JJIT(SH:900929)2016-03-28 16:00Financial Performance - In 2015, the company's operating revenue was CNY 2,280,187,322.60, representing a 5.36% increase compared to CNY 2,164,218,159.62 in 2014[21] - The net profit attributable to shareholders was CNY 60,752,458.26, up 3.68% from CNY 58,598,182.93 in the previous year[21] - The basic earnings per share for 2015 was CNY 0.4583, reflecting a 3.68% increase from CNY 0.4421 in 2014[22] - The total assets at the end of 2015 amounted to CNY 1,795,795,701.68, a 3.94% increase from CNY 1,727,647,008.32 in 2014[21] - The company's net assets attributable to shareholders increased by 6.58% to CNY 1,269,072,888.25 from CNY 1,190,719,003.09 in the previous year[21] - The company reported a significant decline in net profit excluding non-recurring gains and losses, which was CNY 22,058,347.30, down 51.17% from CNY 45,175,823.99 in the previous year[21] - The company reported a net profit attributable to shareholders of CNY 60,752,500, reflecting a growth of 3.68% year-on-year[39] - The company's operating profit reached CNY 63,256,100, an increase of 7.18% year-on-year[39] - The company’s investment income increased by 59.62% year-on-year, primarily due to higher gains from the disposal of available-for-sale financial assets[57] Cash Flow and Dividends - The cash flow from operating activities showed a negative net amount of CNY -30,553,566.86, compared to CNY -27,681,451.79 in 2014[21] - The company plans to distribute a cash dividend of CNY 2.30 per 10 shares, totaling CNY 30,487,942.10, based on a total share capital of 132,556,270 shares[5] - The net cash flow from operating activities for the reporting period was -CNY 30,553,600, a decrease in cash inflow compared to -CNY 27,681,500 in the previous year[51] - The net cash flow from investing activities was CNY 144,269,100, a significant increase from -CNY 10,088,500 in the previous year, primarily due to higher cash inflows from investment recoveries[52] - The net cash flow from financing activities was -CNY 29,427,500, slightly worse than -CNY 29,294,900 in the previous year, mainly due to increased cash dividends[53] - The company paid RMB 29.43 million in dividends in 2015, slightly up from RMB 29.29 million in 2014[149] Tourism Business Performance - The tourism and related business accounted for 98.50% of the company's total operating revenue in 2015[29] - The outbound tourism segment generated revenue of CNY 1,356,893,779.69, up 7.48% from the previous year[42] - The inbound tourism segment saw a decline in revenue to CNY 123,147,597.73, down 14.29% year-on-year[42] - Domestic tourism revenue increased to CNY 199,332,028.97, marking a growth of 22.44% compared to the previous year[42] - The company organized reception services for over 6,000 foreign guests during the GREAT British Creativity event, enhancing its brand visibility[38] - The company became the designated travel service provider for the China Pavilion at the Milan Expo 2015, further expanding its market presence[38] Operational Challenges and Risks - The company faces industry risks due to sensitivity to political, economic, and natural events that can impact tourism[72] - The company is exposed to operational risks related to accounts receivable and increasing labor costs, necessitating a certain growth rate[72] - The company relies heavily on core operational personnel, and changes in these roles can directly affect business performance[72] - The company has committed to enhancing internal controls and risk management to mitigate identified risks[72] Corporate Governance and Management - The company has three independent directors on the current board, ensuring compliance with legal requirements[112] - The supervisory board includes one employee supervisor, fulfilling oversight responsibilities[113] - The company adheres to strict information disclosure practices, ensuring transparency and compliance with regulations[113] - The company received a standard unqualified opinion from Deloitte Huayong on its internal control effectiveness[121] - The company aims to continuously improve the performance evaluation and incentive mechanisms for senior management to maximize shareholder and company interests[120] Financial Assets and Liabilities - Financial assets and liabilities are recognized at fair value upon initial recognition, with transaction costs directly expensed for those measured at fair value through profit or loss[183] - The group assesses the carrying amount of financial assets at each balance sheet date for any objective evidence of impairment[192] - Impairment losses recognized for financial assets cannot be reversed for equity instruments measured at cost[196]