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复星旅文钱建农:未来看好绿色经济、碳中和背景中受益的行业

Qian Jiannong of Fosun Travel: be optimistic about the industries benefiting from the green economy and carbon neutralization in the future

新浪財經 ·  Dec 8, 2021 16:30

"the development of digital technology provides an efficient tool for supervising market manipulation. It is an irreversible trend in investor protection to monitor abnormal transactions and make rapid feedback mechanisms by means of science and technology," said Qian Jiannong, chairman and CEO of Fosun Tourism Culture Group. "the company is optimistic," Qian Jiannong, chairman and CEO of Fosun Tourism Culture Group, said.Industries that benefit from sustainable development, green economy, global carbon neutralization, and industries with large markets and structural adjustment needs.

Sina Finance and Economics: in the past year, the Hong Kong stock market / US-listed stock market is relatively volatile, how is the company's operation in the past year, and how to cope with the impact of the market? What efforts have been made?

Qian Jiannong: in 2020, the global tourism industry suffered an unprecedented public health crisis. The COVID-19 epidemic swept through various countries and regions. Large-scale public health measures and travel restrictions hit the global tourism industry deeply. In 2020, the turnover of the Group's tourism operations decreased by 53.2% year-on-year to RMB 6.95 billion. The loss attributable to shareholders in 2020 was RMB 2.57 billion, while the profit attributable to shareholders in 2019 was RMB 610 million.

At the moment of the epidemic, the Group strives to maintain a healthy financial level and control operating and headquarters costs. Atlantis successfully issued RMB 6.8 billion CMBS,Club Med in 2020 and obtained 180 million euros of government-guaranteed loans, and further implemented 70 million euros of government-guaranteed loans in January 2021. At the end of 2020, the group's cash and bank balance increased by 2.43 billion yuan compared with the end of 2019, and the short-term debt ratio decreased to 16.4% from 29.7% at the end of 2019.

In 2020, fixed cost savings for Club Med were 270 million euros, and fixed costs in the 10 months after the outbreak began were 41 per cent lower than in the same period last year. In 2020, human resources costs decreased by 34% compared with the same period last year, and capital expenditure decreased by 35% compared with the same period last year. The total operating cost of Sanya Atlantis decreased by 92 million yuan compared with the same period last year. The annual labor cost dropped by 17.0% compared with the same period last year, and the annual energy cost decreased by about 18% compared with the same period last year.

In the first half of 2021, the company continued to implement various safety measures to reduce the impact of the epidemic on the operation of our resort, ensure the health and safety of customers and employees, and speed up the recovery of operations. We have promoted the "Safe Together" health plan in the reopened resorts, assigned commissioners to supervise all aspects of health and safety matters in the resorts, and launched online precision marketing activities to improve the passenger flow conversion rate and booking rate of the open resorts. At the same time, we have implemented efficient cash management measures, including rent negotiations, postponement of certain expenditure, and cancellation or postponement of certain capital expenditure.

As a result of the epidemic, we have not stopped developing. At the beginning of 2020, the Group has established 16 new Club Med Bali Resorts to be opened by 2023, and plans to have no less than 30 Casa Cook brands worldwide. After the restart of the digital transformation of Thomas Cook, the development will be accelerated. Content-side business, such as our play club, travel retail and other new business has a very good foundation, is currently entering a period of rapid growth. We are committed to building a complete and rich ski ecosystem. Club Med Bali already operates 19 ski resorts and will open 6-8 ski resorts by the end of 2023, including 2 new ski resorts in Changbai Mountain in China and Chonglitai Dance Resort in Beijing. There will be 6-8 ski resorts in and around China, while a letter of intent was signed in the first half of 2021 with Alps Group, a leading French ski resort operator, with the aim of creating a Sino-foreign joint venture in China to strengthen the application management of ski resorts and leisure theme parks in East Asia, especially in China.

Sina Finance: what kind of company is the core asset of China? how do you understand this? Which aspects of your own company are more in line with the core assets or how will they integrate into the development trend of the times in the future?

Qian Jiannong: I think it represents the future lifestyle, has the ecosystem and core brand ability to quickly feedback the needs of users, and has the ability to continuously export innovative products. Enterprises that meet the needs of China's industrial upgrading will become the core assets of Hong Kong stocks and China's capital market.

We judge that with the rapid development of the digital economy, people's connection on the physical side is diluted, at the same time, the disposable time increases, the boundary between vacation and work life tends to be blurred, and people increasingly call for a way of life to meet the diversified needs. Fosun Traveler hopes to create a FOLIDAY lifestyle, which is leading. As we advocate the FOLIDAY lifestyle, we will introduce more products that are in line with the trend of holiday life in the future. Fosun Travel takes Club Med, the world's largest leisure resort group and Sanya Atlantis as the bottom of its ecosystem, and builds a vertical ecosystem with globalized C-end platform, content and offline scenes to better serve the leisure and vacation needs of families around the world. This ecosystem will continue to iterate itself and quickly create innovative products, which will build an insurmountable barrier for traditional tourism enterprises to create a holiday life that belongs to the future.

Fosun Luwen's global brand and focus on leisure vacation have occupied the leading position of the leisure resort in the world, which meets the needs of the upgrading of China's literature and tourism industry.

Sina Finance and Economics: the opposite of the core assets is the pig-killing plate and fairy stocks severely cracked down on by Hong Kong regulators. What do you think of the phenomenon of sitting and cheating in Hong Kong? what do you think of the efforts of the Hong Kong Securities Regulatory Commission and the Hong Kong Stock Exchange this year? do you have any good suggestions?

Qian Jiannong: we recognize the efforts of the Hong Kong Securities and Exchange Commission and the HKEx in continuously purifying the market trading environment. The development of digital technology provides an efficient tool for supervising market manipulation. It is an irreversible trend of investor protection to monitor abnormal transactions and make rapid feedback mechanisms by means of science and technology.

Sina Finance and Economics: with the strengthening of regulation and inflation, which industries will you be more optimistic about in the future? will the company strengthen business cooperation in this area in the future?

Industries that benefit from sustainable development, green economy, global carbon neutralization, and industries with large markets and structural adjustment needs.

The company received the first MSCI report in 2021, rated AA, ranking first among global participants in the hotel and tourism categories. With people's continuous attention and investment in environmental protection, social equity and corporate governance, the company's industry adheres to its natural advantages with its environmental friendliness, respect for employees and user care, and will make unremitting efforts to neutralize carbon in the future. to create a new era of intelligent technology leisure life, will continue to optimize the ecosystem of leisure and vacation scenes and collaborative screening. Constantly improve the integration of the concept of sustainable development in management and business activities.

China's culture and tourism industry accounts for more than 10% of GDP, and is undergoing a transition from sightseeing to leisure vacation, and there will be huge structural opportunities in the future. The Group is already a global leader in leisure and vacation and is bound to fully benefit from the transformation of the Chinese market.

Sina Finance: what are the messages and expectations for the selection of the best listed companies in Hong Kong and US stocks of Sina Finance Jin Kirin?

Qian Jiannong: I hope that the selection activities will continue to output growth value for investors and listed companies.

The translation is provided by third-party software.


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