CYTS(SH:600138)2023-03-31 16:00Financial Performance - The company's operating revenue for 2022 was approximately ¥6.42 billion, a decrease of 25.69% compared to ¥8.64 billion in 2021[22]. - The net profit attributable to shareholders of the listed company was approximately -¥333.55 million, a significant decline from a profit of ¥21.23 million in 2021, representing a decrease of 1,670.90%[22]. - The net cash flow from operating activities was -¥312.16 million, a decrease of 134.51% compared to ¥904.53 million in 2021[22]. - The total assets at the end of 2022 were approximately ¥17.56 billion, a slight increase of 0.66% from ¥17.45 billion at the end of 2021[22]. - The net assets attributable to shareholders of the listed company decreased by 5.18% to approximately ¥6.02 billion from ¥6.35 billion in 2021[22]. - The basic earnings per share for 2022 was -¥0.46, compared to ¥0.03 in 2021, reflecting a significant decline[23]. - The weighted average return on net assets was -5.40% for 2022, down from 0.34% in 2021, a decrease of 5.74 percentage points[23]. - The company reported a net profit attributable to shareholders was -334 million RMB for the year[31]. - The net profit attributable to shareholders, excluding non-recurring gains and losses, was -417,718,633.90 RMB, a significant decline compared to -114,582,084.22 RMB in the previous year[182]. Revenue Breakdown - In 2022, the company achieved revenue of 10.47 billion yuan in integrated marketing, a year-on-year decrease of 39.56% due to project delays caused by the pandemic[37]. - The hotel business reported revenue of 320 million yuan, down 17.39% year-on-year, while focusing on digital transformation and personalized service to enhance customer experience[39]. - The revenue from scenic area operations fell by 45.08%, with a gross margin of 53.89%[56]. - The company's marketing services revenue declined by 39.56%, while the gross margin for this segment was 27.11%[56]. - The total revenue from tourism products decreased by 14.94% year-over-year, amounting to approximately CNY 332.77 million, which represents 6.18% of total costs[58]. - Integrated marketing services revenue dropped by 40.23% year-over-year, totaling CNY 762.82 million, accounting for 14.16% of total costs[58]. Visitor Statistics - The Wuzhen scenic area received 1.1558 million visitors in 2022, a decline of 68.65% year-on-year[32]. - The Wuzhen scenic area generated revenue of 629 million RMB, down 64.22% compared to the previous year[32]. - The Gubei Water Town scenic area welcomed 1.1295 million visitors, a decrease of 25.70% year-on-year[34]. - The Gubei Water Town generated revenue of 688 million RMB, reflecting a decline of only 10.44% year-on-year[34]. Strategic Initiatives - The company focused on product innovation and service quality enhancement in response to the pandemic[32]. - The company plans to strengthen its marketing strategies by leveraging new channels such as live streaming[33]. - The company aims to improve its reception capacity and service levels by enhancing supporting facilities[33]. - The company is actively pursuing strategic investments, which have provided stable profit contributions during the pandemic[42]. - The company aims to become a "domestic first-class comprehensive tourism service provider" and focuses on enhancing core capabilities in tourism destination investment, operation, and management[78]. - The company plans to enhance its capital operation capabilities by broadening financing channels under the "Capital Integration" action plan[79]. Governance and Compliance - The company is committed to enhancing its governance structure and ensuring compliance with relevant regulations to protect shareholder interests[87]. - The company has a dedicated board of directors and supervisory board to ensure effective oversight and decision-making processes[88]. - The company prioritizes transparent information disclosure and investor relations to foster trust and understanding among stakeholders[90]. - The company has implemented comprehensive internal control measures, with no significant defects identified in design or execution as of the reporting period[91]. - The company maintained strict compliance with insider information management, with no incidents of insider trading reported during the period[93]. Risk Management - The company has established emergency mechanisms to address risks from major pandemics and natural disasters that could impact tourism[84]. - The company reported a significant increase in research and development expenses by 35.31% to CNY 12.65 million[55]. - The company recognizes that the modernization of the tourism industry will require increased innovation and adaptation to new market conditions[76]. Social Responsibility - Total donations for social responsibility projects amounted to CNY 300,000, benefiting 300 individuals[136]. - The company invested CNY 1,170,000 in poverty alleviation and rural revitalization projects, impacting 500 people[136]. - The company actively promotes waste sorting and environmental awareness among tourists in its operations[132]. - The company has a commitment to sustainable development, as indicated by the separate disclosure of its social responsibility report[134]. Shareholder Information - The company has a total of 66,558 common shareholders as of the end of the reporting period, an increase from 63,504[163]. - The report indicates that the actual controller of the company is the State Council, which holds 100% control through China Everbright Group[170]. - The company has not reported any changes in its controlling shareholder during the reporting period[168]. Future Outlook - The company anticipates that the tourism industry will continue to recover, driven by new consumption trends, which will be a significant engine for economic growth[77]. - The company provided a future outlook with a revenue guidance of 1.5 billion RMB for the next quarter, representing a 25% increase compared to the current quarter[104]. - The company plans to implement a new marketing strategy aimed at increasing brand awareness, with a budget allocation of 200 million RMB[104].