*ST西域(300859) - 2022 Q4 - 年度财报

Financial Performance - The net profit attributable to shareholders of the listed company was -9.3011 million yuan, and the net profit after deducting non-recurring gains and losses was -11.1989 million yuan, marking the most challenging year since 2020 due to severe negative impacts from the global economic downturn [3]. - The company's operating revenue for 2022 was ¥102,277,116.63, a decrease of 31.56% compared to ¥149,448,023.00 in 2021 [24]. - The net profit attributable to shareholders was -¥9,301,118.71 in 2022, representing a decline of 134.51% from ¥26,950,982.41 in 2021 [24]. - The net cash flow from operating activities decreased by 69.32% to ¥20,372,393.81 in 2022, down from ¥66,403,814.00 in 2021 [24]. - The total assets at the end of 2022 were ¥683,128,704.01, a reduction of 6.92% from ¥733,900,166.25 at the end of 2021 [24]. - The company reported a basic earnings per share of -¥0.06 in 2022, a decrease of 135.29% from ¥0.17 in 2021 [24]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥11,198,853.74 in 2022, a decline of 142.50% from ¥26,351,783.37 in 2021 [24]. - The total distributable profit for 2022 was 124,319,256.58 RMB, with no cash dividends or stock bonuses proposed [165]. - The cash dividend distribution ratio for the year was 0.00%, reflecting the company's decision not to distribute profits [163]. Business Operations - The company’s main business and core competitiveness have not undergone significant adverse changes, aligning with industry trends [5]. - The company operates key attractions including the Tianshan Tianchi Scenic Area and the Wucaiwan Hot Spring, leveraging unique natural resources [44]. - The company has developed a comprehensive tourism business chain integrating various services, enhancing customer satisfaction [46]. - The company aims to expand its digital platform to improve service efficiency and enhance brand influence in the tourism industry [48]. - The company has identified several competitive advantages, including integrated industry chain advantages and core scenic resource advantages, positioning it well for recovery [36]. - The company aims to enhance the image of scenic spots and improve visitor satisfaction, focusing on high-quality development in response to the upgrading of domestic tourism consumption needs [98]. - The company aims to adapt to the evolving consumer preferences in tourism, shifting from sightseeing to a focus on leisure and high-quality experiences [93]. Market Outlook - The tourism market has rapidly rebounded since the beginning of 2023, indicating a positive outlook for the industry [4]. - The company anticipates a positive recovery trend in its main business starting in early 2023 following policy adjustments in December 2022 [35]. - The domestic tourism market is recovering rapidly, with 308 million domestic trips during the 2023 Spring Festival, a year-on-year increase of 23.1% [95]. - The company anticipates that domestic tourism numbers will reach approximately 4.55 billion in 2023, a year-on-year increase of about 80% [95]. - The company recognizes the significant growth potential in Xinjiang tourism, which is becoming a popular domestic travel destination [96]. Risk Management - The company will disclose a risk warning for its stock trading due to negative net profit and revenue below 100 million yuan in the most recent fiscal year [6]. - The company faces risks due to its small asset scale, which limits its ability to withstand financial pressures, and plans to enhance its capital market advantages to expand asset size [104][105]. - Increased competition in the tourism market poses a risk, and the company will enhance its core competitiveness and marketing efforts to meet diverse consumer needs [106]. Governance and Compliance - The company adheres to strict information disclosure obligations in compliance with the Company Law, Securities Law, and relevant regulations, ensuring fair access to information for all shareholders [117]. - The company has a complete and independent financial accounting system, with independent financial decision-making and management [123]. - The company has established a robust governance structure to protect shareholder and creditor rights, ensuring accurate and timely information disclosure [175]. - The company has committed to transparency and accuracy in its financial disclosures [197]. Employee Management - The total number of employees at the end of the reporting period is 467, including 393 from the parent company and 74 from major subsidiaries [158]. - The salary policy is based on the Labor Law and includes a combination of position salary and performance salary, with all employees under labor contracts [160]. - The company has implemented a performance evaluation mechanism for monthly and annual salary assessments [160]. Future Plans - In 2023, the company plans to accelerate the recovery of its business by innovating tourism products and business models to meet diverse tourist needs [99]. - The company plans to maintain a dividend payout ratio of 30% of net profits to ensure shareholder returns [181]. - The company is considering strategic acquisitions to enhance its market position, with a target of identifying at least two potential candidates by mid-2023 [128]. - The company plans to stabilize its stock price through specific measures approved by the shareholders' meeting, with actions to be taken within 10 trading days after the approval [184].