Sante(SZ:002159)2022-04-29 16:00Financial Performance - The company reported a plan not to distribute cash dividends, issue bonus shares, or increase capital from reserves[5]. - The company's operating revenue for 2021 was ¥434,567,644.07, representing a 7.21% increase from ¥405,354,213.35 in 2020[21]. - The net profit attributable to shareholders was -¥173,849,712.87, a decrease of 709.55% compared to a profit of ¥28,521,111.29 in 2020[21]. - The net cash flow from operating activities decreased by 29.17% to ¥95,745,843.00 from ¥135,168,555.90 in the previous year[21]. - The total assets at the end of 2021 were ¥2,551,982,760.79, down 5.93% from ¥2,712,996,633.18 at the end of 2020[22]. - The net assets attributable to shareholders decreased by 15.54% to ¥1,221,164,850.94 from ¥1,445,849,465.14 in 2020[22]. - The basic earnings per share for 2021 was -¥0.98, a decline of 566.67% from ¥0.21 in 2020[21]. - The company reported a total of ¥67,993,699.47 in non-recurring gains and losses for 2021, compared to ¥188,949,710.07 in 2020[28]. - The company experienced a significant decline in the net profit from operations, with a quarterly breakdown showing a loss of -¥166,802,516.53 in Q4 2021[26]. Business Operations - The company has not made any changes to its main business since its listing[20]. - The company’s actual controller remains Mr. Ai Luming despite changes in the controlling shareholder[20]. - The company has built and operated over 20 cable cars since 1995, establishing itself as a leader in the domestic tourism cable car industry[36]. - The company has diversified its business into multiple tourism sectors, including natural scenic spots, hotels, hot springs, and theme parks, across nine provinces in China[40]. - The company has established a comprehensive investment, construction, and operation capability in tourism projects, enhancing its external expansion ability through mergers and acquisitions[51]. - The company has developed a diversified product system with over 150 products across 30 sub-sectors, focusing on eco-themed parks and innovative experiences[53]. Market Trends - In 2021, domestic tourism in China saw a total of 3.246 billion trips, an increase of 367 million trips or 12.8% compared to the previous year, recovering to 54.0% of 2019 levels[32]. - Domestic tourism revenue reached 2.92 trillion yuan, up by 690 billion yuan or 31.0% year-on-year, recovering to 51.0% of 2019 levels[32]. - The average spending per trip was 899.28 yuan, an increase of 125.14 yuan or 16.2% year-on-year[32]. - The average travel radius for urban and rural residents during the 2021 National Day holiday was 141.3 kilometers, a decrease of 71.7 kilometers or 33.66% year-on-year[33]. - The age group of 19-25 years accounted for 45% of holiday travelers in 2021, indicating a shift towards younger consumer demographics in the tourism market[33]. Risk Management - The company does not foresee any major risks affecting its normal operations[4]. - The company faces risks from major pandemics, natural disasters, and policy changes that could impact operations and financial performance[112][113]. - Financial risks include potential declines in revenue due to the pandemic, necessitating strict cost control and diversified financing channels[115]. - The company has established a risk prevention and resolution emergency team to address non-operating fund occupation issues, successfully recovering all occupied funds and interest from the controlling shareholder by the report date[123]. Governance and Compliance - The company has implemented a comprehensive internal control system to enhance risk prevention capabilities and ensure compliance with operational regulations[124]. - The company has actively engaged with stakeholders, including banks and employees, to promote sustainable development and protect their rights[121]. - The company has not encountered significant discrepancies between its governance practices and the regulations set forth by the China Securities Regulatory Commission[122]. - The company has conducted training for its board and management on relevant laws and regulations to strengthen compliance awareness[123]. - The company has maintained transparency in information disclosure, adhering to legal requirements and publishing a social responsibility report[121]. Community Engagement and Sustainability - The company emphasizes sustainable development, integrating ecological and cultural resource protection into its tourism project development since 2003[170]. - The company achieved an average income increase of 80,000 RMB per household for over 100 local farmers through tourism resource utilization in 2021[180]. - The company invested over 133,000 RMB in community improvement and training programs in Huashan Town for rural revitalization efforts[181]. - The company provided employment opportunities for over 200 villagers through its tourism projects, with 65 individuals engaged in tourism-related jobs[180]. - The company donated 200,000 RMB to the Beijing Entrepreneurs Environmental Protection Foundation, focusing on biodiversity conservation projects[177]. Future Plans - The company aims to maintain high-quality sustainable development amidst uncertainties in 2022, focusing on strategic optimization[102]. - The company plans to enhance its core competitiveness by upgrading products and services while exploring new products and business models[102]. - The company aims to strengthen its brand value by building an IP matrix and establishing strategic partnerships with new target enterprises[103]. - The company plans to expand urban tourism by addressing shallow demand and low consumption, creating a combination of traffic, revenue, and quality projects[107]. - Key investment projects, such as the Zhuhai Jingshan project, are on track for completion and operation by 2022, with a focus on developing ecological theme parks[109].