JHT(SH:603199)2021-04-28 16:00Financial Performance - The company achieved a net profit of ¥54,549,591.87 for the year 2020, with a statutory surplus reserve of ¥4,251,560.56, resulting in an undistributed profit of ¥50,298,031.31[3]. - The total undistributed profit accumulated over the years amounts to ¥696,286,212.99[3]. - The company's operating revenue for 2020 was ¥341,043,065.16, a decrease of 36.52% compared to ¥537,219,493.88 in 2019[20]. - The net profit attributable to shareholders for 2020 was ¥54,549,591.87, down 53.39% from ¥117,024,146.11 in 2019[20]. - The basic earnings per share for 2020 was ¥0.49, a decline of 53.77% compared to ¥1.06 in 2019[20]. - The net cash flow from operating activities for 2020 was ¥94,391,328.66, a decrease of 57.95% from ¥224,483,668.41 in 2019[20]. - The company reported a weighted average return on equity of 4.49% in 2020, down 5.69 percentage points from 10.18% in 2019[20]. - The net profit after deducting non-recurring gains and losses for 2020 was ¥40,784,711.25, a decrease of 61.89% from ¥107,009,435.27 in 2019[20]. - The total assets at the end of 2020 were ¥1,434,839,417.77, a slight decrease of 0.46% from ¥1,441,498,993.32 at the end of 2019[20]. - The company's net assets attributable to shareholders increased by 2.60% to ¥1,231,624,160.24 at the end of 2020 from ¥1,200,375,260.31 at the end of 2019[20]. Dividend and Shareholder Information - The board proposed a cash dividend of ¥1.50 per 10 shares, totaling ¥16,602,000 to be distributed to shareholders[3]. - The company has a total of 11,068,000 shares outstanding, which serves as the basis for the proposed dividend distribution[3]. - The total number of ordinary shareholders at the end of the reporting period was 10,330, a decrease from 10,861 at the end of the previous month[120]. - The largest shareholder, Anhui Jiuhua Mountain Cultural Tourism Group, holds 36,109,376 shares, representing 32.63% of the total shares[121]. - Anhui High-tech Industry Investment Co., Ltd. is the second-largest shareholder with 16,267,338 shares, accounting for 14.70%[121]. Operational Highlights - The company operates multiple subsidiaries, including transportation and hotel services, enhancing its service offerings in the tourism sector[10]. - The company operates six hotels and three cable car services, maintaining a dominant position in the local mid-to-high-end market[27]. - The company operates six travel agencies, leveraging local tourism resources to develop stable customer sources and marketing networks[30]. - The company has exclusive rights for passenger transport within the scenic area, providing a stable income source[31]. - The company has developed an online tourism platform, "JiuHua Tourism 603199," which has rapidly grown and serves as a comprehensive service platform for regional tourism[30]. Risk Management and Compliance - The company emphasizes the importance of risk awareness in its forward-looking statements, urging investors to pay attention to investment risks[4]. - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[5]. - The company has received a standard unqualified audit report from Rongcheng Accounting Firm[5]. - There are no violations of decision-making procedures regarding external guarantees[6]. - The company is committed to maintaining a safe environment for tourists and employees, adhering to strict safety production responsibilities[76]. Cost Management - Total cost for the tourism service industry decreased by 28.91% from the previous year, amounting to ¥196,370,015.45[3]. - Hotel business costs were ¥115,392,217.84, representing 58.76% of total costs, down 22.83% year-over-year[3]. - The company reported a significant decrease in travel agency costs by 60.50%, amounting to ¥15,898,784.03[3]. - Sales expenses decreased by 28.71% to ¥20,218,660.89 from ¥28,362,609.87 in the previous year[53]. - Management expenses were reduced by 22.41% to ¥59,059,631.77 compared to ¥76,114,821.77 in the previous year[53]. Future Outlook and Strategic Initiatives - In 2021, the company aims to achieve an operating income of 430 million CNY and a net profit of 70 million CNY[72]. - The company is focusing on product innovation and enhancing brand quality to navigate the challenges posed by the pandemic[34]. - The company is actively exploring high-quality tourism resources in the Chizhou area to prepare for future all-domain tourism destination development[41]. - The company plans to enhance its transportation services and improve public infrastructure to elevate visitor experience[74]. - The company is committed to sustainable development through project investments, including the Five Streams Mountain Resort project[74]. Social Responsibility and Community Engagement - The company has committed to a poverty alleviation fund of 30,000 yuan to support local development initiatives[109]. - The company is actively participating in the "Thousand Enterprises Help Thousand Villages" initiative, focusing on integrating its resources with local advantages[108]. - The company donated 1.5 million yuan to support the frontline of the COVID-19 pandemic in Chizhou, reflecting its commitment to social responsibility and community support[114]. - The company has a commitment to social responsibility, actively engaging in community support and development[111]. Governance and Management - The company has established a comprehensive transportation network, solving the "last mile" issue for tourists[68]. - The company has established a complete corporate governance structure to ensure operational independence[88]. - The company operates independently from its controlling shareholder in terms of business, personnel, assets, and finances[153]. - The management team has extensive experience in various sectors, contributing to the company's strategic direction[136]. - The total pre-tax remuneration for the board members and senior management during the reporting period amounted to CNY 549.73 million[134].