,862.28, reflecting a 2.38% increase from ¥4,130,482,213.27 at the end of the previous year[8]. - The total liabilities amounted to CNY 2,133,772,480.22, up from CNY 2,012,816,870.54, representing an increase of approximately 6.0%[32]. - Current liabilities rose to CNY 2,130,654,383.20, compared to CNY 2,007,641,265.19, marking an increase of about 6.1%[32]. - The company's total equity decreased to CNY 2,095,093,382.06 from CNY 2,117,665,342.73, reflecting a decline of about 1.1%[33]. - The company's short-term borrowings increased to CNY 773,320,000.00 from CNY 629,120,000.00, an increase of approximately 23.0%[32]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 32,106[12]. - The largest shareholder, Yunnan Expo Tourism Holding Group Co., Ltd., held 49.52% of the shares, totaling 361,883,986 shares[12]. Investments and Acquisitions - The company completed the acquisition of 51% of Yunnan International Travel Service Co., Ltd. in December 2018, impacting the financial data for the current period[17]. - The company plans to acquire 100% of the shares of Wenlv Technology through a combination of issuing shares and cash payment, which has been approved by the China Securities Regulatory Commission[19]. Other Financial Metrics - The basic and diluted earnings per share remained stable at -¥0.0285, unchanged from the previous year[8]. - The weighted average return on equity improved to -1.06%, up from -1.36% in the same period last year[8]. - The company reported non-operating income of ¥358,589.35 from entrusted management fees during the reporting period[9]. - The company's financial expenses decreased due to reduced bank borrowings, contributing to a more stable net profit[16]. - The financial expenses for the current period were ¥8,299,583.16, significantly reduced from ¥17,465,602.17 in the previous period, a decrease of about 52.6%[39]. - The tax expenses for the current period were ¥1,387,152.06, down from ¥3,155,513.71 in the previous period, a reduction of approximately 56.0%[41]. - Other income for the current period was ¥47,169.81, compared to no other income in the previous period[39].

Financial Performance - The company's operating revenue for 2018 was CNY 2,260,358,813.54, an increase of 11.56% compared to CNY 2,026,123,515.86 in 2017[18] - The net profit attributable to shareholders was CNY 487,264,825.31, representing a significant increase of 580.37% from CNY 71,617,484.40 in the previous year[18] - Basic earnings per share rose to CNY 0.6668, up 580.41% from CNY 0.0980 in 2017[18] - The total profit for 2018 was CNY 76,470,000, reflecting a significant increase of CNY 61,097,000 or 397.43% compared to the previous year[35] - The net profit attributable to shareholders reached CNY 48,726,480, up CNY 41,564,730 or 580.37% year-on-year[35] - The company's total revenue for Q4 2018 was approximately ¥865.78 million, showing a significant increase compared to Q1's ¥283.79 million[22] - The net profit attributable to shareholders for Q4 2018 was approximately ¥484.77 million, a recovery from a loss of ¥20.83 million in Q1[22] Cash Flow and Assets - The net cash flow from operating activities was CNY 68,998,934.50, a decrease of 54.47% compared to CNY 151,551,117.26 in 2017[18] - The total assets at the end of 2018 were CNY 4,130,482,213.27, a decrease of 13.91% from CNY 4,798,111,063.31 in 2017[18] - The company's net cash flow from operating activities decreased by 54.47% year-on-year to CNY 68.99 million, primarily due to increased labor, material, and construction machinery costs related to horticultural projects[55] - The company's cash and cash equivalents saw a net decrease of CNY 442.35 million, a decline of 236.74% compared to the previous year[55] - The company's long-term equity investments remained stable at CNY 9.83 million, with a slight increase from CNY 9.51 million in the previous year[59] Dividends and Shareholder Returns - The company plans to distribute a cash dividend of CNY 0.67 per 10 shares, based on a total of 730,792,576 shares[5] - The cash dividend for 2018 represents 10.05% of the net profit attributable to the company's ordinary shareholders[90] - The cash dividend distribution for 2016 was RMB 0.20 per 10 shares, totaling RMB 29,231,703.04, which was 45.24% of the net profit attributable to ordinary shareholders[90] - The cash dividend distribution for 2017 was RMB 0.10 per 10 shares, totaling RMB 7,307,925.76, which was 10.20% of the net profit attributable to ordinary shareholders[90] Business Segments and Operations - The company has positioned itself as a comprehensive service provider in the tourism sector, covering multiple business segments including scenic spots, real estate, and travel services[29] - The tourism real estate segment reported operating revenue of CNY 58,187,000, a year-on-year increase of CNY 15,631,000 or 36.73%[36] - The travel agency segment achieved operating revenue of CNY 57,950,000, up CNY 8,390,000 or 16.93% year-on-year[36] - The transportation segment generated operating revenue of CNY 28,334,000, reflecting a growth of CNY 4,113,000 or 16.98% compared to the previous year[37] - The wedding culture segment, through the "Huanxi Valley" project, reported revenue of CNY 14,151,000, an increase of CNY 6,352,000 or 81.45% year-on-year[38] Strategic Initiatives and Acquisitions - The company completed the acquisition of a 51% stake in Yunnan International Travel Agency, enhancing its market presence[30] - The company aims to leverage its unique tourism industry chain advantages and technology projects to enhance its competitive position in the market[32] - The company has restructured its strategic positioning to focus on becoming a "comprehensive service provider for all-domain tourism" and has optimized its business structure accordingly[39] - The company plans to leverage its capital platform to enhance profitability and pursue mergers and acquisitions to expand quality tourism resources[83] Risks and Challenges - The company has faced market competition risks due to the increasing number of competitors in the tourism industry, which may impact its traditional competitive advantages[84] - The company has acknowledged the risk of uncontrollable factors, such as major pandemics and natural disasters, which could significantly affect its operations[84] - The company has a management risk associated with the need for effective integration across service, talent, marketing, management, and technology to leverage its diversified business advantages[84] Governance and Compliance - The company has committed to ensuring the accuracy and completeness of information provided during its asset restructuring process, with ongoing compliance as of the reporting period[93] - The company has established a clear governance structure to maintain operational independence from the parent company[97] - The company is committed to ensuring that its senior management is exclusively dedicated to its operations, without holding positions in the parent company[97] - The company has a robust governance structure in compliance with relevant laws and regulations, ensuring transparency and fairness for all shareholders[172] Employee and Management Structure - The company expanded its workforce to 3,225 employees, including 2,181 full-time contract workers, fulfilling its social responsibility[133] - The total remuneration for directors and senior management during the reporting period amounted to CNY 995.07 million[164] - The company has a performance-based compensation system for senior management, linking pay to the achievement of annual operational targets[163] - The management team includes several vice presidents with diverse roles in subsidiaries, enhancing operational efficiency[161] Internal Controls and Audit - The company maintained effective internal controls related to financial reporting as of December 31, 2018, with no significant deficiencies identified[188] - The internal control self-assessment report indicated that 85.07% of the total assets and 50.60% of the total revenue were included in the evaluation scope[186] - The audit committee reviewed the financial statements and internal audit reports, contributing to the effective operation of internal controls[182] - There were no major defects in internal controls or financial reporting during the reporting period[186]

Financial Performance - Operating revenue for the reporting period was approximately CNY 328.32 million, representing a year-on-year increase of 6.69%[8] - Net profit attributable to shareholders was approximately CNY -1.06 million, a decrease of 105.97% compared to the same period last year[8] - Basic earnings per share were CNY -0.0014, down 105.79% year-on-year[8] - Total profit for the period was 58.21 million RMB, a decrease of 7.00% from 62.59 million RMB year-on-year[16] - Net profit attributable to shareholders was 2.44 million RMB, down 93.14% from 35.61 million RMB in the previous year[16] - The company expects net profit attributable to shareholders for 2018 to be between 460.00 million RMB and 490.00 million RMB, representing a growth of 542.95% to 584.88% compared to 71.55 million RMB in 2017[23] Cash Flow - Cash flow from operating activities was approximately CNY -51.21 million, a decrease of 121.36% compared to the previous year[8] - Net cash flow from operating activities was 84.65 million RMB, a decline of 33.22% from 126.76 million RMB year-on-year[17] - Cash flow from investment activities showed a net outflow of 4,322.35 million RMB, significantly increasing from a net outflow of 712.46 million RMB in the previous year[17] - The company’s cash and cash equivalents decreased by 388.72 million RMB compared to the beginning of the year, primarily due to the repayment of bonds totaling 414.25 million RMB[17] Shareholder Information - The company reported a total of 32,203 common shareholders at the end of the reporting period[12] - Yunnan Expo Tourism Holding Group Co., Ltd. held 49.52% of the shares, making it the largest shareholder[12] Non-Recurring Items - Non-operating income included government subsidies amounting to CNY 1.86 million[10] - The company has not reclassified any non-recurring gains and losses as recurring items during the reporting period[10] Major Transactions and Plans - The company plans to acquire 100% of Wenlv Technology through a non-public stock issuance and cash payment, constituting a major asset restructuring[19] Asset and Liabilities - Total assets at the end of the reporting period were approximately CNY 4.35 billion, a decrease of 8.96% compared to the end of the previous year[8] - The company’s construction in progress increased by 42.31 million RMB compared to the beginning of the year, driven by ongoing projects[18] - The company’s prepayments decreased by 208.90 million RMB, mainly due to the recognition of revenue from the Mingfeng Neighborhood project[18] Other Activities - No entrusted financial management activities occurred during the reporting period[27] - The company did not engage in any research, communication, or interview activities during the reporting period[28] - The report was presented by Chairman Zhang Rui on October 30, 2018[29]

Financial Performance - The company's operating revenue for the reporting period was ¥773,290,052.36, representing a 47.48% increase compared to the same period last year[17]. - The net profit attributable to shareholders of the listed company was ¥3,498,919.98, a decrease of 80.49% year-on-year[17]. - The basic earnings per share decreased to ¥0.0048, down 80.41% from ¥0.0260 in the same period last year[17]. - The company reported a significant decline in net profit due to increased operational costs and market challenges[17]. - The company achieved a revenue of 773.29 million yuan, representing a year-on-year growth of 47.48%[31]. - The net profit attributable to shareholders decreased by 80.49% to 3.49 million yuan, while the net profit after deducting non-recurring gains and losses dropped by 96.61% to 0.4953 million yuan[31]. - The company reported a significant increase in income tax expenses, which rose by 136.92% to ¥29,965,457.68 due to an increase in total profit[36]. - The company reported a net profit of ¥681,067.89 for its subsidiary Yunnan Expo Garden Hotel, indicating a positive performance in the hospitality sector[70]. - The company expects a net profit attributable to shareholders to be in the range of ¥1.5 million to ¥11 million for the first nine months of 2018, reflecting a decrease of 69.11% to 95.79% compared to the previous year[73]. Cash Flow and Liquidity - The net cash flow from operating activities was ¥135,861,269.22, showing a significant improvement of 220.20% compared to the previous year[17]. - The company's cash and cash equivalents decreased by 326 million yuan, a decline of 48.27%, primarily due to the repayment of 414 million yuan in bond interest[27]. - The ending balance of cash and cash equivalents was 349,424,557.86 yuan, down from 544,392,976.05 yuan at the end of the previous period[152]. - The company reported a net cash flow from investing activities of -407,703,254.20 yuan, worsening from -41,867,806.38 yuan in the same period last year[152]. - Total cash inflow from operating activities reached 1,074,981,491.08 yuan, compared to 849,276,783.19 yuan in the prior period, indicating a year-over-year increase of approximately 26.6%[150]. Assets and Liabilities - Total assets at the end of the reporting period were ¥4,316,863,238.96, a decrease of 9.66% from the end of the previous year[17]. - The company's total assets decreased to CNY 2,274,717,287.64 from CNY 2,445,787,914.26, a decline of 7%[141]. - The company's total liabilities decreased from CNY 2,916,809,148.31 to CNY 2,427,771,667.08, indicating a decline of approximately 17%[136]. - The company's short-term borrowings increased from CNY 880,000,000.00 to CNY 1,173,120,000.00, representing a rise of about 33%[135]. - The total equity of Yunnan Tourism Co., Ltd. increased from CNY 1,861,893,546.53 to CNY 1,889,091,571.88, showing a growth of approximately 1.5%[136]. Investment and Capital Structure - The company completed the transfer of 60% equity in its subsidiary, Yunnan Expo Xing Tai Investment Development Co., Ltd., to its controlling shareholder, Yunnan Expo Tourism Holding Group Co., Ltd.[27]. - The company made a significant equity investment of 49 million yuan in Yunnan Dianyue Tourism Development Co., Ltd., acquiring a 51% stake[51]. - The company plans to use up to CNY 100 million of idle raised funds to supplement working capital, which accounts for 78.39% of the net amount raised[60]. - The company approved a total guarantee amount of CNY 4,000 million during the reporting period, with an actual guarantee amount of CNY 4,000 million[101]. - The company has a registered capital of ¥430 million for its real estate subsidiary, which is part of its broader strategy to expand its market presence[70]. Operational Challenges and Risks - The company is facing potential risks in its future operations, which are detailed in the report[5]. - The company is focusing on enhancing its core tourism business by divesting from non-core subsidiaries, which is expected to reduce uncertainties related to project timelines[71]. - The competitive landscape in the tourism industry is intensifying, prompting the company to continuously improve service quality and adjust product strategies[74]. - The company is actively revising its development strategy in response to the entry of competitors like Overseas Chinese Town Group, which could significantly impact its future growth[75]. - The company is facing management risks due to its diversified operations across seven major sectors, which require effective integration of talent, service, and technology[74]. Shareholder and Governance - The total number of ordinary shareholders at the end of the reporting period was 32,385[118]. - Yunnan Expo Tourism Holding Group Co., Ltd. is the largest shareholder, holding 49.52% of shares, totaling 361,883,986 shares[119]. - The company did not issue any securities during the reporting period[116]. - There were no changes in the controlling shareholder or actual controller during the reporting period[121]. - The company has not reported any major events that would impact its financial stability or operational capacity[182]. Compliance and Reporting - The half-year financial report has been audited by Xinyong Zhonghe Accounting Firm[82]. - The company's financial reports comply with the requirements of the enterprise accounting standards, reflecting its financial status and operational results accurately[184]. - There were no significant changes in accounting policies or estimates during the reporting period[184]. - The company has not reported any significant changes in project feasibility during the reporting period[58]. - The company has not engaged in any stock incentive plans or employee stock ownership plans during the reporting period[85].

Financial Performance - The company reported operating revenue of CNY 196.01 million, a decrease of 10.39% compared to CNY 218.73 million in the same period last year[9]. - The net profit attributable to shareholders was a loss of CNY 20.88 million, a significant decline of 3,396.14% from a profit of CNY 0.11 million in the previous year[9]. - Basic and diluted earnings per share were both negative CNY 0.0286, a decline of 3,475.00% from CNY 0.0002 in the previous year[9]. - The net profit attributable to shareholders in the first half of 2017 was 17.93 million yuan, indicating a significant decline in expected performance for 2018[23]. - The company expects the net profit attributable to shareholders for the first half of 2018 to be between 2.5 million yuan and 11 million yuan, representing a decrease of 86.06% to 38.66% compared to the same period in 2017[23]. Cash Flow - The net cash flow from operating activities was negative CNY 298.65 million, a decrease of 1,781.71% compared to CNY 18.36 million in the same period last year[9]. - The net cash flow from operating activities for the reporting period was -298.65 million yuan, a decrease of 316.40 million yuan compared to the same period last year, primarily due to the payment of 300 million yuan for land development projects[18]. - The net cash flow from investing activities was -29.48 million yuan, an increase in net outflow of 12.83 million yuan compared to the same period last year, mainly due to increased cash payments for construction projects[18]. - The net cash flow from financing activities was 94.84 million yuan, an increase of 44.29 million yuan or 87.60% compared to the same period last year, primarily due to increased cash received from borrowings[18]. - The company’s cash flow changes directly impacted earnings per share, basic earnings per share, diluted earnings per share, and return on equity[18]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 4.80 billion, an increase of 0.41% from CNY 4.78 billion at the end of the previous year[9]. - The net assets attributable to shareholders decreased by 1.40% to CNY 1.53 billion from CNY 1.55 billion at the end of the previous year[9]. Strategic Initiatives - The company is focusing on integrating and extending the tourism industry chain, responding to government initiatives to promote tourism services[17]. - The company is advancing the construction of smart scenic areas and enhancing marketing efforts as part of its strategic initiatives[17]. - The company is planning a major asset restructuring by acquiring 100% equity of Shenzhen Overseas Chinese Town Cultural Tourism Technology Co., Ltd. for no less than 1.7 billion yuan[19]. - The acquisition will make the target company a wholly-owned subsidiary, focusing on high-tech cultural tourism products and services[19]. - The company has engaged relevant intermediaries for auditing and evaluation related to the acquisition[19]. Financial Obligations - The company experienced a significant increase in financial expenses due to increased bank borrowings, impacting overall revenue and profit[17]. - The company has no overdue commitments from actual controllers, shareholders, or related parties during the reporting period[22]. Shareholder Information - The company reported a total of 32,385 common shareholders at the end of the reporting period[13].

Financial Performance - The company's operating revenue for 2017 was CNY 1,621,470,860.14, representing a year-on-year increase of 10.87% compared to CNY 1,459,534,463.18 in 2016[18] - The net profit attributable to shareholders of the listed company was CNY 71,545,227.11, up 10.93% from CNY 66,797,387.29 in the previous year[18] - The net profit after deducting non-recurring gains and losses was CNY 62,906,662.74, an increase of 24.92% from CNY 50,358,426.39 in 2016[18] - The basic earnings per share for 2017 was CNY 0.0979, reflecting a growth of 10.87% from CNY 0.0914 in 2016[19] - Total assets at the end of 2017 reached CNY 4,778,702,694.84, marking a 19.35% increase from CNY 3,970,502,247.24 at the end of 2016[19] - The net assets attributable to shareholders of the listed company were CNY 1,547,310,391.56, a slight increase of 1.77% from CNY 1,494,375,743.43 in 2016[19] - The weighted average return on equity for 2017 was 4.71%, up from 4.00% in 2016[19] - The total operating revenue for 2017 reached CNY 1,621,470,860.14, representing a year-on-year increase of 10.87% compared to CNY 1,462,510,904.76 in 2016[47] - The total operating cost for 2017 was CNY 1,139,173,356.47, reflecting a 6.27% increase from the previous year[53] Cash Flow and Investments - The net cash flow from operating activities was CNY 152,380,494.47, a significant improvement of 347.78% compared to a negative cash flow of CNY -36,352,415.65 in 2016[18] - The company's cash and cash equivalents increased by 324 million yuan, a growth of 92.34%, primarily due to increased pre-sale funds from a project[32] - The company’s long-term equity investments rose by 7.66 million yuan, a growth of 413.93%, due to investments in a new company[35] - The company completed investments totaling 1.11 billion yuan across 32 projects, against an initial target of 1.88 billion yuan[40] - The total investment activity cash outflow decreased by 62.09% to CNY 132,886,821.74 compared to the previous year[60] - The total financing cash inflow was CNY 1,477,136,350.00, a 96.64% increase year-on-year[60] Business Segments and Growth - The tourism real estate segment achieved its highest sales revenue in nearly a decade during 2017[29] - The hotel management segment generated over ¥90 million in revenue, with profits exceeding ¥6 million for the year[30] - The tourism scenic area segment generated a revenue of 126 million yuan and a profit of 75.81 million yuan, showing growth compared to the previous year[40] - The tourism real estate segment reported a revenue of 426 million yuan and a profit of 80.28 million yuan, also reflecting an increase year-on-year[40] - The tourism culture segment experienced a remarkable growth of 811.69%, with revenue rising to CNY 27,135,828.86 from CNY 2,976,441.58[47] Strategic Initiatives - The company is actively pursuing the development of smart tourism initiatives, including the integration of data platforms and smart scenic area construction[28] - The company aims to enhance its operational capabilities by expanding into new business areas such as RV camps and catering management services[30] - The overall strategy includes positioning as a "city ecological tourism complex developer and operator" to enhance profitability across various business segments[28] - The company is focused on resource integration and policy support to strengthen its transportation segment amid market competition[29] - The company aims to leverage its capital market advantages to acquire quality tourism resources and enhance operational levels[87] Risk Management and Compliance - The company does not foresee any significant risk factors that could adversely affect its operational and financial status[5] - The company has committed to providing accurate and complete information during the major asset restructuring, with no violations reported as of the end of the reporting period[101] - The company has committed to maintaining independence in operations, assets, and finances post-restructuring, with no violations reported[102] - The company has established a safety production responsibility system to ensure a solid safety guarantee for its development[90] - The company has confirmed that there are no significant civil lawsuits or administrative penalties against its main management personnel in the last five years[108] Shareholder and Governance - The company plans to distribute a cash dividend of CNY 0.10 per 10 shares, totaling CNY 73,079,257.60 based on 730,792,576 shares[5] - The company has a stable management team with all current directors and supervisors holding zero shares[172] - The board of directors includes experienced professionals, with Zhang Rui serving as chairman since August 2017 and holding a master's degree[175] - The company has established a performance evaluation system for senior management, linking compensation to the achievement of operational goals[180] - The company has undergone a significant change in control, with the actual controller shifting from the Yunnan Provincial State-owned Assets Supervision and Administration Commission to the State-owned Assets Supervision and Administration Commission of the State Council[153] Employee and Community Engagement - The company has created 3,570 job opportunities, including 2,117 formal employees and 631 other labor personnel[148] - The company actively participates in poverty alleviation projects, including providing discounted rental cars for local youth and helping local students with educational support[150] - The company has established a comprehensive vocational training system to enhance employee skills and competencies[186] - The educational background of employees shows 33 with postgraduate degrees, 458 with bachelor's degrees, 528 with associate degrees, and 1,098 with vocational or lower education[184] Future Outlook - Yunnan Tourism plans to expand its market presence through strategic acquisitions and partnerships, focusing on tourism services and hotel management[166] - The company’s future outlook includes a projected revenue growth of 10% for the upcoming fiscal year, driven by increased tourism activities[162] - The company is actively exploring opportunities for mergers and acquisitions to strengthen its market position and diversify its service offerings[166]

云南旅游股份有限公司 2017 年第三季度报告正文 | 证券代码：002059 | 证券简称：云南旅游 | 公告编号：2017-097 | | --- | --- | --- | | 债券代码：112250 | 债券简称：15云旅债 | | 云南旅游股份有限公司 2017 年第三季度报告正文 1 云南旅游股份有限公司 2017 年第三季度报告正文 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。 云南旅游股份有限公司 2017 年第三季度报告正文 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 追溯调整或重述原因 同一控制下企业合并 | | 本报告期末 | | | 上年度末 | | 本报告期末比上年度末增 减 | | | --- | --- | --- | --- | --- | --- | --- | --- | | | | | 调整前 | 调整后 | | 调整后 | | | 总资产 ...

Financial Performance - The company's operating revenue for the first half of 2017 was ¥518,321,965.27, a decrease of 17.41% compared to ¥627,548,427.22 in the same period last year[17]. - The net profit attributable to shareholders of the listed company was ¥19,034,165.12, down 38.63% from ¥31,218,565.74 in the previous year[17]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥14,591,135.58, a decline of 52.86% compared to ¥30,955,908.99 in the same period last year[17]. - Basic earnings per share decreased to ¥0.0260, down 38.68% from ¥0.0427 in the same period last year[17]. - Total operating revenue for the first half of 2017 was CNY 518,321,965.27, a decrease of 17.4% compared to CNY 627,548,427.22 in the same period of 2016[156]. - Total profit for the period was CNY 34,025,963.84, a decrease of 40.5% compared to CNY 57,231,110.74 in the previous year[156]. - Operating profit for the first half of 2017 was CNY 27,965,615.08, down 50.3% from CNY 56,195,498.59 in the same period of 2016[156]. - The company reported a net loss of CNY -27,414,365.39 in profit distribution, highlighting financial challenges during the period[175]. Cash Flow and Liquidity - The net cash flow from operating activities was -¥114,648,243.39, worsening by 38.43% from -¥84,547,790.94 in the previous year[17]. - Cash and cash equivalents increased to ¥258,513,599.69 from ¥83,306,516.00, representing a growth of 210.5%[151]. - The company reported a total cash outflow from operating activities of 949,910,327.31 CNY, compared to 857,507,467.66 CNY in the previous period, highlighting increased operational costs[164]. - Total cash inflow from financing activities reached 1,207,980,000.00 CNY, significantly up from 280,000,000.00 CNY in the prior period, reflecting increased borrowing[165]. - The net cash flow from financing activities was 348,073,394.76 CNY, a recovery from -81,342,685.84 CNY in the previous period, showing improved financial management[165]. Assets and Liabilities - Total assets at the end of the reporting period were ¥4,225,446,460.69, an increase of 6.42% from ¥3,970,502,247.24 at the end of the previous year[17]. - The company's total liabilities reached CNY 2,380,497,410.79, up from CNY 2,121,199,537.68, marking an increase of approximately 12.2%[148]. - Current liabilities rose to CNY 2,309,236,088.46, compared to CNY 1,697,981,543.35, indicating an increase of about 35.9%[148]. - Short-term loans increased significantly to ¥860,000,000.00, representing 20.35% of total liabilities, compared to 7.24% in the previous year[43]. Investments and Projects - The company completed 123% of its annual inventory reduction target in the tourism real estate sector, with a signed area of 14,798.5 square meters and expected sales revenue of CNY 189.74 million[32]. - The investment progress for the Yunnan Travel Service Center project is at 15.42% as of September 2019, with CNY 659.93 million invested out of the total commitment of CNY 12,757.3 million[55]. - The project has faced delays due to the presence of military facilities on the land, which have not yet been vacated[55]. Shareholder and Equity Information - The total number of shares before the change was 730,792,576, with a reduction of 29,299,422 shares due to the lifting of restrictions[108]. - The largest shareholder, Yunnan Expo Tourism Holding Group Co., Ltd., holds 49.52% of the shares, totaling 361,883,986 shares[114]. - The company has a registered capital of CNY 730,792,576.00 as of the latest report[189]. - The total equity at the end of the current period is CNY 1,221,263,252.86, a decrease of CNY 232,064,260.69 compared to the previous period[181]. Management and Governance - The company experienced a change in management, appointing Zhang Rui as the new chairman on August 11, 2017, following the resignation of Wang Chong[123]. - The company held its first extraordinary general meeting on January 16, 2017, with a participation rate of 60.61%[70]. - The annual general meeting for 2016 was held on May 5, 2017, also with a participation rate of 60.61%[70]. Legal and Compliance Matters - The company is involved in a lawsuit regarding unpaid rent amounting to approximately 17.92 million yuan[75]. - There were no major litigation or arbitration matters during the reporting period[75]. - The half-year financial report has not been audited[73]. Corporate Social Responsibility - The company engaged in targeted poverty alleviation by visiting households in Lianghe County three times in the first half of 2017[98]. - A new poverty alleviation model was explored, combining a help fund with cooperatives and enterprises[99].

Financial Performance - The company achieved operating revenue of CNY 215,228,271.15, an increase of 45.85% compared to CNY 147,569,900.57 in the same period last year[9]. - The net profit attributable to shareholders of the listed company was CNY 114,840.37, a turnaround from a loss of CNY 12,239,756.70 in the previous year, representing a growth of 100.93%[9]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 172,222.39, compared to a loss of CNY 12,735,793.42 last year, marking an increase of 101.35%[9]. - The net cash flow from operating activities was CNY 18,358,418.34, a significant improvement from a negative cash flow of CNY 86,143,311.95 in the previous year, reflecting a growth of 121.31%[9]. - Basic earnings per share were CNY 0.0002, compared to a loss of CNY 0.0167 in the same period last year, indicating an increase of 101.18%[9]. - The company reported a profit total of CNY 750,300, a significant increase from a loss of CNY 2,039,710 in the same period last year, representing a growth of 103.68%[17]. Cash Flow Analysis - The net cash flow from operating activities for the reporting period was 18.36 million yuan, an increase of 121.31% compared to the same period last year, primarily due to increased rental income and project payments received[18]. - The net cash flow from investing activities was -15.53 million yuan, a decrease of 23.45% from the previous year, mainly due to increased cash payments for construction projects[18]. - The net cash flow from financing activities was 50.56 million yuan, an increase of 458.70% compared to -14.09 million yuan in the same period last year, primarily due to increased cash received from loans[18]. Strategic Initiatives - The company plans to accelerate its transformation and upgrade by leveraging the strategic restructuring with Overseas Chinese Town, focusing on product innovation and marketing[17]. - The company’s subsidiaries, Yunnan Expo Xingyun Real Estate Co., Ltd. and Jiangnan Garden Co., Ltd., contributed to the increase in operating revenue and profit total compared to the previous year[17]. - The strategic cooperation framework agreement was signed with the Yunnan Provincial State-owned Assets Supervision and Administration Commission and the Overseas Chinese Town Group to introduce capital into the company[19]. - Following the capital increase agreement, the Overseas Chinese Town (Yunnan) Investment Co., Ltd. will hold 51% of the shares in Yunnan World Expo Tourism Holding Group Co., Ltd., becoming its controlling shareholder[19]. - The actual controller of the company will change from the Yunnan Provincial State-owned Assets Supervision and Administration Commission to the State-owned Assets Supervision and Administration Commission of the State Council[19]. - The capital increase and share expansion agreement has been approved by relevant authorities and is currently being processed[20]. Future Outlook - The company expects a net profit attributable to shareholders for the first half of 2017 to be between 5 million and 20 million yuan, representing a decrease of 83.88% to 35.52% compared to the same period last year[22]. - The decrease in net profit is attributed to the completion of several major projects in the previous year, which resulted in higher revenue and profit during that period[22]. Compliance and Commitments - There were no overdue commitments by the actual controller, shareholders, or related parties during the reporting period[21].