TIBET TOURISM(SH:600749)2023-03-30 16:00Financial Performance - The net profit attributable to shareholders for 2022 was -29,380,621.07 CNY, with a net profit after deducting non-recurring gains and losses of -37,181,516.77 CNY[7]. - The parent company's net profit for 2022 was 1,807,070.15 CNY, with an undistributed profit at the beginning of the year of -63,320,779.32 CNY, and an available profit for distribution at the end of the year of -61,513,709.17 CNY[7]. - The company will not distribute profits or increase capital reserves for the year 2022 due to the negative net profit situation[7]. - The company's operating revenue for 2022 was CNY 120.70 million, a decrease of 30.53% compared to CNY 173.73 million in 2021[26]. - The net profit attributable to shareholders of the listed company in 2022 was CNY -29.38 million, compared to CNY -8.06 million in 2021[26]. - The basic earnings per share for 2022 was CNY -0.1322, down from CNY -0.0363 in 2021[27]. - The total assets at the end of 2022 were CNY 1.36 billion, a decrease of 11.07% from CNY 1.53 billion at the end of 2021[26]. - The company reported a net cash flow from operating activities of CNY -2.85 million in 2022, a significant decline from CNY 42.23 million in 2021[26]. - The weighted average return on equity for 2022 was -2.907%, a decrease from -0.7831% in 2021[27]. Corporate Governance - The company has received a standard unqualified audit report from the accounting firm Xin Yong Zhong He[9]. - The company’s board of directors and supervisory board members have confirmed the authenticity, accuracy, and completeness of the annual report[9]. - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[9]. - The company has not violated decision-making procedures for providing guarantees to external parties[9]. - The company held one annual general meeting and two extraordinary general meetings during the reporting period to ensure compliance with legal requirements and maintain shareholder rights[91]. - The board of directors has actively participated in meetings and provided clear opinions on significant matters, ensuring diligent governance[92]. - The company has established a robust information disclosure management system to ensure timely and accurate communication with investors[92]. - The company maintains independence from its controlling shareholders in terms of operations, finance, and business activities[95]. - The company has revised its governance documents to align with regulatory requirements and support its operational development[96]. - The company has not faced any rejected proposals during its shareholder meetings, indicating a consensus among shareholders[99][100]. Strategic Development - The company’s strategic development and operational plans mentioned in the report do not constitute a substantive commitment to investors, highlighting investment risks[8]. - The company aims to stabilize its core business while dynamically adjusting its operational strategies in response to market conditions[37]. - The company is focusing on creating cultural and tourism products to enhance customer retention and long-term engagement[40]. - The company aims to enhance its core competencies in resource integration and brand expansion through continuous improvement and risk management[52]. - The company plans to leverage improved transportation infrastructure, including the opening of the Lalin Railway and the new terminal at Lhasa Gonggar Airport, to boost tourism in the region[84]. - The company is committed to creating a differentiated customer acquisition strategy and enhancing marketing efforts through new media and partnerships to ensure performance targets are met[85]. - The company plans to monitor and adjust its investment strategies based on regulatory changes and market conditions[156]. Market and Product Development - The company launched new tourism products and improved its product system, focusing on differentiated consumer needs and enhancing customer acquisition[37]. - The company integrated resources in the Linzhi area to enrich its core attraction product system, including the launch of new quality routes and experiences[37]. - The second quarter saw a noticeable increase in customer flow and operating performance due to innovative experience products well-received by tourists[37]. - The company is developing a smart tourism platform to enhance operational efficiency and improve customer service experiences[56]. - The company is exploring the development of virtual tourism products to enrich its product offerings and cater to diverse customer preferences[84]. - The company aims to enhance its product structure and optimize its offerings to improve overall profitability, focusing on flow-type products and new product development tailored to different customer needs[84]. Environmental and Social Responsibility - The company has invested 2.36 million CNY in environmental protection during the reporting period[141]. - The company has prioritized the use of new energy vehicles and new fuels in its operations, contributing to energy conservation and resource recycling[144]. - In 2022, the company implemented carbon reduction measures, including the procurement of new energy buses and boats, significantly lowering carbon emissions[145]. - The company has created 61 new jobs in Tibet in 2022, supporting local employment and income generation[151]. - The company has donated a total of 320,000 yuan in 2022, including 50,000 yuan for educational support and 270,000 yuan in medical supplies for remote areas[149]. - The company emphasizes the importance of local cultural preservation and has developed tourism products that reflect the unique cultural heritage of the Tibetan region[147]. Financial Management - The company has committed to transparency in its operations, as evidenced by the legal opinions provided by Beijing Guofeng Law Firm during shareholder meetings[99][100]. - The company is focused on maintaining its financial health by managing idle funds and ensuring compliance with financial regulations[99]. - The company has a cash dividend policy that remains unchanged during the reporting period[127]. - The company has implemented a dual salary policy, linking performance assessments to compensation for management and staff[125]. - The company reported a total of 1,624.62 million yuan in impairment provisions for the year, including 1,131.41 million yuan for credit impairment and 493.21 million yuan for goodwill impairment[127]. Related Party Transactions - The total amount of related party transactions for the year reached CNY 2,011.99 million, compared to CNY 1,172.95 million in the previous year, indicating a year-over-year increase of approximately 71.5%[170]. - The approved transaction limit for related party transactions was CNY 3,000 million, of which only 67% was utilized, showing that the company is operating well within its approved limits[170]. - The company incurred CNY 600.74 million in related party procurement transactions, a significant increase from CNY 1,312.82 million in the previous year, reflecting a decrease of approximately 54%[171]. - The company has committed to not using its position to gain preferential treatment in business dealings with related parties[156]. - The company will ensure compliance with legal requirements for related party transactions and information disclosure[156]. Litigation and Compliance - The company reported a litigation case involving five construction contract disputes with an amount of CNY 12.1024 million, resulting in a settlement payment of CNY 1.1 million[165]. - The company has not encountered any significant accounting errors or non-compliance issues during the reporting period[161]. - The company has not faced any bankruptcy reorganization matters during the reporting period[168]. - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[162]. - The company has faced regulatory warnings from the Shanghai Stock Exchange regarding its actual controller and related parties, prompting measures to resolve historical issues with over 30 employees[168].