*ST西域(300859) - 2023 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2023 reached ¥305,259,432.30, representing a 198.46% increase compared to ¥102,277,116.63 in 2022[20]. - Net profit attributable to shareholders for 2023 was ¥105,583,391.05, a significant turnaround from a loss of ¥9,301,118.71 in 2022, marking a 1,235.17% increase[20]. - The net profit after deducting non-recurring gains and losses was ¥105,089,247.00, compared to a loss of ¥11,198,853.74 in the previous year, reflecting a 1,038.39% increase[20]. - The net cash flow from operating activities for 2023 was ¥150,366,030.87, up 638.09% from ¥20,372,393.81 in 2022[20]. - Basic earnings per share for 2023 were ¥0.68, a substantial increase from a loss of ¥0.06 per share in 2022, representing a 1,233.33% improvement[20]. - Total assets at the end of 2023 amounted to ¥782,260,679.80, a 14.51% increase from ¥683,128,704.01 at the end of 2022[20]. - Net assets attributable to shareholders increased by 17.26% to ¥717,532,990.69 at the end of 2023, compared to ¥611,894,265.07 at the end of 2022[20]. - The company reported a weighted average return on equity of 15.88% for 2023, a significant increase from -1.47% in 2022[20]. Tourism Market Recovery - In 2023, the domestic tourism market in China saw a significant recovery, with 4.891 billion domestic trips, representing a year-on-year increase of 93.3%[30]. - Total domestic tourism spending reached CNY 4.91 trillion, up 140.3% compared to the previous year[30]. - The company faced a net loss in the first quarter of 2023, with a net profit of -¥12,992,232.79, but recovered significantly in subsequent quarters[22]. - The company reported a total revenue from tourism passenger transport of ¥77,882,691.4, a 78.74% increase compared to ¥43,574,325.8 in 2022[55]. Operational Developments - The company operates key tourist attractions, including the Tianshan Tianchi Scenic Area, which is a UNESCO World Heritage site and a 5A-level scenic area[32]. - The company has exclusive operating rights for the Ma Ya Mountain cableway, which has a height difference of approximately 312 meters[35]. - The Five Color Bay Hot Spring, located 200 kilometers from Urumqi, features unique geothermal properties with water temperatures reaching 75 degrees Celsius[37]. - The company has developed a comprehensive tourism business chain, integrating various tourism elements to enhance competitive advantage in Xinjiang[32]. - The company’s travel agency business includes both domestic and international tourism services, with a focus on customized travel packages[38]. - The company aims to leverage its regional advantages and expand into new tourism formats to achieve high-quality development[31]. Financial Management and Investments - The company has established three new subsidiaries in 2023, including a joint venture with Guangdong Yihang General Aviation Co., with a registered capital of ¥25 million[58][59]. - The company reported a net cash outflow from investment activities of ¥41,553,052.55, a 452.90% increase compared to the previous year[63]. - The company plans to invest 108.07 million yuan from the unused raised funds into the "Tianshan Tianchi Scenic Area Shuttle Bus Update Project" and use the remaining 37.98 million yuan for permanent working capital[82]. - The company has committed to maintaining its obligations for five years after the termination of its controlling relationship with West Region Tourism[188]. Governance and Compliance - The company has established a system for insider information management, ensuring compliance with regulatory requirements[119]. - The company maintains independence from its controlling shareholder in terms of business, personnel, assets, organization, and finance[121]. - The company has a complete and independent business system, capable of formulating its own marketing strategies without reliance on shareholders[121]. - The company has a robust governance structure, ensuring compliance with laws and regulations, and actively engages with shareholders through various communication channels[170]. - The company has established a comprehensive internal control system to enhance governance and risk management, complying with relevant laws and regulations[163]. Future Outlook and Strategic Initiatives - The company provided guidance for the next fiscal year, projecting a revenue growth of 10% to 1.32 billion[128]. - The company is considering strategic acquisitions to bolster its market position, with a budget of 100 million allocated for potential deals[127]. - The company plans to implement a stock buyback program to stabilize its share price, with a total amount not less than 30% of the after-tax salary and cash dividends received by the board and senior management[182]. - The company aims to enhance investor return mechanisms and strengthen communication with investors[190]. Social Responsibility and Environmental Commitment - The company emphasizes environmental protection, implementing strategies such as the use of electric vehicles and boats to enhance sustainable tourism[172]. - The company has committed to social responsibility, providing financial assistance to 102 households in need as part of its poverty alleviation efforts[170].