*ST西域(300859) - 2021 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2021 was CNY 149,448,023, representing a 191.96% increase compared to CNY 51,187,079.63 in 2020[19]. - The net profit attributable to shareholders for 2021 was CNY 26,950,982.41, a 162.30% increase from a loss of CNY 43,256,564.36 in 2020[19]. - The net cash flow from operating activities reached CNY 66,403,814, marking a 350.05% increase from a negative cash flow of CNY 26,556,395.92 in 2020[19]. - The basic earnings per share for 2021 was CNY 0.17, compared to a loss of CNY 0.33 per share in 2020, reflecting a 151.52% improvement[19]. - The total revenue for the tourism industry in 2021 was 82,301,664.80 CNY, representing a year-on-year increase of 62.39% compared to 50,680,925.92 CNY in 2020[48]. - The company reported a total revenue of 1.2 billion RMB for the fiscal year 2021, representing a year-over-year increase of 15%[121]. - The company reported a significant increase in total revenue, reaching approximately 1.2 billion yuan, representing a year-over-year growth of 25%[181]. Assets and Liabilities - The total assets at the end of 2021 were CNY 733,900,166.25, showing no significant change from CNY 733,902,588.42 at the end of 2020[19]. - The company’s total assets as of December 31, 2021, were 733.90 million yuan, with a debt-to-asset ratio of 13.28%[36]. - The company’s total assets increased to 2.5 billion RMB, reflecting a growth of 20% compared to the previous fiscal year[121]. Cash Flow and Investments - Operating cash inflows totaled 168,123,248.36 CNY in 2021, a significant increase of 198.25% from 56,370,466.78 CNY in 2020[57]. - Investment cash inflows reached 86,065,439.94 CNY in 2021, a dramatic rise of 20,043.48% from 427,261.95 CNY in 2020[57]. - The company’s cash and cash equivalents increased by 5.23% to 91,223,426.75 CNY in 2021, compared to 86,688,167.51 CNY in 2020[57]. - The company plans to invest 100 million yuan in research and development for new technologies over the next year[182]. Tourism Industry Insights - Domestic tourism in China reached 3.246 billion trips in 2021, an increase of 12.7% compared to the previous year, recovering to 54% of pre-pandemic levels[30]. - The total domestic tourism revenue was 2.92 trillion yuan in 2021, reflecting a growth of 31% year-on-year, but only 51% of the revenue from 2019[30]. - The company operates 237 vehicles for passenger transport in the Tianshan Tianchi scenic area, which is a core part of its business model[33]. - The company anticipates a stronger recovery in the tourism sector as domestic pandemic conditions improve, with a focus on high-quality tourism services[31]. Operational Efficiency and Cost Management - Direct labor costs increased by 60.03% to 34,663,244.84 CNY in 2021, up from 21,660,917.48 CNY in 2020[48]. - Depreciation and amortization expenses rose by 42.90% to 26,842,871.59 CNY in 2021, attributed to new vehicle depreciation and the amortization of operating rights[51]. - Energy and power costs surged by 109.25% to 6,198,578.17 CNY in 2021, driven by increased visitor numbers and operational needs[51]. - The company aims to reduce operational costs by 10% through efficiency improvements and technology upgrades in the upcoming year[166]. Governance and Management - The company has established a governance structure that complies with relevant laws and regulations, ensuring transparency and accountability in its operations[92]. - The company has implemented a performance evaluation and incentive mechanism for its management team to promote fair and transparent practices[94]. - The company reported a significant leadership change with the appointment of Zhu Shengchun as the new chairman, replacing Wu Keniang[104]. - The company has a diverse board with members having extensive backgrounds in finance, law, and management, enhancing its governance structure[108]. Shareholder Relations and Dividends - The company plans to distribute a cash dividend of CNY 1.00 per 10 shares, totaling CNY 15,500,000 based on 155,000,000 shares[7]. - The cash dividend amount for the current year is 15,500,000.00 CNY, which represents 100% of the total profit distribution[142]. - The company has committed to fulfilling all public commitments made during its initial public offering and will accept social supervision[174]. Future Outlook and Strategic Initiatives - The company provided a forward guidance of 10% revenue growth for the upcoming fiscal year, projecting revenues to reach approximately 1.32 billion RMB[121]. - The company is considering strategic acquisitions to enhance its service offerings, with a budget of 300 million RMB allocated for potential targets[121]. - The company is exploring potential mergers and acquisitions to enhance its competitive position in the market[178]. - The management emphasized the importance of maintaining investor confidence and outlined measures to protect investor interests[177]. Employee and Community Engagement - The company has established a comprehensive human resources management system to protect employee rights, including regular health check-ups every two years[155]. - The company has committed to poverty alleviation by providing support to 102 households of herders displaced by heritage site relocation[155]. - The company maintains a harmonious labor relationship by actively listening to employee opinions through the labor union committee[155]. Environmental and Social Responsibility - The company emphasizes environmental protection by updating scenic area electric vehicles and constructing electric boats to enhance sustainable tourism[156]. - The company is committed to creating social value and fulfilling its responsibilities as a state-owned enterprise in poverty alleviation efforts[155].