西安旅游(000610) - 2020 Q4 - 年度财报

Dividend and Financial Stability - The company plans to distribute a cash dividend of 0.12 CNY per 10 shares to all shareholders, based on a total of 236,747,901 shares[4]. - The company has a registered capital of 236,747,901 CNY, reflecting its financial stability[4]. - The cash dividend for 2020 is proposed at RMB 0.12 per 10 shares, totaling RMB 2,840,974.81, which represents 7.56% of the net profit attributable to shareholders[98][100]. Business Operations and Strategy - The company has undergone several changes in its business scope, including tourism product development and hotel management, reflecting its strategic focus on the tourism sector[15]. - The company is actively involved in the management of scenic spots and hotel management, indicating a commitment to enhancing its service offerings in the tourism industry[15]. - The company has expanded its business operations to include travel agency services and tourism resource development as of August 2020[15]. - The company has a comprehensive business model that includes restaurant services, real estate development, and tourism-related activities[15]. - The company aims to improve its market competitiveness and brand influence to become a leading tourism company in the western region of China[87]. - The company plans to leverage its brand and resources to enhance capital operations and project expansion in 2021[87]. - The company is focusing on high-end products and personalized services in its travel agency business, targeting quality customers through cultural tourism integration[88]. - The hotel business plans to add 4 new direct-operated hotels and at least 7 new managed homestays, focusing on enhancing service quality and marketing capabilities[88]. Financial Performance - The company's operating revenue for 2020 was ¥299,367,471.17, a decrease of 65.35% compared to ¥863,920,273.41 in 2019[17]. - The net profit attributable to shareholders in 2020 was ¥37,576,277.91, representing a significant increase of 224.42% from a loss of ¥30,202,176.71 in 2019[17]. - Basic earnings per share for 2020 were ¥0.1587, a turnaround from a loss of ¥0.1276 per share in 2019, marking a 224.37% improvement[18]. - The total assets at the end of 2020 were ¥1,325,718,425.36, an increase of 6.96% from ¥1,239,467,351.81 at the end of 2019[18]. - The net assets attributable to shareholders increased by 4.40% to ¥891,498,805.31 at the end of 2020, compared to ¥853,922,527.40 at the end of 2019[18]. - The company reported a non-operating income of ¥139,797,577.49 in 2020, significantly higher than ¥16,498,827.79 in 2019, primarily due to the disposal of assets[24]. Challenges and Risks - The report highlights potential risks in the company's future development and corresponding countermeasures[4]. - The company's operating revenue for the period was CNY 299.37 million, a decrease of CNY 564.55 million or 65.35% compared to the same period last year, primarily due to the impact of the pandemic on tourism and accommodation revenue[39]. - Operating costs for the period were CNY 283.81 million, down CNY 533.64 million or 65.28% year-on-year, also attributed to the decline in tourism and accommodation revenue[39]. Subsidiaries and Acquisitions - The company established several subsidiaries, including Xi'an Tourism Ecological Commerce Co., Ltd., to enhance its resource integration and operational efficiency[31]. - The company established a new subsidiary, Xi'an Tourism Ecological Trade Co., Ltd., with an investment of 15.3 million yuan, holding 51% stake, included in the consolidated financial statements[107]. - The company also set up Xi'an Xili Yibai Hotel Investment Co., Ltd. with an investment of 42.5 million yuan, holding 85% stake, included in the consolidated financial statements[107]. - The company disposed of its 100% equity in Xi'an Weishui Garden Hot Spring Resort Co., Ltd., which is no longer included in the consolidated financial statements[107]. Social Responsibility and Community Engagement - The company actively engaged in poverty alleviation efforts, including home repairs and educational support for impoverished households[134]. - The company provided rent reductions totaling CNY 6.4004 million for 47 tenants due to the COVID-19 pandemic[132]. - The company signed rent reduction contracts with all affected tenants, demonstrating its commitment to social responsibility[132]. - The company is focused on promoting product sales through online platforms and physical stores to support local industries[134]. Governance and Management - The company has maintained a stable management team with no significant changes reported during the current term[165]. - The governance structure of the company is compliant with the requirements set by the China Securities Regulatory Commission[175]. - The company operates independently from its controlling shareholder, with no interference in decision-making or operations[177]. - The company has established a sound internal control system to enhance management and risk prevention capabilities[175]. Audit and Financial Reporting - The audit report issued a standard unqualified opinion, indicating that the financial statements fairly reflect the company's financial position as of December 31, 2020[193]. - The audit procedures included verifying the internal approval process for the equity sale and confirming the authenticity of the transaction with the buyer[196]. - The company is responsible for preparing financial statements in accordance with accounting standards and ensuring the absence of material misstatements due to fraud or error[200].