TIBET TOURISM(SH:600749)2021-10-28 16:00Financial Performance - The company's operating revenue for Q3 2021 was CNY 54,187,653.39, a decrease of 24.56% compared to the same period last year[3]. - The net profit attributable to shareholders for Q3 2021 was CNY 10,425,853.01, down 66.84% year-on-year[3]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 9,759,021.77, a decrease of 66.95% compared to the same period last year[3]. - The basic earnings per share for Q3 2021 was CNY 0.0469, down 67.06% year-on-year[5]. - The company reported a significant decline in net profit for Q3 2021 due to the resurgence of the pandemic affecting the tourism industry[9]. - Total operating revenue for the first three quarters of 2021 reached ¥139,384,465.39, a significant increase of 47% compared to ¥94,799,781.44 in the same period of 2020[27]. - The company's net profit for the first three quarters of 2021 showed a loss of ¥117,413,388.62, an improvement from a loss of ¥126,362,537.00 in the same period of 2020[23]. - The company’s total comprehensive income for Q3 2021 was CNY 8,765,756.59, compared to a comprehensive loss of CNY 814,686.39 in Q3 2020[29]. Assets and Liabilities - The total assets at the end of Q3 2021 were CNY 1,503,477,043.86, an increase of 9.92% compared to the end of the previous year[5]. - Total assets increased to ¥1,503,477,043.86 as of September 30, 2021, from ¥1,367,733,636.77 at the end of 2020, representing an increase of approximately 9.9%[23]. - Current liabilities decreased to ¥299,076,297.87 from ¥315,318,226.16 in the previous year, showing a reduction of about 5.1%[23]. - Non-current liabilities rose significantly to ¥158,848,189.57 from ¥17,386,435.66, indicating a substantial increase of over 800%[23]. - The company reported a total equity of ¥1,045,552,556.42 as of September 30, 2021, compared to ¥1,035,028,974.95 at the end of 2020, reflecting a slight increase of 1.5%[23]. - The company has a total of $1.03 billion in equity attributable to shareholders, reflecting a stable financial position[38]. Cash Flow - The cash flow from operating activities for the year-to-date period was CNY 22,864,643.62, a decrease of 12.04% compared to the previous year[3]. - Cash flow from operating activities for the first nine months of 2021 was CNY 22,864,643.62, down from CNY 25,995,410.79 in the same period of 2020[32]. - Cash and cash equivalents at the end of Q3 2021 totaled CNY 638,469,652.28, up from CNY 135,478,871.79 at the end of Q3 2020[34]. - The company reported cash inflow from investment activities of CNY 1,119,322,916.41 in the first nine months of 2021, compared to CNY 562,154,766.74 in the same period of 2020[32]. - The net cash flow from financing activities for Q3 2021 was CNY 105,283,642.75, an increase from CNY 63,203,234.26 in Q3 2020[34]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 21,285[11]. - The top 10 shareholders hold a total of 59,933,287 shares, accounting for 26.41% of the company's total share capital[13]. - The top shareholder, Shanghai Jingyao Trading Co., Ltd., holds 26,592,800 shares, accounting for 11.72% of the total shares[13]. - Guofeng Group Co., Ltd. reduced its holdings by 5,906,916 shares through block trading during the third quarter of 2021[14]. - The company repurchased 4,770,000 shares, representing 2.10% of the total share capital, with no changes in holding during the reporting period[14]. Strategic Initiatives - The company plans to acquire 100% equity of Beihai Xinyi Cruise Co., Ltd. through issuing shares and cash payment, which will enhance its marine tourism transportation services[15]. - The company has approved a change in the use of raised funds amounting to 348 million RMB for various tourism project upgrades and digital operation platform construction[17]. - The company has initiated projects to enhance the Yarlung Zangbo Grand Canyon scenic area and other tourist sites, with a total planned investment of 348 million RMB[17]. - The company aims to improve its profitability by overcoming seasonal limitations in the Tibet tourism industry through strategic acquisitions[15]. Other Financial Metrics - The weighted average return on equity for Q3 2021 was 1.0049%, a decrease of 1.98 percentage points compared to the previous year[5]. - The company's inventory as of September 30, 2021, was ¥7,523,978.03, a decrease from ¥7,761,740.91 at the end of 2020, indicating a decline of approximately 3.1%[21]. - The company’s long-term borrowings increased to ¥157,708,900.09 from ¥16,626,019.07, marking a significant rise of over 846%[23]. - The company executed the new leasing standards effective January 1, 2021, impacting financial reporting[40]. - The total liabilities increased by approximately $1.95 million compared to the previous reporting period[38].