JJIT(SH:900929)2015-03-27 16:00Financial Performance - The net profit for the parent company in 2014 was CNY 62,326,980.43, with a statutory surplus reserve of CNY 6,232,698.04 allocated, resulting in a total distributable profit of CNY 139,626,707.58 for shareholders[3]. - The proposed cash dividend for 2014 is CNY 2.22 per 10 shares, totaling CNY 29,427,491.94, with remaining undistributed profits carried forward to the next year amounting to CNY 110,199,215.64[3]. - The company achieved a total operating revenue of CNY 2,164,218,159.62 in 2014, representing a year-on-year increase of 2.26% compared to CNY 2,116,332,162.80 in 2013[26]. - The net profit attributable to shareholders of the listed company was CNY 58,598,182.93, reflecting a slight increase of 0.32% from CNY 58,410,875.89 in the previous year[26]. - The company reported a total of RMB 871,464,523.35 in available-for-sale financial assets, which increased from RMB 523,221,340.69 in 2013, showing a growth of about 66.6%[151]. - The total profit for 2014 was RMB 65,652,211.37, down 7.5% from RMB 70,588,368.28 in 2013[157]. - The total comprehensive income for 2014 was RMB 319,780,276.16, a significant increase from RMB 18,868,679.57 in 2013[157]. Audit and Compliance - Deloitte Huayong Certified Public Accountants issued a standard unqualified audit report for the company[2]. - The company’s financial report is guaranteed to be true, accurate, and complete by its executives, including the CEO and accounting heads[3]. - The company has improved its information disclosure management, ensuring timely and accurate reporting to protect the rights of investors[120]. - The internal control system was evaluated according to the standards set by the Ministry of Finance and the China Securities Regulatory Commission, with no significant internal control deficiencies found as of December 31, 2014[132]. - Deloitte Huayong CPA issued a standard unqualified internal control audit report for the company's financial reporting[133]. Shareholder Information - The company’s total share capital as of December 31, 2014, was 132,556,270 shares[3]. - The largest shareholder, Shanghai Jin Jiang International Hotel (Group) Co., Ltd., holds 66,556,270 shares, representing 50.21% of the total shares[93]. - The total actual amount of related party transactions in 2014 was 28,168,818.42 CNY, with an estimated total for the year not exceeding 3,717,000 CNY[79]. - As of the end of the reporting period, the total number of shareholders was 11,652[91]. Operational Highlights - The company has a history of changes in its main business operations since its establishment in 1994, reflecting its adaptability in the tourism sector[19]. - The company is primarily engaged in inbound tourism, domestic tourism, outbound tourism, and related services[177]. - The company has launched new travel products, including "in-depth tours of a country," to enhance its outbound tourism business growth[46]. - The company is focusing on the development of new tourism products and services, capitalizing on events like the Milan Expo and Shanghai Disneyland to boost brand recognition[71]. Financial Position - The total assets of the company increased to CNY 1,727,647,008.32, up 27.98% from CNY 1,349,956,360.64 at the end of 2013[26]. - The total liabilities amounted to RMB 537,797,084.51, up from RMB 449,970,377.21 in 2013, indicating an increase of around 19.5%[151]. - Shareholders' equity reached RMB 1,189,849,923.81, a significant rise from RMB 899,985,983.43, representing a growth of approximately 32%[151]. - The company’s retained earnings increased to RMB 169,307,149.32 from RMB 146,236,600.10, representing a growth of about 15.7%[151]. Future Outlook - The company expects a revenue of CNY 2.305 billion for 2015, focusing on deepening reforms and promoting transformative upgrades[70]. - The company plans to invest CNY 10.8 million in 2015, primarily sourced from its own funds, for information system updates and fixed asset renovations[72]. - The company anticipates significant growth opportunities in the service industry, supported by government policies to boost domestic demand and consumption[67]. - The company plans to leverage the acquisition of the Louvre Hotel Group to expand its market presence in Europe[71]. Employee and Governance Structure - The total number of employees in the parent company is 146, while the main subsidiaries employ 989, resulting in a total of 1,135 employees[112]. - The company’s board of directors consists of 3 independent directors, and the audit committee and compensation committee are chaired by independent directors[119]. - The company has established a performance evaluation mechanism for senior management based on annual financial status, operational results, and service quality, continuously improving the evaluation and incentive mechanisms[129]. - The company has implemented a training program that includes both internal and external training, creating a tiered education system to meet its development needs[114].