HSTD(SH:900942)2022-08-26 16:00Financial Performance - The company's operating revenue for the first half of 2022 was ¥214,104,335.16, a decrease of 53.53% compared to ¥460,752,596.42 in the same period last year [20]. - The net profit attributable to shareholders was -¥172,198,575.00, representing a decline of 599.11% from ¥34,500,986.16 in the previous year [20]. - The net cash flow from operating activities was -¥123,051,633.99, a decrease of 344.04% compared to ¥50,422,330.11 in the same period last year [20]. - The basic earnings per share for the first half of 2022 was -¥0.2361, down 599.15% from ¥0.0473 in the previous year [21]. - The weighted average return on net assets was -4.13%, a decrease of 4.94 percentage points from 0.81% in the same period last year [21]. - The company reported a comprehensive loss of CNY 186,467,077.22 for the first half of 2022, compared to a comprehensive income of CNY 27,738,435.74 in the same period of 2021 [116]. - The company reported a net profit of -101,438,391.36 RMB for the first half of 2022, compared to a net profit of 48,922,758.53 RMB in the same period of 2021, indicating a significant decline [119]. - The total operating revenue for the first half of 2022 was CNY 214,104,335.16, a decrease of 53.6% compared to CNY 460,752,596.42 in the same period of 2021 [114]. Visitor Statistics - The number of visitors entering the mountains decreased by 65.99% due to the impact of the COVID-19 pandemic, which significantly affected revenue [21]. - In the first half of 2022, the company received 333,600 visitors at Huangshan Scenic Area, a decrease of 647,300 visitors or 65.99% compared to the same period last year [37]. - The tourism industry remains a strategic pillar of the national economy, with ongoing opportunities for growth despite sensitivity to external factors [27]. Risk Management - The company has detailed potential risks in the report, urging investors to pay attention to investment risks [7]. - The report emphasizes the importance of risk awareness for investors in light of forward-looking statements [6]. - The company faces risks from the tourism industry due to economic downturns and natural disasters, impacting market demand [65]. - The company plans to accelerate the implementation of its "Mountain Water Village Cave" and "Tourism+" strategies to mitigate risks and enhance competitiveness [66]. Strategic Initiatives - The company is focused on future development strategies, although specific numerical forecasts are not provided in the report [6]. - The company launched ten major revitalization measures to enhance market vitality and promote cultural tourism consumption [38]. - The company is advancing smart tourism initiatives, integrating local tourism resources and launching a one-stop service platform for visitors [32]. - The company is focusing on digital transformation by linking blockchain technology to enhance customer experience and improve operational efficiency [40]. Financial Position - The total assets at the end of the reporting period were ¥5,065,353,435.30, a decrease of 1.65% from ¥5,150,077,687.08 at the end of the previous year [20]. - The net assets attributable to shareholders decreased by 5.92% to ¥4,040,908,558.96 from ¥4,295,170,053.73 at the end of the previous year [20]. - The company's cash and cash equivalents decreased by 55.70% to ¥812,275,809.72, down from ¥1,833,581,895.95 in the previous year [52]. - Long-term borrowings increased significantly to ¥144,607,038.55, a rise of 5,409.72% compared to ¥2,624,580.00 in the previous year [53]. Corporate Governance - The board of directors confirmed the authenticity, accuracy, and completeness of the semi-annual report, with no false records or misleading statements [8]. - The semi-annual report has not been audited [8]. - The financial statements were approved by the board of directors on August 26, 2022, indicating a structured governance process [143]. Subsidiaries and Acquisitions - The company has a total of 47 subsidiaries, with ownership stakes ranging from 46.75% to 100% [145][146]. - The company transferred 100% equity of Huishang Guli Cultural Development Group Co., Ltd. to its wholly-owned subsidiary, which was completed on March 7, 2022 [57]. - The company acquired 40.85% of Huangshan Liubai Monkey Kwei Tea Co., Ltd. for 55.1475 million RMB, completed on January 26, 2022 [57]. - The company purchased 51.01% of Huangshan Yunji Real Estate Co., Ltd. for 181.36 million RMB, completed on June 9, 2022 [58]. Community Engagement - The company actively participated in poverty alleviation and rural revitalization efforts, helping 26 households and 61 individuals [81]. - The collective economy of the assisted village generated over 100,000 yuan in revenue through targeted assistance measures [82]. - The company conducted offline consumption assistance, purchasing over 50,000 jin of fruits and vegetables to support local farmers [81]. Environmental Initiatives - The company implemented environmental protection measures, including upgrading sewage treatment facilities and promoting waste classification in scenic areas [78]. - The company invested in clean energy equipment to reduce carbon emissions and promote energy-saving initiatives [80].