*ST西域(300859) - 2022 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2022 was ¥5,113,087.93, a decrease of 48.34% compared to ¥9,896,963.27 in the same period last year[3] - The net profit attributable to shareholders was -¥17,566,188.14, representing a decline of 72.15% from -¥10,203,880.00 year-on-year[3] - The net cash flow from operating activities was -¥12,863,520.55, a significant drop of 314.79% compared to -¥3,101,193.60 in the previous year[3] - The company reported a basic earnings per share of -¥0.11, a decrease of 57.14% from -¥0.07 in the same period last year[3] - The net profit for the first quarter of 2022 was -17,819,258.82 CNY, compared to -10,459,357.00 CNY in the same period last year, representing a decline of approximately 70.5%[19] - Operating profit for the first quarter was -17,870,673.80 CNY, worsening from -9,102,897.74 CNY year-over-year[19] - Total comprehensive income for the first quarter was -17,819,258.82 CNY, compared to -10,459,357.00 CNY in the same period last year, indicating a decline of about 70.5%[20] Revenue and Costs - Total operating revenue for Q1 2022 was CNY 5,113,087.93, a decrease of 48% compared to CNY 9,896,963.27 in the same period last year[18] - Total operating costs increased to CNY 23,199,746.01, up from CNY 19,453,229.04 in the previous year[18] - Cash received from sales and services was ¥6,056,076.80, down 40.20% from ¥10,127,876.48 in the previous year[8] - Total revenue from sales and services received was 6,056,076.80 CNY, down from 10,127,876.48 CNY in the previous year, indicating a decrease of about 40.8%[22] Assets and Liabilities - The total assets at the end of the reporting period were ¥708,088,217.58, down 3.52% from ¥733,900,166.25 at the end of the previous year[3] - Cash and cash equivalents at the end of Q1 2022 were CNY 242,357,002.27, down from CNY 259,344,056.37 at the beginning of the year[14] - Accounts receivable decreased to CNY 682,696.76 from CNY 1,828,483.77 at the beginning of the year, indicating improved cash flow management[14] - Total assets decreased to CNY 708,088,217.58 from CNY 733,900,166.25 at the beginning of the year[16] - Total liabilities decreased to CNY 89,492,781.81 from CNY 97,493,689.46, reflecting a reduction in financial obligations[16] Management and Expenses - Management expenses increased by 34.74% to ¥7,078,682.18 due to higher wages and social security costs[7] - The company incurred management expenses of 7,078,682.18 CNY, which increased from 5,253,574.22 CNY year-over-year, representing a rise of approximately 34.7%[19] - Financial expenses included interest expenses of 631,439.44 CNY, down from 976,486.11 CNY in the previous year, a decrease of about 35.3%[19] - The company reported other income of 200,848.98 CNY, down from 319,920.15 CNY year-over-year, indicating a decline of approximately 37.1%[19] Business Strategy and Outlook - The decline in revenue was attributed to the resurgence of COVID-19, which led to a drop in tourist numbers and cross-province travel restrictions[7] - The company is focusing on enhancing the efficiency of tourism resource utilization at Tianchi Scenic Area amid ongoing pandemic challenges[12] - The company aims to expand its business layout and cultivate new growth points for high-quality development post-pandemic[12] - The company reported a significant reduction in employee compensation liabilities, from CNY 5,646,902.84 to CNY 1,534,734.12, indicating cost-cutting measures[15] - The company has not disclosed any new product or technology developments in this report[12]