CAISSA TOURISM(SZ:000796)2023-05-26 10:14Financial Performance - The company has seen a gradual recovery in cash flow as the tourism market improves, with monthly large corporate events involving 300-400 participants since the recovery began [2] - As of 2023, the company reported a significant increase in transaction volume, with daily peaks exceeding 5 million RMB and a total of 376 available products for sale [6][9] - The company experienced a 600% year-on-year increase in transaction volume during the May Day holiday period, indicating strong demand for both domestic and outbound tourism [22] Business Strategy and Partnerships - The company is actively pursuing a "Destination Tourism +" strategy, collaborating with partners like the Saudi Arabia Tourism Board to enhance service levels and develop large-scale tourism projects [3] - In 2023, the company plans to leverage the Hainan Free Trade Port policies to expand its duty-free, food and beverage, and tourism businesses [5] - The company aims to strengthen its core business in tourism and food services while exploring new retail consumption models and financial services [7][16] Operational Updates - The company has resumed operations with all staff back to work, and its service hours have been extended to meet increasing demand [19] - The company has opened 10 stores in Beijing and is gradually restoring online and offline service channels [19] - The company is preparing for the upcoming summer travel season, with a significant increase in product offerings and marketing activities planned [11] Risk Management and Governance - The company is under "ST" (Special Treatment) status due to negative net assets, but it continues to operate normally and is implementing measures to mitigate risks and improve governance [17] - The company is focusing on liquidity risk management, budget control, and enhancing internal controls to ensure sustainable development [17] - The company is exploring strategic partnerships to enhance its resources and financial stability [18][24] Market Conditions - The tourism market is recovering, with outbound travel demand increasing significantly since the reopening of borders in February 2023 [12] - The company has successfully covered all open outbound destinations and is witnessing a strong recovery in travel bookings [12][22] - The company is also addressing concerns regarding its stock price and potential impacts on investor confidence, emphasizing its commitment to improving operational performance [10][17]