XAYS(SZ:000721)2020-04-14 16:00Financial Performance - The company's operating revenue for 2019 was CNY 500,457,531.65, an increase of 0.89% compared to CNY 496,037,286.92 in 2018[21]. - The net profit attributable to shareholders of the listed company was a loss of CNY 47,150,837.67, a decrease of 597.91% compared to a profit of CNY 9,469,836.60 in 2018[21]. - The net cash flow from operating activities was a negative CNY 33,751,788.39, down 577.81% from CNY 7,063,900.49 in the previous year[21]. - The basic earnings per share were -CNY 0.0945, a decline of 597.37% from CNY 0.0190 in 2018[21]. - The company's total revenue for the four quarters was as follows: Q1: ¥134.92 million, Q2: ¥127.28 million, Q3: ¥132.01 million, Q4: ¥106.25 million[26]. - The net profit attributable to shareholders for the four quarters was: Q1: -¥10.78 million, Q2: -¥5.75 million, Q3: -¥7.15 million, Q4: -¥23.47 million[26]. - The net cash flow from operating activities for the four quarters was: Q1: -¥4.78 million, Q2: -¥11.17 million, Q3: -¥16.84 million, Q4: -¥33.75 million[26]. - The company achieved a total operating revenue of ¥500,457,531.65, representing a year-on-year increase of 0.89%[48]. - The net profit attributable to shareholders was -¥47,150,837.67, a decline of 597.91% compared to the previous year[48]. Assets and Liabilities - Total assets at the end of 2019 were CNY 1,103,595,553.38, a decrease of 13.33% from CNY 1,273,364,983.31 at the end of 2018[23]. - The net assets attributable to shareholders of the listed company were CNY 615,474,859.00, down 7.39% from CNY 664,601,115.53 in 2018[23]. - Cash and cash equivalents decreased to 218,152,870.75 yuan, representing 19.77% of total assets, down from 29.68% at the beginning of the year, a decrease of 9.91%[70]. - Short-term borrowings increased significantly to 110,133,521.00 yuan, which is 9.98% of total assets, up from 4.02% at the beginning of the year, an increase of 5.96%[70]. - The company reported a decrease in long-term borrowings to 47,879,098.60 yuan, which is 4.34% of total assets, down from 10.07% at the beginning of the year, a decrease of 5.73%[70]. Operational Strategy - The company has experienced a significant decline in both revenue and profit, indicating potential challenges in its operational strategy moving forward[21]. - The company aims to enhance its market position by focusing on transformation and upgrading, improving product quality, and expanding marketing efforts[39]. - The company is actively seeking partnerships and exploring capital operations to leverage its resources and market platform[48]. - The company is implementing a dual-driven development strategy focusing on the restaurant industry and food manufacturing, aiming to adapt to modern diversified consumer demands[90]. - The company plans to enhance its food industry by leveraging its old brand characteristics and developing distinctive tourism and leisure products, gradually forming a product system centered on tourism and leisure[90]. Market and Revenue Growth - The online takeaway revenue grew by 105% year-on-year, indicating a significant breakthrough in this segment[47]. - The food manufacturing segment saw a sales revenue increase of 17.74% year-on-year, focusing on key products and enhancing quality control[48]. - The restaurant service revenue was ¥376,217,001.56, accounting for 75.17% of total revenue, but decreased by 1.45% year-on-year[50]. - Total revenue from dining services amounted to ¥247,596,610.81, accounting for 73.00% of operating costs, with a year-on-year increase of 1.81%[1]. - The company expects a revenue growth of 10% for the upcoming fiscal year, projecting a target revenue of 1.32 billion RMB[177]. Corporate Governance and Management - The company has engaged Sigma Accounting Firm for internal control audit services, with a fee of 300,000 CNY[104]. - The company has established a governance structure that complies with relevant laws and regulations, ensuring independent operations of the board and management[190]. - The company has a commitment to corporate governance and transparency in its operations[173]. - The company has held three shareholder meetings during the reporting period, implementing separate voting for minority shareholders[190]. - The company has a diverse management team with various professional backgrounds, including senior management in the hospitality industry[173]. Social Responsibility and Community Engagement - The company actively fulfilled social responsibilities, including donations to local welfare institutions and environmental protection initiatives[128]. - The company has been actively involved in poverty alleviation efforts, including one-on-one assistance to impoverished households in Zhangnanbang Village[130]. - The company organized volunteer activities themed "Learning from Lei Feng, Contributing to Development," providing essential supplies to the elderly and promoting community cleanliness[129]. - In 2019, the company invested 51.63 thousand yuan in road construction and installed 80 solar street lights to improve local infrastructure[131]. - The company hosted events like the "Spring Whistle Music Festival" to promote rural tourism and increase local income from agricultural products[131]. Changes in Control and Ownership - The actual controller of the company changed from the Xi'an State-owned Assets Supervision and Administration Commission to the Xi'an Qujiang New District Management Committee during the reporting period[20]. - The company is undergoing a significant change in control due to the transfer of state-owned shares, with 15.00% of shares being transferred to the Overseas Chinese Town Group[133]. - The company has received approval from the China Securities Regulatory Commission for the exemption of mandatory tender offer obligations due to the transfer of state-owned assets[136]. - The total number of shares before the recent changes was 499,055,920, with 12.68% being restricted shares[142]. - The largest shareholder, Xi'an Tourism Group, holds 21.04% of the shares, totaling 105,000,000 shares[151]. Future Plans and Investments - The company plans to leverage opportunities from the 2020 National Games in Xi'an and promote cultural tourism integration[87]. - The company is investing 50 million RMB in technology development to enhance customer service and operational efficiency[177]. - The company is considering strategic acquisitions to enhance its service offerings and expand its customer base[177]. - The company plans to establish five centers, including a brand culture marketing center and a logistics distribution center, to enhance management[87]. - The company is expanding its e-commerce sales channels by integrating existing brand resources and building its own membership system and e-commerce platform to meet diverse consumer needs[90].