Sante(002159)2025-04-08 09:30Financial Performance - The company's operating revenue for 2024 was ¥692.47 million, a decrease of 3.69% compared to ¥719.03 million in 2023[6]. - The net profit attributable to shareholders for 2024 was ¥141.98 million, an increase of 11.34% from ¥127.52 million in 2023[6]. - The net cash flow from operating activities decreased by 13.76% to ¥285.28 million in 2024 from ¥330.78 million in 2023[6]. - The basic earnings per share for 2024 was ¥0.80, reflecting an increase of 11.11% compared to ¥0.72 in 2023[6]. - Total assets at the end of 2024 reached ¥1.85 billion, representing a growth of 9.11% from ¥1.70 billion at the end of 2023[6]. - The net assets attributable to shareholders increased by 8.66% to ¥1.37 billion at the end of 2024 from ¥1.26 billion at the end of 2023[6]. - The company achieved total revenue of approximately 692 million yuan, a slight decrease of 3.69% year-on-year, while the net profit attributable to shareholders increased by 11.34% to about 142 million yuan[54]. - The company's debt ratio decreased to 23.62%, with management expenses down by 9.48% and financial expenses reduced by 94.14% to 742,300 yuan[54]. Dividend Distribution - The company plans to distribute a cash dividend of 2.5 yuan per 10 shares to all shareholders, based on a total share capital of 177,301,325 shares[6]. - A cash dividend of 39.0063 million yuan was distributed to shareholders, reflecting the company's commitment to shareholder value[98]. - The cash dividend distribution plan for 2024 proposes a payment of 2.5 yuan per 10 shares, totaling 44.33 million yuan, which represents 100% of the profit distribution amount[156][159]. - The cash dividend amount of 44.33 million yuan is fully covered by the available distributable profits of 80.09 million yuan[156][158]. Business Operations and Strategy - The company has not changed its main business since its listing, indicating stability in its operational focus[18]. - The company has diversified its business since 2003, investing in over ten tourism projects across various formats, including natural scenic spots, hotels, hot springs, and theme parks[30]. - The company operates a diverse range of tourism products, including cable cars, scenic transportation, and experiential products, across nine provinces in China[35]. - The company is focusing on expanding its market presence and enhancing its product offerings to capture a larger share of the tourism market amid increasing competition[29]. - The company aims to enhance its core business in cableway operations while exploring new business models and products to seek growth opportunities[94]. Risk Management - The company does not foresee any significant risks affecting its normal operations, although it acknowledges potential risks in its future development[5]. - The company emphasizes that future development plans are subject to market conditions and uncertainties, highlighting investment risks[5]. - The tourism industry faces risks from adverse weather and natural disasters, which can significantly reduce visitor numbers during peak seasons[107]. - The company is exposed to policy risks related to tourism industry regulations, which can impact financing and operational performance[108]. - The company has established a risk management system to enhance compliance governance and protect shareholder rights[106]. Governance and Compliance - The company has established a strong management team with extensive industry experience, contributing to its operational efficiency and strategic development[51]. - The company maintains a transparent information disclosure process, ensuring compliance with legal requirements and protecting investor rights[118]. - The company operates independently from its controlling shareholders in all aspects, including business, personnel, and financial management[120]. - The company has a complete and independent operational framework, with all departments functioning without interference from controlling shareholders[124]. - The company has a structured remuneration management system for directors and senior management based on performance evaluations[137]. Market and Industry Trends - In 2024, the domestic tourism market saw a total of 5.615 billion trips, an increase of 14.8% year-on-year[27]. - Domestic tourism spending reached ¥5.75 trillion in 2024, reflecting a year-on-year increase of 17.1%[27]. - The company is actively responding to national policies by researching upgrades and new projects for its cable car operations, including the Huashan and Fanjing Mountain cable cars[34]. - The company has implemented a smart cable car management system, leading the industry in safety and service quality standards[30]. - The government has introduced favorable policies to stimulate tourism consumption, including extending the stay duration for transit visa-free travelers to 240 hours[33]. Community Engagement and Social Responsibility - The company invested 145,920 yuan in rural revitalization initiatives, including educational and agricultural support activities in four counties in Guizhou Province[178]. - The company provided over 50 job opportunities in the local area through its Hainan project, with more than 50% of its employees being rural residents[179]. - The company actively participated in the "Capture Crocodile" initiative to contribute to the ecological restoration of the Yangtze River[176]. - The company has committed to social responsibility by actively engaging in various community support and environmental protection initiatives[175]. Legal and Regulatory Matters - The company received a notice of investigation from the China Securities Regulatory Commission on August 7, 2023, due to suspected information disclosure violations, which led to a non-standard audit report[189]. - The audit report issued by Zhongzheng Zhonghuan CPA reflects the company's actual situation and highlights potential risks, with the board committed to mitigating these impacts[190]. - The company has initiated legal action against the parties responsible for the performance commitments to recover compensation amounts of 32,884,440 and 10,961,480[183]. - The company reported no non-operating fund occupation by controlling shareholders or related parties during the reporting period[187].