天目湖(603136) - 2023 Q4 - 年度财报

Financial Performance - The company achieved a net profit of ¥168,324,430.19 for the year 2023, with a statutory surplus reserve of ¥9,408,084.95, resulting in a cumulative undistributed profit of ¥528,250,787.51[2] - The parent company reported a net profit of ¥91,401,218.94 for 2023, with a statutory surplus reserve of ¥9,140,121.89, leading to a cumulative undistributed profit of ¥221,935,428.74[2] - The proposed profit distribution plan for 2023 includes a cash dividend of ¥5.36 per 10 shares (tax included) and a capital reserve conversion of 4.5 shares for every 10 shares held[2] - The company may consider mid-term profit distribution based on profitability and funding needs, with the upper limit for the next year's mid-term dividend not exceeding the net profit attributable to shareholders for that period[2] - The company achieved operating revenue of CNY 629,889,317.51 in 2023, representing a year-on-year increase of 70.90%[19] - Net profit attributable to shareholders reached CNY 147,001,058.47, a significant increase of 623.90% compared to the previous year[19] - The net profit after deducting non-recurring gains and losses was CNY 139,606,161.11, reflecting a year-on-year growth of 1,024.22%[19] - The net cash flow from operating activities was CNY 315,821,380.13, up 177.36% from the previous year[19] - The company's total assets at the end of 2023 were CNY 1,740,232,880.56, an increase of 10.49% compared to the end of 2022[19] - The basic earnings per share for 2023 was CNY 0.79, a rise of 618.18% year-on-year[19] - The weighted average return on equity increased to 11.67%, up by 9.95 percentage points from the previous year[19] Governance and Compliance - The company has not faced any non-operational fund occupation by controlling shareholders or related parties[3] - There are no violations of decision-making procedures regarding external guarantees[3] - The board of directors guarantees the authenticity, accuracy, and completeness of the annual report, with no false records or misleading statements[3] - The audit report issued by Da Xin Accounting Firm is a standard unqualified opinion[3] - The company emphasizes the importance of understanding the differences between plans, forecasts, and commitments, urging investors to pay attention to investment risks[3] - The company is committed to maintaining a transparent and responsible governance structure, ensuring all board members attended the board meeting[3] - The company adheres to strict governance practices, ensuring the protection of shareholder rights and compliance with relevant laws and regulations[149] - The board of directors is composed of professionals with diverse expertise, contributing to informed decision-making[150] - The company has established a stable cash dividend policy, aligning with shareholder expectations and regulatory requirements[150] - The company has not encountered any significant legal or regulatory violations, maintaining a transparent operational framework[149] Market Trends and Strategy - In 2023, the domestic tourism market is recovering rapidly, with a notable increase in per capita consumption, indicating a robust growth trend in the tourism economy[32] - Low-tier cities and rural areas are emerging as new growth points for domestic tourism, with the average age of first-time ticket buyers dropping to 20-25 years, nearly half of whom come from third-tier cities and below[33] - The demand for tourism is becoming more diverse, personalized, and quality-oriented, with new trends such as immersive tourism and culinary experiences gaining popularity in 2023[33] - The company is positioned as a leading comprehensive tourism service provider, focusing on sustainable tourism operations and cultivating a loyal customer base for repeat consumption[41] - The company aims to solidify its position in the tourism industry by focusing on the Yangtze River Delta and urban clusters, enhancing its capital expansion through strategic investments[125] - The company plans to develop the Tianmu Lake tourism resort into a "world-class tourist resort" by expanding its scale and diversifying its product offerings[126] - The company will leverage its strengths in the Yangtze River Delta to meet the high-quality tourism demands of the region, aiming to become the most influential tourism brand[129] Product and Service Development - The company implemented a composite product strategy, enhancing traffic and revenue through various promotional activities[25] - Continuous product upgrades and project development are being actively planned and promoted by the company[30] - The company is enhancing its existing products to strengthen the one-stop travel experience, focusing on upgrading the night cruise project at the Mountain Water Garden scenic area to improve user experience and achieve scenic area transformation[31] - The company has established a comprehensive tourism service model, integrating project planning, marketing, and management consulting, covering various sectors including scenic spots, hot springs, theme parks, and hotels[41] - The company has launched personalized family-oriented travel products, including summer and winter camps, to meet the evolving market demands[63] - The company has a strong focus on ecological and health-oriented tourism, with a wellness retreat base recognized for its comprehensive service offerings[61] - The company integrates local culinary culture into its dining services, featuring local specialties and high-quality ingredients[57] Financial Management and Costs - The company's operating costs increased by 22.40% to 287.64 million RMB, primarily due to rising labor, depreciation, energy, and dining costs[90] - Total costs for the period were ¥283,357,471.48, which is a 23.08% increase from ¥230,215,953.04 in the same period last year[94] - Employee compensation in the scenic area business reached ¥28,895,175.47, accounting for 10.20% of total costs, an increase of 15.21% compared to the previous year[92] - Material costs in the hotel business amounted to ¥97,178,655.95, representing 34.30% of total costs, reflecting a 52.76% increase year-over-year due to rising revenue and material usage[93] - Energy costs in the hot spring segment surged by 229.52% to ¥1,811,362.22, driven by increased revenue and energy expenses[95] - The company reported a significant increase in total costs due to expansion and increased operational activities across various segments[95] Employee and Management - The company has a total of 1,248 employees, with 799 in production, 50 in sales, 119 in technical roles, 49 in finance, and 231 in administration[176][177] - The company has implemented a salary policy based on broadband compensation and performance assessment, ensuring compliance with labor laws and local regulations[178] - The total remuneration for all directors, supervisors, and senior management at the end of the reporting period amounted to 6.8657 million yuan[162] - The remuneration plan for directors, supervisors, and senior management for 2023 was determined based on the company's actual operating conditions and industry standards, ensuring no harm to the company's and shareholders' interests[162] Environmental and Social Responsibility - The company invested approximately 496,600 RMB in environmental protection during the reporting period[190] - The company has implemented measures to centralize wastewater discharge to a treatment station, ensuring no direct discharge into the reservoir[192] - The company actively promotes the use of electric new energy boats and sightseeing vehicles to reduce carbon emissions[195] - The company emphasizes sustainable development in its scenic areas, avoiding harmful ecological practices[191] - The company invested a total of 900,000 CNY in charitable donations, specifically to the Charity Federation[198] - The company operates a love fund to assist employees facing serious illnesses and poverty, demonstrating a commitment to employee welfare[200]