峨眉山A(000888) - 2023 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2023 was ¥237,708,317.24, representing a 59.57% increase compared to ¥148,971,452.16 in the same period last year[5]. - Net profit attributable to shareholders reached ¥70,155,772.86, a significant increase of 1,486.05% from ¥4,423,295.10 year-on-year[5]. - The net cash flow from operating activities was ¥100,598,691.25, marking a 258.14% improvement from a negative cash flow of -¥63,614,432.09 in the previous year[5]. - The company reported a significant increase in profit from operations, reaching ¥59,211,842.88, compared to a loss of -¥6,790,635.23 in the previous year, indicating a recovery in the tourism market[10]. - Total operating revenue for Q1 2023 reached ¥237,708,317.24, a significant increase of 59.5% compared to ¥148,971,452.16 in the same period last year[25]. - The total profit for the first quarter of 2023 is CNY 59,244,862.52, compared to a loss of CNY 4,515,983.11 in the same period last year[26]. - The net profit attributable to the parent company is CNY 70,155,772.86, an increase from CNY 4,423,295.10 in the previous year[26]. - The operating cash flow for the first quarter is CNY 100,598,691.25, a significant improvement from a negative cash flow of CNY -63,614,432.09 in the same period last year[29]. Assets and Liabilities - The company's total assets at the end of the reporting period were ¥3,160,780,817.87, up 2.59% from ¥3,081,010,187.33 at the end of the previous year[5]. - Total assets as of March 31, 2023, were ¥3,160,780,817.87, compared to ¥3,081,010,187.33 at the beginning of the year, indicating a rise of 2.6%[22]. - Total liabilities decreased to ¥788,731,900.47 from ¥796,173,112.81, showing a reduction of 0.6%[23]. - The company's equity increased to ¥2,372,048,917.40 from ¥2,284,837,074.52, reflecting a growth of 3.8%[23]. Visitor Statistics - The number of visitors received during the reporting period was 1.1422 million, an increase of 75.9% year-on-year, contributing to the revenue growth[10]. Government Support - The company received government subsidies amounting to ¥1,358,983.41 during the reporting period, contributing positively to its financial performance[6]. Shareholder Information - The company's major shareholder, Sichuan Emei Mountain Leshan Giant Buddha Tourism Group Co., holds 171.72 million shares, representing a significant portion of the company's equity[16]. - The top ten unrestricted shareholders collectively hold a total of 222.67 million shares, indicating strong institutional and individual investor interest[16]. Financial Assistance and Loans - The company provided financial assistance of RMB 40 million to its subsidiary Yunnan Tianyou, with an outstanding principal of RMB 31.57 million and interest of RMB 873.41 thousand remaining unpaid, representing 1.73% of the company's unaudited net assets as of the reporting period[16]. - The company approved financial assistance of up to RMB 50 million to Emei Mountain Cloud Tourism Investment Co., with a funding period not exceeding 6 years[17]. - As of March 31, 2023, Emei Mountain Cloud Tourism Investment Co. had drawn RMB 536.18 million from a fixed asset loan, with a remaining balance of RMB 495.42 million[17]. - The company transferred assets related to the "Only Emei Mountain" cultural performance project, valued at RMB 21 million, to Emei Mountain Cloud Tourism Investment Co. during its establishment[18]. - A fixed asset loan agreement was signed for RMB 560 million with a maturity date of December 5, 2036, secured by land use rights and ticket revenue rights[19]. Legal and Risk Management - The company has established a working group to address the overdue financial assistance to Yunnan Tianyou, including legal actions taken to recover the funds[16]. - The company has initiated a lawsuit regarding the overdue financial assistance, with the court acknowledging the case[16]. - The company is actively monitoring the financial health of its subsidiaries to mitigate risks associated with overdue loans and financial assistance[16]. Research and Development - Research and development expenses for Q1 2023 were ¥240,448.99, up from ¥144,421.26, indicating a year-over-year increase of 66.5%[25]. Future Outlook - The company plans to continue expanding its market presence and enhancing its service offerings to capitalize on the recovery in tourism demand[10]. - Future outlook includes plans for market expansion and potential new product development to sustain growth momentum[25]. Cash Flow and Expenses - Cash and cash equivalents increased to ¥1,048,661,835.59 from ¥938,634,307.58, representing a growth of 11.8%[21]. - The company received CNY 276,177,011.16 from sales of goods and services, compared to CNY 129,998,434.68 in the previous year, indicating a growth of approximately 113%[28]. - The total cash outflow from operating activities is CNY 177,557,139.01, down from CNY 203,871,402.35 in the previous year[29]. - The net cash flow from financing activities is CNY 51,886,364.72, compared to CNY 60,805,610.85 in the same period last year[30]. Product Development - The company has not reported any new product launches or technological developments in this quarter[26]. - There are no indications of market expansion or mergers and acquisitions mentioned in the report[26]. Audit Status - The first quarter report is unaudited[31].