HSTD(SH:600054)2023-04-14 16:00Financial Performance - The company's operating revenue for 2022 was CNY 799,904,722.90, a decrease of 10.65% compared to CNY 895,205,492.93 in 2021[23]. - The net profit attributable to shareholders was CNY -131,972,554.68, representing a decline of 403.59% from CNY 43,470,966.41 in the previous year[23]. - The net cash flow from operating activities was CNY 21,335,960.39, down 77.26% from CNY 93,834,094.07 in 2021[23]. - The basic earnings per share decreased significantly due to the decline in visitor numbers, impacting revenue and profit[25]. - The weighted average return on net assets decreased, primarily due to the decline in visitor numbers and related revenue[25]. - Basic earnings per share for 2022 was -0.18 yuan, a decrease of 400% compared to 0.06 yuan in 2021[47]. - Diluted earnings per share for 2022 was also -0.18 yuan, reflecting a 400% decline from the previous year[47]. - The weighted average return on net assets was -3.15% in 2022, down 4.17 percentage points from 1.02% in 2021[47]. - The company reported a total comprehensive income of RMB -15,703,472.35 for 2022, down from RMB 80,759,629.83 in 2021[188]. Visitor Statistics - The number of visitors to the mountain decreased by 16.56% year-on-year, significantly impacting revenue and profit[24]. - The company received a total of 1.3969 million visitors at Huangshan Scenic Area, a decrease of 277,300 visitors or 16.56% compared to the previous year[65]. - The total number of visitors transported by cable cars was 3.0895 million, down by 531,200 visitors or 14.67% year-on-year[65]. - Domestic tourism in 2022 totaled 2.53 billion trips, a decrease of 716 million trips or 22.1% year-on-year[78]. Operational Changes and Strategies - The company has established a digital service management system, integrating modules such as paperless meetings and electronic seals, enhancing operational efficiency[56]. - The company launched over 100 live-streaming sales events to boost market activity and promote tourism consumption[56]. - The company has developed a new media matrix with a total of nearly 6 million followers across 16 main brand accounts and 63 sub-brand accounts[56]. - The company is accelerating project construction, with the North Sea Hotel renovation project advancing indoor and outdoor works despite challenges[56]. - The company has implemented a comprehensive reform strategy, optimizing its management control system and enhancing its compensation and performance management frameworks[56]. - The company is integrating smart tourism solutions, including the development of a one-stop service platform for destination tourism[64]. - The company is actively expanding its new retail initiatives, including offline stores and cultural product development[74]. - The company is focusing on digital empowerment to enhance tourism management, services, and marketing[74]. Financial Management and Investments - The company has a strong capital position, allowing for the integration of quality tourism resources in Huangshan and southern Anhui[64]. - The company approved a loan of 38.87 million yuan from its subsidiary to its controlling shareholder, with an interest rate of 3.51% and a repayment term until September 22, 2036[116]. - The company engaged in poverty alleviation efforts, providing support to 26 households and 61 individuals in Tangyue Village, with total donations and assistance amounting to approximately 30,000 yuan[107]. - The company has processed approximately 4,100 tons of waste bricks and tiles into sand and gravel for the Beihai Apartment renovation project[122]. - The company has produced about 1.1 million standard bricks through the recycling of construction waste for the Beihai Hotel environmental remediation project[122]. Environmental Initiatives - The company invested 53.96 million yuan in environmental protection initiatives during the reporting period, focusing on wastewater treatment and waste classification[121]. - The company upgraded its sewage treatment facilities and implemented monthly inspections to ensure compliance with discharge standards[121]. - The company actively promoted waste classification in scenic areas, achieving full coverage of waste classification facilities[121]. - The company prohibited the procurement of certain plastic products and encouraged the use of environmentally friendly alternatives[121]. - The Huangshan Tourism CBD project has been recognized as a "Green Building Demonstration Project" and has applied for the "Comprehensive Application Demonstration Project of Renewable Energy Buildings" in Anhui Province[122]. Shareholder and Dividend Information - The company plans not to distribute cash dividends for 2022 due to the reported losses, aiming to ensure stable development and enhance risk response capabilities[34]. - The company proposed a cash dividend of 1.02 yuan per 10 shares for the 2021 fiscal year, totaling approximately 74.40 million yuan, which represented 171.14% of the net profit attributable to shareholders[98]. - The company’s cash dividend policy requires that cumulative cash distributions over three years must not be less than 30% of the average distributable profit for those years[98]. - The company aims to develop a scientific and stable dividend policy to actively return value to investors in the future[98]. Internal Control and Compliance - The company established a comprehensive and effective internal control system, continuously improving it based on industry characteristics and operational realities, enhancing decision-making efficiency[101]. - The internal control audit report from Rongcheng Accounting Firm confirmed that the company maintained effective financial reporting internal controls as of December 31, 2022[102]. - The company has not reported any major accounting errors or non-standard audit opinions during the reporting period[125]. - The company has not faced any legal violations or penalties affecting its integrity during the reporting period[130].