GTCL(SZ:000978)2025-04-11 12:00Financial Performance - The company's operating revenue for 2024 was ¥431,675,114.43, a decrease of 7.58% compared to ¥467,103,562.89 in 2023[20]. - The net profit attributable to shareholders was -¥204,463,086.00, representing a significant decline of 1,830.70% from ¥16,376,004.51 in the previous year[20]. - The cash flow from operating activities decreased by 29.41% to ¥85,377,737.78 from ¥120,942,849.69 in 2023[20]. - The basic and diluted earnings per share were both -¥0.4368, a drop of 1,833.33% compared to ¥0.0350 in 2023[20]. - Total assets at the end of 2024 were ¥2,157,194,665.64, down 7.91% from ¥2,342,373,692.43 at the end of 2023[20]. - The net assets attributable to shareholders decreased by 16.02% to ¥1,071,994,951.55 from ¥1,303,929,411.44 in 2023[20]. - The company reported a significant decrease in ticket procurement costs for scenic spots, down 41.68% year-on-year[64]. - The company achieved operating revenue of CNY 431.68 million, a year-on-year decrease of 7.58%[54]. - The company reported a net profit attributable to shareholders of CNY -204.46 million, a decrease of CNY 21.63 million year-on-year[52]. - The total number of visitors received by the company was 5.68 million, down 8.12% year-on-year[52]. Accounting and Auditing - The company has engaged Zhongshen Zhonghuan Accounting Firm for auditing services, with signed accountants Yang Hongqing and Wang Tao[19]. - The company reported a need for retrospective adjustments due to accounting errors[19]. - The company corrected prior accounting errors, adjusting investment properties from ¥226,014,248.98 to ¥7,736,543.74, a reduction of ¥218,277,705.24[26]. - The company plans to adjust its accounting treatment for certain properties, reclassifying them from investment properties to fixed and intangible assets due to their inability to be sold separately[25]. - The company reported a net profit impact of -61,008.41 CNY due to the exclusion of Guilin Hanfei Health Technology Co., Ltd. from the consolidated financial statements starting January 2024[191]. - The company appointed Zhongzheng Zhonghuan Accounting Firm as its auditor for the 2024 financial year, with an audit fee of 750,000 CNY[192]. - The company has changed its accounting policy to comply with the Ministry of Finance's requirements, which will better reflect its financial status and operating results[189]. Business Operations - The company has undergone changes in its business scope, including the addition of inbound and outbound tourism services[18]. - The company’s main business operations include road travel passenger transport and tourism services[18]. - The company operates in the tourism industry, which is experiencing significant growth and is recognized as a strategic pillar industry in China[44]. - The company holds a 40-year exclusive operating right for the Two Rivers and Four Lakes scenic area until 2050[50]. - The company has a 66-year operating right for the Silver Rock scenic area until 2068[51]. - The company holds 100% ownership of the five-star hotel Guilin Lijiang Waterfall Hotel and operates 41 star-rated cruise ships with a total capacity of 4,126, representing approximately 30.15% of the total star-rated cruise capacity in Guilin[99]. Governance and Management - The company adheres to the governance standards set by the Company Law and the Securities Law, ensuring compliance with regulations[120]. - The board of directors consists of 9 members, including 3 independent directors, and operates in accordance with legal requirements[121]. - The company maintains independent operations from its controlling shareholder, with separate personnel, assets, and financial management[124]. - The company has a dedicated financial department and independent accounting system, ensuring financial autonomy[124]. - The company is currently led by a team with diverse backgrounds in management, finance, and tourism, enhancing its operational capabilities[135][136][137][138]. - The board of directors has undergone significant changes, with three key personnel resignations in 2024, indicating a potential shift in company strategy[133][132]. - The company is focusing on strengthening its governance structure following the recent management changes to ensure compliance and operational efficiency[131]. Market Strategy and Challenges - The company aims to enhance its market position by leveraging its integrated management advantages and innovative service approaches to counter competition from other tourism enterprises in the region[99]. - The company is committed to improving its marketing strategies and expanding online channels to better align its product offerings with market demands[104]. - The company faces challenges from increased competition in the tourism market, with a shift towards personalized travel experiences and the impact of low-cost travel options disrupting traditional tourism models[103]. - The company identifies opportunities in the rising demand for health tourism and the development of new tourism formats such as educational travel and night tourism, which are expected to have broad growth prospects[102]. Corporate Social Responsibility - The company actively engages in corporate social responsibility, ensuring fair and timely information disclosure to protect investor rights[171]. - The company has implemented measures to enhance environmental protection and resource conservation, focusing on energy consumption management[172]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[170]. - A total of 93,000 yuan was invested in supporting rural revitalization efforts, including 33,000 yuan for helping impoverished households and 35,000 yuan for infrastructure development[173]. Employee Management - The company has established a training and re-education mechanism for employees, ensuring training effectiveness through assessments and evaluations[158]. - The employee compensation scheme is based on economic performance and local labor market conditions, aligning with the company's annual operational goals[157]. - The professional composition of employees includes 1,218 production personnel, 93 sales personnel, 113 technical personnel, 93 financial personnel, and 304 administrative personnel[156]. Legal and Compliance Issues - The company is involved in a lawsuit regarding a 35% equity transfer dispute, with the case currently suspended due to the defendant's inability to participate[197]. - The company has a court ruling requiring the return of 6,775,200 CNY in land acquisition funds, with additional interest calculated at 5% per annum since January 1, 2015[197]. - The company reported a total of 326.16 million in ongoing litigation as a plaintiff, with some cases settled and others still in process, having no significant impact on the company[199]. - There were no penalties or rectification measures reported during the reporting period[200].