国旅联合(600358) - 2017 Q1 - 季度财报

Important Notice This chapter confirms the board, supervisory board, and senior management's assurance of the quarterly report's truthfulness, accuracy, and completeness, noting it is unaudited - The company's board of directors, supervisory board, and senior management guarantee the truthfulness, accuracy, and completeness of the quarterly report, free from false statements, misleading representations, or major omissions[4] - This company's first-quarter report is unaudited[4] Company Profile This chapter provides an overview of the company's key financial data and shareholder structure at the end of the reporting period, detailing asset, liability, and profitability changes, and top ten shareholder information Key Financial Data At period-end, total assets and net assets attributable to shareholders slightly declined; operating cash flow was negative, yet net loss significantly narrowed, improving EPS and weighted average ROE Key Financial Data for Q1 2017 | Indicator | Current Period End/Year-to-Date (RMB) | Prior Year End/Prior Year-to-Date (RMB) | Change (%) | | :--- | :--- | :--- | :--- | | Balance Sheet Items | | | | | Total Assets | 909,311,028.98 | 913,986,900.06 | -0.51 | | Net Assets Attributable to Shareholders of Listed Company | 503,357,013.36 | 509,534,626.66 | -1.21 | | Income Statement Items | | | | | Operating Revenue | 30,998,637.15 | 31,428,850.22 | -1.37 | | Net Profit Attributable to Shareholders of Listed Company | -5,936,126.62 | -11,566,268.97 | N/A (Loss narrowed) | | Net Profit Attributable to Shareholders of Listed Company (Excluding Non-Recurring Items) | -5,951,179.36 | -10,807,361.35 | N/A (Loss narrowed) | | Weighted Average Return on Net Assets (%) | -1.17 | -3.78 | Increased by 2.61 percentage points | | Basic Earnings Per Share (RMB/share) | -0.012 | -0.023 | N/A (Loss narrowed) | | Diluted Earnings Per Share (RMB/share) | -0.012 | -0.023 | N/A (Loss narrowed) | | Cash Flow Statement Items | | | | | Net Cash Flow from Operating Activities | -9,254,825.56 | -9,182,639.63 | 不适用 | | Total Non-Recurring Gains/Losses | 15,052.74 | | | Total Shareholders, Top Ten Shareholders, and Top Ten Non-Restricted Shareholders at Period-End At period-end, the company had 48,448 shareholders; Xiamen Contemporary Asset Management Co., Ltd. was the largest with 14.57% ownership, and along with two other entities, collectively held 29.01% as parties acting in concert - As of the end of the reporting period, the company had 48,448 shareholders[10] Top Ten Shareholders' Holdings | Shareholder Name (Full Name) | Shares Held at Period-End | Proportion (%) | Number of Restricted Shares Held | Pledge or Freeze Status (Share Status/Quantity) | Shareholder Nature | | :--- | :--- | :--- | :--- | :--- | :--- | | Xiamen Contemporary Asset Management Co., Ltd. | 73,556,106 | 14.57 | 0 | Pledged/73,525,110 | Domestic Non-State Legal Person | | Xiamen Contemporary Tourism Resources Development Co., Ltd. | 57,936,660 | 11.47 | 57,936,660 | None/0 | Domestic Non-State Legal Person | | Nanjing Jiangning State-Owned Assets Management Group Co., Ltd. | 23,880,388 | 4.73 | 0 | None/0 | State-Owned Legal Person | | Beijing Jinhuifengying Investment Center (Limited Partnership) | 15,000,000 | 2.97 | 15,000,000 | None/0 | Domestic Non-State Legal Person | | Hangzhou Zhijiang Development Corporation | 11,392,273 | 2.26 | 0 | None/0 | State-Owned Legal Person | | Huabao Trust Co., Ltd. - Tiangao Capital No. 17 Single Fund Trust | 8,581,187 | 1.70 | 0 | Unknown/0 | Other | | Huabao Trust Co., Ltd. - Tiangao Capital No. 16 Single Fund Trust | 8,303,271 | 1.64 | 0 | Unknown/0 | Other | | Shanghai Grand World (Group) Co., Ltd. | 6,284,685 | 1.24 | 0 | None/0 | State-Owned Legal Person | | Qiu Yigen | 4,862,214 | 0.96 | 0 | Unknown/0 | Domestic Natural Person | | Huabao Trust Co., Ltd. - Huihuang No. 1005 Single Fund Trust | 3,975,833 | 0.79 | 0 | Unknown/0 | Other | - Beijing Jinhuifengying Investment Center (Limited Partnership), Xiamen Contemporary Tourism Resources Development Co., Ltd., and Xiamen Contemporary Asset Management Co., Ltd. are parties acting in concert, collectively holding 29.01% of the company's total share capital[11] Total Preferred Shareholders, Top Ten Preferred Shareholders, and Top Ten Non-Restricted Preferred Shareholders at Period-End The company had no preferred shareholders at the end of the reporting period - The company had no preferred shareholders at the end of this reporting period[11] Significant Events This chapter details significant changes in key financial statement items and indicators, their underlying reasons, and reports on major asset restructuring progress and changes in the scope of consolidation Significant Changes and Reasons in Key Financial Statement Items and Indicators During the period, significant changes occurred across balance sheet, income statement, and cash flow items, including increased dividends receivable and inventory, decreased payables, higher operating costs and impairment losses, lower financial expenses, and notable shifts in cash flows from operations, investments, and financing Significant Changes and Reasons in Consolidated Balance Sheet Items | Item | Period-End Balance (RMB) | Year-Beginning Balance (RMB) | Change (%) | Explanation | | :--- | :--- | :--- | :--- | :--- | | Dividends Receivable | 577,313.10 | 0 | 100.00 | Accrual of declared but unpaid dividends from Junxin Guarantee in current period | | Inventories | 2,431,432.41 | 1,615,636.75 | 50.49 | Goods purchased in current period | | Accounts Payable | 6,526,642.89 | 9,744,782.25 | -33.02 | Payments to suppliers in current period | | Employee Compensation Payable | 1,752,335.71 | 2,712,381.93 | -35.39 | Decrease in part-time and intern employees in current period | | Interest Payable | 183,032.26 | 394,604.20 | -53.62 | Interest repaid in Q1 2017 | | Other Payables | 12,248,037.05 | 25,142,969.39 | -51.29 | Payment of intermediary and restructuring fees in current period | Significant Changes and Reasons in Consolidated Income Statement Items | Item | Current Period Amount (RMB) | Prior Period Amount (RMB) | Change (%) | Explanation | | :--- | :--- | :--- | :--- | :--- | | Operating Cost | 6,259,640.22 | 3,002,664.23 | 108.47 | Includes mobile value-added service costs in current period, none in prior year | | Financial Expenses | 3,250,330.63 | 6,092,522.31 | -46.65 | Decrease in loan principal in current period | | Asset Impairment Losses | 266,543.43 | 69,927.40 | 281.17 | Increased provision for other receivables due to longer aging in current period | | Investment Income | 577,313.10 | 318,128.78 | 81.47 | Increased declared dividends from Junxin Guarantee in current period | | Non-Operating Income | 15,330.77 | 63,324.38 | -75.79 | Disposal of vehicles in prior year | | Non-Operating Expenses | 278.03 | 822,232.00 | -99.97 | Payment of renovation penalty in prior year | | Income Tax Expense | 198,834.80 | 49,349.45 | 302.91 | Corporate income tax paid in current period | | Minority Interest | 121,569.09 | 408,969.06 | -70.27 | Change in scope of consolidation in current period | Significant Changes and Reasons in Consolidated Cash Flow Statement Items | Item | Current Period Amount (RMB) | Prior Period Amount (RMB) | Change (%) | Explanation | | :--- | :--- | :--- | :--- | :--- | | Cash Paid for Goods Purchased and Services Received | 14,600,402.18 | 4,790,523.45 | 204.78 | Payment of mobile value-added service costs in current period (none in prior year) and energy consumption expenses | | Cash Paid for Other Operating Activities | 16,734,134.93 | 24,410,889.33 | -31.45 | Prepayment for business in prior year | | Net Cash Received from Disposal of Fixed Assets, Intangible Assets, and Other Long-Term Assets | 0 | 60,851.20 | -100.00 | Disposal of vehicles in prior year | | Cash Received from Other Investing Activities | 8,280,000.00 | 0 | 100.00 | Recovery of investment principal and returns in current period | | Cash Paid for Acquisition of Fixed Assets, Intangible Assets, and Other Long-Term Assets | 108,746.42 | 6,789,842.33 | -98.40 | Payment of final installment for property acquisition in prior year | | Cash Paid for Investments | 0 | 18,000,000.00 | -100.00 | Payment for project investment in prior year | | Cash Received from Borrowings | 20,000,000.00 | 0 | 100.00 | New bank borrowings in current period | | Cash Received from Other Financing Activities | 0 | 379,999,998.60 | -100.00 | Capital inflow from private placement completion in prior year | | Cash Paid for Debt Repayment | 0 | 75,000,000.00 | -100.00 | Prior year repayment of bank borrowings | | Cash Paid for Dividends, Profit Distribution, or Interest Payments | 3,657,473.86 | 6,758,781.93 | -45.89 | Decrease in total loan principal in current period | | Cash Paid for Other Financing Activities | 0 | 6,848,871.66 | -100.00 | Intermediary fees related to private placement paid in prior year | Progress, Impact, and Solutions for Significant Events The company is progressing a major asset restructuring involving Beijing Xinxian Zhongshi Culture Communication Co., Ltd., which caused a stock suspension and resumption, with related proposals pending shareholder approval; two subsidiaries were also added to the consolidated scope - The company is planning a major asset restructuring, intending to acquire a portion of Beijing Xinxian Zhongshi Culture Communication Co., Ltd.'s equity and make capital contributions, which constitutes a significant asset restructuring[13][14] - The company's stock was previously suspended and resumed trading on April 7, 2017; the related restructuring proposal is scheduled for shareholder approval at a general meeting on April 27, 2017[14][15] - In the first quarter, the company's scope of consolidation expanded to include 'Nanjing Guolv United Travel Agency Co., Ltd. Xiamen Branch' and 'Horgos Big Player Plan Culture Development Co., Ltd.'[16] Unfulfilled Commitments Overdue in the Reporting Period No unfulfilled commitments were overdue during the reporting period - The company had no unfulfilled commitments overdue during the reporting period[17] Warning and Explanation for Potential Cumulative Net Loss or Significant Change in Net Profit from Year-Beginning to Next Period-End The company issued no warning regarding potential cumulative net loss or significant net profit changes from year-beginning to next period-end - The company did not issue a warning regarding a potential cumulative net loss or significant change in net profit from the beginning of the year to the end of the next reporting period[18] Appendix This chapter presents the company's detailed, unaudited financial statements for Q1 2017, including consolidated and parent company balance sheets, income statements, and cash flow statements Financial Statements This section presents the company's detailed, unaudited consolidated and parent company financial statements for Q1 2017, encompassing balance sheets, income statements, and cash flow statements for investor review - This chapter provides the company's consolidated balance sheet and parent company balance sheet as of March 31, 2017, along with the consolidated income statement, parent company income statement, consolidated cash flow statement, and parent company cash flow statement for January-March 2017[19][23][27][31][33][36] - All financial statements are unaudited[19][23][28][31][33][36] Consolidated Balance Sheet This table presents the company's consolidated assets, liabilities, and owner's equity as of March 31, 2017 Parent Company Balance Sheet This table presents the company's parent company assets, liabilities, and owner's equity as of March 31, 2017 Consolidated Income Statement This table presents the company's consolidated operating revenue, costs, profit, and net profit for January-March 2017 Parent Company Income Statement This table presents the company's parent company operating revenue, costs, profit, and net profit for January-March 2017 Consolidated Cash Flow Statement This table presents the company's consolidated cash flows from operating, investing, and financing activities for January-March 2017 Parent Company Cash Flow Statement This table presents the company's parent company cash flows from operating, investing, and financing activities for January-March 2017 Audit Report No audit report was provided for this reporting period, and the financial statements remain unaudited - The company did not provide an audit report for this reporting period, and the financial statements are unaudited[37]