HSTD(600054)2021-08-27 16:00Financial 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].