XI'AN TOURISM(000610)2020-04-14 16:00Financial Performance - The company's operating revenue for 2019 was ¥863,920,273.41, a decrease of 2.48% compared to ¥885,848,812.31 in 2018[17]. - The net profit attributable to shareholders of the listed company was a loss of ¥30,202,176.71, representing a decline of 131.37% from a profit of ¥96,271,013.63 in 2018[17]. - The basic and diluted earnings per share were both -¥0.1276, a decrease of 131.38% from ¥0.4066 in 2018[17]. - The company reported a total of ¥16,498,827.79 in non-recurring gains and losses for 2019, compared to ¥125,499,999.38 in 2018[24]. - The company experienced a significant loss in the fourth quarter, with a net profit attributable to shareholders of -¥25,658,880.88[22]. - The company's net profit for the period was -32.31 million yuan, a decrease of 118.73 million yuan or 137.39% year-on-year, with the net profit attributable to the parent company being -30.20 million yuan, down 126.47 million yuan or 131.37%[38]. - The company reported a significant decrease in investment income, totaling 16.83 million yuan, down 91.09% year-on-year, primarily due to the previous year's transfer of equity in a subsidiary[37]. Assets and Liabilities - Total assets at the end of 2019 were ¥1,239,467,351.81, an increase of 2.56% from ¥1,208,563,062.72 at the end of 2018[17]. - The net assets attributable to shareholders of the listed company decreased by 1.89% to ¥853,922,527.40 from ¥870,370,784.99 in 2018[17]. - Cash and cash equivalents at the end of 2019 were CNY 362.82 million, representing 29.27% of total assets, down from 39.63% at the beginning of the year[57]. - The total amount of raised funds was CNY 340.41 million, with CNY 310 million allocated for the reconstruction of Victory Hotel and CNY 30.41 million for working capital[62]. - The total current liabilities rose to CNY 316,476,145.61, compared to CNY 283,815,966.69 in 2018, reflecting an increase of about 11.5%[199]. - The company's total liabilities reached CNY 324,870,571.43, up from CNY 294,413,725.99 in the previous year, indicating an increase of about 10.3%[199]. Cash Flow - The net cash flow from operating activities improved by 33.11%, reaching a negative ¥41,208,320.71 compared to a negative ¥61,609,882.07 in 2018[17]. - Cash inflow from operating activities increased by 27.24% to ¥917,847,347.55, primarily due to higher cash received from sales[52]. - Cash outflow from operating activities rose by 22.49% to ¥959,055,668.26, mainly due to increased cash payments for goods and services[52]. - The total cash and cash equivalents decreased by ¥123,500,833.08, a decline of 150.82% compared to the previous year[51]. Business Operations - The company’s main business scope includes hotel management, catering services, tourism product development and sales, and real estate development[15]. - The company is actively expanding its traditional business, with the hotel sector implementing an upgrade plan for the Liberation Hotel and launching three new boutique homestays[28]. - The company is focusing on enhancing its travel agency services, with efforts to improve product quality and expand its service network across the province[35]. - The company established a new retail business department, generating additional revenue of 30.33 million yuan during the year[27]. - The company is advancing major projects, with the Victory Hotel project nearing completion and 90% of the main equipment installation finished[27]. Corporate Governance - The company’s financial report is guaranteed to be true, accurate, and complete by the board of directors and senior management[3]. - The company has a commitment to disclose information through designated media such as Securities Times and China Securities Journal[14]. - The board of directors and supervisory board operate independently from the controlling shareholder, ensuring autonomous business operations[160]. - The company has established a sound internal control system to enhance management levels and risk prevention capabilities[159]. - The company maintained a governance structure that complies with relevant laws and regulations, ensuring effective operation and protection of investor interests[159]. Shareholder Information - The company’s stock is listed on the Shenzhen Stock Exchange under the code 000610[12]. - The largest shareholder, Xi'an Tourism Group Co., Ltd., holds 27.29% of the shares, totaling 64,602,145 shares[130]. - The company has 52,620 total common shareholders at the end of the reporting period[130]. - The company did not issue any new securities during the reporting period[126]. - The company has not undergone any changes in fundraising projects during the reporting period[66]. Management and Personnel - The total number of employees in the company is 691, with 432 in the parent company and 259 in major subsidiaries[154]. - The company has a total of 14 current board members and supervisors, with varying levels of remuneration[153]. - The company has maintained a stable shareholding structure among its senior management, with no significant changes in shareholdings reported during the period[145]. - The company experienced a change in management with the departure of several key personnel, including independent directors and vice presidents, due to term completion and personal reasons[146]. Social Responsibility - The company has developed a strategy for social responsibility, emphasizing charitable activities and community support[115]. - The company has engaged in targeted poverty alleviation efforts in Yuchuan Village and Zhangnan Village, focusing on agricultural development and education support[115]. - The company has invested in various agricultural industries, including walnut and pomegranate cultivation, as part of its poverty alleviation strategy[116].