ZTG(SZ:000430)2023-04-24 16:00Financial Performance - The company's operating revenue for 2022 was ¥132,467,997.16, a decrease of 33.34% compared to ¥198,709,253.63 in 2021[18]. - The net profit attributable to shareholders for 2022 was -¥260,046,049.00, representing a decline of 92.37% from -¥135,178,062.10 in the previous year[18]. - The basic earnings per share for 2022 was -¥0.64, a decrease of 93.94% from -¥0.33 in 2021[18]. - The total profit for 2022 was a loss of CNY 275,510,521.51, compared to a loss of CNY 164,223,969.27 in the previous year[198]. - The company's financial expenses increased significantly to CNY 59,571,307.55 in 2022 from CNY 28,650,310.70 in 2021, primarily due to interest expenses rising to CNY 59,807,659.07[198]. - The total comprehensive income for 2022 was a loss of CNY 258,817,999.00, worsening from a loss of CNY 144,088,662.10 in 2021[198]. Cash Flow and Assets - The net cash flow from operating activities was -¥15,704,747.12, which is a 26.21% increase in cash outflow compared to -¥12,442,893.40 in 2021[18]. - Total assets at the end of 2022 amounted to ¥2,861,679,525.70, reflecting a slight increase of 0.73% from ¥2,840,860,164.04 at the end of 2021[18]. - The company's cash and cash equivalents increased to RMB 27.374 million from RMB 12.282 million at the beginning of the year, indicating a significant improvement in liquidity[190]. - The total current assets decreased to RMB 48.673 million from RMB 92.788 million, indicating a reduction in overall asset liquidity[190]. Revenue Breakdown - The revenue after deducting non-core business income was ¥129,837,833.48, down from ¥196,583,003.14 in 2021[18]. - The travel agency service sector generated ¥30,226,063.13, accounting for 22.82% of total revenue, down 24.69% year-on-year[37]. - The tourism passenger transport industry reported revenue of ¥51,269,960.33, representing 38.70% of total revenue, a decline of 32.32% from the previous year[36]. - The hotel service sector's revenue was ¥6,559,524.10, down 32.24% year-on-year, maintaining a stable revenue share of 4.95%[37]. Operational Challenges - The company has reported a continuous operating capability uncertainty as indicated in the audit report[18]. - The company highlighted potential risk factors in its future development outlook section[3]. - The company experienced a significant increase in interest expenses, totaling CNY 58.34 million, up 113.19% from CNY 27.36 million in the previous year[32]. - The company reported a net loss of CNY -150.51 million from the Dayong Ancient City project, an increase in loss of 79.90% compared to the previous year[32]. Strategic Initiatives - The company plans not to distribute cash dividends or issue bonus shares for the year[4]. - The company aims to optimize performance assessment and enhance the linkage between performance and effectiveness in its operations[33]. - The company will deepen marketing innovation and reform to increase revenue, focusing on optimizing structural layout and enhancing personnel motivation[67]. - The company plans to implement a performance evaluation system with an 80% focus on profit completion indicators, linking it to overall employee compensation[65]. Governance and Management - The company has maintained a stable board composition with no significant changes in shareholding among directors during the reporting period[78]. - The management team remains consistent, with no reported layoffs or significant turnover among senior executives[79]. - The company has committed to improving its governance structure and ensuring efficient operations through enhanced internal controls and regular training[69]. Community Engagement - The company actively participated in community service activities, organizing 12 events related to public health and safety, and established 6 volunteer service teams[125]. - In 2022, the company supported rural revitalization projects with funding of 290,000 yuan for various villages, contributing to a collective economic income of 135,800 yuan, a 171.6% increase year-on-year[126]. Future Outlook - In 2023, the company plans to achieve operating revenue of 374.29 million yuan, an increase of 182.55% compared to the previous year, and aims for a net profit loss reduction of 47.90% to -135.25 million yuan[64]. - The company expects a revenue growth of 10% for the upcoming fiscal year, projecting a total revenue of approximately 1.32 billion RMB[88]. - The company is exploring potential acquisitions of smaller tourism firms to diversify its service offerings and increase market share[88].