锦旅B股(900929) - 2019 Q1 - 季度财报

Financial Performance - Operating revenue for the period was CNY 294,925,325.35, down 6.54% year-on-year[6] - Net profit attributable to shareholders of the listed company was CNY 14,385,877.88, a slight increase of 0.60% compared to the same period last year[6] - Operating profit was CNY 13.87 million, down 32.69% year-on-year[28] - Net profit attributable to shareholders increased by 0.60% to CNY 14.39 million, while net profit excluding non-recurring gains and losses rose significantly by 1,251.10% to CNY 6.29 million[11] - The company’s main business revenue from tourism and related services was CNY 282,985,844.35, with a gross margin of 8.87%, reflecting a year-over-year revenue decrease of 7.37% and a gross margin increase of 2.19 percentage points[31] - The total revenue for the company was CNY 284,652,361.40, with a gross margin of 9.00%, indicating a year-over-year revenue decline of 7.32% but an increase in gross margin by 2.22 percentage points[31] - Total operating revenue for Q1 2019 was CNY 294,925,325.35, a decrease of 6.5% compared to CNY 315,548,278.77 in Q1 2018[49] - Net profit for Q1 2019 was CNY 14,274,898.69, compared to CNY 13,666,018.84 in Q1 2018, reflecting a growth of 4.5%[49] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,416,635,415.11, a decrease of 2.20% compared to the end of the previous year[6] - The total assets as of January 1, 2019, were 1,449,554,455.04 RMB, reflecting a slight increase of 1,074,249.44 RMB compared to the previous year[61] - The total assets were reported at CNY 1,223,394,144.13, with current assets totaling CNY 443,007,547.93[66] - Total liabilities amounted to CNY 584,404,788.79, with current liabilities at CNY 489,296,721.27[62] - The total current liabilities decreased to ¥405,518,340.95 from ¥489,296,721.27, reflecting a reduction of about 17.1%[40] - The company’s total liabilities included accounts payable and accrued expenses amounting to 108,128,351.42 RMB and 64,752,663.41 RMB respectively[61] Cash Flow - The net cash flow from operating activities was negative at CNY -66,594,740.18, compared to CNY -16,747,834.44 in the previous year[6] - Cash flow from operating activities was negative at CNY -66.59 million, worsening from CNY -16.75 million in the same period last year[24] - The cash flow from operating activities for Q1 2019 was negative at -¥66,594,740.18, compared to -¥16,747,834.44 in Q1 2018[55] - The total cash inflow from operating activities was ¥315,989,014.03 in Q1 2019, compared to ¥354,570,459.65 in Q1 2018, reflecting a decrease of 10.9%[55] - Cash outflows for operating activities increased to 108,520,395.04 RMB in Q1 2019, compared to 78,266,114.42 RMB in Q1 2018, marking a 38.7% increase[58] Shareholder Information - The total number of shareholders at the end of the reporting period was 13,396[9] - The largest shareholder, Shanghai Jin Jiang International Hotel (Group) Co., Ltd., held 50.21% of the shares[9] - Total equity attributable to shareholders reached CNY 861,523,048.63, with retained earnings of CNY 294,207,466.73[62] Investment Activities - The company reported a fair value measurement of financial assets totaling CNY 500,331,832.32 at the end of the reporting period, with an initial investment of CNY 347,242,227.86[32] - The investment in Jiangsu Bank resulted in a reportable gain of CNY 27,000,004.05 during the reporting period[32] - The company acquired 745 shares of Huapei Power, generating an investment income of CNY 10,639.36[33] - The overall investment strategy includes monitoring market trends and adjusting holdings based on performance metrics and fair value assessments[32] Other Comprehensive Income - Other comprehensive income increased by 31.96% to CNY 114.82 million, driven by the rise in the fair value of other equity investments[17] - The company reported a significant increase in other comprehensive income, totaling ¥27,000,004.05 in Q1 2019, compared to a loss of ¥46,298,101.70 in Q1 2018[52] Business Strategy - The company is actively restructuring its outbound tourism business and launching new personalized vacation products to enhance market competitiveness[26] - The company committed to ensuring independence in operations and financial reporting following the acquisition of shares from Jinjiang International[34] - The company plans to avoid substantial competition with its subsidiaries as per the commitments made in the acquisition report[33]