*ST西域(300859) - 2021 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of 2021 was ¥72,669,722.13, representing a 280.47% increase compared to ¥19,099,912.43 in the same period last year[21]. - The net profit attributable to shareholders for the first half of 2021 was ¥17,528,098.13, a significant turnaround from a loss of ¥23,599,985.79 in the previous year, marking a 174.27% improvement[21]. - The net cash flow from operating activities reached ¥43,327,272.48, compared to a negative cash flow of ¥18,421,147.95 in the same period last year, reflecting a 335.20% increase[21]. - Basic earnings per share for the first half of 2021 were ¥0.11, compared to a loss of ¥0.20 per share in the previous year, indicating a 155.00% improvement[21]. - The company reported a net profit after deducting non-recurring gains and losses of ¥17,644,912.83, compared to a loss of ¥25,219,887.28 in the same period last year, marking a 169.96% improvement[21]. - The total operating revenue for the first half of 2021 was CNY 72,669,722.13, a significant increase from CNY 19,099,912.43 in the same period of 2020, representing a growth of approximately 280%[139]. - The total operating costs for the first half of 2021 were CNY 55,137,406.67, compared to CNY 44,820,442.27 in the first half of 2020, indicating an increase of about 23%[139]. - The net profit for the first half of 2021 was CNY 17,451,083.97, a turnaround from a net loss of CNY 23,956,379.09 in the same period of 2020[141]. - The total comprehensive income for the first half of 2021 was 18,718,659.16 CNY, showing a significant recovery from a net loss of 17,369,937 CNY in the same period of 2020[165]. Assets and Liabilities - The total assets at the end of the reporting period were ¥734,761,326.66, a slight increase of 0.12% from ¥733,902,588.42 at the end of the previous year[21]. - The total assets of the company reached RMB 734,761,326.66, showing a slight increase from RMB 733,902,588.42 at the end of 2020[134]. - The company's total liabilities decreased to RMB 107,901,526.60 from RMB 124,493,872.33, representing a reduction of approximately 13.3%[134]. - The total liabilities decreased to CNY 96,809,081.07 from CNY 114,928,450.04, reflecting a reduction of approximately 16%[138]. - The total equity attributable to the owners of the parent company increased to RMB 627,163,641.37 from RMB 609,635,543.24, reflecting a growth of about 2.6%[134]. - The total equity increased to CNY 677,090,696.02 from CNY 658,372,036.86, showing a growth of about 2%[138]. - The company's total liabilities decreased, contributing to an overall improvement in financial stability[154]. Cash Flow - The company's cash and cash equivalents increased by 241.91% to ¥78,873,365.67, compared to a decrease of ¥55,578,960.18 in the same period last year, attributed to increased operational income[43]. - The company achieved a cash and cash equivalents balance of CNY 246,330,691.21 at the end of the reporting period, up from CNY 25,190,197.85 at the end of the previous year[149]. - The cash inflow from financing activities was CNY 27,000,000.00, while cash outflow was CNY 11,633,125.36, resulting in a net cash flow of negative CNY 11,633,125.36[152]. - The net cash flow from operating activities generated a net inflow of CNY 43,327,272.48, a substantial improvement from a net outflow of CNY 18,421,147.95 in the first half of 2020[148]. - The net cash flow from investing activities was CNY 47,170,833.04, an improvement from a negative CNY 49,376,702.54 in the previous period[152]. Business Operations - The company operates in the tourism industry, focusing on the development and management of scenic spots, with a competitive advantage in Xinjiang[29]. - The company has a complete tourism business chain, integrating various elements of tourism services[29]. - The tourism market in Xinjiang is rapidly recovering, with significant growth potential driven by increasing consumer spending on travel[33]. - The company has diversified its business by developing multiple tourism projects, including interval buses, cable cars, and dining services, to meet various visitor needs[39]. - The company holds a 36.22% stake in Turpan Flaming Mountain Tourism Co., and a 20% stake in Xinjiang Natural Fragrance Agricultural Technology Co., indicating a strategy of cross-regional integration and diversification in tourism projects[39]. Risk Management - The company emphasizes the importance of risk management and has outlined potential risks and countermeasures in its report[5]. - The company faces risks related to insufficient self-owned capital and the need for higher operational and talent resource requirements due to business expansion[71]. - The company plans to optimize its tourism business layout and enhance service capabilities to mitigate financial risks[71]. - The company aims to improve talent recruitment, training, and retention mechanisms to meet the higher demands of its expanding operations[71]. - The company faces uncertainty in operations due to the ongoing impact of the COVID-19 pandemic, despite effective domestic control measures[72]. - The company has implemented cost reduction and efficiency improvement strategies to enhance operational efficiency and core competitiveness[72]. Shareholder Information - The company has not distributed cash dividends or issued bonus shares for the reporting period[6]. - The company has not implemented any employee stock ownership plans or other incentive measures during the reporting period[82]. - The largest shareholder, Xinjiang Tianchi Holdings, holds 38.25% of the shares, totaling 59,287,500 shares[117]. - The company has 12,697 ordinary shareholders at the end of the reporting period[117]. Legal and Compliance - The company reported a significant lawsuit involving a first-instance judgment requiring payment of 3 million yuan to plaintiffs, with a total amount involved in the case being 20.12 million yuan[95]. - The company has successfully resolved a lawsuit, resulting in the unfreezing of 20.12 million yuan in bank deposits[96]. - The company has not undergone any bankruptcy restructuring or received any non-standard audit reports during the reporting period[93][92]. Future Plans - The company plans to continue expanding its market presence and investing in new technologies to enhance growth prospects[154]. - The company aims to enhance its operational efficiency through technological advancements and strategic partnerships[162]. - The company plans to strengthen internal control management and improve service quality to mitigate delisting risks[72].