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Tibet Tourism achieved total income of 188 million yuan
Home » Tibet Tourism Blog Update 2019-2020 » Tibet Tourism achieved total income of 188 million yuan

Tibet Tourism achieved total operating income of 188 million yuan in 2019, an increase of 5.22% year-on-year

On the evening of April 17, Tibet Tourism Co., Ltd. (hereinafter referred to as "Tibet Tourism") released its 2019 annual report.

Statistics show that Tibet Tourism achieved total operating income of 188 million yuan in 2019, an increase of 5.22% year-on-year; realized net profit attributable to its mother was 20.842 million, a year-on-year decrease of 1.99%; net profit after deducting non-recurring gains and losses was 6.117 million yuan, an increase of 41.06%; Earnings per share is 0.09 yuan.

Regarding revenue growth, Tibet Tourism stated that the main reason is that the company has enriched the content of secondary consumer products in the scenic area, and achieved online and offline linkage promotion through smart travel applets, WeChat public platform, OTA platform, etc. The conversion rate and content consumption of scenic spots have achieved certain growth.

Information shows that the current main business of Tibet Tourism includes scenic spot operations and media culture. The company's scenic area operation business mainly includes scenic area ticket sales and passenger transportation, boat cruise business within the scenic area, and low-altitude flight and other specialty consumer products. It also includes short-distance private line transportation services between the scenic area and the surrounding major transportation nodes. In addition, the company also has a travel agency business, providing services such as recreational tourism, conference tourism and special tourism.

Scenic area operation is the main source of income for Tibet tourism. In 2019, the revenue of the Tibet travel scenic area operation segment was 136 million yuan, accounting for 72.34% of the company's main business income; the tourism service business segment realized revenue of 14.3476 million yuan, accounting for the company's main business income 7.64%; In addition, Shengdi International Travel and Shenshan International Travel are mainly engaged in tourism service business. In 2019, the two travel agencies achieved revenue of 9.635 million yuan, accounting for 5.13% of the company's operating income.

Among them, the revenue of the scenic area's operation segment is mainly the revenue from the scenic area ticket income and the consumption income from sightseeing cars, yachts, catering and other consumption in the scenic area. It also includes the income from projects such as hot air balloons, outdoor starry sky camps, Niyang River rafting, and Tibetan-style linka. Including labor costs, procurement costs and maintenance of facilities and equipment, depreciation and amortization costs. During the reporting period, the revenue of this business segment accounted for 82.24% of the company's main business revenue, and the operating cost of this segment was approximately 82.29% of the total operating cost.

During the reporting period, the total number of tourists in various tourist attractions in Tibet was basically stable. In 2019, the Yarlung Zangbo Grand Canyon Scenic Area, which is the company's main scenic area, has experienced a certain decline in tourist reception due to the closed construction of conventional tour routes throughout the year, the basic conditions of the newly opened routes and the limited tourist reception capacity. The tourist reception volume of Basongcuo Scenic Spot and Ali Scenic Spot both maintained a steady growth, and the total tourist reception of various scenic spots throughout the year was basically the same as that of 2018.

On the same day, Tibet Tourism disclosed the first quarter report of 2020. During the reporting period, Tibet Tourism achieved an operating income of RMB 5,474,400, a year-on-year decrease of 64.38%; a net loss attributable to shareholders of listed companies was RMB 18,689,900, and a loss of RMB 7,617,900 during the same period last year; Net profit loss was RMB 18.82121 million.

In early 2020, the epidemic of new coronavirus pneumonia continued to spread globally, which had a very adverse impact on the service industry. The tourist attractions and the hotel and catering industry were the first to bear the brunt. The tourist attractions in Tibet were temporarily suspended, and the operating performance in the first quarter declined significantly.

Tibet Tourism stated that with the company's comprehensive recovery of scenic area operations and the gradual implementation of marketing, product innovation and other measures, the tourist reception of various scenic spots is steadily picking up, but the overall reception scale and sales revenue are still difficult to achieve significant in the short term breakthrough. It is predicted that in the first half of 2020, the company's accumulated net profit may suffer losses or significant changes compared with the same period of the previous year.

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