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三特索道(002159) - 2017 Q2 - 季度财报
SanteSante(SZ:002159)2017-08-23 16:00

Financial Performance - The company's operating revenue for the first half of 2017 was ¥214,866,324.32, representing a 6.61% increase compared to ¥201,536,192.45 in the same period last year[20]. - The net profit attributable to shareholders of the listed company was -¥33,570,432.64, a decrease of 19.08% from -¥28,192,335.81 in the previous year[20]. - The net cash flow from operating activities significantly improved to ¥53,965,452.94, a 654.65% increase from ¥7,151,022.19 in the same period last year[20]. - The company reported a basic earnings per share of -¥0.24, a decline of 20.00% from -¥0.20 in the previous year[20]. - The weighted average return on net assets was -4.17%, compared to -3.03% in the previous year, indicating a worsening performance[20]. - The company reported a net profit loss of between CNY 5 million and CNY 15 million for the first three quarters of 2017, compared to a loss of CNY 7.75 million in the same period of 2016[76]. - The company reported a net profit for the current period was a loss of ¥33,785,154.64, compared to a loss of ¥21,012,247.40 in the previous period, reflecting a worsening performance[138]. Assets and Liabilities - Total assets at the end of the reporting period were ¥2,596,937,660.21, showing a slight increase of 0.88% from ¥2,574,393,477.21 at the end of the previous year[20]. - The net assets attributable to shareholders of the listed company decreased by 4.35% to ¥786,919,112.25 from ¥822,671,288.84 at the end of the previous year[20]. - The company's cash and cash equivalents decreased by 32.78% compared to the beginning of the period, mainly due to increased investment activities[29]. - The company's cash and cash equivalents decreased by 39.12% to -¥34,091,949.16, attributed to reduced borrowings and collections[44]. - The total liabilities rose to CNY 1,767,049,378.42 from CNY 1,711,319,291.14, an increase of about 3.3%[132]. - The company's asset-liability ratio reached 68% in the first half of 2017, indicating significant financial risk due to high capital demands during its expansion phase[79]. Investment and Projects - The company completed a capital increase of ¥24,000,000 in its wholly-owned subsidiary, Xiangfeng Santourism Development Co., Ltd., with a 100% equity stake[57]. - The total investment amount for the reporting period was ¥247,480,000.00, reflecting a decrease of 20.00% compared to ¥309,359,463.80 in the same period last year[56]. - The project "Baokang Jiuluzhai Ecological Tourism Area" has a committed investment of CNY 81 million, with 112.60% of the planned investment completed[66]. - The "Chongyang Langkou Hot Spring Resort" project has a committed investment of CNY 177 million, with 100.16% of the planned investment completed[66]. - The company reported a total investment of CNY 56.66 million in various projects during the reporting period[61]. Operational Challenges - The company faces risks of delisting due to the uncertainty of turning a profit in 2017 after a net loss of ¥53,940,300.3 in 2016[9]. - The company is undergoing a major adjustment and transformation in its travel agency operations, impacting revenue from key projects[48]. - The company has not achieved the expected benefits from several projects, including the Baokang Jiuluzhai Ecological Tourism Area, which was expected to open in 2015 but has not met its anticipated performance[67]. - The Chongyang Langkou Hot Spring Resort project is mostly completed but has not reached expected visitor growth, affecting its profitability[67]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 7,559[114]. - The company holds 96.55% of its shares as unrestricted shares, totaling 133,882,644 shares[112]. - The company reported a total of 27,697,958 shares held by Wuhan Contemporary Technology Industry Group, accounting for 19.97% of the total shares[115]. - The second largest shareholder, Wuhan East Lake New Technology Development Zone Development Co., holds 10,763,305 shares, representing 7.76%[115]. - The top ten unrestricted shareholders collectively hold 20.55% of the company's shares, with no reported related party transactions among them[116]. Risk Management - The company has established a risk management system to address policy, market, financial, and natural disaster risks[78]. - The company has taken steps to mitigate the impact of potential losses from new projects and increased operational costs due to new hires and marketing expenses[76]. - The company has a structured approach to impairment testing for significant receivables, ensuring accurate financial reporting and risk management[200]. Corporate Governance - The company held four shareholder meetings during the reporting period, with investor participation rates of 28.85%, 27.74%, 27.80%, and 34.31% respectively[82][83][84]. - The company has fulfilled all commitments made by its actual controllers and shareholders during the reporting period[84][87]. - There were no significant related party transactions during the reporting period[91][92][93][94]. Financial Reporting - The financial report for the half-year period has not been audited[88]. - The company’s half-year financial report was not audited, indicating a potential area for investor scrutiny[128]. - The financial statements are prepared based on the going concern principle and comply with the requirements of the accounting standards[166]. Social Responsibility - The company is involved in tourism poverty alleviation projects across nine provinces, contributing to local economic development and job creation[103]. - The company invested a total of 17,727.08 million yuan in poverty alleviation efforts, helping 1,232 registered impoverished individuals to escape poverty[104]. - A total of 205 million yuan was invested in vocational skills training, with 2,208 individuals receiving training and 982 registered impoverished individuals achieving employment[104]. - The company provided 62.5 million yuan in financial aid to 73 impoverished students and invested 33 million yuan to improve educational resources in impoverished areas[104]. - The company invested 120.8 million yuan in healthcare resources for impoverished regions[104].