中青旅(600138) - 2024 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2024 was CNY 2,697,113,044.53, representing a year-on-year increase of 5.51%[2] - The net profit attributable to shareholders for Q3 2024 was CNY 80,488,174.86, a decrease of 19.29% compared to the same period last year[2] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 78,829,650.13, down 15.56% year-on-year[2] - The basic earnings per share for Q3 2024 was CNY 0.1112, down 19.29% year-on-year[2] - The weighted average return on equity for Q3 2024 was 1.28%, a decrease of 0.34 percentage points compared to the same period last year[2] - In the first three quarters of 2024, the company achieved operating revenue of 7.048 billion RMB, a year-on-year increase of 4.65%[10] - The net profit attributable to shareholders for the same period was 153 million RMB, a year-on-year decrease of 25.77%[10] - Net profit for the first three quarters of 2024 was CNY 240,711,635.31, a decrease of 22.49% from CNY 310,516,277.34 in 2023[21] - Basic earnings per share for the first three quarters of 2024 were CNY 0.2115, down from CNY 0.2849 in the same period last year[21] - The company reported a net profit of approximately 3.63 billion yuan as of September 30, 2024, compared to 3.54 billion yuan at the end of 2023[19] Cash Flow and Assets - The net cash flow from operating activities for Q3 2024 was CNY 130,238,693.11, a significant decrease of 79.42% compared to the previous year[2] - The decrease in net cash flow from operating activities was primarily due to the payment cycle of Chuangge Technology and early procurement of resources in the travel agency business[6] - Cash flow from operating activities generated a net amount of CNY 327,487,020.43, a significant decrease from CNY 631,924,465.71 in the previous year[22] - The company experienced a net cash outflow from operating activities of CNY -93,783,589.85 in the first nine months of 2024, compared to CNY -39,138,703.38 in the same period of 2023[28] - The net cash flow from investment activities was -CNY 94,155,891.94, an improvement compared to -CNY 262,130,066.59 in the previous year[23] - The company reported a net cash outflow from financing activities of -CNY 304,790,757.08, an improvement from -CNY 444,800,642.30 in the previous year[23] - The cash inflow from financing activities totaled CNY 3,791,680,000.00, compared to CNY 3,759,205,000.00 in the same period last year, reflecting a slight increase of about 0.9%[23] - The total current assets decreased to CNY 1,013,824,111.97 from CNY 1,087,399,277.82, reflecting a decline of about 6.8%[25] - The cash and cash equivalents at the end of the period amounted to CNY 1,150,956,080.29, down from CNY 1,107,329,435.41, indicating a decrease of approximately 6.5%[23] Revenue and Visitor Statistics - The Wuzhen scenic area received 5.9934 million visitors, a year-on-year decrease of 2.68%[12] - The revenue from the Wuzhen scenic area was 1.325 billion RMB, a year-on-year decrease of 4.36%[12] - The Gubei Water Town scenic area received 1.0025 million visitors, a year-on-year decrease of 10.55%[13] - The revenue from Gubei Water Town was 429 million RMB, a year-on-year decrease of 21.38%[13] - The integrated marketing business achieved operating revenue of 1.323 billion RMB, a year-on-year decrease of 5.46%[14] - The hotel segment reported revenue of 234 million yuan in the first three quarters of 2024, a decrease of 26.61% year-on-year due to the closure of underperforming locations[16] Strategic Focus and Market Trends - The company is focusing on enhancing service quality and optimizing cost control to improve financial performance[10] - The tourism market is showing signs of recovery with a shift towards diversified and cautious consumer behavior[10] - The travel agency business achieved significant revenue growth in the first three quarters of 2024, driven by product innovation and market expansion[15] - The company continues to focus on product innovation and service upgrades to enhance customer satisfaction and market share[15] Liabilities and Financial Management - Current liabilities rose to approximately 7.236 billion yuan from 6.839 billion yuan, reflecting increased short-term borrowing[19] - Long-term borrowings increased to approximately 953.81 million yuan from 891.80 million yuan, indicating a strategy to leverage debt for growth[19] - The company's short-term borrowings increased significantly to CNY 477,847,680.54 from CNY 100,103,888.89, indicating a rise of approximately 376.5%[26] - The total liabilities decreased to CNY 1,802,092,182.48 from CNY 1,862,166,988.73, showing a reduction of about 3.2%[26] Other Financial Metrics - Non-recurring gains and losses for the current period amounted to CNY 1,658,524.73[5] - The company reported a decrease in tax expenses to CNY 113,291,109.64 from CNY 145,608,694.50 in the previous year[21] - The company’s financial expenses decreased to CNY 161,342,892.62 from CNY 196,197,759.79 in the same period last year[20] - The financial expenses decreased to CNY 16,353,839.10 in Q3 2024 from CNY 18,192,627.83 in Q3 2023, reflecting a decline of about 10.1%[27] - The company recorded investment income of CNY 74,242,464.33 in Q3 2024, down from CNY 138,339,239.90 in Q3 2023, representing a decrease of approximately 46.3%[27] - The company’s total comprehensive income for Q3 2024 was CNY 46,189,162.66, compared to CNY 100,498,885.43 in Q3 2023, indicating a decline of about 54.0%[27]