QJCT(SH:600706)2022-04-26 16:00Financial Performance - The company reported a net profit of -5,054,384.24 RMB for the year 2021, leading to a total accumulated undistributed profit of -21,197,825.13 RMB as of December 31, 2021[5]. - The board of directors decided not to distribute profits for the year 2021 due to the negative undistributed profit[5]. - The company's operating revenue for 2021 was CNY 1,365,356,307.59, representing a 21.76% increase compared to CNY 1,121,378,396.37 in 2020[19]. - The net profit attributable to shareholders for 2021 was CNY 7,405,625.82, a significant recovery from a net loss of CNY 71,598,583.70 in 2020[19]. - The net cash flow from operating activities increased by 299.76% to CNY 189,950,645.35 in 2021, compared to CNY 47,515,772.03 in 2020[19]. - The total assets at the end of 2021 were CNY 3,755,700,815.34, reflecting a 15.13% increase from CNY 3,262,266,891.87 at the end of 2020[19]. - The basic earnings per share for 2021 was CNY 0.03, a recovery from a loss of CNY 0.33 per share in 2020[20]. - The company reported a total of CNY 35,328,840.82 in non-recurring gains for 2021, down from CNY 69,804,303.47 in 2020[26]. - The company achieved a total operating revenue of CNY 1,365,356,307.59 in 2021, representing a year-on-year increase of 21.76%[37]. - The company reported a gross profit margin of 24.16%, which is an increase of 2.62 percentage points year-on-year[45]. Acquisitions and Investments - The company acquired 100% equity of Xi'an Modern Tang Street Management Co., Ltd. from its controlling shareholder, Xi'an Qujiang Cultural Industry Investment (Group) Co., Ltd.[21]. - The company expanded its footprint by acquiring 55% of Wuxi Huipao Sports Co., aiming to synergize cultural, tourism, and sports sectors[31]. - The company invested approximately RMB 190 million in the renovation of the Tang Dynasty Huazhong Hotel, enhancing various facilities to meet diverse traveler needs[30]. - The company acquired a controlling subsidiary, Wuxi Huipao, contributing to revenue growth in the sports projects and landscaping segments[48]. - The company plans to invest in the establishment of a cultural industry park in Jingzhou, with the proposal approved on April 2, 2021[122]. - The company acquired 100% equity of Xi'an Modern Tang Street Management Co., Ltd. for a cash price of 21.0543 million yuan[182]. Market Expansion and Development - The company has not disclosed any plans for market expansion, new products, or mergers and acquisitions in the provided documents[6]. - The company plans to continue expanding its market presence and developing new projects to enhance revenue streams[21]. - The company is focused on expanding its market presence through acquisitions, including the acquisition of a 55% stake in Wuxi Huipao Sports Co., Ltd.[78]. - The company plans to enhance its core capabilities in historical and cultural exploration and transformation, focusing on the integration of culture, commerce, and tourism during the "14th Five-Year Plan" period[92]. - The company aims to comply with national industrial policies and relevant environmental regulations in its operations[158]. Governance and Compliance - The audit report issued by Sigma Accounting Firm was a standard unqualified opinion, ensuring the financial report's authenticity and completeness[8]. - The company emphasized the importance of governance and compliance with relevant laws and regulations to strengthen investor relations management[98]. - The company conducted a total of 123 investor communication activities during the reporting period, including 31 institutional and 92 individual participants[99]. - The company reported no non-compliance or overdue commitments from actual controllers, shareholders, or related parties as of the end of the reporting period[99]. - The company has maintained a stable management structure with no changes in key positions[105]. - The company has a structured decision-making process for determining the remuneration of its directors and senior management, involving the board and shareholders[114]. Employee Development and Welfare - The company emphasizes talent development through various training programs, enhancing employee capabilities and supporting growth[32]. - The company has implemented a comprehensive training program for employees, focusing on various levels of management and specialized skills to enhance overall capabilities[130][132]. - Employee welfare programs include paid training, holiday benefits, and birthday gifts, enhancing job satisfaction and happiness[153]. - The company emphasizes occupational health and safety, conducting regular health check-ups and organizing various recreational activities for employees[154]. Challenges and Risks - The company has acknowledged potential risks in its future development, which are detailed in the management discussion and analysis section[7]. - The tourism industry faced ongoing challenges due to the pandemic, impacting recovery efforts, but the company remains optimistic about future growth[33]. - The company recognizes the ongoing impact of the COVID-19 pandemic as the largest uncertainty affecting the recovery of the tourism industry in 2022[91]. - The company faces risks related to public health events, seasonal factors affecting tourism, and potential uncertainties in project implementation and market conditions[96]. Strategic Initiatives - The company is committed to enhancing brand management and operational efficiency through a systematic approach to brand operation[95]. - The company will explore new development models in the post-pandemic era, leveraging opportunities in the digital economy to optimize its product offerings and industry structure[94]. - The company aims to enhance user engagement through improved customer service and innovative marketing strategies[174]. - The company is investing in new technologies to improve operational efficiency and customer experience in its service offerings[172]. Community Engagement and Cultural Heritage - The company actively protects and promotes intangible cultural heritage in Shaanxi, with "Dongcang Drum Music" recognized by UNESCO as a "Masterpiece of the Oral and Intangible Heritage of Humanity"[151]. - The company organized various charitable activities, such as the "We Are Together" event and the "New Quilt for Mother Earth" initiative, to engage with the community and promote cultural heritage[152]. - In 2021, the company implemented strict pandemic prevention measures across its scenic spots, including comprehensive disinfection and community support initiatives during lockdowns[152]. Financial Management and Reporting - The company has established a cash dividend policy to ensure stable returns to investors, aligning with regulatory guidelines and shareholder interests[134]. - The company reported a significant increase in tax payments, with a rise of 69.42% in tax expenses to ¥51,654,687.11[54]. - The company has no significant litigation or arbitration matters during the reporting period[169]. - The company has no major accounting errors to correct during the reporting period[164].