桂林旅游(000978) - 2018 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2018 was ¥112,357,301.80, a decrease of 7.08% compared to ¥120,923,181.55 in the same period last year[8] - The net profit attributable to shareholders for Q1 2018 was a loss of ¥2,218,474.16, representing an increase in loss of 44.07% from a loss of ¥1,539,884.36 in the previous year[8] - The basic earnings per share for Q1 2018 was -¥0.006, a 50.00% increase in loss from -¥0.004 in the previous year[8] - The company reported a significant reduction in non-recurring losses, with the net profit excluding non-recurring items at -¥2,942,313.21, a decrease in loss of 59.88% from -¥7,333,343.87 in the previous year[8] - The weighted average return on net assets was -0.15%, a decrease of 0.05% compared to -0.10% in the previous year[8] - The company reported a significant decrease in other income, down by 97.05% to CNY 200,663.33, compared to CNY 6,807,297.22 in the previous year[17] Cash Flow and Assets - The net cash flow from operating activities improved to -¥15,229,738.42, a reduction in loss of 37.85% compared to -¥24,504,823.89 in the same period last year[8] - Total assets at the end of the reporting period were ¥2,647,418,598.37, an increase of 0.78% from ¥2,626,993,408.41 at the end of the previous year[8] - The net assets attributable to shareholders decreased slightly by 0.15% to ¥1,513,342,793.36 from ¥1,515,561,267.52 at the end of the previous year[8] - The company's cash and cash equivalents increased by CNY 11,110,848.58, or 17.40%, compared to the previous period[15] - The company's accounts receivable increased by CNY 15,138,108.44, or 16.69%, due to a decline in collection rates from its tourism operations[15] - Prepaid accounts increased significantly by CNY 6,502,586.60, or 267.22%, due to advance payments for project engineering costs[15] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 32,626[11] - The largest shareholder, Guilin Airlines Tourism Group Co., Ltd., holds 16.00% of the shares, amounting to 57,616,000 shares, which are currently pledged[11] Investments and Future Plans - The company increased its long-term borrowings by CNY 127,300,000.00, or 22.20%, reaching CNY 700,600,000.00 as of March 31, 2018[15] - The company plans to increase its investment in the "Lijiang Eternal Love" performance project by CNY 45,000,000.00, with a total investment scale of CNY 80,526,950.00[21] - The company is set to increase its investment in Guilin Newao Gas Development Co., Ltd. by CNY 8,000,000.00, raising its registered capital from USD 12 million to USD 1,213 million[23] - The company approved a cash capital increase of $4.812 million (approximately RMB 32 million) for Guilin Xin'ao Gas Development Co., Ltd. on March 29, 2018[24] Compliance and Governance - The company reported no overdue commitments from actual controllers, shareholders, or related parties during the reporting period[27] - There were no significant changes in expected net profit for the first half of 2018 compared to the same period last year[28] - The company did not engage in any securities investments during the reporting period[29] - There were no derivative investments reported during the period[29] - The company had no violations regarding external guarantees during the reporting period[31] - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[32] Investor Relations - The company conducted an on-site investigation on February 5, 2018, with institutional investors[30]