西藏旅游(600749) - 2025 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2025 was ¥25,531,252.98, representing an increase of 11.52% compared to ¥22,894,481.28 in the same period last year[4]. - Total operating revenue for Q1 2025 was CNY 25,531,252.98, an increase of 7.1% compared to CNY 22,894,481.28 in Q1 2024[17]. - The net profit attributable to shareholders was -¥9,122,368.95, an improvement from -¥19,798,962.81 year-on-year[4]. - Net loss for Q1 2025 was CNY 9,378,178.29, an improvement from a net loss of CNY 20,549,425.86 in Q1 2024[18]. - The company reported a gross profit margin of approximately 34.5% for Q1 2025, compared to 24.5% in Q1 2024[17]. - Basic and diluted earnings per share for Q1 2025 were both CNY -0.0409, an improvement from CNY -0.0872 in Q1 2024[18]. Cash Flow - The net cash flow from operating activities was -¥47,291,787.52, a significant decline from -¥15,593,871.88 in the previous year[4]. - Operating cash flow for Q1 2025 was negative CNY 47,291,787.52, worsening from negative CNY 15,593,871.88 in Q1 2024[22]. - The net cash flow from investing activities was -$13,972,549.64, compared to $44,648,658.79 in the previous period[23]. - Cash inflow from investment activities in Q1 2025 was CNY 100,266,666.66, significantly lower than CNY 270,952,591.33 in Q1 2024[22]. - Cash inflow from financing activities totaled $41,235,171.39, while cash outflow was $64,317,710.18, resulting in a net cash flow of -$23,082,538.79[23]. - The net increase in cash and cash equivalents was -$84,346,875.95, compared to an increase of $66,362,763.66 in the previous period[23]. - The ending balance of cash and cash equivalents was $422,187,837.14, down from $450,589,454.84 in the previous period[23]. - Cash received from borrowings was $41,235,171.39, while cash paid for debt repayment was $62,500,000.00[23]. Assets and Liabilities - Total assets decreased by 3.88% to ¥1,457,544,427.06 from ¥1,516,366,659.72 at the end of the previous year[5]. - Total liabilities decreased from RMB 1,516,366,659.72 to RMB 1,457,544,427.06, indicating a reduction of about 3.9%[13]. - Total current assets as of March 31, 2025, amounted to RMB 768,125,375.36, a decrease from RMB 818,804,576.77 as of December 31, 2024, reflecting a decline of approximately 6.2%[12]. - Total non-current assets as of March 31, 2025, were RMB 689,419,051.70, slightly down from RMB 697,562,082.95[13]. - Total equity attributable to shareholders was CNY 1,032,806,776.14, a decrease from CNY 1,041,175,072.95 in the previous year[14]. Receivables and Inventory - The company's accounts receivable increased by 43%, amounting to an increase of ¥671,000, primarily due to subsidies for the "Winter Travel to Tibet" program[7]. - Accounts receivable increased to RMB 22,458,758.79 from RMB 15,751,763.07, showing a growth of approximately 42.5%[12]. - Prepaid accounts increased by 261%, reflecting a rise of ¥539,000 corresponding to the growth in tourism service business[7]. - Other receivables surged by 1,083%, with an increase of ¥5,129,000 due to early payments for scenic area revenue sharing and loans to subsidiaries[7]. - The total inventory remained relatively stable, with a slight decrease from RMB 9,833,517.42 to RMB 9,801,218.51[12]. Borrowings and Financial Expenses - Short-term borrowings decreased by 50%, down by ¥5,000,000 due to repayment of maturing loans[7]. - The company's short-term borrowings decreased significantly from RMB 100,061,246.61 to RMB 50,000,000.00, a reduction of approximately 50%[13]. - The company’s financial expenses decreased to CNY 319,972.31 in Q1 2025 from CNY 1,563,132.19 in Q1 2024[17]. Shareholder Information - The company reported a total of 28,787,748 shares held by its largest shareholder, Tibet Guofeng Cultural Development Co., Ltd.[10]. - The company has not identified any other relationships among shareholders beyond those disclosed, indicating a lack of additional related party transactions[10]. Other Information - The company completed the sale of Jiangxi Xinyi equity, resulting in a 54% increase in net profit attributable to shareholders, amounting to an increase of ¥1,068,000[7]. - The company plans to sell 80% of its stake in Jiangxi Xinyi Tourism Development Co., Ltd., with the sale process already completed as of December 2024[11]. - The company did not apply new accounting standards starting from 2025[24].