JHT(603199)2024-04-24 14:52Financial Data and Key Metrics Changes - In March 2023, revenue increased by 13 million compared to the previous year, with net profit rising by 10 million [5][34] - The company reported a total revenue of 78 million in March 2023, up from 65 million in March 2022 [34] Business Line Data and Key Metrics Changes - The three cableways had a total of approximately 240,000 rides in 2023, with a slight decrease in the first quarter of 2024 due to adverse weather conditions [3] - The hotel business reported a revenue of 1 million in the first quarter of 2024, with a loss of 300,000, indicating early signs of brand effect and marketing efforts [8][10] Market Data and Key Metrics Changes - The company received 9.25 million visitors in 2023, which is an increase of 42% compared to 2019, aligning with a 37% revenue growth [13] - The company is focusing on enhancing its marketing efforts in the Pearl River Delta and Wuhan markets, anticipating increased visitor interactions [11] Company Strategy and Development Direction - The company plans to strengthen its marketing in the Pearl River Delta and Wuhan, leveraging the opening of the Chi-Huang high-speed rail to boost tourism [11][29] - The company aims to achieve a revenue growth target of 3% and maintain profit levels in 2024, with a cautious yet optimistic approach to future performance [27][28] Management Comments on Operating Environment and Future Outlook - Management expressed optimism for the second quarter, expecting growth despite challenges such as consumer spending downgrades [26] - The company is preparing for a busy May holiday, treating it similarly to the peak season during the Spring Festival [24][28] Other Important Information - The company has completed the main functional areas of the parking lot, which can accommodate 5,200 vehicles, significantly improving visitor experience [14] - The construction of the Lion Peak area is underway, with expectations of operational losses in the initial years before turning profitable [25] Q&A Session Summary Question: What is the visitor flow situation? Outlook for May Day? - The company anticipates a busy May holiday, similar to the Spring Festival peak [24] Question: Impact of parking lots? Operational status of Lion Peak? - The parking lot has been completed, enhancing visitor experience, while Lion Peak construction is ongoing [14][25] Question: How is the performance in Q2 expected? - Management is optimistic about Q2 performance, expecting growth despite some challenges [26] Question: What is the situation with the hotel business? - The hotel business is seeing early signs of brand effect, with revenue and losses reported [8][10] Question: What is the impact of the Chi-Huang high-speed rail? - The rail is expected to enhance connectivity and boost tourism, with marketing efforts underway [29] Question: What is the age demographic of visitors? - There has been an increase in visitors under 40, particularly in the 31-35 age group, while older demographics have decreased [19]