*ST凯撒(000796) - 2021 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2021 was ¥939,943,076.83, a decrease of 41.78% compared to ¥1,614,569,000.28 in 2020[27]. - The net profit attributable to shareholders for 2021 was -¥689,774,420.35, showing a slight improvement of 1.22% from -¥698,270,068.22 in 2020[27]. - The net cash flow from operating activities was -¥84,654,019.91, a decline of 127.48% compared to ¥308,065,022.32 in 2020[27]. - The total assets at the end of 2021 were ¥3,431,759,274.78, down 22.83% from ¥4,447,291,783.45 at the end of 2020[30]. - The net assets attributable to shareholders decreased by 85.66% to ¥135,182,894.20 from ¥942,655,013.90 in 2020[30]. - The basic earnings per share for 2021 was -¥0.8590, a slight improvement of 1.33% from -¥0.8706 in 2020[27]. - The weighted average return on net assets was -127.99% in 2021, a significant decline from -40.17% in 2020[27]. - The company reported a total of ¥40,680,306.34 in government subsidies for 2021, down from ¥51,893,450.01 in 2020[37]. - The company experienced a net loss from debt restructuring amounting to -¥202,996,703.15 in 2021[37]. Business Operations - The main business has evolved from retail to aviation food and railway catering, with tourism service management added in 2015[25]. - The company faced risks including intensified market competition, quality control issues, and exchange rate fluctuations[6]. - The company launched over 5,000 domestic travel routes, focusing on local leisure cultural products and short-distance travel[41]. - The company offers over 20,000 self-developed tourism products covering 152 countries and regions globally[45]. - The company has established 12 railway catering operation bases, providing high-quality dining services for three railway bureaus[42]. - The catering business generated ¥484.57 million, accounting for 51.55% of total revenue, with a slight increase of 3.43% year-over-year[71]. - The tourism service segment saw a significant decline, with revenue of ¥353.56 million, down 65.99% from ¥1.04 billion in 2020[71]. - The food and beverage business experienced substantial growth, achieving ¥80.90 million, a 133.09% increase from ¥34.71 million in the previous year[71]. Market Trends - In 2021, domestic tourism in China reached approximately 3.246 billion trips, a year-on-year increase of 12.75%, recovering to 54.05% of 2019 levels[41]. - The airline industry in China saw a passenger transport volume of 440 million, a year-on-year growth of 5.5%, recovering to 66.8% of 2019 levels[42]. - The railway passenger volume increased by 16.9% to 2.533 billion people, recovering to 70.78% of 2019 levels[42]. Strategic Initiatives - The company aims to innovate in the new retail sector, focusing on personalized and quality-driven offerings[47]. - The company has formed strategic partnerships with major banks and enterprises to enhance brand influence and product promotion[53]. - The company is actively exploring overseas market collaborations and cultural exchange activities with destinations like South Korea and the UAE[53]. - In 2021, the company completed a strategic shift towards domestic tourism, expanding product categories and launching high-quality themed travel products such as "Red Travel" and "Caesar Family Camp" to cater to user needs[59]. - The company has established a strong supplier management system, ensuring cost control and service quality, which supports its leading position in the industry[54]. Governance and Management - The company has a complete independent business, asset, personnel, organization, and financial system, demonstrating its capability for independent market operations[134]. - There were significant personnel changes during the reporting period, including the resignation of several directors and senior management due to internal adjustments[142]. - The company’s CEO, Jin Ying, has been in position since October 13, 2020, while the current president, Luo Zhipeng, took office on March 17, 2022[142]. - The company has appointed independent directors and has a diverse board composition, including both male and female members[138]. - The company has undergone significant changes in its governance structure, which may impact its strategic direction moving forward[145]. Compliance and Internal Control - The company emphasizes the importance of accurate financial reporting and has received a qualified audit opinion from its accounting firm[6]. - A significant internal control deficiency was identified, impacting the effectiveness of financial reporting controls as of December 31, 2021[188]. - The internal control audit report issued by the accounting firm expressed a negative opinion due to the identified significant deficiencies[188]. - The company has established and is implementing internal control systems across various management categories, ensuring alignment with operational goals[181]. Future Outlook - In 2022, the company will focus on deepening the domestic tourism market, especially in surrounding travel and local leisure cultural products, to meet changing consumer preferences[121]. - The catering segment will expand catering stations at regional airports and strengthen its own brand exposure in the airline catering business[121]. - The new retail segment will enhance channel construction and marketing promotion, planning to launch high-quality tropical fruit beverages such as pineapple and mango juice[121]. - The company aims to leverage the Hainan Free Trade Port policy to expand its tourism, food and beverage, and new retail sectors[121].