BJCT(SZ:000802)2016-02-04 16:00Financial Performance - The company's operating revenue for 2015 was CNY 349,352,610.80, a decrease of 16.96% compared to CNY 420,694,845.57 in 2014[16]. - The net profit attributable to shareholders for 2015 was CNY 21,224,567.34, down 73.42% from CNY 79,843,675.09 in 2014[16]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY -34,918,330.38, a decline of 183.62% compared to CNY 41,755,909.83 in 2014[16]. - Basic and diluted earnings per share decreased by 74.35% to ¥0.0546 from ¥0.2129 in 2014[18]. - The weighted average return on equity was 2.27%, down from 8.97% in the previous year, a decrease of 6.70%[18]. - Total assets at the end of 2015 were ¥1,422,745,706.57, a decrease of 5.57% from ¥1,506,672,101.44 at the end of 2014[18]. - Net assets attributable to shareholders increased by 9.29% to ¥1,010,856,491.18 from ¥924,908,731.04 in 2014[18]. - The company reported a total revenue of ¥163,623,101.84 in Q4 2015, with a total annual revenue of ¥349,352,610.00[22]. - The net profit attributable to shareholders in Q4 2015 was ¥17,578,051.71, compared to a loss of ¥1,842,688.86 in Q1 2015[22]. - Non-operating income for 2015 amounted to ¥56,109,377.03, significantly higher than ¥38,087,765.26 in 2014[24]. Business Strategy and Development - The company is focusing on transforming into a full industry chain cultural group, emphasizing the film and television sector alongside its tourism business[27]. - The company plans to enhance its marketing strategies to attract stable customer sources for its tourism and cultural services[29]. - The company is undergoing a non-public offering to acquire 100% equity of Century Partners and Zhejiang Xinghe, which will strengthen its position in the film and television industry[42]. - The company has established a collaborative development model between its tourism and film cultural businesses, aiming to create a comprehensive cultural media group[43]. - The company is focusing on expanding its business in television dramas, films, variety shows, artist management, and new media after the completion of its fundraising efforts[43]. - The company aims to leverage favorable government policies to further stimulate the growth of the cultural industry, particularly in the film and television sectors[34]. - The company plans to enhance its market competitiveness in the tourism sector by developing cultural tourism destinations and improving service levels in the Mentougou scenic area[32]. - The company is committed to enhancing its talent management and optimizing its organizational structure to support its transformation[94]. - The company is actively pursuing market expansion through strategic acquisitions and partnerships in the cultural media sector[148]. Investment and Financing - The company plans to issue 324,459,900 shares to raise CNY 2.894 billion for acquiring two film and television companies[46]. - The company has launched six films and four TV series in 2015, with notable titles including "The Rescue" and "Interns" contributing CNY 94.87 million and CNY 57.70 million respectively[50]. - The company has received a total of 9 investor visits during the reporting period, involving 62 institutions[104]. - The company has committed to fair trading practices with its largest shareholder, Beijing Tourism, to avoid conflicts of interest[112]. - The company has received RMB 30 million of the equity transfer payment as of the announcement date[168]. - The company plans to optimize its asset structure and improve management efficiency through strategic asset sales[167]. - The company has made a total of RMB 15 million payments for the acquisition of Beijing Motianlun Media Culture Co., Ltd. in three installments[157]. - The company has established Beijing Gaolan Cultural Investment Management Co., Ltd. with a registered capital of RMB 10 million to manage the cultural investment fund[161]. Risk Management - The company emphasizes the importance of risk awareness in its forward-looking statements[4]. - The company faces risks from intensified competition in the tourism industry, which may impact its financial performance due to changing consumer behavior and macroeconomic conditions[98]. - The company is addressing the risk of piracy by strengthening its intellectual property protection measures and signing comprehensive copyright contracts[99]. - The company acknowledges the uncertainty in the market demand for new film and television products, which may affect their financial returns[101]. - The company is preparing for potential impacts from natural disasters and pandemics, establishing emergency response mechanisms to minimize losses[99]. Corporate Governance - The company has appointed Zhongxi Accounting Firm as its auditor for the reporting period[17]. - The audit firm, Zhongxi CPA, has been engaged for 10 consecutive years, with an audit fee of 1 million yuan for the current period[122]. - The company has not encountered any significant changes in the feasibility of its investment projects during the reporting period[83]. - The company has not reported any surplus of raised funds during the implementation of its investment projects[84]. - The company has not engaged in any related party transactions during the reporting period[131]. - The company has not conducted any asset or equity acquisitions or sales during the reporting period[132]. Shareholder Information - The total shares outstanding as of the report was 388,841,309, with the controlling shareholder holding 29.30%[16]. - The company reported a total share count of 388,600,360, with 96.46% being unrestricted shares[176]. - The largest shareholder, China Huali Holdings Group Co., Ltd., held 29.30% of shares, totaling 113,841,309 shares, with a decrease of 6,408,670 shares during the reporting period[184]. - The total number of ordinary shareholders at the end of the reporting period was 19,036[184]. - The company has granted 13.62 million restricted shares to 31 incentive recipients, including directors and key personnel, at a price of 8.94 CNY per share[126]. Market Trends - In 2015, China's tourism industry received over 4 billion domestic and international tourists, with total tourism revenue exceeding 4 trillion RMB, representing a year-on-year growth of 10% and 12% respectively[32]. - The film industry in China achieved a total box office revenue of 44.068 billion RMB in 2015, marking a significant year-on-year increase of 48.7%, the largest growth since 2011[35]. - The company is currently unable to proceed with the expansion of the Budgetel 8 Hotel due to the integration and renovation of state-owned resources in the Mentougou District[82]. - The company is focused on developing a comprehensive media group in the cultural and film industry, aiming for sustainable growth[94].