LIJIANG TOURISM(002033)2024-03-11 16:00Financial Performance - The company's operating revenue for 2023 reached ¥798.90 million, a significant increase of 152.37% compared to ¥316.56 million in 2022[21]. - Net profit attributable to shareholders surged to ¥227.41 million, marking a dramatic increase of 5,971.91% from ¥3.68 million in 2022[21]. - The net profit after deducting non-recurring gains and losses was ¥235.23 million, up 1,251.42% from a loss of ¥20.49 million in 2022[21]. - The net cash flow from operating activities was ¥405.41 million, representing a 247.70% increase from ¥116.60 million in 2022[21]. - Basic earnings per share rose to ¥0.4139, a staggering increase of 5,986.76% from ¥0.0067 in 2022[21]. - Total assets at the end of 2023 were ¥2.92 billion, reflecting a growth of 6.33% from ¥2.75 billion at the end of 2022[21]. - The net assets attributable to shareholders increased to ¥2.51 billion, a rise of 3.72% from ¥2.42 billion in 2022[21]. - The company reported a quarterly operating revenue of ¥249.43 million in Q3 2023, with a net profit of ¥90.76 million for the same period[26]. Dividend Distribution - The company plans to distribute a cash dividend of 3.50 RMB per 10 shares to all shareholders, based on a total of 549,490,711 shares[5]. - The profit distribution plan for 2022 was approved, with a cash dividend of 2.50 yuan per 10 shares, totaling 137,372,677.75 yuan[133]. - The total amount of cash dividends distributed is 192,321,748.85 CNY, which accounts for 100% of the distributable profit[135]. - The cash dividend per 10 shares is set at 3.50 CNY (including tax), with no bonus shares issued[135]. - The company plans to maintain a minimum cash dividend ratio of 40% in future profit distributions[135]. Corporate Governance - The company emphasizes the importance of accurate and complete financial reporting, with all board members present for the meeting[5]. - The board of directors consists of 11 members, including 4 independent directors, ensuring a diverse and professional governance structure[94]. - The company has established a comprehensive governance framework, including specialized committees for nomination, compensation, audit, and strategy to enhance decision-making efficiency[95]. - The company held its annual general meeting within six months after the end of the previous fiscal year, adhering to legal requirements for corporate governance[93]. - The management team includes one general manager, four deputy general managers, and one financial director, ensuring effective operational leadership[96]. - The company emphasizes the protection of shareholder rights and the legal interests of employees through its governance structure[94]. - The company has implemented a series of internal control policies to monitor compliance and operational integrity[95]. - The company’s governance practices align with the regulations set forth by the China Securities Regulatory Commission, indicating no significant discrepancies[98]. Risk Management - Future plans and development strategies are outlined, but they do not constitute a commitment to investors, highlighting the need for caution regarding investment risks[5]. - The report includes a section on risk analysis related to the company's future development outlook[5]. - The company is focusing on risk management strategies to address safety risks associated with cable cars and increasing market competition[86][87]. Market and Operational Strategy - The company aims to expand its business in the mass sightseeing, leisure vacation, and ecological specialty tourism markets, focusing on internationalization, high-end, and distinctive development[84]. - The company is enhancing its sightseeing tourism products through various projects around the Yulong Snow Mountain, including cable cars and large-scale performances[85]. - The company is developing high-end customized tourism products in the Shangri-La ecological tourism circle and the Greater Yunnan tourism loop, meeting the demand for personalized travel experiences[85]. - The company is integrating resources and market opportunities to enhance product offerings and attract investment in key areas such as Yulong Snow Mountain and Lugu Lake[89]. - The company is actively pursuing project investments and partnerships to capitalize on market opportunities and enhance operational efficiency[88]. Environmental and Social Responsibility - The company has committed to environmental protection and energy consumption management, continuously improving its management level to reduce pollution and fulfill its social responsibility[154]. - The company has implemented advanced vacuum toilets in the Glacier Park, which use less than 5% of the water compared to traditional toilets, significantly reducing wastewater generation[154]. - The company has established multiple environmental protection facilities, including eco-friendly toilets and dedicated routes, to ensure sustainable development of the scenic area[154]. - In 2023, the company actively participated in poverty alleviation and rural revitalization efforts, implementing a plan to support local families and enhance community welfare[156]. - The company has developed a tailored support plan for poverty-stricken households, ensuring targeted assistance and monitoring[157]. Investment and Financial Management - The company has engaged in bank wealth management products totaling 23,000 million RMB, with an outstanding balance of 13,000 million RMB[189]. - The company has not reported any significant changes in the scope of consolidated financial statements compared to the previous year[167]. - The company has ensured that related party transactions are conducted fairly and transparently, adhering to market principles[161]. - The company has maintained a stable shareholding structure with no changes in the number of shares issued[195]. Employee Management and Development - The total number of employees at the end of the reporting period is 1,593, with 269 in the parent company and 1,324 in major subsidiaries[129]. - The company conducted 512 training sessions in 2023, with a total of 9,440 participants[132]. - The company maintains a competitive salary structure based on local labor market levels to attract and retain talent[131]. - The management team emphasized the importance of staff training and development to maintain high service standards in the competitive tourism market[110]. Future Outlook - The company plans to achieve an operating income of 829 million yuan and a net profit attributable to shareholders of 206 million yuan in 2024[89]. - Future guidance indicates a projected revenue growth of approximately 10% for the next fiscal year, driven by increased tourist arrivals and enhanced service offerings[110]. - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 20%[116].