Sante(SZ:002159)2023-04-07 16:00Financial Performance - The company's operating revenue for 2022 was ¥256,187,521.94, a decrease of 41.05% compared to ¥434,567,644.07 in 2021[21]. - The net loss attributable to shareholders for 2022 was ¥77,013,438.92, an improvement of 56.14% from a loss of ¥173,849,712.87 in 2021[21]. - The net cash flow from operating activities increased by 48.68% to ¥143,018,190.02 in 2022, compared to ¥95,745,843.00 in 2021[22]. - The total assets at the end of 2022 were ¥1,872,206,392.75, reflecting a decrease of 28.05% from ¥2,551,982,760.79 at the end of 2021[22]. - The company reported a basic earnings per share of -¥0.43 in 2022, improving by 56.57% from -¥0.98 in 2021[22]. - The revenue after deducting non-operating income for 2022 was ¥239,997,895.08, down from ¥415,756,477.03 in 2021[22]. - The company experienced a significant quarterly revenue drop in Q4 2022, reporting only ¥31,914,660.61 compared to higher revenues in previous quarters[26]. - The net profit attributable to shareholders in Q3 2022 was ¥11,677,194.05, contrasting with losses in other quarters[26]. - The company has faced uncertainty regarding its ability to continue as a going concern, as indicated by the negative net profit figures over the past three years[22]. - The company’s gross margin for the tourism sector was 25.67%, down from the previous year, with a revenue decrease of 42.27%[62]. Business Operations - The company’s main business has not changed since its listing[19]. - The company operates a diverse range of tourism products, including scenic transportation, sightseeing, experiential activities, accommodation, and commercial services, with a focus on ecological theme parks[38][39][40][41][42][43]. - The company has established over 20 cable car lines since 1995, positioning itself as a leading player in the domestic tourism cable car industry[34]. - The company has established a nationwide presence with projects in 9 provinces, including Shaanxi, Guizhou, Hainan, Inner Mongolia, Hubei, Zhejiang, and Guangdong, achieving a brand chain operation model[38]. - The company is strategically positioned as an ecological theme park operator, leveraging over 30 years of experience in the domestic tourism market[46]. - The company has developed a diversified product system with over 150 products across 30 sub-sectors, focusing on eco-themed parks and immersive experience projects to stimulate new profit growth[50]. Market Conditions - The domestic tourism industry saw a total of 2.04 trillion yuan in revenue in 2022, a decrease of 30.0% year-on-year, with total tourist numbers dropping to 2.53 billion, down 22.1%[30]. - The company anticipates a recovery in the tourism market in 2023, with an expected 45.5 billion domestic tourist visits, a 73% increase year-on-year[31]. - The overall tourism market is expected to focus on "revitalization and recovery" in 2023, with various government initiatives aimed at boosting cultural and tourism consumption[100]. Investment and Expansion - The company plans to transfer 26,551,295 shares to GaoKe Group, which will result in GaoKe Group holding 21.05% of the company, becoming the controlling shareholder[20]. - The company is exploring external expansion opportunities through mergers and acquisitions to enhance profitability[48]. - The company is currently developing new projects and technologies to enhance market expansion and operational efficiency[58]. - The company has ongoing projects such as Qiandao Lake and Monkey Island, which are expected to become new growth points upon completion[58]. - The company invested CNY 29.2 million in the "Cloud Shang Fan" cultural tourism project, completing preliminary agreements and market research[170]. Risk Management - The company has stated that there are no significant risks affecting its normal operations[4]. - The company faces risks from adverse weather and natural disasters, which can significantly impact tourist flow and operations[108]. - The company is exposed to policy risks that may affect financing, project resources, and operational performance due to changes in tourism and environmental regulations[109]. - The company recognizes market risks from increasing competition and changing consumer behavior in the tourism industry[110]. - The company is addressing financial risks by enhancing revenue, controlling costs, and optimizing investment planning[111]. Corporate Governance - The company has established a risk prevention and resolution emergency team to address non-operating fund occupation issues by related parties, successfully recovering all occupied funds by April 24, 2022[118]. - The board of directors consists of 9 members, including 3 independent directors, ensuring compliance with legal regulations and company bylaws[115]. - The company has implemented measures to strengthen internal control systems and enhance compliance awareness among management personnel[119]. - The company maintains independence from its controlling shareholders in terms of assets, personnel, and financial operations, ensuring no conflicts of interest[120]. - The company has a structured approach to information disclosure, adhering to legal requirements and ensuring transparency for investors[117]. Community Engagement and Sustainability - The company is actively involved in community engagement and sustainable tourism practices[160]. - The company provided over 800 hours of training in 2022, focusing on safety production, technical skills, and service quality[144]. - The company conducted tourism service skills training for 29 local residents to enhance employment opportunities in the tourism sector[171]. - The company donated CNY 20,000 in drought relief aid to severely affected villages during the summer drought in Jiangkou County[167]. - The company rescued over 40 rare animals as part of its commitment to wildlife conservation[167]. Shareholder Relations - The company held an investor online reception day on June 16, 2022, discussing its operational status and strategic development direction[28]. - The annual shareholders' meeting on May 20, 2022, had a participation rate of 47.42%, approving multiple reports and proposals, including the 2021 annual financial report[121]. - The company emphasizes investor relations management, utilizing various communication methods to enhance engagement with investors[116]. Compliance and Internal Control - The company has reported no significant internal control deficiencies during the evaluation period[153]. - The internal control system has been enhanced, focusing on risk management and compliance, with training provided to management personnel[150]. - The company has implemented measures to improve its internal control system and supervision mechanisms to prevent similar issues from occurring in the future[197]. - The company has not faced any administrative penalties for environmental issues during the reporting period[159].