ENC(SH:603869)2016-03-31 16:00Financial Performance - In 2015, the company achieved a net profit of ¥79,846,634.71, with an increase in undistributed profits to ¥251,050,218.21 by year-end [3]. - The total revenue for 2015 was ¥364,440,764.46, representing a year-on-year growth of 10.83% compared to ¥328,841,392.32 in 2014 [18]. - The net profit attributable to shareholders increased by 37.52% to ¥71,356,202.91 from ¥51,888,854.27 in 2014 [18]. - The company plans to distribute a cash dividend of ¥1 per 10 shares, totaling ¥21,624,000.00, which accounts for 30.30% of the net profit attributable to shareholders [3]. - The total assets of the company grew by 51.34% to ¥926,666,518.38 at the end of 2015, compared to ¥612,322,713.40 at the end of 2014 [18]. - The company's net assets attributable to shareholders increased by 65.60% to ¥772,069,243.40 from ¥466,212,163.19 in 2014 [18]. - Basic earnings per share rose to ¥0.35 in 2015, a 9.38% increase from ¥0.32 in 2014 [19]. - The weighted average return on equity decreased to 10.51% in 2015, down by 1.13 percentage points from 11.64% in 2014 [19]. - The company reported a net cash flow from operating activities of ¥112,262,329.26, reflecting a 12.07% increase from ¥100,170,110.65 in 2014 [18]. - The total share capital at the end of 2015 was 216,240,000 shares, an increase of 33.33% from 162,180,000 shares at the end of 2014 [18]. Revenue and Profit Trends - The company achieved operating revenue of 364.44 million RMB, a year-on-year increase of 10.83% [55]. - Net profit reached 71.39 million RMB, reflecting a significant growth of 37.49% compared to the previous year [55]. - Earnings per share (EPS) increased to 0.35 RMB, up 9.38% year-on-year, marking a historical high for the company [55]. - The gross margin for the main business improved to 44.99%, an increase of 7.00 percentage points from the previous year [58]. - The North-Dong tourism route saw a passenger volume of 2.03 million, a 22% increase year-on-year, generating revenue of 270.78 million RMB, up 24.30% [68]. Tourism Operations - The company operates four marine tourism routes, providing high-quality sea tourism services with a fleet of 6 high-speed passenger ships and 3 roll-on/roll-off ships [28]. - The marine tourism business primarily generates revenue through ticket sales, with additional income from secondary consumption by tourists [34]. - The company has established a sales network through 11 travel agency subsidiaries across the country to distribute its marine tourism products [28]. - The company has implemented a centralized procurement model to reduce costs and ensure service quality in its marine tourism operations [29]. - The health tourism service system includes pre-experience, quality process services, and post-visit interactions to maintain customer engagement [33]. Market Expansion and Development - The company plans to build a new luxury passenger roll-on/roll-off ship with a capacity of 718 seats, expected to start construction in 2016, enhancing the South China Sea route [47]. - The company acquired the operating rights for several tourist routes in the Yantai area, including the Chongtong Island and island-hopping tours, which will expand its market share [48]. - The company is developing a Fisherman's Wharf at the international passenger port to enhance visitor experience and promote secondary consumption [51]. - The online vacation tourism market in China reached approximately 540.29 billion RMB in 2015, a 47.2% increase from 2014, with an online penetration rate of 13.1% [38]. - The company plans to leverage the "Belt and Road" initiative and "Healthy China" strategy to enhance its tourism offerings, focusing on marine tourism and health tourism [87]. Strategic Initiatives - The company is planning to acquire 100% equity of Bokan Intelligent to enhance its smart tourism business [52]. - The company has signed a strategic cooperation framework agreement with the Wenzhou Pingyang government for the development of the South Ji Island tourism project [53]. - The company is focusing on developing high-end marine tourism products to meet the growing demand in the market [84]. - The company anticipates that the integration of big data and smart tourism will reshape the tourism industry, creating new opportunities for growth [86]. - The company plans to enhance its digital marketing strategy, with an investment of 50 million RMB to increase online visibility and customer engagement [178]. Shareholder and Governance Matters - The company has a cash dividend policy, with a proposed distribution of 1.00 yuan per share for 2015, representing 30.30% of the net profit attributable to shareholders [109]. - Major shareholders are restricted from transferring or managing shares for 36 months post-IPO, ensuring stability in shareholding [111]. - The company has established a policy that any share reduction must not be below the initial public offering price, protecting shareholder value [112]. - The commitments made by the controlling shareholder remain valid even after changes in their position within the company [112]. - The company has implemented measures to protect the rights of shareholders, ensuring no insider trading or violations of trading regulations occurred during the reporting period [138]. Employee and Management Practices - The company has emphasized employee training and team cohesion, establishing a corporate culture construction working group to enhance overall employee quality [139]. - The company has a comprehensive salary incentive system that includes annual cash income, benefits, long-term incentives, and spiritual incentives [186]. - The company has implemented a training program focused on key positions to enhance employee skills and leadership [189]. - The total remuneration for all directors, supervisors, and senior management personnel amounted to CNY 831.18 million [179]. - The number of employees in the parent company is 704, while the total number of employees in the parent company and major subsidiaries is 846 [183]. Compliance and Risk Management - The company has established a comprehensive internal control system, including governance and financial management, to ensure compliance with regulations and protect shareholder interests [196]. - The company has not reported any overdue principal or interest from its wealth management investments during the reporting period [136]. - The company has maintained a good integrity status, with no major debts or court judgments outstanding against its controlling shareholders or actual controllers [124]. - The company has not faced any risks of suspension from listing during the reporting period [124]. - The company has undertaken to compensate for any economic losses due to non-compliance with social security regulations [120].