三峡旅游(002627) - 2021 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2021 was ¥617,592,534.39, representing a 115.69% increase compared to ¥286,338,831.96 in the same period last year[7] - Net profit attributable to shareholders was ¥13,178,138.26, a significant turnaround from a loss of ¥36,900,460.30 in the previous year, marking a 135.71% improvement[7] - Basic and diluted earnings per share improved to ¥0.0232, compared to -¥0.1105 in the same quarter last year, reflecting a 121.00% increase[7] - The weighted average return on equity was 0.59%, up from -1.69% in the previous year, indicating a 2.28% improvement[7] - Net profit for the reporting period saw a significant increase, driven by the recognition of land development income amounting to 39.68 million yuan[19] - Operating profit for the first quarter was CNY 26,111,670.45, a significant improvement from a loss of CNY 37,422,801.50 in the same period last year[54] - Net profit for the first quarter reached CNY 15,078,669.91, compared to a net loss of CNY 37,564,351.79 in the previous year[54] - The company expects a net profit attributable to shareholders of CNY 32 million to CNY 45 million for the first half of 2021, representing a growth of 204.98% to 247.62% compared to the same period last year[30] Cash Flow and Liquidity - The net cash flow from operating activities reached ¥421,324,418.19, a remarkable increase of 449.21% from -¥120,650,606.37 in the prior year[7] - Cash flow from operating activities was CNY 699,117,370.64, significantly higher than CNY 288,143,579.00 in the previous period[61] - Operating cash inflow totaled CNY 1,244,843,075.16, a significant increase from CNY 344,705,292.74 in the previous period[62] - The ending balance of cash and cash equivalents was CNY 761,091,084.90, up from CNY 694,799,085.64 at the end of the previous period[63] - Cash and cash equivalents increased to CNY 805,035,122.62 from CNY 672,930,658.66, reflecting a growth of about 19.63%[43] Assets and Liabilities - Total assets at the end of the reporting period were ¥4,191,036,743.58, down 5.41% from ¥4,430,775,076.82 at the end of the previous year[7] - Total liabilities decreased to CNY 1,818,865,998.45 from CNY 2,072,767,720.82, representing a reduction of about 12.2%[46] - Current liabilities totaled CNY 813,445,097.08, down from CNY 1,075,880,432.65, a decrease of approximately 24.4%[46] - Total current assets as of March 31, 2021, amounted to CNY 2,071,887,489.82, a decrease from CNY 2,298,991,018.11 on December 31, 2020, representing a decline of approximately 9.87%[43] - The company's other receivables decreased significantly from CNY 1,148,188,456.78 to CNY 673,729,884.19, indicating a reduction of approximately 41.38%[43] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 9,877[10] - The largest shareholder, Yichang Transportation Tourism Industry Development Group Co., Ltd., holds 26.86% of the shares, totaling 152,497,377 shares[10] - Net assets attributable to shareholders increased slightly by 0.53% to ¥2,236,575,438.14 from ¥2,224,695,162.41 at the end of the last year[7] Cost Management - Operating costs rose by 253.93 million yuan, reflecting an 84.13% increase, which is lower than the revenue growth rate, indicating effective cost control[17] - Sales expenses increased by 2.48 million yuan, a year-on-year growth of 36.60%, as the 4S stores returned to normal operations after pandemic-related disruptions[18] Investment and Development - The company confirmed the successful public auction of land for the Three Gorges Cruise Center project, with total development costs and value-added income reaching approximately 519.61 million yuan[21] - The company has cumulatively paid CNY 373.69 million for the construction of the East Station Logistics Center Project (Phase II), achieving a project investment progress of 92.47%[28] - The company has paid CNY 509.35 million for the land development project at the Yangtze River Three Gorges Cruise Center, with a funding usage progress of 103.57%[28] Future Outlook - The company anticipates significant growth in its tourism comprehensive service business and road passenger transport business as the domestic pandemic situation improves[30] - The company plans to use up to 1.25 billion yuan of idle raised funds for cash management, ensuring it does not affect the normal use of raised funds[20] - The company has approved the use of up to 400 million yuan of idle self-owned funds for cash management, with a rolling usage period of up to 12 months[20] Compliance and Governance - The company has no reported violations regarding external guarantees during the reporting period[37] - There were no non-operating fund occupations by controlling shareholders or their affiliates during the reporting period[38] - The first quarter report was not audited, which may affect the reliability of the financial data presented[75]