CTCG(SH:600358)2014-04-23 16:00Financial Performance - In 2013, the company achieved a net profit attributable to shareholders of CNY 10,461,728.18, compared to a net loss of CNY 56,059,078.22 in 2012, marking a significant recovery[4]. - The company's operating revenue for 2013 was CNY 118,568,746.96, a decrease of 21.16% from CNY 150,400,718.16 in 2012[20]. - The net cash flow from operating activities was CNY 5,940,538.48, an improvement from a negative cash flow of CNY -34,369,729.03 in 2012[20]. - The company's net assets attributable to shareholders increased by 2.33% to CNY 458,607,801.49 at the end of 2013, compared to CNY 448,146,073.31 at the end of 2012[20]. - Basic earnings per share for 2013 were CNY 0.02, recovering from a loss of CNY -0.13 per share in 2012[20]. - The weighted average return on equity was 2.31% in 2013, a significant improvement from -11.79% in 2012[20]. - The company reported a negative net profit of CNY -118,737,359.07 after deducting non-recurring gains and losses, compared to CNY -81,663,904.35 in 2012[20]. - In 2013, the company achieved a main business revenue of 119 million RMB and a net profit of 10.46 million RMB, successfully turning a profit compared to the previous year[24]. - The company received investment income of 151.4 million RMB from the sale of equity stakes in three subsidiaries, which significantly contributed to its profitability[24]. Asset Management - The total assets of the company decreased by 9.14% to CNY 1,054,141,453.62 at the end of 2013, down from CNY 1,160,209,051.82 in 2012[20]. - Cash and cash equivalents increased by 315.09% to ¥134,556,150.91, primarily due to equity sales and the recovery of entrusted loans[32]. - Inventory decreased by 44.77% to ¥3,194,871.60, attributed to reduced stockpiling[33]. - Short-term borrowings decreased by 39.98% to ¥120,047,500.00, mainly due to loan repayments[33]. - The total investment in equity accounted for ¥103,528,338.16, with a significant decrease of ¥25,276,710.44 from the previous period[36]. Operational Efficiency - The operating costs also decreased by 17.19%, totaling 19.80 million RMB, indicating improved cost management[28]. - The company successfully reduced energy consumption across its operations, with water and electricity usage showing a downward trend compared to the previous year[25]. - The company established a pricing system to monitor supply costs and enhance cost control measures[25]. - The company is implementing measures to reduce management costs by optimizing personnel and organizational structure[47]. Marketing and Business Development - The company expanded its marketing efforts by participating in tourism promotion events and leveraging social media platforms, which helped attract loyal customers[24]. - The company engaged in multiple project assessments across various regions, including Qingdao and Anhui, to explore new business opportunities[27]. - The company is exploring new business opportunities in online and offline tourism services, leveraging its membership club management platform[48]. - The company intends to establish a hotel management company to expand its brand and management output services in the hot spring industry[45]. Governance and Compliance - The company established a rectification working group led by General Manager Jin Yan in response to the regulatory letter from the Jiangsu Securities Regulatory Bureau, ensuring compliance with relevant laws and regulations[92]. - The company strictly adhered to the sensitive information management system, with no insider trading incidents reported among directors, supervisors, and senior management[93]. - The board of directors approved revisions to the disclosure error responsibility system to enhance accountability and compliance[109]. - The company has not reported any overdue guarantees[60]. Shareholder Information - The total number of shareholders as of the end of the reporting period is 43,164, compared to 40,583 five trading days prior[72]. - The largest shareholder, China National Travel Service Group Corporation, holds 17.03% of shares, totaling 73,556,106 shares[72]. - The company has not proposed any cash dividend distribution plan for 2013, despite having positive net profit for the parent company[54]. Financial Reporting and Audit - The company received a standard unqualified audit report from Lixin Accounting Firm for the annual financial report[110]. - The internal control system was continuously improved, with no significant deficiencies identified in the internal control evaluation as of December 31, 2013[103]. - The company revised its accounting policy for investment properties back to the cost model, which will not materially affect the financial reports for 2012 and 2013[108]. Employee Management - The company employed a total of 621 staff, with 44 in the parent company and 577 in major subsidiaries[84]. - The professional composition of employees includes 347 production personnel, 47 sales personnel, 69 technical personnel, 50 financial personnel, and 108 administrative personnel[85]. - The company has implemented a training program focusing on new employee onboarding, skills training, and external training initiatives[86]. Financial Health - The company's total liabilities decreased from CNY 709,132,479.18 to CNY 592,414,999.63, reflecting a reduction of about 16.5%[119]. - The total equity attributable to shareholders increased from CNY 448,146,073.31 to CNY 458,607,801.49, showing a growth of about 2.9%[119]. - The company reported a net profit of -63,110,274.38 yuan in 2011 and -56,059,078.22 yuan in 2012, with no profit distribution during these years[53].