Sunasia(SH:600593)2022-04-22 16:00Financial Performance - The company's operating revenue for 2021 was CNY 204,593,681.26, representing a 79.12% increase compared to CNY 114,219,413.43 in 2020[20]. - The net loss attributable to shareholders for 2021 was CNY -197,755,215.63, worsening from a loss of CNY -69,980,644.19 in 2020[21]. - The net cash flow from operating activities increased significantly to CNY 62,136,911.02, up 368.99% from CNY 13,249,150.87 in 2020[21]. - The total assets at the end of 2021 were CNY 2,091,331,519.04, a slight decrease of 0.40% from CNY 2,099,700,770.83 in 2020[21]. - The company's net assets attributable to shareholders decreased by 42.93% to CNY 268,513,194.12 from CNY 470,483,288.81 in 2020[21]. - The basic earnings per share for 2021 was CNY -1.5354, compared to CNY -0.5433 in 2020[22]. - The weighted average return on equity was -53.22% for 2021, down from -13.70% in 2020[22]. - The company did not declare any cash dividends or bonus shares for 2021 due to the lack of profitability[4]. Revenue and Growth - In the first quarter, the company reported revenue of CNY 29.18 million, while the second quarter saw revenue increase to CNY 81.77 million, followed by CNY 81.09 million in the third quarter, and a decline to CNY 12.55 million in the fourth quarter[25]. - The company achieved a total revenue of CNY 205 million during the reporting period, despite the ongoing impact of the COVID-19 pandemic, resulting in a net profit of CNY -198 million attributable to shareholders[30]. - The tourism service segment generated revenue of CNY 186,588,030.86, with a gross margin increase of 38.51 percentage points to 44.27%[70]. - In 2021, revenue from the tourism business increased by 96.75% compared to 2020, driven by the gradual recovery of the tourism service industry and the opening of the Harbin Polar Park Phase II project[71]. - Revenue from scenic area operations grew by 101.59% in 2021 compared to 2020, reflecting the recovery of the tourism service industry[72]. - The company's total revenue from the Northeast region increased by 83.93% in 2021 compared to 2020, as the region gradually recovered from the pandemic[72]. Operational Developments - The company launched two new venues, "Galaxy Star Sea" and "Awesome Tower," enhancing visitor capacity and experience, with "Galaxy Star Sea" featuring eight immersive experience zones and a 180-degree dome cinema[32]. - The second phase of Harbin Polar Park opened, introducing the "Polar Pavilion" and "Dinosaur Pavilion," making it a comprehensive entertainment and cultural destination[33]. - The company upgraded five major venues in Dalian with digital technology, becoming the first 5G smart tourism project in Liaoning Province and achieving full 5G coverage in Dalian's key scenic area[34]. - The company launched the largest immersive performance in a scenic area, "New Era," and introduced three updated versions, enhancing visitor engagement through interactive experiences[35]. - The company introduced the first immersive game "Shark Game" in the oceanarium, along with various interactive performances, to enhance the overall visitor experience[36]. Research and Development - The total R&D investment in 2021 was CNY 198,967.98, accounting for 0.097% of total revenue, with 56.79% of R&D costs capitalized[80]. - Research and development expenses grew by 65.14% to ¥85,964.43, indicating a focus on innovation and development[63]. - The company published nine academic papers and applied for nine patents during the reporting period, emphasizing its commitment to research and development[42]. Employee and Governance - The company maintained its workforce without salary cuts or layoffs during the pandemic, demonstrating a commitment to employee stability[30]. - The total number of employees in the parent company is 290, while the main subsidiaries have 198 employees, resulting in a total of 488 employees[160]. - The company has established a competitive salary policy based on industry standards and company performance, aiming to motivate employees and attract talent[161]. - The company has implemented an annual training plan focusing on new employee onboarding, skill enhancement, and safety training[163]. - The company has a diverse board with members having extensive backgrounds in finance, law, and management, which strengthens its strategic decision-making capabilities[124]. Legal and Compliance Issues - The company is involved in multiple significant lawsuits, including a capital contribution dispute with Jiangsu Cultural Tourism Industry Group, claiming 42 million RMB in damages[184]. - The company has a loan dispute with Liaoning Mike Group, with a judgment requiring repayment of 10 million RMB plus interest[187]. - The company is facing a contract dispute with Whale World (Chunan) Cultural Tourism Development Co., with a claim amounting to 178.99 million RMB[188]. - The company has a pending case regarding a technical development contract with Dalian Ruibo Investment, seeking 21.12 million RMB in damages[189]. - The company has faced regulatory penalties, with Mao Wei fined 1.5 million yuan for undisclosed trading activities from November 2017 to July 2019[192]. Strategic Initiatives - The company plans to focus on long-term development funding needs, as indicated by its decision not to distribute profits for 2021[4]. - The company aims to enhance its competitive advantage through innovative product offerings and market expansion strategies[30]. - The company is expanding its market presence in Southeast Asia, targeting a 25% market share by 2023[126]. - The company plans to enhance customer service capabilities, with an investment of 50 million to improve user experience[126]. - The company is committed to upgrading and innovating its products and services to enhance tourist attraction and mitigate risks from external factors[110]. Environmental and Social Responsibility - The company actively engaged in carbon neutrality projects, becoming the first tourism enterprise in Dalian to incorporate carbon peak and carbon neutrality into its development strategy[46]. - The company is committed to "green development" and has implemented measures to reduce carbon emissions, including the analysis and modification of lighting and temperature control systems[173]. - The company has initiated the "Dalian Shengya Spotted Seal Festival," promoting marine biodiversity and establishing a national-level marine science education base in Dalian[44][45]. - The company actively engaged in public welfare activities, including free admission policies for healthcare workers and special groups, enhancing community support[48].