HSTD(600054)2022-04-15 16:00Dividend 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].