中青旅(600138) - 2017 Q1 - 季度财报

Financial Performance - In Q1 2017, the company achieved operating revenue of RMB 2.04 billion, a decrease of 14.04% year-on-year[11] - The net profit attributable to shareholders was RMB 86.66 million, an increase of 9.54% compared to the same period last year[11] - The net profit after deducting non-recurring gains and losses increased by 18.42% year-on-year, reaching RMB 89.67 million[11] - Total operating revenue for Q1 2017 was CNY 2,041,538,454.83, a decrease of 14.0% compared to CNY 2,374,858,204.68 in the same period last year[26] - Net profit for Q1 2017 reached CNY 118,491,829.07, representing an increase of 5.5% from CNY 112,566,414.45 in Q1 2016[27] - The net profit attributable to shareholders of the parent company was CNY 86,656,589.55, up 9.8% from CNY 79,109,001.83 in the previous year[27] - Basic earnings per share for Q1 2017 were CNY 0.1197, compared to CNY 0.1093 in Q1 2016, reflecting a growth of 3.6%[28] Assets and Liabilities - Total assets at the end of the reporting period were RMB 11.03 billion, up 0.73% from the end of the previous year[7] - The company's total assets increased from ¥10,949,447,939.17 to ¥11,029,688,226.84, showing a growth of about 0.7%[21] - Total liabilities decreased from ¥4,240,172,570.69 to ¥4,201,532,601.08, a reduction of approximately 0.9%[21] - Total liabilities for Q1 2017 were CNY 1,235,251,461.46, down from CNY 1,334,946,224.32 year-over-year[25] - The total equity of the company increased to CNY 3,005,157,765.22, compared to CNY 2,990,887,216.80 in the same period last year[25] Cash Flow - The company’s cash flow from operating activities was RMB 1.14 million, a significant decrease of 95.08% compared to the previous year[7] - The net cash flow from operating activities decreased due to increased payments for employee salaries and taxes compared to the same period last year[18] - Cash inflows from operating activities amounted to ¥2,355,271,743.39, an increase of 7.7% from ¥2,187,660,073.45 in the same period last year[31] - Cash outflows from operating activities totaled ¥2,354,127,680.06, up from ¥2,164,384,944.58, resulting in a net cash flow from operating activities of ¥1,144,063.33, down from ¥23,275,128.87[32] - The net cash flow from investing activities was -¥404,159,169.07, compared to -¥133,018,155.17 in the previous year, indicating increased investment expenditures[32] - Cash inflows from financing activities were ¥619,500,000.00, significantly higher than ¥306,632,567.84 in the previous period[33] - The net cash flow from financing activities was ¥336,107,834.70, compared to ¥9,795,669.02 in the same period last year, reflecting improved financing conditions[33] - The ending cash and cash equivalents balance was ¥836,411,942.71, an increase from ¥720,221,555.95 at the end of the previous period[33] Operational Highlights - The company launched new products such as health-themed experience activities and premium study tours in Q1 2017[11] - The revenue from the Wuzhen scenic area increased by 9.77% year-on-year, while the Gubei Water Town saw a 105.61% increase in visitor numbers[12] - The company established a fund management company and plans to set up a tourism industry fund to accelerate business expansion[12] - The company's subsidiary, Zhongqing Travel Hotel, reported a revenue increase of 15.96% year-on-year[12] - The company plans to continue focusing on market expansion and new product development to drive future growth[26] Changes in Financial Metrics - The company's cash and cash equivalents decreased from ¥913,308,782.70 at the beginning of the year to ¥837,722,078.41 by the end of the reporting period, a decline of approximately 8.2%[19] - Accounts receivable increased from ¥1,557,028,523.48 to ¥1,524,417,456.13, indicating a decrease of about 2.1%[19] - The total current assets rose from ¥3,854,972,665.26 to ¥3,927,730,985.88, reflecting an increase of approximately 1.9%[19] - Short-term borrowings increased significantly from ¥872,169,890.51 to ¥1,118,364,275.82, marking a rise of about 28.2%[20] - The company's non-current assets totaled ¥7,101,957,240.96, slightly up from ¥7,094,475,273.91, indicating a marginal increase[20] - The company's retained earnings rose from ¥2,487,785,803.47 to ¥2,574,442,393.02, an increase of approximately 3.5%[21] Other Financial Information - The total comprehensive income for the first quarter of 2017 was ¥14,270,548.42, a decrease of ¥1,203,373.87 compared to the previous period[29] - The company reported a decrease in sales expenses to CNY 235,042,163.10 from CNY 249,221,838.29, a reduction of 5.7%[27] - The company paid ¥248,141,110.37 in employee compensation, up from ¥164,674,673.98 in the previous year, indicating a focus on workforce investment[32] - The company experienced a foreign exchange loss of -¥81,008.61, compared to a gain of ¥646,327.13 in the previous period, affecting overall cash flow[33]