西藏旅游(600749) - 2016 Q1 - 季度财报

Financial Performance - Operating revenue for the period was CNY 4,182,285.74, down 16.83% year-on-year[8] - Net profit attributable to shareholders was a loss of CNY 28,964,957.82, compared to a loss of CNY 26,451,246.29 in the same period last year[8] - The weighted average return on net assets was -4.6698%, compared to -4.2929% in the previous year[8] - Basic earnings per share were -0.1531 CNY, compared to -0.1399 CNY in the same period last year[8] - The company reported a net loss of CNY 28,885,918.17 in retained earnings as of March 31, 2016, compared to a profit of CNY 79,039.65 at the beginning of the year[27] - The net profit attributable to the parent company was CNY -28,964,957.82, compared to CNY -26,451,246.29 in the same period last year, indicating a worsening of approximately 9.5%[32] - The company reported a net loss of CNY 25,523,643.53 for Q1 2016, compared to a net loss of CNY 21,720,870.82 in the same period last year, indicating a year-over-year increase in losses of approximately 17%[36] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,743,343,338.16, a decrease of 5.93% compared to the end of the previous year[8] - The company's total assets amounted to CNY 1,743,343,338.16, a decrease from CNY 1,853,306,916.75 at the beginning of the year[26] - The total liabilities of the company as of March 31, 2016, were CNY 1,123,243,151.78, down from CNY 1,203,576,749.43 at the beginning of the year[27] - The company’s current assets totaled CNY 525,167,339.04, a decrease from CNY 669,794,417.38 at the beginning of the year, indicating a decline of approximately 21.6%[26] - The company’s fixed assets decreased slightly to CNY 575,510,777.09 from CNY 585,206,788.02 at the beginning of the year[26] - The company’s non-current liabilities decreased to CNY 354,000,000.00 from CNY 368,500,000.00, indicating a reduction in long-term financial obligations[27] - The company’s total liabilities decreased from CNY 1,227,729,008.58 to CNY 1,122,487,879.83, a reduction of about 8.6%[30] Cash Flow - Cash flow from operating activities was a net outflow of CNY 146,411,335.76, compared to a net outflow of CNY 8,912,852.14 in the previous year[8] - Operating cash flow for the company was negative CNY 146,411,335.76 in Q1 2016, worsening from a negative cash flow of CNY 8,912,852.14 in Q1 2015[39] - Total cash inflow from operating activities was CNY 7,903,140.38, down 61.5% from CNY 20,521,078.26 in the previous year[39] - The company recorded cash outflows from operating activities totaling CNY 154,314,476.14, significantly higher than CNY 29,433,930.40 in the same period last year[39] - The ending cash and cash equivalents balance was CNY 459,103,246.58, down from CNY 542,996,913.03 at the beginning of the period[40] Shareholder Information - The total number of shareholders at the end of the reporting period was 24,872[10] - The largest shareholder, Guofeng Group Co., Ltd., held 30,454,825 shares, accounting for 16.10% of total shares[10] - The company has committed not to reduce its holdings in Tibet Tourism stocks for six months following the non-public issuance of shares, ensuring stability for investors[20] Government Support and Subsidies - The company received government subsidies amounting to CNY 403,400.00 related to normal business operations[9] Operational Challenges - The company is facing operational risks due to the closure of the Zhangmu port, which has affected the influx of Indian tourists, a key revenue source[22] - The company expects a significant impact on its performance due to the "two limits and one warning" policy and the aftermath of the 2015 Nepal earthquake, predicting potential losses for the cumulative net profit from the beginning of the year to the next reporting period[21] Asset Management and Restructuring - The company is planning a major asset restructuring, with stock trading suspended since December 7, 2015[16] - The company is actively preparing responses to inquiries from the Shanghai Stock Exchange regarding its asset restructuring plans[17] Changes in Receivables and Payables - The company's prepayments increased by 112.04% from RMB 6,946,967 to RMB 14,730,298[14] - Other receivables decreased by 83.49% from RMB 81,978,837 to RMB 13,537,098[14] - Other payables decreased by 51.4% from RMB 218,609,632 to RMB 106,252,800[14] Cash Management - Cash received from loans increased significantly by 1,466.67% from RMB 30,000,000 to RMB 470,000,000[14] - The company reported a 100% increase in cash received from the disposal of subsidiaries, amounting to RMB 68,596,848[14]