西安旅游(000610) - 2024 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2024 was ¥582,155,887.47, representing a 5.88% increase compared to ¥549,822,766.14 in 2023[18]. - The net profit attributable to shareholders for 2024 was -¥260,336,814.71, a decrease of 69.13% from -¥153,929,653.81 in 2023[18]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥261,561,912.31, down 76.83% from -¥147,916,238.08 in 2023[18]. - The net cash flow from operating activities improved to -¥8,953,145.06, a 50.78% increase compared to -¥18,191,420.77 in 2023[18]. - Basic earnings per share for 2024 were -¥1.0996, a decline of 69.12% from -¥0.6502 in 2023[18]. - The company's total assets decreased by 8.18% from the end of 2023 to 2,062,086,439.51 CNY at the end of 2024[19]. - The net assets attributable to shareholders decreased by 52.38% from 497,019,383.57 CNY at the end of 2023 to 236,682,568.86 CNY at the end of 2024[19]. - The operating revenue after deducting non-main business income was 557,216,547.97 CNY, up from 521,787,302.35 CNY in 2023[19]. - The company reported a net profit attributable to shareholders of -173,496,681.62 CNY for Q4 2024, with a total net profit of -30,114,894.41 CNY in Q1, -33,550,041.04 CNY in Q2, and -23,175,197.64 CNY in Q3[23][24]. Business Operations - The company operates in various sectors including hotel management, catering services, and tourism product development[15]. - The company expanded its hotel brand matrix to include nine brands, covering high-end business, leisure, and youth social markets, with a network reaching 22 cities across 10 provinces[37]. - The hotel business added 31 new franchise stores, bringing the total to 81, enhancing the brand's influence in the northwest region[40]. - The travel segment received 33,000 inbound tourists, maintaining a leading position in the province, and launched over 30 new domestic and international study tour routes, generating over 51 million yuan in revenue, a year-on-year increase of 23.52%[38]. - The company aims to enhance its position as a comprehensive service provider in the tourism sector, focusing on high-quality travel services[32]. Financial Management - Operating costs rose to 568.66 million yuan, an increase of 41.04 million yuan, or 7.78%, attributed to higher revenue leading to increased costs[44]. - Sales expenses increased by 9.91 million yuan, or 26.19%, due to higher employee compensation and booking commissions in the travel agency business[44]. - Management expenses decreased by 8.51 million yuan, or 12.14%, due to reduced rental and depreciation costs[44]. - Financial expenses increased by 3.10 million yuan, or 7.92%, due to higher interest expenses from increased loan sizes[44]. - The company recorded credit impairment losses of 41.77 million yuan, an increase of 65.64% compared to the same period last year[45]. - Asset impairment losses amounted to 34.06 million yuan, a significant increase of 364.96% year-on-year due to indications of impairment in inventory and certain assets[45]. Governance and Compliance - The financial report is guaranteed to be true, accurate, and complete by the board of directors and management[4]. - The company maintained a sound governance structure, ensuring compliance with relevant laws and regulations, with no significant discrepancies noted[94]. - The board and internal committees operated independently, with no interference from the controlling shareholder, ensuring complete operational autonomy[95]. - The company has established a robust internal control system to enhance operational management and risk prevention capabilities[94]. - The company has not identified any major defects in its internal control system as of the evaluation report date[120]. Shareholder Information - The company plans not to distribute cash dividends, issue bonus shares, or increase share capital from reserves[5]. - The total number of shares is 236,747,901, with 100% ownership structure[167]. - The largest shareholder, Xi'an Tourism Group, holds 26.57% of the shares, totaling 62,902,145 shares, with 31,388,170 shares pledged[173]. - The company has a total of 64,008 shareholders at the end of the reporting period[173]. - The participation rate in the annual general meeting was 28.67%, indicating a moderate level of investor engagement[97]. Future Outlook - The company aims to increase domestic tourism product development and enhance the value of its business chain, focusing on new models for inbound tourism and exploring overseas tourism resource cooperation[85]. - The company intends to innovate and explore new "cultural tourism +" models, integrating agriculture, culture, commerce, and tourism to drive high-quality development[86]. - The company faces intensified market competition, with traditional and emerging players vying for market share, leading to price wars and product homogenization[88]. - The company is committed to product innovation, focusing on high-end customized travel and immersive cultural tourism experiences to build a unique competitive advantage[89]. - The company emphasizes optimizing customer experience by understanding customer needs and providing personalized, high-quality travel products and services[89].