丽江股份(002033) - 2024 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2024 was CNY 808,450,948.27, representing a 1.19% increase from CNY 798,904,745.29 in 2023[19] - The net profit attributable to shareholders for 2024 was CNY 210,870,860.33, a decrease of 7.27% compared to CNY 227,410,467.81 in 2023[19] - The net cash flow from operating activities decreased by 18.82% to CNY 329,125,983.64 in 2024 from CNY 405,406,305.77 in 2023[19] - The basic earnings per share for 2024 was CNY 0.3838, down 7.27% from CNY 0.4139 in 2023[19] - Total assets at the end of 2024 increased by 3.16% to CNY 3,016,387,054.95 from CNY 2,924,033,562.78 at the end of 2023[19] - The net assets attributable to shareholders at the end of 2024 were CNY 2,527,687,099.80, a 0.89% increase from CNY 2,505,487,965.35 at the end of 2023[19] - The company reported a weighted average return on equity of 8.44% for 2024, down from 9.24% in 2023[19] - The net profit after deducting non-recurring gains and losses for 2024 was CNY 218,250,712.41, a decrease of 7.22% from CNY 235,225,335.32 in 2023[19] Revenue Breakdown - Total revenue for Q1 was ¥179,930,044.26, Q2 was ¥204,899,815.36, Q3 was ¥250,816,213.01, and Q4 was ¥172,804,875.64, showing a significant increase in Q3 compared to other quarters[23] - Net profit attributable to shareholders for Q1 was ¥55,813,358.84, Q2 was ¥56,497,747.88, Q3 was ¥79,965,326.80, and Q4 was ¥18,594,426.81, indicating a peak in Q3[23] - Cash flow from operating activities for Q1 was ¥83,155,380.53, Q2 was ¥55,431,933.59, Q3 was ¥138,402,808.73, and Q4 was ¥52,135,860.79, with Q3 showing the highest cash flow[23] Tourism Sector Insights - The company operates in the tourism sector, providing services such as cable car operations, hotel management, and cultural performances, contributing to diversified revenue streams[29] - The company has invested in multiple hotel properties, including the InterContinental Resort and Indigo Hotels, enhancing its hospitality offerings[32] - The "Impression Lijiang" performance, a major cultural attraction, has been a significant draw for tourists since its launch in 2006, contributing to the company's brand value[31] - The company has expanded its cable car services, including the Yulong Snow Mountain Glacier Park cable car, which is a key attraction for visitors[30] - The company reported a government subsidy of ¥757,920.55 in 2024, down from ¥959,188.73 in 2023, reflecting changes in government support[24] - The company is focused on enhancing its market presence through strategic investments in tourism-related infrastructure and services[29] Future Plans and Risks - The company has indicated potential risks in its future development outlook, which investors should consider[5] - The company plans to continue optimizing its operational strategies and strengthen its marketing system in 2024[48] - The company is positioned to leverage its strong financial status and capital market platform for further resource integration and sustainable development[45] - The company plans to achieve a revenue of 816 million yuan and a net profit of 202 million yuan attributable to shareholders in 2025[103] Investment and Development Projects - The company has completed the fundraising for its non-public offering, with a total of ¥16,125.21 million transferred to the company's basic account for permanent working capital supplementation[75] - The cumulative investment amount for the Xiangbala Moonlight City project reached 48,819.49 million yuan, with a fundraising input progress of 96.48%[78] - The company has approved the use of 88,906.6 million yuan of raised funds to replace self-raised funds previously invested in the Xiangbala Moonlight City project and the Yulong Snow Mountain Tourist Comprehensive Service Center project[78] - The cumulative investment for the Yulong Snow Mountain Tourist Comprehensive Service Center project was reported at 10,800 million yuan, achieving 100% of the planned investment[78] Corporate Governance - The company has established a comprehensive set of governance rules, including decision-making and information disclosure management systems[112] - The company has a modern governance structure with a clear division of responsibilities among the shareholders' meeting, board of directors, supervisory board, and management[115] - The company has revised and improved its corporate governance system, with key regulations approved during the board meetings on January 19, 2024, and March 8, 2024[112] - The company maintains independence from its controlling shareholders in business, personnel, assets, institutions, and finance, ensuring autonomous operation[113] Employee Management and Training - The total number of employees at the end of the reporting period is 1,636, with 1,031 in production, 165 in sales, 233 in technology, 92 in finance, and 115 in administration[149] - The company has a total of 11,308 training participants planned for 2024, with 584 training sessions organized[152] - The company emphasizes competitive salary structures aligned with market levels to attract and retain talent[150] - The company has implemented a comprehensive labor management strategy to address seasonal workforce needs while controlling labor costs[151] Social Responsibility and Community Engagement - The company has committed to helping local communities in Yulong County with poverty alleviation and rural revitalization efforts, including regular visits and support for local families[166] - The company has stationed 3 team members in Yilong Village to oversee poverty alleviation efforts, ensuring logistical support and monitoring of the program's effectiveness[167] - The company has allocated 40,000 yuan for community economic development and 10,000 yuan for party-building activities in Yilong Village to enhance local infrastructure[168] - The company emphasizes the importance of environmental sustainability and has integrated quality management processes to ensure operational safety and compliance with environmental standards[165] Financial Management and Audit - The company has established a comprehensive internal control system in accordance with relevant regulations[162] - The internal control audit report confirmed that the company maintained effective financial reporting internal controls as of December 31, 2024[162] - The audit opinion type was standard unqualified opinion, indicating no major defects in non-financial reporting[162] - The company has not reported any issues regarding the governance self-inspection action[163]