JHT(SH:603199)2020-04-28 16:00Financial Performance - The company achieved a net profit of ¥117,024,146.11 for the year 2019, with a statutory surplus reserve of ¥9,455,981.62, resulting in an undistributed profit of ¥107,568,164.49[3] - The total undistributed profit accumulated over the years amounts to ¥670,337,781.68[3] - The proposed cash dividend distribution for 2019 is ¥2.20 per 10 shares, totaling ¥24,349,600, based on 11,068,000 shares[3] - The company's operating revenue for 2019 was CNY 537,219,493.88, representing a 10.70% increase compared to CNY 485,313,932.32 in 2018[19] - The net profit attributable to shareholders for 2019 was CNY 117,024,146.11, a 27.08% increase from CNY 92,086,086.88 in 2018[19] - The net profit after deducting non-recurring gains and losses was CNY 107,009,435.27, up 25.18% from CNY 85,482,486.15 in 2018[19] - The cash flow from operating activities for 2019 was CNY 224,483,668.41, an increase of 27.42% compared to CNY 176,179,683.10 in 2018[19] - The total assets at the end of 2019 were CNY 1,441,498,993.32, reflecting a 10.14% increase from CNY 1,308,822,472.89 at the end of 2018[19] - The net assets attributable to shareholders at the end of 2019 were CNY 1,200,375,260.31, a 9.09% increase from CNY 1,100,343,801.21 at the end of 2018[19] - The basic earnings per share for 2019 were CNY 1.06, representing a 27.71% increase from CNY 0.83 in 2018[20] - The weighted average return on equity for 2019 was 10.18%, an increase of 1.51 percentage points from 8.67% in 2018[20] Revenue Breakdown - Hotel business revenue reached 167.16 million yuan, with a growth of 10.33% compared to the previous year[37] - Cable car business generated 230.87 million yuan in revenue, marking a 16.23% increase year-on-year[37] - Passenger transport business revenue was 90.74 million yuan, reflecting a year-on-year growth of 12.23%[37] - Travel agency business revenue declined to 44.56 million yuan, down 11.38% year-on-year[37] - The main business revenue from tourism services was ¥533,337,926.57, with a year-on-year increase of 10.82%[44] - The gross profit margin for the tourism services sector improved by 1.19 percentage points to 48.20%[46] Corporate Governance - The company has a strong governance structure with all board members present at the board meeting[5] - The company is committed to maintaining accurate and complete financial reporting, as confirmed by the standard unqualified audit report from the accounting firm[5] - The company emphasizes the importance of investor awareness regarding potential risks associated with future plans and development strategies[4] - The company has established a commitment to maintain independent financial operations, including a separate accounting system and independent bank accounts[86] - The company has pledged to uphold the integrity of its financial reporting and decision-making processes, free from external interference[86] Risk Management - The company acknowledges risks from macroeconomic fluctuations and potential policy changes that could impact tourism demand and operational performance[73] - The impact of major pandemics and natural disasters is recognized as a significant risk, with the company implementing emergency response mechanisms to mitigate potential losses[74] - The company faces risks related to limited tourist capacity during peak seasons, which may impact its sustainable development[75] Social Responsibility - The company engaged in a poverty alleviation initiative, providing CNY 50,000 to support infrastructure and agricultural development in San Yi Village[115] - The company emphasized its commitment to social responsibility, ensuring compliance with legal and ethical standards in its operations[117] - The company plans to continue its poverty alleviation efforts, collaborating with local governments to support community development[116] Future Outlook - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 10% to 1.32 billion CNY[142] - The company plans to allocate 200 million CNY for infrastructure improvements in the next fiscal year[142] - Future strategies include enhancing marketing efforts through digital channels, targeting a 15% increase in online bookings[143] - The company is exploring potential acquisitions of local tourism firms to enhance its market presence and service offerings[142] Employee and Management - The total number of employees in the parent company is 1,268, with a combined total of 1,546 employees including major subsidiaries[156] - The company emphasizes employee well-being by providing a healthy work environment and regular health check-ups, enhancing employee satisfaction and loyalty[122] - The company has established a talent development mechanism in collaboration with well-known domestic institutions to enhance employee skills and vitality[122] Financial Management - The company has made adjustments to its financial statements in accordance with new accounting standards, impacting accounts receivable by CNY 10,539.64 and deferred tax assets by -CNY 2,634.91[93] - The company reported a total of 1,200 million RMB in expected related party transactions for 2019, with actual transactions amounting to 827.69 million RMB, representing approximately 69% of the expected amount[102] - The company has invested 330 million RMB in bank financial products, with no overdue amounts reported[106] Shareholder Information - The company plans to distribute cash dividends of no less than 20% of the distributable profits for the years 2017-2019[79] - The company has established a cash dividend policy to ensure stable returns to shareholders while considering long-term development[81] - The total number of ordinary shareholders at the end of the reporting period was 10,668, a decrease from 10,926 at the end of the previous month[125]