Nanjing Business Travel (stock code: 600250), as a well-known domestic travel and trade service provider, showed strong development momentum in 2023 against the backdrop of weak global economic growth. By actively seizing market recovery opportunities, the company successfully changed its name to “Nanjing Business Travel” and achieved high-quality business growth driven by the “tourism+commerce” dual business strategy.
In terms of assets and liabilities, the total assets of Nanjing Business Travel declined slightly from 1,701 billion yuan in 2022 to 1,675 billion yuan, reflecting the company's optimization of its asset structure. Total liabilities were reduced from 970 million yuan to 893 million yuan, and the balance ratio fell from 56.99% to 53.32%, indicating that the company reduced financial leverage and enhanced financial soundness.
In terms of profit, although net profit attributable to shareholders of listed companies fell from 42.21 million yuan to 34.14 million yuan, and net profit fell 19.13%, mainly affected by non-recurring profit and loss in the previous year, net profit after deducting non-recurring profit and loss changed from loss to profit, increasing 153 million yuan, reflecting a significant increase in the profitability of the company's main business. Furthermore, gross margin and net margin increased to 29.36% and 10.71%, respectively, from 12% and 5.92% from the previous year, and the return on net assets (ROE) also increased from 6.4% to 12.11%, further proving the increase in the company's profitability and return on capital.
In terms of cash flow, the net cash flow from operating activities was drastically revised from -34.6 million yuan in the previous year to 125 million yuan, reflecting a sharp increase in the company's cash inflow from operating activities and a healthy financial situation. This shift was mainly due to a sharp reduction in cash payments for trade purchases and strong growth in the travel business.
In summary, in 2023, through active market strategies and business adjustments, Nanjing Business Travel successfully coped with the complex and changing market environment, and achieved steady business growth and financial structure optimization. The company's transformation and upgrading strategy has achieved initial results, laying a solid foundation for future development. Looking forward to the future, Nanjing Business Travel is expected to continue to develop its core competitiveness and achieve continuous growth in the field of tourism and commerce.