CBMT(SH:603099)2023-04-19 16:00Financial Performance - The company reported a comprehensive income decrease of ¥57,385,619.31 for the period[1]. - The company's operating revenue for 2022 was approximately ¥194.65 million, a slight increase from ¥192.54 million in 2021, representing a year-on-year growth of 1.10%[124]. - The revenue after deducting non-core business income for 2022 was approximately ¥193.86 million, up from ¥191.72 million in 2021, reflecting a growth of 1.12%[124]. - The basic earnings per share for 2022 was -0.22 CNY, a decrease of 15.79% compared to -0.19 CNY in 2021[126]. - The diluted earnings per share for 2022 was also -0.22 CNY, reflecting the same percentage decrease of 15.79% from the previous year[126]. - The net profit attributable to shareholders for Q3 2022 was -34,573,947.98 CNY, while Q4 2022 showed a recovery with a net profit of 46,112,098.01 CNY[128]. - The company's net profit attributable to shareholders was -57,385,619.31 RMB, showing a decrease of 11.17% compared to the previous year[150]. - The net assets attributable to shareholders decreased by 6.15% to 906,203,602.32 RMB at the end of 2022[150]. - Total assets decreased by 3.32% to 1,070,291,673.14 RMB compared to the end of 2021[150]. - The net cash flow from operating activities for Q3 2022 was -21,996,473.09 CNY, indicating challenges in cash generation during that period[128]. - The net cash flow from operating activities was -5,836,247.92 RMB, indicating a significant decline[150]. - The cash flow from operating activities showed a significant improvement, with a net cash flow of CNY 3.58 million compared to a negative CNY 5.84 million in the previous year[168]. - The cash and cash equivalents at the end of 2022 amounted to 66.50 million yuan, a decrease of 50.21 million yuan or 43.02% year-on-year[194]. - Sales expenses for the year were 7.54 million yuan, a decrease of 2.69 million yuan compared to the previous year, primarily due to reduced advertising costs[194]. - Management expenses increased to 41.62 million yuan, up 671.6 thousand yuan from the previous year, mainly due to increased costs for uniforms and intermediary fees[194]. Special Reserves and Commitments - The special reserve decreased by ¥2,041,215.56 during the reporting period[2]. - The company extracted ¥2,472,513.97 from the special reserve this period[2]. - The company utilized ¥4,513,729.53 from the special reserve during the reporting period[2]. - The company commits to timely and fully disclose any inability to fulfill commitments due to uncontrollable factors, and will apologize to investors while accepting social supervision[50]. - The company will propose supplementary or alternative commitments to protect investors' rights if it fails to fulfill its commitments[56]. - There are no applicable performance commitments or profit forecasts for the reporting period[81]. - The company emphasizes the importance of fulfilling commitments and will take measures to ensure compliance, including potential changes in management roles[62]. - The company has a commitment to protect investor rights and will take necessary actions if commitments are not fulfilled[64]. - The company has committed to strict adherence to its promises regarding share repurchase and will disclose any failures to fulfill these commitments promptly[103]. - The company will compensate investors for losses if the prospectus is found to contain false records or misleading statements, with compensation based on amounts determined by regulatory agencies or negotiated with investors[75]. Compliance and Governance - The company operates under the accounting standards set by the Ministry of Finance, ensuring compliance with relevant regulations[10]. - The financial statements are prepared based on the assumption of going concern, indicating the company's ability to continue operations[10]. - The company has a consolidated financial reporting scope that includes eight subsidiaries, enhancing its operational footprint[10]. - The company follows a cost method for long-term equity investments, ensuring accurate valuation of its subsidiaries[24]. - The company capitalizes borrowing costs related to fixed assets that take over one year to construct or produce[37]. - The company measures intangible assets at actual cost, ensuring accurate financial reporting of its investments[39]. - The audit report for the company was issued with a standard unqualified opinion by the accounting firm, indicating a clean financial statement[109]. - The company reported no significant risks that could materially affect its operations during the reporting period[114]. - The company has not experienced any non-operating fund occupation by controlling shareholders or related parties during the reporting period[83]. - The company has not reached any performance commitments that would impact goodwill impairment testing during the reporting period[81]. Market and Strategic Initiatives - The company has been actively involved in the development of new projects, including the Changbai Mountain International Hot Spring Resort[120]. - The company is focusing on expanding cultural and tourism consumption as part of the national strategy[157]. - The Northeast region's tourism development plan aims to establish it as a world-class ice and snow tourism destination[157]. - The company is actively involved in the development of new tourism products and services to enhance market competitiveness[157]. - The company anticipates a positive trend in tourism-related indicators, including travel willingness and consumption expectations[157]. - The company has established a comprehensive management output cooperation model for mountain scenic area management, enhancing its competitive advantage in regional tourism[164]. - The high-speed rail effect is expected to significantly improve transportation efficiency and capacity in the Changbai Mountain area, with travel time from Beijing to Changbai Mountain reduced to 4 hours by 2025[164]. - The winter sports tourism market is experiencing rapid growth, with Changbai Mountain positioned in a prime location for snow tourism, boasting a snow period of 6 months[164]. - The company plans to continue expanding its tourism resources and services, providing more value-added experiences for visitors[164]. - The company holds exclusive operating rights for transportation in three scenic areas of Changbai Mountain, engaging in tourist transport, vehicle rental, and parking management[181]. - The annual production capacity of the Changbai Mountain Julong Hot Spring is 180,000 cubic meters, primarily focusing on the sale of natural volcanic spring water[181]. - The company established a new subsidiary, Zhixing Tourism, in April 2022, specializing in ride-hailing and charter services[181]. - The company is actively expanding its market presence by integrating local tourism resources and enhancing product offerings[200]. - The company collaborates with the InterContinental Hotels Group to operate the Changbai Mountain Crowne Plaza Hot Spring Hotel, which opened in December 2016[186]. Marketing and Outreach - The company achieved an 82% increase in total followers, surpassing 220,000, through enhanced new media marketing efforts[131]. - The company successfully hosted nearly 100 live broadcasts, reaching over 5 million viewers, enhancing its marketing outreach[131]. - The "Snow Flower" outdoor music restaurant was established, contributing to the winter tourism experience and attracting visitors[131].