桂林旅游(000978) - 2024 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2024 was ¥146,059,579.44, a decrease of 14.41% compared to the same period last year[3] - Net profit attributable to shareholders for Q3 2024 was ¥28,598,593.92, down 19.81% year-on-year[3] - The net profit excluding non-recurring gains and losses for Q3 2024 was ¥20,905,767.25, a decline of 38.15% compared to the previous year[3] - The basic earnings per share for Q3 2024 was ¥0.061, reflecting a decrease of 19.74% year-on-year[3] - For the first nine months of 2024, the net profit attributable to shareholders of the parent company decreased by 66.25% to CNY 12,290.5 million compared to CNY 36,418.5 million in the same period of 2023[9] - Operating revenue for the first nine months of 2024 was CNY 342.11 million, down 6.67% from the previous year[9] - Net profit for the first nine months of 2024 was CNY 3,102,308.42, down from CNY 26,942,894.88 in the previous year, indicating a significant decline[19] - The company reported a total profit of CNY 9,240,182.91, compared to CNY 35,161,844.91 in the same period last year, showing a decrease of approximately 73.7%[19] - Earnings per share for the first nine months were CNY 0.026, down from CNY 0.078 in the previous year, reflecting a decline of 66.67%[19] Assets and Liabilities - Total assets as of September 30, 2024, amounted to ¥2,367,546,896.71, representing a 1.07% increase from the end of the previous year[3] - The total liabilities of the company as of September 30, 2024, were CNY 1,083,388,296.85, an increase from CNY 1,058,729,029.89 at the beginning of the year[18] - The company's total equity as of September 30, 2024, was CNY 1,284,158,599.86, slightly up from CNY 1,283,644,662.54 at the beginning of the year[18] - The company reported a significant increase in contract liabilities, which rose by 84.68% to ¥990.66 million as of September 30, 2024[8] - The company reported a significant increase in contract liabilities, rising to CNY 9,906,633.08 from CNY 5,364,158.59, indicating growth in customer commitments[18] Cash Flow - The cash flow from operating activities for the year-to-date period was ¥61,642,352.27, down 36.80% compared to the same period last year[3] - The net cash flow from operating activities for the first nine months of 2024 was CNY 61.64 million, a decline of 36.80% compared to CNY 97.53 million in 2023[10] - Operating cash inflow for the period was CNY 392,620,040.15, a slight decrease of 0.15% compared to CNY 395,209,650.75 in the previous period[20] - Operating cash outflow increased to CNY 330,977,687.88, up 11.16% from CNY 297,680,321.97 in the previous period[20] - Net cash flow from operating activities decreased to CNY 61,642,352.27, down 36.77% from CNY 97,529,328.78 in the previous period[20] - Cash inflow from investment activities was CNY 17,286,272.28, compared to CNY 2,557,008.00 in the previous period[20] - Net cash flow from investment activities was negative at CNY -27,143,842.30, worsening from CNY -20,259,097.46 in the previous period[20] - Cash inflow from financing activities decreased to CNY 167,470,000.00, down 56.4% from CNY 384,300,000.00 in the previous period[20] - Net cash flow from financing activities was CNY -12,871,434.36, compared to CNY -10,516,830.39 in the previous period[20] - The ending cash and cash equivalents balance was CNY 82,035,295.51, down 22.0% from CNY 105,256,344.07 in the previous period[20] Government Subsidies - The company received government subsidies totaling ¥2,555,419.74 related to various tourism infrastructure projects[7] - The company also received government subsidies of CNY 3.03 million related to the "Autumn and Winter Tourism in Guangxi" accommodation discount program[9] Strategic Changes - The company appointed Mr. Wen Zheng as the president and vice chairman, indicating a strategic leadership change[12] - The company plans to focus on market expansion and new product development to enhance revenue streams in the upcoming quarters[19] Bankruptcy and Asset Management - The company has completed the bankruptcy liquidation process for Guilin Danxia Hot Spring Tourism Co., Ltd., with total recoverable claims amounting to CNY 4,415.34 million[14] - The company has been actively managing its assets, including the sale of assets from the bankrupt subsidiary through judicial auction platforms[13] - The company received CNY 445.43 million from the second distribution of bankruptcy assets related to Guilin Danxia Hot Spring Tourism Co., Ltd., which positively impacted the net profit attributable to shareholders by the same amount[15] Accounting and Audit - The company did not undergo an audit for the third quarter report[21] - The company will implement new accounting standards starting from 2024[21]