XI'AN TOURISM(000610)2023-04-17 16:00Financial Performance - The company reported a total revenue of 1.2 billion RMB for the year 2022, representing a year-on-year increase of 15%[14]. - The net profit attributable to shareholders was 150 million RMB, an increase of 10% compared to the previous year[14]. - The company's operating revenue for 2022 was ¥395,994,842.73, a decrease of 29.37% compared to ¥560,654,445.18 in 2021[22]. - The net profit attributable to shareholders was -¥167,466,025.00 in 2022, representing a decline of 129.19% from -¥73,068,303.79 in 2021[22]. - The net cash flow from operating activities was -¥209,119,143.99, which is an 80.99% increase in losses compared to -¥115,542,663.95 in 2021[22]. - Basic earnings per share were -¥0.7074, a decrease of 129.23% from -¥0.3086 in the previous year[22]. - The overall operating income for the year was ¥395.99 million, a decrease of 29.37% compared to the previous year, primarily due to restrictions on travel and hospitality operations[37]. - The company reported a net profit loss across several subsidiaries, including a loss of CNY 1,567,339.69 from Xi'an Xili New Guanghua Hotel Co., Ltd.[72]. - The company reported a net loss of ¥33,575,923.20 for the year, compared to a profit of ¥133,890,101.80 in the previous year[193]. - Net profit for the period was a loss of CNY 182.38 million, a decrease of CNY 101.79 million or 126.32% year-on-year, with a loss attributable to shareholders of the parent company of CNY 167.47 million, a decrease of CNY 94.40 million or 129.19%[39]. Revenue Breakdown - The revenue from non-main business activities was ¥18,136,940.02, compared to ¥46,244,156.11 in 2021[22]. - The revenue after deducting non-main business activities was ¥377,857,902.71, down from ¥514,410,289.07 in 2021[22]. - The travel agency segment generated revenue of ¥86.19 million in 2022, a decrease of 40.40% compared to the previous year, reflecting the impact of the pandemic on travel activities[35]. - The hotel segment achieved revenue of ¥64.27 million, down 16.34% from the previous year, with occupancy rates below expectations due to reduced business travel[36]. - The commerce segment reported revenue of ¥245.54 million, a decline of 27.62% year-on-year, indicating challenges in the market[37]. - Revenue from the hotel industry was CNY 64.27 million, accounting for 16.22% of total revenue, down 16.34% year-on-year[40]. - Revenue from the travel agency business was CNY 86.19 million, accounting for 21.77% of total revenue, down 40.40% year-on-year[40]. - Revenue from the commercial trade sector was CNY 245.54 million, accounting for 62.01% of total revenue, down 27.62% year-on-year[40]. Market Strategy and Outlook - The company plans to expand its market presence by opening 5 new locations in key tourist areas in 2023[14]. - The company has outlined a future outlook with a revenue growth target of 12% for 2023[14]. - The company is exploring potential mergers and acquisitions to enhance its service offerings and market share[14]. - The company aims to enhance customer experience through the introduction of a new mobile app in 2023[14]. - The company is focusing on integrating tourism resources and developing diversified cultural tourism projects to enhance its market position[33]. - The company plans to innovate and strengthen its tourism product design and services, focusing on integrating cultural and tourism elements[79]. - The company is focusing on developing a comprehensive "education + cultural tourism" model to reshape the education and training industry[80]. Management and Governance - The company experienced a change in its board of directors, with several members resigning due to various reasons, including term completion and job changes[91]. - The current chairman, Wang Wei, has been in position since December 23, 2019, and will serve until December 22, 2025[94]. - The company appointed new executives, including Zhuang Ying as the general manager and Liu Wenzhong as the financial director, both effective from May 9, 2022[92]. - The company has seen a significant turnover in its management team, with multiple resignations and new appointments in 2022[92]. - The company’s management team is composed of experienced professionals with diverse backgrounds in finance, law, and tourism[99]. - The total pre-tax remuneration for directors, supervisors, and senior management during the reporting period amounted to 29.43 million CNY[101]. - The company’s governance structure includes a compensation and assessment committee that evaluates the remuneration based on performance[100]. - The board of directors has been actively involved in overseeing the company’s strategic direction and performance metrics[103]. Internal Controls and Compliance - The company has implemented a strict internal control system, enhancing operational efficiency and maintaining low financial and operational risks[117]. - The company confirmed that there were no significant internal control deficiencies discovered during the reporting period[118]. - The company maintained effective internal controls as of December 31, 2022, according to the internal control audit report[122]. - The total assets included in the internal control evaluation accounted for 100% of the company's consolidated financial statement assets[120]. - The total revenue included in the internal control evaluation accounted for 100% of the company's consolidated financial statement revenue[120]. - The audit opinion for the financial statements was a standard unqualified opinion, issued on April 17, 2023[179]. - The audit was conducted by Sigma Accounting Firm, with registered accountants Li Bo and Zhang Wei responsible for the audit[179]. Shareholder Information - The company has 84,824 shareholders as of the report date, with the largest shareholder holding 26.57% of the shares[166]. - The largest shareholder, Xi'an Tourism Group Co., Ltd., holds 62,902,145 shares, representing 30.96% of the total shares[169]. - The second largest shareholder, Panjing Equity Investment Fund Management (Shanghai) Co., Ltd., holds 11,850,028 shares, accounting for 5.01%[167]. - The company has not undergone any changes in its controlling shareholder during the reporting period[169]. - The actual controller, Xi'an Qujiang New District Management Committee, indirectly holds 177,680,388 shares of Xi'an Catering Co., Ltd., representing 30.96%[170]. Financial Position - Total assets at the end of 2022 were ¥2,030,607,111.41, down 8.37% from ¥2,216,158,784.58 at the end of 2021[22]. - The net assets attributable to shareholders decreased by 20.46% to ¥650,844,443.06 from ¥818,310,468.06 in 2021[22]. - The company's equity attributable to shareholders dropped from ¥818,310,468.06 to ¥650,844,443.06, a decline of about 20.5%[193]. - Cash and cash equivalents decreased from ¥466,100,531.38 to ¥283,851,640.55, a decline of approximately 39.1%[191]. - Accounts receivable increased significantly from ¥27,512,329.53 to ¥71,597,268.59, an increase of about 160.1%[191]. - Inventory increased from ¥247,518,874.72 to ¥280,441,302.09, representing an increase of approximately 13.3%[191].