CAISSA TOURISM(SZ:000796)2019-08-30 16:00Financial Performance - The company's operating revenue for the first half of 2019 was approximately ¥3.45 billion, a decrease of 8.46% compared to the same period last year[25]. - The net profit attributable to shareholders was approximately ¥62.44 million, down 18.54% year-on-year[25]. - The net profit after deducting non-recurring gains and losses was approximately ¥17.51 million, a significant decrease of 76.74% compared to the previous year[25]. - The net cash flow from operating activities was negative at approximately -¥199.37 million, a decline of 906.50% from the same period last year[25]. - The basic earnings per share were ¥0.0778, down 18.53% year-on-year[25]. - The company's tourism business achieved revenue of 2.924 billion yuan in the first half of 2019, a year-on-year decrease of 8.61% due to the divestiture of a subsidiary and a significant decline in revenue from the East China region[57]. - The overall gross margin for the tourism business was 12.09%, down 1.27% year-on-year, influenced by increased marketing efforts to maintain market share amid macroeconomic changes[57]. - The food business generated revenue of CNY 524.38 million, down 6.37% year-on-year, with a gross margin of 39.80%[67]. - The tourism service segment reported revenue of CNY 2.92 billion, a decline of 8.61% year-on-year, with a gross margin of 12.09%[67]. - Total revenue for the company reached CNY 2,923,622,463, with a net profit of CNY 53,067,250[89]. Assets and Liabilities - Total assets at the end of the reporting period were approximately ¥5.90 billion, a decrease of 3.33% from the end of the previous year[25]. - The net assets attributable to shareholders increased by 1.71% to approximately ¥2.25 billion compared to the end of the previous year[25]. - Accounts receivable increased to ¥1,245,650,109.08, representing 21.12% of total assets, up from 17.68% in the previous year[74]. - Inventory decreased to ¥12,090,311.19, accounting for 0.21% of total assets, down from 0.25%[74]. - Investment properties dropped to ¥11,203,040.47, now 0.19% of total assets, down from 1.28%[74]. - Long-term equity investments rose to ¥26,675,115.57, representing 0.45% of total assets, an increase from 0.26%[74]. - Fixed assets decreased to ¥216,995,200.24, making up 3.68% of total assets, down from 3.90%[74]. - Short-term borrowings reduced to ¥644,299,283.23, which is 10.93% of total assets, down from 12.35%[74]. - The company’s net cash and cash equivalents decreased by 80.17% to approximately CNY -280.89 million, influenced by operational, investment, and financing activities[67]. Strategic Initiatives - The company has established partnerships with over 80 domestic and international airlines and 11 global cruise companies, enhancing its resource control[41]. - The company offers over 20,000 high-end travel products across more than 120 countries and regions, focusing on cultural integration in tourism[41]. - The company has developed a comprehensive marketing and service network covering over 200 high-end commercial centers in more than 50 cities globally[40]. - The company is actively expanding its sports tourism segment, leveraging its experience in organizing events for major international sports competitions[48]. - The company has launched 12 specialized sub-brands to cater to various travel needs, including group tours, customized travel, and adventure tourism[41]. - The company aims to provide integrated online and offline travel services, enhancing customer experience through standardized service delivery[48]. - The company has been recognized as the ticketing and reception service provider for the Chinese Olympic Committee for the 2019-2020 period[48]. - The company has established a global strategic presence with reception companies in cities such as Hamburg, Munich, Frankfurt, Paris, London, and Los Angeles, and has partnered with over 100 overseas reception agencies across various continents[50]. - The company has developed a professional visa service brand, "Visa Global," covering 105 countries and regions, and is one of the few agencies capable of self-delivering visas in major cities like Beijing and Shanghai[52]. - The company has opened its eighth overseas branch in Tokyo, Japan, as part of its strategy to enhance global market presence and provide integrated services[58]. Risk Management - The company faces risks such as intensified market competition and exchange rate fluctuations[7]. - The company is addressing risks related to market competition, service quality, food safety, and exchange rate fluctuations[90][94]. - The company has established a comprehensive quality management system to ensure service and food safety across all operational stages[93]. Corporate Governance - The company emphasizes the importance of accurate financial reporting and has taken responsibility for the report's content[5]. - The company will not distribute cash dividends or issue bonus shares for the half-year period[99]. - The half-year financial report has not been audited, indicating a need for further financial scrutiny[100]. - The company has not undergone any bankruptcy reorganization during the reporting period[103]. - The company has not experienced any penalties or rectifications during the reporting period[108]. - The company has not implemented any employee stock ownership plans or other incentive measures during the reporting period[110]. - The company confirmed that its controlling shareholder and actual controller have not been listed in any violation or dishonesty records[109]. - The company did not experience any changes in its controlling shareholder during the reporting period[189]. - The company reported no changes in its actual controller during the reporting period[189]. Legal and Compliance - The company reported a loss of RMB 6,214,548 due to a lawsuit from Meijia Charter Company for breach of contract, claiming damages for unpaid amounts[104]. - The company is currently involved in a legal dispute regarding the exclusive rights to operate a specific flight route[104]. - The company engaged in related party transactions amounting to RMB 49,565.4 million, representing 17.17% of similar transactions[111]. - The actual amount of related party transactions for purchasing goods and services was RMB 8.09 billion and RMB 2.52 billion for sales during the reporting period[117]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 34,602[177]. - HNA Tourism Group Co., Ltd. held 28.35% of the shares, totaling 227,640,608 shares, with a reduction of 5,072,720 shares during the reporting period[177]. - Caesar Segar Tourism Management Co., Ltd. owned 25.13% of the shares, amounting to 201,774,088 shares[182]. - The company had a total of 10,800 restricted shares at the beginning of the period, with 2,700 shares released during the reporting period, leaving 8,100 restricted shares at the end[176]. - The company engaged in a repurchase transaction involving 3,040,000 shares, which accounted for 0.38% of the total share capital[186]. - The number of shares held by GIC Private Limited decreased by 5,471,187 shares during the reporting period, representing a 25.6% reduction[182]. Social Responsibility and Sustainability - The company has invested CNY 17.7 million in tourism poverty alleviation projects, focusing on three specific projects[161]. - The company has developed new tourism products in Hebei and Xinjiang to support local tourism resources and promote poverty alleviation[159]. - The company emphasizes a "green tourism" approach, promoting animal-friendly tourism practices and ceasing elephant riding and performance products in Southeast Asia and South Asia[152]. - The company aims to create high-quality tourism destinations in impoverished areas by leveraging its 20 years of industry experience and consumer data[156]. - The company has engaged in environmental protection initiatives, promoting green office practices and responsible tourism among its employees and customers[152].