Sante(SZ:002159)2018-03-15 16:00Financial Performance - The company reported a significant increase in revenue, achieving a total of 1.2 billion RMB for the year 2017, representing a growth of 15% compared to the previous year[13]. - The company reported a net profit of 150 million RMB for 2017, marking a 12% increase from the previous year[13]. - The company's operating revenue for 2017 was ¥539,440,636.97, representing a 19.52% increase compared to ¥451,356,538.90 in 2016[6]. - The net profit attributable to shareholders was ¥5,501,395.78, a significant turnaround from a loss of ¥53,940,340.97 in 2016, marking a 110.20% improvement[6]. - The basic earnings per share rose to ¥0.04 from a loss of ¥0.39 in 2016, reflecting a 110.17% increase[6]. - Future guidance indicates an expected revenue growth of 12% for 2018, driven by new projects and increased visitor numbers[13]. - The company reported a decrease in losses for subsidiaries like Chongyang Santai Tourism Company and Xianfeng Pingbaying Company, indicating improved operational management[39]. - The company achieved operating revenue of 539.44 million yuan, a year-on-year increase of 19.52%[33]. - The increase in revenue and profit was primarily driven by the stable performance of subsidiaries and the commencement of operations for several new projects[33]. Visitor Statistics - User data showed that the number of visitors to the company's attractions increased by 20% year-on-year, reaching 3 million visitors in 2017[13]. - The number of visitors to the Fanjing Mountain Tourism Company increased to 831,500, generating revenue of 182.18 million yuan and a net profit of 71.49 million yuan[35]. - The Huashan Cableway Company received 1,461,700 visitors, with revenue of 98.87 million yuan and a net profit of 37.16 million yuan[35]. Expansion Plans - The company plans to expand its market presence by opening three new cableway projects in 2018, which are expected to increase revenue by an additional 10%[13]. - The company is exploring potential mergers and acquisitions to enhance its service offerings and market reach, with a focus on complementary businesses[13]. - The company plans to issue non-public A-shares to raise up to 545 million yuan, with funds allocated for repaying long-term loans and supplementing working capital[43]. - The company is pursuing asset securitization, intending to issue asset-backed securities totaling no more than 800 million yuan[43]. Investment and Assets - Total assets at the end of 2017 were ¥2,672,184,867.32, up 3.80% from ¥2,574,393,477.21 in 2016[6]. - The company’s investment in long-term prepaid expenses increased by 97.76% due to significant expenditures on scenic area contracting rights and renovations[29]. - The company reported a total investment of 303.5 million yuan for the reporting period, a decrease of 2.82% from the previous year's investment of 312.31 million yuan[68]. - The total amount of raised funds was CNY 40,318.13 million, with no changes in usage[77]. Financial Management - The company has initiated a non-public offering of A-shares to raise 500 million RMB for future expansion projects, pending approval from the China Securities Regulatory Commission[6]. - The board has decided not to distribute cash dividends for the year, focusing instead on reinvestment into growth initiatives[4]. - The company has maintained a profit distribution policy that aligns with the long-term interests of all shareholders and complies with regulatory requirements[104]. - The company has not proposed any cash dividend distribution plan for the reporting period, despite having a positive profit available for distribution to ordinary shareholders[104]. Safety and Risk Management - The management emphasized the importance of risk management strategies in light of market uncertainties, particularly regarding regulatory approvals and economic conditions[5]. - The company has established a Safety Production Committee to oversee safety operations and has implemented a comprehensive safety management system[103]. - The company has established a safety risk awareness culture, emphasizing prevention as the primary approach to safety management[103]. Corporate Governance - The company has a comprehensive governance structure, including a board of directors with 9 members, 3 of whom are independent directors[190]. - The company has appointed several independent directors to enhance governance and oversight[181]. - The company emphasizes transparency in its remuneration practices, ensuring that all compensation is subject to shareholder approval[179]. - The total remuneration for the board of directors, supervisors, and senior management was reported as 58.34 million CNY for the chairman, 70 million CNY for a director, and 70 million CNY for the vice chairman and president[179]. Social Responsibility - The company has actively participated in social welfare construction, donating a total of 1.2 million yuan in 2017[135]. - The company has invested a total of 36,196.8 thousand yuan in poverty alleviation efforts, directly helping 4,312 registered impoverished individuals to escape poverty[138]. - The company has been recognized by the National Poverty Alleviation Office for its contributions to poverty alleviation through tourism and has been invited to become a vice-chairman unit of the Tourism Poverty Alleviation Promotion Association[137]. Management Changes - Mr. Lu Sheng was appointed as the Chairman of the Board, serving until the 10th Board of Directors meeting[165]. - Mr. Liu Danjun resigned as Chairman due to personal health reasons but remains a director[165]. - Mr. Zhang Quan was appointed as Chief Operating Officer, previously serving as Vice President[165]. - The company has a diverse leadership team with extensive backgrounds in economics, management, and engineering[167][168][169].