JHT(603199)2025-03-18 12:05Financial Performance - The company achieved a net profit of ¥186,008,458.84 for the fiscal year 2024, with cumulative undistributed profits amounting to ¥975,857,268.79[6]. - The proposed profit distribution plan includes a cash dividend of ¥6.80 per 10 shares, totaling ¥75,262,400, which represents 40.46% of the net profit attributable to shareholders[6]. - The net profit attributable to shareholders of the listed company was CNY 186.01 million, an increase of 6.50% compared to the previous year[20]. - The basic earnings per share for 2024 was CNY 1.68, reflecting a growth of 6.33% from CNY 1.58 in 2023[21]. - The company achieved operating revenue of CNY 764.44 million, representing a year-on-year growth of 5.64%[20]. - The total revenue for Anhui Jiuhua Mountain Tourism Development Co., Ltd. in 2024 reached 830.54 million RMB[87]. - The company reported a significant increase in revenue, achieving a total of 1.2 billion CNY, representing a year-over-year growth of 15%[88]. - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 10% to 1.32 billion CNY[88]. - The company expects to achieve an operating revenue of 840 million CNY and a net profit of 205 million CNY for the fiscal year 2025[69]. Audit and Compliance - The company received a standard unqualified audit report from Rongcheng Accounting Firm, affirming the accuracy of the financial statements[5]. - The board of directors has confirmed that all members attended the board meeting, ensuring the integrity of the report[4]. - The company is committed to maintaining transparency and accuracy in its financial reporting, as stated by its management[3]. - The internal control audit report issued by the accounting firm confirmed the effectiveness of the company's internal controls with a standard unqualified opinion[123]. - The company has not faced any penalties from securities regulatory agencies in the past three years[98]. Risk Management - The company has outlined potential risks in the management discussion and analysis section, advising investors to be cautious[9]. - The company acknowledges potential risks from major pandemics and natural disasters that could adversely affect operational performance[74]. - The company recognizes the risk of limited scenic area capacity due to increasing visitor numbers, especially during peak seasons[75]. - The company emphasizes safety management for its special equipment, such as cable cars, to prevent operational and reputational risks[76]. Market Presence and Strategy - The company operates multiple subsidiaries, including hotels and travel agencies, enhancing its market presence in the tourism sector[13]. - The company aims to integrate into the Yangtze River Delta cultural and tourism development process, focusing on high-quality development[27]. - The company plans to leverage the opportunity of building a high-quality tourism province in Anhui to enhance its market position[27]. - The company has developed a comprehensive tourism industry chain covering "food, accommodation, transportation, travel, shopping, and entertainment," establishing a dominant position in the tourism market of Jiuhua Mountain and Chizhou City[37]. - The company is focusing on expanding its market presence through new projects and partnerships in the tourism sector[147]. Operational Efficiency and Development - The company has successfully launched the digital upgrade and smart parking project, enhancing data management and operational efficiency, which contributes to cost reduction and improved visitor experience[30]. - The company has implemented a comprehensive internal control and compliance management system to enhance risk prevention and operational efficiency[34]. - The company is committed to developing new strategies to enhance its tourism offerings and expand its market presence[27]. - The company is investing in new technology development, with a budget allocation of 72.84 million RMB for R&D initiatives[87]. - The company plans to enhance customer experience through digital transformation, with an investment of 64.60 million RMB in technology upgrades[87]. Governance and Management - The company maintains a robust governance structure, ensuring compliance with relevant laws and regulations while promoting transparency in information disclosure[79]. - The actual controller, Chizhou State-owned Assets Supervision and Administration Commission, ensures independence in assets, finance, personnel, business, and institutions from Jiuhua Tourism[81]. - The company has established a compensation and assessment committee to determine the remuneration of directors and senior management based on performance and market value[96]. - The company has a complete governance structure, ensuring independent decision-making processes[82]. - The company has established specialized committees under the board, including the audit committee, nomination committee, remuneration and assessment committee, and strategic committee[102]. Employee and Community Engagement - The company has a structured training program in place, focusing on management, technical, and frontline service personnel, to enhance overall management capabilities and service levels[112]. - The company actively participates in charitable activities, encouraging employees to engage in community service and environmental initiatives[130]. - The company focuses on enhancing employee well-being and has established a talent development mechanism[129]. Future Outlook - The company has set a future outlook with a revenue target of 1.5 billion CNY for the next fiscal year, reflecting an ambitious growth plan of 25%[90]. - New product development includes the launch of a premium tour package, expected to contribute an additional 100 million CNY in revenue[90]. - The company plans to pursue strategic acquisitions to enhance its service offerings, targeting a budget of 200 million CNY for potential mergers[88]. - The management highlighted a focus on sustainable tourism practices, which is expected to attract environmentally conscious travelers and boost brand reputation[90].