GTCL(000978)2022-03-30 16:00Financial Performance - Guilin Tourism reported no cash dividends, stock bonuses, or capital reserve transfers for the year[6]. - The company has not disclosed any specific financial performance metrics in the provided documents[14]. - The company's operating revenue for 2021 was ¥238,740,666.57, a decrease of 6.39% compared to ¥255,027,525.93 in 2020[20]. - The net profit attributable to shareholders was -¥212,691,821.12, an improvement of 20.18% from -¥266,454,906.80 in the previous year[20]. - The net cash flow from operating activities was -¥31,131,786.16, showing a 29.98% improvement compared to -¥44,463,268.13 in 2020[20]. - The total assets at the end of 2021 were ¥2,556,072,476.94, a decrease of 4.13% from ¥2,666,294,373.18 at the end of 2020[20]. - The net assets attributable to shareholders decreased by 16.16% to ¥1,103,777,056.06 from ¥1,316,468,877.18 in 2020[20]. - The basic and diluted earnings per share were both -¥0.591, an improvement of 20.14% from -¥0.740 in 2020[20]. - The company reported a total of ¥230,397,879.92 in operating revenue after deducting unrelated business income, which was slightly up from ¥228,977,976.07 in 2020[20]. - The company experienced a significant reduction in non-recurring losses, with a total of ¥7,522,051.30 in non-recurring gains in 2021 compared to ¥102,884,814.17 in 2020[26]. Business Expansion and Strategy - The company plans to expand its business scope to include inbound and outbound tourism services, as well as travel agency operations[18]. - The company is focusing on high-quality development and innovation in the tourism sector as part of the "14th Five-Year Plan" for tourism[31]. - The company aims to enhance domestic tourism and gradually promote inbound tourism as the international pandemic situation improves[31]. - The company is focused on expanding its market presence through the Shengdong Lotus project, which is currently under construction[75]. - The company plans to continue monitoring and adjusting its financial strategies in response to ongoing market conditions and operational challenges[70]. - The company is actively exploring new business models such as "Tourism + Technology" to adapt to changing market dynamics[90]. Visitor Statistics - The total number of visitors received by the company was 4.0254 million, representing a year-on-year increase of 1.78%[40]. - The company's scenic spots received a total of 1.744 million visitors, a year-on-year increase of 29.99%[40]. - The company received 256,000 visitors through its tourism bus services, a year-on-year increase of 51.91%[40]. - The number of visitors received by the company increased by 1.78% year-on-year in 2021, but the second half of the year saw a decline due to the resurgence of COVID-19[41]. Operational Efficiency and Cost Management - Operating costs for the company were CNY 258.46 million, a decrease of 9.65% year-on-year, attributed to the decline in revenue and asset transfers in 2020[42]. - Total operating costs were 447.96 million yuan, down 7.78% year-on-year[97]. - The company has implemented measures to enhance operational efficiency and reduce costs in response to the ongoing pandemic[95]. - The company has established a two-level marketing system consisting of a central service platform and sales departments of subsidiaries to enhance operational efficiency[102]. Corporate Governance and Management - The company maintains independent operations from its controlling shareholder, with clear separation in personnel, assets, finance, and business operations[119]. - The company has a structured and independent board and supervisory committee, ensuring effective governance and compliance with regulations[123]. - The company has committed to improving its performance evaluation and incentive mechanisms for management[116]. - The company actively respects and protects the rights of stakeholders, promoting balanced interests among shareholders, creditors, employees, and customers[116]. Legal and Compliance Issues - Guilin Tourism has been involved in various legal proceedings, with decisions being made in 2020 and 2021 that could influence its financial outlook[199]. - The company has disclosed its legal challenges through public announcements, indicating transparency in its operations[199]. - Guilin Tourism's legal disputes may have financial implications, although specific amounts related to claims were not detailed in the report[199]. Sustainability and Social Responsibility - The company is committed to sustainability initiatives, with plans to reduce carbon emissions by 20% over the next three years[140]. - The company has actively engaged in poverty alleviation efforts by ensuring that all 41 impoverished households in Sanhe Village have purchased new rural cooperative medical insurance, achieving a 100% medical insurance coverage rate[182]. - The company has integrated corporate social responsibility into its development strategy, ensuring compliance with legal regulations and protecting stakeholder interests[178]. Future Outlook - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 15% to 1.725 billion yuan[146]. - The company plans to expand its market presence by entering three new regional markets in 2022, targeting a 10% increase in market share in these areas[200]. - The company is exploring potential mergers and acquisitions to enhance its service offerings, with a focus on acquiring local travel agencies to strengthen its operational capabilities[200].