JHT(SH:603199)2022-03-28 16:00Financial Performance - The company achieved a net profit of CNY 60,523,299.71 for the year 2021, with an undistributed profit of CNY 55,458,351.51[6] - The cumulative undistributed profit reached CNY 735,142,564.50 by the end of 2021[6] - The company's operating revenue for 2021 was CNY 425,669,227.21, an increase of 24.81% compared to CNY 341,043,065.16 in 2020[23] - Net profit attributable to shareholders of the listed company reached CNY 60,523,299.71, reflecting a growth of 10.95% from CNY 54,549,591.87 in the previous year[23] - The basic earnings per share for 2021 was CNY 0.55, up 12.24% from CNY 0.49 in 2020[24] - The weighted average return on equity increased to 4.83% in 2021, compared to 4.49% in 2020, marking an increase of 0.34 percentage points[24] - The net cash flow from operating activities was CNY 120,125,995.86, a rise of 27.26% from CNY 94,391,328.66 in 2020[23] - Total assets at the end of 2021 amounted to CNY 1,491,159,466.01, representing a 3.93% increase from CNY 1,434,839,417.77 at the end of 2020[23] - The net profit after deducting non-recurring gains and losses was CNY 47,526,898.15, which is a 16.53% increase from CNY 40,784,711.25 in 2020[23] - The total equity attributable to shareholders of the listed company increased to CNY 1,275,755,066.27, a growth of 3.58% from CNY 1,231,624,160.24 in 2020[23] Dividend and Shareholder Returns - The board proposed a cash dividend of CNY 1.70 per 10 shares, totaling CNY 18,815,600 to be distributed to shareholders[6] - The company has established a cash dividend policy, ensuring that at least 20% of the distributable profits are allocated as cash dividends to shareholders from 2020 to 2022[128] - In 2021, the company proposed a cash dividend of 1.70 yuan per 10 shares, totaling 18.82 million yuan distributed to shareholders[128] Operational Developments - The company is focusing on consolidating its existing market channels and enhancing digital production capabilities, with a strategy to deepen community marketing and integrate online and offline sales channels[34] - The company has launched an electronic ticketing system to enhance operational efficiency and visitor experience, aligning with 5A scenic area service standards[36] - Key projects include the completion of the forest crossing trail and the western area of the rural complex project, as well as ongoing development of the Lion Peak scenic area[37][38] - The company is actively recruiting high-education talents and enhancing employee training to build a stable talent pool[39] - The company is advancing several key projects, including the Lion Peak Scenic Area project and the Jiuhua Mountain Traffic Conversion Center, to improve visitor services and capacity[85] Market and Industry Outlook - The tourism industry is expected to recover strongly due to government support and improving pandemic conditions, with the company positioned as a leader in the tourism market[42] - The company anticipates a revenue target of 440 million yuan and a net profit of 70 million yuan for the year 2022[79] - The company aims to enhance its core competitiveness by focusing on five key areas: scenic spots, hotels, cable cars, transportation, and rural comprehensive development[78] - The company is committed to developing a digital tourism regional platform and integrating high-quality tourism resources in Jiuhua Mountain and surrounding areas[78] - The company plans to leverage mergers and acquisitions, equity investments, and brand output to enhance sustainable and cross-regional development capabilities[78] Risk Management and Compliance - The management discussed potential risks in the "Management Discussion and Analysis" section, urging investors to pay attention to investment risks[10] - The company has maintained a transparent governance structure, ensuring compliance with relevant laws and regulations while protecting shareholder interests[92] - The company has not faced any objections from the board members regarding company matters during the reporting period[118] - The company has not identified any risks during the supervisory review of the reporting period[122] - The company acknowledges risks from major pandemics and natural disasters that could adversely affect its performance, particularly during peak tourism seasons[87] Employee and Governance - The total number of employees in the parent company and major subsidiaries is 1,740, with 1,429 in the parent company and 311 in subsidiaries[123] - The employee composition includes 884 production personnel, 189 sales personnel, 428 technical personnel, 63 financial personnel, and 176 administrative personnel[123] - The company emphasizes internal equity in its compensation policy, linking employee performance to remuneration to enhance satisfaction[125] - A three-tier training system has been implemented to improve employee skills, with regular assessments and online learning opportunities[126] - The company has maintained a focus on attracting qualified professionals to its board, enhancing its strategic direction[111] Financial Management and Investments - The company has invested CNY 450 million in bank wealth management products, with no overdue amounts[159] - The company has no issues regarding delisting risks or bankruptcy restructuring[152] - The company has maintained a good integrity status with no significant debts or court judgments unfulfilled during the reporting period[152] - The total amount of entrusted financial management by Agricultural Bank of China, Chizhou branch, reached CNY 90 million with an annualized return rate of 1.82%-3.60%, yielding actual returns of CNY 1,970,630.14[162] - The entrusted financial management amount of CNY 100 million by Industrial and Commercial Bank of China, Chizhou branch, had an annualized return rate of 1.50%-3.50%, resulting in actual returns of CNY 2,368,493.15[162] Acquisitions and Mergers - The company acquired 100% equity of Chizhou JiuHua Mountain Hongyuan Tourism Development Co., Ltd. for ¥10,482.13 million through a non-same control merger[58][68] - The company plans to absorb and merge with Chizhou JiuHua Mountain Hongyuan Tourism Development Co., Ltd., as per the board's resolution[116] - The company completed an acquisition of a local tourism firm for 200 million RMB, aimed at enhancing service offerings[101] Environmental and Social Responsibility - The company has not faced any administrative penalties related to environmental issues and has effectively implemented environmental protection measures[137] - The company has actively engaged in social responsibility, ensuring compliance with laws and maintaining ethical business practices[138] - The company provided 20,000 yuan in aid to San Yi Village for poverty alleviation efforts, contributing to infrastructure development[141] - The company emphasizes employee well-being, offering a safe working environment and regular health check-ups[140]