Dividend and Profit Distribution - The company plans to distribute a cash dividend of 1.02 CNY per 10 shares to all shareholders, based on the total share capital as of the dividend distribution date[7]. - The profit distribution proposal is subject to approval at the 2021 annual general meeting[7]. - The company does not plan to implement capital reserve transfers to increase share capital in this profit distribution[7]. - Due to losses in 2020 caused by the COVID-19 pandemic, the company proposed no cash dividend distribution for the year, which was approved in the board meeting and the annual shareholders' meeting[149]. - The company has established a cash dividend policy, allowing for cash, stock, or a combination of both for profit distribution, with a minimum of 30% of the average distributable profit over three years for cash distributions[149]. Financial Performance - The company's operating revenue for 2021 was ¥895,205,492.93, an increase of 20.84% compared to ¥740,843,191.93 in 2020[28]. - The net profit attributable to shareholders for 2021 was ¥43,470,966.41, a significant recovery from a loss of ¥46,372,731.00 in 2020[28]. - The net cash flow from operating activities for 2021 was ¥93,834,094.07, a recovery from a negative cash flow of ¥1,035,807.49 in 2020[28]. - The total assets at the end of 2021 were ¥5,150,077,687.08, reflecting a 5.24% increase from ¥4,893,855,661.57 at the end of 2020[31]. - The basic earnings per share for 2021 was ¥0.06, compared to a loss of ¥0.06 per share in 2020[31]. - The weighted average return on net assets increased to 1.02% in 2021 from -1.05% in 2020, an increase of 2.07 percentage points[31]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥51,003,324.56 for 2021, an improvement from -¥101,858,921.55 in 2020[28]. Visitor Statistics - The number of visitors to the mountain increased by 10.76% year-on-year, contributing to the rise in operating revenue and profit[31]. - The number of visitors reached 1.6742 million, an increase of 162,700 compared to the same period last year, representing a growth of 10.76%[43]. - The total number of visitors transported by cable cars and gondolas was 3.6207 million, an increase of 488,700 from the previous year, reflecting a growth of 15.60%[43]. Strategic Development and Market Expansion - The company plans to continue expanding its market presence and enhancing its service offerings to drive future growth[31]. - The company is advancing a multi-faceted tourism development strategy, focusing on integrating mountain, water, village, cave, town, and tea resources[43]. - The company is actively embracing digital transformation, launching a new version of its official platform with enhanced features such as automatic ID recognition and electronic invoicing[43]. - The company is expanding its restaurant operations with new locations in Beijing, Hefei, Ningbo, and other cities, while also planning additional sites[43]. - The company aims to become a leading global destination tourism flagship enterprise by integrating Huangshan's tourism resources and expanding its market presence[93]. Risk Management - The company has detailed potential risks in the report, particularly in the section discussing future development[9]. - The company emphasizes the importance of investment risk awareness in its forward-looking statements[8]. - The company faces industry risks due to economic downturns and natural disasters, which may impact tourism demand, and plans to implement emergency mechanisms to mitigate these risks[101]. - The company recognizes market risks from increasing competition in the tourism sector and aims to enhance its core competitiveness through strategic resource allocation[101]. Corporate Governance - The company has established a complete and effective internal control system, enhancing its risk prevention capabilities and operational standards[109]. - The board of directors consists of 9 members, including 3 independent directors, ensuring compliance with relevant regulations and effective decision-making[106]. - The company conducted 10 board meetings during the reporting period, with all directors present and independent opinions provided on significant matters[106]. - The company is committed to maintaining good investor relations through various communication channels, ensuring transparency and responsiveness to investor inquiries[109]. Environmental and Social Responsibility - The company has upgraded its wastewater treatment processes and established an online monitoring system to ensure compliance with environmental standards[159]. - The company has adopted innovative waste disposal methods to improve efficiency in garbage collection and treatment, focusing on environmentally friendly practices[159]. - The company has committed to a comprehensive ban on certain plastic products, promoting the use of environmentally friendly alternatives[161]. - The company actively supported local economic development by helping 26 households and 61 individuals in rural areas, conducting over 30 assistance activities, and donating approximately 30,000 yuan[166]. Investment and Financial Management - The company has engaged in wealth management with a total of CNY 1 billion from self-owned funds and CNY 300 million from raised funds, with no overdue amounts[183]. - The company has authorized the management of ticket sales for the Huangshan Scenic Area, with agreements signed on December 15, 2021[182]. - The company has invested CNY 55.15 million to acquire a 40.85% stake in a tea company[182]. - The company reported a total of 19,000 million RMB in structured deposits with an annualized return rate of 3.63%[187].

2021 年第三季度报告 单位：元 币种：人民币 证券代码：600054 证券简称：黄山旅游 900942 黄山 B 股 黄山旅游发展股份有限公司 2021 年第三季度报告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 重要内容提示： 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务 报表信息的真实、准确、完整。 第三季度财务报表是否经审计 □是 √否 一、 主要财务数据 (一)主要会计数据和财务指标 年初至报告期 | --- | --- | --- | --- | --- | |-----------------------------------------------|----------------|--------------------------------------|----------------|----------- ...

Financial Performance - The company's operating revenue for the first half of the year reached ¥460,752,596.42, a 130.27% increase compared to ¥200,095,908.80 in the same period last year [24]. - Net profit attributable to shareholders was ¥34,500,986.16, a significant recovery from a loss of ¥88,424,218.55 in the previous year [24]. - The net cash flow from operating activities improved to ¥50,422,330.11, compared to a negative cash flow of ¥158,768,168.25 in the same period last year [24]. - Basic earnings per share rose to ¥0.0473 from a loss of ¥0.1212 in the previous year [24]. - The weighted average return on equity increased to 0.81%, up by 2.88 percentage points from -2.07% in the previous year [24]. - The total assets at the end of the reporting period were ¥5,054,109,634.42, reflecting a 3.27% increase from ¥4,893,855,661.57 at the end of the previous year [24]. - The net assets attributable to shareholders increased to ¥4,287,093,645.06, a 0.57% rise from ¥4,262,652,858.90 at the end of the previous year [24]. - The company reported a total of ¥18,381,891.71 in net non-recurring gains after accounting for minority interests and income tax effects [30]. - The company achieved a total revenue of 461 million yuan, an increase of 261 million yuan or 130.27% year-on-year [41]. - The net profit attributable to shareholders was 34.501 million yuan, an increase of 123 million yuan compared to the same period last year, marking a turnaround from loss to profit [41]. Visitor Statistics - The number of visitors to the mountain increased by 90.00% year-on-year, contributing to the rise in operating revenue [24]. - In the first half of 2021, the company received a total of 980,800 visitors at Huangshan Scenic Area, an increase of 464,600 visitors or 90.00% compared to the same period last year [41]. - The company transported 2.0437 million visitors via cable cars, an increase of 1.0442 million visitors or 104.47% compared to last year [41]. Tourism Market Insights - In the first half of 2021, domestic tourism reached 1.871 billion trips, a year-on-year increase of 100.8%, recovering to 60.9% of the 2019 level [32]. - Domestic tourism revenue totaled 1.63 trillion yuan, up 157.9% year-on-year, recovering to 58.6% of the 2019 level [32]. - The tourism market in China is projected to reach 10 trillion yuan in consumption during the 14th Five-Year Plan period, with 10 billion trips expected [32]. Company Operations and Developments - The company operates over 10 hotels, including the first five-star resort hotel in Huangshan managed by InterContinental Hotel Group [33]. - The company has completed the construction of the Huashan Miku Scenic Area, which is set to commence operations soon [33]. - The company is advancing its collaboration with Ant Group to develop a one-stop service platform for tourism [36]. - The company has established a brand matrix centered around "Yunlu," enhancing its hotel brand influence [33]. - The company’s cable car operations are recognized as top-tier in safety management and service quality nationwide [35]. - The company is focusing on the integration of tourism and digital economy, enhancing its competitive edge in the market [37]. - The company is actively pursuing project construction as a revenue growth point, focusing on policy investment guidance [48]. - New product offerings include high-end customized travel products and themed activities, enhancing market engagement [48]. Financial Management and Investments - The company reported a significant increase in other current assets by 517.82% to ¥181,674,989.22, primarily due to an increase in fixed-income bank wealth management products [53]. - The company provided loans to its associate, Blue City Town, totaling 130 million RMB during the reporting period [92]. - The company approved a capital increase of 120 million RMB to its affiliate, with its contribution being 58.8 million RMB [104]. - The company plans to use up to 300 million RMB of idle raised funds and 1 billion RMB of idle self-owned funds for cash management within one year [108]. Environmental and Social Responsibility - The report includes a section on environmental and social responsibility, highlighting the company's commitment to sustainable practices [11]. - The company has implemented environmental protection measures, including upgrading wastewater treatment facilities and promoting waste reduction initiatives in the Huangshan scenic area [85]. - The company achieved a significant reduction in carbon emissions, with a notable decrease in CO2 emissions per unit of output, recognized with the Earthcheck Silver Award [88]. - The company has actively supported poverty alleviation and rural revitalization, generating over 500,000 RMB in online sales for local agricultural products [89]. Corporate Governance - The board of directors confirmed that all members attended the board meeting, ensuring the accuracy and completeness of the semi-annual report [5]. - The financial report has been confirmed by the responsible persons, ensuring its authenticity and completeness [4]. - The company appointed new board members, including Pei Bin, Sun Jun, and Jiang Jiti, and elected independent directors such as Gao Shunli, Wu Jilin, and Ding Zhongyang [79]. - The integrity status of the company and its major stakeholders remained good, with no significant debts unpaid [100]. Risk Management - The company emphasizes the importance of risk awareness regarding forward-looking statements and potential risks faced [7]. - The company has detailed the potential risks in the management discussion and analysis section of the report [8]. - The semi-annual report has not been audited, which may affect the reliability of the financial data presented [5]. Shareholder Information - The company did not distribute dividends or issue bonus shares during the reporting period, with a payout of 0 per 10 shares [80]. - The total number of ordinary shareholders at the end of the reporting period was 54,137 [110]. - The largest shareholder, Huangshan Tourism Group Co., Ltd., holds 296,595,750 shares, representing 40.66% of total shares [114]. - The second largest shareholder, Kuwait Investment Authority, holds 9,200,138 shares, representing 1.26% of total shares [114].

1 / 20 | 目录 | | --- | 公司代码：600054 公司简称：黄山旅游 900942 黄山 B 股 | 一、 | 重要提示 | 3 | | --- | --- | --- | | 二、 | 公司基本情况 | 3 | | 三、 | 重要事项 | 5 | | 四、 | 附录 | 8 | 黄山旅游发展股份有限公司 2018 年第三季度报告 2018 年第三季度报告 1.2 公司全体董事出席董事会审议季度报告。 1.3 公司负责人章德辉、主管会计工作负责人陶平及会计机构负责人（会计主管人员）吴胜保证 季度报告中财务报表的真实、准确、完整。 1.4 本公司第三季度报告未经审计。 二、 公司基本情况 2.1 主要财务数据 3 / 20 单位：元 币种：人民币 本报告期末 上年度末 本报告期末比上年 度末增减(%) 总资产 4,800,914,526.69 4,778,383,578.13 0.47 归属于上市公司股东的净资产 4,158,907,380.41 4,138,980,780.65 0.48 年初至报告期末 （1-9 月） 上年初至上年报告 期末（1-9 月） 比上年同期增减 (%) 经营活动产 ...

Financial Performance - The company's operating revenue for the first half of 2018 was ¥682,270,261.26, a decrease of 6.01% compared to ¥725,862,289.02 in the same period last year[19]. - The net profit attributable to shareholders for the first half of 2018 was ¥218,855,411.64, representing an increase of 17.03% from ¥187,005,958.97 in the previous year[19]. - The net cash flow from operating activities decreased by 34.14% to ¥162,742,115.98, down from ¥247,111,030.29 in the same period last year[19]. - Basic earnings per share for the first half of 2018 were ¥0.2929, an increase of 17.07% compared to ¥0.2502 in the same period last year[20]. - The company reported a profit of ¥4.85 million from its 80% owned subsidiary, Huangshan Yuping Cableway Co., Ltd.[47]. - The company reported a comprehensive income total of CNY 93,125,290.58, compared to CNY 10,499,720.76 in the same period last year[84]. - The company reported a significant increase in cash inflow from investment activities, indicating a strategic focus on enhancing investment returns[93]. Assets and Liabilities - The total assets at the end of the reporting period were ¥4,698,316,648.35, a decrease of 1.68% from ¥4,778,383,578.13 at the end of the previous year[19]. - The total liabilities of the company were CNY 591,054,245.47, which is an increase from CNY 575,203,758.06 at the beginning of the period[76]. - The company's total equity decreased to CNY 4,107,262,402.88 from CNY 4,203,179,820.07, reflecting a decline of 2.3%[76]. - The company's total assets amounted to CNY 4,592,123,749.75, slightly down from CNY 4,650,197,469.60 at the end of the previous period[81]. - The company's total equity at the end of the reporting period is 4,227,623,000 RMB, with a capital stock of 747,300,000 RMB[101]. Market and Operations - In the first half of the year, the company received 1.4814 million visitors, a year-on-year decrease of 9.94%[28]. - The company is recognized as a benchmark in mountain scenic area management and has contributed to the development of national standards for scenic area services[22]. - The company is actively expanding its market channels and has formed a tourism marketing alliance to enhance its market presence[30]. - The company is implementing a real-name reservation system, successfully launching "Scan to Enter Huangshan" to improve visitor management[29]. - The company aims to transition from a ticket-based economy to an industry-based economy to improve overall tourism revenue and ensure stable operations[51]. Investment and Projects - The company invested ¥112 million to acquire a 56% stake in Huangshan Taiping Lake Cultural Tourism Co., Ltd.[43]. - The environmental renovation project for Beihai Hotel has an adjusted investment of ¥301.66 million, reflecting a delay in project progress due to extensive consultations[44]. - The company has completed significant projects such as the renovation of Beihai Hotel and the planning of Huashan Miku project[29]. Risk Management - The company emphasizes the importance of risk awareness in its forward-looking statements and encourages investors to consider investment risks[6]. - The company is facing industry risks due to strong environmental sensitivity, with potential impacts from economic crises, natural disasters, and pandemics[49]. - The company has established emergency response mechanisms to minimize losses from natural disasters and unforeseen events[49]. - The company plans to accelerate external expansion and diversify its tourism-related segments to mitigate risks associated with economic and environmental factors[49]. Shareholder Information - The total number of ordinary shareholders reached 48,632 by the end of the reporting period[66]. - The largest shareholder, Huangshan Tourism Group Co., Ltd., holds 39.69% of the shares, totaling 296,595,750 shares[66]. - Value Partners Classic Fund reduced its holdings by 3,693,700 shares, now holding 9,637,962 shares[66]. Corporate Governance - The company appointed a new management team, including the election of a new chairman and several directors, indicating a strategic leadership change[70]. - The company continues to hire and train management talent to strengthen its governance structure and operational management[50]. Social Responsibility - The company has implemented various poverty alleviation initiatives, including direct support to 25 low-income households, generating approximately 35,000 yuan in sales for local products[58]. - Total funding for poverty alleviation amounted to 110,000 RMB, with 25 individuals lifted out of poverty[59]. - The company plans to strengthen ties with local villages and enhance poverty alleviation project development[61]. - The company aims to explore a tourism plus poverty alleviation model to support local economic development[61]. Accounting and Financial Reporting - The company adheres to the accounting standards for enterprises, ensuring that its financial reports reflect a true and complete picture of its financial status[115]. - The company’s financial statements are prepared based on the assumption of going concern, with no identified issues affecting its ability to continue operations[113]. - The company recognizes deferred tax assets based on temporary differences between the carrying amount and tax base of assets and liabilities as of the balance sheet date[194]. - The company recognizes liabilities for profit-sharing plans when obligations are established and can be reliably estimated[180].

2018 年第一季度报告 公司代码：600054 公司简称：黄山旅游 900942 黄山 B 股 黄山旅游发展股份有限公司 2018 年第一季度报告 2018 年 4 月 1 / 18 | 一、 | 重要提示 3 | | --- | --- | | 二、 | 公司基本情况 3 | | 三、 | 重要事项 6 | | 四、 | 附录 8 | 2018 年第一季度报告 一、 重要提示 二、 公司基本情况 2.1 主要财务数据 非经常性损益项目和金额 √适用 □不适用 3 / 18 单位：元 币种：人民币 本报告期末 上年度末 本报告期末比上年度末增 减(%) 总资产 4,691,957,564.45 4,778,383,578.13 -1.81 归属于上市公司 股东的净资产 4,159,842,479.54 4,138,980,780.65 0.50 年初至报告期末 上年初至上年报告期末 比上年同期增减(%) 经营活动产生的 现金流量净额 -22,682,680.06 50,091,094.94 -145.28 年初至报告期末 上年初至上年报告期末 比上年同期增减（%） 营业收入 245,100,044.11 2 ...

2017 年年度报告 公司代码：600054 公司简称：黄山旅游 900942 黄山 B 股 黄山旅游发展股份有限公司 2017 年年度报告 2018 年 4 月 1 / 139 2017 年年度报告 √适用 □不适用 年度报告中所涉及的未来计划、发展战略等前瞻性描述不构成公司对投资者的实质承诺，敬 请投资者注意投资风险。 七、 是否存在被控股股东及其关联方非经营性占用资金情况 重要提示 三、 华普天健会计师事务所（特殊普通合伙）为本公司出具了标准无保留意见的审计报告。 四、 公司负责人叶正军、主管会计工作负责人丁维及会计机构负责人（会计主管人员）吴胜声明： 保证年度报告中财务报告的真实、准确、完整。 五、 经董事会审议的报告期利润分配预案或公积金转增股本预案 1、以2017年末总股本747,300,000股为基数，向全体股东按每10股分配现金红利2.40元人民 币(含税)，共派发现金红利179,352,000.00元人民币。 2、上述B股股利以美元派发，美元与人民币汇率按2017年度股东大会批准后的第一个工作日 中国人民银行公布的美元兑人民币的中间价计算。 3、2017年度不进行资本公积转增股本。 此分配预 ...

2017 年第三季度报告 公司代码：600054 公司简称：黄山旅游 900942 黄山 B 股 黄山旅游发展股份有限公司 2017 年第三季度报告 1 / 20 | 目录 | | --- | | 一、 | 重要提示 | 3 | | --- | --- | --- | | 二、 | 公司基本情况 | 3 | | 三、 | 重要事项 | 5 | | 四、 | 附录 | 8 | 2017 年第三季度报告 一、 重要提示 二、 公司基本情况 2.1 主要财务数据 | | | | | | 单位：元 币种：人民币 | | | --- | --- | --- | --- | --- | --- | --- | | | 本报告期末 | | 上年度末 | | 本报告期末比上年度 | | | | | | | | 末增减(%) | | | 总资产 | 5,176,709,835.52 | | 5,154,112,088.12 | | | 0.44 | | 归属于上市公司股东 | 4,212,087,668.11 | | 4,157,271,460.53 | | | 1.32 | | 的净资产 | | | | | | | | | ...

2017 年半年度报告 公司代码：600054 公司简称：黄山旅游 900942 黄山 B 股 黄山旅游发展股份有限公司 2017 年半年度报告 重要提示 一、 本公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的真实、准确、完 整，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 二、 公司全体董事出席董事会会议。 三、 本半年度报告未经审计。 四、 公司负责人叶正军、主管会计工作负责人丁维及会计机构负责人（会计主管人员）吴胜声明： 保证半年度报告中财务报告的真实、准确、完整。 五、 经董事会审议的报告期利润分配预案或公积金转增股本预案 报告期公司不进行利润分配和公积金转增股本。 六、 前瞻性陈述的风险声明 √适用 □不适用 本报告中所涉及的未来计划、发展战略等前瞻性描述不构成公司对投资者的实质承诺，敬请投资 者注意投资风险。 七、 是否存在被控股股东及其关联方非经营性占用资金情况 否 八、 是否存在违反规定决策程序对外提供担保的情况？ 否 1 / 109 | 第一节 | 释义 3 | | --- | --- | | 第二节 | 公司简介和主要财务指标 3 | | 第三节 | ...

二、 公司基本情况 2017 年第一季度报告 公司代码：600054 公司简称：黄山旅游 900942 黄山 B 股 黄山旅游发展股份有限公司 2017 年第一季度报告 | 一、 | 重要提示 | 3 | | --- | --- | --- | | 二、 | 公司基本情况 | 3 | | 三、 | 重要事项 | 6 | | 四、 | 附录 | 9 | 2017 年第一季度报告 一、 重要提示 2017 年 4 月 1 / 20 2.1 主要财务数据 3 / 20 单位：元 币种：人民币 本报告期末 上年度末 本报告期末比上年度末增 减(%) 总资产 5,048,844,825.26 5,154,112,088.12 -2.04 归属于上市公 司股东的净资 产 4,123,756,182.89 4,157,271,460.53 -0.81 年初至报告期末 上年初至上年报告期末 比上年同期增减(%) 经营活动产生 的现金流量净 额 50,091,094.94 -11,803,250.83 524.38 年初至报告期末 上年初至上年报告期末 比上年同期增减（%） 营业收入 271,687,562.40 301,49 ...