LIJIANG TOURISM(002033)2025-04-18 10:40Financial Performance - The company's revenue for Q1 2025 was ¥162,486,287.74, a decrease of 9.69% compared to ¥179,930,044.26 in the same period last year[5] - Net profit attributable to shareholders was ¥34,467,582.70, down 38.24% from ¥55,813,358.84 year-on-year[5] - Basic earnings per share were ¥0.0627, reflecting a decline of 38.29% from ¥0.1016 in the same period last year[5] - Total operating revenue for the current period is ¥162,486,287.74, a decrease of 9.1% from ¥179,930,044.26 in the previous period[27] - Net profit for the current period is ¥38,319,160.16, down 39.0% from ¥62,834,257.36 in the previous period[28] - The company reported a total profit of ¥48,885,377.01, down 36.5% from ¥76,926,102.73 in the previous period[28] Cash Flow - The net cash flow from operating activities decreased by 45.55%, amounting to ¥45,275,807.04 compared to ¥83,155,380.53 in the previous year[5] - The company’s total cash inflow from operating activities was ¥204,854,889.46, a decrease of 7.3% from ¥220,995,695.31 in the previous period[30] - The company’s total cash outflow from operating activities was ¥159,579,082.42, an increase of 15.7% from ¥137,840,314.78 in the previous period[30] - The net cash flow from investment activities was -105.13 million in the previous period[31] - Total cash and cash equivalents at the end of the period amounted to 810.95 million in the previous period[31] - The cash inflow from investment income was 1.45 million in the previous period[31] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,022,254,412.42, a slight increase of 0.19% from ¥3,016,387,054.95 at the end of the previous year[5] - The company's total assets as of March 31, 2025, amount to RMB 3,022,254,412.42, showing a slight increase from RMB 3,016,387,054.95 at the beginning of the period[23] - The total non-current assets are valued at RMB 2,166,906,348.78, up from RMB 2,154,325,975.25[24] - The company's total liabilities decreased from RMB 1,005,000,000 to RMB 1,000,000,000, reflecting a reduction of approximately 0.5%[24] - Total liabilities decreased to ¥319,986,930.29 from ¥352,375,347.71, a reduction of 9.2%[25] - Total equity increased to ¥2,702,267,482.13 from ¥2,664,011,707.24, an increase of 1.4%[25] Shareholder Information - The total number of common shareholders at the end of the reporting period is 41,915[18] - The largest shareholder, Lijiang Yulong Snow Mountain Tourism Development Co., Ltd., holds 15.73% of shares, totaling 86,438,390 shares[18] - Yunnan Yun Investment Capital Operation Co., Ltd. plans to increase its stake in the company by investing between RMB 5.5 million and RMB 11 million within three months from February 11, 2025[20] - As of April 8, 2025, Yunnan Yun Investment has increased its holdings by 1,243,500 shares, representing 0.2263% of the total share capital, with a total investment of RMB 10,999,100[21] Operational Challenges - The company reported a 62.70% increase in selling expenses, totaling an increase of ¥3,301,200.00 due to active sales and marketing efforts[10] - The company noted that adverse weather conditions led to increased downtime for operations, impacting revenue negatively[13] - The company is in the process of expanding its operations, including the ongoing construction of the Yak Cow Slope cableway renovation project, which contributed to a 100.59% increase in construction in progress[9] Accounting Standards - The company plans to implement new accounting standards starting in 2025, which may impact future financial reporting[32]