2016 年年度报告
公司代码：900929 公司简称：锦旅 B 股
上海锦江国际旅游股份有限公司
2016 年年度报告
重要提示
一、 本公司董事会、监事会及董事、监事、高级管理人员保证年度报告内容的真实、准确、完整，
不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。
二、 公司全体董事出席董事会会议。
三、 德勤华永会计师事务所（特殊普通合伙）为本公司出具了标准无保留意见的审计报告。
四、 公司负责人邵晓明、首席执行官包磊、主管会计工作负责人庄琦及会计机构负责人（会计主
管人员）陈炫兆声明：保证年度报告中财务报告的真实、准确、完整。
五、 经董事会审议的报告期利润分配预案或公积金转增股本预案
经德勤华永会计师事务所（特殊普通合伙）审计确认，2016年度母公司净利润83,594,330.18
元，加上年积余未分配利润167,586,653.04元，本年度可供股东分配利润为251,180,983.22元。
公司拟定2016年度利润分配预案为：以截至2016年12月31日的总股本132,556,270股为基数，为每
10股派发现金红利人民币2.32元（含税）,红利派发总额计30,753,054.64元，剩余未分配利润
220,427,928.58元结转下年度。
本利润分配预案尚需提交公司股东大会审议。
六、 前瞻性陈述的风险声明
√适用 □不适用
本报告中所涉及的未来计划、发展战略等前瞻性描述不构成公司对投资者的实质承诺，敬请
投资者注意投资风险。
七、 是否存在被控股股东及其关联方非经营性占用资金情况
否
八、 是否存在违反规定决策程序对外提供担保的情况？
否
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2016 年年度报告
九、 重大风险提示
√适用 □不适用
公司已在本年度报告“董事会报告”有关章节中详细描述公司可能面对的风险，敬请投资者
予以关注。
十、 其他
√适用 □不适用
本年度报告分别以中文和英文两种文字印刷，在对两种语言文本的说明上存在歧义时，以中
文文本为准。
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2016 年年度报告
目录
第一节 释义..................................................................................................................................... 4
第二节 公司简介和主要财务指标 ................................................................................................. 5
第三节 公司业务概要..................................................................................................................... 9
第四节 经营情况讨论与分析 ....................................................................................................... 11
第五节 重要事项........................................................................................................................... 23
第六节 普通股股份变动及股东情况 ........................................................................................... 29
第七节 优先股相关情况 ............................................................................................................... 32
第八节 董事、监事、高级管理人员和员工情况 ....................................................................... 33
第九节 公司治理........................................................................................................................... 39
第十节 公司债券相关情况 ........................................................................................................... 41
第十一节 财务报告........................................................................................................................... 42
第十二节 备查文件目录.........................................................43
附：财务报表及审计报告
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2016 年年度报告
第一节 释义
一、 释义
在本报告书中，除非文义另有所指，下列词语具有如下含义：
常用词语释义
中国证监会 指 中国证券监督管理委员会
上交所 指 上海证券交易所
集团、锦江国际、锦江国际集团 指 锦江国际（集团）有限公司
锦江酒店 指 上海锦江国际酒店（集团）股份有限公司
财务公司 指 锦江国际集团财务有限公司
公司、本公司、锦江旅游 指 上海锦江国际旅游股份有限公司
上海国旅 指 上海国旅国际旅行社有限公司
锦旅控股（原上海锦旅） 指 上海锦江旅游控股有限公司（原上海锦江旅游有限公司更
名）
上旅 指 上海旅行社有限公司
华亭海外 指 上海华亭海外旅游有限公司
锦江会展公司 指 上海锦江国际会展有限公司
锦江商旅 指 上海锦江商旅汽车服务股份有限公司
浦江游览 指 上海浦江游览有限公司
WeHotel 指 上海齐程网络科技有限公司
浦发银行 指 上海浦东发展银行股份有限公司
交通银行 指 交通银行股份有限公司
豫园商城 指 上海豫园旅游商城股份有限公司
申万宏源 指 申万宏源集团股份有限公司
国泰君安 指 国泰君安证券股份有限公司
国内游业务 指 公司及下属旅行社招徕、组织和接待中国内地居民在境内
旅游的业务，包括安排交通、住宿、餐饮、观光旅游、休
闲度假、导游服务等
入境旅游业务 指 公司及下属旅行社招徕、组织和接待外国旅游者来我国境
内旅游的业务，包括安排交通、住宿、餐饮、观光旅游、
休闲度假、导游服务等
出境旅游业务 指 公司及下属旅行社招徕、组织中国公民赴境外旅游的业
务，包括安排境外交通、住宿、餐饮、观光旅游、休闲度
假、导游领队服务等
会奖旅游业务 指 公司及下属旅行社为企事业单位、机关团体等组织提供相
关的会议（Meeting）、奖励旅游（Incentive）、大会
（Convention）、展览（Exhibition）等活动的相关服务，
包括提供全方位的咨询、策划、安排、执行等专业会奖服
务
《公司章程》 指 《上海锦江国际旅游股份有限公司章程》
《公司法》 指 《中华人民共和国公司法》
《证券法》 指 《中华人民共和国证券法》
报告期、本年度 指 2016 年度
元、万元 指 人民币元、人民币万元
注：WeHotel 即上海齐程网络科技有限公司及其运营开发的以“移动互联网+智能酒店+共享服务+
消费金融”商业模式为依托的全球酒店共享平台。
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2016 年年度报告
第二节 公司简介和主要财务指标
一、 公司信息
公司的中文名称 上海锦江国际旅游股份有限公司
公司的中文简称 锦江旅游
公司的外文名称 Shanghai Jinjiang International Travel Co., Ltd.
公司的外文名称缩写 JJIT
公司的法定代表人 邵晓明
二、 联系人和联系方式
董事会秘书 证券事务代表
姓名 张珏 向晟
联系地址 上海市延安东路100号联谊大厦27楼 上海市延安东路100号联谊大厦27楼
电话 63264000 63264000
传真 63296636 63296636
电子信箱 zhangjue@jjtravel.com xiangsheng@jjtravel.com
三、 基本情况简介
公司注册地址 上海市延安东路100号联谊大厦27楼
公司注册地址的邮政编码 200002
公司办公地址 上海市延安东路100号联谊大厦27楼
公司办公地址的邮政编码 200002
公司网址 www.jjtravel.com
电子信箱 scits@scits.com
四、 信息披露及备置地点
公司选定的信息披露媒体名称 《上海证券报》、《大公报》
登载年度报告的中国证监会指定网站的网址 www.sse.com.cn
公司年度报告备置地点 本公司、上海证券交易所
五、 公司股票简况
公司股票简况
股票种类 股票上市交易所 股票简称 股票代码 变更前股票简称
B股 上海证券交易所 锦旅B股 900929
六、 其他相关资料
名称 德勤华永会计师事务所（特殊普通合伙）
公司聘请的会计师事务所（境
办公地址 上海市延安东路 222 号外滩中心 30 楼
内）
签字会计师姓名 倪敏、花盛
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2016 年年度报告
七、 近三年主要会计数据和财务指标
(一) 主要会计数据
单位：元 币种：人民币
本期比上年
主要会计数据 2016年 2015年 2014年
同期增减(%)
营业收入 1,907,531,142.26 2,280,187,322.60 -16.34 2,164,218,159.62
归属于上市公司股东 61,137,877.20 60,752,458.26 0.63 58,598,182.93
的净利润
归属于上市公司股东 -4,926,519.82 22,058,347.30 不适用 45,175,823.99
的扣除非经常性损益
的净利润
经营活动产生的现金 -64,802,366.73 -30,553,566.86 不适用 -27,681,451.79
流量净额
本期末比上
2016年末 2015年末 年同期末增 2014年末
减（%）
归属于上市公司股东 1,167,858,604.59 1,269,072,888.25 -7.98 1,190,719,003.09
的净资产
总资产 1,657,818,410.73 1,795,795,701.68 -7.68 1,727,647,008.32
期末总股本 132,556,270.00 132,556,270.00 0.00 132,556,270.00
(二) 主要财务指标
主要财务指标 2016年 2015年 本期比上年同期增减(%) 2014年
基本每股收益（元／股） 0.4612 0.4583 0.63 0.4421
稀释每股收益（元／股） 不适用 不适用 不适用 不适用
扣除非经常性损益后的基本每股 -0.0372 0.1664 不适用 0.3408
收益（元／股）
加权平均净资产收益率（%） 5.14 4.91 增加0.23个百分点 6.34
扣除非经常性损益后的加权平均 -0.41 1.78 减少2.19个百分点 4.89
净资产收益率（%）
报告期末公司前三年主要会计数据和财务指标的说明
□适用 √不适用
八、 境内外会计准则下会计数据差异
(一) 同时按照国际会计准则与按中国会计准则披露的财务报告中净利润和归属于上市公司股东
的净资产差异情况
□适用 √不适用
(二) 同时按照境外会计准则与按中国会计准则披露的财务报告中净利润和归属于上市公司股东的
净资产差异情况
□适用 √不适用
(三) 境内外会计准则差异的说明：
□适用 √不适用
九、 2016 年分季度主要财务数据
单位：元 币种：人民币
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2016 年年度报告
第一季度 第二季度 第三季度 第四季度
（1-3 月份） （4-6 月份） （7-9 月份） （10-12 月份）
营业收入 374,042,811.14 425,102,411.56 487,097,883.12 621,288,036.44
归属于上市公司股东
14,105,384.69 35,901,302.81 2,166,881.11 8,964,308.59
的净利润
归属于上市公司股东
的扣除非经常性损益 -2,348,953.97 20,606,901.17 -8,064,958.51 -15,119,508.51
后的净利润
经营活动产生的现金
-26,565,343.24 40,234,338.10 -32,745,622.68 -45,725,738.91
流量净额
季度数据与已披露定期报告数据差异说明
□适用√不适用
十、 非经常性损益项目和金额
√适用 □不适用
单位:元 币种:人民币
附注（如
非经常性损益项目 2016 年金额 2015 年金额 2014 年金额
适用）
非流动资产处置损益 222,393.39 -19,981.90 -943,666.89
计入当期损益的政府补助，但 6,902,884.60 4,640,299.80 7,414,471.71
与公司正常经营业务密切相
关，符合国家政策规定、按照
一定标准定额或定量持续享
受的政府补助除外
除同公司正常经营业务相关 79,026,886.95 出售可 46,329,510.93 11,013,298.80
的有效套期保值业务外，持有 供出售
交易性金融资产、交易性金融 金融资
负债产生的公允价值变动损 产收益
益，以及处置交易性金融资 同比增
产、交易性金融负债和可供出 加
售金融资产取得的投资收益
单独进行减值测试的应收款 1,513,121.69 639,757.03 194,057.27
项减值准备转回
对外委托贷款取得的损益 29,083.36
除上述各项之外的其他营业 435,598.99 15,239.36 160,790.31
外收入和支出
少数股东权益影响额 -11,757.86 -9,543.67 -15,378.84
所得税影响额 -22,024,730.74 -12,901,170.59 -4,430,296.78
合计 66,064,397.02 38,694,110.96 13,422,358.94
十一、 采用公允价值计量的项目
√适用 □不适用
单位：元 币种：人民币
对当期利润的影
项目名称 期初余额 期末余额 当期变动
响金额
可供出售金融资产 923,440,848.47 730,483,302.60 -192,957,545.87 103,386,683.50
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2016 年年度报告
合计 923,440,848.47 730,483,302.60 -192,957,545.87 103,386,683.50
十二、 其他
□适用 √不适用
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2016 年年度报告
第三节 公司业务概要
一、报告期内公司所从事的主要业务、经营模式及行业情况说明
公司主要业务与经营模式
本公司及下属主要子公司从事旅行社业务，组织海外游客入境旅游，中国公民国内旅游和出
境旅游,向消费者提供观光旅游、休闲度假、会务会展、旅游咨询等服务。截止 2016 年 12 月 31
日,公司在上海地区拥有六十多家门店，销售公司旗下子公司上海国旅、锦旅控股、上旅和华亭海
外推出的“有趣”、“乐趣”、“福鸟”、“锦粹”、“锦彩”、“锦悦”、“锦 Show”、“轻
奢周末”、“呼朋唤友”、“尊贵之旅”、“徒步山水”、“G 结号”、“萌宝当家”等品牌的
旅行产品。2016 年度，公司旅游及相关业务占公司当年全部营业收入的比重为 98.27%，与上年度
相比减少 0.23 个百分点,没有发生重大变化。
行业情况
公司所处的行业为旅游行业，根据证监会《上市公司行业分类指引》，公司归属于“社会服
务业旅游业”。旅游业作为一个朝阳产业，随着我国经济的快速发展和人民生活水平的提高，人
们对旅游消费的观念也进一步提升。近几年来，我国的旅游业一直保持平稳较快增长，有力的拉
动了我国国民经济，旅游业正成为国民经济发展的重要产业，对整个国民经济和社会发展都具有
战略性关联带动作用。
根据《2016-2017 中国旅游消费市场发展报告》显示, 当前我国旅游消费与日常生活融合加
快，大众旅游上升为国家战略。国内旅游年人均花费增长到 880 元，旅游销售加入到以采购电器、
服装、生活用品为主题的“双十一”促销战中，成为人们日常采购的主要对象，家庭旅游占比达
60%，好友组织的出行占比在 20%左右。自由行成为主要出行方式，自驾游、乡村游持续升温，带
动全域旅游示范工作顺利开展。当前国内、入境、出境旅游三大市场的自助游客比例分别为 93%、
82%、61%。国内自驾游、乡村游等旅游形式成为出游常态。
二、报告期内公司主要资产发生重大变化情况的说明
√适用 □不适用
详见“第四节管理层讨论与分析（六）重大资产和股权出售”。
三、报告期内核心竞争力分析
√适用 □不适用
1、品牌优势。公司拥有“锦江旅游”等品牌，公司下属的全资及控股子公司上海国旅、锦旅
控股、上旅、华亭海外等旅游企业均是我国经营历史悠久，经营规模较大的旅行社企业，具有较
强的市场竞争力，拥有一批较为稳定的客户群体。
2、规模优势。公司和控股子公司历年来在全国百强旅行社评比中均名列前茅，在上海旅行社
行业中各项业务指标均较为领先，市场影响力较大、信用度较高。
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2016 年年度报告
3、资源优势。公司管理制度健全，经营运作规范，业务内容不断丰富，操作手段不断成熟，
服务质量不断提高，六十多家门店分布于上海各个地区，客源基础充实，拥有一批素质较高的专
业人才队伍和国内外供应商。
4、集团优势。公司依托锦江国际集团综合实力和社会影响力，在同行竞争中处于相对优势地
位。
2016 年度，公司下属旅行社企业上海锦旅荣获由东方早报授予的“2015 年度最佳上海旅行服
务机构”称号、荣获由《旅行社》杂志授予的“2015 年度华东地区最佳旅行社”称号、荣获由上
海市“企业诚信创建”活动组委会及上海市旅游行业协会授予的上海市“五星级诚信创建企业”
称号、荣获由国家旅游局授予的“2015 年度全国文明旅游先进单位”称号、荣获第十三届上海世
界旅游博览会“最受欢迎旅行社”称号；上海国旅、华亭海外荣获由上海市“企业诚信创建”活
动组委会及上海市旅游行业协会授予的上海市“五星级诚信创建企业”称号。
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2016 年年度报告
第四节 经营情况讨论与分析
一、经营情况讨论与分析
2016 年，虽受国际政治、经济、卫生事件的影响，我国出境游市场仍呈现良性发展态势，根
据中国国家旅游局《2017 年全国旅游工作报告》，预计 2016 年出境旅游人数将达到 1.22 亿人次，
同比增长 4.3%。公司作为传统旅行社企业，受游客出行方式改变、迅速成长的在线旅游业巨大的
冲击，传统团队业务面临较大挑战，利润空间、市场份额不断被挤压。公司下属旅行社企业根据
自身特点，扬长避短，将新产品研发、优质品牌培育、渠道开放融合等作为重要抓手，创新探索
步伐进一步加快。报告期内，实现出境游 15.56 万人次，比上年同期下降 9.60%。
入境旅游方面，受全球政治环境、经济形势影响，报告期内公司实现传统入境组团 5.88 万人
次，比上年同期下降 22.14%；实现传统入境接待 2.90 万人次，比上年同期下降 3.87%。公司入境
游部门正加快转型步伐，克服汇兑损益影响、积极开发外联市场新客户，并由传统入境组团业务
单一接待职能向综合性服务衍生。
国内游方面，公司加大“呼朋唤友”等品牌营销投入力度，针对市场变化，灵活调整经营策
略，策划推出“徒步山水”短线系列产品，以“走出健康、欣赏美景”为主题，从特色酒店、特
色餐饮等方面提高产品市场吸引力。策划推出的春节年夜饭产品系列，积极迎合并引导消费者的
需求，产品销量连年递增。报告期内实现国内游 17.16 万人次，比上年同期增长 12.04%。
报告期内，上海迪士尼主题乐园正式开园，公司作为上海迪士尼度假区旅游业界合作伙伴，
下属旅行社线上积极开展各类营销活动，线下积极策划、推广“锦江旅游上海迪士尼度假区直通
车”产品，努力实现“在上海旅行的旅行专家”的发展目标。截至 2016 年末，公司销售的上海迪
士尼乐园门票数列上海地区传统旅行社出票数第一。
公司下属上海国旅与上海质子重离子医院举行签署战略合作协议仪式。双方建立起跨界业务
合作关系，开发国内高端医疗旅游市场，共同打造个性化医疗旅游产品。上海国旅正组织团队加
大高端医疗旅游产品研发力度，借助上海质子重离子医院提供的国际化医疗、体检项目，为游客
提供一对一的私人定制产品，服务项目由传统接待向出行方式和线路策划、专人陪诊、健康咨询
等延伸，力求为游客提供高品质、全方位的专业服务。
公司下属旅行社参展 2016 年上海世界旅游博览会，实现了场内场外、线上线下、展前展中三
个协同营销，“参锦江团、住锦江店、乘锦江车”的锦江品牌一站式服务体验，进一步提高了营
销吸引力，展会期间订单金额同比上届增长了 221%。2016 中国国际旅游交易会，公司下属旅行社
派出员工热情为宾客提供服务、积极展示推介锦江旅游的实力和品牌形象；同时，承接国家旅游
局委托的买家团和贵宾团，共派出 7 个语种的导游接待了来自海外政府代表的贵宾团、海外旅游
业界同行的买家团。公司的接待能力获得了国家旅游局、上海旅游局及海外贵宾、买家的一致赞
誉。
2016 年 11 月，“第九届全球健康促进大会”在上海国际会议中心召开。公司下属旅行社派
出专业团队，零差错地完成了所有会务和接待工作。以专业、高效的工作表现受到了世卫组织、
11
2016 年年度报告
国家卫计委以及上海市委市政府领导的高度表扬和肯定，称赞这支工作团队“特别专业、特别敬
业、执行力超强”。公司下属旅行社受上海市教委委托，出色的承办 2016 年 12 月 6 日教育部
“中英高级别人文交流机制第四次全体会议”活动的相关会务服务工作。
报告期内，为应对激烈的行业竞争，提升公司整体经营质量和效益，增强公司创新动力、活
力和能力，公司对旅行社业务进行改革，原下属子公司上海锦旅、上海国旅、华亭海外和上旅等
旅行社，将统一以“锦江旅游”品牌对外经营，同时保留原各家旅行社品牌名称，上海锦旅更名
为锦旅控股。锦旅控股对各品牌进行统筹管理，整合内部资源，加强业务联动，实现线上线下联
动，实现各品牌间以及酒店、旅游间的优势互补、协同发展。由锦旅控股统一经营、统一品牌、
统一办公、模式创新，以市场化为导向，产业、资本、资金、资产联动，全面优化管理结构、资
产结构、盈利模式和激励机制，形成不断强化合力和竞争力，全力提升公司品牌形象和市场影响
力，做大做强旅行社业务。
二、报告期内主要经营情况
2016 年度，公司实现合并营业收入 190,753.11 万元，比上年同期下降 16.34%，剔除营业税
改增值税影响，公司营业收入比上年同期下降 12.65%；实现营业利润 6,587.85 万元，比上年同
期增长 4.15%；实现利润总额 7,343.94 万元，比上年同期增长 8.17%；实现归属于上市公司股东
的净利润 6,113.79 万元，比上年同期增长 0.63%。
(一) 主营业务分析
利润表及现金流量表相关科目变动分析表
单位:元 币种:人民币
科目 本期数 上年同期数 变动比例（%）
营业收入 1,907,531,142.26 2,280,187,322.60 -16.34
营业成本 1,768,005,141.78 2,101,900,232.28 -15.89
销售费用 124,015,398.85 133,066,834.13 -6.80
管理费用 59,365,288.89 63,702,512.77 -6.81
财务费用 -4,327,455.23 -8,762,800.69 不适用
经营活动产生的现金流量净额 -64,802,366.73 -30,553,566.86 不适用
投资活动产生的现金流量净额 26,932,683.66 144,269,103.51 -81.33
筹资活动产生的现金流量净额 -30,487,942.10 -29,427,491.94 不适用
收入和成本分析
√适用 □不适用
分产品 2016 年度营业收入 2015 年度营业收入 本期比上年同期增减（%）
出境旅游 1,022,041,044.77 1,356,893,779.69 -24.68
入境旅游 104,557,984.35 123,147,597.73 -15.10
国内旅游 222,362,856.85 199,332,028.97 11.55
票务业务 348,746,521.28 372,422,489.82 -6.36
会奖等旅游业务 176,903,877.49 194,135,659.47 -8.88
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2016 年年度报告
旅游及相关业务小计 1,874,612,284.74 2,245,931,555.68 -16.53
其他业务 7,664,993.01 9,396,159.30 -18.42
主营业务收入小计 1,882,277,277.75 2,255,327,714.98 -16.54
房产业务收入 25,253,864.51 24,859,607.62 1.59
营业收入合计 1,907,531,142.26 2,280,187,322.60 -16.34
(1). 主营业务分行业、分产品、分地区情况
单位:元 币种:人民币
主营业务分行业情况
营业收 营业成
毛利率 入比上 本比上 毛利率比上
分行业 营业收入 营业成本
（%） 年增减 年增减 年增减（%）
（%） （%）
旅游及相 1,874,612,284.74 1,752,574,747.78 6.51 -16.53 -15.96 减少 0.64
关业务 个百分点
其他业务 7,664,993.01 5,586,357.28 27.12 -18.42 -21.46 增加 2.82
个百分点
合计 1,882,277,277.75 1,758,161,105.06 6.59 -16.54 -15.97 减少 0.63
个百分点
主营业务分地区情况
营业收 营业成
毛利率 入比上 本比上 毛利率比上
分地区 营业收入 营业成本
（%） 年增减 年增减 年增减（%）
（%） （%）
中国大陆 1,774,583,252.90 1,666,514,578.63 6.09 -16.93 -16.20 减少 0.82
地区 个百分点
除中国大 107,694,024.85 91,646,526.43 14.90 -9.51 -11.65 增加 2.05
陆外其他 个百分点
地区
合计 1,882,277,277.75 1,758,161,105.06 6.59 -16.54 -15.97 减少 0.63
个百分点
主营业务分行业、分产品、分地区情况的说明
√适用 □不适用
主营业务分行业的情况说明
2016 年度，本公司旅游及相关业务的营业收入比上年同期下降 16.53%，占公司当年营业收入
的比重为 98.27%，与上年同期相比减少 0.23 个百分点，没有发生重大变化。
2016 年度，本公司其他业务的营业收入比上年同期下降 18.42%，占公司当年营业收入的比重
为 0.40%，与上年同期相比减少 0.01 个百分点，没有发生重大变化。
2016 年度，本公司旅游及相关业务的毛利率比上年同期减少 0.64 个百分点，主要是：安全
等因素，受到欧洲主要目的地国家难民潮与恐怖袭击事件、日本地震、人民币贬值等影响；市场
因素，受到在线旅游的冲击，团队游产品不再是市场主流，散客化自由行趋势明显，产品转型缓
慢；迪士尼业务不及预期；邮轮市场业务风险积聚，公司收缩邮轮业务等影响。
13
2016 年年度报告
主营业务分地区的情况说明
2016 年度，本公司位于中国大陆地区的营业收入比上年同期下降 16.93%，占公司当年主营业
务收入的比重为 94.28%，与上年同期相比减少 0.44 个百分点，没有发生重大变化。
2016 年度，本公司位于中国大陆外其他地区的营业收入比上年同期下降 9.51%，占公司当年
主营业务收入的比重为 5.72%，与上年同期相比增加 0.44 个百分点，没有发生重大变化。
(2). 成本分析表
单位：元
分行业情况
上年同
本期占 本期金额较
成本构 期占总 情况
分行业 本期金额 总成本 上年同期金额 上年同期变
成项目 成本比 说明
比例(%) 动比例(%)
例(%)
旅游及 旅 游 垫 1,752,574,747.78 99.13 2,085,304,202.36 99.21 -15.96
相关业 付 成 本
务 等
其他业 货 运 业 5,586,357.28 0.31 7,112,774.36 0.34 -21.46
务 务成本
合计 1,758,161,105.06 99.44 2,092,416,976.72 99.55 -15.97
分产品情况
上年同
本期占 本期金额较
成本构 期占总 情况
分产品 本期金额 总成本 上年同期金额 上年同期变
成项目 成本比 说明
比例(%) 动比例(%)
例(%)
出 境旅 旅 游 垫 956,611,019.61 54.11 1,258,913,620.34 59.89 -24.01
游 付成本
入 境旅 旅 游 垫 89,131,473.58 5.04 107,799,570.01 5.13 -17.32
游 付成本
国 内旅 旅 游 垫 212,109,835.11 12.00 188,176,837.11 8.95 12.72
游 付成本
票 务业 旅 游 垫 343,800,538.43 19.44 365,648,441.36 17.40 -5.98
务 付成本
会 奖等 会 奖 等 150,921,881.05 8.54 164,765,733.54 7.84 -8.40
旅 游业 旅 游 业
务 务 垫 付
成本
旅游及 1,752,574,747.78 99.13 2,085,304,202.36 99.21 -15.96
相关业
务小计
其他业 5,586,357.28 0.31 7,112,774.36 0.34 -21.46
务
主营业 1,758,161,105.06 99.44 2,092,416,976.72 99.55 -15.97
务收入
小计
房产业 9,844,036.72 0.56 9,483,255.56 0.45 3.80
务收入
营业成 1,768,005,141.78 100.00 2,101,900,232.28 100.00 -15.89
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2016 年年度报告
本合计
成本分析其他情况说明
√适用 □不适用
如前所述，本公司主要从事旅行社业务，营业成本主要为旅游垫付成本。2016 年度，公司旅
游及相关业务占公司当年全部营业成本的比重为 99.13%，比上年同期减少 0.08 个百分点，没有
发生重大变化。
2016 年度，本公司合并营业成本为 176,800.51 万元，比上年同期下降 15.89%。其中，旅游
及相关业务成本为 175,257.47 万元，比上年同期下降 15.96%，主要是营业税改增值税后，因价
税分离，营业成本按不含税的成本确认以及出境游业务同比下滑等因素影响。
(3). 主要销售客户及主要供应商情况
□适用 √不适用
费用
□适用 √不适用
现金流
√适用 □不适用
（1）经营活动产生的现金流量净额
本报告期-6,480.24 万元，上年同期-3,055.36 万元，比上年同期净额减少 3,424.88 万元，
主要是本报告期营业收入减少、应收账款增加所致。
（2）投资活动产生的现金流量净额
本报告期 2,693.27 万元，上年同期 14,426.91 万元，比上年同期净额减少 11,733.64 万元，
主要是报告期取得投资收到的现金比上年同期减少，以及投资支付的现金比上年同期增加所致。
（3）筹资活动产生的现金流量净额
本报告期-3,048.79 万元，上年同期-2,942.75 万元，比上年同期增加流出 106.04 万元，主
要是本报告期现金分红比上年同期增加所致。
(二) 非主营业务导致利润重大变化的说明
√适用 □不适用
2016 年度，公司可供出售金融资产持有和处置取得的税前收益占公司当年合并利润总额的比
例为 140.78%，比上年同期增加了 22.72 个百分点。其中，取得浦发银行、交通银行、豫园商城
股票等分配的现金股利 2,435.98 万元，比上年同期减少 955.38 万元，处置浦发银行股票等取得
的税前投资收益 7,902.69 万元，同比上年同期增加 3,278.88 万元。
15
2016 年年度报告
(三) 资产、负债情况分析
√适用□不适用
资产及负债状况
单位：元
本期期 上期期
本期期末
末数占 末数占
金额较上
项目名称 本期期末数 总资产 上期期末数 总资产 情况说明
期期末变
的比例 的比例
动比例（%）
（%） （%）
其他流动资产 0.00 0.00 1,668,629.53 0.09 不适用 比期初减少，主
要是预交所得
税退回所致
在建工程 664,910.37 0.04 477,250.00 0.03 39.32 比期初增加，主
要是软件开发
工程支出增加
所致
无形资产 658,375.09 0.04 1,175,750.04 0.07 -44.00 比期初减少，主
要是按期摊销
所致
递延所得税资产 9,999,729.76 0.60 5,581,737.13 0.31 79.15 比期初增加，主
要是确认下属
主要子公司可
抵扣亏损产生
的递延所得税
资产所致
应付职工薪酬 26,660,416.08 1.61 18,645,327.65 1.04 42.99 比期初增加,主
要是计提年终
奖以及旅行社
业务整合的人
工费用所致
应交税费 12,047,677.13 0.73 9,025,336.33 0.50 33.49 比期初增加，主
要是应交所得
税增加所致
其他说明
利润表项目 2016 年 1 月 1 日至 2015 年 1 月 1 日至 变化率 变化原因说明
2016 年 12 月 31 日 2015 年 12 月 31 日 （％）
税金及附加 同比减少，主要是营业税改
6,869,959.21 13,415,810.10 -48.79
增值税价税分离所致。
财务费用 同比减少收益，主要是利息
-4,327,455.23 -8,762,800.69 不适用 收入减少、汇兑损失增加所
致
资产减值损失 同比减少，主要是收回已计
(转回) -1,513,121.69 -638,404.30 不适用 提了坏账准备的应收账款增
加所致
16
2016 年年度报告
投资收益 同比增加，主要是可供出售
110,762,548.90 85,752,955.89 29.16
金融资产处置收益增加所致
其中：对联营企 同比增加，主要是对浦江游
业和合营企业的 7,375,865.40 5,509,857.75 33.87 览、锦江商旅投资的收益增
投资收益 加所致
营业外收入
同比增加，主要是政府补助
8,032,736.01 4,658,350.60 72.44
收入增加所致
营业外支出
同比增加，主要是公司下属
471,859.03 22,793.34 1,970.16
旅行社罚没支出所致
所得税费用
同比增加，主要是可供出售
12,402,387.23 7,719,829.67 60.66
金融资处置收益增加所致
少数股东损益
同比减少亏损,主要是控股
-100,908.10 -580,636.47 不适用
子公司经营亏损减少所致
其他综合收益
同比减少,主要是可供出售
(损失)的税后净 -131,864,218.76 47,028,918.84 不适用
金融资产公允价值下降所致
额
截至报告期末主要资产受限情况
□适用√不适用
其他说明
□适用√不适用
(四) 行业经营性信息分析
□适用√不适用
(五) 投资状况分析
对外股权投资总体分析
√适用 □不适用
详见附注“对联营企业投资”、董事会报告“主要子公司、参股公司分析”
(1) 重大的股权投资
□适用√不适用
(2) 重大的非股权投资
□适用√不适用
(3) 以公允价值计量的金融资产
√适用□不适用
证券代 证券 最初投资 期初 期末 报告期所有 会计 股份来
期末账面值 报告期损益
码 简称 成本 持股 持股 者权益变动 核算 源
17
2016 年年度报告
比例 比例 科目
（%） （%）
原持有
可供
社会法
浦发 出售
600000 69,351,621.94 <1 <1 403,401,654.75 92,784,866.30 -71,204,319.72 人股、
银行 金融
二级市
资产
场购入
可供 原持有
交通 出售 社会法
601328 46,637,860.00 <1 <1 176,836,075.00 8,274,825.00 -15,400,368.75
银行 金融 人股、
资产 增配股
可供
原持有
豫园 出售
600655 4,073,000.47 <1 <1 136,524,158.60 2,032,321.10 -42,499,420.65 社会法
商城 金融
人股
资产
可供
原持有
申万 出售
000166 2,000,000.00 <1 <1 13,663,906.25 242,913.90 -2,760,109.64 社会法
宏源 金融
人股
资产
合计 122,062,482.41 / / 730,425,794.60 103,334,926.30 -131,864,218.76 / /
(六) 重大资产和股权出售
√适用□不适用
买卖其他上市公司股份的情况
证券代码 股份名称 期初股份 报 告 期 使用的资金 报 告 期 卖 期末股份数 产生的投资收
数量（股） 买 入 股 数量（元） 出 股 份 数 量（股） 益（元）
份数量 量（股）
（股）
600000 浦发银行 28,214,523 - - 6,000,000 24,885,975 79,026,886.95
注：2016 年 6 月 16 日，浦发银行发布 2015 年度利润分配及资本公积转增股本实施公告：每股普
通股派发现金红利 0.515 元（含税）；以资本公积按普通股每股转增 0.1 股。股权登记日为 2016
年 6 月 22 日。截至 2016 年 6 月 22 日，本公司持有浦发银行 26,714,523 股，新增持有 2,671,452
股。
(七) 主要控股参股公司分析
√适用□不适用
1、主要子公司分析
单位：元 币种：人民币
子公司
行业 主要产品或服务 注册资本 总资产 净资产 净利润
名称
上海国旅 服务业 旅游业务 20,000,000.00 118,022,103.62 43,063,900.31 96,092.62
锦旅控股 服务业 旅游业务 24,990,000.00 140,984,587.00 22,035,067.44 -18,705,289.67
上旅 服务业 旅游业务 2,000,000.00 4,515,347.36 -1,661,518.44 -1,034,919.83
华亭海外 服务业 旅游业务 10,830,738.58 18,337,736.25 7,671,705.31 -4,243,688.90
上海国之旅物业 物业管理及室内
服务业 1,000,000.00 9,625,191.24 1,241,860.75 4,411.62
管理有限公司 装潢
上海国之旅国际
货运代理有限公 服务业 货运代理 5,000,000.00 4,279,364.73 3,724,904.62 -935,548.42
司
上海国之旅导游 服务业 导游相关业务 100,000.00 1,057,866.62 465,943.82 20,378.58
18
2016 年年度报告
服务有限公司
上海国旅广告公
服务业 旅游广告业务 600,000.00 1,987,554.85 1,408,447.93 71,318.01
司
上海锦江出入境
服务业 出入境相关业务 1,000,000.00 5,837,777.24 1,302,194.22 74,508.67
服务有限公司
北京锦江国际旅
服务业 旅游业务 4,000,000.00 18,734,338.82 -272,146.94 26,512.64
行社有限公司
浙江锦旅国际旅
服务业 旅游业务 5,000,000.00 779,000.76 -145,501.43 29,808.72
行社有限公司
上海锦江国际绿
色假期旅游有限 服务业 旅游业务 6,000,000.00 881,519.44 -2,869,880.48 -940,546.29
公司
2、主要参股企业分析
单位：元 币种：人民币
营业收 营业利 净利润
参股公司 变化原因
营业收入 入变化 营业利润 润变化 净利润 变化率
名称 说明
率（%） 率（%） （%）
上海锦江商旅 主要是该
汽车服务股份 312,444,376.98 2.52 32,806,940.24 13.36 28,833,425.09 10.12 公司经营
有限公司 利润增加
(八) 公司控制的结构化主体情况
□适用√不适用
三、公司关于公司未来发展的讨论与分析
(一) 行业格局和趋势
√适用□不适用
国务院于 2016 年 12 月印发《“十三五”旅游业发展规划》，提出未来五年旅游业发展的主
要目标是：旅游经济稳步增长。城乡居民出游人数年均增长 10%左右，旅游总收入年均增长 11%
以上，旅游直接投资年均增 长 14%以上。到 2020 年，旅游市场总规模达到 67 亿人次， 旅游投
资总额 2 万亿元，旅游业总收入达到 7 万亿元。综合效益显著提升。旅游业对国民经济的综合贡
献度达到 12%，对餐饮、住宿、民航、铁路客运业的综合贡献率达到 85%以上，年均新增旅游就业
人数 100 万人以上。
中国旅游行业正处于快速发展时期，国内旅游、入境旅游、出境旅游全面繁荣发展，已成为
世界第一大出境旅游客源国和全球第四大入境旅游接待国，出境旅游人数和旅游消费均列世界第
一。旅游业成为社会投资热点和综合性大产业。2015 年全年实现旅游业总收入 4.13 万亿人民币，
同比增长 11%。全年全国旅游业对 GDP 的直接贡献为 3.32 万亿元，占 GDP 总量比重为 4.9%；综合
贡献为 7.34 万亿元，占 GDP 总量的 10.8%。旅游直接就业 2798 万人，旅游直接和间接就业 7911
万人，占全国就业总人口的 10.2%。
根据中国旅游研究院 2017 年 2 月 24 日发布的报告，2017 年国内旅游继续保持高位增长，预
计 2017 年国内旅游人数达到 48.80 亿人次，同比增长 10.0%。我国旅游已经发展到大众化旅游中
高级阶段，向日常休闲回归，差异化游憩环境逐渐成为休闲的手段。休闲需求进入越来越多百姓
19
2016 年年度报告
的日常生活，国内旅游需求旺盛。入境旅游继续回暖，预计 2017 年入境旅游人数有望达到 1.43
亿人次，国际旅游收入达到 1260 亿美元。在国内旅游市场环境不断改善的背景下，入境旅游市场
将继续保持稳步复苏的势头，进入全面恢复的发展通道。出境旅游回归理性，预计 2017 年出境旅
游人数达 1.27 亿人次。在国内休闲旅游替代加速、人民币贬值、跨境电商全面发展等因素共同作
用下，出境旅游市场进入相对稳定的发展阶段。
(二) 公司发展战略
√适用□不适用
旅游行业宏观经济面继续看好，旅游市场和产品结构继续向新业态方向发展，休闲度假、自
由行仍将高速增长；旅游行业资本市场的发展以及风投资金的进入，带来行业内收购重组和资产
配置的变化，在线平台加快旅游业务拓展步伐，旅游企业全球化布局步伐加快。中国旅游业发展
欣欣向荣，成为经济新常态下的重要增长点，未来五年仍有望保持高速发展势头。
公司将以旅行社业务为主进行相关业务联动，成为深耕上海、国内领先、国际布局的旅游服
务商。根据公司制定的“十三五”战略发展规划，公司的发展目标是成为旅行社业务为主、相关
业务联动，扎根上海、国内领先的综合性旅游服务上市公司。公司将通过线下业务整合、线上业
务构建等战略举措，优化商业模式，做大做强旅行社业务；同时，创新业务系统，打造以旅行社
业务为主、相关业务联动的多元化发展格局，加快推进战略布局，有效整合内外资源。
(三) 经营计划
√适用□不适用
2017 年，公司预计营收 20.96 亿元。公司将从市场需求出发，继续深耕旅行社主营业务，全
力支持下属旅行社企业创新商业模式、鼓励创新产品形式和服务方式、加快网上网下联动建设步
伐、落实风控措施、营造良好企业氛围、推动卓越运营。
一、全力推进锦旅控股创新商业模式、推动卓越运营、提升竞争能力。
公司将全力支持锦江旅游控股公司做好六大类十一项重点工作，尤其是集中办公、线上线下
渠道拓展、产品研发、品牌和质量管理、导游领队队伍建设、激励机制创新等重点任务。公司将
支持锦旅控股依托锦江国际集团产业链优势，发挥旅行社在引进客源、拉动资源方面的作用，加
快推进旅游商业模式和盈利模式创新，加快推进资本、资金、资产联动，加快推进旅游、酒店线
上线下协同。积极发挥线上平台作用，为旅游产业发展提供有力支撑。
二、加快旅游产品开发，积极开拓营销渠道。
公司及下属旅行社将从产品、渠道、品牌入手，大力推进旅游服务商业模式创新。一是强化
产品研发，研究市场需求，鼓励产品创新孵化；二是开拓营销渠道，推进业务协同，加强与集团
酒店在会员、积分、网络等方面的合作；三是提升品牌影响力，落实质量管理措施，确保全年无
重大服务质量事故。同时，积极开展集中采购工作，掌握更多优质资源。
三、加快网上网下联动建设步伐。
20
2016 年年度报告
打造“移动终端、线上直销平台、线下实体门店、业内同行渠道（B2B）”三位一体的营销网
络，大力提高旅游渠道端营销能力。加强同 WeHotel 合作，积极对接平台，形成网上营销优势，
实现线上线下联动拓展。根据功能定位，完成网点、物业布局调整，通过对部分物业装修改造，
实现旅行社主要运营机构集中办公，提升管理效率。设计、打造锦江旅游品牌旗舰店，加快调整
完善上海地区网点布局。
四、落实风控措施，营造良好氛围，为改革发展提供坚实保障。
公司将贯彻“依法治国”精神，增强“依法治企”意识，以精简高效为原则，不断完善事权
划分和制度梳理，优化调整相关控制流程，协助企业及时发现管理盲区。守好廉政、安全、稳定
底线，处理好改革、发展、稳定关系，为改革攻坚营造良好氛围。
五、推动卓越运营，服务生产一线，进一步激发组织活力和员工积极性。
公司将围绕卓越绩效管理体系“七要素”，支持锦旅控股分层分类、有计划、有步骤地推进
卓越绩效管理体系建设各项举措，将卓越绩效管理的意识和要求融入企业重点工作中去，营造学
习创新、追求卓越的企业文化和思维导向，通过多种方式让更多的中青年员工成长为业务骨干。
(四) 可能面对的风险
√适用□不适用
第一，行业风险。旅行社行业对社会政治、经济、文化、安全保护、自然灾害等各类重大事
件较为敏感，突发性的境内外重大事件一旦发生将直接影响旅游目的地和旅游客源地，造成旅行
社业务发展的波动性。
第二，经营风险。旅行社业务经营会产生比较大的应收帐款，市场的波动以及债务人的偿债
能力的降低，都会直接影响应收帐款的回收。作为劳动密集型企业，劳动力成本费用的逐年递增，
要求旅行社必须保持一定的发展速度。当前市场中的不正当竞争、低价低层次竞争现象仍然存在，
在线旅行社的兴起推动行业整体利润率进一步下滑。公司现有的业务大量依托传统的线下营销，
近年来快速增长的在线旅游对公司业务模式带来新的挑战。
第三，核心经营人员变动风险。公司的经营比较倚重于经营部门和业务人员。这些部门和人
员的变化会直接影响公司的经营规模和业绩。
第四，汇率变动风险。公司的业务大量涉及外汇交易和结算，人民币与相应外汇的汇率变化
会影响到公司的成本和收益。
对于以上风险，公司通过加强制度建设、完善内部控制体系、强化激励约束机制等方式，通
过辨析重要风险控制点，严格执行各项规章制度，不断提高风险防范、控制和应对能力。
(五) 其他
□适用√不适用
21
2016 年年度报告
四、公司因不适用准则规定或国家秘密、商业秘密等特殊原因，未按准则披露的情况和原因说明
□适用√不适用
22
2016 年年度报告
第五节 重要事项
一、普通股利润分配或资本公积金转增预案
(一) 现金分红政策的制定、执行或调整情况
√适用□不适用
报告期内，公司董事会、股东大会审议通过的 2015 年度利润分配方案，其现金分红标准、比
例和决策程序等，均符合有关法律法规和《公司章程》的相关规定。B 股红利按公司 2016 年度股
东大会决议日下一工作日（2016 年 5 月 27 日）中国人民银行公布的美元兑换人民币中间价“1
美元兑人民币 6.5490 元”折算，每股分配现金红利 0.035120 美元(含税)。
2016 年 6 月 23 日，公司在《上海证券报》、《大公报》上刊登《2015 年度利润分配实施公
告》。B 股最后交易日：2016 年 6 月 28 日；除息日：2016 年 6 月 29 日；B 股股权登记日：2016
年 7 月 1 日；B 股现金红利发放日：2016 年 7 月 8 日。B 股红利委托中国证券登记结算有限责任
公司上海分公司发放。控股股东的现金红利由公司直接发放。
(二) 公司近三年（含报告期）的普通股股利分配方案或预案、资本公积金转增股本方案或预案
单位：元 币种：人民币
占合并报表
分红年度合并
每 10 股 中归属于上
每 10 股送 现金分红的数 报表中归属于
分红 派息数 每 10 股转 市公司普通
红股数 额 上市公司普通
年度 (元)（含 增数（股） 股股东的净
（股） （含税） 股股东的净利
税） 利润的比率
润
(%)
2016 年 2.32 30,753,054.64 61,137,877.20 50.30
2015 年 2.30 30,487,942.10 60,752,458.26 50.18
2014 年 2.22 29,427,491.94 58,598,182.93 50.22
(三) 以现金方式要约回购股份计入现金分红的情况
□适用 √不适用
(四) 报告期内盈利且母公司可供普通股股东分配利润为正，但未提出普通股现金利润分配方案预
案的，公司应当详细披露原因以及未分配利润的用途和使用计划
□适用 √不适用
二、承诺事项履行情况
(一) 公司实际控制人、股东、关联方、收购人以及公司等承诺相关方在报告期内或持续到报告
期内的承诺事项
√适用 □不适用
是 是 如未能 如未
否 否 及时履 能及
承诺 承诺 承诺 有 及 行应说 时履
承诺方 承诺时间及期限
背景 类型 内容 履 时 明未完 行应
行 严 成履行 说明
期 格 的具体 下一
23
2016 年年度报告
限 履 原因 步计
行 划
解决 锦江国 本次收购完成后，保 2011 年 1 月 28 日， 否 是
同业 际、锦 证采取有效措施，避 就锦江酒店向锦江
竞争 江酒店 免其下属企业从事与 国际收购其持有的
上市公司构成或可能 本公司 66,556,270
构成实质性同业竞争 股国有股份（占总
的业务或活动。如将 股本的比例 为
来经营的产品或服务 50.21%），在锦江
与上市公司或其下属 酒店签署的《收购
企业有可能形成竞 报告书》中，锦江
争，上市公司有权按 国际与锦江酒店做
合理价格收购相关竞 出承诺，该承诺将
争性业务和资产。 长期有效。
解决 锦江国 本次收购完成后，将 2011 年 1 月 28 日， 否 是
关联 际、锦 尽量减少与上市公司 就锦江酒店向锦江
收购 交易 江酒店 之间的关联交易；在 国际收购其持有的
报告 进行确有必要且无法 本公司 66,556,270
书或 规避的关联交易时， 股国有股份（占总
权益 将按照相关法律法 股本的 比 例 为
变动 规、规范性文件以及 50.21%），在锦江
报告 《公司章程》的相关 酒店签署的《收购
书中 规定履行交易决策程 报告书》中，锦江
所作 序及信息披露义务， 国际与锦江酒店做
承诺 并保证按市场化原则 出承诺，该承诺将
和公允价格进行公平 长期有效。
操作。
其他 锦江酒 保证上市公司人员独 2011 年 1 月 28 日， 否 是
店 立、资产独立完整、 就锦江酒店向锦江
财务独立、机构独立、 国际收购其持有的
业务独立。 本公司 66,556,270
股国有股份（占总
股本的比例 为
50.21%），在锦江
酒店签署的《收购
报告书》中，锦江
国际与锦江酒店做
出承诺，该承诺将
长期有效。
(二) 公司资产或项目存在盈利预测，且报告期仍处在盈利预测期间，公司就资产或项目
是否达到原盈利预测及其原因作出说明
□已达到 □未达到 √不适用
三、报告期内资金被占用情况及清欠进展情况
□适用 √不适用
24
2016 年年度报告
四、公司对会计师事务所“非标准意见审计报告”的说明
□适用 √不适用
五、公司对会计政策、会计估计变更或重大会计差错更正原因和影响的分析说明
（一） 公司对会计政策、会计估计变更原因及影响的分析说明
□适用√不适用
（二） 公司对重大会计差错更正原因及影响的分析说明
□适用√不适用
（三） 与前任会计师事务所进行的沟通情况
□适用√不适用
（四） 其他说明
□适用√不适用
六、聘任、解聘会计师事务所情况
单位：元 币种：人民币
现聘任
境内会计师事务所名称 德勤华永会计师事务所（特殊普通合伙）
境内会计师事务所报酬 930,000
境内会计师事务所审计年限 23
名称 报酬
内部控制审计会计师事务所 德勤华永会计师事务所（特殊普通合伙） 350,000
聘任、解聘会计师事务所的情况说明
□适用 √不适用
审计期间改聘会计师事务所的情况说明
□适用√不适用
七、重大诉讼、仲裁事项
□本年度公司有重大诉讼、仲裁事项 √本年度公司无重大诉讼、仲裁事项
八、上市公司及其董事、监事、高级管理人员、控股股东、实际控制人、收购人处罚及整改情况
□适用 √不适用
九、报告期内公司及其控股股东、实际控制人诚信状况的说明
□适用√不适用
报告内，公司及其控股股东、实际控制人不存在未履行法院生效判决、所负数额较大的债务到期
未清偿等情况。
十、公司股权激励计划、员工持股计划或其他员工激励措施的情况及其影响
(一) 相关激励事项已在临时公告披露且后续实施无进展或变化的
□适用 √不适用
25
2016 年年度报告
(二) 临时公告未披露或有后续进展的激励情况
股权激励情况
□适用 √不适用
其他说明
□适用√不适用
员工持股计划情况
□适用 √不适用
其他激励措施
□适用 √不适用
十一、重大关联交易
(一) 与日常经营相关的关联交易
已在临时公告披露且后续实施无进展或变化的事项
√适用 □不适用
事项概述 查询索引
2016 年 3 月 25 日，公司董事会七届十二次会 详见 2016 年 3 月 29 日上海证券报、上海证券
议审议《公司日常关联交易议案》；2016 年 5 交易所（www.sse.com.cn）《公司日常关联交
月 26 日，公司 2015 年年度股东大会审议通过 易公告》。
该议案。2016 年度日常关联交易总金额预计不
超过 5,610 万元。2016 年度实际交易金额
37,765,231.83 元。
已在临时公告披露，但有后续实施的进展或变化的事项
□适用√不适用
临时公告未披露的事项
□适用 √不适用
(二)资产或股权收购、出售发生的关联交易
已在临时公告披露且后续实施无进展或变化的事项
□适用 √不适用
已在临时公告披露，但有后续实施的进展或变化的事项
□适用√不适用
临时公告未披露的事项
□适用 √不适用
涉及业绩约定的，应当披露报告期内的业绩实现情况
□适用√不适用
26
2016 年年度报告
(三) 共同对外投资的重大关联交易
已在临时公告披露且后续实施无进展或变化的事项
□适用 √不适用
已在临时公告披露，但有后续实施的进展或变化的事项
□适用√不适用
临时公告未披露的事项
□适用 √不适用
(四) 关联债权债务往来
已在临时公告披露且后续实施无进展或变化的事项
□适用 √不适用
已在临时公告披露，但有后续实施的进展或变化的事项
□适用√不适用
临时公告未披露的事项
□适用 √不适用
(五) 其他
□适用√不适用
十二、重大合同及其履行情况
(一) 托管、承包、租赁事项
托管情况
□适用 √不适用
承包情况
□适用 √不适用
租赁情况
□适用 √不适用
(二) 担保情况
□适用 √不适用
(三) 委托他人进行现金资产管理的情况
1、 委托理财情况
□适用 √不适用
2、 委托贷款情况
√适用 □不适用
单位:万元 币种:人民币
借款方名称 委托 贷款 贷款利 借款 抵押 是否 是否 是否 是否 关联 投资
27
2016 年年度报告
贷款 期限 率 用途 物或 逾期 关联 展期 涉诉 关系 盈亏
金额 担保 交易
人
上海锦江国 210 12 个 4.035% 日 常 无 否 否 否 否 控 股 -
际绿色假期 月 营 运 子 公
旅游有限公 资金 司
司
3、 其他投资理财及衍生品投资情况
□适用 √不适用
(四) 其他重大合同
□适用√不适用
十三、其他重大事项的说明
□适用 √不适用
十四、积极履行社会责任的工作情况
(一) 上市公司扶贫工作情况
□适用 √不适用
(二) 社会责任工作情况
□适用√不适用
(三) 属于环境保护部门公布的重点排污单位的公司及其子公司的环保情况说明
□适用√不适用
(四) 其他说明
□适用√不适用
28
2016 年年度报告
第六节 普通股股份变动及股东情况
一、 普通股股本变动情况
(一) 普通股股份变动情况表
普通股股份变动情况表
报告期内，公司普通股股份总数及股本结构未发生变化。
(二) 限售股份变动情况
□适用 √不适用
二、 证券发行与上市情况
(一)截至报告期内证券发行情况
□适用 √不适用
(二)公司普通股股份总数及股东结构变动及公司资产和负债结构的变动情况
□适用√不适用
(三)现存的内部职工股情况
□适用 √不适用
三、 股东和实际控制人情况
(一) 股东总数
截止报告期末普通股股东总数(户) 13,764
年度报告披露日前上一月末的普通股股东总数 13,723
(户)
(二) 截止报告期末前十名股东、前十名流通股东（或无限售条件股东）持股情况表
单位:股
前十名股东持股情况
质押或冻结
持有有限售
股东名称 报告期内 期末持股 比例 情况 股东
条件股份数
（全称） 增减 数量 (%) 股份 数 性质
量
状态 量
上海锦江国际酒店（集团）股 0 66,556,270 50.21 66,556,270 0 国有法
无
份有限公司 人
SCBHK A/C BBH S/A VANGUARD 1,764,490 1,764,490 1.33 0 境外法
EMERGING MARKETS STOCK 未知 人
INDEX FUND
王雪玲 0 1,042,014 0.79 0 境内自
未知
然人
VANGUARD 754,758 754,758 0.57 0 境外法
TOTALINTERNATIONAL STOCK 未知 人
INDEX FUND
张量 5,000 685,000 0.52 0 境内自
未知
然人
29
2016 年年度报告
高俊全 -310,900 532,300 0.40 0 境内自
未知
然人
GUOTAI JUNAN -448,529 518,640 0.39 0 境外法
SECURITIES(HONGKONG) 未知 人
LIMITED
王文 0 477,509 0.36 0 境内自
未知
然人
黄春辉 -24,760 462,882 0.35 0 境内自
未知
然人
JMJ INVESTING LIMITED 0 417,226 0.31 0 境外法
未知
人
前十名无限售条件股东持股情况
持有无限售条件 股份种类及数量
股东名称
流通股的数量 种类 数量
SCBHK A/C BBH S/AVANGUARD EMERGING MARKETS 1,764,490 1,764,490
境内上市外资股
STOCK INDEX FUND
王雪玲 1,042,014 境内上市外资股 1,042,014
VANGUARD TOTAL INTERNATIONAL STOCK INDEX 754,758 754,758
境内上市外资股
FUND
张量 685,000 境内上市外资股 685,000
高俊全 532,300 境内上市外资股 532,300
GUOTAI JUNAN SECURITIES(HONGKONG) LIMITED 518,640 境内上市外资股 518,640
王文 477,509 境内上市外资股 477,509
黄春辉 462,882 境内上市外资股 462,882
JMJ INVESTING LIMITED 417,226 境内上市外资股 417,226
ISHARES CORE MSCI EMERGING MARKETS ETF 416,300 境内上市外资股 416,300
上述股东关联关系或一致行动的说明 1.未知前十名股东之间存在关联关系或一致行动
的情况；2.未知前十名流通股股东之间存在关联关
系或一致行动的情况；3.未知前十名流通股股东和
前十名股东之间存在关联关系和一致行动的情况。
前十名有限售条件股东持股数量及限售条件
√适用 □不适用
单位：股
有限售条件股份可上市
交易情况
持有的有限售
序号 有限售条件股东名称 新增可上 限售条件
条件股份数量 可上市交
市交易股
易时间
份数量
1 上海锦江国际酒店（集团）股份有 66,556,270 未上市流通
限公司 股份
上述股东关联关系或一致行动的说明
(三) 战略投资者或一般法人因配售新股成为前 10 名股东
□适用 √不适用
30
2016 年年度报告
四、 控股股东及实际控制人情况
(一) 控股股东情况
法人
√适用 □不适用
名称 上海锦江国际酒店（集团）股份有限公司
单位负责人或法定代表人 俞敏亮
成立日期 1995 年 6 月 16 日
主要经营业务 酒店管理、酒店投资、企业投资管理，国内贸易，自有办公
楼、公寓租赁、泊车、培训及相关项目的咨询；以下限分支
机构经营：酒店经营、餐饮、附设卖品部（含烟、酒零售）、
西饼屋、咖啡馆、酒吧、雪茄吧、音乐茶座、水疗按摩、美
容美发、游艺室、健身房、游泳馆、停车场库经营、物业管
理（涉及行政许可的凭许可证经营）。
报告期内控股和参股的其他境内外 截止报告期末，持有境内上市公司锦江股份（600754）股份
上市公司的股权情况 数量：482,007,225 股，持有境内上市公司锦江投资（600650）
股份数量：212,586,460 股。
公司与控股股东之间的产权及控制关系的方框图
√适用□不适用
(二) 实际控制人情况
法人
√适用 □不适用
名称 上海市国有资产监督管理委员会
主要经营业务 上海市国有资产监督管理会为市政府直属的特设机构。市政
府授权上海市国有资产监督管理委员会代表市政府履行出
资人职责。上海市国有资产监督管理委员会负责监督市属国
有资产。
公司与实际控制人之间的产权及控制关系的方框图
√适用□不适用
31
2016 年年度报告
(三) 控股股东及实际控制人其他情况介绍
√适用□不适用
锦江酒店是本公司的控股股东，锦江国际是锦江酒店的控股股东。
五、 其他持股在百分之十以上的法人股东
□适用 √不适用
六、 股份限制减持情况说明
□适用√不适用
第七节 优先股相关情况
□适用 √不适用
32
2016 年年度报告
第八节 董事、监事、高级管理人员和员工情况
一、持股变动情况及报酬情况
(一) 现任及报告期内离任董事、监事和高级管理人员持股变动及报酬情况
√适用 □不适用
单位：股
报告期内从公 是否在公司
任期起始 任期终止 年初 年末 年度内股份 增减变动 司获得的税前 关联方获取
姓名 职务(注) 性别 年龄
日期 日期 持股数 持股数 增减变动量 原因 报酬总额（万 报酬
元）
邵晓明 董事长 男 58 2016-5-26 2019-5-25 0 0 0 0 是
包 磊 副董事长、首席 男 46 2016-5-26 2019-5-25 0 0 0 51.49 否
执行官
陈 璘 董事 男 42 2016-5-26 2019-5-25 0 0 0 0 是
朱 虔 董事 男 43 2016-5-26 2019-5-25 0 0 0 0 是
康 鸣 董事 男 45 2016-5-26 2019-5-25 0 0 0 0 是
庄 琦 董事、首席财务 女 52 2016-5-26 2019-5-25 0 0 0 35.92 否
官
李大沛 独立董事 男 62 2016-5-26 2019-5-25 0 0 0 8.00 否
顾中宪 独立董事 女 62 2016-5-26 2019-5-25 0 0 0 8.00 否
张帆 独立董事 女 52 2016-5-26 2019-5-25 0 0 0 3.90 否
叶 明 监事会主席 男 58 2016-5-26 2019-5-25 0 0 0 34.64 是
朱永建 监事 男 49 2016-5-26 2019-5-25 0 0 0 28.69 否
金 晶 监事 女 35 2016-5-26 2019-5-25 0 0 0 18.63 否
吴晓国 副总裁 男 58 2016-5-26 2019-5-25 0 0 0 38.59 否
张 珏 董事会秘书 女 33 2016-5-26 2019-5-25 0 0 0 26.16 否
楼嘉军 独立董事(离任) 男 59 2013-5-29 2016-5-28 0 0 0 3.43 否
合计 / / / / / / 257.45 /
注：公司监事会主席叶明因工作变动，于 2016 年 8 月 19 日起担任锦江国际集团实业投资事业部党委副书记，从 2016 年 9 月 1 日起不在公司领薪。
33
2016 年年度报告
姓名 主要工作经历
邵晓明 曾任锦海捷亚国际货运有限公司总经理，上海锦江国际实业投资股份有限公司副总裁、本公司董事长、首席执行官等职。现任公司董事
长、上海锦江国际实业投资股份有限公司董事长等职。
包 磊 曾任上海新锦江大酒店总经理助理、副总经理，上海锦江德尔互动有限公司高级副总裁等职。现任公司副董事长、首席执行官，锦江国
际商务有限公司和上海锦江国际电子商务有限公司副董事长、首席执行官等职。
陈 璘 曾任上海上会会计师事务所项目经理、出资人，德勤华永会计师事务所审计部高级经理，锦江国际集团金融事业部副总经理，上海锦江
国际投资管理有限公司首席财务官，锦江国际集团计划财务部经理。现任公司董事，上海锦江国际实业投资股份有限公司首席财务官等
职。
朱 虔 曾任锦江国际集团资源集成部经理助理、投资发展部经理、上海锦江国际投资管理有限公司副总裁等职。现任公司董事，上海锦江国际
酒店发展股份有限公司首席投资官、董事会秘书长，上海锦江国际实业投资股份有限公司董事等职。
康 鸣 曾任上海锦江国际酒店发展股份有限公司董事会秘书。现任公司董事，上海锦江国际酒店（集团）股份有限公司执行董事、董事会秘书、
联席公司秘书、董事会执行委员会秘书长(副总裁)、上海锦江国际实业投资股份有限公司董事等职。
庄 琦 曾任上海建国宾馆有限公司财务部经理，上海锦江国际酒店发展股份有限公司计划财务部副总监等职。现任公司董事、首席财务官，上
海中旅国际旅行社有限公司董事等职。
李大沛 曾任上海证券交易所投资者教育部总监助理等职。现任公司独立董事，上海世茂股份有限公司独立董事等职。
顾中宪 曾任上海实业医药投资股份有限公司财务总监、监事、审计总监，上海海得控制系统股份有限公司独立董事，上海永利带业股份有限公
司独立董事，常熟风范电力设备股份有限公司独立董事，上海联明机械股份有限公司独立董事、矩泉光电科技（上海）股份有限公司独
立董事。现任公司独立董事、上海润达医疗科技股份股份有限公司独立董事等职。
张帆 曾任上海旅游高等专科学校饭店管理系教师。现任上海旅游高等专科学校（上海师范大学旅游学院）旅游系教授等职。
叶 明 曾任锦江国际集团纪委专员、监察室主任助理、监察室副主任。现任公司监事会主席、党委副书记、纪委书记、工会主席，锦江国际（集
团）有限公司事业投资事业部党委副书记、纪委书记、工会主席，上海中旅（集团）有限公司监事会主席等职。
朱永建 曾任锦江国际（集团）地产事业部财务主管、地产事业部外派财务总监等职。现任公司监事、审计室副主任等职。
金 晶 曾任上海国旅国际旅行社有限公司英语导游，欧美接待部副经理、上海国旅国际旅行社有限公司入境游中心副总经理等职。现任公司职
工监事、上海锦江旅游控股有限公司总裁助理兼导游领队中心总经理助理等职。
吴晓国 曾任锦江汽车服务有限公司出租汽车分公司副总经理。现任公司副总裁等职。
张珏 曾任上海锦江国际酒店发展股份有限公司证券事务代表。现任公司董事会秘书等职。
其它情况说明
□适用 √不适用
34
2016 年年度报告
(二) 董事、高级管理人员报告期内被授予的股权激励情况
□适用√不适用
二、现任及报告期内离任董事、监事和高级管理人员的任职情况
(一) 在股东单位任职情况
√适用 □不适用
任职人员姓名 股东单位名称 在股东单位担任的职务 任期起始日期 任期终止日期
康鸣 锦江酒店 执行董事、董事会秘书、联席公司秘书、董事会执行委员会秘书长（副总裁） 2006-11 至今
在股东单位任职
情况的说明
(二) 在其他单位任职情况
√适用 □不适用
任职人员姓名 其他单位名称 在其他单位担任的职务 任期起始日期 任期终止日期
邵晓明 锦江国际集团 副总裁 2015-05-08 至今
邵晓明 锦江国际商务有限公司 副董事长 2010-12-31 至今
邵晓明 上海锦江国际电子商务有限公司 副董事长 2012-07-31 至今
邵晓明 锦海捷亚国际货运有限公司 董事 2005-09-27 至今
包磊 锦江国际商务有限公司 副董事长 2010-12-31 至今
包磊 上海锦江国际电子商务有限公司 副董事长 2012-07-31 至今
陈璘 上海锦江国际实业投资股份有限公司 首席财务官 2016-08-25 至今
朱虔 上海锦江国际酒店发展股份有限公司 董事会秘书长、首席投资官 2016-07-27 至今
康鸣 上海锦江国际实业投资股份有限公司 董事 2012-09-26 至今
庄琦 上海中旅国际旅行社有限公司 董事 2015-12-07 至今
叶明 上海中旅（集团）有限公司 监事会主席 2015-01-30 至今
叶明 锦江国际（集团）有限公司事业投资事 党委副书记、纪委书记、工会主席 2016-08-19 至今
业部
在其他单位任
职情况的说明
35
2016 年年度报告
三、董事、监事、高级管理人员报酬情况
√适用 □不适用
董事、监事、高级管理人员报酬的决策程序 公司董事会薪酬与考核委员会、董事会、股东大会审议通过等程序。
董事、监事、高级管理人员报酬确定依据 公司高级管理人员（包括董事会成员）薪酬由公司董事会薪酬与考核委员会审议决定；独立董事的津贴
依据公司 2014 年年度股东大会通过的独立董事津贴标准执行；监事报酬按公司员工岗位工资有关规定执
行。
董事、监事和高级管理人员报酬的实际支付情 公司董事、监事和高级管理人员在公司领取薪酬严格按照公司的相关薪酬制度兑现，公司所披露的报酬
况 情况与实际发放情况相符。公司董事、监事、高级管理人员应付报酬合计为 237.55 万元。
报告期末全体董事、监事和高级管理人员实际 公司董事、监事、高级管理人员实际获得的报酬合计为 257.45 万元。
获得的报酬合计
四、公司董事、监事、高级管理人员变动情况
√适用 □不适用
姓名 担任的职务 变动情形 变动原因
楼嘉军 独立董事 离任 换届
五、近三年受证券监管机构处罚的情况说明
□适用 √不适用
36
2016 年年度报告
六、母公司和主要子公司的员工情况
(一) 员工情况
母公司在职员工的数量 123
主要子公司在职员工的数量 893
在职员工的数量合计 1,016
母公司及主要子公司需承担费用的离退休职工 587
人数
专业构成
专业构成类别 专业构成人数
生产人员 380
销售人员 468
技术人员 50
财务人员 61
行政人员 57
合计 1,016
教育程度
教育程度类别 数量（人）
硕士及以上 18
大学本科 382
大学专科 415
高中、中专及以下 201
合计 1,016
(二) 薪酬政策
√适用□不适用
公司制定了以按劳分配、效率优先、兼顾公平及可持续发展为原则的薪酬政策，实行岗位工
资和绩效奖励相结合的薪酬分配办法，以岗定薪，变岗变薪，定期考核。岗位工资按岗位等级、
员工工作能力及任职年限等确定，绩效奖励与公司业绩及员工个人贡献等挂钩。公司所属分子公
司建立了员工工资增长机制，每年开展工资集体协商工作。
(三) 培训计划
√适用□不适用
公司结合自身发展需要，打造“学习型企业”，采取内训、外训相结合的培训方式，建立了
分级管理、分级培训的教育培训体系。内部培训包括企业内部组织的各类培训，如新进员工岗前
培训、销售人员业务培训等；外部培训包括参加外训机构、行业协会、监管部门等组织的各类培
训，如导游人员年审培训、领队人员到期换证培训、财务人员继续教育等。
(四) 劳务外包情况
√适用 □不适用
劳务外包的工时总数（小时） 54174
劳务外包支付的报酬总额（元） 1486046
37
2016 年年度报告
七、其他
□适用√不适用
38
2016 年年度报告
第九节 公司治理
一、公司治理相关情况说明
√适用□不适用
报告期内，公司继续按照《公司法》、《证券法》、《上市公司治理准则》等有关法律法规
的要求规范运作，公司的运作和管理符合中国证监会有关上市公司治理规范性文件的要求。
1. 关于股东和股东大会
公司认真做好股东来访、来信和来电的咨询、接待工作，依据《投资者接待管理制度》、《投
资者关系工作的电子通讯系统管理制度》、《投资者关系工作条例》不断加强投资者关系管理工
作，进一步完善了与股东之间的沟通平台；报告期内，公司召开一次股东大会，会议召开严格按
照《股东大会规范意见》的要求、公司《股东大会议事规则》以及《公司章程》的要求履行相应
的召集、召开、表决程序，平等对待所有股东，保证每位股东参加会议并充分行使咨询权和表决
权，股东大会经律师现场见证并对其合法性出具法律意见书。
2. 关于控股股东与上市公司
公司与控股股东在业务、人员、资产、机构和财务等方面严格实行“五分开”，各自独立核
算，独立承担责任和风险。报告期内，公司不存在控股股东非经营性占用公司资金行为。
3. 关于董事与董事会
公司严格按照《公司法》、《公司章程》的规定程序选举董事；公司董事会人数和人员构成符合
法律、法规的要求，公司各位董事能够依据《董事会议事规则》等制度，认真出席董事会会议，
履行了诚信和勤勉的职责。现届董事会有独立董事 3 位，审计委员会、薪酬与考核委员会的主任
委员由独立董事担任。
4. 关于监事和监事会
公司监事会能够依据《监事会议事规则》等制度，定期召开监事会会议，并以认真负责的态
度列席董事会会议，履行对董事、高级管理人员的履职情况及公司财务的监督与检查责任，并发
表独立意见。现届监事会有职工监事 1 位。
5. 关于信息披露和透明度
公司依据《信息披露事务管理制度》等制度，明确了信息披露程序和相关人员的职责，进一
步完善了信息披露管理工作。公司严格按照有关规定，真实、准确、完整、及时、公平地披露信
息，切实履行作为上市公司的信息披露义务，积极维护公司和投资者的合法权益。
公司按照证券监管部门新出台的法规和规范性文件要求，制订了《公司年报信息披露重大差
错责任追究制度》、《公司内部控制检查监督制度》，进一步完善公司治理制度。
为规范公司内幕信息知情人和外部信息使用人的管理，根据相关监管要求，公司制定了《内
幕信息知情人和外部信息使用人管理制度》，进一步加强了对内幕信息知情人和外部信息使用人
的登记备案。报告期内，公司不存在内幕信息知情人在影响公司股价的重大敏感信息披露前利用
内幕信息买卖公司股份的情况。
39
2016 年年度报告
6. 关于公司治理专项活动情况
根据中国证监会《关于开展加强上市公司治理专项活动有关事项的通知》和上海证监局《关
于开展上海辖区上市公司治理专项活动的通知》要求，公司深入开展了上市公司治理活动。公司
将严格按照有关文件要求，继续认真做好公司治理专项活动工作，使公司能够在规范运作的前提
下健康持续地发展。
公司治理与中国证监会相关规定的要求是否存在重大差异；如有重大差异，应当说明原因
□适用 √不适用
公司治理与《公司法》和中国证监会相关规定的要求不存在差异。
二、股东大会情况简介
决议刊登的指定网站的 决议刊登的
会议届次 召开日期
查询索引 披露日期
第三十次股东大会 2016-5-26 http://www.sse.com.cn 2016-5-27
（2015 年年度股东大会）
第三十一次股东大会 2016-11-24 http://www.sse.com.cn 2016-11-25
（2016 年第一次临时股东大会）
股东大会情况说明
□适用 √不适用
三、董事履行职责情况
(一) 董事参加董事会和股东大会的情况
参加股东
参加董事会情况
大会情况
董事 是否独
本年应参 以通讯 是否连续两 出席股东
姓名 立董事 亲自出 委托出 缺席
加董事会 方式参 次未亲自参 大会的次
席次数 席次数 次数
次数 加次数 加会议 数
邵晓明 否 10 5 5 0 0 否 2
包 磊 否 10 5 5 0 0 否 2
陈 璘 否 10 5 5 0 0 否 2
朱虔 否 10 5 5 0 0 否 2
康鸣 否 10 5 5 0 0 否 2
庄琦 否 10 5 5 0 0 否 2
李大沛 是 10 5 5 0 0 否 2
顾中宪 是 10 5 5 0 0 否 2
张帆 是 6 3 3 0 0 否 2
连续两次未亲自出席董事会会议的说明
□适用 √不适用
年内召开董事会会议次数 10
其中：现场会议次数 5
通讯方式召开会议次数 5
现场结合通讯方式召开会议次数 0
40
2016 年年度报告
(二) 独立董事对公司有关事项提出异议的情况
□适用 √不适用
四、董事会下设专门委员会在报告期内履行职责时所提出的重要意见和建议，存在异议事项的，
应当披露具体情况
√适用□不适用
报告期内，公司共召开 3 次审计委员会会议、2 次薪酬与考核委员会会议。作为董事会专门工作
机构，各专门委员会为年报审计、内控体系建设、选聘审计机构、审核高管薪酬等方面提供了重
要的咨询意见和建议。
五、监事会发现公司存在风险的说明
□适用 √不适用
六、公司就其与控股股东在业务、人员、资产、机构、财务等方面存在的不能保证独立性、不能
保持自主经营能力的情况说明
□适用√不适用
存在同业竞争的，公司相应的解决措施、工作进度及后续工作计划
□适用√不适用
七、报告期内对高级管理人员的考评机制，以及激励机制的建立、实施情况
√适用□不适用
公司结合年度财务状况、经营成果、安全生产及服务质量等目标的完成情况对高级管理人员
进行绩效考核分配。公司董事会下设薪酬与考核委员会，按照有关法律法规，对报告期内高级管
理人员的薪酬情况进行认真审核。公司将按照市场化取向，不断完善高级管理人员的考评和激励
机制，以促进高级管理人员勤勉尽责，提高公司治理水平，实现股东利益和公司利益最大化。
八、是否披露内部控制自我评价报告
√适用 □不适用
报告期内部控制存在重大缺陷情况的说明
□适用 √不适用
九、内部控制审计报告的相关情况说明
√适用□不适用
公司聘请德勤华永会计师事务所（特殊普通合伙）对公司内部控制有效性进行独立审计，并
出具了标准无保留意见。内部控制审计报告将于 2017 年 3 月 30 日在上交所网站（www.sse.com.cn）
披露。
是否披露内部控制审计报告：是
十、其他
□适用√不适用
第十节 公司债券相关情况
□适用 √不适用
41
2016 年年度报告
第十一节 财务报告
一、审计报告（附后）
二、财务报表（附后）
三、财务报表附注（附后）
42
2016 年年度报告
第十二节 备查文件目录
一、载有法定代表人、主管会计工作负责人、会计机构负责人签名并盖章的财务
备查文件目录
报表
备查文件目录 二、载有会计师事务所盖章、注册会计师签名并盖章的审计报告原件
三、报告期内在中国证监会指定报纸上公开披露过的所有公司文件的正本及公告
备查文件目录
的原稿
董事长：邵晓明
上海锦江国际旅游股份有限公司
董事会批准报送日期：2017 年 3 月 28 日
43
上海锦江国际旅游股份有限公司
财务报表及审计报告
2016 年 12 月 31 日止年度
上海锦江国际旅游股份有限公司
财务报表及审计报告
2016 年 12 月 31 日止年度
内容 页码
审计报告 1 -2
公司及合并资产负债表 3-4
公司及合并利润表 5-6
公司及合并现金流量表 7-8
公司及合并股东权益变动表 9 - 10
财务报表附注 11-73
审计报告
德师报(审)字(17)第 P00935 号
上海锦江国际旅游股份有限公司全体股东：
我们审计了后附的上海锦江国际旅游股份有限公司(以下简称“贵公司”)的财务报表，包括 2016 年 12
月 31 日的公司及合并资产负债表、2016 年度的公司及合并利润表、公司及合并股东权益变动表和公司
及合并现金流量表以及财务报表附注。
一、管理层对财务报表的责任
编制和公允列报财务报表是贵公司管理层的责任，这种责任包括：(1)按照企业会计准则的规定编制
财务报表，并使其实现公允反映；(2)设计、执行和维护必要的内部控制，以使财务报表不存在由于舞弊
或错误而导致的重大错报。
二、注册会计师的责任
我们的责任是在执行审计工作的基础上对财务报表发表审计意见。我们按照中国注册会计师审计准
则的规定执行了审计工作。中国注册会计师审计准则要求我们遵守中国注册会计师职业道德守则，计划
和执行审计工作以对财务报表是否不存在重大错报获取合理保证。
审计工作涉及实施审计程序，以获取有关财务报表金额和披露的审计证据。选择的审计程序取决于
注册会计师的判断，包括对由于舞弊或错误导致的财务报表重大错报风险的评估。在进行风险评估时，
注册会计师考虑与财务报表编制和公允列报相关的内部控制，以设计恰当的审计程序。审计工作还包括
评价管理层选用会计政策的恰当性和作出会计估计的合理性，以及评价财务报表的总体列报。
我们相信，我们获取的审计证据是充分、适当的，为发表审计意见提供了基础。
第1页
审计报告(续)
德师报(审)字(17)第 P00935 号
三、审计意见
我们认为，贵公司财务报表在所有重大方面按照企业会计准则的规定编制，公允反映了贵公司 2016
年 12 月 31 日的公司及合并财务状况以及 2016 年度的公司及合并经营成果和公司及合并现金流量。
德勤华永会计师事务所(特殊普通合伙) 中国注册会计师﹕
中国上海
2017 年 3 月 28 日
第2页
上海锦江国际旅游股份有限公司
2016 年 12 月 31 日
合并资产负债表
人民币元
项目 附注 2016 年 12 月 31 日 2015 年 12 月 31 日 项目 附注 2016 年 12 月 31 日 2015 年 12 月 31 日
流动资产： 流动负债：
货币资金 (六)1 485,439,979.21 440,895,204.38 应付账款 (六)17 88,750,224.41 101,099,243.48
应收账款 (六)2 79,753,861.76 63,945,647.80 预收款项 (六)18 172,164,000.43 163,057,242.75
预付款项 (六)3 67,151,363.98 70,112,285.12 应付职工薪酬 (六)19 26,660,416.08 18,645,327.65
其他应收款 (六)4 9,902,821.35 11,235,423.94 应交税费 (六)20 12,047,677.13 9,025,336.33
存货 (六)5 299,905.28 307,709.03 其他应付款 (六)21 39,794,789.16 40,296,284.26
其他流动资产 (六)6 - 1,668,629.53 流动负债合计 339,417,107.21 332,123,434.47
流动资产合计 642,547,931.58 588,164,899.80 非流动负债：
非流动资产： 递延所得税负债 (六)15 152,093,322.78 196,049,094.71
可供出售金融资产 (六)7 730,483,302.60 923,440,848.47 非流动负债合计 152,093,322.78 196,049,094.71
长期股权投资 (六)8 74,341,692.57 67,115,827.17 负债合计 491,510,429.99 528,172,529.18
投资性房地产 (六)9 138,244,076.60 142,384,038.32 股东权益：
固定资产 (六)10 55,628,500.36 61,500,168.30 股本 (六)22 132,556,270.00 132,556,270.00
在建工程 (六)11 664,910.37 477,250.00 资本公积 (六)23 199,948,957.53 199,948,957.53
无形资产 (六)12 658,375.09 1,175,750.04 其他综合收益 (六)24 456,272,484.16 588,136,702.92
商誉 (六)13 631,400.11 631,400.11 盈余公积 (六)25 147,798,842.16 147,798,842.16
长期待摊费用 (六)14 1,651,639.89 2,356,930.54 未分配利润 (六)26 231,282,050.74 200,632,115.64
归属于母公司所有者
递延所得税资产 (六)15 9,999,729.76 5,581,737.13 1,167,858,604.59 1,269,072,888.25
权益合计
其他非流动资产 (六)16 2,966,851.80 2,966,851.80 少数股东权益 (1,550,623.85) (1,449,715.75)
非流动资产合计 1,015,270,479.15 1,207,630,801.88 股东权益合计 1,166,307,980.74 1,267,623,172.50
资产总计 1,657,818,410.73 1,795,795,701.68 负债和股东权益总计 1,657,818,410.73 1,795,795,701.68
附注为财务报表的组成部分
第 3 页至第 73 页的财务报表由下列负责人签署：
法定代表人：_____________ 主管会计工作负责人：_____________ 会计机构负责人：_____________
第3页
上海锦江国际旅游股份有限公司
2016 年 12 月 31 日
公司资产负债表
人民币元
项目 附注 2016 年 12 月 31 日 2015 年 12 月 31 日 项目 附注 2016 年 12 月 31 日 2015 年 12 月 31 日
流动资产： 流动负债：
货币资金 (十五)1 360,852,975.47 353,654,037.14 应付账款 4,734,776.65 7,053,033.87
应收账款 (十五)2 2,052,952.59 1,430,679.46 预收款项 61,732,013.93 71,468,642.91
预付款项 616,566.41 304,795.18 应付职工薪酬 10,726,040.57 5,556,962.50
其他应收款 (十五)3 3,542,269.09 4,903,075.99 应交税费 10,816,101.58 8,602,175.80
存货 35,673.62 46,746.04 其他应付款 34,651,535.14 93,587,751.36
其他流动资产 2,100,000.00 - 流动负债合计 122,660,467.87 186,268,566.44
流动资产合计 369,200,437.18 360,339,333.81 非流动负债：
非流动资产： 递延所得税负债 152,090,828.03 196,045,567.64
可供出售金融资产 730,483,302.60 923,440,848.47 非流动负债合计 152,090,828.03 196,045,567.64
长期股权投资 (十五)4 127,533,252.01 120,307,386.61 负债合计 274,751,295.90 382,314,134.08
投资性房地产 138,244,076.60 142,384,038.32 股东权益：
固定资产 (十五)5 52,504,552.28 56,963,061.12 股本 (六)22 132,556,270.00 132,556,270.00
在建工程 664,910.37 477,250.00 资本公积 183,076,312.17 183,076,312.17
无形资产 658,375.09 1,175,750.04 其他综合收益 (六)24 456,272,484.16 588,136,702.92
长期待摊费用 1,354,954.47 1,876,861.09 盈余公积 124,813,366.95 124,813,366.95
其他非流动资产 (十五)6 2,006,851.80 2,006,851.80 未分配利润 251,180,983.22 198,074,595.14
非流动资产合计 1,053,450,275.22 1,248,632,047.45 股东权益合计 1,147,899,416.50 1,226,657,247.18
资产总计 1,422,650,712.40 1,608,971,381.26 负债和股东权益总计 1,422,650,712.40 1,608,971,381.26
附注为财务报表的组成部分
第4页
上海锦江国际旅游股份有限公司
2016 年 12 月 31 日止年度
合并利润表
人民币元
项目 附注 2016 年度 2015 年度
一、营业收入 (六)27 1,907,531,142.26 2,280,187,322.60
减：营业成本 (六)27 1,768,005,141.78 2,101,900,232.28
税金及附加 (六)28 6,869,959.21 13,415,810.10
销售费用 (六)29 124,015,398.85 133,066,834.13
管理费用 (六)30 59,365,288.89 63,702,512.77
财务费用 (六)31 (4,327,455.23) (8,762,800.69)
资产减值损失(转回) (六)32 (1,513,121.69) (638,404.30)
加：投资收益 (六)33 110,762,548.90 85,752,955.89
其中：对联营企业和合营企业的投资收益 7,375,865.40 5,509,857.75
二、营业利润 65,878,479.35 63,256,094.20
加：营业外收入 (六)34 8,032,736.01 4,658,350.60
减：营业外支出 (六)35 471,859.03 22,793.34
其中：非流动资产处置损失 74,980.49 20,106.90
三、利润总额 73,439,356.33 67,891,651.46
减：所得税费用 (六)36 12,402,387.23 7,719,829.67
四、净利润 61,036,969.10 60,171,821.79
归属于母公司所有者的净利润 61,137,877.20 60,752,458.26
少数股东损益 (100,908.10) (580,636.47)
五、其他综合收益的税后净额 (六)24 (131,864,218.76) 47,028,918.84
归属母公司所有者的其他综合收益的税后净额 (131,864,218.76) 47,028,918.84
(一)以后不能重分类进损益的其他综合收益 - -
(二)以后将重分类进损益的其他综合收益-可供出售
(131,864,218.76) 47,028,918.84
金融资产公允价值变动损益
归属于少数股东的其他综合收益的税后净额 - -
六、综合收益总额 (70,827,249.66) 107,200,740.63
归属于母公司所有者的综合收益总额 (70,726,341.56) 107,781,377.10
归属于少数股东的综合收益总额 (100,908.10) (580,636.47)
七、每股收益：
(一)基本每股收益 0.4612 0.4583
(二)稀释每股收益 不适用 不适用
附注为财务报表的组成部分
第5页
上海锦江国际旅游股份有限公司
2016 年 12 月 31 日止年度
公司利润表
人民币元
项目 附注 2016 年度 2015 年度
一、营业收入 (十五)7 428,938,697.47 514,525,617.23
减：营业成本 (十五)7 409,294,153.85 492,273,742.48
税金及附加 3,579,473.31 3,521,873.74
销售费用 11,340,264.19 8,217,377.59
管理费用 (十五)8 24,466,854.95 26,797,058.31
财务费用 (7,314,612.87) (10,025,920.59)
资产减值损失 - 252,739.81
加：投资收益 (十五)9 111,256,027.25 103,442,153.00
其中：对联营企业和合营企业的投资收益 7,375,865.40 5,509,857.75
二、营业利润 98,828,591.29 96,930,898.89
加：营业外收入 (十五)10 1,952,135.53 1,033,727.00
减：营业外支出 33,346.64 1,566.10
其中：非流动资产处置损失 33,096.64 1,566.10
三、利润总额 100,747,380.18 97,963,059.79
减：所得税费用 17,153,050.00 10,087,680.29
四、净利润 83,594,330.18 87,875,379.50
五、其他综合收益 (131,864,218.76) 47,028,918.84
(一)以后不能重分类进损益的其他综合收益 - -
(二)以后将重分类进损益的其他综合收益-可供出售
(131,864,218.76) 47,028,918.84
金融资产公允价值变动损益
六、综合收益总额 (48,269,888.58) 134,904,298.34
附注为财务报表的组成部分
第6页
上海锦江国际旅游股份有限公司
2016 年 12 月 31 日止年度
合并现金流量表
人民币元
项目 附注 2016 年度 2015 年度
一、经营活动产生的现金流量：
销售商品、提供劳务收到的现金 1,920,414,826.97 2,251,710,385.82
收到其他与经营活动有关的现金 (六)37(1) 20,743,454.22 8,082,657.88
经营活动现金流入小计 1,941,158,281.19 2,259,793,043.70
购买商品、接受劳务支付的现金 1,782,170,516.22 2,070,628,338.15
支付给职工以及为职工支付的现金 151,040,912.23 169,074,318.72
支付的各项税费 30,327,572.70 20,405,899.13
支付其他与经营活动有关的现金 (六)37(2) 42,421,646.77 30,238,054.56
经营活动现金流出小计 2,005,960,647.92 2,290,346,610.56
经营活动产生的现金流量净额 (64,802,366.73) (30,553,566.86)
二、投资活动产生的现金流量：
收回投资收到的现金 246,165,474.45 252,058,410.93
取得投资收益收到的现金 31,115,186.96 43,925,018.72
处置固定资产、无形资产和其他长期资产收回的现金
295,149.88 250.00
净额
投资活动现金流入小计 277,575,811.29 295,983,679.65
购建固定资产、无形资产和其他长期资产支付的现金 643,127.63 1,714,576.14
投资支付的现金 250,000,000.00 150,000,000.00
投资活动现金流出小计 250,643,127.63 151,714,576.14
投资活动产生的现金流量净额 26,932,683.66 144,269,103.51
三、筹资活动产生的现金流量：
分配股利、利润或偿付利息支付的现金 30,487,942.10 29,427,491.94
其中：子公司支付给少数股东的股利、利润 - -
筹资活动现金流出小计 30,487,942.10 29,427,491.94
筹资活动产生的现金流量净额 (30,487,942.10) (29,427,491.94)
四、汇率变动对现金及现金等价物的影响 - -
五、现金及现金等价物净增加(减少)额 (68,357,625.17) 84,288,044.71
加：年初现金及现金等价物余额 (六)38(2) 284,953,830.78 200,665,786.07
六、年末现金及现金等价物余额 (六)38(2) 216,596,205.61 284,953,830.78
附注为财务报表的组成部分
第7页
上海锦江国际旅游股份有限公司
2016 年 12 月 31 日止年度
公司现金流量表
人民币元
项目 附注 2016 年度 2015 年度
一、经营活动产生的现金流量：
销售商品、提供劳务收到的现金 422,525,878.63 510,146,348.19
收到其他与经营活动有关的现金 (十五)11(1) 12,548,917.32 2,663,998.62
经营活动现金流入小计 435,074,795.95 512,810,346.81
购买商品、接受劳务支付的现金 409,030,436.85 489,756,912.10
支付给职工以及为职工支付的现金 25,833,199.95 21,170,617.83
支付的各项税费 21,207,392.11 5,100,008.13
支付其他与经营活动有关的现金 (十五)11(2) 82,221,710.56 28,345,941.85
经营活动现金流出小计 538,292,739.47 544,373,479.91
经营活动产生的现金流量净额 (103,217,943.52) (31,563,133.10)
二、投资活动产生的现金流量：
收回投资收到的现金 247,565,474.45 252,058,410.93
取得投资收益收到的现金 31,608,665.31 61,614,215.83
处置固定资产、无形资产和其他长期资产收回的现金
161,668.00 250.00
净额
投资活动现金流入小计 279,335,807.76 313,672,876.76
购建固定资产、无形资产和其他长期资产支付的现金 430,983.81 509,796.23
投资支付的现金 222,100,000.00 150,000,000.00
投资活动现金流出小计 222,530,983.81 150,509,796.23
投资活动产生的现金流量净额 56,804,823.95 163,163,080.53
三、筹资活动产生的现金流量：
分配股利、利润或偿付利息支付的现金 30,487,942.10 29,427,491.94
筹资活动现金流出小计 30,487,942.10 29,427,491.94
筹资活动产生的现金流量净额 (30,487,942.10) (29,427,491.94)
四、汇率变动对现金及现金等价物的影响 - -
五、现金及现金等价物净增加(减少)额 (76,901,061.67) 102,172,455.49
加：年初现金及现金等价物余额 (十五)12(2) 202,954,037.14 100,781,581.65
六、年末现金及现金等价物余额 (十五)12(2) 126,052,975.47 202,954,037.14
附注为财务报表的组成部分
第8页
上海锦江国际旅游股份有限公司
2016 年 12 月 31 日止年度
合并股东权益变动表
人民币元
2016 年度 2015 年度
项目 归属于母公司所有者权益 归属于母公司所有者权益
少数股东 少数股东
股东权益合计 股东权益合计
股本 资本公积 其他综合收益 盈余公积 未分配利润 权益 股本 资本公积 其他综合收益 盈余公积 未分配利润 权益
一、本年年初余额 132,556,270.00 199,948,957.53 588,136,702.92 147,798,842.16 200,632,115.64 (1,449,715.75) 1,267,623,172.50 132,556,270.00 199,948,957.53 541,107,784.08 147,798,842.16 169,307,149.32 (869,079.28) 1,189,849,923.81
二、本年增减变动
- - (131,864,218.76) - 30,649,935.10 (100,908.10) (101,315,191.76) - - 47,028,918.84 - 31,324,966.32 (580,636.47) 77,773,248.69
金额
(一)综合收益总
- - (131,864,218.76) - 61,137,877.20 (100,908.10) (70,827,249.66) - - 47,028,918.84 - 60,752,458.26 (580,636.47) 107,200,740.63
额
(二)所有者投入
- - - - - - - - - - - - - -
和减少资本
1. 所 有 者 投 入 资
- - - - - - - - - - - - - -
本
2. 非 同 一 控 制 下
- - - - - - - - - - - - - -
企业合并
(三)利润分配 - - - - (30,487,942.10) - (30,487,942.10) - - - - (29,427,491.94) - (29,427,491.94)
1．提取盈余公积 - - - - - - - - - - - - - -
2．对股东的分配 - - - - (30,487,942.10) - (30,487,942.10) - - - - (29,427,491.94) - (29,427,491.94)
三、本年年末余额 132,556,270.00 199,948,957.53 456,272,484.16 147,798,842.16 231,282,050.74 (1,550,623.85) 1,166,307,980.74 132,556,270.00 199,948,957.53 588,136,702.92 147,798,842.16 200,632,115.64 (1,449,715.75) 1,267,623,172.50
附注为财务报表的组成部分
第9页
上海锦江国际旅游股份有限公司
2016 年 12 月 31 日止年度
公司股东权益变动表
人民币元
2016 年度 2015 年度
项目
股本 资本公积 其他综合收益 盈余公积 未分配利润 股东权益合计 股本 资本公积 其他综合收益 盈余公积 未分配利润 股东权益合计
一、本年年初余额 132,556,270.00 183,076,312.17 588,136,702.92 124,813,366.95 198,074,595.14 1,226,657,247.18 132,556,270.00 183,076,312.17 541,107,784.08 124,813,366.95 139,626,707.58 1,121,180,440.78
二、本年增减变动金额 - - (131,864,218.76) - 53,106,388.08 (78,757,830.68) - - 47,028,918.84 - 58,447,887.56 105,476,806.40
(一)综合收益总额 - - (131,864,218.76) - 83,594,330.18 (48,269,888.58) - - 47,028,918.84 - 87,875,379.50 134,904,298.34
(二)利润分配 - - - - (30,487,942.10) (30,487,942.10) - - - - (29,427,491.94) (29,427,491.94)
1．提取盈余公积 - - - - - - - - - - - -
2．对股东的分配 - - - - (30,487,942.10) (30,487,942.10) - - - - (29,427,491.94) (29,427,491.94)
三、本年年末余额 132,556,270.00 183,076,312.17 456,272,484.16 124,813,366.95 251,180,983.22 1,147,899,416.50 132,556,270.00 183,076,312.17 588,136,702.92 124,813,366.95 198,074,595.14 1,226,657,247.18
附注为财务报表的组成部分
第 10 页
上海锦江国际旅游股份有限公司
财务报表附注
2016 年 12 月 31 日止年度
(一) 公司基本情况
上海锦江国际旅游股份有限公司(以下简称“本公司”)是由原上海中国国际旅行社集团作为主发起人，于
1994 年 8 月改制设立的股份有限公司，主发起人以净资产投入公司，折为国有法人股 6,050 万股，注册
地址为：上海市延安东路 100 号联谊大厦 27 楼，总部位于上海。本公司于 1994 年 9 月 28 日公司在上海
证券交易所上市，发行 B 股 6,000 万股；于 1998 年 6 月 8 日，本公司向全体股东以每 10 股派送 1 股红
股，送股后，公司总股本为 13,256 万股。
于 2011 年 2 月 14 日，锦江国际(集团)有限公司(以下简称“锦江国际”)将其持有的本公司 66,556,270 股国
有法人股(占本公司总股本的 50.21%)转让给上海锦江国际酒店(集团)股份有限公司(以下简称“锦江酒店
集团”)。转让后，锦江酒店集团成为本公司的母公司。锦江国际成为本公司的最终控股公司。
本公司股本详细情况参见附注(六)22。
本公司及其子公司(以下简称“本集团”)主要从事组织海外游客入境旅游，中国公民国内旅游和出境旅游，
交通票务代理以及物业出租，贸易等。
本公司的公司及合并财务报表于 2017 年 3 月 28 日已经本公司董事会批准。
本年度合并财务报表范围参见附注(七)“在其他主体中的权益”。
(二) 财务报表的编制基础
编制基础
本集团执行财政部颁布的企业会计准则及相关规定。此外，本集团还按照《公开发行证券的公司信息披
露编报规则第 15 号—财务报告的一般规定(2014 年修订)》披露有关财务信息。
记账基础和计价原则
本集团会计核算以权责发生制为记账基础。除某些金融工具以公允价值计量外，本财务报表以历史成本
作为计量基础。资产如果发生减值，则按照相关规定计提相应的减值准备。
在历史成本计量下，资产按照购置时支付的现金或者现金等价物的金额或者所付出的对价的公允价值计
量。负债按照因承担现时义务而实际收到的款项或者资产的金额，或者承担现时义务的合同金额，或者
按照日常活动中为偿还负债预期需要支付的现金或者现金等价物的金额计量。
公允价值是市场参与者在计量日发生的有序交易中，出售一项资产所能收到或者转移一项负债所需支付
的价格。无论公允价值是可观察到的还是采用估值技术估计的，在本财务报表中计量和披露的公允价值
均在此基础上予以确定。
`
公允价值计量基于公允价值的输入值的可观察程度以及该等输入值对公允价值计量整体的重要性，被划
分为三个层次：
第一层次输入值是在计量日能够取得的相同资产或负债在活跃市场上未经调整的报价。
第二层次输入值是除第一层次输入值外相关资产或负债直接或间接可观察的输入值。
第三层次输入值是相关资产或负债的不可观察输入值。
第 11 页
上海锦江国际旅游股份有限公司
财务报表附注
2016 年 12 月 31 日止年度
(三) 重要会计政策和会计估计
1、遵循企业会计准则的声明
本公司编制的财务报表符合会计准则的要求，真实、完整地反映了本公司于 2016 年 12 月 31 日的公司及
合并财务状况以及 2016 年度的公司及合并经营成果和公司及合并现金流量。
2、会计期间
本集团的会计年度为公历年度，即每年 1 月 1 日起至 12 月 31 日止。
3、营业周期
营业周期是指企业提供旅游及相关服务起至实现现金或现金等价物的期间。本集团的营业周期小于 12
个月，本集团以 12 个月作为资产和负债流动性的划分标准。
4、记账本位币
人民币为本集团经营所处的主要经济环境中的货币，本公司及子公司以人民币为记账本位币。本集团编
制本财务报表时所采用的货币为人民币。
5、同一控制下和非同一控制下企业合并的会计处理方法
企业合并分为同一控制下企业合并和非同一控制下企业合并。
5.1 同一控制下的企业合并
参与合并的企业在合并前后均受同一方或相同的多方最终控制，且该控制并非暂时性的，为同一控制下
的企业合并。
在企业合并中取得的资产和负债，按合并日在其被合并方的账面价值计量。合并方取得的净资产账面价
值与支付的合并对价的账面价值的差额，调整资本公积中的股本溢价，股本溢价不足冲减的则调整留存
收益。
为进行企业合并发生的各项直接费用，于发生时计入当期损益。
5.2 非同一控制下的企业合并及商誉
参与合并的企业在合并前后不受同一方或相同的多方最终控制，为非同一控制下的企业合并。
合并成本指购买方为取得被购买方的控制权而付出的资产、发生或承担的负债和发行的权益性工具的公
允价值。购买方为企业合并发生的审计、法律服务、评估咨询等中介费用以及其他相关管理费用，于发
生时计入当期损益。
购买方在合并中所取得的被购买方符合确认条件的可辨认资产、负债及或有负债在购买日以公允价值计
量。
第 12 页
上海锦江国际旅游股份有限公司
财务报表附注
2016 年 12 月 31 日止年度
(三) 重要会计政策和会计估计 - 续
5、同一控制下和非同一控制下企业合并的会计处理方法 - 续
5.2 非同一控制下的企业合并及商誉 - 续
合并成本大于合并中取得的被购买方可辨认净资产公允价值份额的差额，作为一项资产确认为商誉并按
成本进行初始计量。合并成本小于合并中取得的被购买方可辨认净资产公允价值份额的，首先对取得的
被购买方各项可辨认资产、负债及或有负债的公允价值以及合并成本的计量进行复核，复核后合并成本
仍小于合并中取得的被购买方可辨认净资产公允价值份额的，计入当期损益。
因企业合并形成的商誉在合并财务报表中单独列报，并按照成本扣除累计减值准备后的金额计量。
6、合并财务报表的编制方法
合并财务报表的合并范围以控制为基础予以确定。控制是指投资方拥有对被投资方的权力，通过参与被
投资方的相关活动而享有可变回报，并且有能力运用对被投资方的权力影响其回报金额。一旦相关事实
情况的变化导致上述控制定义涉及的相关要素发生了变化，本集团将进行重新评估。
子公司的合并起始于本集团获得对该子公司的控制权时，终止于本集团丧失对该子公司的控制权时。
对于本集团处置的子公司，处置日(丧失控制权的日期)前的经营成果和现金流量已经适当地包括在合并
利润表和合并现金流量表中。
对于通过非同一控制下的企业合并取得的子公司，其自购买日(取得控制权的日期)起的经营成果及现金
流量已经适当地包括在合并利润表和合并现金流量表中。
对于通过同一控制下的企业合并取得的子公司或吸收合并下的被合并方，无论该项企业合并发生在报告
期的任一时点，视同该子公司或被合并方同受最终控制方控制之日起纳入本集团的合并范围，其自报告
期最早期间期初或同受最终控制方控制之日起的经营成果和现金流量已适当地包括在合并利润表和合并
现金流量表中。
子公司采用的主要会计政策和会计期间按照本公司统一规定的会计政策和会计期间厘定。
本公司与子公司及子公司相互之间发生的内部交易对合并财务报表的影响于合并时抵销。
子公司所有者权益中不属于母公司的份额作为少数股东权益，在合并资产负债表中股东权益项目下以“少
数股东权益”项目列示。子公司当期净损益中属于少数股东权益的份额，在合并利润表中净利润项目下以
“少数股东损益”项目列示。
少数股东分担的子公司的亏损超过了少数股东在该子公司期初所有者权益中所享有的份额，其余额仍冲
减少数股东权益。
对于购买子公司少数股权或因处置部分股权投资但没有丧失对该子公司控制权的交易，作为权益性交易
核算，调整归属于母公司所有者权益和少数股东权益的账面价值以反映其在子公司中相关权益的变化。
少数股东权益的调整额与支付/收到对价的公允价值之间的差额调整资本公积，资本公积不足冲减的，调
整留存收益。
因处置部分股权投资或其他原因丧失了对原有子公司控制权的，剩余股权按照其在丧失控制权日的公允
价值进行重新计量。处置股权取得的对价与剩余股权公允价值之和，减去按原持股比例计算应享有原子
公司自购买日开始持续计算的净资产的份额之间的差额，计入丧失控制权当期的投资收益, 同时冲减商
誉。与原有子公司股权投资相关的其他综合收益，在丧失控制权时转为当期投资收益。
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上海锦江国际旅游股份有限公司
财务报表附注
2016 年 12 月 31 日止年度
(三) 重要会计政策和会计估计 - 续
7、现金及现金等价物的确定标准
现金是指企业库存现金以及可以随时用于支付的存款。现金等价物是指本集团持有的期限短、流动性强、
易于转换为已知金额现金、价值变动风险很小的投资。
8、外币业务和外币报表折算
外币交易在初始确认时采用与交易发生日即期汇率近似的汇率折算，与交易发生日即期汇率近似的汇率
按月初汇率计算确定。
于资产负债表日，外币货币性项目采用该日即期汇率折算为人民币，因该日的即期汇率与初始确认时或
者前一资产负债表日即期汇率不同而产生的汇兑差额，除：(1)符合资本化条件的外币专门借款的汇兑差
额在资本化期间予以资本化计入相关资产的成本；(2)为了规避外汇风险进行套期的套期工具的汇兑差额
按套期会计方法处理；(3)可供出售货币性项目除摊余成本之外的其他账面余额变动产生的汇兑差额计入
其他综合收益外，均计入当期损益。
以历史成本计量的外币非货币性项目仍以交易发生日的即期汇率折算的记账本位币金额计量。以公允价
值计量的外币非货币性项目，采用公允价值确定日的即期汇率折算，折算后的记账本位币金额与原记账
本位币金额的差额，作为公允价值变动(含汇率变动)处理，计入当期损益或确认为其他综合收益。
9、金融工具
在本集团成为金融工具合同的一方时确认一项金融资产或金融负债。金融资产和金融负债在初始确认时
以公允价值计量。对于以公允价值计量且其变动计入当期损益的金融资产和金融负债，相关的交易费用
直接计入损益，对于其他类别的金融资产和金融负债，相关交易费用计入初始确认金额。
9.1 实际利率法
实际利率法是指按照金融资产或金融负债(含一组金融资产或金融负债)的实际利率计算其摊余成本及各
期利息收入或支出的方法。实际利率是指将金融资产或金融负债在预期存续期间或适用的更短期间内的
未来现金流量，折现为该金融资产或金融负债当前账面价值所使用的利率。
在计算实际利率时，本集团将在考虑金融资产或金融负债所有合同条款的基础上预计未来现金流量(不考
虑未来的信用损失)，同时还将考虑金融资产或金融负债合同各方之间支付或收取的、属于实际利率组成
部分的各项收费、交易费用及折价或溢价等。
9.2 金融资产的分类、确认和计量
金融资产在初始确认时划分为以公允价值计量且其变动计入当期损益的金融资产、持有至到期投资、贷
款和应收款项以及可供出售金融资产。以常规方式买卖金融资产，按交易日会计进行确认和终止确认。
本集团暂无持有至到期投资。
9.2.1 以公允价值计量且其变动计入当期损益的金融资产
以公允价值计量且其变动计入当期损益的金融资产包括交易性金融资产和指定为以公允价值计量且其变
动计入当期损益的金融资产。
第 14 页
上海锦江国际旅游股份有限公司
财务报表附注
2016 年 12 月 31 日止年度
(三) 重要会计政策和会计估计 - 续
9、金融工具 - 续
9.2 金融资产的分类、确认和计量 - 续
9.2.1 以公允价值计量且其变动计入当期损益的金融资产 - 续
满足下列条件之一的金融资产划分为交易性金融资产：(1)取得该金融资产的目的，主要是为了近期内出
售；(2)初始确认时属于进行集中管理的可辨认金融工具组合的一部分，且有客观证据表明本集团近期采
用短期获利方式对该组合进行管理；(3)属于衍生工具，但是被指定且为有效套期工具的衍生工具、属于
财务担保合同的衍生工具、与在活跃市场中没有报价且其公允价值不能可靠计量的权益工具投资挂钩并
须通过交付该权益工具结算的衍生工具除外。符合下述条件之一的金融资产，在初始确认时可指定为以
公允价值计量且其变动计入当期损益的金融资产：(1)该指定可以消除或明显减少由于该金融资产的计量
基础不同所导致的相关利得或损失在确认或计量方面不一致的情况；(2)本集团风险管理或投资策略的正
式书面文件已载明，对该金融资产所在的金融资产组合或金融资产和金融负债组合以公允价值为基础进
行管理、评价并向关键管理人员报告；(3)符合条件的包含嵌入衍生工具的混合工具。
以公允价值计量且其变动计入当期损益的金融资产采用公允价值进行后续计量，公允价值变动形成的利
得或损失以及与该金融资产相关的股利和利息收入计入当期损益。
9.2.2 贷款和应收款项
贷款和应收款项是指在活跃市场中没有报价、回收金额固定或可确定的非衍生金融资产。本集团划分为
贷款和应收款项的金融资产包括应收账款、其他应收款和其他流动资产。
贷款和应收款项采用实际利率法，按摊余成本进行后续计量，在终止确认、发生减值或摊销时产生的利
得或损失，计入当期损益。
9.2.3 可供出售金融资产
可供出售金融资产包括初始确认时即被指定为可供出售的非衍生金融资产，以及除了以公允价值计量且
其变动计入当期损益的金融资产、贷款和应收款项、持有至到期投资以外的金融资产。
可供出售金融资产采用公允价值进行后续计量，公允价值变动形成的利得或损失，除减值损失和外币货
币性金融资产与摊余成本相关的汇兑差额计入当期损益外，确认为其他综合收益，在该金融资产终止确
认时转出，计入当期损益。
可供出售金融资产持有期间取得的利息及被投资单位宣告发放的现金股利，计入投资收益。
在活跃市场中没有报价且其公允价值不能可靠计量的权益工具投资，以及与该权益工具挂钩并须通过交
付该权益工具结算的衍生金融资产，按照成本计量。
9.3 金融资产减值
除了以公允价值计量且其变动计入当期损益的金融资产外，本集团在每个资产负债表日对其他金融资产
的账面价值进行检查，有客观证据表明金融资产发生减值的，计提减值准备。表明金融资产发生减值的
客观证据是指金融资产初始确认后实际发生的、对该金融资产的预计未来现金流量有影响，且能够对该
影响进行可靠计量的事项。
第 15 页
上海锦江国际旅游股份有限公司
财务报表附注
2016 年 12 月 31 日止年度
(三) 重要会计政策和会计估计 - 续
9、金融工具 - 续
9.3 金融资产减值 - 续
金融资产发生减值的客观证据，包括下列可观察到的各项事项：
(1) 发行方或债务人发生严重财务困难；
(2) 债务人违反了合同条款，如偿付利息或本金发生违约或逾期等；
(3) 本集团出于经济或法律等方面因素的考虑，对发生财务困难的债务人作出让步；
(4) 债务人很可能倒闭或者进行其他财务重组；
(5) 因发行方发生重大财务困难，导致金融资产无法在活跃市场继续交易；
(6) 无法辨认一组金融资产中的某项资产的现金流量是否已经减少，但根据公开的数据对其进行总体评
价后发现，该组金融资产自初始确认以来的预计未来现金流量确已减少且可计量，包括：
-该组金融资产的债务人支付能力逐步恶化；
-债务人所在国家或地区经济出现了可能导致该组金融资产无法支付的状况；
(7) 权益工具发行人经营所处的技术、市场、经济或法律环境等发生重大不利变化，使权益工具投资
人可能无法收回投资成本；
(8) 权益工具投资的公允价值发生严重或非暂时性下跌，即于资产负债表日，若一项权益工具投资的
公允价值低于其初始投资成本超过 50%(含 50%)，或低于其初始投资成本持续时间超过 12 个月(含
12 个月)；
(9) 其他表明金融资产发生减值的客观证据。
- 以摊余成本计量的金融资产减值
以摊余成本计量的金融资产发生减值时，将其账面价值减记至按照该金融资产的原实际利率折现确定的
预计未来现金流量(不包括尚未发生的未来信用损失)现值，减记金额确认为减值损失，计入当期损益。
金融资产在确认减值损失后，如有客观证据表明该金融资产价值已恢复，且客观上与确认该损失后发生
的事项有关，原确认的减值损失予以转回，但金融资产转回减值损失后的账面价值不超过假定不计提减
值准备情况下该金融资产在转回日的摊余成本。
本集团对单项金额重大的金融资产单独进行减值测试；对单项金额不重大的金融资产，单独进行减值测
试或包括在具有类似信用风险特征的金融资产组合中进行减值测试。单独测试未发生减值的金融资产(包
括单项金额重大和不重大的金融资产)，包括在具有类似信用风险特征的金融资产组合中再进行减值测试。
已单项确认减值损失的金融资产，不包括在具有类似信用风险特征的金融资产组合中进行减值测试。
- 可供出售金融资产减值
可供出售金融资产发生减值时，将原计入其他综合收益的因公允价值下降形成的累计损失予以转出并计
入当期损益，该转出的累计损失为该资产初始取得成本扣除已收回本金和已摊销金额、当前公允价值和
原已计入损益的减值损失后的余额。
在确认减值损失后，期后如有客观证据表明该金融资产价值已恢复，且客观上与确认该损失后发生的事
项有关，原确认的减值损失予以转回，可供出售权益工具投资的减值损失转回确认为其他综合收益，可
供出售债务工具的减值损失转回计入当期损益。
第 16 页
上海锦江国际旅游股份有限公司
财务报表附注
2016 年 12 月 31 日止年度
(三) 重要会计政策和会计估计 - 续
9、金融工具 - 续
9.3 金融资产减值 - 续
- 以成本计量的金融资产减值
在活跃市场中没有报价且其公允价值不能可靠计量的权益工具投资，或与该权益工具挂钩并须通过交付
该权益工具结算的衍生金融资产发生减值时，将其账面价值减记至按照类似金融资产当时市场收益率对
未来现金流量折现确定的现值，减记金额确认为减值损失，计入当期损益。该类金融资产的减值损失一
经确认不予转回。
9.4 金融资产转移
满足下列条件之一的金融资产，予以终止确认：(1)收取该金融资产现金流量的合同权利终止；(2)该金融
资产已转移，且将金融资产所有权上几乎所有的风险和报酬转移给转入方；(3)该金融资产已转移，虽然
本集团既没有转移也没有保留金融资产所有权上几乎所有的风险和报酬，但是放弃了对该金融资产控制。
若本集团既没有转移也没有保留金融资产所有权上几乎所有的风险和报酬，且未放弃对该金融资产的控
制的，则按照继续涉入所转移金融资产的程度确认有关金融资产，并相应确认有关负债。继续涉入所转
移金融资产的程度，是指该金融资产价值变动使企业面临的风险水平。
金融资产整体转移满足终止确认条件的，将所转移金融资产的账面价值及因转移而收到的对价与原计入
其他综合收益的公允价值变动累计额之和的差额计入当期损益。
金融资产部分转移满足终止确认条件的，将所转移金融资产的账面价值在终止确认及未终止确认部分之
间按其相对的公允价值进行分摊，并将因转移而收到的对价与应分摊至终止确认部分的原计入其他综合
收益的公允价值变动累计额之和与分摊的前述账面金额之差额计入当期损益。
9.5 金融负债的分类、确认和计量
本集团根据所发行金融工具的合同条款及其所反映的经济实质而非仅以法律形式，结合金融负债和权益
工具的定义，在初始确认时将该金融工具或其组成部分分类为金融负债或权益工具。
金融负债在初始确认时划分为以公允价值计量且其变动计入当期损益的金融负债和其他金融负债。本集
团的金融负债均为其他金融负债。
其他金融负债
与在活跃市场中没有报价、公允价值不能可靠计量的权益工具挂钩并须通过交付该权益工具结算的衍生
金融负债，按照成本进行后续计量。其他金融负债采用实际利率法，按摊余成本进行后续计量，终止确
认或摊销产生的利得或损失计入当期损益。本集团无财务担保合同。
第 17 页
上海锦江国际旅游股份有限公司
财务报表附注
2016 年 12 月 31 日止年度
(三) 重要会计政策和会计估计 - 续
9、金融工具 - 续
9.6 金融负债的终止确认
金融负债的现时义务全部或部分已经解除的，终止确认该金融负债或其一部分。本集团(债务人)与债权
人之间签订协议，以承担新金融负债方式替换现存金融负债，且新金融负债与现存金融负债的合同条款
实质上不同的，终止确认现存金融负债，并同时确认新金融负债。
金融负债全部或部分终止确认的，将终止确认部分的账面价值与支付的对价(包括转出的非现金资产或承
担的新金融负债)之间的差额，计入当期损益。
9.7 衍生工具
衍生金融工具，系远期外汇合约。衍生工具于相关合同签署日以公允价值进行初始计量，并以公允价值
进行后续计量。其公允价值变动计入当期损益。
9.8 金融资产和金融负债的抵销
当本集团具有抵销已确认金融资产和金融负债的法定权利，且该种法定权利是当前可执行的，同时本集
团计划以净额结算或同时变现该金融资产和清偿该金融负债时，金融资产和金融负债以相互抵销后的金
额在资产负债表内列示。除此以外，金融资产和金融负债在资产负债表内分别列示，不予相互抵销。
9.9 权益工具
权益工具是指能证明拥有本集团在扣除所有负债后的资产中的剩余权益的合同。本集团发行(含再融资)、
回购、出售或注销权益工具作为权益的变动处理。本集团不确认权益工具的公允价值变动。与权益性交
易相关的交易费用从权益中扣减。
本集团对权益工具持有方的分配作为利润分配处理，发放的股票股利不影响股东权益总额。
10、应收款项
10.1 单项金额重大并单项计提坏账准备的应收款项
单项金额重大的判断依据或金 本集团将金额为人民币 500 万元以上(含人民币 500 万元)的应收账款确
额标准 认为单项金额重大的应收账款。将金额为人民币 100 万元以上(含人民
币 100 万元)的其他应收款确认为单项金额重大的其他应收款。
单项金额重大并单项计提坏账 本集团对单项金额重大的应收款项单独进行减值测试。
准备的计提方法
10.2 单项金额虽不重大但单项计提坏账准备的应收账款
单项计提坏账准备的理由 依据企业历史经验考量信用记录、经营状况等风险因素。
坏账准备的计提方法 个别认定法。
第 18 页
上海锦江国际旅游股份有限公司
财务报表附注
2016 年 12 月 31 日止年度
(三) 重要会计政策和会计估计 - 续
11、存货
11.1存货的分类
本集团的存货主要为原材料。存货按成本进行初始计量，存货成本包括采购成本和其他使存货达到目前
场所和状态所发生的支出。
11.2发出存货的计价方法
存货发出时，采用加权平均法确定发出存货的实际成本。
11.3存货可变现净值的确定依据及存货跌价准备的计提方法
资产负债表日，存货按照成本与可变现净值孰低计量。当其可变现净值低于成本时，提取存货跌价准备。
可变现净值是指在日常活动中，存货的估计售价减去估计的销售费用以及相关税费后的金额。在确定存
货的可变现净值时，以取得的确凿证据为基础，同时考虑持有存货的目的以及资产负债表日后事项的影
响。
存货按单个存货项目的成本高于其可变现净值的差额提取存货跌价准备。对于数量繁多、单价较低的存
货，按存货类别计提存货跌价准备；对与在同一地区生产和销售的产品系列相关、具有相同或类似最终
用途或目的，且难以与其他项目分开计量的存货，合并计提存货跌价准备。
计提存货跌价准备后，如果以前减记存货价值的影响因素已经消失，导致存货的可变现净值高于其账面
价值的，在原已计提的存货跌价准备金额内予以转回，转回的金额计入当期损益。
11.4 存货的盘存制度
存货盘存制度为永续盘存制。
12、长期股权投资
12.1 共同控制、重要影响的判断标准
控制是指投资方拥有对被投资方的权力，通过参与被投资方的相关活动而享有可变回报，并且有能力运
用对被投资方的权力影响其回报金额。共同控制是指按照相关约定对某项安排所共有的控制，并且该安
排的相关活动必须经过分享控制权的参与方一致同意后才能决策。重大影响是指对被投资方的财务和经
营政策有参与决策的权力，但并不能够控制或者与其他方一起共同控制这些政策的制定。在确定能否对
被投资单位实施控制或施加重大影响时，已考虑投资方和其他方持有的被投资单位当期可转换公司债券、
当期可执行认股权证等潜在表决权因素。
第 19 页
上海锦江国际旅游股份有限公司
财务报表附注
2016 年 12 月 31 日止年度
(三) 重要会计政策和会计估计 - 续
12、长期股权投资 - 续
12.2 初始投资成本的确定
对于同一控制下的企业合并取得的长期股权投资，在合并日按照被合并方所有者权益在最终控制方合并
财务报表中的账面价值的份额作为长期股权投资的初始投资成本。长期股权投资初始投资成本与支付的
现金、转让的非现金资产以及所承担债务账面价值之间的差额，调整资本公积；资本公积不足冲减的，
调整留存收益。以发行权益性证券作为合并对价的，在合并日按照被合并方所有者权益在最终控制方合
并财务报表中的账面价值的份额作为长期股权投资的初始投资成本，按照发行股份的面值总额作为股本，
长期股权投资初始投资成本与所发行股份面值总额之间的差额，调整资本公积；资本公积不足冲减的，
调整留存收益。
对于非同一控制下的企业合并取得的长期股权投资，在购买日按照合并成本作为长期股权投资的初始投
资成本。
合并方或购买方为企业合并发生的审计、法律服务、评估咨询等中介费用以及其他相关管理费用，于发
生时计入当期损益。
除企业合并形成的长期股权投资外其他方式取得的长期股权投资，按成本进行初始计量。对于因能够对
被投资单位实施重大影响或实施共同控制但不构成控制的，长期股权投资成本为按照《企业会计准则第
22 号—金融工具确认和计量》确定的原持有股权投资的公允价值加上新增投资成本之和。
12.3 后续计量及损益确认方法
12.3.1 成本法核算的长期股权投资
公司财务报表采用成本法核算对子公司的长期股权投资。子公司是指本集团能够对其实施控制的被投资
主体。
采用成本法核算的长期股权投资按初始投资成本计价。追加或收回投资调整长期股权投资的成本。当期
投资收益按照享有被投资单位宣告发放的现金股利或利润确认。
12.3.2 权益法核算的长期股权投资
本集团对联营企业和合营企业的投资采用权益法核算。联营企业是指本集团能够对其施加重大影响的被
投资单位，合营企业是指本集团仅对该安排的净资产享有权利的合营安排。
采用权益法核算时，长期股权投资的初始投资成本大于投资时应享有被投资单位可辨认净资产公允价值
份额的，不调整长期股权投资的初始投资成本；初始投资成本小于投资时应享有被投资单位可辨认净资
产公允价值份额的，其差额计入当期损益，同时调整长期股权投资的成本。
第 20 页
上海锦江国际旅游股份有限公司
财务报表附注
2016 年 12 月 31 日止年度
(三) 重要会计政策和会计估计 - 续
12、长期股权投资 - 续
12.3 后续计量及损益确认方法 - 续
12.3.2 权益法核算的长期股权投资 - 续
采用权益法核算时，按照应享有或应分担的被投资单位实现的净损益和其他综合收益的份额，分别确认
投资收益和其他综合收益，同时调整长期股权投资的账面价值；按照被投资单位宣告分派的利润或现金
股利计算应享有的部分，相应减少长期股权投资的账面价值；对于被投资单位除净损益、其他综合收益
和利润分配以外所有者权益的其他变动，调整长期股权投资的账面价值并计入资本公积。在确认应享有
被投资单位净损益的份额时，以取得投资时被投资单位各项可辨认资产等的公允价值为基础，对被投资
单位的净利润进行调整后确认。被投资单位采用的会计政策及会计期间与本公司不一致的，按照本公司
的会计政策及会计期间对被投资单位的财务报表进行调整，并据以确认投资收益和其他综合收益。对于
本集团与联营企业及合营企业之间发生的交易，投出或出售的资产不构成业务的，未实现内部交易损益
按照享有的比例计算归属于本集团的部分予以抵销，在此基础上确认投资损益。但本集团与被投资单位
发生的未实现内部交易损失，属于所转让资产减值损失的，不予以抵销。
在确认应分担被投资单位发生的净亏损时，以长期股权投资的账面价值和其他实质上构成对被投资单位
净投资的长期权益减记至零为限。此外，如本集团对被投资单位负有承担额外损失的义务，则按预计承
担的义务确认预计负债，计入当期投资损失。被投资单位以后期间实现净利润的，本集团在收益分享额
弥补未确认的亏损分担额后，恢复确认收益分享额。
12.4 长期股权投资处置
处置长期股权投资时，其账面价值与实际取得价款的差额，计入当期损益。
13、投资性房地产
投资性房地产是指为赚取租金或资本增值，或两者兼有而持有的房地产，主要为已出租的房屋建筑物等。
投资性房地产按成本进行初始计量。与投资性房地产有关的后续支出，如果与该资产有关的经济利益很
可能流入且其成本能可靠地计量，则计入投资性房地产成本。其他后续支出，在发生时计入当期损益。
本集团采用成本模式对投资性房地产进行后续计量，并按照与房屋建筑物一致的政策进行折旧。本集团
投资性房地产的折旧年限为 50 年，残值率为 5%。
投资性房地产出售、转让、报废或毁损的处置收入扣除其账面价值和相关税费后的差额计入当期损益。
14、固定资产
14.1 确认条件
固定资产是指为生产商品、提供劳务、出租或经营管理而持有的，使用寿命超过一个会计年度的有形资
产。固定资产仅在与其有关的经济利益很可能流入本集团，且其成本能够可靠地计量时才予以确认。固
定资产按成本进行初始计量。
与固定资产有关的后续支出，如果与该固定资产有关的经济利益很可能流入且其成本能可靠地计量，则
计入固定资产成本，并终止确认被替换部分的账面价值。除此以外的其他后续支出，在发生时计入当期
损益。
第 21 页
上海锦江国际旅游股份有限公司
财务报表附注
2016 年 12 月 31 日止年度
(三) 重要会计政策和会计估计 - 续
14、固定资产 - 续
14.2 折旧方法
固定资产从达到预定可使用状态的次月起，采用年限平均法在使用寿命内计提折旧。各类固定资产的使
用寿命、预计净残值和年折旧率如下：
类别 折旧年限(年) 残值率(%) 年折旧率(%)
房屋及建筑物 20-50 5-10 1.8-4.75
机器设备 5-20 5-10 4.5-19
电子设备、器具及家具 5-10 5-10 9.0-19
运输设备 5-8 5-10 11.25-19
固定资产装修支出 5 0 20
预计净残值是指假定固定资产预计使用寿命已满并处于使用寿命终了时的预期状态，本集团目前从该项
资产处置中获得的扣除预计处置费用后的金额。
14.3 其他说明
当固定资产处于处置状态或预期通过使用或处置不能产生经济利益时，终止确认该固定资产。固定资产
出售、转让、报废或毁损的处置收入扣除其账面价值和相关税费后的差额计入当期损益。
本集团至少于年度终了对固定资产的使用寿命、预计净残值和折旧方法进行复核，如发生改变则作为会
计估计变更处理。
15、在建工程
在建工程按实际成本计量，实际成本包括在建期间发生的各项工程支出以及其他相关费用等。在建工程
不计提折旧。在建工程在达到预定可使用状态后结转为固定资产、无形资产或长期待摊费用。
16、无形资产
本集团的无形资产为软件。
无形资产按成本进行初始计量。使用寿命有限的无形资产自可供使用时起，对其原值在其预计使用寿命
内采用直线法分期平均摊销。无形资产的摊销方法、使用寿命和预计净残值如下：
类别 摊销方法 使用寿命(年) 残值率(%)
软件 直线法 3-5 0
年末，对使用寿命有限的无形资产的使用寿命和摊销方法进行复核，必要时进行调整。
17、长期待摊费用
长期待摊费用为已经发生但应由本期和以后各期负担的分摊期限在一年以上的各项费用。长期待摊费用
在预计受益期间分期平均摊销。长期待摊费用的预计受益期间及年摊销率如下：
类别 受益期间(年) 年摊销率(%)
经营租入固定资产装修支出 3-5 20-33.33
第 22 页
上海锦江国际旅游股份有限公司
财务报表附注
2016 年 12 月 31 日止年度
(三) 重要会计政策和会计估计 - 续
18、长期资产减值
本集团在每一个资产负债表日检查长期股权投资、投资性房地产、固定资产、在建工程、使用寿命确定
的无形资产及经营租入固定资产装修支出是否存在可能发生减值的迹象。如果该等资产存在减值迹象，
则估计其可收回金额。使用寿命不确定的无形资产和尚未达到可使用状态的无形资产，无论是否存在减
值迹象，每年均进行减值测试。
估计资产的可收回金额以单项资产为基础，如果难以对单项资产的可收回金额进行估计的，则以该资产
所属的资产组为基础确定资产组的可收回金额。可收回金额为资产或者资产组的公允价值减去处置费用
后的净额与其预计未来现金流量的现值两者之中的较高者。
如果资产的可收回金额低于其账面价值，按其差额计提资产减值准备，并计入当期损益。
商誉至少在每年年度终了进行减值测试。对商誉进行减值测试时，结合与其相关的资产组或者资产组组
合进行。即，自购买日起将商誉的账面价值按照合理的方法分摊到能够从企业合并的协同效应中受益的
资产组或资产组组合，如包含分摊的商誉的资产组或资产组组合的可收回金额低于其账面价值的，确认
相应的减值损失。减值损失金额首先抵减分摊到该资产组或资产组组合的商誉的账面价值，再根据资产
组或资产组组合中除商誉以外的其他各项资产的账面价值所占比重，按比例抵减其他各项资产的账面价
值。
上述资产减值损失一经确认，在以后会计期间不予转回。
19、职工薪酬
19.1 短期薪酬的会计处理方法
本集团在职工为其提供服务的会计期间，将实际发生的短期薪酬确认为负债，并计入当期损益或相关资
产成本。本集团发生的职工福利费，在实际发生时根据实际发生额计入当期损益或相关资产成本。职工
福利费为非货币性福利的，按照公允价值计量。
本集团为职工缴纳的医疗保险费、工伤保险费、生育保险费等社会保险费和住房公积金，以及本集团按
规定提取的工会经费和职工教育经费，在职工为本集团提供服务的会计期间，根据规定的计提基础和计
提比例计算确定相应的职工薪酬金额，确认相应负债，并计入当期损益或相关资产成本。
19.2 离职后福利的会计处理方法
离职后福利全部为设定提存计划。
本集团在职工为其提供服务的会计期间，将根据设定提存计划计算的应缴存金额确认为负债，并计入当
期损益或相关资产成本。
19.3 辞退福利的会计处理方法
本集团向职工提供辞退福利的，在下列两者孰早日确认辞退福利产生的职工薪酬负债，并计入当期损益：
不能单方面撤回因解除劳动关系计划或裁减建议所提供的辞退福利时；确认与涉及支付辞退福利的重组
相关的成本或费用时。
第 23 页
上海锦江国际旅游股份有限公司
财务报表附注
2016 年 12 月 31 日止年度
(三) 重要会计政策和会计估计 - 续
20、预计负债
当与或有事项相关的义务是本集团承担的现时义务，且履行该义务很可能导致经济利益流出，以及该义
务的金额能够可靠地计量，则确认为预计负债。
在资产负债表日，考虑与或有事项有关的风险、不确定性和货币时间价值等因素，按照履行相关现时义
务所需支出的最佳估计数对预计负债进行计量。如果货币时间价值影响重大，则以预计未来现金流出折
现后的金额确定最佳估计数。
21、收入
21.1 提供劳务收入
在提供劳务收入的金额能够可靠地计量，相关的经济利益很可能流入企业，交易的完工程度能够可靠地
确定，交易中已发生和将发生的成本能够可靠地计量时，确认提供劳务收入的实现。本集团于资产负债
表日按照完工百分比法确认提供的劳务收入。劳务交易的完工进度按已经发生的劳务成本占估计总成本
的比例确定。如果提供劳务交易的结果不能够可靠估计，则按已经发生并预计能够得到补偿的劳务成本
金额确认提供的劳务收入，并将已发生的劳务成本作为当期费用。已经发生的劳务成本如预计不能得到
补偿的，则不确认收入。
21.2 商品销售收入
在已将商品所有权上的主要风险和报酬转移给买方，既没有保留通常与所有权相联系的继续管理权，也
没有对已售商品实施有效控制，收入的金额能够可靠地计量，相关的经济利益很可能流入本集团，相关
的已发生或将发生的成本能够可靠地计量时，确认商品销售收入的实现。
22、政府补助
政府补助是指本集团从政府无偿取得货币性资产和非货币性资产。政府补助根据相关政府文件中明确规
定的补助对象性质划分为与资产相关的政府补助和与收益相关的政府补助。
政府补助在能够满足政府补助所附条件且能够收到时予以确认。政府补助为货币性资产的，按照收到的
金额计量。
与收益相关的政府补助判断依据及会计处理方法
本集团的政府补助主要包括区财政局财政补助、产业扶持基金、黄标车淘汰补贴款，由于此类补助与本
集团长期资产的形成无关，该等政府补助为与收益相关的政府补助。
与收益相关的政府补助，用于补偿以后期间的相关费用和损失的，确认为递延收益，并在确认相关费用
的期间计入当期损益；用于补偿已经发生的相关费用和损失的，直接计入当期损益。
23、所得税
所得税费用包括当期所得税和递延所得税。
23.1 当期所得税
资产负债表日，对于当期和以前期间形成的当期所得税负债(或资产)，以按照税法规定计算的预期应交
纳(或返还)的所得税金额计量。
第 24 页
上海锦江国际旅游股份有限公司
财务报表附注
2016 年 12 月 31 日止年度
(三) 重要会计政策和会计估计 - 续
23、所得税 - 续
23.2 递延所得税资产及递延所得税负债
对于某些资产、负债项目的账面价值与其计税基础之间的差额，以及未作为资产和负债确认但按照税法
规定可以确定其计税基础的项目的账面价值与计税基础之间的差额产生的暂时性差异，采用资产负债表
债务法确认递延所得税资产及递延所得税负债。
一般情况下所有暂时性差异均确认相关的递延所得税。但对于可抵扣暂时性差异，本集团以很可能取得
用来抵扣可抵扣暂时性差异的应纳税所得额为限，确认相关的递延所得税资产。此外，与商誉的初始确
认相关的，以及与既不是企业合并、发生时也不影响会计利润和应纳税所得额(或可抵扣亏损)的交易中
产生的资产或负债的初始确认有关的暂时性差异，不予确认有关的递延所得税资产或负债。
对于能够结转以后年度的可抵扣亏损及税款抵减，以很可能获得用来抵扣可抵扣亏损和税款抵减的未来
应纳税所得额为限，确认相应的递延所得税资产。
本集团确认与子公司、联营企业及合营企业投资相关的应纳税暂时性差异产生的递延所得税负债，除非
本集团能够控制暂时性差异转回的时间，而且该暂时性差异在可预见的未来很可能不会转回。对于与子
公司、联营企业及合营企业投资相关的可抵扣暂时性差异，只有当暂时性差异在可预见的未来很可能转
回，且未来很可能获得用来抵扣可抵扣暂时性差异的应纳税所得额时，本集团才确认递延所得税资产。
资产负债表日，对于递延所得税资产和递延所得税负债，根据税法规定，按照预期收回相关资产或清偿
相关负债期间的适用税率计量。
除与直接计入其他综合收益或股东权益的交易和事项相关的当期所得税和递延所得税计入其他综合收益
或股东权益，以及企业合并产生的递延所得税调整商誉的账面价值外，其余当期所得税和递延所得税费
用或收益计入当期损益。
资产负债表日，对递延所得税资产的账面价值进行复核，如果未来很可能无法获得足够的应纳税所得额
用以抵扣递延所得税资产的利益，则减记递延所得税资产的账面价值。在很可能获得足够的应纳税所得
额时，减记的金额予以转回。
23.3 所得税的抵销
当拥有以净额结算的法定权利，且意图以净额结算或取得资产、清偿负债同时进行时，本集团当期所得
税资产及当期所得税负债以抵销后的净额列报。
当拥有以净额结算当期所得税资产及当期所得税负债的法定权利，且递延所得税资产及递延所得税负债
是与同一税收征管部门对同一纳税主体征收的所得税相关或者是对不同的纳税主体相关，但在未来每一
具有重要性的递延所得税资产及负债转回的期间内，涉及的纳税主体意图以净额结算当期所得税资产和
负债或是同时取得资产、清偿负债时，本集团递延所得税资产及递延所得税负债以抵销后的净额列报。
24、租赁
实质上转移了与资产所有权有关的全部风险和报酬的租赁为融资租赁。融资租赁以外的其他租赁为经营
租赁。
24.1 本集团作为承租人记录经营租赁业务
经营租赁的租金支出在租赁期内的各个期间按直线法计入相关资产成本或当期损益。初始直接费用计入
当期损益。或有租金于实际发生时计入当期损益。
第 25 页
上海锦江国际旅游股份有限公司
财务报表附注
2016 年 12 月 31 日止年度
(三) 重要会计政策和会计估计 - 续
24、租赁 - 续
24.2 本集团作为出租人记录经营租赁业务
经营租赁的租金收入在租赁期内的各个期间按直线法确认为当期损益。对金额较大的初始直接费用于发
生时予以资本化，在整个租赁期间内按照与确认租金收入相同的基础分期计入当期损益；其他金额较小
的初始直接费用于发生时计入当期损益。或有租金于实际发生时计入当期损益。
(四) 运用会计政策过程中所做的重要判断和会计估计所采用的关键假设和不确定因素
本集团在运用上述会计政策过程中，由于经营活动内在的不确定性，需要对无法准确计量的报表项目的
账面价值进行判断、估计和假设。这些判断、估计和假设是基于本集团管理层过去的历史经验，并在考
虑其他相关因素的基础上作出的。实际的结果可能与本集团的估计存在差异。
本集团对前述判断、估计和假设在持续经营的基础上进行定期复核，会计估计的变更仅影响变更当期的，
其影响数在变更当期予以确认；既影响变更当期又影响未来期间的，其影响数在变更当期和未来期间予
以确认。
重要会计估计及其关键假设
下列重要会计估计及关键假设存在会导致下一会计年度资产和负债的账面价值出现重大调整的关键假设
和不确定性有：
固定资产及投资性房地产的预计使用寿命与预计净残值
本集团管理层负责评估确认固定资产及投资性房地产的预计使用寿命与预计净残值。这项估计是将性质
和功能类似的固定资产及投资性房地产过往的实际使用寿命与实际净残值作为基础。在固定资产及投资
性房地产使用过程中，其所处的经济环境，技术环境以及其他环境有可能对固定资产及投资性房地产使
用寿命与预计净残值产生较大影响。如果固定资产及投资性房地产使用寿命与净残值的预计数与原先估
计数有差异，本集团管理层将对其进行调整。
递延所得税资产和递延所得税负债
递延所得税资产和递延所得税负债按照预期收回该资产或清偿该债务期间的适用所得税税率计量。预期
适用所得税税率是根据有关现行的税务法规及本集团的实际情况而确定。若预计所得税税率与原估计有
差异，本集团管理层将对其进行调整。
递延所得税资产的确定，以很可能取得用来抵扣暂时性差异的应纳税所得额为限。如果预计未来期间无
法取得足够的应纳税所得额用以利用可抵扣暂时性差异带来的经济利益，本集团管理层将减记递延所得
税资产的账面价值。
由于无法确定相关可抵扣税务亏损和可抵扣暂时性差异是否很可能转回，故本集团对于部分可抵扣税务
亏损及可抵扣暂时性差异未确认为递延所得税资产。如未来实际产生的盈利多于预期，将视情况调整相
应的递延所得税资产，确认在该情况发生期间的合并利润表中。
第 26 页
上海锦江国际旅游股份有限公司
财务报表附注
2016 年 12 月 31 日止年度
(四) 运用会计政策过程中所做的重要判断和会计估计所采用的关键假设和不确定因素 - 续
应收款项减值
本集团管理层及时判断应收款项的可收回程度，以此来估计应收款项减值准备。如发生任何事件或情况
变动，显示本集团未必可追回有关余额，则会为应收款项计提准备，并需要使用估计。若预期数字与原
来估计数不同，有关差额则会影响应收款项的账面价值，以及在估计变动期间的减值损失。
(五) 税项
主要税种及税率
税种 计税依据 税率
本公司所提供的不动产经营租赁服务，系出租其 2016 年 4 月 30 5%
日前取得的不动产，选择适用简易计税方法，以不含税销售额为
计税基础，按照 5%的征收率计算应纳税额。
上海锦江国际绿色假期旅游有限公司为增值税小规模纳税人，以
3%
不含税销售额为计税基础，按照 3%的征收率计算应纳税额。
上海锦江国际旅游股份有限公司旅游汽车分公司所提供的交通运 11%
增值税
输服务，以不含税销售额为计税基础，适用税率 11%。
本公司所提供其他的服务，适用税率为 6%。其中主要系提供的
旅游服务，以取得的全部价款和价外费用，扣除向旅游购买方收
取并支付给其他单位或个人的住宿费、餐饮费、交通费、签证费、 6%
门票费和支付给其他接团旅游企业的旅游费用后的余额为销售
额，以不含税销售额为计税基础。
5%
营业税 旅游收入(扣除免税成本)
(注 1)
城市维护建设税 实际缴纳的增值税和营业税税额 7%
25%或 10%
企业所得税 应纳税所得额
(注 2)
注 1：于 2016 年 1 月 1 日至 2016 年 4 月 30 日止期间内，本公司下属旅行社提供的旅游服务业务以及不
动产租赁业务适用营业税应税范畴。根据财税[2016]36 号文《关于全面推开营业税改征增值税试
点的通知》，自 2016 年 5 月 1 日起，旅游服务业务属于生活服务业、不动产租赁业务属于现代服
务业，适用于增值税应税范围。
注 2：上海锦江出入境服务有限公司、上海国之旅物业管理有限公司以及上海国之旅导游服务有限公司
属于微利企业，2016 年适用所得税税率为 10%。除上述三家子公司外，本公司及其他纳入合并报
表范围内的子公司所得税税率均为 25%。
注 3：根据财政部颁布的财会[2016]22 号文所附《增值税会计处理规定》，本集团将 2016 年 12 月 31 日
待抵扣进项税和增值税留抵税额借方余额作为其他流动资产列报，将 2016 年 5 月 1 日至 2016 年
12 月 31 日止期间的房产税、城镇土地使用税、印花税及其他相关税费发生额作为税金及附加进行
列报。
第 27 页
上海锦江国际旅游股份有限公司
财务报表附注
2016 年 12 月 31 日止年度
(六) 合并财务报表项目注释
1、货币资金
人民币元
2016 年 12 月 31 日 2015 年 12 月 31 日
项目
外币金额 折算率 人民币金额 外币金额 折算率 人民币金额
库存现金： 162,223.52 127,404.70
人民币 162,223.52 127,404.70
银行存款： 215,946,819.04 284,292,638.84
人民币 206,677,009.19 278,906,431.51
美元 1,089,895.77 6.9370 7,560,606.94 416,724.15 6.4936 2,706,039.85
日元 909,050.51 0.0596 54,171.23 3,710,211.00 0.0548 203,482.93
澳大利亚元 1,293.71 5.0157 6,488.86 1,316.80 4.7276 6,225.31
欧元 225,617.62 7.3068 1,648,542.82 348,187.40 7.0952 2,470,459.24
其他货币资金(注)： 269,330,936.65 156,475,160.84
人民币 269,330,936.65 156,475,160.84
合计 485,439,979.21 440,895,204.38
注：于 2016 年 12 月 31 日，其他货币资金金额中包括：保证收益型存款人民币 250,000,000.00 元(于 2015
年 12 月 31 日：人民币 150,000,000.00 元)、旅行社质量保证金、旅行授信业务保证金及公司信用卡
余额人民币 5,230,936.65 元(于 2015 年 12 月 31 日：人民币 6,475,160.84 元)及质押定期存款人民币
14,100,000.00 元(于 2015 年 12 月 31 日：人民币零元)。
2、应收账款
(1) 应收账款按种类披露：
人民币元
2016 年 12 月 31 日 2015 年 12 月 31 日
账面余额 坏账准备 账面价值 账面余额 坏账准备 账面价值
种类
比例 比例
金额 金额 金额 金额 比例(%) 金额 比例(%) 金额
(%) (%)
单项金额重
大并单项计
13,838,769.82 16.94 - - 13,838,769.82 - - - - -
提坏账准备
的应收账款
单项金额虽
不重大但单
项计提坏账 67,874,859.34 83.06 1,959,767.40 2.89 65,915,091.94 67,418,536.89 100.00 3,472,889.09 5.15 63,945,647.80
准备的应收
账款
合计 81,713,629.16 100.00 1,959,767.40 2.40 79,753,861.76 67,418,536.89 100.00 3,472,889.09 5.15 63,945,647.80
(2) 本年度计提、收回或转回及核销坏账准备情况
人民币元
2016 年 2015 年
年初数 3,472,889.09 4,111,293.39
本年计提额 - 1,352.73
本年转回数 (1,513,121.69) (639,757.03)
年末数 1,959,767.40 3,472,889.09
第 28 页
上海锦江国际旅游股份有限公司
财务报表附注
2016 年 12 月 31 日止年度
(六) 合并财务报表项目注释- 续
2、应收账款 - 续
(3) 按欠款方归集的本年末余额前五名的应收账款情况
人民币元
占应收账款净额
单位名称 金额 坏账准备 账面价值
的比例(%)
客户甲 7,186,533.60 - 7,186,533.60 9.01
客户乙 6,652,236.22 - 6,652,236.22 8.34
客户丙 4,214,440.81 - 4,214,440.81 5.28
客户丁 3,014,122.26 - 3,014,122.26 3.78
客户戊 2,884,439.29 - 2,884,439.29 3.62
合计 23,951,772.18 - 23,951,772.18 30.03
3、预付款项
(1) 预付款项按账龄披露：
人民币元
2016 年 12 月 31 日 2015 年 12 月 31 日
账龄
金额 比例(%) 金额 比例(%)
1 年以内 65,864,402.98 98.08 70,112,285.12 100.00
1至2年 1,286,961.00 1.92 - -
合计 67,151,363.98 100.00 70,112,285.12 100.00
(2) 按预付对象归集的年末余额前五名的预付款项情况
人民币元
单位名称 金额 占预付款项总额的比例(%)
供应商甲 2,796,387.00 4.16
供应商乙 2,731,250.00 4.07
供应商丙 1,818,000.00 2.71
供应商丁 1,680,697.00 2.50
供应商戊 1,659,755.44 2.47
合计 10,686,089.44 15.91
第 29 页
上海锦江国际旅游股份有限公司
财务报表附注
2016 年 12 月 31 日止年度
(六) 合并财务报表项目注释- 续
4、其他应收款
(1) 其他应收款按种类披露：
人民币元
2016 年 12 月 31 日 2015 年 12 月 31 日
账面余额 坏账准备 账面价值 账面余额 坏账准备 账面价值
种类
比例
金额 金额 比例(%) 金额 金额 比例(%) 金额 比例(%) 金额
(%)
单项金额重大
并单项计提坏
1,300,000.00 13.12 - - 1,300,000.00 3,350,000.00 29.81 - - 3,350,000.00
账准备的应收
账款
单项金额虽不
重大但单项计
8,605,021.35 86.88 2,200.00 0.03 8,602,821.35 7,887,623.94 70.19 2,200.00 0.03 7,885,423.94
提坏账准备的
应收账款
合计 9,905,021.35 100.00 2,200.00 0.02 9,902,821.35 11,237,623.94 100.00 2,200.00 0.02 11,235,423.94
(2) 其他应收款坏账准备余额无变动。
(3) 按款项性质列示其他应收款
人民币元
其他应收款性质 2016 年 12 月 31 日 2015 年 12 月 31 日
押金 6,965,136.56 6,977,744.91
业务周转金 536,572.50 1,830,180.60
其他 2,401,112.29 2,427,498.43
合计 9,902,821.35 11,235,423.94
(4) 按欠款方归集的年末余额前五名的其他应收款情况
人民币元
占其他应收款
单位名称 金额 坏账准备 账面价值
净额的比例(%)
公司甲 1,300,000.00 - 1,300,000.00 13.13
公司乙 480,000.00 - 480,000.00 4.85
公司丙 435,846.00 - 435,846.00 4.40
公司丁 306,641.62 - 306,641.62 3.09
公司戊 300,000.00 - 300,000.00 3.03
合计 2,822,487.62 - 2,822,487.62 28.50
第 30 页
上海锦江国际旅游股份有限公司
财务报表附注
2016 年 12 月 31 日止年度
(六) 合并财务报表项目注释- 续
5、存货
(1) 存货分类
人民币元
2016 年 12 月 31 日 2015 年 12 月 31 日
项目
账面余额 跌价准备 账面价值 账面余额 跌价准备 账面价值
原材料 441,746.79 141,841.51 299,905.28 449,550.54 141,841.51 307,709.03
合计 441,746.79 141,841.51 299,905.28 449,550.54 141,841.51 307,709.03
(2) 本年度内，存货跌价准备余额无变动。
6、其他流动资产
人民币元
项目 2016 年 2015 年
预交所得税 - 1,668,629.53
7、可供出售金融资产
(1) 可供出售金融资产情况
人民币元
2016 年 12 月 31 日 2015 年 12 月 31 日
项目
账面余额 减值准备 账面价值 账面余额 减值准备 账面价值
可供出售权益工具
公允价值计量 730,425,794.60 - 730,425,794.60 923,383,340.47 - 923,383,340.47
按成本计量 57,508.00 - 57,508.00 57,508.00 - 57,508.00
合计 730,483,302.60 - 730,483,302.60 923,440,848.47 - 923,440,848.47
本年末公允价值参考上海证券交易所和深圳证券交易所于 2016 年 12 月 31 日收盘价确定。
(2) 年末按公允价值计量的可供出售金融资产
人民币元
可供出售金融资产分类 可供出售权益工具
权益工具的成本 122,062,482.41
公允价值 730,425,794.60
累计计入其他综合收益的公允价值变动金额 456,272,484.16
已计提减值金额 -
人民币元
被投资公司名 股票
年初持股数 2015 年 12 月 31 日 本年公允价值变动 本年处置 2016 年 12 月 31 日 年末持股数
称 代码
浦发银行(注 1) 600000 28,214,523 515,479,335.21 (15,912,206.01) (96,165,474.45) 403,401,654.75 24,885,975
交通银行 601328 30,647,500 197,369,900.00 (20,533,825.00) - 176,836,075.00 30,647,500
豫园商城 600655 11,954,830 193,190,052.80 (56,665,894.20) - 136,524,158.60 11,954,830
申万宏源(注 2) 000166 1,619,426 17,344,052.46 (3,680,146.21) - 13,663,906.25 2,186,225
合计 923,383,340.47 (96,792,071.42) (96,165,474.45) 730,425,794.60
注 1：本年度内，浦发银行向全体股东每 10 股派发股票股利 1 股。本年度内，本公司共出售所持浦发银
行股票 6,000,000 股。
注 2：本年度内，申万宏源向全体股东每 10 股派发股票股利 3.5 股。
第 31 页
上海锦江国际旅游股份有限公司
财务报表附注
2016 年 12 月 31 日止年度
(六) 合并财务报表项目注释 - 续
8、长期股权投资
人民币元
本年增减变动
在被投资
2015 年 2016 年 减值准备
被投资单位 初始投资成本 单位持股
12 月 31 日 权益法下确认的 其他综合收益 其他权益 宣告发放现金 计提减值 12 月 31 日 年末余额
比例(%) 追加投资 减少投资 其他
投资损益 调整 变动 股利或利润 准备
联营企业
上海锦江商旅汽
车服务股份有限 20,020,020.00 20.00 51,271,011.02 - - 5,766,685.02 - - - - - 57,037,696.04 -
公司
上海浦江游览有
13,360,284.59 20.00 10,600,881.35 - - 1,723,174.27 - - - - - 12,324,055.62 -
限公司
上海东方航空国
际旅游运输有限 3,920,000.00 49.00 261,448.66 - - 7,452.47 - - - - - 268,901.13 -
公司
上海外航国际旅
1,050,000.00 30.00 3,642,635.43 - - 67,197.67 - - (150,000.00) - - 3,559,833.10 -
行社有限公司
上海一日旅行社
800,000.00 22.86 323,833.05 - - (202,974.97) - - - - - 120,858.08 -
有限公司
上海聚星物业管
246,500.00 24.65 1,016,017.66 - - 14,330.94 - - - - - 1,030,348.60 -
理有限公司
合计 39,396,804.59 67,115,827.17 - - 7,375,865.40 - - (150,000.00) - - 74,341,692.57 -
第 32 页
上海锦江国际旅游股份有限公司
财务报表附注
2016 年 12 月 31 日止年度
(六) 合并财务报表项目注释- 续
9、投资性房地产
人民币元
项目 房屋及建筑物
一、账面原值
1.2015 年 12 月 31 日 215,411,094.17
2.2016 年 12 月 31 日 215,411,094.17
二、累计折旧
1.2015 年 12 月 31 日 73,027,055.85
2.本年增加金额 - 计提折旧 4,139,961.72
3.2016 年 12 月 31 日 77,167,017.57
三、减值准备
1.2015 年 12 月 31 日 -
2.2016 年 12 月 31 日 -
四、账面价值
1.2015 年 12 月 31 日 142,384,038.32
2.2016 年 12 月 31 日 138,244,076.60
第 33 页
上海锦江国际旅游股份有限公司
财务报表附注
2016 年 12 月 31 日止年度
(六) 合并财务报表项目注释- 续
10、固定资产
(1) 固定资产情况
人民币元
项目 房屋及建筑物 机器设备 电子设备、器具及家具 运输工具 固定资产装修支出 合计
一、账面原值
1.2015 年 12 月 31 日 75,225,368.10 10,613,605.48 4,424,086.50 11,271,587.56 9,930,945.40 111,465,593.04
2.本年增加金额-购置 - 152,195.26 98,296.00 - - 250,491.26
3.本年减少 - 处置或报废 - (322,273.89) (325,380.21) (678,813.00) - (1,326,467.10)
4. 2016 年 12 月 31 日 75,225,368.10 10,443,526.85 4,197,002.29 10,592,774.56 9,930,945.40 110,389,617.20
二、累计折旧
1. 2015 年 12 月 31 日 28,250,891.98 7,913,347.57 3,280,256.70 5,120,262.69 5,400,665.80 49,965,424.74
2.本年增加金额 - 计提 1,372,914.36 893,289.18 342,196.81 1,212,983.62 2,228,018.74 6,049,402.71
3.本年减少 - 处置或报废 - (299,973.67) (308,864.59) (644,872.35) - (1,253,710.61)
4. 2016 年 12 月 31 日 29,623,806.34 8,506,663.08 3,313,588.92 5,688,373.96 7,628,684.54 54,761,116.84
三、减值准备
1. 2015 年 12 月 31 日 - - - - - -
2. 2016 年 12 月 31 日 - - - - - -
四、账面价值
1. 2015 年 12 月 31 日 46,974,476.12 2,700,257.91 1,143,829.80 6,151,324.87 4,530,279.60 61,500,168.30
2. 2016 年 12 月 31 日 45,601,561.76 1,936,863.77 883,413.37 4,904,400.60 2,302,260.86 55,628,500.36
第 34 页
上海锦江国际旅游股份有限公司
财务报表附注
2016 年 12 月 31 日止年度
(六) 合并财务报表项目注释- 续
10、固定资产 - 续
(2) 未办妥产权证书的固定资产情况
人民币元
项目 账面价值 未办妥产权证书原因
北京丰台房产一处 100,917.53 该房产非商品房，无法办理产权证书
11、在建工程
(1) 在建工程明细如下：
人民币元
2016 年 12 月 31 日 2015 年 12 月 31 日
项目
账面余额 减值准备 账面净值 账面余额 减值准备 账面净值
公民游整合改造工程 601,910.37 - 601,910.37 206,250.00 - 206,250.00
其他工程 63,000.00 - 63,000.00 271,000.00 - 271,000.00
合计 664,910.37 - 664,910.37 477,250.00 - 477,250.00
第 35 页
上海锦江国际旅游股份有限公司
财务报表附注
2016 年 12 月 31 日止年度
(六) 合并财务报表项目注释- 续
11、在建工程 - 续
(2) 在建工程项目变动情况：
人民币元
其中：本年利
工程投入占预 利息资本化累 本年利息资
项目名称 预算数 2015 年 12 月 31 日 本年增加 本年减少 2016 年 12 月 31 日 工程进度 息资本化金 资金来源
算比例(%) 计金额 本化率(%)
额
公民游整合改造工程 1,000,000.00 206,250.00 395,660.37 - 601,910.37 60.19 在建 - - - 自筹
装修工程 163,476.00 - 163,476.00 163,476.00 - 100.00 完工 - - - 自筹
其他工程 443,732.00 271,000.00 - 208,000.00 63,000.00 不适用 不适用 - - - 自筹
合计 1,607,208.00 477,250.00 559,136.37 371,476.00 664,910.37 - - -
第 36 页
上海锦江国际旅游股份有限公司
财务报表附注
2016 年 12 月 31 日止年度
(六) 合并财务报表项目注释- 续
12、无形资产
人民币元
项目 软件
一、账面原值
1.2015 年 12 月 31 日 7,183,002.28
2.本年增加金额-购置 41,500.00
3.2016 年 12 月 31 日 7,224,502.28
二、累计摊销
1.2015 年 12 月 31 日 6,007,252.24
2.本年增加金额 -计提摊销 558,874.95
3.2016 年 12 月 31 日 6,566,127.19
三、减值准备
1.2015 年 12 月 31 日 -
2.2016 年 12 月 31 日 -
四、账面价值
1.2015 年 12 月 31 日 1,175,750.04
2.2016 年 12 月 31 日 658,375.09
13、商誉
人民币元
2016 年 12 月 31 日
被投资单位名称或形成商誉的事项
及 2015 年 12 月 31 日
上海锦江国际会展有限公司(注) 631,400.11
注：本年末，本集团评估了上述商誉的可收回金额，并确定与本集团相关的商誉并未发生减值。
第 37 页
上海锦江国际旅游股份有限公司
财务报表附注
2016 年 12 月 31 日止年度
(六) 合并财务报表项目注释- 续
14、长期待摊费用
人民币元
项目 2015 年 12 月 31 日 本年在建工程转入 本年摊销额 2016 年 12 月 31 日
经营租入固定资产装修支出 2,356,930.54 163,476.00 (868,766.65) 1,651,639.89
15、递延所得税资产/递延所得税负债
递延所得税资产和递延所得税负债不以抵销后的净额列示。
(1) 已确认的递延所得税资产和递延所得税负债
人民币元
2016 年 12 月 31 日 2016 年 12 月 31 日 2015 年 12 月 31 日 2015 年 12 月 31 日
项目 可抵扣或应纳税 递延所得税资产或 可抵扣或应纳税 递延所得税资产或
暂时性差异 负债 暂时性差异 负债
递延所得税资产：
可抵扣亏损 39,998,919.05 9,999,729.76 22,326,948.48 5,581,737.13
小计 39,998,919.05 9,999,729.76 22,326,948.48 5,581,737.13
递延所得税负债：
可供出售金融资产公允价
608,363,312.19 152,090,828.03 784,182,270.56 196,045,567.64
值变动
非同一控制下企业合并中
9,979.05 2,494.75 14,108.31 3,527.07
非流动资产公允价值调整
小计 608,373,291.24 152,093,322.78 784,196,378.87 196,049,094.71
根据本集团对未来盈利预测结果，判断在未来期间很可能获得足够的应纳税所得额用来抵扣可抵扣暂时
性差异和可抵扣亏损，据此确认相关递延所得税资产。
(2) 未确认递延所得税资产明细
人民币元
项目 2016 年 12 月 31 日 2015 年 12 月 31 日
可抵扣亏损 25,847,337.74 14,644,382.73
可抵扣暂时性差异 2,105,049.41 3,863,592.47
合计 27,952,387.15 18,507,975.20
由于未来能否获得足够的应纳税所得额具有不确定性，因此未对以上可抵扣暂时性差异和可抵扣亏损确
认递延所得税资产。
(3) 未确认递延所得税资产的可抵扣亏损将于以下年度到期
人民币元
年份 2016 年 12 月 31 日 2015 年 12 月 31 日
2016 - 1,570,917.07
2017 838,833.00 838,833.00
2018 5,660,456.15 5,660,456.15
2019 2,856,651.19 2,856,651.19
2020 11,712,589.07 3,717,525.32
2021 4,778,808.33 -
合计 25,847,337.74 14,644,382.73
第 38 页
上海锦江国际旅游股份有限公司
财务报表附注
2016 年 12 月 31 日止年度
(六) 合并财务报表项目注释- 续
16、其他非流动资产
人民币元
项目 2016 年 12 月 31 日
及 2015 年 12 月 31 日
民航保证金 2,100,000.00
其他(注) 866,851.80
合计 2,966,851.80
注：其他系本集团支付给货运行业协会的保证金和高尔夫球场的会员证。
17、应付账款
(1) 应付账款明细如下：
人民币元
项目 2016 年 12 月 31 日 2015 年 12 月 31 日
旅游业务应付账款 82,897,755.17 94,790,862.52
其他 5,852,469.24 6,308,380.96
合计 88,750,224.41 101,099,243.48
(2) 本年末无账龄超过 1 年的重要应付账款。
18、预收款项
(1) 预收款项明细如下：
人民币元
项目 2016 年 12 月 31 日 2015 年 12 月 31 日
旅游业务预收款项 168,681,275.38 159,343,358.96
其他 3,482,725.05 3,713,883.79
合计 172,164,000.43 163,057,242.75
(2) 本年末无账龄超过 1 年的重要预收款项。
第 39 页
上海锦江国际旅游股份有限公司
财务报表附注
2016 年 12 月 31 日止年度
(六) 合并财务报表项目注释- 续
19、应付职工薪酬
(1) 应付职工薪酬列示
人民币元
项目 2015 年 12 月 31 日 本年增加 本年减少 2016 年 12 月 31 日
1、短期薪酬 17,647,377.06 141,814,596.81 (133,709,447.48) 25,752,526.39
2、离职后福利-设定提存计划 997,950.59 17,241,403.85 (17,331,464.75) 907,889.69
合计 18,645,327.65 159,056,000.66 (151,040,912.23) 26,660,416.08
(2) 短期薪酬列示
人民币元
项目 2015 年 12 月 31 日 本年增加 本年减少 2016 年 12 月 31 日
1、工资、奖金、津贴和补贴 17,039,947.39 101,407,889.73 (98,104,257.98) 20,343,579.14
2、职工福利费 86,249.00 8,308,394.67 (8,330,205.67) 64,438.00
3、社会保险费 448,941.16 10,284,098.04 (10,334,997.84) 398,041.36
其中：医疗保险费 404,201.25 9,182,757.03 (9,227,018.83) 359,939.45
工伤保险费 14,950.50 258,980.75 (264,486.15) 9,445.10
生育保险费 29,789.41 842,360.26 (843,492.86) 28,656.81
4、住房公积金 - 9,466,312.00 (9,466,312.00) -
5、工会经费和职工教育经费 72,239.51 1,877,516.30 (1,726,039.42) 223,716.39
6、其他 - 10,470,386.07 (5,747,634.57) 4,722,751.50
合计 17,647,377.06 141,814,596.81 (133,709,447.48) 25,752,526.39
(3) 设定提存计划
人民币元
项目 2015 年 12 月 31 日 本年增加 本年减少 2016 年 12 月 31 日
1、基本养老保险费 933,706.98 16,378,636.23 (16,452,110.33) 860,232.88
2、失业保险费 64,243.61 862,767.62 (879,354.42) 47,656.81
合计 997,950.59 17,241,403.85 (17,331,464.75) 907,889.69
本集团按规定参加由政府机构设立的基本养老保险、失业保险计划。根据基本养老保险计划，本集团分
别按员工上一年度月平均工资的 14%、20%或 21%每月向这些计划缴存费用。根据失业保险计划，本集
团分别按员工上一年度月平均工资的 1%或 1.5%每月向这些计划缴存费用。除上述每月缴存费用外，本
集团不再承担进一步支付义务。相应的支出于发生时计入当期损益或相关资产的成本。
本集团本年度应分别向养老保险、失业保险计划缴存费用人民币 16,378,636.23 元及人民币 862,767.62 元
(2015 年度：人民币 18,078,228.83 元及人民币 1,284,709.15 元)。于 2016 年 12 月 31 日，本集团尚有人民
币 860,232.88 元及人民币 47,656.81 元(2015 年 12 月 31 日：人民币 933,706.98 元及人民币 64,243.61 元)
的应缴存费用是于本年度到期而未支付给养老保险及失业保险计划的。有关应缴存费用已于年后支付。
第 40 页
上海锦江国际旅游股份有限公司
财务报表附注
2016 年 12 月 31 日止年度
(六) 合并财务报表项目注释 - 续
20、应交税费
人民币元
项目 2016 年 12 月 31 日 2015 年 12 月 31 日
所得税 8,289,007.69 7,987,251.79
增值税 1,535,304.42 -
营业税 - 424,336.56
其他 2,223,365.02 613,747.98
合计 12,047,677.13 9,025,336.33
21、其他应付款
(1) 按款项性质列示其他应付款：
人民币元
项目 2016 年 12 月 31 日 2015 年 12 月 31 日
押金 20,860,186.90 20,542,690.93
代垫款 2,756,541.58 3,506,230.78
劳务费 1,284,560.76 2,971,921.08
其他 14,893,499.92 13,275,441.47
合计 39,794,789.16 40,296,284.26
(2) 本年末，账龄超过 1 年的大额其他应付款主要为收取的押金。
22、股本
人民币元
本年变动
2016 年 1 月 1 日 2016 年 12 月 31 日
发行新股 送股 公积金转股 其他 小计
2016 年度：
一、有限售条件股份-国
66,556,270.00 - - - - - 66,556,270.00
有法人持股
二、无限售条件股份-境
66,000,000.00 - - - - - 66,000,000.00
内上市外资股
三、股份总数 132,556,270.00 - - - - - 132,556,270.00
第 41 页
上海锦江国际旅游股份有限公司
财务报表附注
2016 年 12 月 31 日止年度
(六) 合并财务报表项目注释- 续
23、资本公积
人民币元
项目 2016 年 1 月 1 日 本年增加 本年减少 2016 年 12 月 31 日
资本溢价-投资者投入的资本 166,391,273.66 - - 166,391,273.66
其他资本公积-原制度资本公积转入 33,557,683.87 - - 33,557,683.87
合计 199,948,957.53 - - 199,948,957.53
24、其他综合收益
人民币元
本年发生额
2016 年 减：前期计入 税后归 2016 年
项目 本年所得税前发 减：所得税 税后归属于母公
1月1日 其他综合收益 属于少 12 月 31 日
生额 费用 司所有者
当期转入损益 数股东
以后将重分类进
损益的其他综合 588,136,702.92 (96,792,071.42) 79,026,886.95 43,954,739.61 (131,864,218.76) - 456,272,484.16
收益
其中：可供出售金
融资产公
588,136,702.92 (96,792,071.42) 79,026,886.95 43,954,739.61 (131,864,218.76) - 456,272,484.16
允价值变
动损益
合计 588,136,702.92 (96,792,071.42) 79,026,886.95 43,954,739.61 (131,864,218.76) - 456,272,484.16
25、盈余公积
人民币元
项目 2016 年 1 月 1 日 本年增加 本年减少 2016 年 12 月 31 日
法定盈余公积 122,952,878.63 - - 122,952,878.63
任意盈余公积 24,845,963.53 - - 24,845,963.53
合计 147,798,842.16 - - 147,798,842.16
根据《中华人民共和国公司法》及本公司章程，本公司按年度母公司净利润的 10%提取法定盈余公积金，
当法定盈余公积金累计额达到股本的 50%时，可不再提取。法定盈余公积金经可用于弥补亏损或者增加
股本。任意盈余公积金经批准后可用于弥补以前年度亏损或增加股本。
本公司法定盈余公积年末余额为人民币 122,952,878.63 元，已达到本公司股本的 50%，故本年度内，本
公司未计提法定盈余公积。
第 42 页
上海锦江国际旅游股份有限公司
财务报表附注
2016 年 12 月 31 日止年度
(六) 合并财务报表项目注释- 续
26、未分配利润
人民币元
项目 2016 年度 2015 年度
年初未分配利润 200,632,115.64 169,307,149.32
加：本年归属于母公司所有者的净利润 61,137,877.20 60,752,458.26
减：提取法定盈余公积 - -
应付普通股股利(注 1) 30,487,942.10 29,427,491.94
年末未分配利润(注 2) 231,282,050.74 200,632,115.64
注 1：股东大会已批准的现金股利情况：
于 2016 年 5 月 26 日，本公司股东大会决议批准，按已发行之股份 132,556,270 股计算，以每十股
向全体股东派发 2015 年度现金股利人民币 2.30 元(含税)，总计分配人民币 30,487,942.10 元。
注 2：资产负债表日后决议的利润分配情况：
于 2017 年 3 月 28 日，本公司董事会提议，按已发行之股份 132,556,270 股计算，拟以每十股向全
体股东派发 2016 年度现金股利人民币 2.32 元(含税)。上述股利分配方案尚待本公司股东大会批准。
27、营业收入、营业成本
(1) 营业收入及营业成本
人民币元
2016 年度 2015 年度
项目
收入 成本 收入 成本
主营业务 1,882,277,277.75 1,758,161,105.06 2,255,327,714.98 2,092,416,976.72
其他业务 25,253,864.51 9,844,036.72 24,859,607.62 9,483,255.56
合计 1,907,531,142.26 1,768,005,141.78 2,280,187,322.60 2,101,900,232.28
第 43 页
上海锦江国际旅游股份有限公司
财务报表附注
2016 年 12 月 31 日止年度
(六) 合并财务报表项目注释- 续
27、营业收入、营业成本 - 续
(2) 主营业务(分业务)
人民币元
2016 年度 2015 年度
行业名称
营业收入 营业成本 营业收入 营业成本
旅游及相关业务 1,874,612,284.74 1,752,574,747.78 2,245,931,555.68 2,085,304,202.36
其他业务 7,664,993.01 5,586,357.28 9,396,159.30 7,112,774.36
合计 1,882,277,277.75 1,758,161,105.06 2,255,327,714.98 2,092,416,976.72
(3) 主营业务(分地区)
人民币元
2016 年度 2015 年度
地区名称
营业收入 营业成本 营业收入 营业成本
中国大陆地区 1,774,583,252.90 1,666,514,578.63 2,136,311,724.51 1,988,688,807.78
除中国大陆外其他地区 107,694,024.85 91,646,526.43 119,015,990.47 103,728,168.94
合计 1,882,277,277.75 1,758,161,105.06 2,255,327,714.98 2,092,416,976.72
(4) 其他业务
人民币元
2016 年度 2015 年度
行业名称
营业收入 营业成本 营业收入 营业成本
房屋租赁 15,885,589.19 4,890,729.81 15,127,906.12 4,886,005.55
物业服务 9,368,275.32 4,953,306.91 9,731,701.50 4,597,250.01
合计 25,253,864.51 9,844,036.72 24,859,607.62 9,483,255.56
28、税金及附加
人民币元
项目 2016 年度 2015 年度
营业税 2,396,550.11 9,943,723.00
房产税 2,438,384.29 2,155,935.96
城市维护建设税 1,034,607.49 763,326.05
教育费附加 834,920.08 552,825.09
其他 165,497.24 -
合计 6,869,959.21 13,415,810.10
29、销售费用
人民币元
项目 2016 年度 2015 年度
职工薪酬 99,634,709.08 108,531,787.90
经营租赁费用 3,946,490.08 5,995,342.69
劳务费 6,019,084.07 5,039,064.03
广告费 5,766,626.60 4,312,082.35
其他 8,648,489.02 9,188,557.16
合计 124,015,398.85 133,066,834.13
第 44 页
上海锦江国际旅游股份有限公司
财务报表附注
2016 年 12 月 31 日止年度
(六) 合并财务报表项目注释- 续
30、管理费用
人民币元
项目 2016 年度 2015 年度
职工薪酬 39,715,956.20 42,264,210.78
折旧与摊销 5,808,792.85 6,204,783.47
能源费及物料消耗 2,477,258.09 2,959,667.01
业务招待费 425,566.07 64,210.15
其他 10,937,715.68 12,209,641.36
合计 59,365,288.89 63,702,512.77
31、财务费用
人民币元
项目 2016 年度 2015 年度
利息收入 (9,413,482.50) (12,735,817.07)
汇兑差额 2,276,227.34 430,422.08
其他 2,809,799.93 3,542,594.30
合计 (4,327,455.23) (8,762,800.69)
32、资产减值损失(转回)
人民币元
项目 2016 年度 2015 年度
坏账损失(转回) (1,513,121.69) (638,404.30)
33、 投资收益
(1) 投资收益明细情况
人民币元
项目 2016 年度 2015 年度
权益法核算的长期股权投资收益 7,375,865.40 5,509,857.75
持有可供出售金融资产等期间取得的投资收益 24,359,796.55 33,913,587.21
处置以公允价值计量且其变动计入当期损益的金融
- 91,450.80
资产取得的投资收益
处置可供出售金融资产等取得的投资收益 79,026,886.95 46,238,060.13
合计 110,762,548.90 85,752,955.89
第 45 页
上海锦江国际旅游股份有限公司
财务报表附注
2016 年 12 月 31 日止年度
(六) 合并财务报表项目注释- 续
33、投资收益 - 续
(2) 按权益法核算的长期股权投资收益：
人民币元
本年比上年增减
被投资单位 2016 年度 2015 年度
变动的原因
因营业收入增加，本年盈
上海锦江商旅汽车服务股份有限公司 5,766,685.02 5,236,671.45
利高于上年
因营业收入增加，本年盈
上海浦江游览有限公司 1,723,174.27 371,426.65
利高于上年
该公司目前处于停业清
上海东方航空国际旅游运输有限公司 7,452.47 12,120.03
理状态
因旅行社业务毛利下降，
上海外航国际旅行社有限公司 67,197.67 96,787.57
本年盈利低于上年
因旅行社业务毛利上升，
上海一日旅行社有限公司 (202,974.97) (221,426.51)
本年亏损低于上年
因营业收入上升，本年盈
上海聚星物业管理有限公司 14,330.94 14,278.56
利高于上年
合计 7,375,865.40 5,509,857.75
本集团的投资收益汇回不存在重大限制。
(3) 持有可供出售金融资产期间取得的投资收益
人民币元
可供出售金融资产名称 股票代码 2016 年度 2015 年度
浦发银行 600000 13,757,979.35 23,099,493.91
交通银行 601328 8,274,825.00 8,274,825.00
豫园商城 600655 2,032,321.10 2,510,514.30
其他 294,671.10 28,754.00
合计 24,359,796.55 33,913,587.21
注：本年度内，浦发银行向全体股东每 10 股派发现金股利人民币 5.15 元(2015 年度人民币 7.60 元)；交
通银行向全体股东每 10 股派发现金股利人民币 2.70 元(2015 年度人民币 2.70 元)；豫园商城向全体
股东每 10 股派发现金股利人民币 1.70 元(2015 年度人民币 2.10 元)。
第 46 页
上海锦江国际旅游股份有限公司
财务报表附注
2016 年 12 月 31 日止年度
(六) 合并财务报表项目注释- 续
33、投资收益 - 续
(4) 处置可供出售金融资产等取得的投资收益
人民币元
可供出售金 2016 年度 2015 年度
股票代码
融资产名称 出售股数 处置收益 出售股数 处置收益
浦发银行 600000 6,000,000 79,026,886.95 3,500,000 46,238,060.13
合计 79,026,886.95 46,238,060.13
34、营业外收入
(1) 营业外收入明细如下：
人民币元
计入本年非经常性损
项目 2016 年度 2015 年度
益的金额
政府补助 6,902,884.60 4,640,299.80 6,902,884.60
固定资产处置利得 297,373.88 125.00 297,373.88
其他 832,477.53 17,925.80 832,477.53
合计 8,032,736.01 4,658,350.60 8,032,736.01
(2) 计入当期的损益政府补助明细
人民币元
与资产相关/
补助项目 2016 年度 2015 年度
与收益相关
财政扶持资金 6,572,560.00 4,440,000.00 与收益相关
其他 330,324.60 200,299.80 与收益相关
合计 6,902,884.60 4,640,299.80
35、营业外支出
人民币元
计入本年非经常性
项目 2016 年度 2015 年度
损益的金额
固定资产处置损失 74,980.49 20,106.90 74,980.49
其他 396,878.54 2,686.44 396,878.54
合计 471,859.03 22,793.34 471,859.03
第 47 页
上海锦江国际旅游股份有限公司
财务报表附注
2016 年 12 月 31 日止年度
(六) 合并财务报表项目注释- 续
36、所得税费用
人民币元
项目 2016 年度 2015 年度
当期所得税费用 17,193,605.14 8,929,099.63
递延所得税费用 (4,419,024.95) (1,008,406.34)
以前年度汇算清缴差异 (372,192.96) (200,863.62)
合计 12,402,387.23 7,719,829.67
所得税费用与会计利润的调节表如下：
人民币元
2016 年度 2015 年度
会计利润 73,439,356.33 67,891,651.46
按 25%的税率计算的所得税费用 18,359,839.08 16,972,912.89
不可抵扣费用的纳税影响 28,669.39 81,117.69
免税收入的纳税影响 (7,933,915.50) (9,885,172.74)
未确认可抵扣亏损和可抵扣暂时性差异的纳税影响 2,323,696.26 768,455.33
子公司税率不一致的影响 (3,709.04) (16,619.88)
以前年度汇算清缴差异 (372,192.96) (200,863.62)
合计 12,402,387.23 7,719,829.67
37、现金流量表项目注释
(1) 收到其他与经营活动有关的现金
人民币元
项目 2016 年度 2015 年度
收到的政府补贴 6,902,884.60 4,640,299.80
利息收入 2,808,092.09 2,724,385.56
受限制货币资金的减少 1,400,000.00 700,046.72
其他 9,632,477.53 17,925.80
合计 20,743,454.22 8,082,657.88
(2) 支付其他与经营活动有关的现金
人民币元
项目 2016 年度 2015 年度
营业费用及管理费用中的支付额 21,507,681.05 25,210,000.22
存入的质押定期存款(注) 14,100,000.00 -
支付的银行手续费 2,809,799.93 3,542,594.30
其他受限制货币资金的增加 202,400.00 -
其他 3,801,765.79 1,485,460.04
合计 42,421,646.77 30,238,054.56
注：于本年度内，本公司成为上海迪士尼度假区旅游业界合作伙伴。根据相关合作要求，本公司于中国
工商银行外滩支行质押金额分别为人民币 12,000,000.00 元和人民币 2,100,000.00 元的两笔两年期定
期存款，以分别向上海国际主题乐园有限公司、上海国际主题乐园配套设施有限公司开具保函。这
两项质押的到期日均为 2017 年 5 月 31 日。
第 48 页
上海锦江国际旅游股份有限公司
财务报表附注
2016 年 12 月 31 日止年度
(六) 合并财务报表项目注释- 续
38、现金流量表补充资料
(1) 现金流量表补充资料
人民币元
补充资料 2016 年度 2015 年度
1．将净利润调节为经营活动现金流量：
净利润 61,036,969.10 60,171,821.79
加:计提(转回)资产减值准备 (1,513,121.69) (638,404.30)
固定资产及投资性房地产折旧 10,189,364.43 10,624,189.74
无形资产摊销 558,874.95 532,749.96
长期待摊费用摊销 868,766.65 931,597.90
处置固定资产、无形资产和其他长期资产的损益 (222,393.39) 19,981.90
财务费用 (6,605,390.41) (10,011,431.51)
投资损失(收益) (110,762,548.90) (85,752,955.89)
递延所得税资产减少(增加) (4,417,992.63) (1,007,374.02)
递延所得税负债增加(减少) (1,032.32) (1,032.32)
存货的减少(增加) 7,803.75 (1,506.29)
经营性应收项目的减少(增加) (8,332,939.01) 19,178,578.75
经营性应付项目的增加(减少) 7,293,672.74 (25,299,829.29)
受限制货币资金的减少(增加) (12,902,400.00) 700,046.72
经营活动产生的现金流量净额 (64,802,366.73) (30,553,566.86)
2．不涉及现金收支的重大投资和筹资活动：
3．现金及现金等价物净变动情况：
现金及现金等价物的年末余额 216,596,205.61 284,953,830.78
减: 现金及现金等价物的年初余额 284,953,830.78 200,665,786.07
现金及现金等价物净增加(减少)额 (68,357,625.17) 84,288,044.71
(2) 现金和现金等价物的构成
人民币元
项目 2016 年 12 月 31 日 2015 年 12 月 31 日
一、现金 216,596,205.61 284,953,830.78
其中：库存现金 162,223.52 127,404.70
可随时用于支付的银行存款 215,946,821.47 284,292,638.84
可随时用于支付的其他货币资金 487,160.62 533,787.24
二、年末现金及现金等价物余额 216,596,205.61 284,953,830.78
39、所有权或使用权受到限制的资产
人民币元
项目 年末账面价值 受限原因
货币资金(附注(六)1(注)、附注(六)37(2)(注)) 14,100,000.00 质押
合计 14,100,000.00
第 49 页
上海锦江国际旅游股份有限公司
财务报表附注
2016 年 12 月 31 日止年度
(七) 在其他主体中的权益
1、在子公司中的权益
企业集团的构成(注 1)
主要 持股比例(%)
序 业务
子公司名称 经营 注册地 取得方式
号 性质 直接 间接
地
1 上海国旅国际旅行社有限公司(“上海国旅”) 中国 上海市静安区北京西路 1277 号 7、8 楼 服务 90.00 10.00 通过设立或投资等方式取得
2 上海国之旅物业管理有限公司 中国 上海市静安区北京西路 1277 号 101 室底楼夹层 服务 90.00 10.00 通过设立或投资等方式取得
3 上海国之旅国际货运代理有限公司 中国 上海市浦东新区杨高南路 889 号 215 室 服务 90.00 10.00 通过设立或投资等方式取得
4 上海国之旅导游服务有限公司 中国 上海市静安区北京西路 1277 号 601 室 服务 68.00 32.00 通过设立或投资等方式取得
5 上海国旅广告有限公司 中国 上海市闵行区古美路 457 号二层 205 室 服务 100.00 - 通过设立或投资等方式取得
6 上海锦江国际绿色假期旅游有限公司(“绿色假期”) 中国 上海市金山区廊下镇漕廊公路 9188 号 服务 70.00 - 通过设立或投资等方式取得
7 浙江锦旅国际旅行社有限公司(“浙江锦旅”) 中国 杭州市江干区秋涛北路 77 号 10 楼 19 室 服务 90.00 10.00 通过设立或投资等方式取得
8 上海锦江旅游控股有限公司(“锦旅控股”) (注 2) 中国 上海市黄浦区长乐路 191 号 服务 90.00 10.00 同一控制下企业合并取得的子公司
50.00
9 上海锦江国际会展有限公司 中国 上海市黄浦区长乐路 191 号 4 幢 209 室 服务 - 通过设立或投资等方式取得
(注 3)
10 上海旅行社有限公司 中国 上海市黄浦区福州路 739 号 服务 98.00 2.00 同一控制下企业合并取得的子公司
11 上海华亭海外旅游有限公司 中国 上海市黄浦区茂名南路 58-3 号 610 室 服务 90.00 10.00 同一控制下企业合并取得的子公司
12 上海锦江出入境服务有限公司 中国 上海市长乐路 191 号 服务 90.00 10.00 同一控制下企业合并取得的子公司
13 北京锦江国际旅行社有限公司(“北京锦旅”) 中国 北京市朝阳区建国路 89 号院 15 号楼 1502 号 服务 80.00 - 同一控制下企业合并取得的子公司
注 1：以上对企业集团构成的披露包含本集团的一级子公司 12 家，二级子公司 1 家。本集团的非全资子公司均不重要。
注 2：上海锦江旅游有限公司于 2016 年 10 月 18 日完成工商更名，变更后为上海锦江旅游控股有限公司。
注 3：根据该公司章程规定，本集团享有表决权比例超过半数，对该公司实现控制。
第 50 页
上海锦江国际旅游股份有限公司
财务报表附注
2016 年 12 月 31 日止年度
(七) 在其他主体中的权益 - 续
2、在联营企业中的权益
(1) 重要的联营企业
主要经营 持股比例(%) 对联营企业投资的会
联营企业名称 注册地 业务性质
(2) 重 地 直接 间接 计处理方法
上海锦江商旅汽车服务股份有限公司(“锦江商旅”) 中国 上海市浦东新区龙东大道 6111 号 1 幢 493 室 旅游及相关服务 20.00 - 权益法
要
上海浦江游览有限公司(“浦江游览”) 中国 上海市黄浦区中山东二路 153 号 旅游及相关服务 20.00 - 权益法
联
上海外航国际旅行社有限公司(“外航国际”) 中国 上海市浦东新区浦东大道 2123 号 3E－2165 旅游及相关服务 30.00 - 权益法
营
企业的主要财务信息
人民币元
2016 年 12 月 31 日/2016 年度 2015 年 12 月 31 日/2015 年度
锦江商旅 浦江游览 外航国际 锦江商旅 浦江游览 外航国际
流动资产 90,102,085.19 18,672,442.30 22,787,025.21 73,774,317.23 16,893,924.39 19,509,700.70
非流动资产 294,104,535.51 85,438,189.79 1,562,846.51 296,460,246.27 88,643,737.74 2,163,367.76
资产合计 384,206,620.70 104,110,632.09 24,349,871.72 370,234,563.50 105,537,662.13 21,673,068.46
流动负债 89,242,490.48 42,490,354.00 12,483,761.38 112,003,908.37 52,533,255.37 9,530,950.36
非流动负债 9,775,650.00 - - 1,875,600.00 - -
负债合计 99,018,140.48 42,490,354.00 12,483,761.38 113,879,508.37 52,533,255.37 9,530,950.36
少数股东权益 - - - - - -
归属于母公司股东权益 285,188,480.22 61,620,278.09 11,866,110.34 256,355,055.13 53,004,406.76 12,142,118.10
按持股比例计算的净资产份额 57,037,696.04 12,324,055.62 3,559,833.10 51,271,011.02 10,600,881.35 3,642,635.43
对联营企业权益投资的账面价值 57,037,696.04 12,324,055.62 3,559,833.10 51,271,011.02 10,600,881.35 3,642,635.43
营业收入 312,444,376.98 69,240,289.55 108,780,768.39 304,754,083.03 62,814,058.20 100,541,941.70
净利润 28,833,425.09 8,615,871.33 223,992.24 26,183,357.27 1,857,133.28 322,625.24
其他综合收益 - - - - - -
综合收益总额 28,833,425.09 8,615,871.33 223,992.24 26,183,357.27 1,857,133.28 322,625.24
本年收到的来自联营企业的股利 - - 150,000.00 - - -
第 51 页
上海锦江国际旅游股份有限公司
财务报表附注
2016 年 12 月 31 日止年度
(七) 在其他主体中的权益 - 续
2、在联营企业中的权益 - 续
(3) 不重要的联营企业的汇总财务信息
人民币元
2016 年 12 月 31 日/2016 年度 2015 年 12 月 31 日/2015 年度
联营企业
投资账面价值合计 1,420,107.81 1,601,299.37
下列各项按持股比例计算的合计数
--净利润(亏损) (181,191.56) (193,759.78)
--其他综合收益 - -
--综合收益(损失)总额 (181,191.56) (193,759.78)
(4) 联营企业向本集团转移资金的能力不存在重大限制。
(5) 联营企业未发生超额亏损。
(6) 不存在与联营企业投资相关的或有负债。
(八) 金融工具、风险管理及资本管理
本集团的主要金融工具包括货币资金、应收账款、其他应收款、可供出售金融资产、应付账款及其他应
付款等，各项金融工具的详细情况说明见附注(六)。与这些金融工具有关的风险，以及本集团为降低这
些风险所采取的风险管理政策如下所述。本集团管理层对这些风险敞口进行管理和监控以确保将上述风
险控制在限定的范围之内。
1、风险管理目标和政策
本集团从事风险管理的目标是在风险和收益之间取得适当的平衡，将风险对本集团经营业绩的负面影响
降低到最低水平，使股东及其其他权益投资者的利益最大化。基于该风险管理目标，本集团风险管理的
基本策略是确定和分析本集团所面临的各种风险，建立适当的风险承受底线和进行风险管理，并及时可
靠地对各种风险进行监督，将风险控制在限定的范围之内。
1.1 市场风险
1.1.1 外汇风险
外汇风险指因汇率变动产生损失的风险。本集团承受外汇风险主要与美元、欧元、日元、澳元和港币有
关，本集团的主要业务活动以人民币计价结算。于 2016 年 12 月 31 日，外币资产和负债主要集中在货币
资金、应收账款及应付账款。这些外币余额的资产和负债产生的外汇风险可能对本集团的经营业绩产生
影响。本集团密切关注汇率变动对本集团外汇风险的影响。本集团目前并未采取任何措施规避外汇风险。
人民币元
项目 2016 年 12 月 31 日 2015 年 12 月 31 日
货币资金 9,269,809.85 5,386,207.33
应收账款 9,966,072.43 14,378,388.86
应付账款 25,580,118.26 38,733,828.90
第 52 页
上海锦江国际旅游股份有限公司
财务报表附注
2016 年 12 月 31 日止年度
(八) 金融工具、风险管理及资本管理 - 续
1、风险管理目标和政策 - 续
1.1 市场风险 - 续
1.1.1 外汇风险 - 续
外汇风险敏感性分析
在其他变量不变的情况下，汇率可能发生的合理变动对当期损益和股东权益的税前影响如下：
人民币元
2016 年度 2015 年度
项目 汇率变动
对利润的影响 对股东权益的影响 对利润的影响 对股东权益的影响
所有外币 对人民币升值 10% (634,423.60) (634,423.60) (1,896,923.27) (1,896,923.27)
所有外币 对人民币贬值 10% 634,423.60 634,423.60 1,896,923.27 1,896,923.27
1.1.2 利率风险
利率风险，是指金融工具的公允价值或未来现金流量因市场利率变动而发生波动的风险。于 2016 年 12
月 31 日，本集团面临的利率风险主要来源于货币资金。本集团认为目前的利率风险对于集团的经营影响
不重大。
1.1.3 其他价格风险
其他价格风险，是指外汇风险和利率风险以外的市场风险。本集团面临的主要其他价格风险包括可供出
售权益工具的公允价值因证券价值的变化而波动的风险。于 2016 年 12 月 31 日，本集团的可供出售权益
工具详见附注(六)7。这些 以公允价值计价的资产的其他价格风险可能对本集团的经营业绩和股东权益产
生影响。本集团密切关注证券价格变动对本集团其他价格风险的影响。本集团对证券价值风险进行了如
下敏感性分析，本集团认为目前的证券价值风险对于本集团的经营影响重大。
本集团因持有以公允价值计量的金融资产而面临价格风险。于 2016 年 12 月 31 日，本集团持有以公允价
值计量的金融资产 730,425,794.60 元。在其他变量不变的情况下，根据证券价值可能发生的合理变动，
有关权益工具价格上升(下降)10%，将会导致本集团股东权益增加(减少)人民币 54,781,934.60 元，对净利
润无影响。
1.2 信用风险
于本年末，可能引起本集团财务损失之最大信用风险敞口主要来自于合同另一方未能履行义务而导致本
集团金融资产产生之损失，具体包括合并资产负债表中已确认之金融资产之账面金额，且对于以公允价
值计量之金融工具而言，账面价值反映了其风险敞口，但并非最大风险敞口，其最大风险敞口将随着未
来公允价值之变化而改变。
为降低信用风险，本公司及各子公司均由专人负责确定信用额度、进行信用审批，并执行其他监控程序
以确保采取必要之措施回收过期债权。此外，本集团于每个资产负债表日审核每一单项应收款之回收情
况，以确保就无法回收之款项计提充分的坏账准备。因此，本集团管理层认为本集团所承担的信用风险
已经大为降低。本集团采用了必要的政策确保所有销售客户均具有良好的信用记录，因此本集团管理层
认为本集团除附注(六)2(3)中披露的应收账款金额前五名单位外，无其他信用集中风险。
本集团的流动资金存放在信用评级较高的银行，故流动资金的信用风险较低。
第 53 页
上海锦江国际旅游股份有限公司
财务报表附注
2016 年 12 月 31 日止年度
(八) 金融工具、风险管理及资本管理 - 续
1、风险管理目标和政策 - 续
1.3 流动风险
流动风险是指企业在履行与金融负债有关的义务时遇到资金短缺的风险。管理流动风险时，本集团保持
管理层认为充分的现金及现金等价物并对其进行监控，以满足本集团经营需要，并降低现金流量波动的
影响。
本集团将自有资金作为唯一资金来源，本集团未持有银行借款，金融负债到期期限约在 1-3 个月。鉴于
较低的资本负债率以及持续的融资能力，本集团管理层相信本集团不存在重大流动性风险。
2、资本管理
本集团通过优化负债与股东权益的结构来管理资本，以确保集团内的主体能够持续经营，并同时最大限
度增加股东回报。本集团并未受制于外部强制性资本管理要求。本集团无借款经营计划。
(九) 公允价值的披露
1、以公允价值计量的资产和负债的年末公允价值
人民币元
2016 年 12 月 31 日
第一层次公允 第二层次公允价 第三层次公允价
合计
价值计量 值计量 值计量
持续的公允价值计量
可供出售金融资产
730,425,794.60 - - 730,425,794.60
- 权益工具投资
持续以公允价值计量的资产总额 730,425,794.60 - - 730,425,794.60
2、持续和非持续第一层次公允价值计量项目市价的确定依据
本年末公允价值参考上海证券交易所和深圳证券交易所 2016 年 12 月 31 日的收盘价确定。
3、不以公允价值计量的金融资产与金融负债的公允价值信息
本集团不以公允价值计量的金融资产与金融负债主要系流动资产及流动负债，其账面价值接近公允价值。
第 54 页
上海锦江国际旅游股份有限公司
财务报表附注
2016 年 12 月 31 日止年度
(十) 关联方及关联交易
1、本公司的控股公司情况
对本企业的 对本企业的
公司名称 注册地 业务性质 注册资本
持股比例(%) 表决权比例(%)
酒店投资、酒
上海锦江国际酒店(集
上海市浦东新区杨新东路 24 号 316-318 室 店经营和管理 人民币 556,600 万元 50.21 50.21
团)股份有限公司
及其他
本公司的母公司情况的说明
上海锦江国际酒店(集团)股份有限公司(“锦江酒店集团”)是一家在中华人民共和国境内由上海新亚(集团)有限公司改制而成的股份有限公司，成立于 1995 年 6
月 6 日，主要从事酒店、食品等业务。2006 年 12 月 15 日公司股票获准在香港联合交易所有限公司挂牌交易。其母公司及最终控股股东均为锦江国际。
本公司的最终控股方为锦江国际(集团)有限公司(“锦江国际”)。
第 55 页
上海锦江国际旅游股份有限公司
财务报表附注
2016 年 12 月 31 日止年度
(十) 关联方及关联交易 - 续
2、本公司的子公司情况
子公司的基本情况及相关信息参见附注(七)1。
3、本集团的联营企业情况
本集团无合营企业。本集团的联营企业的基本情况及相关信息参见附注(七)2。
4、本集团的其他关联方情况
其他关联方名称 与本公司关系
上海锦江国际 HRG 商务旅行有限公司 最终控股方的联营企业
上海中旅国际旅行社有限公司 最终控股方的合营企业
上海中旅杨休国际旅行社有限公司 同一最终控股方
上海锦江国际电子商务有限公司 同一最终控股方
锦江国际商务有限公司 同一最终控股方
锦江国际旅游中心有限公司 同一最终控股方
上海锦江乐园有限公司 同一最终控股方
上海新亚(集团)摄影公司 同一最终控股方
上海东锦江大酒店有限公司 同一最终控股方
上海华亭宾馆有限公司 同一最终控股方
上海锦江国际实业投资股份有限公司 同一最终控股方
上海锦江国际酒店(集团)股份有限公司新锦江大酒店 母公司之组成部分
上海和平饭店有限公司 同一母公司
锦江国际集团财务有限责任公司 同一母公司
上海白玉兰宾馆有限公司 同一母公司
上海市上海宾馆有限公司 同一母公司
上海海仑宾馆有限公司 同一母公司
上海虹桥宾馆有限公司 同一母公司
上海建国宾馆有限公司 同一母公司
上海金沙江大酒店有限公司 同一母公司
上海锦佳汽车贸易有限公司 同一母公司
上海锦江饭店有限公司 同一母公司
上海锦江国际酒店发展股份有限公司 同一母公司
上海锦江金门大酒店有限公司 同一母公司
锦江之星旅馆有限公司 同一母公司
上海锦江汽车服务有限公司 同一母公司
上海龙柏饭店有限公司 同一母公司
上海新亚广场长城酒店有限公司 同一母公司
上海锦江商旅汽车服务股份有限公司 同一母公司
上海聚星物业管理有限公司 本公司的联营企业
上海浦江游览有限公司 本公司的联营企业
上海一日旅行社有限公司 本公司的联营企业
公司董事和其他高级管理人员 关键管理人员
以下将锦江国际、上述最终控股方的联营企业、最终控股方的合营企业和同一最终控股方的公司统称为
“锦江国际及其下属企业”，将锦江酒店集团、上述母公司之组成部分和同一母公司的公司统称为“锦江酒
店集团及其下属企业”。
第 56 页
上海锦江国际旅游股份有限公司
财务报表附注
2016 年 12 月 31 日止年度
(十) 关联方及关联交易 - 续
5、关联交易情况
(1) 接受、提供劳务
接受劳务情况如下：
人民币元
2016 年度 2015 年度
关联方 关联交易内容
金额 金额
锦江国际及其下属企业 接受旅游相关服务 10,827,127.55 6,295,435.38
锦江酒店集团及其下属企业 接受旅游相关服务 2,384,163.27 2,425,268.50
本公司的联营企业 接受旅游相关服务 109,917.00 59,615.00
小计 13,321,207.82 8,780,318.88
本公司的联营企业 接受物业管理服务 684,576.67 657,563.94
小计 684,576.67 657,563.94
合计 14,005,784.49 9,437,882.82
提供劳务情况如下：
人民币元
2016 年度 2015 年度
关联方 关联交易内容
金额 金额
锦江国际及其下属企业 提供旅游相关服务 13,447,469.86 18,326,783.04
锦江酒店集团及其下属企业 提供旅游相关服务 237,733.91 426,010.01
本公司的联营企业 提供旅游相关服务 177,395.83 60,083.78
小计 13,862,599.60 18,812,876.83
锦江国际及其下属企业 提供物业管理等服务 1,856,304.00 1,839,504.00
小计 1,856,304.00 1,839,504.00
合计 15,718,903.60 20,652,380.83
第 57 页
上海锦江国际旅游股份有限公司
财务报表附注
2016 年 12 月 31 日止年度
(十) 关联方及关联交易 - 续
5、关联交易情况 - 续
(2) 关联租赁情况
本集团作为出租方：
人民币元
本年度确认的 上年度确认的
承租方名称 租赁资产种类 租赁起始日 租赁终止日
租赁收入 租赁收入
锦江国际及其下 办公场所 2016 年 1 月 1 日 2016 年 12 月 31 日 1,066,260.00 1,068,660.00
属企业
本集团作为承租方：
人民币元
本年度确认的 上年度确认的
出租方名称 租赁资产种类 租赁起始日 租赁终止日
租赁费 租赁费
锦江国际及其 办公场所 2016 年 1 月 1 日 2016 年 12 月 31 日 5,934,460.53 5,678,131.33
下属企业
锦江酒店集团 办公场所 2016 年 1 月 1 日 2016 年 12 月 31 日 1,039,823.21 1,069,167.98
及其下属企业
合计 6,974,283.74 6,747,299.31
第 58 页
上海锦江国际旅游股份有限公司
财务报表附注
2016 年 12 月 31 日止年度
(十) 关联方及关联交易 - 续
5、关联交易情况 - 续
(3) 关键管理人员报酬
人民币元
项目名称 2016 年度 2015 年度
关键管理人员报酬 2,574,500.00 2,435,000.00
注：关键管理人员指有权利并负责进行计划、指挥和控制企业活动的人员。包括总经理、财务总监、主
管各项事务的副总经理，以及行使类似政策职能的人员。支付给关键管理人员的报酬包括采用货币、
实物形式和其他形式的工资、福利、奖金、特殊待遇等。
6、应收应付款项
(1) 应收关联方款项
人民币元
2016 年 12 月 31 日 2015 年 12 月 31 日
项目名称 关联方
账面余额 坏账准备 账面余额 坏账准备
应收账款 锦江国际及其下属企业 6,900,011.28 - 651,190.91 -
应收账款 锦江酒店集团及其下属企业 146,520.00 - 92,581.60 -
应收账款 本公司的联营企业 66,605.70 - 16,650.00 -
小计 7,113,136.98 - 760,422.51 -
其他应收 锦江国际及其下属企业 456,757.00 - 405,382.63 -
其他应收 锦江酒店集团及其下属企业 306,330.00 - 199,220.00 -
其他应收 本公司的联营企业 126,388.28 - 121,624.40 -
小计 889,475.28 - 726,227.03 -
预付款项 锦江国际及其下属企业 35,220.00 - - -
预付款项 锦江酒店集团及其下属企业 100,000.00 - 28,150.00 -
小计 135,220.00 - 28,150.00 -
第 59 页
上海锦江国际旅游股份有限公司
财务报表附注
2016 年 12 月 31 日止年度
(十) 关联方及关联交易 - 续
6、应收应付款项 - 续
(2) 应付关联方款项
人民币元
项目名称 关联方 2016 年 12 月 31 日 2015 年 12 月 31 日
应付账款 锦江国际及其下属企业 1,217,349.42 357,447.89
应付账款 锦江酒店集团及其下属企业 523,722.26 453,166.00
应付账款 本公司的联营企业 31,200.00 8,223.00
小计 1,772,271.68 818,836.89
其他应付款 锦江国际及其下属企业 3,985,496.43 4,398,064.98
小计 3,985,496.43 4,398,064.98
预收款项 锦江国际及其下属企业 260,811.00 -
预收款项 锦江酒店集团及其下属企业 596.00 30,000.00
小计 261,407.00 30,000.00
(十一) 或有事项
截至本年末，本集团不存在需要披露的重大或有事项。
(十二) 承诺事项
(1) 资本承诺
人民币千元
2016 年 12 月 31 日 2015 年 12 月 31 日
已签约但尚未于财务报表中确认的
- 购建长期资产承诺 398 599
(2) 经营租赁承诺
至资产负债表日止，本集团对外签订的不可撤销的经营租赁合约情况如下：
人民币千元
2016 年 12 月 31 日 2015 年 12 月 31 日
不可撤销经营租赁的最低租赁付款额：
资产负债表日后第 1 年 4,865 7,433
资产负债表日后第 2 年 537 548
资产负债表日后第 3 年 256 825
以后年度 397 866
合计 6,055 9,672
(十三) 资产负债表日后事项
资产负债表日后利润分配情况详见附注(六)26 注 2。除此之外，本集团并无重大的资产负债表日后事项。
第 60 页
上海锦江国际旅游股份有限公司
财务报表附注
2016 年 12 月 31 日止年度
(十四) 分部报告
1、分部报告信息
根据本集团的内部组织结构、管理要求及内部报告制度，本集团的经营业务划分为 3 个经营分部，本集团的管理层定期评价这些分部的经营成果，以决定向其
分配资源及评价其业绩。在经营分部的基础上本集团确定了 3 个经营分部，分别为旅游及相关业务分部、房产业务分部和其他业务分部。这些报告分部是以公
司内部管理报告制度为基础确定的。本集团各个报告分部提供的主要产品及劳务分别为：旅游及相关业务、房产业务和其他业务。
分部报告信息根据各分部向管理层报告时采用的会计政策及计量标准披露，这些计量基础与编制财务报表时的会计与计量基础保持一致。
人民币元
旅游及相关业务 房产业务 其他业务 分部间相互抵减 不分配项目 合计
2016 年度 2015 年度 2016 年度 2015 年度 2016 年度 2015 年度 2016 年度 2015 年度 2016 年度 2015 年度 2016 年度 2015 年度
营业收入
对外交易收入 1,874,612,284.74 2,245,931,555.68 25,253,864.51 24,859,607.62 7,664,993.01 9,396,159.30 - - - - 1,907,531,142.26 2,280,187,322.60
分部间交易收入 128,215.03 126,318.18 372,038.50 341,860.88 25,940.00 25,440.00 (526,193.53) (493,619.06) - - - -
分部营业收入合计 1,874,740,499.77 2,246,057,873.86 25,625,903.01 25,201,468.50 7,690,933.01 9,421,599.30 (526,193.53) (493,619.06) - - 1,907,531,142.26 2,280,187,322.60
营业成本 1,752,574,747.78 2,085,304,202.36 9,844,036.72 9,483,255.56 5,586,357.28 7,112,774.36 - - - - 1,768,005,141.78 2,101,900,232.28
分部营业利润 122,165,751.99 160,753,671.50 15,781,866.29 15,718,212.94 2,104,575.73 2,308,824.94 (526,193.53) (493,619.06) - - 139,526,000.48 178,287,090.32
税金及附加 6,869,959.21 13,415,810.10 6,869,959.21 13,415,810.10
销售费用 124,015,398.85 133,066,834.13 124,015,398.85 133,066,834.13
管理费用 59,365,288.89 63,702,512.77 59,365,288.89 63,702,512.77
财务费用 (4,327,455.23) (8,762,800.69) (4,327,455.23) (8,762,800.69)
资产减值损失(转回) (1,513,121.69) (638,404.30) (1,513,121.69) (638,404.30)
公允价值变动损益 - - - -
投资收益 110,762,548.90 85,752,955.89 110,762,548.90 85,752,955.89
营业利润 65,878,479.35 63,256,094.20 65,878,479.35 63,256,094.20
营业外收入 8,032,736.01 4,658,350.60 8,032,736.01 4,658,350.60
营业外支出 471,859.03 22,793.34 471,859.03 22,793.34
利润总额 73,439,356.33 67,891,651.46 73,439,356.33 67,891,651.46
所得税 12,402,387.23 7,719,829.67 12,402,387.23 7,719,829.67
净利润 61,036,969.10 60,171,821.79 61,036,969.10 60,171,821.79
补充资料：
当期确认(转回)的减值损
(1,513,121.69) (638,404.30) - - - - - - (1,513,121.69) (638,404.30)
失
资本性支出：
在建工程支出 559,136.37 935,458.00 - - - - - - 559,136.37 935,458.00
购置固定资产支出 250,491.26 542,327.43 - - 236,790.71 - - - 250,491.26 779,118.14
第 61 页
上海锦江国际旅游股份有限公司
财务报表附注
2016 年 12 月 31 日止年度
(十四) 分部报告 - 续
2、分部按产品或业务划分的对外交易收入
人民币元
项目 2016 年度 2015 年度
旅游及相关业务 1,874,612,284.74 2,245,931,555.68
房屋租赁 15,885,589.19 15,127,906.12
物业服务 9,368,275.32 9,731,701.50
其他业务 7,664,993.01 9,396,159.30
合计 1,907,531,142.26 2,280,187,322.60
3、按收入来源地划分的对外交易收入和资产所在地划分的非流动资产
人民币元
项目 2016 年度 2015 年度
来源于中国大陆的对外交易收入 1,799,837,117.41 2,161,171,332.13
来源于中国大陆外的对外交易收入 107,694,024.85 119,015,990.47
合计 1,907,531,142.26 2,280,187,322.60
本集团的非流动资产均位于中国大陆。
4、对主要客户的依赖程度
不存在占收入 10%以上的主要客户。
分部间转移交易以实际交易价格为基础计量。分部收入和分部成本按各分部的实际收入和成本确定。分
部资产或负债按经营分部日常活动中使用的可归属于该经营分部的资产或产生的可归属于该经营分部的
负债分配。
(十五) 公司财务报表主要项目注释
1、货币资金
人民币元
2016 年 12 月 31 日 2015 年 12 月 31 日
项目
外币金额 折算率 人民币金额 外币金额 折算率 人民币金额
现金： 10,681.43 21,140.13
人民币 10,681.43 21,140.13
银行存款： 126,042,291.61 202,932,789.28
人民币 125,616,187.14 202,716,667.29
美元 61,424.89 6.9370 426,104.47 33,282.31 6.4936 216,121.99
其他货币资金(注)： 234,800,002.43 150,700,107.73
人民币 234,800,002.43 150,700,107.73
合计 360,852,975.47 353,654,037.14
注：于 2016 年 12 月 31 日，其他货币资金金额中包括：保证收益型存款人民币 220,000,000.00 元(于 2015
年 12 月 31 日：人民币 150,000,000.00 元)、旅行社质量保证金余额人民币 700,002.43 元(于 2015 年
12 月 31 日：人民币 700,107.73 元)及质押定期存款人民币 14,100,000.00 元(于 2015 年 12 月 31 日：
人民币零元)。
第 62 页
上海锦江国际旅游股份有限公司
财务报表附注
2016 年 12 月 31 日止年度
(十五) 公司财务报表主要项目注释 - 续
2、应收账款
(1) 应收账款按种类披露：
人民币元
2016 年 12 月 31 日 2015 年 12 月 31 日
账面余额 坏账准备 账面余额 坏账准备
种类
账面价值 比例 账面价值
金额 比例(%) 金额 比例(%) 金额 金额 比例(%)
(%)
单项金额
虽不重大
但单项计
2,483,476.65 100.00 430,524.06 17.34 2,052,952.59 1,861,203.52 100.00 430,524.06 23.13 1,430,679.46
提坏账准
备的应收
账款
合计 2,483,476.65 100.00 430,524.06 17.34 2,052,952.59 1,861,203.52 100.00 430,524.06 23.13 1,430,679.46
(2) 本年度内计提、收回或转回及核销的坏账准备情况：
人民币元
2016 年 2015 年
年初数 430,524.06 742,228.06
本年转回数 - (311,704.00)
年末数 430,524.06 430,524.06
3、其他应收款
(1) 其他应收款按种类披露：
人民币元
2016 年 12 月 31 日 2015 年 12 月 31 日
账面原值 坏账准备 账面原值 坏账准备
种类
比例 比例 账面价值 比例 比例 账面价值
金额 金额 金额 金额
(%) (%) (%) (%)
单项金额
重大并单
项计提坏
1,505,600.00 42.48 - - 1,505,600.00 2,900,000.00 59.12 - - 2,900,000.00
账准备的
其他应收
款
单项金额
虽不重大
但单项计
2,038,869.09 57.52 2,200.00 0.11 2,036,669.09 2,005,275.99 40.88 2,200.00 0.11 2,003,075.99
提坏账准
备的其他
应收款
合计 3,544,469.09 100.00 2,200.00 0.06 3,542,269.09 4,905,275.99 100.00 2,200.00 0.04 4,903,075.99
第 63 页
上海锦江国际旅游股份有限公司
财务报表附注
2016 年 12 月 31 日止年度
(十五) 公司财务报表主要项目注释 - 续
3、其他应收款 - 续
(2) 其他应收款坏账准备余额无变动。
(3) 按欠款方归集的年末余额前五名的其他应收款情况
人民币元
占其他应收款
单位名称 与本公司关系 金额
净额的比例(%)
北京锦旅 子公司 1,505,600.00 42.50
浙江锦旅 子公司 922,102.19 26.03
公司 A 第三方 306,641.62 8.66
浦江游览 联营公司 138,644.30 3.91
公司 B 第三方 70,000.00 1.98
合计 2,942,988.11 83.08
4、长期股权投资
(1) 长期股权投资分类汇总如下：
人民币元
项目 2016 年 12 月 31 日 2015 年 12 月 31 日
对子公司投资 63,806,724.14 63,806,724.14
对联营企业投资 74,341,692.57 67,115,827.17
合计 138,148,416.71 130,922,551.31
减：长期股权投资减值准备 10,615,164.70 10,615,164.70
长期股权投资净额 127,533,252.01 120,307,386.61
第 64 页
上海锦江国际旅游股份有限公司
财务报表附注
2016 年 12 月 31 日止年度
(十五) 公司财务报表主要项目注释 - 续
4、长期股权投资 - 续
(2) 对子公司投资明细如下：
人民币元
被投资单位 核算 2015 年 12 月 31 本年变 减值准备 本年计提 减值准备
初始投资成本 2016 年 12 月 31 日
名称 方法 日 动 年初余额 减值准备 年末余额
子公司
上海国旅国际旅
成本法 18,000,000.00 18,000,000.00 - 18,000,000.00 - - -
行社有限公司
上海锦江旅游控股
成本法 13,379,802.00 13,379,802.00 - 13,379,802.00 - - -
有限公司
上海华亭海外旅
成本法 11,719,107.73 11,719,107.73 - 11,719,107.73 - - -
游有限公司
上海国之旅国际
货运代理有限公 成本法 4,500,000.00 4,500,000.00 - 4,500,000.00 - - -
司
浙江锦旅国际旅
成本法 3,995,919.00 3,995,919.00 - 3,995,919.00 3,995,919.00 - 3,995,919.00
行社有限公司
北京锦江国际旅
成本法 2,419,245.70 2,419,245.70 - 2,419,245.70 2,419,245.70 - 2,419,245.70
行社有限公司
上海锦江国际绿
色假期旅游有限 成本法 1,400,000.00 4,200,000.00 - 4,200,000.00 4,200,000.00 - 4,200,000.00
公司
上海锦江出入境
成本法 1,340,698.25 908,452.14 - 908,452.14 - - -
服务有限公司
上海旅行社有限
成本法 1,061,700.00 2,927,237.57 - 2,927,237.57 - - -
公司
上海国之旅物业
成本法 900,000.00 900,000.00 - 900,000.00 - - -
管理有限公司
上海国旅广告有
成本法 600,000.00 600,000.00 - 600,000.00 - - -
限公司
上海国之旅导游
成本法 256,960.00 256,960.00 - 256,960.00 - - -
服务有限公司
合计 59,573,432.68 63,806,724.14 - 63,806,724.14 10,615,164.70 - 10,615,164.70
(以下将上述子公司统称为“本公司的子公司”)
(3) 对联营企业投资明细如下：
人民币元
本年增减变动
宣告发放现 2016 年 12 月 31
被投资单位名称 2015 年 12 月 31 日 权益法下确认的 减值准备
金股利或利 日
投资损益
润
联营企业
上海锦江商旅汽车服务股份有限公司 51,271,011.02 5,766,685.02 - 57,037,696.04 -
上海浦江游览有限公司 10,600,881.35 1,723,174.27 - 12,324,055.62 -
上海东方航空国际旅游运输有限公司 261,448.66 7,452.47 - 268,901.13 -
上海外航国际旅行社有限公司 3,642,635.43 67,197.67 (150,000.00) 3,559,833.10 -
上海一日旅行社有限公司 323,833.05 (202,974.97) - 120,858.08 -
上海聚星物业管理有限公司 1,016,017.66 14,330.94 - 1,030,348.60 -
合计 67,115,827.17 7,375,865.40 (150,000.00) 74,341,692.57 -
第 65 页
上海锦江国际旅游股份有限公司
财务报表附注
2016 年 12 月 31 日止年度
(十五) 公司财务报表主要项目注释 - 续
5、固定资产
人民币元
机器设备、电子 固定资产装修
项目 房屋及建筑物 运输工具 合计
设备及其他 支出
一、账面原值
1.2015 年 12 月 31 日 74,088,771.40 4,538,144.07 9,681,458.21 6,202,441.40 94,510,815.08
2.本年增加金额 - 购置 - 38,347.44 - - 38,347.44
3.本年减少 - 处置或报废 - (46,199.30) (677,074.00) - (723,273.30)
4. 2016 年 12 月 31 日 74,088,771.40 4,530,292.21 9,004,384.21 6,202,441.40 93,825,889.22
二、累计折旧
1. 2015 年 12 月 31 日 27,243,683.64 2,772,344.87 4,318,399.65 3,213,325.80 37,547,753.96
2.本年增加金额 - 计提 1,350,907.56 556,586.54 1,056,000.80 1,498,018.74 4,461,513.64
3.本年减少 - 处置或报废 - (44,710.36) (643,220.30) - (687,930.66)
4. 2016 年 12 月 31 日 28,594,591.20 3,284,221.05 4,731,180.15 4,711,344.54 41,321,336.94
三、减值准备
1. 2015 年 12 月 31 日 - - - - -
2. 2016 年 12 月 31 日 - - - - -
四、账面价值
1. 2015 年 12 月 31 日 46,845,087.76 1,765,799.20 5,363,058.56 2,989,115.60 56,963,061.12
2. 2016 年 12 月 31 日 45,494,180.20 1,246,071.16 4,273,204.06 1,491,096.86 52,504,552.28
6、其他非流动资产
人民币元
2016 年 12 月 31 日
项目
及 2015 年 12 月 31 日
民航保证金 1,150,000.00
其他(注) 856,851.80
合计 2,006,851.80
注：其他系本公司支付给货运行业协会的保证金及高尔夫球场的会员证。
7、营业收入、营业成本
(1) 营业收入及营业成本
人民币元
2016 度 2015 年度
项目
收入 成本 收入 成本
主营业务 412,946,381.08 404,403,424.04 499,057,170.23 487,387,736.93
其他业务 15,992,316.39 4,890,729.81 15,468,447.00 4,886,005.55
合计 428,938,697.47 409,294,153.85 514,525,617.23 492,273,742.48
第 66 页
上海锦江国际旅游股份有限公司
财务报表附注
2016 年 12 月 31 日止年度
(十五) 公司财务报表主要项目注释 - 续
7、营业收入、营业成本 - 续
(2) 主营业务
人民币元
2016 年度 2015 年度
行业名称
营业收入 营业成本 营业收入 营业成本
旅游及相关业务 412,946,381.08 404,403,424.04 499,057,170.23 487,387,736.93
合计 412,946,381.08 404,403,424.04 499,057,170.23 487,387,736.93
(3) 主营业务(分地区)
人民币元
2016 度 2015 年度
地区名称
营业收入 营业成本 营业收入 营业成本
中国大陆地区 412,946,381.08 404,403,424.04 499,057,170.23 487,387,736.93
合计 412,946,381.08 404,403,424.04 499,057,170.23 487,387,736.93
(4) 其他业务
人民币元
2016 年度 2015 年度
行业名称
营业收入 营业成本 营业收入 营业成本
房屋租赁 15,992,316.39 4,890,729.81 15,468,447.00 4,886,005.55
合计 15,992,316.39 4,890,729.81 15,468,447.00 4,886,005.55
8、管理费用
人民币元
项目 2016 年度 2015 年度
职工薪酬 12,273,469.87 14,825,321.71
折旧与摊销 4,461,107.33 4,791,093.90
能源费与物料消耗 1,903,215.48 1,936,725.16
业务招待费 34,015.25 10,680.80
其他 5,795,047.02 5,233,236.74
合计 24,466,854.95 26,797,058.31
9、投资收益
(1) 投资收益明细情况
人民币元
项目 2016 年度 2015 年度
成本法核算的长期股权投资收益 438,754.52 17,689,197.11
权益法核算的长期股权投资收益 7,375,865.40 5,509,857.75
持有可供出售金融资产等期间取得的投资收益 24,359,796.55 33,913,587.21
处置以公允价值计量且其变动计入当期损益的金融
- 91,450.80
资产取得的投资收益
处置可供出售金融资产等取得的投资收益 79,026,886.95 46,238,060.13
委托贷款取得的投资收益 54,723.83 -
合计 111,256,027.25 103,442,153.00
第 67 页
上海锦江国际旅游股份有限公司
财务报表附注
2016 年 12 月 31 日止年度
(十五) 公司财务报表主要项目注释 - 续
9、投资收益 - 续
(2) 按成本法核算的长期股权投资收益
人民币元
被投资单位 2016 年度 2015 年度
上海国旅广告有限公司 429,660.39 325,000.69
上海国之旅物业管理有限公司 9,094.13 89,557.81
上海锦江旅游控股有限公司 - 12,428,909.71
上海国旅国际旅行社有限公司 - 4,466,992.52
上海华亭海外旅游有限公司 - 378,736.38
合计 438,754.52 17,689,197.11
(3) 按权益法核算的长期股权投资收益详情请参见附注(六)33(2)。本公司的投资收益汇回不存在重大限
制。
(4) 持有可供出售金融资产期间取得的投资收益详情参见附注(六)33(3)。
(5) 处置可供出售金融资产等取得的投资收益详情参见附注(六)33(4)。
10、营业外收入
(1) 营业外收入明细如下：
人民币元
计入本年非经常性
项目 2016 年度 2015 年度
损益的金额
政府补助 1,056,956.00 1,028,700.00 1,056,956.00
固定资产处置利得 159,422.00 125.00 159,422.00
其他 735,757.53 4,902.00 735,757.53
合计 1,952,135.53 1,033,727.00 1,952,135.53
(2) 计入当期的损益政府补助明细
人民币元
与资产相关/
补助项目 2016 年度 2015 年度
与收益相关
财政扶持资金 990,000.00 1,000,000.00 与收益相关
其他 66,956.00 28,700.00 与收益相关
合计 1,056,956.00 1,028,700.00
第 68 页
上海锦江国际旅游股份有限公司
财务报表附注
2016 年 12 月 31 日止年度
(十五) 公司财务报表主要项目注释 - 续
11、现金流量表项目注释
(1) 收到的其他与经营活动有关的现金
人民币元
项目 2016 年度 2015 年度
利息收入 1,956,203.79 1,630,396.62
收到的政府补贴 1,056,956.00 1,028,700.00
其他 9,535,757.53 4,902.00
合计 12,548,917.32 2,663,998.62
(2) 支付的其他与经营活动有关的现金
人民币元
项目 2016 年度 2015 年度
支付子公司款项 59,000,000.00 19,170,000.00
存入的质押定期存款 14,100,000.00 -
营业费用及管理费用中的支付额 7,899,069.91 6,986,981.59
支付的银行手续费 992,740.36 1,253,820.53
其他 229,900.29 935,139.73
合计 82,221,710.56 28,345,941.85
第 69 页
上海锦江国际旅游股份有限公司
财务报表附注
2016 年 12 月 31 日止年度
(十五) 公司财务报表主要项目注释 - 续
12、现金流量表补充资料
(1) 现金流量表补充资料
人民币元
补充资料 2016 年度 2015 年度
1．将净利润调节为经营活动现金流量：
净利润 83,594,330.18 87,875,379.50
加：资产减值准备 - 252,739.81
固定资产及投资性房地产折旧 8,601,475.36 8,910,295.48
无形资产摊销 558,874.95 532,749.96
长期待摊费用摊销 685,382.62 803,809.82
处置固定资产、无形资产和其他长期资产的损益 (126,325.36) 1,441.10
投资损失(收益) (111,256,027.25) (103,442,153.00)
财务费用 (6,605,390.41) (10,011,431.51)
递延所得税资产减少(增加) - 1,433,272.50
存货的减少(增加) 11,072.42 5,952.45
受限制货币资金的减少(增加) (14,100,000.00) -
经营性应收项目的减少(增加) 426,762.54 (19,772.83)
经营性应付项目的增加(减少) (65,008,098.57) (17,905,416.38)
经营活动产生的现金流量净额 (103,217,943.52) (31,563,133.10)
2．不涉及现金收支的重大投资和筹资活动：
3．现金及现金等价物净变动情况：
现金及现金等价物的年末余额 126,052,975.47 202,954,037.14
减：现金及现金等价物的年初余额 202,954,037.14 100,781,581.65
现金及现金等价物净增加(减少)额 (76,901,061.67) 102,172,455.49
(2) 现金和现金等价物的构成
人民币元
项目 2016 年 12 月 31 日 2015 年 12 月 31 日
一、现金 126,052,975.47 202,954,037.14
其中：库存现金 10,681.43 21,140.13
可随时用于支付的银行存款 126,042,294.04 202,932,789.28
可随时用于支付的其他货币资金 - 107.73
二、年末现金及现金等价物余额 126,052,975.47 202,954,037.14
第 70 页
上海锦江国际旅游股份有限公司
财务报表附注
2016 年 12 月 31 日止年度
(十五) 公司财务报表主要项目注释 - 续
13、关联交易情况
(1) 接受和提供劳务
接受劳务情况如下：
人民币元
关联方 2016 年度 2015 年度
关联交易内容
金额 金额
本公司的子公司 接受旅游相关服务 370,331,749.41 456,006,677.50
锦江国际及其下属企业 接受旅游相关服务 5,901,063.68 1,822,879.68
锦江酒店集团及其下属企业 接受旅游相关服务 28,500.00 85,500.00
本公司的联营企业 接受旅游相关服务 34,075.00 55,410.00
小计 376,295,388.09 457,970,467.18
本公司的联营企业 接受物业管理服务 646,031.00 620,713.03
小计 646,031.00 620,713.03
合计 376,941,419.09 458,591,180.21
提供劳务情况如下：
人民币元
关联方 2016 年度 2015 年度
关联交易内容
金额 金额
锦江国际及其下属企业 提供旅游相关服务 771,532.92 914,252.33
本公司的子公司 提供旅游相关服务 16,000,473.57 884,363.51
本公司的联营企业 提供旅游相关服务 48,241.17 60,083.78
锦江酒店集团及其下属企业 提供旅游相关服务 37,162.17 51,806.31
合计 16,857,409.83 1,910,505.93
第 71 页
上海锦江国际旅游股份有限公司
财务报表附注
2016 年 12 月 31 日止年度
(十五) 公司财务报表主要项目注释 - 续
13、关联交易情况 - 续
(2) 关联租赁情况
本集团作为出租方：
人民币元
承租方名称 租赁资产种类 本年度确认的租赁收入 上年度确认的租赁收入
锦江国际及其下属企业 办公场所 1,066,260.00 1,068,660.00
本公司的子公司 办公场所 87,363.41 333,380.88
合计 1,153,623.41 1,402,040.88
本集团作为承租方：
人民币元
出租方名称 租赁资产情况 本年度确认的租赁费 上年度确认的租赁费
锦江国际及其下属企业 办公场所 704,323.88 582,751.56
锦江酒店集团及其下属企业 办公场所 139,950.11 139,996.08
合计 844,273.99 722,747.64
(3) 资金拆借
2016 年度关联方资金拆借变动如下：
人民币元
2015 年 2016 年
关联方 本年贷出 本年收回 起始日 到期日
12 月 31 日 12 月 31 日
拆出
绿色假期 1,400,000.00 2,100,000.00 1,400,000.00 2,100,000.00 2016 年 3 月 28 日 2017 年 3 月 27 日
北京锦旅 1,500,000.00 - - 1,500,000.00 2016 年 4 月 1 日 2017 年 3 月 31 日
合计 2,900,000.00 2,100,000.00 1,400,000.00 3,600,000.00
本公司与关联方之间资金拆借产生的利息收入列示如下：
人民币元
项目 2016 年度 2015 年度
委托贷款利息收入 54,723.83 -
注：系本公司对绿色假期的委托贷款利息收入。
第 72 页
上海锦江国际旅游股份有限公司
财务报表附注
2016 年 12 月 31 日止年度
(十五) 公司财务报表主要项目注释 - 续
13、关联交易情况 - 续
(4) 应收应付款项
(a) 应收关联方款项
人民币元
2016 年 12 月 31 日 2015 年 12 月 31 日
项目名称 关联方
账面余额 坏账准备 账面余额 坏账准备
应收账款 本公司的子公司 703,319.34 - 64,900.00 -
应收账款 锦江国际及其下属企业 5,524.96 - 18,382.96 -
应收账款 本公司的联营企业 66,605.70 - 16,650.00 -
应收账款 锦江酒店集团及其下属企业 4,700.00 - 9,350.00 -
小计 780,150.00 - 109,282.96 -
其他应收款 本公司的子公司 2,584,002.19 - 3,817,820.19 -
其他应收款 本公司的联营企业 126,388.28 - 121,624.40 -
其他应收款 锦江酒店集团及其下属企业 42,000.00 - 42,000.00 -
其他应收款 锦江国际及其下属企业 50,000.00 - 3,000.00 -
小计 2,802,390.47 - 3,984,444.59 -
其他流动资产 本公司的子公司 2,100,000.00 - - -
小计 2,100,000.00 - - -
(b) 应付关联方款项
人民币元
项目名称 关联方 2016 年 12 月 31 日 2015 年 12 月 31 日
应付账款 本公司的子公司 3,418,205.66 6,486,286.35
应付账款 锦江国际及其下属企业 1,182,043.42 306,825.89
应付账款 本公司的联营企业 25,200.00 8,100.00
小计 4,625,449.08 6,801,212.24
其他应付款 本公司的子公司 17,840,926.71 75,953,676.71
其他应付款 锦江国际及其下属企业 207,960.00 207,960.00
小计 18,048,886.71 76,161,636.71
预收款项 本公司的子公司 1,290,152.75 109,795.00
小计 1,290,152.75 109,795.00
(十六) 财务报表之批准
本公司的公司及合并财务报表于 2017 年 3 月 28 日已经本公司董事会批准。
第 73 页
上海锦江国际旅游股份有限公司
2016 年 12 月 31 日止年度
补充资料
1、非经常性损益明细表
本非经常性损益明细表是本公司按照中国证券监督管理委员会颁布的《公开发行证券的公司信息披露解释性公
告第 1 号—非经常性损益(2008)》的有关规定而编制的。
人民币元
项目 2016 年度 2015 年度
非流动资产处置损益 222,393.39 (19,981.90)
计入当期损益的政府补助(与企业业务密切相关，按照国家统一标准定
6,902,884.60 4,640,299.80
额或定量享受的政府补助除外)
除同公司正常经营业务相关的有效套期保值业务外，持有交易性金融资
产、交易性金融负债产生的公允价值变动损益，以及处置交易性金融资 79,026,886.95 46,329,510.93
产、交易性金融负债和可供出售金融资产取得的投资收益
单独进行减值测试的应收款项减值准备转回 1,513,121.69 639,757.03
除上述各项之外的其他营业外收入和支出 435,598.99 15,239.36
所得税影响额 (22,024,730.74) (12,901,170.59)
少数股东损益影响额(税后) (11,757.86) (9,543.67)
合计 66,064,397.02 38,694,110.96
2、净资产收益率及每股收益
本净资产收益率和每股收益计算表是上海锦江国际旅游股份有限公司按照中国证券监督管理委员会颁布的《公
开发行证券公司信息披露编报规则第 09 号—净资产资产收益率和每股收益的计算及披露》(2010 年修订)的有关
规定而编制的。
人民币元
每股收益
本年利润 加权平均净资产收益率(%)
基本每股收益 稀释每股收益
归属于公司普通股股东的净利润 5.14 0.4612 不适用
扣除非经常性损益后归属于公司普
(0.41) (0.0372) 不适用
通股股东的净利润
2016 Annual Report
Shanghai Jinjiang International Travel Co., Ltd.
2016 Annual Report
Important Reminders
I. The Board of Directors, the Supervisory Committee, directors, supervisors and senior management staff of
Shanghai Jinjiang International Travel Co., Ltd. (hereinafter referred to as “the Company”) warrant that the
information carried in this report is factual, accurate and complete, without any false record, misleading
statement or material omission. And they shall be jointly and severally liable for that.
II. All directors of the Company are present at the board meeting.
III. Deloitte Touche Tohmatsu Certified Public Accountants LLP has issued an audit report with standard
unqualified opinion for the Company.
IV. Shao Xiaoming, Company Principal, Bao Lei, Chief Executive Officer, Zhuang Qi, the person-in-charge of the
accounting work, and Chen Xuanzhao, the person-in-charge of the accounting organ (chief of accounting),
hereby declare that they guarantee the factuality, accuracy and completeness of the financial statements in this
report.
V. The Company’s preplan for profit allocation or turning capital reserve into share capital for the reporting period
upon review and approval of the Board of Directors:
Upon audit by Deloitte Touche Tohmatsu Certified Public Accountants LLP, the net profit of the Company without
subsidiaries for 2016 records RMB 83,594,330.18; the remaining net profit plus the retained profit of RMB
167,586,653.04 from last year, equals the profit distributable to shareholders of RMB 251,180,983.22 for 2016. The
2016 Annual Profit Allocation Pre-plan is as follows: Based on the total 132,556,270 shares of the Company as at 31
Dec. 2016, a cash dividend of RMB 2.32(inclusive of tax) will be distributed for every 10 shares held by shareholders,
with the total distributed cash dividends amounting to RMB 30,753,054.64.The retained profit of RMB 220,427,928.58
will be carried forward into the next year.
The pre-plan for profit allocation shall be submitted to the Company’s Shareholders’ General Meeting for review.
VI. Statement regarding risks concerning forward-looking statements
√Applicable □Inapplicable
Any forward-looking statement such as those involving any future plan and development strategy in this report shall
not be considered as virtual promises of the Company to investors. And investors are kindly reminded to pay attention
to possible investment risks.
VII. Did the controlling shareholder or its related parties occupy the Company’s capital for non-operating purposes?
No
1
2016 Annual Report
VIII. Did the Company provide guarantees for external parties in violation of the prescribed decision-making
procedure?
No
IX. Reminder of Significant Risks
√Applicable □Inapplicable
The Company has described in detail the risks the Group might be facing in "Report of the Board of Directors".
Investors are kindly reminded to pay attention to the relevant information.
X. Other
√Applicable □Inapplicable
The annual report is printed in Chinese and English, if there is any discrepancy between the Chinese and the English
versions, the Chinese version shall prevail.
2
2016 Annual Report
Contents
Section I. Explanation ............................................................................................................................................ 4
Section II. Company Profile& Financial Indicator Highlights......................................................... 5
Section III. Company Business Overview .............................................................................. 9
Section IV. Operation Discussion & Analysis ............................................................................................. 11
Section V. Significant Events ............................................................................................................................ 25
Section VI. Changes in Ordinary Shares and Particulars about Shareholders ..................... 33
Section VII. Particulars about Preference Shares ................................................................................. 38
Section VIII. Directors, Supervisors, Senior Management Staff & Employees ..................... 39
Section IX. Corporate Governance ............................................................................................................... 47
Section X. Information about Company Bond........................................................................................ 51
Section XI. Financial Report .................................................................................................. 51
Section XII. Catalogue of Document for Check ..................................................................................... 51
3
2016 Annual Report
Section I. Explanation
I. Explanation
The items in the left column refer to the explanations in the right column unless as otherwise specified.
Explanation of commonly used words
CSRC Refers to China Securities Regulatory Commission
SSE Refers to Shanghai Stock Exchange
The Group, Jinjiang International, Jinjiang
International Group Refers to Jinjiang International (Group) Co., Ltd.
Jinjiang Hotels Refers to Shanghai Jinjiang International Hotels (Group) Co., Ltd.
Jinjiang Finance Refers to Jinjiang International Group Finance Co., Ltd.
Company, the Company, Jinjiang
Travel Refers to Shanghai Jinjiang International Travel Co., Ltd.
SCITS Refers to Shanghai China International Travel Service Co., Ltd.
Shanghai Jinjiang Tourism Holding Co., Ltd.
Jinlv Holdings ( formerly Jinjiang Tourism) Refers to
(Formerly named as Shanghai Jinjiang Tourism Co., Ltd.)
Shanghai Travel Agency Refers to Shanghai Travel Agency Co.,Ltd.
Huating Overseas Refers to Shanghai Huating Overseas Tourism Co., Ltd.
Jinjiang Convention Company Refers to Shanghai Jinjiang International Convention Co., Ltd.
Jinjiang Business and Travel Refers to Shanghai Jinjiang Business and Travel Automobile Service Co., Ltd.
Pujiang River Tourism Refers to Shanhai Pujiang River Tourism Co., Ltd.
WeHotel Refers to Shanghai WeHotel Network Technology Co., Ltd.
SPD Bank Refers to Shanghai Pudong Development Bank
Bank of Communications Refers to Bank of Communications Co., Ltd.
Yuyuan Tourist Mart Refers to Shanghai Yuyuan Tourist Mart Co., Ltd.
Shenwan Hongyuan Refers to Shenwan Hongyuan Group Co.,Ltd.
Guotai Junan Securities Refers to Guotai Junan Securities Co.,Ltd.
Provide domestic tourism service to Chinese Residents, including travel, hotel,
Domestic Tourism Refers to
catering, sight-seeing tourism, leisure tourism, tour guide service etc.
Provide tourism service within China to foreign tourists, including travel, hotel,
Inbound Tourism Refers to
catering, sight-seeing tourism, leisure tourism, tour guide service etc.
Provide outbound tourism service to Chinese residents, including travel, hotel,
Outbound Tourism Refers to
catering, sight-seeing tourism, leisure tourism, tour guide service etc.
Provide meeting, incentive, convention, exhibition and other related services to
Meeting and Incentive Tourism Refers to companies, government agencies and other organizations, including consulting,
planning, arranging, and execution etc.
Articles of Association of Shanghai Jinjiang International Travel Co., Ltd.
Articles of Association Refers to
Company Law Refers to PRC Company Law
Securities Law Refers to PRC Securities Law
The reporting period, current year Refers to The year of 2016
RMB RMB0’000 Refers to Renminbi Renminbi 0’000
Note: WeHotel refers to Shanghai WeHotel Network Technology Co., Ltd. and its global hotel sharing platform based on
the business model of “Mobile Internet + Smart hotel +Shared services + Consumer finance”.
4
2016 Annual Report
Section II. Company Profile& Financial Indicator Highlights
I. Information about the Company
Chinese name of the Company 上海锦江国际旅游股份有限公司
Abbreviation of the Chinese name of the Company 锦江旅游
English name of the Company Shanghai Jinjiang International Travel Co., Ltd.
Abbr. of the English name of the Company JJIT
Legal representative of the Company Shao Xiao Ming
II. Contact us
Company Secretary Securities Affairs Representative
Name Zhang Jue Xiang Sheng
Contact 27/F, Lianyi Plaza, 100East Yan’an Road, Shanghai, 27/F, Lianyi Plaza, 100East Yan’an Road, Shanghai,
address
Tel. 021-63264000 021- 63264000
Fax 021-63296636 021-63296636
E-mail zhangjue@jjtravel.com xiangsheng@jjtravel.com
III. Basic information
Registered address 27/F, Lianyi Plaza, 100 East Yan’an Road, Shanghai, P.R.China
Postal code for the registered address 200002
Office address 27/F, Lianyi Plaza, 100 East Yan’an Road, Shanghai, P.R.China
Postal code for the office address 200002
Internet website of the Company www.jjtravel.com
Email address scits@scits.com
IV. Information disclosure and where this report is placed
Newspapers designated by the Company for information
Shanghai Securities News, Ta Kung Pao (HK)
disclosure
Internet website designated by CSRC for disclosing
www.sse.com.cn
this report
Where this report is placed The Company, Shanghai Stock Exchange
V. Basic information about the stock of the Company
Basic information about the stock of the Company
Stock variety Stock exchange Stock abbreviation Stock code Stock abbreviation before change
Shanghai Stock
B-share JLBG 900929
Exchange
VI.Other relevant information
Name Deloitte Touche Tohmatsu Certified Public Accountants LLP
CPAs firm engaged by
Office address 30/F, Bund Center, 222 East Yan’an Road, Shanghai, P.R.China
the Company (domestic)
Signing accountants Ni Min, Hua Sheng
5
2016 Annual Report
VII. Accounting and financial indicator highlights of the Company for the recent three years
(I) Accounting highlights
Unit: RMB
Year-on-year
Accounting highlights 2016 2015 difference (%) 2014
Operating income 1,907,531,142.26 2,280,187,322.60 -16.34 2,164,218,159.62
Net profit attributable to
shareholders of the 61,137,877.20 60,752,458.26 0.63 58,598,182.93
Company attributable to
shareholders of the Company,
-4,926,519.82 22,058,347.30 45,175,823.99
net of non-recurring profit or Inapplicable
loss
Net cash flows from
operating activities -64,802,366.73 -30,553,566.86 Inapplicable -27,681,451.79
Increase or decrease
of this year-end than
As at 31/12/2016 As at 31/12/2015 As at 31/12/2014
last year-end
(%)
Net assets attributable to
shareholders of the 1,167,858,604.59 1,269,072,888.25 -7.98 1,190,719,003.09
Total assets 1,657,818,410.73 1,795,795,701.68 -7.68 1,727,647,008.32
Total share capital 132,556,270.00 132,556,270.00 0.00 132,556,270.00
(II) Financial indicator highlights
Financial indicator highlights 2016 2015 Year-on-year 2014
difference (%)
Basic EPS (RMB /share) 0.4612 0.4583 0.63 0.4421
Diluted EPS (RMB /share) Inapplicable Inapplicable Inapplicable Inapplicable
Basic EPS net of non-recurring
-0.0372 0.1664 Inapplicable 0.3408
profit or loss (RMB /share)
Up 0.23 percentage
Weighted average ROE (%) 5.14 4.91 points 6.34
Weighted average ROE net of Down 2.19
non-recurring profit or loss -0.41 1.78 percentage points 4.89
(%)
Description of accounting and financial indicator highlights of the Company at the end of the reporting period for the
recent three years
□Applicable √Inapplicable
VIII. Accounting data variance based on domestic and international accounting standards
(I) Differences of net profit and net profit attributable to shareholders of the Company in the financial report
disclosed under IAS and CAS
□Applicable √ Inapplicable
6
2016 Annual Report
(II) Differences of net profit and net profit attributable to shareholders of the Company in the financial report disclosed
under FAS and CAS
□Applicable √ Inapplicable
(III) Description of difference between FAS and CAS
□Applicable √Inapplicable
IX. Financial data highlights by quarters in 2016
Unit: RMB
The first quarter The second quarter The third quarter The fourth quarter
(Jan.-Mar.) (Apr.-Jun.) (Jul.-Sep.) (Oct.-Dec.)
Operating revenues 374,042,811.14 425,102,411.56 487,097,883.12 621,288,036.44
Net profit attributable to
shareholders of the 14,105,384.69 35,901,302.81 2,166,881.11 8,964,308.59
Company attributable to
shareholders of the Company -2,348,953.97 20,606,901.17 -8,064,958.51 -15,119,508.51
after extraordinary gains and
lossescash flows from
Net
operating activities -26,565,343.24 40,234,338.10 -32,745,622.68 -45,725,738.91
Description of difference between quarter data and disclosed regular reporting data
□Applicable √ Inapplicable
X. Items and amounts of non-recurring profit or loss
√ Applicable □Inapplicable
Unit: RMB
It 2016 Notes (if applicable) 2015 2014
e
Profit/loss on the disposal of non-current
m 222,393.39
assets s -19,981.90 -943,666.89
Government grants recognized in the current
year, except for those acquired in the ordinary
course of business or granted at certain quotas 6,902,884.60 4,640,299.80 7,414,471.71
or amounts according to the country’s unified
standards
7
2016 Annual Report
X. Items and amounts of non-recurring profit or loss - Continued
Unit: RMB
Items 2016 Notes (if applicable) 2015 2014
Profit or loss on changes in fair value of
held-for-trading financial assets and
liabilities, as well as investment income
from disposal of tradable financial assets Investment income from
and held-for-trading financial assets and 79,026,886.95 the sale of Yuyuan 46,329,510.93 11,013,298.80
liabilities and available-for-sale financial Tourist Mart securities
assets, except for effective hedging
business related to normal businesses of
the Company
Impairment provision reversal of accounts
receivable on which the impairment test is 1,513,121.69 639,757.03 194,057.27
carried out separately
Profit or loss from external entrustment
29,083.36
loans
Non-operating income and expense other 435,598.99 15,239.36 160,790.31
than the aforementioned items
Income tax effects -22,024,730.74 -12,901,170.59 -4,430,296.78
Minority interests effects (after tax ) -11,757.86 -9,543.67 -15,378.84
Total 66,064,397.02 38,694,110.96 13,422,358.94
XI. Items measured at fair value
√Applicable □Inapplicable
Unit: RMB
Change in the reporting
Item Opening balance Closing balance Impact on current profit
period
Available-for-sale 923,440,848.47 730,483,302.60 -192,957,545.87 103,386,683.50
financial assets
Total 923,440,848.47 730,483,302.60 -192,957,545.87 103,386,683.50
XII. Others
□Applicable √Inapplicable
8
2016 Annual Report
Section III. Company Business Overview
I. Description of the company's major business, business model and industry overview during the reporting period
Company’s Principal business and business model
The Company and its major subsidiary companies are mainly engaged in travel agency business which contains organizing
inbound tourism for overseas travelers, inbound and outbound tourism for Chinese citizen and providing consumers of
sightseeing tour, leisure vacations, conference, exhibition and travel consultation etc. As at 31 December 2016, the Company
has 60 stores, selling travel products including “Interest”, “Joy”, “Lucky Bird”, “Jincui”, “Jincai”, “Jinyue”, “Jin Show”,
“Luxury Weekends”, “Call Friends”, “Honorable Traveling”, “Landscape on Foot”, “G-Assembly”, “Baby-boss” and others
promoted by its subsidiary company – SCITS, Jinlv Holdings, Shanghai Travel Agency and Huating Overseas. In 2016, travel
and related business of the Company accounted for 98.27% of the Company's total operating income, decreased by 0.23%
compared with that of last year, and no significant changes incurred for the year.
Industry information
The Company operates in tourism industry, and is categorized into “Social Service Tourism” according to Listed Corporation
Industry Classification Guidelines by CSRC (China Securities Regulatory Commission). As a sunrise industry, tourism has
witnessed people changing their consumption concept with the rapidly development of economy and raising living standards.
In recent years, tourism have kept steady and rapid growth, which drives the national economy effectively. Tourism is
becoming a major industry of national economic development and plays a strategic relevant leading role in the whole national
economy and social development.
As shown in 2016-2017 Chinese Tourism Consumption Market Development Report, the mass tourism has been regarded as
a national strategy due to accelerated incorporation of tourism consumption into daily life consumption. The domestic average
consumption for each person has been increased to RMB 880 per annum. Tourism service product, as becoming a main object
of people’s daily procurement, has become a new selection of "double eleven" promotional war focused on purchase of
electrical appliances, clothing, and daily necessities, with family travel accounting for 60% and travel organized by friends
accounting for 20% approximately. Free and independent travel has become an important travel way and self-driving and rural
tourisms are increasingly popular, which contributes tourism demonstration construction develop all over China smoothly. At
present, proportion of free and independent travelers has been 93%、82%、61% over domestic, inbound and outbound
markets. Domestic self-driving tourism and rural tourism are becoming normal travel ways.
II. Description of significant changes in the main assets of the company during the reporting period
√Applicable □Inapplicable
Refer to “Section IV. Management Discussion & Analysis - (VI) Significant assets and equity transfer”.
9
2016 Annual Report
III. Core competitive advantages analysis during the reporting period
√Applicable □Inapplicable
1. Brand competitiveness: The Company holds “Jinjiang Travel” and some other brands including SCITS, Jinjiang Tourism,
Huating Overseas, Shanghai Travel Agency and other subsidiaries of the Company (all wholly-owned subsidiaries and
holdings of the Company). They all have stable clients as they are large travel service enterprises with a long history and
competitive advantage in the market.
2. Size competitiveness: The Company and its holding subsidiaries have always ranked at the top of the list among the
National Ranking of Top 100 Strongest Travel Agencies as well as all business indicators of the travel agencies in
Shanghai. With strong credit, they take up a large share in the market.
3. Resources advantages: The Company has sound management rules and standardized operation. The company keeps
exploring new business lines, improving operation methods and service quality. 60 stores located in various regions of
Shanghai provides ample clients and customers. The company also has professional talents and suppliers at home and
abroad.
4. Group competitiveness: Due to the strong and influential Jinjiang International Group, the Company is in an advantageous
position amid the competition in the industry.
In 2016, Shanghai Jinjiang Tourism Co., Ltd., a subsidiary of the Company, was awarded “2015 Best Travel Agencies in
Shanghai” from Oriental Morning Post, “2015 Best Travel Agencies in Southeast China” from Travel Agency magazine,
“Five-star Integrity Enterprise” from Shanghai “Enterprise Integrity Construction” activity organizing committee and
Shanghai Tourism Association, “2015 National Civilized Tourism Advance Entity” from National Tourism
Administration and “Most Popular Travel Agency” from 13th Shanghai World Travel Fair; while SCITS and Huating
Overseas were awarded “Five-star Integrity Enterprise” from Shanghai “Enterprise Integrity Construction” activity
organizing committee and Shanghai Tourism Association.
10
2016 Annual Report
Section IV. Operation Discussion & Analysis
I. Operation Discussion & Analysis
In 2016, despite impact from international political, economic, and healthy events, China's outbound tourism market still
showed a healthy development trend compared with the rapid growth in previous years. According to the "2017 National
Tourism Work Report" issued by China National Tourism Administration, it is expected that outbound tourism population
will reach 122 million in 2016, with an increase of 4.3% on year-on-year basis. The Company, as a traditional travel enterprise,
is challenged by the change of traveler’s trip mode and rapid growth of online tourism industry, resulting in increasingly
shrunken profit margins and market share. Travel agencies subordinated to the Company has accelerated their innovation and
exploration based on their own characteristics, enhancing advantage and avoiding disadvantages, with focuses on new product
development, high-quality brand training, and channel integration. During the reporting period, the Company realized the
outbound trips of 155,600 people, down 9.60% from the same period of last year.
As for the inbound tourism, as affected by international political, economic, and healthy events, the Company achieved the
traditional inbound organization of 58,800 people and traditional inbound reception of 29,000 people during the reporting
period, down 22.14% and 3.87% from the same period of last year respectively. The inbound tourism department of the
Company is now accelerating its transformation by overcoming the impact of exchange gains and losses, and actively
developing new customers in the outreach market, and stepping toward the comprehensive service award the comprehensive
meeting and incentive tourism service from the traditional inbound reception organization in single function.
As for domestic tourism, taking "walking for health, enjoying the beauty" as the theme, the Company tries to enhance the
market attractiveness of products from featured hotels and restaurants by increasing marketing effort on brands of “Call
Friends” and others, and planning and introducing series of short-distance products such as “Landscape on Foot” as a result
of flexible adjustment of business strategy. The new launched product of series of Spring Festival Dinner, as actively
catering to and guiding the needs of consumers, is increasingly more popular year after year. During the reporting period,
the Company realized the domestic trips of 171,600 people, up 12.04% from the same period of last year.
During the reporting period, as Shanghai Disneyland theme park opened officially, the Company, being the tourism
cooperation partner of Shanghai Disneyland Holiday Resort, arrange its subordinate travel agencies to actively carry out
various marketing activities online and promote the product of “" Direct Train of Jinjiang Travel Shanghai Disneyland
Holiday Resort " offline, as to achieve the goal of “the best travel expert in Shanghai”. As of the end of 2016, the Company
has sold most tickets of Shanghai Disneyland among traditional travel agencies in Shanghai.
SCITS, a subsidiary of the Company, has held the strategic cooperation agreement ceremony with Shanghai Proton and
Heavy Ion Center (SPHIC) to establish a cross-border cooperation business relationship, in an effort to develop the domestic
high-end medical tourism market and create personalized medical tourism products together. At present, SCITS has
organized groups to enhance efforts on research and development of high-end medical tourism market to provide one-on-
one customized private products by taking advantage of international medical and physical examination items from SPHIC.
Services of SCITS has expanded from traditional reception to travel routine plan, designated nurse accompanying, health
advice, and among others, as to strive to provide high-quality and all-round professional services for travelers.
11
2016 Annual Report
I. Operation Discussion & Analysis - continued
In 2016 Shanghai World Tourism Expo, travel agencies subordinated to the Company achieved three coordinated marketing,
namely, onsite and offsite, online and offline, and before the exhibition and after the exhibition, and further improved the
marketing attractiveness by one-stop Jinjiang services as “Participating Jinjiang Tourism Group, living in Jinjiang Hotel,
and taking Jinjiang buses”, with amount of orders up 221% compared with that in last expo. In 2016 China International
Tourism Fair, staffs of travel agencies subordinated to the Company served customers enthusiastically and actively
displayed and promoted strength and brand image of Jinjiang Travel; meanwhile, the Company, as entrusted by China
National Tourism Administration, sent tour guides in a total of seven languages to receive VIP groups composed of oversea
government representatives and purchaser groups composed of oversea tourism industry counterparts. Reception ability of
the Company has been unanimously praised by China National Tourism Administration, Shanghai Tourism Bureau and
overseas guests and purchasers.
In November 2016, In the Ninth Global Health Promotion Conference, professional teams sent from travel agencies
subordinated to the Company has excellently complete all reception work with no mistakes. Their professional and efficient
performance has been highly praised and affirmed by WHO, State Health Commission and Shanghai Municipal
Government Leadership as “extremely professionalism, especially dedication and powerful execution”. On 6 December
2016, as entrusted by Shanghai Municipal Education Commission, the Company successfully undertook the related business
services of the "Fourth Plenary Session of the Sino-British High-level Humanities Exchange Mechanism".
During the reporting period, the Company has reformed the travel agency businesses as to in cope with fierce industry
competition, enhance overall quality and efficiency, and improve innovation, vitality and ability of the Company. Four
original subsidiaries, namely, Jinjiang Tourism, SCITS, Shanghai Travel Agency, and Huating Overseas, will operate in
the brand of “Jinjiang Travel” for external businesses uniformly at the retaining of each original brand name for these travel
agencies except Shanghai Tourism changes as Jinlv Holdings. Through unified brand management, integration of internal
resources, strength of business linkage and realization of online and offline interaction, Jinlv Holdings realized advantage
complementary and coordinated development among brands and between hotels and tourisms. The Company, as guided by
Jinlv Holding in unified operation, same brand, uniform administration and model innovation, has connected industry,
capital, fund and assets in a market-oriented approach to comprehensively optimize the management structure, asset
structure, profit model and incentive mechanism as well as continuously strengthen cooperative and competitive force . As
a result, the Company's brand image and market influence has been enhanced all round, and the travel agency businesses
have been enlarged and strengthened.
12
2016 Annual Report
II. Major operation information during reporting period
In 2016, the Company achieved consolidated operating income of RMB 1,907.5311 million, down 16.34% from last year.
After deducting the effect of levying VAT in place of business tax; the Company achieved operating income of RMB
65.8785 million, up 4.15% from last year; total profit of RMB 73.4394 million, up 8.17% from last year; and net profit
attributable to shareholders of the Company of RMB 61.1379 million, up 0.63% from last year.
(I) Principal business analysis
Analysis on movements of items in the income statement and the cash flow statement
Unit: RMB
Items 2016 2015 Year-on-year difference +/-%
Operating income 1,907,531,142.26 2,280,187,322.60 -16.34
Operating costs 1,768,005,141.78 2,101,900,232.28 -15.89
Selling expenses 124,015,398.85 133,066,834.13 -6.80
Administration expenses 59,365,288.89 63,702,512.77 -6.81
Financial expenses -4,327,455.23 -8,762,800.69 N/A
Net cash flows from operating -64,802,366.73 -30,553,566.86 N/A
activities flows from investing activities
Net cash 26,932,683.66 144,269,103.51 -81.33
Net cash flows from financing -30,487,942.10 -29,427,491.94 N/A
activities
1. Revenues and cost analysis
√Applicable □Inapplicable
Unit: RMB
Item 2016 Operating Income 2015 Operating Income +/-%
Outbound tours 1,022,041,044.77 1,356,893,779.69 -24.68
Inbound tours 104,557,984.35 123,147,597.73 -15.10
Domestic tours 222,362,856.85 199,332,028.97 11.55
Ticketing 348,746,521.28 372,422,489.82 -6.36
Conferences, contests and other tours 176,903,877.49 194,135,659.47 -8.88
Subtotal of tours and relevant business 1,874,612,284.74 2,245,931,555.68 -16.53
lines business
Other 7,664,993.01 9,396,159.30 -18.42
Subtotal of principal operating income 1,882,277,277.75 2,255,327,714.98 -16.54
Real estate income 25,253,864.51 24,859,607.62 1.59
Total operating income 1,907,531,142.26 2,280,187,322.60 -16.34
13
2016 Annual Report
(1) Principal business lines classified by industry, product and region
Unit: RMB
Principal business lines classified by industry
Increase/decrease of Increase/decrease of Increase/decrease of gross
Gross profit rate
Industry Operating income Operating costs operating income operating costs over profit rate over last year
(%)
over last year (%) last year (%) (%)
Tourism and Down by 0.64
1,874,612,284.74 1,752,574,747.78 6.51 -16.53 -15.96
relevant business percentage points
Up by 2.82 percentage
Other business 7,664,993.01 5,586,357.28 27.12 -18.42 -21.46
points
Down by 0.63 percentage
Total 1,882,277,277.75 1,758,161,105.06 6.59 -16.54 -15.97 points
Principal business lines classified by region
Increase/decrease of Increase/decrease of gross
Increase/decrease of
Region Operating income Operating costs Gross profit rate profit rate over last year
Operating income operating costs over
(%) (%)
over last year (%) last year (%)
Down by 0.82 percentage
China Mainland
1,774,583,252.90 1,666,514,578.63 6.09 -16.93 -16.20 points
Up by 2.05 percentage
Other regions
107,694,024.85 91,646,526.43 14.90 -9.51 -11.65 points
Down by 0.63 percentage
Total 1,882,277,277.75 1,758,161,105.06 6.59 -16.54 -15.97 points
Principal business lines classified by industry, product and region
√Applicable □Inapplicable
Principal business lines classified by industry
In 2016, the company's tourism and related operating income decreased by 16.53% from last year, accounting for 98.27%
in the company's total operating income, down 0.23% from last year with no major changes.
In 2016, the company's other business operating income decreased by 18.42% from last year, accounting for 0.40% in the
company's operating income, down 0.01% from last year with no major changes.
In 2016, the company’s tourism and related business gross margin decreased by 0.64% from last year, mainly because of the
following reasons: in the respect of safety, the decrease can be attributed to occurrence of refugees flood and terrorist attack
in major targeted European countries, earthquake in Japan and RMB devaluation; while in respect of market, as challenged
by online tourism, the team tourism is no longer the mainstream of the market. Moreover, though it is more obvious for the
growing trend of retail customers and free-and-independent travel, the speed of product transitions is slow. In addition, the
decrease is also affected by other reasons such as the turnover of Disneyland business less than expected, accumulated risk
in cruise market business, and decreased cruise business by the company, etc.
14
2016 Annual Report
Principal business lines classified by region
In 2016, the company’s operating income from China mainland decreased by 16.93% from last year, taking the proportion of 94.28% in the company's operating income, down
0.44% from last year with no major changes.
In 2016, the company’s operating income from other areas outside the mainland China decreased by 9.51% from last year, taking the proportion of 5.72% in the company's
operating income, up 0.44% from last year with no major changes.
(2) Cost analysis table
Unit: RMB
Industry-classified
Cost Year-on-year
Industry 2016 In total costs (%) 2015 In total costs (%) Explanation
item difference
tourism and (%)
Advances for tourists 1,752,574,747.78 99.13 2,085,304,202.36 99.21 -15.96
relevant
Other business Freight transport business cost 5,586,357.28 0.31 7,112,774.36 0.34 -21.46
Total 1,758,161,105.06 99.44 2,092,416,976.72 99.55 -15.97
Product-classified
Cost Year-on-year
Product 2016 In total costs (%) 2015 In total costs (%)
item difference
Outbound tours Advances for tourists 956,611,019.61 54.11 1,258,913,620.34 59.89 (%) -24.01
Inbound tours Advances for tourists 89,131,473.58 5.04 107,799,570.01 5.13 -17.32
Domestic tours Advances for tourists 212,109,835.11 12.00 188,176,837.11 8.95 12.72
Ticketing Advances for tourists 343,800,538.43 19.45 365,648,441.36 17.40 -5.98
Meeting and incentive Advances for tourists for meeting
tourism and others and incentive tourism and others 150,921,881.05 8.54 164,765,733.54 7.84 -8.40
Subtotal of tourism and relevant business lines 1,752,574,747.78 99.13 2,085,304,202.36 99.21 -15.96
Other business 5,586,357.28 0.31 7,112,774.36 0.34 -21.46
Subtotal of main operating costs 1,758,161,105.06 99.44 2,092,416,976.72 99.55 -15.97
Real estate business 9,844,036.72 0.56 9,483,255.56 0.45 3.80
Total operating costs 1,768,005,141.78 100.00 2,101,900,232.28 100.00 -15.89 7.57
15
2016 Annual Report
Other explanation of Cost analysis
√Applicable □Inapplicable
As mentioned above, the company mainly engages in business travel and then the business cost is mainly advances for tourists.
In 2016, the Company’s tourism and related business accounted for 99.13% in all year operating costs, down 0.08% from last
year with no major changes.
In 2016 the Company achieved consolidated operating cost of RMB 1,768.0051million, down 15.89% from last year. Among
them, tourism and related business cost accounts for 1,752.5747 million, down 15.96% from last year, mainly because the
operating cost is recognized as the cost net of tax due to separation of price and tax subsequent to levying VAT in place of
business tax and outbound tourism decreases on a year-on-year basis.
(3). Details of significant customers and suppliers
□Applicable √Inapplicable
2. Expenses
□Applicable √Inapplicable
3. Cash flows
√Applicable □Inapplicable
(1) Net cash flows from operating activities
Net cash flows from operating activities recorded as RMB -64.8024 million for the reporting year, representing a decrement
of net amount of RMB 34.2488 million from RMB -30.5536 million of last year, resulted mainly from the decrease of
operating income and increment of accounts receivable for the reporting year.
(2) Net cash flows from investing activities
Net cash flows from investing activities recorded as RMB 26.9327 million for the reporting year, representing a decrement
of net amount of RMB 117.3364 million from RMB 144.2691 million of last year. This was mainly due to a decrease of
investment cash received this year than last year and an increase of investment cash paid this year than last year.
(3) Net cash flows from financing activities
Net cash flows from financing activities recorded RMB 30.4879 million for the reporting year, representing an increase of
cash outflows of RMB 1.0604 million from RMB 29.4275 million of last year. This was mainly because cash dividends
increased from last year.
(II) Significant changes of profit caused by other operating business
√ Applicable □Inapplicable
In 2016, the income before tax of available-for-sale financial assets held and disposed by the Company takes up 140.78%
in Company’s total consolidated profit, up 22.72% from last year. Among them, cash dividend distributed by SPD Bank,
Bank of communications, Yuyuan Tourist Mart achieved 24.3598 million, down 9.5538 million from last year; and pre-
tax investment income of disposing SPD Bank stock achieved 79.0269 million, up 32.7888 million from last year.
16
2016 Annual Report
(III) Asset and liability analysis
√Applicable □Inapplicable
1. Asset and liability analysis
Unit: RMB
In total assets as As at 31 In total assets as
As at 31 Dec, Year-on-year
Item at 31 Dec, 2015 Dec, at 31 Dec,2015 Reasons for the change
2016 difference (%)
(%) 2015 (%)
Decrease from the opening
Other current assets 0.00 0.00 1,668,629.53 0.09 Inapplicable balance, mainly due to the
repayment of prepaid income tax.
Increase from the opening
Construction in balance, mainly because of the
664,910.37 0.04 477,250.00 0.03 39.32
progress increased expenses of software
development projects.
Decrease from the opening
Intangible assets 658,375.09 0.04 1,175,750.04 0.07 -44.00 balance, mainly due to
amortization via periods
Increase from the opening
balance, mainly due to the
Deferred tax 9,999,729.76 0.60 5,581,737.13 0.31 79.15 deferred tax assets from
assets deductible losses of significant
subsidiaries.
Increase from the opening
balance, mainly due to the
Employee benefits 26,660,416.08 1.61 18,645,327.65 1.04 42.99 provision of year-end bonus and
payable labor costs of travel business
integration
Increase from the opening
Taxes payable 12,047,677.13 0.73 9,025,336.33 0.50 33.49 balance, mainly due to the
increment of Taxes payable.
17
2016 Annual Report
Other Statements
Year-on-year
Income statement item In 2016 In 2015 difference (%) Explain the reasons for the change
The year-on-year decrease was mainly due to
Taxes and levies -48.79 separation of price and tax resulted from levying
6,869,959.21 13,415,810.10
VAT in place of business tax.
The year-on-year decrease of income was mainly
Financial expenses N/A
-4,327,455.23 -8,762,800.69 due to decrement of interest income and increment
of exchange losses
The year-on-year decrease was mainly due to the
Asset impairment loss -1,513,121.69 -638,404.30 N/A reception of account receivable that has been made
(reversal) bad debt provision.
The year-on-year increase was mainly due to the
increase of income from disposal of financial
Investment income 110,762,548.90 85,752,955.89 29.16
assets.
Including: investment The year-on-year increase was mainly due to the
income in associates 7,375,865.40 5,509,857.75 33.87 increase of investment income in Pujiang River
and joint ventures Tourism and Jinjiang Business and Travel
The year-on-year 同比增加，主要是对浦江游
decreased this year.increase was mainly due to
Non-operating income 8,032,736.01 4,658,350.60 72.44 览、锦江商旅投资收益增加所致
increment of government grants.
The year-on-year increase was mainly due to the
Non-operating 471,859.03 22,793.34 1,970.16 penalty paid by travel agencies subordinated to
expenses
the Company.
The year-on-year increase was mainly due to
Income tax expenses 12,402,387.23 7,719,829.67 60.66 the increment of income from the disposal of
available-for-sale financial assets.
The year-on-year decrease in losses was
Minority interests income -100,908.10 -580,636.47 N/A mainly due to the decrease of operating losses
of subsidiaries controlled by the Company
The year-on-year decrease was mainly due to the
Other comprehensive -131,864,218.76 47,028,918.84 N/A decrement of fair value of available-for-sale
gain/loss financial assets.
2. Restriction of main assets as of the end of the reporting period.
□Applicable √Inapplicable
3. Others
√Applicable □Inapplicable
18
2016 Annual Report
(IV) Industry operation information analysis
□Applicable √Inapplicable
(V) Investment analysis
1. General analysis on external equity investments
√Applicable □Inapplicable
See “investments in associated enterprises” in the notes to financial statements and “analysis on main subsidiaries and
investees” in the “Report of the Board of Directors”.
(1) Significant equity investment
□Applicable √Inapplicable
(2) Significant non-equity investment
□Applicable √Inapplicable
(3) Financial assets measured on fair value basis
Applicable □Inapplicable
Unit: RMB
Proportion of Proportion of
ownership ownership Change of owner’s
Initial Ending book Gain/loss for the
Stock code Stock abbr. interest at the interest at the equity in the Accounting title Source of stock
investment cost value reporting period
beginning of the end of the year reporting period
year (%) (%)
The originally held
Available for sale corporation shares,
600000 SPDB 69,351,621.94 <1 <1 403,401,654.75 92,784,866.30 -71,204,319.72
financial assets acquisitions from the
secondary market
The originally held
Available for sale
601328 BOC 46,637,860.00 <1 <1 176,836,075.00 8,274,825.00 -15,400,368.75 corporation shares,
financial assets
additional placements
Available for sale The originally held
600655 YTM 4,073,000.47 <1 <1 136,524,158.60 2,032,321.10 -42,499,420.65
financial assets corporation shares
Available for sale The originally held
000166 SWHY 2,000,000.00 <1 <1 13,663,906.25 242,913.90 -2,760,109.64
financial assets corporation shares
Total 122,062,482.41 / / 730,425,794.60 103,334,926.30 -131,864,218.76 / /
(VI) Major assets and equity interest offering
√Applicable □Inapplicable
The sale of shares of other listed companies
Amount of Amount of the
Shares at the Amount of the
shares acquired shares sold in the Shares at the Investment
Stock code Name of shares beginning of the used assets
in the reporting reporting period period-end (share) income (RMB)
period- (share) (RMB)
period (share) (share)
600000 SPD Bank 28,214,523 - - 6,000,000 24,885,975 79,026,886.95
Note： On 16 June 2016, according to the announcement to implement 2015 profit distribution and transfer of capital
reserve to share capital released by SPD Bank: cash bonus (inclusive of tax) was distributed based on RMB
0.515 as per each ordinary share and capital reserve was transferred based on 0.1 share as per each ordinary
share. Equity interests are registered on 22 June 2016. As of 22 June, 2016, the Company held 26,714,523
shares of SPD Bank, with 2,671,452 shares newly held.
19
2016 Annual Report
(VII) Analysis about main subsidiaries and shareholding companies
√Applicable □Inapplicable
(1)Analysis about main subsidiaries
Unit: RMB
Main products or Registered
Industry Total assets Net assets Net profits
Name of the subsidiaries services capital
SCITS Service industry Travel business 20,000,000.00 118,022,103.62 43,063,900.31 96,092.62
Jinlv Holdings Service industry Travel business 24,990,000.00 140,984,587.00 22,035,067.44 -18,705,289.67
Shanghai Travel Agency Co., Ltd, Service industry Travel business 2,000,000.00 4,515,347.36 -1,661,518.44 -1,034,919.83
Shanghai Huating Overseas
Service industry Travel business 10,830,738.58 18,337,736.25 7,671,705.31 -4,243,688.90
Tourist Co., Ltd.
Shanghai Guozhilv Property Property management
Service industry 1,000,000.00 9,625,191.24 1,241,860.75 4,411.62
Management Co. , Ltd. and upholstering
Shanghai Guozhilv International
Service industry Freight forwarding 5,000,000.00 4,279,364.73 3,724,904.62 -935,548.42
Cargo Services Co., Ltd.
Shanghai Guozhilv Tour Guide Related business of tour-
Service industry 100,000.00 1,057,866.62 465,943.82 20,378.58
Service Co., Ltd. guide
Shanghai SCITS Advertising Co., Tourism advertising
Service industry 600,000.00 1,987,554.85 1,408,447.93 71,318.01
Ltd. business
Shanghai Jinjiang Departure and Related business of
Service industry 1,000,000.00 5,837,777.24 1,302,194.22 74,508.67
Entry Service Co., Ltd. departure and entry
Beijing Jinjiang International
Service industry Travel business 4,000,000.00 18,734,338.82 -272,146.94 26,512.64
Travel Co., Ltd.
Zhejiang Jinjiang International
Service industry Travel business 5,000,000.00 779,000.76 -145,501.43 29,808.72
Tours Co., Ltd.
Jinjiang International Green
Service industry Travel business 6,000,000.00 881,519.44 -2,869,880.48 -940,546.29
Holiday Travel Co., Ltd.
20
2016 Annual Report
(2) Analysis about main shareholding companies
Unit: RMB
Change rate of Change rate of Change rate
Name of the Operating Explanation of
Operating revenue operation revenue operating Net profits of net profits
subsidiaries income changing reason
(%) income (%) (%)
Shanghai Jinjiang Mainly due to the
Business and Travel increase of
312,444,376.98 2.52 32,806,940.24 13.36 28,833,425.09 10.12
Automobile Service Company's
Co., Ltd. operating income
(VIII) Structured entity controlled by company
□Applicable √Inapplicable
III. Discussion and analysis of the company about future development of the Group
(I) Competition and development trends in the industry
√Applicable □Inapplicable
According to the 13th Five-Year Tourism Development Plan issued by the State Council in December 2016, the main objectives
of the tourism development in the next five years are to realize a steady growth of tourism economy, represented by 10%
average annual growth rate in the number of urban and rural residents under travelling, more than 11% average annual growth
rate in total tourism income increase and over 14% average annual growth rate in direct investment in tourism. Up to 2020,
the scale of the tourism market will have reached 6.7 billion people, with total tourism investment of RMB 2 trillion and total
tourism income of RMB 7 trillion yuan. In addition, the objectives also regard to significantly improve the comprehensive
benefits, represented by 12% comprehensive contribution proportion of the tourism industry to the national economy, more
than 85% comprehensive contribution proportion of the tourism industry to catering, accommodation, civil aviation and
railway passenger transport industry and more than 100 million people newly engaged in tourism industry on average annually.
China, as its tourism industry is under rapid development accompanied by comprehensive prosperity of domestic tourism,
inbound tourism, and outbound tourism, has become the world's largest outbound tourist country and the world's fourth largest
inbound tourism reception country with largest outbound tourism population and tourism consumption. Therefore, tourism
has become a hot investment focus and a comprehensive industry. In 2015, the annual tourism income reached RMB 4.13
trillion, an increase of 11% on a year-on-year basis, with direct contribution and comprehensive contribution to GDC by the
national tourism industry amounting to RMB 3.32 trillion and RMB 7.34 trillion respectively, accounting for 4.9% and 10.8%
of the total GDP. The direct employment population is 27.98 million and direct and indirect employment population is 79.11
million in tourism industry, accounting for 10.2% of the total employment population.
According to the report released by China Tourism Research Institute on 24 February 2017, in 2017, domestic tourism still
maintained high speed growth as it is estimated that the domestic tourism population will reach 4.88 billion in 2017, a crease
of 10.0% on a year-on-year basis. China's tourism, as developed into an advanced stage of popular tourism, has returned to
daily leisure, so differentiated recreation has gradually become an approach of relax, which is represented by the requirement
of leisure travel by increasing number of common people, resulting huge demand to domestic tourism. In addition, inbound
tourism continues to pick up. It is estimated that inbound tourism passengers will reach 143 million and international tourism
revenue will be USD 12.6 billion in 2017. Due to continuous improvement of domestic tourism market environment, the
inbound tourism market will continue to maintain steady recovery and enter into a comprehensive development channel.
Moreover, outbound tourism is back to the normal level. It is estimated that outbound tourism passengers will reach 127
million in 2017. As affected by accelerated replacement of domestic leisure tourism, RMB devaluation, and comprehensive
development of cross-border electric business and among other factors together, the outbound tourism market has developed
into a relatively stable stage.
21
2016 Annual Report
(II) Development strategies of the Company
√Applicable □Inapplicable
Tourism macroeconomic is in good condition, the tourism market and product structure will continue to develop in
the direction of new formats; leisure and independent travel will continue its rapid growth, the traditional travel with
the group continued going down. Then enter of development of the tourism industry capital market and the venture
capital, brought changes in acquisitions and asset allocation, travel online platform accelerated the pace of business
development, tourism enterprises’ globalization layout accelerated the pace. Chinese tourism industry, being thriving
in development, has become a significant growth point under the new economic normality and maintained high-speed
development in the future five years.
Through integration of relevant businesses led by the travel agency business, the Company is stepping into a travel service
provider focused on Shanghai market, keeping the leadership in domestic market and expanding businesses in international
market. According to the “Thirteenth Five-year" strategic development plan made by the Company, the Company's
development goal is to become the leading comprehensive tourist service listed company which aimed at travel agency
business and rooted in Shanghai. The company will optimize the business model, expend travel agency business through
the offline business integration, online business strategic building and other measures; at the same time, the Company will
innovate the business system, build diversified development pattern that gives priority to the travel agency business along
with the linkage of related business, accelerate the strategic layout and efficiently integrate internal and external resources.
(III) Operation plan
√Applicable □Inapplicable
In 2017, the estimated operating income of the Company is RMB 0.2096 million. The Company will, in accordance with
the market requirement, continued to pay attention to the principal businesses of travel agencies and strive to support its
subordinate travel agencies to create new business mode, reform product forms and services approaches and speed up the
pace of joint construction online and offline, as to implement risk control measures, establish good corporate atmosphere
and promote excellent operation.
Firstly, the Company will spare no efforts to promote Jinjiang Tourism Holdings to create new business model as a way
to promote excellent operation and enhance competitiveness.
The Company will fully support the Jinlv Holdings to conduct 11 important project in 6 categories, especially supporting
centralized administration, online and offline channel exploration, product R&D, brand and quality management, tour
guide team building and incentive mechanism innovation, etc. While Jinlv Holdings, under the full support of the
Company, will play active role in customer introduction and resource stimulation by making use of the industrial chain
advantages of Jinjiang International Group, in an effort to accelerate the innovation of the tourism business model and
profit earning model, the integration of capital, fund and asset, and the cooperation of hotel online and offline services.
The Company will be a supportive cornerstone for the development of tourism industry by actively taking advantage of
online platforms.
Secondly, the Company will speed up the development of tourism products, and actively explore marketing channels.
22
2016 Annual Report
(III) Operation plan - Continued
The Company and its subordinated travel agencies will make great efforts on tourism business model innovation focused
on products, channels, and brands. In the first place, we will, based on the analysis of market demand, strengthen product
research and development and encourage product innovation and commercialization; in the second place, we will explore
marketing channels and promote business collaboration to realize a closer cooperation with the Group’s hotels in members,
card marks, network and other aspects; in the third place, we will enhance brand influence and implement quality
management measures to ensure no material service quality accidents throughout the year. Meanwhile, we will actively
carry out centralized procurement as to master more high quality resources.
Thirdly, the Company will speed up the construction pace of online and offline interaction.
The Company will create a marketing network integrated with "mobile terminals, online direct marketing platform, offline
physical stores, industry peer channel (B2B)" to vigorously improve the marketing capabilities in tourism channel. The
Company will strengthen cooperation with WeHotel to link mutual platforms actively, as to form online marketing
advantages and achieve online and offline linkage development. The Company will complete adjustment of outlets and
property layout based on the posited functions, and realize centralized administration of key operating agents of travel
agencies through the renovation of some properties, for the purpose to improve management efficiency. The Company
will design and build flagship stores under the brand of Jinjiang Tourism to speed up and improve the layout of outlets in
the Shanghai area.
Fourthly, the Company will implement risk control measures to create better atmosphere for a solid guarantee to the
reform and development
The Company will constantly improve the division of events and powers and the arrangement of regulations and systems
under the principle of simplification and efficiency by enhancing the consciousness of "administering the enterprise by
law” pursuant to the spirt of “Ruling the Country by Law”, as to optimize relevant control process to help enterprises to
discover blind spots in administration. The Company should deal with the relationship among reform, development and
stability to build a good atmosphere for difficult reform provided it can keep in the scope of incorruptness, safety and
steady.
Fifthly, the Company will promote excellent operation and service frontline production to further stimulate organization
vitality and staff enthusiasm.
The Company will, focused on the "seven elements" of excellent performance management system, support Jinlv
Holdings to implement various measure to construct the excellent performance management system by hierarches, in plan
and on steps, as to create a thinking-oriented corporate culture of learning innovation and pursuing excellence by
combining awareness and requirements of high performance management into the key work of the enterprise, and using
various approaches to enable more young and middle-aged employees to grow into business backbones.
23
2016 Annual Report
(IV) Possible risks
√Applicable □Inapplicable
Firstly, industry risks. Travel agency is rather sensitive of each significant event such as social politics, economics, culture,
safety protection and natural disasters. The occurrence of the paroxysmal domestic and foreign significant events will
directly influence the tourist destinations as well as the tourist generating regions, which lead to the volatility of the
business development of the travel agency.
Secondly, operation risks. Larger accounts receivable from business operations of travel agencies, market fluctuation and
the decrease of the debtor’s payment ability will all directly affect the recovery of the accounts receivable. As the labor-
intensive enterprises and gradually increase of the labor cost expenses, the travel agency must maintain a certain
development speed. The unfair competitions, low price and low level competition phenomenon are still exist among the
current market with the emerge of the online travel agency that lead to the further decline of the overall profit margins of
the industry.
Thirdly, risks of change in the core management staff. The operation of the Company is more emphasis on the operation
department and business staffs. The changes of these departments and staffs will directly affect the operation scale and
performance of the Company.
Lastly, the risk of exchange rate fluctuations. The company's business involves a large number of foreign exchange
transactions and settlement, the RMB exchange rate and the corresponding changes in foreign exchange will affect the
company's costs and benefits.
As for the above risks, the Company strictly executes all rules and regulations through methods such as strengthening
the system construction, perfecting the internal control system, intensifying the incentive and restriction mechanism as
well as discriminating the control points of the significant risks thus to constantly improve the risk prevention, control
and coping capacity.
(V) Others
□Applicable √Inapplicable
IV. Particulars and explanation of company’s non-disclosures due to inapplicable to standards or other
special reasons
□Applicable √ Inapplicable
24
2016 Annual Report
Section V. Significant Events
I. Preplan for profit allocation of ordinary shares or turning capital reserve into share capital
(I) Formulation, implementation and adjustment of the cash dividend policy
√Applicable □Inapplicable
During the reporting period, the Board of Directors and the General Meeting reviewed and approved the Plan for 2015
Annual Profit Allocation, in which the cash dividend standard, proportion, decision-making process, etc. were all in
compliance with the relevant laws and regulations and the Company’s Articles of Association. Translated according to
the central parity rate (USD 1 to RMB 6.5490) declared by the People’s Bank of China on the following working day (27
May 2016) of the resolution day of the Company’s 2016 Annual General Meeting, a cash dividend of USD 0.035120 (tax
included) was distributed for every B-share.
On 23 June 2016, the Company disclosed the Announcement on the Implement of 2015 Annual Profit Allocation on
Shanghai Securities News and Ta Kung Pao (HK). The last trading day of B shares: 28 June 2016; ex-dividend date: 29
June 2016; date of record of B shares: 1 July 2016; payment date of the cash dividends for B-share holders: 8 July 2016.
The Company entrusted the Shanghai branch of Securities Depository and Clearing Co., Ltd. to deliver the dividends for
B-share holders. And the cash dividends for the controlling shareholder were directly granted by the Company
(II) Plan or preplan about profit distribution in the latest three years (including the reporting period), plan or preplan
about the transfer of capital reserve to common shares
Unit: RMB
Proportion in Net profit
Net profit attributed to
Amount of Amount of attributed to
Amount of distributed Amount of cash shareholders of listed
distributed bonus transferred shareholders of listed
dividends per10 shares dividends company in
Year company in
shares per10 share (Yuan)(tax included) shares per10 consolidated annual
(tax included)
(share) share (share) consolidated statement
statement on dividends
(%)
2016 2.32 30,753,054.64 61,137,877.20 50.30
2015 2.30 30,487,942.10 60,752,458.26 50.18
2014 2.22 29,427,491.94 58,598,182.93 50.22
25
2016 Annual Report
(III) Particulars of repurchase of shares in cash offer recognized in cash dividends
□Applicable √Inapplicable
(IV) For profits during the reporting period and with positive distributable profits for ordinary shareholders in parent
company, but did not propose a common stock cash profit distribution preplan, the company shall disclose the
reasons in detail and the use plan of unappropriated profits.
□Applicable √ Inapplicable
II. Fulfillment of commitments
(I) Commitments in or sustain to the reporting period in shareholders, actual controllers, directors, supervisors, senior
management or other related parties
√Applicable □Inapplicable
Next plan if the
Reasons that
Commitment Committed Is there a Whether to perform commitment
didn't perform
background Type Party Content Term Performance period timely and strictly isn’t performed
timely
timely
After the completion
of the acquisition, the On January 28,
company ensure to 2011, Jinjiang
take effective International and
measures to avoid Jinjiang Hotel have
possible substantial made the
competition or commitment in
activities between its Acquisition report
subordinate signed at Jinjiang
Commitments enterprises and the hotel for the
solve Jinjiang
made in listed company. If the acquisition of
competition Internation
acquisition report products or services Jinjiang No Yes
between al, Jinjiang
or the report of operated in the future International state-
peers Hotels
equity changes could possibly form owned
the competition with shareholdings
listed companies or 66,556,270
its affiliated (50.21% in
companies, the listed total shares) by
company has the right Jinjiang Hotels, the
to acquire the commitment will be
relevant competitive effective in the long
business and assets at term
a reasonable price.
26
2016 Annual Report
After the completion of
the acquisition, the
company will minimize
the related transaction On 28 January 2011,
with listed companies; Jinjiang International and
while carrying the Jinjiang Hotel have made
necessary and the commitment in
Commitments
unavoidable related Acquisition report signed
made in
Solve Jinjiang party transactions, the at Jinjiang hotel for the
acquisition
Related International, company will perform acquisition of Jinjiang
report or the No Yes
party Jinjiang transaction decision- International state-owned
report of
transaction Hotels making procedures and shareholdings 66,556,270
equity
information disclosure (50.21% in
changes
according to the relevant total shares) by Jinjiang
laws, regulatory Hotels, the commitment
documents and Articles will be effective in the
of Association, and long term
promise to operate fairly
based on market
principles and fair price.
On 28 January 2011,
Jinjiang International and
To ensure the
Jinjiang Hotel have made
independence of
the commitment in
Commitments
personals from the listed
Acquisition report signed
made in
companies, the
at Jinjiang hotel for the
acquisition
independence of the
acquisition of Jinjiang
report or the Others Jinjiang Hotel No Yes
assets, independence of
International state-owned
report of
finance, independence
shareholdings 66,556,270
equity
of the organization and
(50.21% in
changes
independence of the
total shares) by Jinjiang
business Hotels, the commitment
will be effective in the
long term
27
2016 Annual Report
(II) For assets or projects which the Company estimates their profits and still within the estimate period
as of the reporting period, the Company shall state whether the estimated profits are achieved and
explain relevant reasons.
□Achieved □Not achieved √Inapplicable
III. Capital occupation and debt-clearing progress in the reporting period
□Applicable √ Inapplicable
IV. Explanations of the Company for modified audit report issued by accounting firm
□Applicable √ Inapplicable
V Analysis and explanation of the Company for reasons and effects of accounting policy and estimation change and
significant accounting mistakes correction
□Applicable √ Inapplicable
(I) Analysis and explanation of the Company for reasons and effects of accounting policy and estimation change
□Applicable √ Inapplicable
(II) Analysis and explanation of the Company for reasons and effect of significant accounting mistakes correction
□Applicable √ Inapplicable
(III) Communication with the previous accounting firms
□Applicable √ Inapplicable
(IV) Others
□Applicable √ Inapplicable
28
2016 Annual Report
VI. Particulars about employing or dismissing accounting firm
Unit: RMB
Firm now employed
Name of accounting firm from inside China Deloitte Touche Tohmatsu Certified Public Accountants LLP
Payment to accounting firm from inside China 930,000
Time limit of audit of accounting firm from inside China 23 years
Name Payment
Internal control audit accounting firm Deloitte Touche Tohmatsu Certified Public 350,000
Accountants LLP
Explanation of employment and dismissal of the accounting firm
□Applicable √ Inapplicable
Explanation for changing the accounting firm in the audit period
□Applicable √Inapplicable
VII. Significant lawsuits and arbitrations
□Applicable √ Inapplicable
□ Significant lawsuits and arbitrations for the year √ No significant lawsuits and arbitrations for the year
VIII. The penalty and rectification of listed Company and its directors, supervisors, senior management, controlling
shareholders, actual controllers and acquirer
□Applicable √ Inapplicable
29
2016 Annual Report
IX. The integrity explanation of the Company and its controlling shareholder, the actual controller in the reporting
period
□Applicable√ Inapplicable
In the reporting period the Company and its controlling shareholder, the actual controller have no unperformed
effective judgement of the courts or unsettled due debts with large amounts.
X. Situation and influence of the Company stock-based compensation plan, employee stock ownership plan or other
employee incentive methods
□
(I) Relevant incentive events have been disclosed in temporary announcements but made no progress or had no change
in subsequent implementation
□Applicable √Inapplicable
(II) Incentive events that haven’t been disclosed in temporary announcements or have subsequent progress
Equity interest incentive events
□Applicable √Inapplicable
Others
□Applicable √Inapplicable
Employee stock ownership plan
□Applicable √Inapplicable
Other employee incentive methods
□Applicable √Inapplicable
XI. Significant related transaction
□Applicable √ Inapplicable
(I) Related transactions concerning daily operation
1. Events which has been disclosed in temporary announcements but made no progress or had no change in
subsequent implementation √Applicable □Inapplicable
Summary and type of event Query index
On 25 March 2016, the 7th Session of the 12th Board of Directors Details refer to Proposal on Routine Related Transaction of the
Company in Shanghai Securities News and the official site of Shanghai
reviewed and approved the Proposal on Routine Related Transaction of Stock Exchange (www.sse.com.cn) on 39 March 2016.
the Company; on 26 May 2016, the 2015 Annual General Meeting of the
Company reviewed and approved the proposal. The total amount of the
2016 annual routine related transaction was estimated not more than
56.10 million. The total amount of the 2016 actual transaction was
RMB37, 765,231.83.
2. Events which has not been disclosed in temporary announcements but made progress or had change in subsequent
implementation
□Applicable √ Inapplicable
3. Events which has not been disclosed in temporary announcements
□Applicable √Inapplicable
30
2016 Annual Report
(II) Asset or equity acquisition, related transactions of occurred sales
1. Events which has been disclosed in temporary announcements and made no progress or had no change in
subsequent implementation
□Applicable √Inapplicable
2. Events which has been disclosed in temporary announcements but made progress or had change in subsequent
implementation
□Applicable √Inapplicable
3. Events which has not been disclosed in temporary announcements
□Applicable √ Inapplicable
4. Performance achievement events involving in performance convention in reporting period which should be
disclosed
□Applicable √Inapplicable
(III) Significant related transaction of external joint investments
1. Events which has been disclosed in temporary announcements and made no progress or had no change in
subsequent implementation
□Applicable √Inapplicable
2. Events which has been disclosed in temporary announcements but made progress or had change in subsequent
implementation
□Applicable √Inapplicable
3. Events which has not been disclosed in temporary announcements
□Applicable √ Inapplicable
(IV) Related creditor's rights and liabilities
1. Events which has been disclosed in temporary announcements and made no progress or had no change in
subsequent implementation
□Applicable √Inapplicable
2. Events which has been disclosed in temporary announcements but made progress or had change in subsequent
implementation
□Applicable √Inapplicable
3. Events which has not been disclosed in temporary announcements
□Applicable √ Inapplicable
(V) Others
□Applicable √Inapplicable
31
2016 Annual Report
XII. Significant contracts and execution
(I) Items related to entrustment, contract and lease
1、 Entrustment
□Applicable √Inapplicable
2、 Contract
□Applicable √Inapplicable
3、 Lease
□Applicable √Inapplicable
(II) Particulars about guarantees
□Applicable √ Inapplicable
(III) Entrustment of another person to manage the cash assets
1. Trusted management
□Applicable √ Inapplicable
2. Trusted loans
√ Applicable □Inapplicable
Unit: RMB 0’000
Collateral and If connected If in Investment
Borrower Amount Term Interest rate Utility If overdue If extension Relationship
guarantor transaction lawsuit profit or loss
Jinjiang International Subsidiary
Routine
Green Holiday Travel 210 12 months 4.035% None No No No No under -
operating funds
Co., Ltd. control
Explanation of entrusted loan
3. Other investing and financing and derivatives investment
□Applicable √ Inapplicable
(IV) Other significant contracts
□Applicable √ Inapplicable
XIII. Other significant events
□Applicable √Inapplicable
XIV. Information of actively fulfill the social responsibility
(I) Poverty alleviation by listed companies
□Applicable √ Inapplicable
(II) Social responsibility
□Applicable □Inapplicable
(III) Environmental protection of listed company and its subsidiary which belongs to the heavy pollution industries
specified by State Environmental Protection Department
32
2016 Annual Report
□Applicable √ Inapplicable
(IV) Others
□Applicable √ Inapplicable
33
2016 Annual Report
Section VI. Changes in Ordinary Shares and Particulars about Shareholders
I. Changes in ordinary share capital
(I) Changes in ordinary shares
1. Changes in ordinary shares
During the reporting period, there was no change of ordinary shares and share structure.
(II) Changes in shares subject to trading moratorium
□Applicable √ Inapplicable
II. Particulars about the issuance and listing of securities
□Applicable √Inapplicable
(I) the issuance of securities before the end of this reporting period
□Applicable √Inapplicable
(II) Particulars of changes in the Company’s total ordinary shares, shareholder structure and assets and liability
structure.
□Applicable √Inapplicable
(III) Existed shares held by internal employees
□Applicable √Inapplicable
III. About shareholders and actual controllers
(I) Number of shareholders and shareholding
Total number of shareholders at the reporting period 13,764
Total number of shareholders on the fifth trading day before the
13,723
disclosure date of the annual report
(II) Particulars about shares held by the top ten shareholders and top ten floating shareholders (or shareholders
holding shares not subject to trading moratorium) at the reporting period
Unit: Share
Particulars about shares held by the top ten shareholders
Increase/decrease Shareholding Number of Amount of pledged or
during the reporting percentage non-tradable frozen shares Nature of
Name of shareholder Total shares held shareholder
period (%) shares held Shares state amount
Shanghai Jinjiang International State-owned
Hotels (Group) Co., Ltd. 0 66,556,270 50.21 66,556,270 Naught corporation
SCBHK A/C BBH S/A 1,764,49 Foreign
VANGUARD EMERGING 1,764,490 1.33 0
0 Unknown corporation
MARKETS STOCK INDEX FUND
Domestic natural
Wang Xueling 0 1,042,014 0.79 0
Unknown person
34
2016 Annual Report
VANGUARD TOTAL Foreign
INTERNATIONAL STOCK INDEX 754,758 754,758 0.57 0
Unknown corporation
FUND
Domestic
Zhang Liang 0 natural
5,000 685,000 0.52
Unknown
person
Domestic natural
Gao Junquan -310,900 532,300 0.4 0
Unknown person
Foreign
GUOTAI JUNAN SECURITIES -448,529 518,640 0.39 0
(HONGKONG) LIMITED Unknown corporation
Domestic natural
Wang Wen 0 477,509 0.36 0
Unknown person
Domestic natural
Huang Chunhui -24,760 462,882 0.35 0
Unknown person
Foreign
JMJ INVESTING LIMITED 0 417,226 0.31 0
Unknown corporation
Particulars about shares held by the top ten shareholders holding shares not subject to trading moratorium
Type and amount of shares
Name of shareholder Number of tradable shares held type amount
Domestically listed
SCBHK A/C BBH S/A VANGUARD EMERGING MARKETS
1,764,490 1,764,490
STOCK INDEX FUND foreign shares
Domestically listed
Wang Xueling 1,042,014 1,042,014
foreign shares
VANGUARD TOTAL INTERNATIONAL STOCK INDEX 754,758 Domestically listed 754,758
FUND
foreign shares
Zhang Liang 685,000 Domestically listed 685,000
foreign shares
Gao Junquan 532,300 Domestically listed 532,300
foreign shares
GUOTAI JUNAN SECURITIES(HONGKONG) LIMITED 518,640 Domestically listed 518,640
foreign shares
Wang Wen 477,509 Domestically listed 477,509
foreign shares
Huang Chunhui 462,882 Domestically listed 462,882
foreign shares
JMJ INVESTING LIMITED 417,226 Domestically listed 417,226
foreign shares
ISHARES CORE MSCI EMERGING MARKETS ETF 416,300 Domestically listed 416,300
foreign shares
Explanation on associated relationship or/and persons acting in 1. It is unknown whether there was any associated relationship among the top ten tradable
concert among the above-mentioned shareholders shareholders or whether they are persons acting in concert; 2. It is unknown whether there was
any associated relationship among the top 10 shareholders of tradable share or whether they are
persons acting in concert; 3. It is unknown whether there was any associated relationship between
the top 10 shareholders of tradable share and the top 10 shareholders or whether they are persons
acting in concert.
35
2016 Annual Report
Shares holding amount by the top ten shareholders and the restricted condition
√Applicable □Inapplicable
Unit: Share
Particulars of non-tradable shares that
Number of
Name of shareholder holding shares can be traded on the market Non-tradable
Number non-tradeable shares
subject to trading moratorium Publicly traded Amount of new-added condition
held
time Publicly traded shares
1 Shanghai Jinjiang International Hotels 66,556,270 Unlisted
(Group) Co., Ltd. circulating
shares
Explanation on related party relationship or/and
consistent actions by the above-mentioned
shareholders
36
2016 Annual Report
(III) Strategic investors or general legal person who have been included in top 10 shareholders due to placement of
new shares.
□Applicable √Inapplicable
IV. Particulars about the controlling shareholder and actual controller
(I) Particulars about the controlling shareholder
1. Corporation
√Applicable □Inapplicable
Name of controlling shareholder Shanghai Jinjiang International Hotels (Group) Co., Ltd.
Company principal / legal
Yu Minliang
representative
Date of establishment 16 June 1995
Hotel management, hotel investment, investment management of enterprises, domestic trade, consulting
of the self-owned office building, apartment lease, parking, training and relevant projects; the followings
are limited to operate by embranchments: hotel management, catering, associated shops (retail of
Business scope
cigarettes and wines), western cake houses, coffee shops, bars, cigar bars, music cafes, hydrotherapy and
massage, cosmetology and hairdressing, recreation rooms, gyms, natatoriums, parking lots management,
property management (those involving administrative licensing should operate with license).
Equity situation of the holding and
As at 31 December 2016, the corporation holds 482,007,225 shares of stocks of the listed company
participation of other domestic and
Shanghai Jinjiang International Travel (Group) Co., Ltd. (stock code: 600754) and 212,586,460 shares of
overseas listed companies during the
stocks of the listed company Shanghai Jinjiang Investment (Group) Co., Ltd. (stock code: 600650).
reporting period
2. Block diagram of property and control relations between the Company and actual controllers
√Applicable □Inapplicable
Shanghai Jinjiang International Hotels
(Group) Co., Ltd.
50.21%
Shanghai Jinjiang International Travel
Co., Ltd.
37
2016 Annual Report
(II) Particulars about the actual controller
1. Corporation
√Applicable □Inapplicable
Name Shanghai State-owned Assets Supervision and Administration Commission
Shanghai State-owned Assets Supervision and Administration Commission is the ad hoc institution directly
under municipal government. Municipal government granted Shanghai State-owned Assets Supervision
Principal business scope and Administration Commission to carry out the investor responsibility on behalf of municipal government.
Shanghai State-owned Assets Supervision and Administration Commission are responsible for supervising
the municipal state-owned assets.
2. Block diagram of property and control relations between the Company and actual controllers
√Applicable □Inapplicable
Shanghai State-owned Assets Supervision and
Administration Commission
100%
Jinjiang International (Group) Co., Ltd.
75%
Shanghai Jinjiang International Hotels
(Group) Co., Ltd.
50.21%
Shanghai Jinjiang International Travel
Co., Ltd.
(III) Other particulars about the controlled shareholders and the actual controllers
√Applicable □Inapplicable
Jinjiang Hotels is the controlled shareholder of the Company and Jinjiang International is the controlled shareholder of
Jinjiang Hotels.
V. Other corporate shareholders with shareholding proportion over 10%
□Applicable √ Inapplicable
VI. Reduction of shareholding limited
□Applicable √ Inapplicable
38
2016 Annual Report
Section VII. Particulars about Preference Shares
□Applicable √ Inapplicable
39
2016 Annual Report
Section VIII. Directors, Supervisors, Senior Management Staff & Employees
I. Changes in shareholdings and particulars about remuneration
(1) Changes in shareholdings and particulars about remuneration of the current directors, supervisors and senior management staff, as well as those leaving
during the reporting period
□Applicable √ Inapplicable
Total remuneration
Shares held Shares held Amount of shares drawn from the Whether get
Reason for Company during the
Name Office title Sex Age Start date Ending date at the at the increased/decreased paid in the
change reporting period
year-begin year-end for the year company related
(RMB’ 0000) party
(before tax)
Shao Xiaoming Chairman of the Board Male 58 26 May 2016 25 May 2019 0 0 0 0 yes
Vice Chairman of the 46 26 May 2016 25 May 2019 51.49 No
Bao Lei Male 0 0 0
Board, CEO
Chen Lin Director Male 42 26 May 2016 25 May 2019 0 0 0 0 yes
Zhu Qian Director Male 43 26 May 2016 25 May 2019 0 0 0 0 yes
Kang Ming Director Male 45 26 May 2016 25 May 2019 0 0 0 0 yes
Zhuang Qi Director, CFO Female 52 26 May 2016 25 May 2019 0 0 0 35.92 No
Li Dapei Independent director Male 62 26 May 2016 25 May 2019 0 0 0 8.00 No
Gu Zhongxian Independent director Female 62 26 May 2016 25 May 2019 0 0 0 3.90 No
Zhang Fan Independent director Female 52 26 May 2016 25 May 2019 0 0 0 34.64 No
Ye Ming Chief supervisor Male 58 26 May 2016 25 May 2019 0 0 0 28.69 yes
Zhu Yongjian Supervisor Male 49 26 May 2016 25 May 2019 0 0 0 18.63 No
Jin Jing Supervisor Female 35 26 May 2016 25 May 2019 0 0 0 38.59 No
Wu Xiaoguo Vice president Male 58 26 May 2016 25 May 2019 0 0 0 26.16 No
Zhang Jue Company Secretary Female 33 26 May 2016 25 May 2019 0 0 0 3.43 No
Lou Jiajun Independent Male 59 26 May 2016 25 May 2019 0 0 0 0 No
director(resigned)
Total / / / / / / 243.50 /
40
2016 Annual Report
Note1: Ye Ming, the chairman of the Company’s supervision committee, was employed as the deputy secretary of CPC committee in the Industry Investment Department
of Jinjiang International Group on 19 August 2010 due to work change, hence his salary hasn’t been paid by the Company since 1 September 2016.
Name The main work experience of the last five years.
Shao Worked as the GM of Jin-Hai-Jet Air International Forwarding Co., Ltd., Vice President of Shanghai Jinjiang International Industrial Investment Co., Ltd.,
Xiaoming Chairman of the Board, CEO of the Company. Now he is the Chairman of the Board of Directors both in the Company and in Shanghai Jinjiang
International Industry Investment Co., Ltd
Bao Lei Worked as Assistant to GM, deputy GM of Jinjiang Tower Shanghai, SVP of Shanghai Thayer Jinjiang Interactive Corporation, Ltd. Now he is the Vice
Chairman of the Board and CEO in the Company, Shanghai Jinjiang International Trading Co., Ltd. and Shanghai Jinjiang International
Electronic .Commerce Co., Ltd.
Chen Lin Worked as PM, Investor of Shanghai Certified Public Accountants, Senior Manager of Audit Department of Deloitte Touche Tohmatsu Certified Public
Accountants, Deputy GM of Financial Department of Jinjiang International Group, Now he is Director of the Company, Deputy GM of Financing Plan
Department, Finance Service Department of Jinjiang International Group, CFO of Shanghai Jinjiang International Investment Management Co., Ltd.,
Manager of Financing Plan Department of Jinjiang International Group. Now he is the Director of the Company and CFO of Shanghai Jinjiang International
Industry Investment Co., Ltd.
Zhu Qian Worked as Manager Assistant of Resources Integration Dept. of Jinjiang (Group) Co., Ltd., Deputy Manager and Manager of Investment and Development
Dept. of Jinjiang International (Group) Co., Ltd. Now he is the Director of the Company, CIO and Secretary General of the Board of Directors of Shanghai
Jinjiang International Hotels Development Co., Ltd. and the Director of Shanghai Jinjiang International Industry Investment Co., Ltd
Kang Ming Worked as Secretary of Board of Directors of Shanghai Jinjiang International Hotels Development Co., Ltd. Now he is Director of the Company, Executive
director, Secretary of Board of Directors, The Joint Company Secretary and secretary-general of executive committee of the Board (Vice President) of
Shanghai Jinjiang International Hotels Group Co., Ltd. etc.
Zhuang Qi Worked as Manager of Financial Dept. of Jianguo Hotel Shanghai Co., Ltd. Deputy Director of Financing Plan Department of Shanghai Jinjiang International
Hotel Development Co., Ltd... Now she is the Director and CFO of the Company, and the Director of Shanghai China Travel International Co., Ltd.
41
2016 Annual Report
Li Dapei Worked as Assistant President of Investor Education Department of Shanghai Stock Exchange. Now he is the Independent Director of the Company, the
Independent Director of Shanghai Shimao Co., Ltd.
Gu Worked as Financial President, Supervisor and Audit Director of Shanghai Industrial and Pharmaceutical Investment Co., Ltd., and Independent Director of
Zhongxian Shanghai Haide Control System Co., Ltd. Shanghai Yongli Belt Industry Co., Ltd., Changshu Fengfan Wind Power Equipment Co., Ltd., and Shanghai
Lianming Machinery Co., Ltd. and Hightrend Technology (Shanghai) Co., Ltd. Now he is the Independent Director of the Company and Shanghai Runda
Medical Science and Technology Co., Ltd.
Zhang Fan Worked as a teacher in hotel management department of Shanghai Institute of Tourism. Now she is a Professor in the tourism department of Shanghai
Independent Director of Company, the director of Shanghai Yongli Daiye Co., Ltd., 曾任上海实业医药投资股份有限公司财务总监、监
Now he isoftheTourism (Shanghai NormaltheUniversity Tourism College).
Institute
Ye Ming 事、审计总监，上海海得控制系统股份有限公司独立董事，上海永利带业股份有限公司独立董事，常熟风范电力设备股份有限公司独立董事，上
Worked as a commissioner of the Commission for Discipline Inspection, Assistant to the Head of Inspection Office, Vice Director of Inspection Office of
海联明机械股份有限公司独立董事。现任公司独立董事、上海润达医疗科技股份有限公司独立董事等职。of the CPC Committee, Secretary of
Jinjiang International (Group) Co., Ltd. Now he is President of the Supervisory Committee, and Deputy Secretary
Committee for Discipline Inspection and Chairman of Labor Union of Jinjiang International (Group) Co., Ltd. and President of the Supervisory Committee of
Shanghai China Travel (group) Co., Ltd.
Zhu Yongjian Worked as Financial Executive of Real Estate Business Department and External CFO of Real Estate Business Department of Jinjiang International (Group)
Co., Ltd. Now he is the Supervisor and Deputy Director of the Audit Office of the Company.
Jin Jing Worked as English Tour Guide, Deputy Manager of Europe and America Reception Department and GM of inbound tourism center of Shanghai China Int'l
Travel Service Ltd. Now she is employee supervisor, Assistant to President of Shanghai Jinjiang Tourism Holding Co., Ltd. and Assistant to GM of Tour
Guide Center.
Wu Xiaoguo Worked as General Manager of Jinjiang Automobile Service Co., Ltd.-taxi branch. Now he is the Vice President of the Company.
Zhang Jue Worked as Securities affairs representative of Shanghai Jinjiang International Hotels Group Co., Ltd. Now she is the Secretary of the board of directors in the
company.
Others
□Applicable √Inapplicable
(II) The directors, supervisors and senior management of equity during the reporting period was granted incentive case
□Applicable √ Inapplicable
42
2016 Annual Report
II. Particulars about post-holding of current directors, supervisors and senior management staff and those who left the office during the reporting period
(I) Post-holding in shareholders’ units
√ Applicable □Inapplicable
Name of the person Ending date of
Beginning date
holding any post in any Name of the shareholder’s unit Position in the shareholder’s unit
of office term office term
shareholder’s unit
Executive Director, Secretary of the Board, the
Joint Company Secretary, Secretary General
Kang Ming Shanghai Jinjiang International Hotels (Group) Co., Ltd. November Till now
(Vice President) of the Board's Executive 2006
Committee
Description of duty in
shareholders company
43
2016 Annual Report
(II) Post-holding in other units
√ Applicable □Inapplicable
Name of the person
Beginning date of office Ending date of office
holding any post in Name of other unit Position in other unit
term term
other units
Shao Xiaoming Jinjiang International (Group) Co., Ltd. Vice President 8 May.2015 Till now
Shao Xiaoming Shanghai Jinjiang International Trading Co., Ltd. Deputy Chairman 31 December 2010 Till now
Shanghai Jinjiang International Electronic Commerce Co.,
Shao Xiaoming Deputy Chairman 31 July 2012 Till now
Ltd.
Shao Xiaoming JHJ International Transportation Co., Ltd. Director 27 September 2005 Till now
Shanghai Jinjiang International Trading Co., Ltd.
Bao Lei Deputy Chairman 31 December 2010 Till now
Shanghai Jinjiang International Electronic Commerce Co.,
Bao Lei Deputy Chairman 31 July 2012 Till now
Ltd.
Chen Lin Shanghai Jinjiang International Industrial Investment Co., Ltd CFO 25 August 2016 Till now
Shanghai Jinjiang International Hotels (Group) Co., Ltd..
Zhu Qian Vice president, Secretary General of 27 July 2016 Till now
the Board of Directors, CIO
Kang Ming Shanghai Jinjiang International Industrial Investment Co., Ltd. Director 26 September 2012 Till now
Zhuang Qi Shanghai China Travel International Co., Ltd. Director 7 December 2015 Till now
Ye Ming Shanghai China Travel (group) Co., Ltd. President of the Board of Supervisors 30 January 2015 Till now
Ye Ming Industry Investment Department of Jinjiang International Deputy secretary of the CPC 19 August 2016
(Group) Co., Ltd. committee, Secretary of Committee for
Discipline Inspection and Chairman of
Labor Union
In the description of
the representation of
shareholders
44
2016 Annual Report
III. Remuneration for directors, supervisors and senior management staffs
√Applicable □Inapplicable
Decision-making procedure of the
remuneration of directors, The remuneration of directors was proposed by the Board of Directors and decided by the Shareholders’ General Meeting, the Board of
supervisors and senior Directors and the Remuneration and Appraisal Committee of the Board
management staffs
The remuneration of senior management personnel (including the members of the board of directors) was reviewed and decided by the
Basis on the remuneration of
Remuneration and Appraisal Committee of the Board; The remuneration of independent director was in line with the Independent Director
directors, supervisors and senior
Allowance Standards reviewed and approved by the 2014 Annual General Meeting of Shareholders, The remuneration of supervisor was
management staffs
in line with relevant regulations of the Company staff post salary.
Particular about actual payment to The Company’s directors, supervisors and senior managers drawing remuneration was cashed strictly in line with the Company's related
directors, supervisors and senior compensation system, the disclosure of remuneration was consistent with the actual distribution, the total remuneration payable for the
management staffs directors, supervisors and senior management staffs drawing remuneration from the Company was 2.3755 million.
Total actual remuneration of the
directors, supervisors and senior The actual total remuneration payable for the directors, supervisors and senior management staffs drawing remuneration from the
management staffs at the Company was 2.5745 million.
period-end
IV. Particulars about changes in the directors, supervisors and senior management staffs of the Company
√Applicable □Inapplicable
Name Position Type of change Reason for change
Lou Jiajun Independent director Resign Office term change
45
2016 Annual Report
V. Particulars of penalty by securities regulator in the past three years
□Applicable √ Inapplicable
VI. Particulars about staffs of the Company and main subsidiaries
(I) About employees
Amount of the incumbent employees of the Company 123
Amount of the incumbent employees of the main subsidiaries 893
Total amount of the incumbent employees 1,016
The number of retired staff costs of the company and its subsidiaries should bear 587
Professional structure
Category Number
Production personnel 380
Sales personnel 468
Technical personnel 50
Financial personnel 61
Administrative personnel 57
Total 1,016
Education level
Category Number
Master degree or above 18
Bachelor degree 382
Junior college 415
High school, technical secondary school and below 201
Total
(II) Remuneration policy
√Applicable □Inapplicable
The Company sets up remuneration policy with a principle of distribution according to work, giving priority to efficiency, balance equity and sustainable development.
Integrate post salary and performance bonus compensation allocation system, remuneration changes decided by the position, and check at fixed period. Salary of the post is
determined in line with position grade, employees working ability and office term. Performance award links to the Company performance and individual contributions. The
sub-subsidiary of the Company establishes employee wages growth mechanism, carries out collective consultation on wages every year.
46
2016 Annual Report
(III) Training plan
√Applicable □Inapplicable
The Company combines the need of self-development, creates a "learning type enterprise", combines internal training and external training, sets up hierarchical management,
hierarchical training of education training system. Internal training includes all kinds of training in the enterprise internal organization, such as pre-job training for new
employees, Sales staff business training etc... External training includes attending all kinds of training organized by training institutions, industrial associations, regulators
and other organizations, such as tour guide personnel careful training, team leader staff maturity replacement training, financial personnel continuing education, etc.
(IV) Outsourced labor service
√Applicable □Inapplicable
Working hours of outsourced labor services 54174
Total remuneration paid for outsourced labor services(RMB) 1486046
VII. Others
□Applicable √Inapplicable
47
2016 Annual Report
Section IX. Corporate Governance
I. Particulars about the corporate governance and registration management for information insiders
√Applicable □Inapplicable
During the reporting period, the Company standardized operation continually according to the Company Law, Securities Law,
the Rule of the Governance of Listed Company and other relevant laws, regulations and the requirements of the standard. The
Company's operation and management was in accordance with the requirement of the governance of listed company regulatory
documents of China Securities Regulatory Commission.
1. About shareholders and shareholders’ general meetings
The Company was seriously paid attention letter and visit, call consultation from shareholders and the reception work.
Continued to strengthen investor relations management, further improved the communication platform with the shareholders
according to Investor Reception Management System, Electronic Communications System of Investor Relations Work
Management System and Investor Relations Work Rules. During the reporting period, the Company held a shareholders'
meeting, perform the corresponding convened, held and voting procedures, equally treat all shareholders, ensure each
shareholders attending the meeting and fully exercising their rights and voting rights strictly in line with the requirements of
Specifications of The Shareholders’ Meeting, Rule of Procedure of Shareholders Meeting and Articles of Association. The
General Meeting of Shareholders was witnessed by the lawyer who issued legal advice to its legitimacy.
2. About controlling shareholders and listed company
The Company and shareholders should strictly conduct Five Separate, to carry out business, assets, personnel, organization and
financial separately, independently account, independently undertake responsibility and risk. During the reporting period, there
was no controlling shareholder’s non-operating appropriation of Company funds in the Company.
3. About directors and the board of directors
The Company elected directors strictly in line with established procedure of Company Law and Articles of Association. The
number of the company's board of directors and staff composition was in line with the requirements of laws and regulations.
The Company’s directors according to the Rules of Procedure of The Board of Directors etc., earnestly attended the meeting of
the board, took the responsibility of good faith and diligence. There were three independent directors in current session of the
Board of Directors. The Chairman of each Special Committee was charged by independent director.
4. About the supervisors and the board of supervisors
The supervisor according to Rules of Procedure of The Board of Supervisors, regularly held meetings of the board of supervisors,
attended the board meetings with serious and responsible attitude; perform responsibility for the supervision and examination
of directors and senior management personnel and the Company's finance. Give independent opinions, now there is one
employee supervisor in the current session of the board of supervisors.
48
2016 Annual Report
5. About the information disclosure and transparency
The Company, according to the Information Disclosure Affairs Management System and other system, confirmed the
duty of disclosure procedures and related personnel, and further perfected the information disclosure management. The
Company disclosed the information strictly, truly, accurately, completely, timely and fairly in accordance with the
relevant regulations, as to implement information disclosure obligations require to listed companies and actively
safeguard the legitimate rights and interests of the Company and investors.
During the reporting period, the Company in accordance with requirements of the securities regulator's new regulations
and regulatory documents set up Major Mistake Responsibility System of the Company’s Annual Report Disclosure and
Checking and Supervision of Internal Control System further improve the system of corporate governance.
To regulate the management of the Company insider information sources and external information users, according to the
relevant regulatory requirements the Company set up Management System of the Company Insider Information Sources and
External Information Users to further strengthen registering and recording insider information sources and external
information users. During the reporting period, there was no insider information source buying or selling shares before the
influence of significant and sensitive information disclosure of the Company's share price.
6. About the special corporate governance activities
According to the requirement of Announcement about Related Matters of Carrying out Special Activities to Strengthen
the Governance of Listed Company issued by CSRC and Announcement about Governance of Listed Company Special
Activities in Shanghai Jurisdiction issued by Shanghai Securities Regulatory Bureau, the Company deeply launched
corporate governance activities.
The Company will continue to seriously do a good job of corporate governance special activities strictly in accordance
with requirements of the relevant documents, ensuring a heathy and sustainable development under the premise of
standard operations.
If there is significant difference between the corporate governance and the requirements of the China Securities
Regulatory Commission, it is required to specify relevant reasons.
□Applicable √Inapplicable
There is no significant difference between the corporate governance and the requirements of the Company Law and the
China Securities Regulatory Commission
49
2016 Annual Report
II. Particulars about shareholders’ general meetings. The Company governance complies with the requirements of
the Company Law and the China Securities Regulatory Commission.
Disclosure index for the website publishing
Convening date Disclosure date of the resolutions
Session the resolutions
The 30th General Meeting of
Shareholders(Annual 26 May 2016 27 May 2016
http://www.sse.com.cn
Conference of 2015)
The 31th General Meeting of
Shareholders(2016 first
24 November 2016 http://www.sse.com.cn 25 November 2016
temporary shareholder
meeting)
Explanation of general meetings of shareholders
□Applicable √Inapplicable
III. Particulars about duty performance of the directors
(I) Particulars about the directors attending the Board of Directors and the Shareholders’ General Meeting
Particulars about
attending the
Particulars about attending the Board of Directors
Shareholders’
Name of Independent General Meeting
director director or not
Failing to
Due Presence in Presence by Entrusted present in
Absence
presence person telecommunication presence person for two Presence (times)
(times)
(times) (times) (times) (times) consecutive
sessions or not
Shao 10 5 5 0 0 2
No No
Xiaoming
Bao Lei No 10 5 5 0 0 No 2
50
2016 Annual Report
Chen Lin No 10 5 5 0 0 No 2
Zhu Qian No 10 5 5 0 0 No 2
Kang Ming No 10 5 5 0 7 No 2
Zhuang Qi No 10 5 5 0 0 No 2
Li Dapei Yes 10 5 5 0 0 No 2
Gu Zhongxian Yes 10 5 5 0 0 No 2
Zhang Fan Yes 10 5 5 0 0 No 2
Reasons for failure to present in present in person for two consecutive sessions
□Applicable √Inapplicable
Board sessions held during the year (times) 10
Of which: on-site sessions (times) 5
Sessions held by telecommunication (times) 5
Session held by combining the ways of on-site and 0
telecommunication (times)
(II) Particulars about independent directors propose objection on relevant events
□Applicable √Inapplicable
IV. The significant opinion and advices proposed by the special committees under the Board of
Directors for performing duties during the reporting period
√Applicable □Inapplicable
During the reporting period, the Company held a total of 3 the Audit Committee Meetings and 1 Remuneration and
Appraisal Committee Meetings. As the special working organization of the board of directors, each special committee
provided important advice and suggestions for annual report audit, internal control system construction, selecting
auditing institution and auditing executive remuneration.
V. Explanation on the Supervisory Committee finding the Company exist risks
□Applicable √Inapplicable.
VI. Explanation of the Company on Failing to Ensure the Independency and Maintain Self-operation ability with
the controlling shareholder in aspects of business, personnel, assets, organization and financing
□Applicable √Inapplicable
Solutions, work progress and subsequent work plan for horizontal competition
□Applicable √Inapplicable
51
2016 Annual Report
VII. Establishment and implementation of evaluation and incentive mechanism for senior management staff in the
reporting period
√Applicable □Inapplicable
The Company evaluates the performance of senior management staff base on the completion percentage of goals
such as annual financial position, operating results, safety production, and service quality and among others. The
Board of Directors of the Company has set up the Remuneration and Appraisal Committee to carefully review the
remuneration of senior management staff in the report period in accordance with the relevant laws and regulations.
The company will constantly improve of the evaluation and incentive mechanism of senior management staff as
required by the market to promote senior management staff’s diligence, improve corporate governance, and
maximize benefits of shareholders and the Company.
VIII. Disclosure of internal control self-assessment report
√Applicable □Inapplicable
Explanation of significant deficiency existed in the internal control during the reporting period
√Applicable □ Inapplicable
IX. Audit report of internal control
√Applicable □Inapplicable
The company hired Deloitte Touche Tohmatsu Certified Public Accountants LLP to conduct independent audit of the
effectiveness of internal control, and issued an audit report with unqualified opinion. The audit report of internal
control will be disclosed on 28 March 2017 at the Shanghai Stock Exchange website (www.sse.com.cn).
Whether to disclose the audit report of internal control: Yes
X. Others
□Applicable √Inapplicable
Section X. Information about Company Bond
□Applicable √ Inapplicable
52
SHANGHAI JINJIANG INTERNATIONAL
TRAVEL COMPANY LIMITED
Financial Statements and Auditors’ Report
For the year ended 31 December 2016
SHANGHAI JINJIANG INTERNATIONAL TRAVEL COMPANY LIMITED
FINANCIAL STATEMENTS AND AUDITOR’S REPORT
FOR THE YEAR ENDED 31 DECEMBER 2016
CONTENTS PAGE
AUDITOR’S REPORT 1 -2
THE COMPANY’S AND CONSOLIDATED BALANCE SHEETS 3-4
THE COMPANY AND CONSOLIDATED INCOME STATEMENTS 5-6
THE COMPANY AND CONSOLIDATED CASH FLOW STATEMENTS 7-8
THE COMPANY AND CONSOLIDATED STATEMENTS OF 9 - 10
CHANGES IN SHAREHOLDERS’ EQUITY
NOTES TO THE FINANCIAL STATEMENTS 11 - 68
AUDITORS’ REPORT
De Shi Bao (Shen) Zi (17) No. P00935
TO THE SHAREHOLDERS OF
SHANGHAI JINJIANG INTERNATIONAL TRAVEL COMPANY LIMITED
We have audited the accompanying financial statements of Shanghai Jinjiang International Travel Company Limited
("Jinjiang Travel"), which comprise of the company’s and consolidated balance sheets as at 31 December 2016, and the
company’s and consolidated income statements, the company’s and consolidated statements of changes in shareholders’
equity and the company’s and consolidated cash flow statements for the year then ended, and the notes to the financial
statements.
1. Management’s responsibility for the financial statements
Management of Jinjiang Travel is responsible for the preparation and fair presentation of these financial statements.
This responsibility includes: (1) preparing the financial statements in accordance with Accounting Standards for
Business Enterprises to achieve fair presentation of the financial statements; (2) designing, implementing and
maintaining internal control that is necessary to enable that the financial statements are free from material misstatement,
whether due to fraud or error.
2. Auditor’s responsibility
Our responsibility is to express an audit opinion on these financial statements based on our audit. We conducted our
audit in accordance with China Standards on Auditing. China Standards on Auditing require that we comply with
Code of Ethics for Chinese Certified Public Accountants and plan and perform the audit to obtain reasonable assurance
about whether the financial statements are free from material misstatement.
An audit involves performing audit procedures to obtain audit evidence about the amounts and disclosures in the
financial statements. The procedures selected depend on the auditor’s judgment, including the assessment of the risks
of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments,
Certified Public Accountants consider the internal control relevant to the preparation and fair presentation of the
financial statements in order to design audit procedures that are appropriate in the circumstances. An audit also includes
evaluating the appropriateness of accounting policies used and the reasonableness of accounting estimates made by
management, as well as evaluating the overall presentation of the financial statements.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit
opinion.
-1-
3. Opinion
In our opinion, the financial statements of Jinjiang Travel present fairly, in all material respects, the Company’s and
consolidated financial position of as of 31 December 2016, and the Company’s and consolidated results of operations
and cash flows for the year then ended in accordance with Accounting Standards for Business Enterprises.
Deloitte Touche Tohmatsu CPA LLP Chinese Certified Public Accountant:
Shanghai, China
28 March 2017
The auditor’s report and the accompanying financial statements are English translations of the auditor’s report and
statutory financial statements prepared under accounting principles and practices generally accepted in the People’s
Republic of China. These financial statements are not intended to present financial position and results of operatins
and cash flows in accordance with accounting principles and practices generally accepted in other countries and
jurisdictions. In case the English version does not conform to the Chinese version, the Chinese version prevails.
-2-
SHANGHAI JINJIANG INTERNATIONAL TRAVEL COMPANY LIMITED
AT 31 DECEMBER 2016
CONSOLIDATED BALANCE SHEET
Unit: RMB
ITEMS Notes Closing balance Opening balance ITEMS Notes Closing balance Opening balance
Current assets: Current liabilities:
Cash and bank balances (VI)1 485,439,979.21 440,895,204.38 Accounts payable (VI)17 88,750,224.41 101,099,243.48
Accounts receivable (VI)2 79,753,861.76 63,945,647.80 Receipts in advance (VI)18 172,164,000.43 163,057,242.75
Prepayments (VI)3 67,151,363.98 70,112,285.12 Employee benefits payable (VI)19 26,660,416.08 18,645,327.65
Other receivables (VI)4 9,902,821.35 11,235,423.94 Taxes payable (VI)20 12,047,677.13 9,025,336.33
Inventories (VI)5 299,905.28 307,709.03 Other payables (VI)21 39,794,789.16 40,296,284.26
Other current assets (VI)6 - 1,668,629.53 Total current liabilities 339,417,107.21 332,123,434.47
Total current assets 642,547,931.58 588,164,899.80 Non-current liabilities:
Non-current assets: Deferred tax liabilities (VI)15 152,093,322.78 196,049,094.71
Available-for-sale Total non-current
(VI)7 730,483,302.60 923,440,848.47 152,093,322.78 196,049,094.71
financial assets liabilities
Long-term equity
(VI)8 74,341,692.57 67,115,827.17 TOTAL LIABILITIES 491,510,429.99 528,172,529.18
investments
SHAREHOLDERS’
Investment properties (VI)9 138,244,076.60 142,384,038.32
EQUITY:
Fixed assets (VI)10 55,628,500.36 61,500,168.30 Share capital (VI)22 132,556,270.00 132,556,270.00
Construction in
(VI)11 664,910.37 477,250.00 Capital reserve (VI)23 199,948,957.53 199,948,957.53
progress
Other comprehensive
Intangible assets (VI)12 658,375.09 1,175,750.04 (VI)24 456,272,484.16 588,136,702.92
income
Goodwill (VI)13 631,400.11 631,400.11 Surplus reserve (VI)25 147,798,842.16 147,798,842.16
Long-term prepaid
(VI)14 1,651,639.89 2,356,930.54 Retained profits (VI)26 231,282,050.74 200,632,115.64
expenses
Total owners’ equity
Deferred tax assets (VI)15 9,999,729.76 5,581,737.13 attributable to equity 1,167,858,604.59 1,269,072,888.25
holders of the parent
Other non-current assets (VI)16 2,966,851.80 2,966,851.80 Minority interests (1,550,623.85) (1,449,715.75)
TOTAL
Total non-current assets 1,015,270,479.15 1,207,630,801.88 SHAREHOLDERS’ 1,166,307,980.74 1,267,623,172.50
EQUITY
TOTAL
LIABILITIES AND
TOTAL ASSETS 1,657,818,410.73 1,795,795,701.68 1,657,818,410.73 1,795,795,701.68
SHAREHOLDERS’
EQUITY
The accompanying notes form part of the financial statements.
The financial statements on page 3 to 68 were signed by the following:
Head of the Company: Chief Financial Officer: Person in charge of the Accounting Body:
-3-
SHANGHAI JINJIANG INTERNATIONAL TRAVEL COMPANY LIMITED
AT 31 DECEMBER 2016
BALANCE SHEET OF THE COMPANY
Unit: RMB
ITEMS Notes Closing balance Opening balance ITEMS Notes Closing balance Opening balance
Current assets: Current liabilities:
Cash and bank balances (XV)1 360,852,975.47 353,654,037.14 Accounts payable 4,734,776.65 7,053,033.87
Accounts receivable (XV)2 2,052,952.59 1,430,679.46 Receipts in advance 61,732,013.93 71,468,642.91
Prepayments 616,566.41 304,795.18 Employee benefits payable 10,726,040.57 5,556,962.50
Other receivables (XV)3 3,542,269.09 4,903,075.99 Taxes payable 10,816,101.58 8,602,175.80
Inventories 35,673.62 46,746.04 Other payables 34,651,535.14 93,587,751.36
Other current assets 2,100,000.00 - Total current liabilities 122,660,467.87 186,268,566.44
Total current assets 369,200,437.18 360,339,333.81 Non-current liabilities:
Non-current assets: Deferred tax liabilities 152,090,828.03 196,045,567.64
Available-for-sale Total non-current
730,483,302.60 923,440,848.47 152,090,828.03 196,045,567.64
financial assets liabilities
Long-term equity
(XV)4 127,533,252.01 120,307,386.61 TOTAL LIABILITIES 274,751,295.90 382,314,134.08
investments
SHAREHOLDERS’
Investment properties 138,244,076.60 142,384,038.32
EQUITY:
Fixed assets (XV)5 52,504,552.28 56,963,061.12 Share capital (VI)22 132,556,270.00 132,556,270.00
Construction in progress 664,910.37 477,250.00 Capital reserve 183,076,312.17 183,076,312.17
Other comprehensive (VI)24
Intangible assets 658,375.09 1,175,750.04 456,272,484.16 588,136,702.92
income
Long-term prepaid
1,354,954.47 1,876,861.09 Surplus reserve 124,813,366.95 124,813,366.95
expenses
Other non-current assets (XV)6 2,006,851.80 2,006,851.80 Retained profits 251,180,983.22 198,074,595.14
TOTAL
Total non-current assets 1,053,450,275.22 1,248,632,047.45 SHAREHOLDERS’ 1,147,899,416.50 1,226,657,247.18
EQUITY
TOTAL LIABILITIES
TOTAL ASSETS 1,422,650,712.40 1,608,971,381.26 AND SHAREHOLDERS’ 1,422,650,712.40 1,608,971,381.26
EQUITY
The accompanying notes form part of the financial statements.
-4-
SHANGHAI JINJIANG INTERNATIONAL TRAVEL COMPANY LIMITED
FOR THE YEAR ENDED 31 DECEMBER 2016
CONSOLIDATED INCOME STATEMENT
Unit: RMB
Amount for the current Amount for the prior
ITEMS Notes
period period
I. Total operating income (VI)27 1,907,531,142.26 2,280,187,322.60
Less: Operating costs (VI)27 1,768,005,141.78 2,101,900,232.28
Taxes and levies (VI)28 6,869,959.21 13,415,810.10
Selling and distribution expenses (VI)29 124,015,398.85 133,066,834.13
Administrative expenses (VI)30 59,365,288.89 63,702,512.77
Financial expenses (VI)31 (4,327,455.23) (8,762,800.69)
Impairment losses of assets(Reversal) (VI)32 (1,513,121.69) (638,404.30)
Add: Investment income (VI)33 110,762,548.90 85,752,955.89
Including: Income from investment in
7,375,865.40 5,509,857.75
associates and joint venture
II. Operating profit 65,878,479.35 63,256,094.20
Add: Non-operating income (VI)34 8,032,736.01 4,658,350.60
Less: Non-operating expenses (VI)35 471,859.03 22,793.34
Including: Losses from disposal of non-current assets 74,980.49 20,106.90
III. Total profit 73,439,356.33 67,891,651.46
Less: Income tax expenses (VI)36 12,402,387.23 7,719,829.67
IV. Net profit 61,036,969.10 60,171,821.79
Net profit attributable to owners of the Company 61,137,877.20 60,752,458.26
Profit or loss attributable to minority interests (100,908.10) (580,636.47)
V. Other comprehensive income, net of tax (VI)24 (131,864,218.76) 47,028,918.84
OCI attributable to parent shareholder (net of tax) (131,864,218.76) 47,028,918.84
(1) OCI that can’t be transferred into profit or loss - -
(2) OCI that can be transferred into profit or loss – profit or
(131,864,218.76) 47,028,918.84
loss from changes in fair values of AFS financial assets
OCI attributable to minority shareholder (net of tax) - -
VI. Total comprehensive income (70,827,249.66) 107,200,740.63
Total comprehensive income attributable to owners
(70,726,341.56) 107,781,377.10
of the Company
Total comprehensive income attributable to
(100,908.10) (580,636.47)
minority interests
VII. Earnings per share:
(I) Basic earnings per share 0.4612 0.4583
(II) Diluted earnings per share N/A N/A
The accompanying notes form part of the financial statements.
-5-
SHANGHAI JINJIANG INTERNATIONAL TRAVEL COMPANY LIMITED
FOR THE YEAR ENDED 31 DECEMBER 2016
INCOME STATEMENT OF THE COMPANY
Unit: RMB
Amount for the current
ITEMS Notes Amount for the prior period
period
I. Total operating income (XV)7 428,938,697.47 514,525,617.23
Less: Operating costs (XV)7 409,294,153.85 492,273,742.48
Taxes and levies 3,579,473.31 3,521,873.74
Selling and distribution expenses 11,340,264.19 8,217,377.59
Administrative expenses (XV)8 24,466,854.95 26,797,058.31
Financial expenses (7,314,612.87) (10,025,920.59)
Impairment losses of assets(Reversal) - 252,739.81
Add: Investment income (XV)9 111,256,027.25 103,442,153.00
Including: Income from investment in
7,375,865.40 5,509,857.75
associates and joint venture
II. Operating profit 98,828,591.29 96,930,898.89
Add: Non-operating income (XV)10 1,952,135.53 1,033,727.00
Less: Non-operating expenses 33,346.64 1,566.10
Including: Losses from disposal of non-current
33,096.64 1,566.10
assets
III. Total profit 100,747,380.18 97,963,059.79
Less: Income tax expenses 17,153,050.00 10,087,680.29
IV. Net profit 83,594,330.18 87,875,379.50
V. Other comprehensive income (131,864,218.76) 47,028,918.84
(1) OCI that can’t be transferred into profit or loss - -
(2) OCI that can be transferred into net income – AFS
(131,864,218.76) 47,028,918.84
financial assets
VI. Total comprehensive income (48,269,888.58) 134,904,298.34
The accompanying notes form part of the financial statements.
-6-
SHANGHAI JINJIANG INTERNATIONAL TRAVEL COMPANY LIMITED
FOR THE YEAR ENDED 31 DECEMBER 2016
CONSOLIDATED CASH FLOW STATEMENT
Unit: RMB
Amount for the current Amount for the prior
ITEMS Notes
period period
I. Cash flow from operating activities:
Cash receipts from sales of goods or rendering of services 1,920,414,826.97 2,251,710,385.82
Other cash received relating to operating activities (VI)37(1) 20,743,454.22 8,082,657.88
Sub-total of cash inflows from operating activities 1,941,158,281.19 2,259,793,043.70
Cash payments for goods purchased and services received 1,782,170,516.22 2,070,628,338.15
Cash payments to and on behalf of employees 151,040,912.23 169,074,318.72
Payments of all types of taxes 30,327,572.70 20,405,899.13
Other cash payments relating to operating activities (VI)37(2) 42,421,646.77 30,238,054.56
Sub-total of cash outflows from operating activities 2,005,960,647.92 2,290,346,610.56
Net cash flow from operating activities (64,802,366.73) (30,553,566.86)
II. Cash flow from investing activities:
Cash receipts from disposals and recovery of investments 246,165,474.45 252,058,410.93
Cash receipts from investments income 31,115,186.96 43,925,018.72
Net cash receipts from disposal of fixed assets, intangible assets 295,149.88 250.00
and other long-term assets
Sub-total of cash inflows from investing activities 277,575,811.29 295,983,679.65
Cash payments to acquire and construct fixed assets, intangible 643,127.63 1,714,576.14
assets and other long-term assets
Cash payments to acquire investments 250,000,000.00 150,000,000.00
Sub-total of cash outflows from investing activities 250,643,127.63 151,714,576.14
Net cash flow from investing activities 26,932,683.66 144,269,103.51
III. Cash flow from financing activities:
Cash payments for distribution of dividends or profit or 30,487,942.10 29,427,491.94
interest expenses
Including: Payments for distribution of dividends or profit to - -
minority owners of subsidiaries
Sub-total of cash outflows from financing activities 30,487,942.10 29,427,491.94
Net cash flow from financing activities (30,487,942.10) (29,427,491.94)
IV. Effect of foreign exchange rate changes on cash and cash -
equivalents
V. Net increase(decrease) in cash and cash equivalents (68,357,625.17) 84,288,044.71
Add: Opening balance of cash and cash equivalents (VI)38(2) 284,953,830.78 200,665,786.07
VI. Closing balance of cash and cash equivalents (VI)38(2) 216,596,205.61 284,953,830.78
The accompanying notes form part of the financial statements.
-7-
SHANGHAI JINJIANG INTERNATIONAL TRAVEL COMPANY LIMITED
FOR THE YEAR ENDED 31 DECEMBER 2016
CASH FLOW STATEMENT OF THE COMPANY
Unit: RMB
Amount for the current Amount for the prior
ITEMS Notes
period period
I. Cash flow from operating activities:
Cash receipts from sales of goods or rendering of services 422,525,878.63 510,146,348.19
Other cash receipts relating to operating activities (XV)11(1) 12,548,917.32 2,663,998.62
Sub-total of cash inflows 435,074,795.95 512,810,346.81
Cash payments for goods purchased and services received 409,030,436.85 489,756,912.10
Cash payments to and on behalf of employees 25,833,199.95 21,170,617.83
Payments of all types of taxes 21,207,392.11 5,100,008.13
Other cash payments relating to operating activities (XV)11(2) 82,221,710.56 28,345,941.85
Sub-total of cash outflows 538,292,739.47 544,373,479.91
Net cash flow from operating activities (103,217,943.52) (31,563,133.10)
II. Cash flow from investing activities:
Cash receipts from disposals and recovery of investments 247,565,474.45 252,058,410.93
Cash receipts from investments income 31,608,665.31 61,614,215.83
Net cash receipts from disposal of fixed assets, intangible
161,668.00 250.00
assets and other long-term assets
Sub-total of cash inflows from investing activities 279,335,807.76 313,672,876.76
Cash payments to acquire and construct fixed assets,
430,983.81 509,796.23
Intangible assets and other long-term assets
Cash payments to acquire investments 222,100,000.00 150,000,000.00
Sub-total of cash outflows from investing activities 222,530,983.81 150,509,796.23
Net cash flow from investing activities 56,804,823.95 163,163,080.53
III.Cash flow from financing activities
Cash payments for distribution of dividends or profit or
30,487,942.10 29,427,491.94
interest expenses
Sub-total of cash outflows 30,487,942.10 29,427,491.94
Net cash flow from financing activities (30,487,942.10) (29,427,491.94)
IV. Effect of foreign exchange rate changes on cash and cash -
equivalents
V. Net increase(decrease) in cash and cash equivalents (76,901,061.67) 102,172,455.49
Add: Opening balance of cash and cash equivalents (XV)12(2) 202,954,037.14 100,781,581.65
VI. Closing balance of cash and cash equivalents (XV)12(2) 126,052,975.47 202,954,037.14
The accompanying notes form part of the financial statements.
-8-
SHANGHAI JINJIANG INTERNATIONAL TRAVEL COMPANY LIMITED
FOR THE YEAR ENDED 31 DECEMBER 2016
CONSOLIDATED STATEMENT OF CHANGES IN SHAREHOLDERS’ EQUITY
Unit: RMB
Amount for the current period Amount for the same period of last year
Attributable to owners of the Company Attributable to owners of the Company
ITEMS Total
Other Minority Other Minority Total shareholders'
Retained shareholders'
Share capital Capital reserve comprehensive Surplus reserve interests Share capital Capital reserve comprehensive Surplus reserve Retained profits interests equity
profits equity
income income
I. Balance at the beginning 132,556,270.00 199,948,957.53 588,136,702.92 147,798,842.16 200,632,115.64 (1,449,715.75) 1,267,623,172.50 132,556,270.00 199,948,957.53 541,107,784.08 147,798,842.16 169,307,149.32 (869,079.28) 1,189,849,923.81
of the year
II. Changes for the year - - (131,864,218.76) - 30,649,935.10 (100,908.10) (101,315,191.76) - - 47,028,918.84 - 31,324,966.32 (580,636.47) 77,773,248.69
(I)Total comprehensive
- - (131,864,218.76) - 61,137,877.20 (100,908.10) (70,827,249.66) - - 47,028,918.84 - 60,752,458.26 (580,636.47) 107,200,740.63
income
(II) Owner's contributions and
- - - - - - - - - - - - - -
reduction in capital
1. Owner's capital
- - - - - - - - - - - - - -
contributions
2.Business combination not - - - - - - - - - - - - - -
involving common control
(III) Profit distribution - - - - (30,487,942.10) - (30,487,942.10) - - - - (29,427,491.94) - (29,427,491.94)
1. Transfer to surplus reserve - - - - - - - - - - - - - -
2. Distribution to shareholders - - - - (30,487,942.10) - (30,487,942.10) - - - - (29,427,491.94) - (29,427,491.94)
III. Balance at the end of the 132,556,270.00 199,948,957.53 456,272,484.16 147,798,842.16 231,282,050.74 (1,550,623.85) 1,166,307,980.74 132,556,270.00 199,948,957.53 588,136,702.92 147,798,842.16 200,632,115.64 (1,449,715.75) 1,267,623,172.50
year
The accompanying notes form part of the financial statements.
-9-
SHANGHAI JINJIANG INTERNATIONAL TRAVEL COMPANY LIMITED
FOR THE YEAR ENDED 31 DECEMBER 2016
COMPANY’S STATEMENT OF CHANGES IN SHAREHOLDERS’ EQUITY
Unit: RMB
Amount for the current period Amount for the same period of last year
Share capital Capital reserve Other Surplus reserve Retained profits Total Share capital Capital reserve Other Surplus reserve Retained profits Total
ITEMS
Comprehensive shareholders' Comprehensive shareholders'
income equity income equity
I. Balance at the beginning of the year 132,556,270.00 183,076,312.17 588,136,702.92 124,813,366.95 198,074,595.14 1,226,657,247.18 132,556,270.00 183,076,312.17 541,107,784.08 124,813,366.95 139,626,707.58 1,121,180,440.78
II. Changes for the year - - (131,864,218.76) - 53,106,388.08 (78,757,830.68) - - 47,028,918.84 - 58,447,887.56 105,476,806.40
(I) Total comprehensive income - - (131,864,218.76) - 83,594,330.18 (48,269,888.58) - - 47,028,918.84 - 87,875,379.50 134,904,298.34
(II) Profit distribution - - - - (30,487,942.10) (30,487,942.10) - - - - (29,427,491.94) (29,427,491.94)
1. Transfer to surplus reserve - - - - - - - - - - - -
2. Distribution to shareholders - - - - (30,487,942.10) (30,487,942.10) - - - - (29,427,491.94) (29,427,491.94)
III. Balance at the end of the year 132,556,270.00 183,076,312.17 456,272,484.16 124,813,366.95 251,180,983.22 1,147,899,416.50 132,556,270.00 183,076,312.17 588,136,702.92 124,813,366.95 198,074,595.14 1,226,657,247.18
The accompanying notes form part of the financial statements.
- 10 -
SHANGHAI JINJIANG INTERNATIONAL TRAVEL COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2016
I. GENERAL
Shanghai Jinjiang International Travel Company Limited (“the Company”) was established through
restructuring with CITS as the major sponsor in August 1994, in which the major sponsor invested its net assets
into the Company which was equivalent to legal person share of 60.50 million stocks. The headquarters is
located in Shanghai with registered address as 27F, Lianyi Building, No. 100 Yanan East Road, Shanghai. On 28
September 1994, the Company was listed on Shanghai Stock Exchange with 60 million B shares issued; On 8
June 1998, the Company distributed 1 dividend share out of every ten shares, after which the total shares of the
Company amounted to 132.56 million shares.
On 14 February 2011, Jinjiang International (Group) Co., Ltd (“Jin Jiang International”) transferred 66,556,270
(50.21% of total shares) state-owned legal person shares to Shanghai Jinjiang International Hotels (Group) Co.,
Ltd (“Jin Jiang Hotels (Group)”), and Jinjiang Hotels (Group) has become the holding company of the
Company, and Jinjiang International has become the ultimate holding company of the Company.
Details of the share capital of the Company refer to Note (VI), 22.
The principle business of the Company and its subsidiaries (“the Group”) include international and domestic
travel and travel agency, ticket agency, property leasing and trading.
The financial statements of the Group and the Company are approved by the Board of Directors on 28 March
2017.
For the Scope of the consolidated financial statements, please refer to Note (VII) "Interests in other entities".
II. BASIS OF PREPARATION OF FINANCIAL STATEMENTS
Basis of preparation of financial statements
The Group has adopted Accounting Standards for Business Enterprises issued by the Ministry of Finance
revised in 2014. In addition, the Group has disclosed the financial information in accordance with Information
Disclosure and Presentation Rules for Companies Offering Securities to the Public No. 15－General Provisions
on Financial Reporting (Revised in 2014).
Basis of accounting and principle of measurement
The Group has adopted the accrual basis of accounting. Except for certain financial instruments which are
measured at fair value, the Group has adopted the historical cost as the principle of measurement of the financial
statements. Where assets are impaired, provisions for asset impairment are made in accordance with relevant
requirements.
Where the historical cost is adopted as the measurement basis, assets are recorded at the amount of cash or cash
equivalents paid or the fair value of the consideration given to acquire them at the time of their acquisition.
Liabilities are recorded at the amount of proceeds or assets received or the contractual amounts for assuming the
present obligation, or, at the amounts of cash or cash equivalents expected to be paid to settle the liabilities in
the normal course of business.
Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly
transaction between market participants at the measurement date, regardless of whether that price is directly
observed or estimated using another valuation technique. Fair value measurement and disclosure in the financial
statements are determined according to the above basis.
11
SHANGHAI JINJIANG INTERNATIONAL TRAVEL COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2016
II. BASIS OF PREPARATION OF FINANCIAL STATEMENTS - continued
Fair value measurements are categorized into Level 1, 2 or 3 based on the degrees to which the inputs to the fair
value measurements are observable and the significance of the inputs to the fair value measurement in its
entirety, which are described as follows:
Level 1 inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities that the
entity can access at the measurement date;
Level 2 inputs are inputs, other than quoted prices included with Level 1, which are observable for the
asset and liability, either directly or indirectly;
Level 3 inputs are unobservable inputs for the asset or liability.
III. SIGNIFICANT ACCOUNTING POLICIES AND ACCOUNTING ESTIMATES
1. Statement of compliance with the Accounting Standards for Business Enterprises
The financial statements of the Company have been prepared in accordance with the Accounting Standards for
Business Enterprises, and present truly and completely, the Company’s and Consolidated financial position as of
31 December 2016, and the Company’s and Consolidated results of operations and cash flows for the year then
ended.
2. Accounting period
The Group has adopted the calendar year as its accounting year, i.e. from January 1 to December 31.
3. Operating cycle
Operating cycle refers to the time period from providing tour or related services to the collection of cash or cash
equivalents. For the Group, the operating cycle is less than 12 months. The Group uses 12 months as the criteria
to determine the liquidation of assets and liabilities.
4. Functional currency
Renminbi (“RMB”) is the currency of the primary economic environment in which the Group operates. The
functional currency of the Company and its subsidiaries is RMB. RMB is used as reporting currency to prepare
this financial statements.
5. The accounting treatment of business combination involving enterprises under common control
and business combination not involving enterprises under common control
Business combinations are classified into business combinations involving enterprises under common control
and business combinations not involving enterprises under common control.
5.1 A business combination involving enterprises under common control
A business combination involving enterprises under common control is a business combination in which all of
the combining enterprises are ultimately controlled by the same party or parties both before and after the
combination, and that control is not transitory.
12
SHANGHAI JINJIANG INTERNATIONAL TRAVEL COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2016
III. SIGNIFICANT ACCOUNTING POLICIES AND ACCOUNTING ESTIMATES - continued
5. Business combinations - continued
5.1 A business combination involving enterprises under common control - continued
Assets and liabilities that are obtained in a business combination are measured at their carrying amounts at the
combination date as recorded by the party being absorbed. The difference between the carrying amount of the
net assets obtained and the carrying amount of the consideration paid for the combination is adjusted to capital
premium in capital reserve. If the capital premium in capital reserve is not sufficient to absorb the difference,
any excess is adjusted against retained earnings.
Costs incurred that are directly attributable to the combination are charged to profit or loss in the period in
which they are incurred.
5.2 A business combination not involving enterprises under common control and goodwill
A business combination not involving enterprises under common control is a business combination in which all
of the combining enterprises are not ultimately controlled by the same party or parties before and after the
combination.
The cost of combination is the aggregate of the fair values, at the acquisition date, of the assets given, liabilities
incurred or assumed, and equity securities issued by the acquirer, in exchange for control of the acquiree. Costs
incurred by the absorbing party that are directly attributable to the combination, including audit fees, valuation
fees and legal fees, shall be charged to profit or loss in the period in which they are incurred.
The acquiree’s identifiable assets, liabilities and contingent liabilities that satisfy the recognition criteria, which
are acquired in a business combination, are measured at their fair value at the acquisition date.
Where the cost of combination exceeds the acquirer’s interest in the fair value of the acquiree’s identifiable net
assets, the difference is recognized as goodwill and initially measured at cost. Where the cost of combination is
less than the acquirer’s interest in the fair value of the acquiree’s identifiable net assets, the difference is
accounted for as follows: firstly, the acquirer reassesses the measurement of the fair values of the acquiree’s
identifiable assets, liabilities and contingent liabilities and measurement of the cost of combination; then, if after
that reassessment, the cost of combination is still less than the acquirer’s interest in the fair value of the
acquiree’s identifiable net assets, the acquirer recognises the remaining difference immediately in profit or loss
for the current period.
Goodwill arising on a business combination is measured at cost less accumulated impairment losses, and is
presented separately in the consolidated financial statements.
6. Preparation of consolidated financial statements
The scope of consolidation in the consolidated financial statements is determined on the basis of control.
Control exists when the investor has power over the investee; is exposed, or has rights, to variable returns from
its involvement with the investee; and has the ability to use its power over the investee to affect its returns. The
Group reassesses whether or not it controls an investee if facts and circumstances indicate that there are changes
of the above elements of the definition of control.
Consolidation of a subsidiary begins when the Group obtains control over the subsidiary and ceases when the
Group loses control of the subsidiary.
For a subsidiary disposed of by the Group, the operating results and cash flows before the date of disposal (the
date when control is lost) are included in the consolidated income statement and consolidated statement of cash
flows, as appropriate.
13
SHANGHAI JINJIANG INTERNATIONAL TRAVEL COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2016
III. SIGNIFICANT ACCOUNTING POLICIES AND ACCOUNTING ESTIMATES - continued
6. Preparation of consolidated financial statements - continued
For a subsidiary acquired through a business combination not involving enterprises under common control, the
operating results and cash flows from the acquisition date (the date when control is obtained) are included in the
consolidated income statement and consolidated statement of cash flows, as appropriate.
No matter when the business combination occurs in the reporting period, subsidiaries or acquiree acquired
through a business combination involving enterprises under common control are included in the Group's scope
of consolidation as if they had been included in the scope of consolidation from the date when they first came
under the common control of the ultimate controlling party. Their operating results and cash flows from the
beginning of the earliest reporting period or from the date when they first came under the common control of
the ultimate controlling party are included in the consolidated income statement and consolidated statement of
cash flows, as appropriate.
The significant accounting policies and accounting periods adopted by the subsidiaries are determined based on
the uniform accounting policies and accounting periods set out by the Company.
All significant intra-group accounts and transactions between the Company and its subsidiaries or between
subsidiaries are eliminated on consolidation.
The portion of a subsidiary’s equity that is not attributable to the parent is treated as minority interest and
presented as “minority interest” in the consolidated balance sheet within shareholders’ equity. The portion of net
profits or losses of subsidiaries for the period attributable to minority interest is presented in the consolidated
income statement below the "net profit" line item as “minority interest”.
When the amount of loss attributable to the minority shareholders of a subsidiary exceeds the minority
shareholders’ portion of the opening balance of owners' equity of the subsidiary, the excess amount is still
allocated against minority interest.
Changes in a parent’s ownership interest in a subsidiary caused by purchase of minority interests or disposal of
part of the investment that do not result in the loss of control are accounted for within equity, and the carrying
amount of owners' equity attributable to equity holders of the parent and minority interests should be adjusted to
reflect the changes. The difference between the adjustment of minority interests and the fair value of the
consideration paid or received is adjusted to capital reserve. If the capital reserve is not sufficient to absorb the
difference, the excess are adjusted against retained earnings.
When an entity loses control of a subsidiary resulting from the disposal of part of the investment or other
reasons, the investment retained in the former subsidiary is remeasured at its fair value at the date when control
is lost. The difference between the sum of the consideration received from the disposal of the investment and the
fair value of the investment retained in the former subsidiary, and the shares of the net assets calculated
according to former proportion of the ownership interest is recognized in the investment income at the date
when control is lost. Amounts arising from interests in the acquiree prior to the acquisition date that have
previously been recognized in other comprehensive income are reclassified to investment income when the
control is lost.
7. Recognition criteria of cash and cash equivalents
Cash comprises cash on hand and deposits that can be readily withdrawn on demand. Cash equivalents are
short-term, highly liquid investments that are readily convertible to known amounts of cash and which are
subject to an insignificant risk of change in value.
14
SHANGHAI JINJIANG INTERNATIONAL TRAVEL COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2016
III. SIGNIFICANT ACCOUNTING POLICIES AND ACCOUNTING ESTIMATES - continued
8. Translation of transactions and financial statements dominated in foreign currencies
On initial recognition, foreign currency transactions are translated by applying the spot exchange rate at the
dates of the transactions.
At the balance sheet date, foreign currency monetary items are translated to RMB using the spot exchange rate
at that date. Exchange differences arising from the differences between the spot exchange rate prevailing at the
balance sheet date and those spot rates used on initial recognition or at the previous balance sheet date are
recognized in profit or loss for the current period, except for: (1) exchange differences arising from specific-
purpose borrowings in foreign currencies that are eligible for capitalization, which are capitalized during the
capitalization period and included in the cost of related assets; and (2) exchange differences arising from
hedging instruments for foreign currency risk, which are treated under hedge accounting (3) exchange
differences arising from changes in the carrying amounts (other than the amortised cost) of available-for-sale
monetary items are recognised as other comprehensive income.
Foreign currency non-monetary items carried at historical cost continue to be measured at the amounts in
functional currency translated using the spot exchange rates at the dates of the transactions; foreign currency
non-monetary items carried at fair value are translated using the spot exchange rates at the date when the fair
value was determined. Differences between the translated amount and the original amount of functional
currency are accounted for as changes in fair value (including changes in foreign exchange rates) and included
in profit or loss for the period or other comprehensive income.
9. Financial instruments
The Group shall recognize a financial asset or a financial liability when the Group becomes a party to the
contractual provisions of the financial instrument. When a financial asset or financial liability is recognized
initially, the Group shall measure it at its fair value. In the case of a financial asset or financial liability at fair
value through profit or loss, transaction costs shall be charged to the profit or loss for the period. For other
financial assets or financial liabilities, transaction costs shall be included in their initial recognition amounts.
9.1 Effective interest method
The effective interest method is a method of calculating the amortized cost of a financial asset or a financial
liability (or group of financial assets or liabilities) and of allocating the interest income or interest expense over
the relevant period, using the effective interest rate. The effective interest rate is the rate that exactly discounts
estimated future cash payments or receipts through the expected life of the financial instrument or, when
appropriate, a shorter period to the net carrying amount of the financial asset or financial liability.
When calculating the effective interest rate, the Group estimates future cash flows considering all contractual
terms of the financial asset or financial liability (without considering future credit losses), and also considers all
fees paid or received between the parties to the contract giving rise to the financial asset and financial liability
that are an integral part of the effective interest rate, transaction costs, and premiums or discounts, etc.
9.2 Classification, recognition and measurement of financial assets
On initial recognition, financial assets are classified into the following categories: financial assets at ‘fair value
through profit or loss’ (FVTPL), ‘held-to-maturity’ investments, ‘loans and receivables’ and ‘available-for-sale’
(AFS) financial assets. All regular way purchases or sales of financial assets are recognised and derecognised on
a trade date basis. The Group, as for now, holds no held-to-maturity investment.
15
SHANGHAI JINJIANG INTERNATIONAL TRAVEL COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2016
III. SIGNIFICANT ACCOUNTING POLICIES AND ACCOUNTING ESTIMATES - continued
9. Financial instruments - continued
9.2.1. Financial assets at FVTPL
Financial assets at FVTPL include financial assets held for trading and those designated as at fair value through
profit or loss.
A financial asset is classified as held for trading if one of the following conditions is satisfied: (1) It has been
acquired principally for the purpose of selling in the near term; or (2) On initial recognition it is part of a
portfolio of identified financial instruments that the Group manages together and there is objective evidence that
the Group has a recent actual pattern of short-term profit-taking; or (3) It is a derivative that is not designated
and effective as a hedging instrument, or a financial guarantee contract, or a derivative that is linked to and must
be settled by delivery of an unquoted equity instrument (without a quoted price in an active market) whose fair
value cannot be reliably measured.
A financial asset may be designated as at FVTPL upon initial recognition only when one of the following
conditions is satisfied: (1) Such designation eliminates or significantly reduces a measurement or recognition
inconsistency that would otherwise result from measuring assets or recognising the gains or losses on them on
different bases; (2) The financial asset forms part of a group of financial assets or a group of financial assets and
financial liabilities, which is managed and its performance is evaluated on a fair value basis, in accordance with
the Group's documented risk management or investment strategy, and information about the grouping is
reported to key management personnel on that basis; or (3) it is a qualifying hybrid instrument containing
embedded derivatives.
Financial assets at FVTPL are subsequently measured at fair value. Any gains or losses arising from changes in
the fair value and any dividend or interest income earned on the financial assets are recognised in profit or loss.
9.2.2 Loans and receivables
Loans and receivables are non-derivative financial assets with fixed or determinable payments that are not
quoted in an active market. The Group’s accounts receivable, other receivables and other current assets are
included in this category.
Loans and receivables are subsequently measured at amortized cost using the effective interest method. Gains or
losses arising from derecognition, impairment or amortization are recognized in profit or loss for the current
period.
9.2.3 AFS financial assets
AFS financial assets are those non-derivative financial assets that are designated as available-for-sale or are not
classified as (1) financial assets at FVTPL, (2) loans and receivables, and (3) held-to-maturity investments.
Available-for-sale financial assets are subsequently measured at fair value, and gains or losses arising from
changes in the fair value are recognised as other comprehensive income, except that impairment losses and
exchange differences related to amortised cost of monetary financial assets denominated in foreign currencies
are recognised in profit or loss, until the financial assets are derecognised, at which time the gains or losses are
released and recognised in profit or loss.
Interest received during the period in which the Group holds the AFS financial assets and cash dividends
declared by the investee are recognized as investment income.
Investments in equity instruments that do not have a quoted market price in an active market and whose fair
value cannot be reliably measured and derivative assets that is linked to and must be settled by delivery of such
unquoted equity instruments, which shall be measured at cost.
16
SHANGHAI JINJIANG INTERNATIONAL TRAVEL COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2016
III. SIGNIFICANT ACCOUNTING POLICIES AND ACCOUNTING ESTIMATES - continued
9. Financial instruments - continued
9.3 Impairment of financial assets
The Group assesses at each balance sheet date the carrying amounts of financial assets other than those at fair
value through profit or loss. If there is objective evidence that a financial asset is impaired, the Group
determines the amount of any impairment loss. Objective evidence that a financial asset is impaired is evidence
that, arising from one or more events that occurred after the initial recognition of the asset, the estimated future
cash flows of the financial asset, which can be reliably measured, have been affected.
Objective evidence that a financial asset is impaired includes the following observable events:
(1) Significant financial difficulty of the issuer or obligor;
(2) A breach of contract by the borrower, such as a default or delinquency in interest or principal payments;
(3) The Group, for economic or legal reasons relating to the borrower’s financial difficulty, granting a
concession to the borrower;
(4) It becoming probable that the borrower will enter bankruptcy or other financial reorganisations;
(5) The disappearance of an active market for that financial asset because of financial difficulties of the issuer;
(6) Upon an overall assessment of a group of financial assets, observable data indicates that there is a
measurable decrease in the estimated future cash flows from the group of financial assets since the initial
recognition of those assets, although the decrease cannot yet be identified with the individual financial assets in
the group. Such observable data includes:
- Adverse changes in the payment status of borrower in the group of assets;
- Economic conditions in the country or region of the borrower which may lead to a failure to pay the
group of assets;
(7) Significant adverse changes in the technological, market, economic or legal environment in which the equity
instrument issuer operates, indicating that the cost of the investment in the equity instrument may not be
recovered by the investor;
(8) A significant or prolonged decline in the fair value of an investment in an equity instrument below its cost,
Namely, at the balance sheet date, decline in fair value of an equity investment exceeds 50%(inclusive) or the
prolonged decline is more than 12 months(inclusive);
(9) Other objective evidence indicating there is an impairment of a financial asset.
Impairment of financial assets measured at amortised cost
If financial assets carried at amortised cost are impaired, the carrying amounts of the financial assets are reduced
to the present value of estimated future cash flows (excluding future credit losses that have not been incurred)
discounted at the financial asset's original effective interest rate. The amount of reduction is recognised as an
impairment loss in profit or loss. If, subsequent to the recognition of an impairment loss on financial assets
carried at amortised cost, there is objective evidence of a recovery in value of the financial assets which can be
related objectively to an event occurring after the impairment is recognised, the previously recognised
impairment loss is reversed. However, the reversal is made to the extent that the carrying amount of the
financial asset at the date the impairment is reversed does not exceed what the amortised cost would have been
had the impairment not been recognised.
For a financial asset that is individually significant, the Group assesses the asset individually for impairment.
For a financial asset that is not individually significant, the Group assesses the asset individually for impairment
or includes the asset in a group of financial assets with similar credit risk characteristics and collectively
assesses them for impairment. If the Group determines that no objective evidence of impairment exists for an
individually assessed financial asset (whether significant or not), it includes the asset in a group of financial
assets with similar credit risk characteristics and collectively reassesses them for impairment. Assets for which
an impairment loss is individually recognised are not included in a group of financial assets with similar credit
risk characteristics for collective assessment of impairment.
17
SHANGHAI JINJIANG INTERNATIONAL TRAVEL COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2016
III. SIGNIFICANT ACCOUNTING POLICIES AND ACCOUNTING ESTIMATES - continued
9. Financial instruments - continued
9.3 Impairment of financial assets - continued
Impairment of available-for-sale financial assets
When an available-for-sale financial asset is impaired, the cumulative loss arising from decline in fair value
previously recognised directly in other comprehensive income is reclassified from other comprehensive income
to profit or loss. The amount of the cumulative loss that is reclassified from comprehensive income to profit or
loss is the difference between the acquisition cost (net of any principal repayment and amortisation) and the
current fair value, less any impairment loss on that financial asset previously recognised in profit or loss.
If, subsequent to the recognition of an impairment loss on available-for-sale financial assets, there is objective
evidence of a recovery in value of the financial assets which can be related objectively to an event occurring
after the impairment is recognised, the previously recognised impairment loss is reversed. The amount of
reversal of impairment loss on available-for-sale equity instruments is recognised as other comprehensive
income, while the amount of reversal of impairment loss on available-for-sale debt instruments is recognised in
profit or loss.
Impairment of financial assets measured at cost
If an impairment loss has been incurred on an investment in unquoted equity instrument (without a quoted price
in an active market) whose fair value cannot be reliably measured, or on a derivative financial asset that is
linked to and must be settled by delivery of such an unquoted equity instrument, the carrying amount of the
financial asset is reduced to the present value of estimated future cash flows discounted at the current market
rate of return for a similar financial asset. The amount of reduction is recognised as an impairment loss in profit
or loss. The impairment loss on such financial asset is not reversed once it is recognised.
9.4 Transfer of financial assets
The Group derecognises a financial asset only when: (1) the contractual rights to the cash flows from the
financial asset expire; or (2) it transfers the financial asset and substantially all the risks and rewards of
ownership of the asset to another entity; or (3) it transfers the financial asset, neither transfers nor retains
substantially all the risks and rewards of ownership but has not retained control over the financial assets.
If an enterprise neither transfers nor retains substantially all the risks and rewards of ownership of the financial
asset, and retains its control of the financial asset, it recognizes the financial asset to the extent of its continuing
involvement in the transferred financial asset and recognise an associated liability. The extent of the enterprise’s
continuing involvement in the transferred asset is the extent to which it is exposed to changes in the value of the
transferred asset.
For a transfer of a financial asset in its entirety that satisfies derecognition criteria, the difference between the
following two amounts is recognised in profit or loss for the current period:
(1) The carrying amount of the financial asset transferred; and
(2) The sum of the consideration received from the transfer and any cumulative gain or loss that had been
recognised directly in equity.
If a part of the transferred financial asset qualifies for derecognition, the carrying amount of the transferred
financial asset is allocated between the part that continues to be recognised and the part that is derecognised,
based on the respective fair values of those parts. The difference between (1) the carrying amount allocated to
the part derecognised; and (2) the sum of the consideration received for the part derecognised and any
cumulative gain or loss allocated to the part derecognised which has been previously recognised in other
comprehensive income, is recognised in profit or loss.
18
SHANGHAI JINJIANG INTERNATIONAL TRAVEL COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2016
III. SIGNIFICANT ACCOUNTING POLICIES AND ACCOUNTING ESTIMATES - continued
9. Financial instruments - continued
9.5 Classification, recognition and measurement of financial liabilities
Financial instruments issued by the Group are classified in accordance with the economic substance of the
contractual arrangements instead of the legal form merely, as well as the definitions of a financial liability and
an equity instrument; on initial recognition, financial instruments or their component parts are classified as
either financial liabilities or equity instruments.
On initial recognition, financial liabilities are classified into financial liabilities at fair value through profit or
loss and other financial liabilities. All financial liabilities of the Group are other financial liabilities.
Other financial liabilities
Derivative financial liabilities linked to and which must be settled by delivery of an unquoted equity instrument
(without a quoted price in an active market) whose fair value cannot be measured reliably is subsequently
measured at cost. Other financial liabilities are subsequently measured at amortised cost using the effective
interest method; gains or losses arising from derecognition or amortisation is recognised in profit or loss for the
period. The Group holds no guarantee contract.
9.6 Derecognition of financial liabilities
The Group derecognises a financial liability (or part of it) only when the underlying present obligation (or part of
it) is discharged. An agreement between the Group (an existing borrower) and an existing lender to replace the
original financial liability with a new financial liability with substantially different terms is accounted for as an
extinguishment of the original financial liability and the recognition of a new financial liability.
When the Group derecognises a financial liability or a part of it, the Group recognises the difference between the
carrying amount of the financial liability (or part of the financial liability) derecognised and the consideration aid
(including any non-cash assets transferred or new financial liabilities assumed) in profit or loss for the period.
9.7 Derivatives
Derivative financial instruments referes to forward exchange contracts. Derivatives are initially measured at fair
value at the date when the derivative contracts are entered into and are subsequently re-measured at fair value.
The changes in fair value are recognised in profit or loss.
9.8 Offsetting a financial asset and a financial liability
When the Group has a legal right that is currently enforceable to set off the recognised financial assets and
financial liabilities, and intends either to settle on a net basis, or to realise the financial asset and settle the financial
liability simultaneously, financial assets and financial liabilities are offset with the net amounts presented on the
balance sheet. Otherwise, financial assets and financial liabilities are separately presented on the balance sheet
without offsetting.
19
SHANGHAI JINJIANG INTERNATIONAL TRAVEL COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2016
III. SIGNIFICANT ACCOUNTING POLICIES AND ACCOUNTING ESTIMATES - continued
9. Financial instruments - continued
9.9 Equity instruments
An equity instrument is any contract that evidences a residual interest in the assets of the Group after deducting
all of its liabilities. Equity instruments issued (including refinanced), repurchased, sold or cancelled by the
Group are treated as changes in equity. Changes in the fair value of equity instruments are not recognised.
Transaction costs related to equity transactions are deducted from equity.
The Group's distribution to holders of equity instruments are treated as a distribution of profits, payment of
stock dividends does not affect total shareholders' equity.
10. Accounts receivable
10.1 Receivables that are individually significant and for which bad debt provision is individually assessed
The Group recognizes accounts receivable over RMB 5 million
Determining basis or the standard
(including 5 million) as individually significant receivables. The
amount of individually significant
group recognizes other receivables over RMB 1 million (including
receivables
1 million) as individually significant other receivables.
Determining basis for individual The individually significant receivables are assessed based on
impairment testing item-by-item basis by the Group for impairment.
10.2 Accounts receivables that are not individually significant but are still tested for impairment individually
Reasons for individual impairment Considering risk factors including credit record, operation
testing position based on historical experience.
Method for impairment testing Individual identification method.
11. Inventories
11.1 Categories of inventories
Inventories comprise raw materials. Inventories are initially measured at cost. Cost of inventories comprises all
costs of purchase, costs of conversion and other expenditures incurred in bringing the inventories to their
present location and condition.
11.2 Valuation method of inventories upon delivery
The actual cost of inventories upon delivery is calculated using the weighted average method.
11.3 Basis for determining net realisable value of inventories and provision methods for decline in value of
inventories
At the balance sheet date, inventories are measured at the lower of cost and net realizable value. If the cost of
inventories is higher than the net realizable value, a provision for decline in value of inventories is recognized.
Net realizable value is the estimated selling price in the ordinary course of business less the estimated costs
necessary to make the sale and relevant taxes. The Group shall determine the net realizable value of inventories
based on solid evidence obtained and after taking into consideration the purpose for which the inventory is held,
and the effect of events occurring after the balance sheet date.
20
SHANGHAI JINJIANG INTERNATIONAL TRAVEL COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2016
III. SIGNIFICANT ACCOUNTING POLICIES AND ACCOUNTING ESTIMATES - continued
11. Inventories - continued
11.3 Basis for determining net realisable value of inventories and provision methods for decline in value of
inventories - continued
Provision for decline in value of other inventories is made based on the excess of cost of inventory over its net
realisable value on an item-by-item basis. For large quantity and low value items of inventories, provision for
decline in value is made based on categories of inventories. For items of inventories relating to a product line
that are produced and marketed in the same geographical area, have the same or similar end uses or purposes,
and cannot be practicably evaluated separately from other items in that product line, provision for decline in
value is determined on an aggregate basis.
After the provision for decline in value of inventories is made, if the circumstances that previously caused
inventories to be written down below cost no longer exist so that the net realisable value of inventories is higher
than their cost, the original provision for decline in value is reversed and the reversal is included in profit or loss
for the period.
11.4 Inventory count system
The perpetual inventory system is maintained for stock count.
12. Long-term equity investments
12.1 Criteria for determining joint control and significant influence
Control exists when the investor has power over the investee; is exposed, or has rights, to variable returns from
its involvement with the investee; and has the ability to use its power over the investee to affect its returns. Joint
control is the contractually agreed sharing of control of an arrangement, which exists only when decisions about
the relevant activities require the unanimous consent of the parties sharing control.Significant influence is the
power to participate in the financial and operating policy decisions of the investee but is not control or joint
control over those policies. When determining whether an investing enterprise is able to exercise control or
significant influence over an investee, the effects of potential voting rights of the investee (for example,
warrants and convertible debts) held by the investing enterprises or other parties that are currently exercisable or
convertible have been considered.
12.2 Determination of initial investment cost
For a long-term equity investment acquired through a business combination involving enterprises under
common control, the initial investment cost of the long-term equity investment is the attributable share of the
carrying amount of the shareholders' equity of the acquiree at the date of combination in the consolidated
financial statements of the ultimate controlling party. The difference between the initial investment cost and the
carrying amount of cash paid, non-cash assets transferred and liabilities assumed is adjusted to capital reserve.
If the balance of capital reserve is not sufficient, any excess is adjusted to retained earnings. If the consideration
of the combination is satisfied by the issue of equity securities, the initial investment cost of the long-term
equity investment is the attributable share of the carrying amount of the owners' equity of the acquiree in the
consolidated financial statements of the ultimate controlling party. The aggregate face value of the shares issued
is accounted for as share capital. The difference between the initial investment cost and the aggregate face value
of the shares issued is adjusted to capital reserve. If the balance of capital reserve is not sufficient, any excess is
adjusted to retained earnings.
For a long-term equity investment acquired through business combination not involving enterprises under
common control, the initial investment cost of the long-term equity investment is the cost of acquisition at the
date of combination.
21
SHANGHAI JINJIANG INTERNATIONAL TRAVEL COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2016
III. SIGNIFICANT ACCOUNTING POLICIES AND ACCOUNTING ESTIMATES - continued
12. Long-term equity investments - continued
12.2 Determination of initial investment cost - continued
The intermediary fees incurred by the absorbing party or acquirer such as audit, legal, valuation and consulting
fees, etc. and other related administrative expenses attributable to the business combination are recognised in
profit or loss when they are incurred.
The long-term equity investment acquired otherwise than through a business combination is initially measured
at its cost. When the entity is able to exercise significant influence or joint control (but not control) over an
investee due to additional investment, the cost of long-term equity investments is the sum of the fair value of
previously-held equity investments determined in accordance with Accounting Standard for Business
Enterprises No.22–Financial Instruments: Recognition and Measurement (CAS 22) and the additional
investment cost.
12.3 Subsequent measurement and recognition of profit and loss
12.3.1. Long-term equity investment accounted for using the cost method
Long-term equity investments in subsidiaries are accounted for using the cost method in the Company's separate
financial statements. A subsidiary is an investee that is controlled by the Group.
Under the cost method, a long-term equity investment is measured at initial investment cost. Additional or
recollected investment are for adjustment in long-term equity investment. Investment income is recognised in
the period in accordance with the attributable share of cash dividends or profit distributions declared by the
investee
12.3.2. Long-term equity investment accounted for using the equity method
Where the Group can exercise joint control or significant influence over the investee, a long-term equity
investment is accounted for using the equity method. Where an investing enterprise is able to exercise
significant influence over an investee, the investee is its associate. Where an investing enterprise can exercise
joint control over the investee, the investee is its jointly controlled enterprise.
Under the equity method, where the initial investment cost of a long-term equity investment exceeds the
Group’s interest in the fair values of the investee’s identifiable net assets at the acquisition date, no adjustment is
made to the initial investment cost. Where the initial investment cost is less than the Group’s interest in the fair
values of the investee’s identifiable net assets at the acquisition date, the difference is charged to profit or loss
for the current period, and the cost of the long-term equity investment is adjusted accordingly.
Under the equity method, the Group recognizes its share of the net profit or loss and other comprehensive
income of the investee for the period as investment income and other comprehensive income for the period.
Meanwhile, carrying amount of long-term equity investment is adjusted: the carrying amount of long-term
equity investment is decreased in accordance with its share of the investee’s declared profit or cash dividends;
Other changes in owners’ equity of the investee other than net profit or loss and other comprehensive income
are correspondingly adjusted to the carrying amount of the long-term equity investment, and recognized in the
capital reserve. The Group recognizes its share of the investee’s net profit or loss based on the fair value of the
investee’s individual identifiable assets, etc. at the acquisition date after making appropriate adjustments. When
the investors’ accounting policies and accounting period are inconsistent with those of the Company, the
Company recognises investment income and other comprehensive income after making appropriate adjustments
to conform to the Company's accounting policies and accounting period. However, unrealized gains or losses
resulting from the Group’s transactions with its associates and joint ventures, which does not constitute a
business, are eliminated based on the proportion attributable to the Group and then investment gains or losses or
is recognised. However, unrealized intra-group transactions between the Group and the investee are not offset
when it is part of the impairment loss of the transferred asset,
22
SHANGHAI JINJIANG INTERNATIONAL TRAVEL COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2016
III. SIGNIFICANT ACCOUNTING POLICIES AND ACCOUNTING ESTIMATES - continued
12. Long-term equity investments - continued
12.3 Subsequent measurement and recognition of profit and loss - continued
12.3.2. Long-term equity investment accounted for using the equity method - continued
The Group’s share of net losses of the investee is recognized to the extent that the carrying amount of the long-
term equity investment together with any long-term interests that in substance form part of the investor’s net
investment in the investee are reduced to zero. If the Group has to assume additional obligations, the estimated
obligation assumed is provided for and charged to the profit or loss as investment loss for the period. Where the
investee records profits in subsequent periods, the Group resumes recognizing its share of profits after setting
off profits against the unrecognized share of losses.
12.4 Disposal of long-term equity investments
On disposal of a long term equity investment, the difference between the proceeds actually received and the
carrying amount is recognized in profit or loss for the current period.
13. Investment properties
Investment properties are real estate primarily held for earning rental income or for capital appreciation, or both.
Generally, investment properties refer to leased out buildings.
An investment property is initially measured at cost. Subsequent expenditures incurred on an investment
property are recognized as cost of the investment property only when: 1) it is probable that economic benefits
associated with the investment property will flow to the Group; and 2) the cost of the investment property can
be measured reliably. Subsequent expenditures that fail to meet such recognition criteria are recognized in profit
or loss in the period in which they are incurred.
The Group uses the cost model for subsequent measurement of an investment property, and adopts the
depreciation policy consistent with that applicable to buildings. The Group's investment properties are
depreciated by 50 years, whose residual value is 5%.
When an investment property is sold, transferred, retired or damaged, the amount of any proceeds on disposal
net of the carrying amount and related taxes is recognized in profit or loss for the current period.
14. Fixed assets
14.1 Recognition criteria for fixed assets
Fixed assets are tangible assets that are held for use in the production or supply of services, for rental to others,
or for administrative purposes and have useful lives more than one accounting year. A fixed asset shall be
recognized only when both of the following conditions are satisfied: (1) it is probable that economic benefits
associated with the assets will flow to the enterprise; and (2) the cost of the assets can be measured reliably.
Fixed assets shall be initially measured at cost.
Subsequent expenditures incurred for a fixed asset is included in the cost of the fixed asset, only if it is probable
that economic benefits associated with the asset will flow to the Group and the relevant cost can be measured
reliably; meanwhile the carrying amount of the replaced part is derecognized. Other subsequent expenditure that
fails to meet the capitalization criteria is charged to profit or loss when incurred.
23
SHANGHAI JINJIANG INTERNATIONAL TRAVEL COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2016
III. SIGNIFICANT ACCOUNTING POLICIES AND ACCOUNTING ESTIMATES - continued
14. Fixed assets - continued
14.2 Depreciation method
Depreciation is provided to write off the cost of each category of fixed assets over their estimated useful lives
from the month after they are brought to working condition for the intended use, using the straight-line method.
The useful lives, estimated net residual values rates and annual depreciation rates of each class of fixed assets
are as follows:
Depreciation Residual value Annual depreciation
Category of fixed assets
period (years) (%) rates (%)
Buildings 20-50 5-10 1.8-4.75
Plant and machinery 5-20 5-10 4.5-19
Electronic equipment, furniture and fixtures 5-10 5-10 9.0-19
Transportation vehicles 5-8 5-10 11.5-19
Decoration expenditure 5 0 20
Estimated net residual value of a fixed asset is the estimated amount that the Group would currently obtain from
disposal of the asset, after deducting the estimated costs of disposal, if the asset were already of the age and in
the condition expected at the end of its useful life.
14.3 Other explanations
The carrying amount of a fixed asset shall be derecognized when one of the following conditions is met: (1) on
disposal; or (2) when no future economic benefits are expected to be generated from its use or disposal. When a
fixed asset is sold, transferred, retired or damaged, the Group recognizes the amount of any proceeds on
disposal of the asset net of the carrying amount and related taxes in profit or loss for the current period.
The Group shall review the useful life and estimated net residual value of a fixed asset and the depreciation
method applied at least at each financial year-end. A change in the useful life or estimated net residual value of a
fixed asset or the depreciation method used shall be accounted for as a change in an accounting estimate.
15. Construction in progress
Construction in progress shall be initially measured at cost including the expenditure actually incurred for the
construction, comprising all expenditure incurred for construction projects, and other related expenses.
Construction in progress is not subject to depreciation. Construction in progress is reclassified as fixed assets,
intangible assets or long-term deferred expenses when it has reached working condition for its intended use.
16. Intangible assets
Intangible assets include software.
An intangible asset is initially measured at cost. An intangible asset with a finite useful life is amortized using
the straight-line method over its useful life when the asset is available for use. An intangible asset with an
indefinite useful life is not amortized.
Type Amortization Method Useful Life (Year) Residual Value (%)
Software Straight-line Method 3-5 0
For an intangible asset with a finite useful life, the Group reviews the useful life and amortization at each
financial year-end and adjustment shall be made when necessary.
24
SHANGHAI JINJIANG INTERNATIONAL TRAVEL COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2016
III. SIGNIFICANT ACCOUNTING POLICIES AND ACCOUNTING ESTIMATES - continued
17. Long-term prepaid expenses
Long-term prepaid expenses are various expenditures incurred but that should be allocated over the current and
future periods of more than one year. Long-term prepayments are evenly amortized over the respective
beneficial period.
Class Beneficial Period (Year) Annual Amortization Rate (%)
Renovation expenditure for fixed assets 3-5 20-33.33
under operating leases
18. Impairment of long-term assets
The Group reviews the long-term equity investments, investment properties, fixed assets, construction in
progress, intangible assets with finite useful life, and decoration expenditure for fixed assets under operating
leases at each balance sheet date to determine whether there is any indication that they have suffered an
impairment loss. If an impairment indication exists, the recoverable amount is estimated. Intangible assets with
indefinite useful life and intangible assets not yet available for use are tested for impairment annually,
irrespective of whether there is any indication that the assets may be impaired.
Recoverable amount is estimated on individual basis. If it is not practical to estimate the recoverable amount of
an individual asset, the recoverable amount of the asset group to which the asset belongs will be estimated. The
recoverable amount of an asset or asset group is the higher of its fair value less costs of disposal and the present
value of the future cash flows expected to be derived from the asset or asset group.
If such recoverable amount is less than its carrying amount, a provision for impairment losses in respect of the
deficit is recognised in profit or loss for the period.
For the purpose of impairment testing, goodwill is considered together with the related assets group(s), i.e.,
goodwill is reasonably allocated to the related assets group(s) or each of assets group(s) expected to benefit
from the synergies of the combination. An impairment loss is recognised if the recoverable amount of the assets
group or sets of assets groups (including goodwill) is less than its carrying amount. The impairment loss is
firstly allocated to reduce the carrying amount of any goodwill allocated to such assets group or sets of assets
groups, and then to the other assets of the group pro-rata on the basis of the carrying amount of each asset (other
than goodwill) in the group.
Once an impairment loss is recognised for above mentioned assets, it will not be reversed in any subsequent
period.
19. Employee Benefits
19.1 Accounting Treatment for Short-term Employee Benefits
In the accounting period in which an employee has rendered services except for compensation to employees for
termination of employment relationship, the Group recognises the employee benefits for those services as a
liability and included in profit or loss or cost of related assets. Employee benefits incurred by the Group are
included in profit or loss or cost of related assets. Employee benefits are measured at fair value when it is non-
monetary asset.
Expenditures related to payments for employees' social welfare system established by the state, including
pensions, medical insurance, maternity insurance and housing fund as well as union running cost and employee
education expense, are included in the cost of related assets or profit or loss for the period in which they are
incurred and recognized as a liability.
25
SHANGHAI JINJIANG INTERNATIONAL TRAVEL COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2016
III. SIGNIFICANT ACCOUNTING POLICIES AND ACCOUNTING ESTIMATES - continued
19. Employee Benefits - continued
19.2 Accounting Treatment for Post-employment Benefits
Post-employment benefits are all defined contribution plan.
Contributions payable arising from defined contribution plan is recognized as a liability and included in profit
or loss or cost of related assets in which employees provided services to the Group.
19.3Accounting Treatment for termination benefits
When the Group provides termination benefit to employees, a liability is recognized at the earlier of the following
conditions: when the Group can no longer unilaterally withdraw the offer of the termination benefit and when the
Group recognizes any related restructuring costs or expenses.
20. Provision
Provisions are recognised when the Group has a present obligation related to a contingency, provided that it is
probable that an outflow of economic benefits will be required to settle the obligation, and the amount of the
obligation can be measured reliably.
The amount recognised as a provision is the best estimate of the consideration required to settle the present
obligation at the balance sheet date, taking into account factors pertaining to a contingency such as the risks,
uncertainties and time value of money. Where the effect of the time value of money is material, the amount of
the provision is determined by discounting the related future cash outflows.
21. Revenue
21.1 Revenue arising from the rendering of services
Where the outcome of a transaction involving the rendering of services can be estimated reliably, revenue
associated with the transaction is recognized upon the basis of the percentage of completion method. The stage
of completion of a transaction involving the rendering of services is determined according to the proportion of
services performed to date to the total services to be performed. Where the outcome of a transaction involving
the rendering of services cannot be estimated reliably, revenue is recognised to the extent of costs incurred that
are expected to be recoverable and the service costs incurred are recognised as expenses for the current period;
where the costs incurred are not expected to be recoverable, no service revenue is recognised.
21.2 Revenue from the sale of goods
Revenue from sale of goods is recognised when (1) the Group has transferred to the buyer the significant risks
and rewards of ownership of the goods; (2) the Group retains neither continuing managerial involvement to the
degree usually associated with ownership nor effective control over the goods sold; (3) the amount of revenue
can be measured reliably; (4) it is probable that the associated economic benefits will flow to the Group; and (5)
the associated costs incurred or to be incurred can be measured reliably
22. Government grants
Government grants are the transfer of monetary assets or non-monetary assets from the Government to the
Group at no consideration. Government grants are either assets related or income related.
Government grants are only recognized when all conditions of the grant are satisfied. If a government grant is in
the form of a transfer of a monetary asset, the item is measured at the amount received or receivable.
26
SHANGHAI JINJIANG INTERNATIONAL TRAVEL COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2016
III. SIGNIFICANT ACCOUNTING POLICIES AND ACCOUNTING ESTIMATES - continued
22. Government grants - continued
The Determination of Income Related Government Grants and Accounting Treatment
The government grants for the group mainly consist of financial grants from local district government, industry
supporting fund and grants related to yellow label vehicle retirement. Since these grants are not related to assets,
they are classified as income related grants.
For a government grant related to income, if the grant is a compensation for related expenses or losses to be
incurred in subsequent periods, the grant is recognized as deferred income, and recognized in profit or loss over
the periods in which the related costs are recognized; if the grant is a compensation for related expenses or
losses already incurred, the grant is recognized immediately in profit or loss for the current period.
23. Income tax expense
Income tax expense includes current income tax and deferred income tax.
23.1 Current income tax
At the balance sheet date, current income tax liabilities (or assets) for the current and prior periods are measured
at the amount expected to be paid (or recovered) according to the requirements of tax laws.
23.2 Deferred tax assets and deferred tax liabilities
Temporary differences arising from the difference between the carrying amount of an asset or liability and its
tax base, or the difference between the tax base and the carrying amount of those items that are not recognised
as assets or liabilities but have a tax base that can be determined according to tax laws, are recognised as
deferred tax assets and deferred tax liabilities using the balance sheet liability method.
Deferred tax is generally recognised for all temporary differences. Deferred tax assets for deductible temporary
differences are recognised to the extent that it is probable that taxable profits will be available against which the
deductible temporary differences can be utilised. However, for temporary differences associated with the initial
recognition of goodwill and the initial recognition of an asset or liability arising from a transaction (not a
business combination) that affects neither the accounting profit nor taxable profits (or deductible losses) at the
time of transaction, no deferred tax asset or liability is recognised .
For deductible losses and tax credits that can be carried forward, deferred tax assets are recognised to the extent
that it is probable that future taxable profits will be available against which the deductible losses and tax credits
can be utilised .
For taxable temporary differences associated with investments in subsidiaries, associates and joint ventures,
unless the Group is able to control the timing of the reversal of the temporary difference and it is probable that
the temporary difference will not reverse in the foreseeable future, the Group does not recognise the
corresponding deferred tax liability. The Group does not recognise the corresponding deferred tax asset for
deductible temporary differences associated with investments in subsidiaries, associates and joint ventures,
except when both of the following conditions are satisfied: (1) it is probable that the temporary difference will
be reversed in the foreseeable future; and (2) it is probable that taxable profits will be available in the future,
against which the temporary difference can be utilised.
At the balance sheet date, deferred tax assets and deferred tax liabilities are measured at the tax rates that are
expected to apply to the period when the asset is realised or the liability is settled, according to the tax laws.
27
SHANGHAI JINJIANG INTERNATIONAL TRAVEL COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2016
III. SIGNIFICANT ACCOUNTING POLICIES AND ACCOUNTING ESTIMATES - continued
23. Income tax expense - continued
23.2 Deferred tax assets and deferred tax liabilities - continued
Current and deferred tax expenses or income are recognised in profit or loss for the period, except when they
arise from transactions or events that are directly recognised in other comprehensive income or in shareholders'
equity, in which case they are recognised in other comprehensive income or in shareholders' equity; and when
they arise from business combinations, in which case they adjust the carrying amount of goodwill.
At the balance sheet date, the Group reviews the carrying amount of a deferred tax asset. If it is probable that
sufficient taxable profits will not be available in future periods to allow the benefit of the deferred tax asset to be
utilized, the carrying amount of the deferred tax asset is reduced. Any such reduction in amount is reversed
when it becomes probable that sufficient taxable profits will be available.
23.3 Offsetting income tax:
When the Group has a legal right to settle on a net basis and intends either to settle on a net basis or to realise
the assets and settle the liabilities simultaneously, current tax assets and current tax liabilities are offset and
presented on a net basis.
When the Group has a legal right to settle current tax assets and liabilities on a net basis, and deferred tax assets
and deferred tax liabilities relate to income taxes levied by the same taxation authority on either the same
taxable entity or different taxable entities which intend either to settle current tax assets and liabilities on a net
basis or to realise the assets and liabilities simultaneously, in each future period in which significant amounts of
deferred tax assets or liabilities are expected to be reversed, deferred tax assets and deferred tax liabilities are
offset and presented on a net basis.
24. Leases
A finance lease is a lease that transfers in substance all the risks and rewards incidental to ownership of an asset.
All other leases are classified as operating leases.
24.1 The Group as lessee under operating leases
Operating lease payments are recognised on a straight-line basis over the term of the relevant lease, and are
either included in the cost of related asset or charged to profit or loss for the period. Initial direct costs incurred
are charged to profit or loss for the period. Contingent rents are charged to profit or loss in the period in which
they are actually incurred
24.2 The Group as lessor under operating leases
Rental income from operating leases is recognised in profit or loss on a straight-line basis over the term of the
relevant lease. Initial direct costs with more than an insignificant amount are capitalised when incurred, and are
recognised in profit or loss on the same basis as rental income over the lease term. Other initial direct costs with
an insignificant amount are charged to profit or loss in the period in which they are incurred. Contingent rents
are charged to profit or loss in the period in which they actually arise.
28
SHANGHAI JINJIANG INTERNATIONAL TRAVEL COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2016
IV. CRITICAL JUDGMENTS IN APPLYING ACCOUNTING PLOCIES AND KEY ASSUMPTIONS AND
UNCERTAINTIES IN ACCOUNTING ESTIMATES
In the application of accounting policies as set out above, the Group is required to make judgements, estimates
and assumptions about the carrying amounts of items in the financial statements that cannot be measured
accurately, due to the internal uncertainties of the operating activities. These judgements, estimates and
assumptions are based on historical experience of the Group's management as well as other factors that are
considered to be relevant. Actual results may differ from these estimates.
The Group regularly reviews the above judgments, estimates and assumptions based on the going concern
assumption and recognizes changes in the period over which changes of accounting estimates affects, and
recognizes those changes in both periods when they affect both the current period and future periods.
Significant Accounting Estimates and key Assumptions
The following are the critical judgments that the Group has made in the process of applying the accounting
policies and that have the most significant effect on the amounts recognized in financial statements:
Useful life of fixed assets and expected net residual value of fixed assets and investment properties
Management of the Group is responsible for the assessment and determination of the useful life and expected
residual value of fixed assets. The estimation of useful lives of fixed assets is based on past experience on the
actual useful lives of fixed assets with similar nature and functions. During the useful life of a fixed asset, its
economic environment, technical environment and other factors may have significant impact on its useful life
and expected residual value. Management will make adjustments to useful life and expected residual value if the
revised estimates differ from the original ones.
Deferred tax assets and liabilities
Deferred tax assets and liabilities are calculated based on the estimated future income tax rate at the time the
group is expected to get the assets or pay the liabilities. The estimated future income tax rate is determined by
the current income tax law and the Group’s current financial condition. If the estimated future income tax rate
differs from the original estimate, the Group will make proper adjustments.
Deferred tax assets are limited by the taxable income, which is probably able to deduct temporary difference. If
it is unable to obtain sufficient taxable profit to utilize the deductible temporary differences, the Group's
management will write down the carrying value of deferred tax assets.
Since it is assumed unlikely to utilize the deductible losses and deductible temporary differences, the Group
remains parts of deducible losses and deductible temporary differences unrecognized as deferred tax assets. If
the actual profits generates exceed what estimated, the Group may recognize deferred tax assets and record
deferred tax income in the consolidated income statement accordingly.
Accounts Receivable Impairment
Management of the Group determines the likelihood to collect receivables and estimates related allowance for
doubtful accounts. If any factor indicates that an amount is uncollectible, the Group would recognize allowance
for doubtful accounts based on estimates. If the expected allowance is different from the original estimate, the
difference would impact the book value of accounts receivable and impairment loss.
29
SHANGHAI JINJIANG INTERNATIONAL TRAVEL COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2016
V. TAXES
1. Major categories of taxes and tax rates
Category of tax Basis of tax computation Tax rate
Immovable properties under the operating lease service rendered by the 5%
Company are those obtained prior to 30 April 2016, and are subject to
simple tax method at 5% taxable income without considering sales
turnover.
Shanghai Jinjiang International Green Holiday Travel Co., Ltd., as a 3%
small-scale taxpayer, pays VAT at 3% of the pre-tax sales turnover.
Transportation services rendered by Shanghai Jinjiang International 11%
Travel Company Limited Motor Caravan Branch are levied VAT at 11%
Value added tax of the pre-tax sales turnover.
All other services rendered by the Company, which mainly refers to
tourism services, are levied VAT subject to 6% of the pre-tax sales
turnover which is calculated at the balance of all obtained price plus fees
besides the price, after deducting expenses spending on accommodation,
catering, transportation, visa and admission tickets that are collected 6%
from the tourism service purchaser and paid to other entitles and
individuals as well as tourism expenses paid to other tourism enterprise
who have received tourism groups.
Tourism income after deducting non-deductible cost. 5%
Business tax
(Note1)
Urban maintenance The actual value-added tax and business tax paid out 7%
and construction tax
Taxable income 25% or 10%
Income tax
(Note 2)
Note 1: For the period from 1 January 2016 to April 30 2016, revenues from tourism service business and real
estate lease business rendered by travel agencies subordinated to the Company are levied business tax.
According to Notice on Full Launch of the Pilot Scheme on Levying Value-added Tax in Place of Business
Tax (Cai Shui [2016] No. 36), as tourism service business and real estate lease business have been
included in life-support service industry and modern service industry respectively since 1 May 2016,
VAT is applicable to be levied for such businesses.
Note 2: The income tax rates of Shanghai Jinjiang Overseas Affairs Services Co., Ltd. and Shanghai CITS Tour
Guide Service Co., Ltd, Shanghai Travel Property Management Co., Ltd are 10%. The tax rates of the
Company and other subsidiaries within the scope of consolidated financial statements are 25%.
Note 3: According to the Notice on Issuing Provisions concerning VAT Accounting (Cai Kuai [2016] No.22)
enacted by the Ministry of Finance, the Group has presented as other current assets for the debit balance
of non-deducted input VAT and overpaid VAT as of 31 December 2016, and recognized as taxes and
levies for real estate tax, city construction and maintenance tax, stamp tax and other taxes incurred for
the period from 1 May 2016 to 31 December 2016.
30
SHANGHAI JINJIANG INTERNATIONAL TRAVEL COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2016
VI. NOTES TO ITEMS IN THE CONSOLIDATED FINANCIAL STATEMENTS
1. Cash and bank balances
Unit: RMB
31/12/2016 31/12/2015
Item Foreign Exchange RMB Foreign Exchange RMB
Currency rate Currency rate
Cash: 162,223.52 127,404.70
RMB 162,223.52 127,404.70
Cash deposit: 215,946,819.04 284,292,638.84
RMB 206,677,009.19 278,906,431.51
USD 1,089,895.77 6.9370 7,560,606.94 416,724.15 6.4936 2,706,039.85
JPY 909,050.51 0.0596 54,171.23 3,710,211.00 0.0548 203,482.93
AUD 1,293.71 5.0157 6,488.86 1,316.80 4.7276 6,225.31
EUR 225,617.62 7.3068 1,648,542.82 348,187.40 7.0952 2,470,459.24
Other Currency 269,330,936.65 156,475,160.84
Funds(Note)
RMB 269,330,936.65 156,475,160.84
Total 485,439,979.21 440,895,204.38
Note: At 31 December, 2016, the balance of other currency funds includes:
(1) Profit guaranteed deposits of RMB250,000,000.00 (31/12/2015: RMB150,000,000.00);
(2) Restricted travel agency quality assurance deposits, restricted bank deposits for credit business and
other cash equivalents of RMB 5,230,936.65 (31/12/2015: RMB 6,475,160.84);
(3) Pledged time deposit RMB14,100,000.00 (31/12/2015: RMB nil).
2. Accounts receivable
(1) Disclosure of accounts receivable by categories:
Unit: RMB
31/12/2016 31/12/2015
Carrying value Bad debt provision Net value Carrying value Bad debt provision Net value
Item
Amount % Amount % Amount Amount % Amount % Amount
Individually significant
receivables with bad debt
13,838,769.82 16.94 - - 13,838,769.82 - - - - -
provision recognized
individually
Individually insignificant
receivables with bad debt
67,874,859.34 83.06 1,959,767.40 2.89 65,915,091.94 67,418,536.89 100.00 3,472,889.09 5.15 63,945,647.80
provision recognized
individually
Total 81,713,629.16 100.00 1,959,767.40 2.40 79,753,861.76 67,418,536.89 100.00 3,472,889.09 5.15 63,945,647.80
(2) Accrual, recovery or reversal and write-offs of bad debt provision in the year
Unit: RMB
2016 2015
Opening balance 3,472,889.09 4,111,293.39
Accrual - 1,352.73
Reversal (1,513,121.69) (639,757.03)
Closing balance 1,959,767.40 3,472,889.09
31
SHANGHAI JINJIANG INTERNATIONAL TRAVEL COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2016
VI. NOTES TO ITEMS IN THE CONSOLIDATED FINANCIAL STATEMENTS - continued
2. Accounts receivable - continued
(3) Top five entities with the largest balances of accounts receivable
Unit: RMB
Name Book Value Provision Net Book Value Proportion (%)
Client A 7,186,533.60 - 7,186,533.60 9.01
Client B 6,652,236.22 - 6,652,236.22 8.34
Client C 4,214,440.81 - 4,214,440.81 5.28
Client D 3,014,122.26 - 3,014,122.26 3.78
Client E 2,884,439.29 - 2,884,439.29 3.62
Total 23,951,772.18 - 23,951,772.18 30.03
3. Prepayments
(1) The aging analysis of prepayments is as follows:
Unit: RMB
31/12/2016 31/12/2015
Aging
Amount Proportion (%) Amount Proportion (%)
Within 1 year 65,864,402.98 98.08 70,112,285.12 100.00
1 to 2 year 1,286,961.00 1.92 - -
Total 67,151,363.98 100.00 70,112,285.12 100.00
(2) Top five entities with the largest balances of prepayments
Unit: RMB
Name Amount Proportion
Supplier A 2,796,387.00 4.16
Supplier B 2,731,250.00 4.07
Supplier C 1,818,000.00 2.71
Supplier D 1,680,697.00 2.50
Supplier E 1,659,755.44 2.47
Total 10,686,089.44 15.91
4. Other receivables
(1) Disclosure of accounts receivable by categories:
Unit: RMB
31/12/2016 31/12/2015
Book Value Bad debt provision Net Book Value Book Value Bad debt provision Net Book Value
Item
Ratio Ratio Ratio Ratio
Amount Amount Amount Amount Amount Amount
(%) (%) (%) (%)
Individually significant
accounts receivable and
1,300,000.00 13.12 - - 1,300,000.00 3,350,000.00 29.81 - - 3,350,000.00
bad debt provision
recognized individually
Individually insignificant
accounts receivable but
8,605,021.35 86.88 2,200.00 0.03 8,602,821.35 7,887,623.94 70.19 2,200.00 0.03 7,885,423.94
bad debt provision
recognized individually
Total
9,905,021.35 100.00 2,200.00 0.02 9,902,821.35 11,237,623.94 100.00 2,200.00 0.02 11,235,423.94
(2) There is no movement in balance of provision for other receivables.
32
SHANGHAI JINJIANG INTERNATIONAL TRAVEL COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2016
VI. NOTES TO ITEMS IN THE CONSOLIDATED FINANCIAL STATEMENTS - continued
4. Other receivables - continued
(3) Other receivables by nature:
Unit: RMB
Nature 31/12/2016 31/12/2015
Security deposits 6,965,136.56 6,977,744.91
Business revolving fund 536,572.50 1,830,180.60
Others 2,401,112.29 2,427,498.43
Total 9,902,821.35 11,235,423.94
(4) Top five entities with the largest balances of other receivables
Unit: RMB
Name Book Value Provision Book Value Proportion (%)
Company A 1,300,000.00 - 1,300,000.00 13.13
Company B 480,000.00 - 480,000.00 4.85
Company C 435,846.00 - 435,846.00 4.40
Company D 306,641.62 - 306,641.62 3.09
Company E 300,000.00 - 300,000.00 3.03
Total 2,822,487.62 - 2,822,487.62 28.50
5. Inventories
(1) By category
Unit: RMB
31/12/2016 31/12/2015
Provision for Provision for
Item Carrying Carrying
Cost the decline in Cost the decline in
amount amount
value value
Raw material 441,746.79 141,841.51 299,905.28 449,550.54 141,841.51 307,709.03
Total 441,746.79 141,841.51 299,905.28 449,550.54 141,841.51 307,709.03
(2) In this reporting period, there is no change in the provision of impairment loss of inventories.
6. Other current assets
Unit: RMB
Item 2016 2015
Prepaid income tax - 1,668,629.53
7. Available-for-sale financial assets
(1) Category
Unit: RMB
31/12/2016 31/12/2015
Category
Book Value Provision Net Book Value Book Value Provision Net Book Value
AFS
-measured at fair value 730,425,794.60 - 730,425,794.60 923,383,340.47 - 923,383,340.47
-measured at cost 57,508.00 - 57,508.00 57,508.00 - 57,508.00
Total 730,483,302.60 - 730,483,302.60 923,440,848.47 - 923,440,848.47
The fair value at the end of the year is determined with reference to the closing price of the Shanghai Stock
Exchange and Shenzhen Stock Exchange on 31 December 2016.
33
SHANGHAI JINJIANG INTERNATIONAL TRAVEL COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2016
VI. NOTES TO ITEMS IN THE CONSOLIDATED FINANCIAL STATEMENTS - continued
7. Available-for-sale financial assets - continued
(2) AFS measured at fair value at the year-end
Unit: RMB
Category Available-for-sale equity instruments
Cost of equity instruments 122,062,482.41
Fair Value 730,425,794.60
Fair value change included in Other Comprehensive Income 456,272,484.16
Impairment accrued -
Unit: RMB
Number of
Number of
Name of the invested Stock Shares held at 31 December Changes in fair Disposal for the 31 December
Shares held at
companies Code beginning of 2015 value year 2016
year end
the year
Shanghai Pudong Development
600000 28,214,523 515,479,335.21 (15,912,206.01) (96,165,474.45) 403,401,654.75 24,885,975
Bank (Note 1)
Bank of Communications 601328 30,647,500 197,369,900.00 (20,533,825.00) - 176,836,075.00 30,647,500
Yuyuan Tourist Mart 600655 11,954,830 193,190,052.80 (56,665,894.20) - 136,524,158.60 11,954,830
Shenwan Hongyuan (Note 2) 000166 1,619,426 17,344,052.46 (3,680,146.21) - 13,663,906.25 2,186,225
Total 923,383,340.47 (96,792,071.42) (96,165,474.45) 730,425,794.60
Note 1: In the reporting period, Shanghai Pudong Development Bank distributed a stock dividend of 1 share for
every 10 shares. In the reporting period, the company sold 6,000,000 shares of Shanghai Pudong
Development bank.
Note 2: In the reporting period, Shenwan Hongyuan distributed a stock dividend of 3.5 shares for every 10
shares.
34
SHANGHAI JINJIANG INTERNATIONAL TRAVEL COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2016
VI. NOTES TO ITEMS IN THE CONSOLIDATED FINANCIAL STATEMENTS - continued
8. Long-term equity investments
Unit: RMB
Changes in the year
Ownership Dividend or Provision
Initial Investment Other
Investee in Investee 31/12/2015 Additional Reduction in OCI profit 31/12/2016 Balance at
Investment Income by Changes in Provision Other
(%) Investment Investment Adjustments distributed or year end
Equity Method Equity
declared
Joint ventures
Shanghai Jinjiang Business
and Travel Auto Service 20,020,020.00 20.00 51,271,011.02 - - 5,766,685.02 - - - - - 57,037,696.04 -
Co.,Ltd.
Shanghai Huangpu River
13,360,284.59 20.00 10,600,881.35 - - 1,723,174.27 - - - - - 12,324,055.62 -
Cruise Co., Ltd.
China Oriental International
3,920,000.00 49.00 261,448.66 - - 7,452.47 - - - - - 268,901.13 -
Travel & Transport Co., Ltd
Shanghai Waihang
International Travel Service 1,050,000.00 30.00 3,642,635.43 - - 67,197.67 - - (150,000.00) - - 3,559,833.10 -
Co., Ltd.
Shanghai Oneday Travel
800,000.00 22.86 323,833.05 - - (202,974.97) - - - - - 120,858.08 -
Service Co., Ltd.
Shanghai Juxing Property
246,500.00 24.65 1,016,017.66 - - 14,330.94 - - - - - 1,030,348.60 -
Management Co., Ltd.
Total 39,396,804.59 67,115,827.17 - - 7,375,865.40 - - (150,000.00) - - 74,341,692.57 -
35
SHANGHAI JINJIANG INTERNATIONAL TRAVEL COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2015
VI. NOTES TO ITEMS IN THE CONSOLIDATED FINANCIAL STATEMENTS - continued
9. Investment properties
Unit: RMB
Items Buildings
Book Value
31/12/2015 215,411,094.17
31/12/2016 215,411,094.17
Accumulated Depreciation
31/12/2015 73,027,055.85
Additions in the year –depreciation provided 4,139,961.72
31/12/2016 77,167,017.57
Impairment Provision
31/12/2015 -
31/12/2016 -
Net Book Value
31/12/2016 142,384,038.32
31/12/2015 138,244,076.60
10. Fixed assets
(1)Fixed assets
Unit: RMB
Electronic
Transportation
Item Buildings Plant and machinery equipment, furniture Decoration Total
equipment
and fixtures
I. Cost
1. 31/12/2015 75,225,368.10 10,613,605.48 4,424,086.50 11,271,587.56 9,930,945.40 111,465,593.04
2. Additions: Purchase - 152,195.26 98,296.00 - - 250,491.26
3. Decreases – Disposal or
- (322,273.89) (325,380.21) (678,813.00) - (1,326,467.10)
retirement
4. 31/12/2016 75,225,368.10 10,443,526.85 4,197,002.29 10,592,774.56 9,930,945.40 110,389,617.20
II.Accumulated Depreciation
1. 31/12/2015 28,250,891.98 7,913,347.57 3,280,256.70 5,120,262.69 5,400,665.80 49,965,424.74
2. Additions - Accruals 1,372,914.36 893,289.18 342,196.81 1,212,983.62 2,228,018.74 6,049,402.71
3. Decreases – Disposal or
- (299,973.67) (308,864.59) (644,872.35) - (1,253,710.61)
retirement
4. 31/12/2016 29,623,806.34 8,506,663.08 3,313,588.92 5,688,373.96 7,628,684.54 54,761,116.84
III.Provision for Impairment Loss
31/12/2015 - - - - - -
31/12/2016 - - - - - -
IV. Carrying Amount
31/12/2015 46,974,476.12 2,700,257.91 1,143,829.80 6,151,324.87 4,530,279.60 61,500,168.30
31/12/2016 45,601,561.76 1,936,863.77 883,413.37 4,904,400.60 2,302,260.86 55,628,500.36
- 36 -
SHANGHAI JINJIANG INTERNATIONAL TRAVEL COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2015
VI. NOTES TO ITEMS IN THE CONSOLIDATED FINANCIAL STATEMENTS - continued
10. Fixed assets – continued
(2)Fixed assets with no certificate
Unit: RMB
Item Value (NBV) Reason for not having certificates
A house located in Fengtai District, Beijing Since it is not commercial residential building, the municipal
100,917.53
government does not approve the certificate.
11. Construction in progress
(1) Details of construction in progress are as follows:
Unit: RMB
31/12/2016 31/12/2015
Item Provision for Provision for
Original Value Net Book Value Original Value Net Book Value
Impairment Loss Impairment Loss
System integration and improvement 601,910.37 - 601,910.37 206,250.00 - 206,250.00
Others 63,000.00 - 63,000.00 271,000.00 - 271,000.00
Total 664,910.37 - 664,910.37 477,250.00 - 477,250.00
(2) Movement of significant construction in progress
Unit: RMB
Including: Ratio of
Proportion of Cumulative
amount of interest
construction Construction amount of
Item Budget 31/12/2015 Addition Decrease 31/12/2016 interest capitalization Capital Source
investment in in progress interest
capitalization for this year
budget (%) capitalization
for this year (%)
System integration and improvement 1,000,000.00 206,250.00 395,660.37 - 601,910.37 60.19 In process - - - self-financed
Decoration project 163,476.00 - 163,476.00 163,476.00 - 100.00 Completed - - - self-financed
Others 443,732.00 271,000.00 - 208,000.00 63,000.00 N/A N/A - - - self-financed
Total 1,607,208.00 477,250.00 559,136.37 371,476.00 664,910.37 - - -
- 37 -
SHANGHAI JINJIANG INTERNATIONAL TRAVEL COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2016
VI. NOTES TO ITEMS IN THE CONSOLIDATED FINANCIAL STATEMENTS - continued
12. Intangible assets
(1)Intangible assets
Unit: RMB
Item Software
I. Cost
(1) 31/12/2015 7,183,002.28
(2) Additions – Purchase 41,500.00
(3) 31/12/2016 7,224,502.28
II.Accumulated Amortization
(1) 31/12/2015 6,007,252.24
(2) Additions – accrual of amortization 558,874.95
(3) 31/12/2016 6,566,127.19
III.Provision for impairment loss
(1) 31/12/2015 -
(2) 31/12/2016 -
IV.Carrying Value
(1) 31/12/2015 1,175,750.04
(2) 31/12/2016 658,375.09
13. Goodwill
Unit: RMB
31/12/2015 and
Investee
31/12/2016
Shanghai Jinjiang International Convention Co., Ltd(Note) 631,400.11
Note: At the end of this reporting period, the Group assessed the recoverable amount of the recognized goodwill
and determined that there was no impairment loss.
14. Long-term prepaid expenses
Unit: RMB
Item 31/12/2015 Transfer in from CIP Amortization 31/12/2016
Decoration expenditure of fixed
2,356,930.54 163,476.00 (868,766.65) 1,651,639.89
assets under operating leases
15. Deferred tax assets and deferred tax liabilities
Note: Deferred tax assets and deferred tax liabilities are not offset for presentation purpose.
(1) Recognized deferred tax assets and deferred tax liabilities
Unit: RMB
Item Closing balance of Closing balance of Opening balance of Opening balance of
Deductible and Taxable deferred tax assets or Deductible and Taxable deferred tax assets or
temporary differences liabilities temporary differences liabilities
Deferred tax assets:
Deductible losses 39,998,919.05 9,999,729.76 22,326,948.48 5,581,737.13
Total 39,998,919.05 9,999,729.76 22,326,948.48 5,581,737.13
Deferred tax liabilities:
Changes in fair value of Available-for-
608,363,312.19 152,090,828.03 784,182,270.56 196,045,567.64
sale financial assets
Fair value adjustment on non-current
assets in business combinations not 9,979.05 2,494.75 14,108.31 3,527.07
involving common control
Total 608,373,291.24 152,093,322.78 784,196,378.87 196,049,094.71
- 38 -
SHANGHAI JINJIANG INTERNATIONAL TRAVEL COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2016
VI. NOTES TO ITEMS IN THE CONSOLIDATED FINANCIAL STATEMENTS - continued
15. Deferred tax assets and deferred tax liabilities - continued
(1) Recognized deferred tax assets and deferred tax liabilities - continued
On the basis of future profit forecast, the Group recognizes deferred tax assets under the judgment that sufficient
taxable profits will be available in future periods to offset the deductible temporary differences and deductible
losses.
(2) Unrecognized deferred tax assets
Unit: RMB
Item 31/12/2016 31/12/2015
Deductible losses 25,847,337.74 14,644,382.73
Deductible temporary differences 2,105,049.41 3,863,592.47
Total 27,952,387.15 18,507,975.20
The Group has not recognized the items above as deferred tax assets due to the unpredictability of future
taxable profit.
(3) The deductible losses which are not recognized as deferred tax assets will expire as follows:
Unit: RMB
Period 31/12/2016 31/12/2015
2016 - 1,570,917.07
2017 838,833.00 838,833.00
2018 5,660,456.15 5,660,456.15
2019 2,856,651.19 2,856,651.19
2020 11,712,589.07 3,717,525.32
2021 4,778,808.33 -
Total 25,847,337.74 14,644,382.73
16. Other non-current assets
Unit: RMB
Item 31/12/2015 and 31/12/2016
Air-tickets-agent business deposit 2,100,000.00
Other deposits (Note) 866,851.80
Total 2,966,851.80
Note: Others represent deposits placed with Freight Forwarders Associations and deposits placed for
membership of golf course.
17. Accounts payable
(1) Details of accounts payables are as follows:
Unit: RMB
Item 31/12/2016 31/12/2015
Accounts payable for tourism 82,897,755.17 94,790,862.52
Others 5,852,469.24 6,308,380.96
Total 88,750,224.41 101,099,243.48
(2) There is no significant accounts payable aging greater than 1 year at the end of this reporting period.
- 39 -
SHANGHAI JINJIANG INTERNATIONAL TRAVEL COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2016
VI. NOTES TO ITEMS IN THE CONSOLIDATED FINANCIAL STATEMENTS - continued
18. Receipts in advance
(1) Details of receipts in advance are as follows:
Unit: RMB
Item 31/12/2016 31/12/2015
Advances from customers for tourism 168,681,275.38 159,343,358.96
Others 3,482,725.05 3,713,883.79
Total 172,164,000.43 163,057,242.75
(2)There is no significant receipts in advance aging greater than 1 year at the end of this reporting period.
19. Employee benefits payable
(1) Details for employee benefits payable
Unit : RMB
Item 12/31/2015 Additions Decreases 12/31/2016
1.Short-term employee benefits payable 17,647,377.06 141,814,596.81 (133,709,447.48) 25,752,526.39
2. Post-employment benefits – defined
997,950.59 17,241,403.85 (17,331,464.75) 907,889.69
contribution plan
Total 18,645,327.65 159,056,000.66 (151,040,912.23) 26,660,416.08
(2) Short-term employee benefits payables
Unit: RMB
Item 31/12/2015 Additions Decreases 31/12/2016
I. Wages or salaries, bonus, allowance,
17,039,947.39 101,407,889.73 (98,104,257.98) 20,343,579.14
subsidies
II.Staff welfare 86,249.00 8,308,394.67 (8,330,205.67) 64,438.00
III.Social security contributions 448,941.16 10,284,098.04 (10,334,997.84) 398,041.36
Including: medical insurance 404,201.25 9,182,757.03 (9,227,018.83) 359,939.45
Work injury insurance 14,950.50 258,980.75 (264,486.15) 9,445.10
Maternity insurance 29,789.41 842,360.26 (843,492.86) 28,656.81
IV.Housing fund - 9,466,312.00 (9,466,312.00) -
V.Labor union and employee education
72,239.51 1,877,516.30 (1,726,039.42) 223,716.39
costs
VI.Others - 10,470,386.07 (5,747,634.57) 4,722,751.50
Total 17,647,377.06 141,814,596.81 (133,709,447.48) 25,752,526.39
(3) Defined contribution plan
Unit: RMB
Items 31/12/2015 Additions Decreases 31/12/2016
1.Basic pension contribution 933,706.98 16,378,636.23 (16,452,110.33) 860,232.88
2.unemployment insurance 64,243.61 862,767.62 (879,354.42) 47,656.81
Total 997,950.59 17,241,403.85 (17,331,464.75) 907,889.69
The Group contributes to government-regulated basic pension plans and employment insurance plans. The Group
remits 14%, 20% or 21% and 1%, 1.5% of employees’ average monthly salaries of prior year to these plans
respectively. The Group has no additional obligations except these monthly remittance. These payments are
recognized in net income or costs of related assets as incurred.
The Group should remit RMB 16,378,636.23 and RMB 862,767.62 to pension plans and employment insurance
plans respectively this year (2015: RMB 18,078,228.83 and RMB 1,284,709.15). As at 31 December 2016, the
Group still need to pay RMB 860,232.88 and RMB 47,656.81 (2015: RMB 933,706.98 and RMB 64,243.61) to
the pension plans and employment insurance respectively. Related payments are paid after year end.
- 40 -
SHANGHAI JINJIANG INTERNATIONAL TRAVEL COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2016
VI. NOTES TO ITEMS IN THE CONSOLIDATED FINANCIAL STATEMENTS - continued
20. Taxes payable
Unit: RMB
Item 31/12/2016 31/12/2015
Income tax 8,289,007.69 7,987,251.79
VAT 1,535,304.42 -
Business tax - 424,336.56
Others 2,223,365.02 613,747.98
Total 12,047,677.13 9,025,336.33
21. Other payables
(1) Details of other payables are as follows by nature:
Unit: RMB
Item 31/12/2016 31/12/2015
Deposits 20,860,186.90 20,542,690.93
Advances 2,756,541.58 3,506,230.78
Labor costs 1,284,560.76 2,971,921.08
Others 14,893,499.92 13,275,441.47
Total 39,794,789.16 40,296,284.26
(2) At the end pf this reporting period, other payables aging more than 1 year mainly refers to deposit received,.
22. Share capital
Unit: RMB
Changes for the year Closing Balance
Opening balance New issue Bonus Capitalization Others Sub-
of share issue of surplus total
reserve
2016：
I. Restricted tradable
shares- State-owned legal 66,556,270.00 - - - - - 66,556,270.00
person shares
II. Tradable shares-Foreign
capital shares listed 66,000,000.00 - - - - - 66,000,000.00
domestically
III. Total shares 132,556,270.00 - - - - - 132,556,270.00
23. Capital reserve
Unit: RMB
Item Opening balance Addition Reduction Closing Balance
Capital premium - Capital invested by investors 166,391,273.66 - - 166,391,273.66
Other capital reserve - Transfer from capital
33,557,683.87 - - 33,557,683.87
reserve under the previous accounting system
Total 199,948,957.53 - - 199,948,957.53
- 41 -
SHANGHAI JINJIANG INTERNATIONAL TRAVEL COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2016
VI. NOTES TO ITEMS IN THE CONSOLIDATED FINANCIAL STATEMENTS - continued
24. Other Comprehensive Income
Unit: RMB
Changes in this reporting period
Less: amounts OCI to
Item Opening balance OCI before income Less: income OCI to controlling Closing balance
transferred into minority
taxes tax expenses shareholders
net income shareholders
OCIs that will be
transferred into profit 588,136,702.92 (96,792,071.42) 79,026,886.95 43,954,739.61 (131,864,218.76) - 456,272,484.16
or loss
Fair value changes in
588,136,702.92 (96,792,071.42) 79,026,886.95 43,954,739.61 (131,864,218.76) - 456,272,484.16
AFS financial assets
Total 588,136,702.92 (96,792,071.42) 79,026,886.95 43,954,739.61 (131,864,218.76) - 456,272,484.16
25. Surplus reserve
Unit: RMB
Item Opening balance Addition Reduction Closing Balance
Statutory surplus reserve 122,952,878.63 - - 122,952,878.63
Discretionary surplus reserve 24,845,963.53 - - 24,845,963.53
Total 147,798,842.16 - - 147,798,842.16
Pursuant to the PRC Company Law and Article of association, the Company appropriates 10% of net profit for
the year as statutory surplus reserve and may stop the appropriation when it reaches 50% of if share capital. The
statutory surplus reserve can be utilized to offset prior years’ losses or capitalized into share capital upon
approval. The discretionary surplus reserve fund can be utilized to offset prior years’ losses or capitalized into
share capital upon approval.
Closing balance of statutory surplus reserve of the Company is RMB122,952,878.63 representing 50% of the
capital. Therefore, no provision was made for the statutory surplus reserve for the reporting period.
26. Retained profits
Unit: RMB
Item 2016 2015
Retained profits at beginning of year 200,632,115.64 169,307,149.32
Add: Net profit attributable to owners of the parent for the
61,137,877.20 60,752,458.26
year
Less: Appropriation to statutory surplus reserve - -
Dividends payable of common shares (Note 1) 30,487,942.10 29,427,491.94
Retained profits at end of year(Note 2) 231,282,050.74 200,632,115.64
Note 1: Last year's cash dividends approved by shareholders' meeting during the year
On 26 May 2016, a resolution was approved by the general meeting of shareholders to distribute dividends RMB
2.3(tax included) per share for every ten shares on the basis of 132,556,270 issued shares, amounting to RMB
30,487,942.10.
Note 2: Profit distribution decided after the balance sheet date
On 28 March 2017, according to the proposal of the board of directors, RMB 2.32 (tax included) per share for
every ten shares on the basis of 132,556,270 issued shares will be distributed to all the shareholders for 2016. The
proposal is still up for approval of general meeting of shareholders of the Company.
- 42 -
SHANGHAI JINJIANG INTERNATIONAL TRAVEL COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2016
VI. NOTES TO ITEMS IN THE CONSOLIDATED FINANCIAL STATEMENTS - continued
27. Operating income and operating costs
(1) Operating income and operating costs
Unit: RMB
2016 2015
Item
Revenue Costs Revenue Costs
Principal business 1,882,277,277.75 1,758,161,105.06 2,255,327,714.98 2,092,416,976.72
Other business 25,253,864.51 9,844,036.72 24,859,607.62 9,483,255.56
Total 1,907,531,142.26 1,768,005,141.78 2,280,187,322.60 2,101,900,232.28
(2) Principal business (by industry)
Unit: RMB
2016 2015
Category
Revenue Costs Revenue Costs
Tourism and related business 1,874,612,284.74 1,752,574,747.78 2,245,931,555.68 2,085,304,202.36
Others 7,664,993.01 5,586,357.28 9,396,159.30 7,112,774.36
Total 1,882,277,277.75 1,758,161,105.06 2,255,327,714.98 2,092,416,976.72
(3) Principal business (by region)
Unit: RMB
2016 2015
Category
Revenue Costs Revenue Costs
Mainland China 1,774,583,252.90 1,666,514,578.63 2,136,311,724.51 1,988,688,807.78
Other regions outside Mainland 107,694,024.85 91,646,526.43 119,015,990.47 103,728,168.94
Total 1,882,277,277.75 1,758,161,105.06 2,255,327,714.98 2,092,416,976.72
(4) Other operating income
Unit: RMB
2016 2015
Category
Revenue Costs Revenue Costs
Rental revenue 15,885,589.19 4,890,729.81 15,127,906.12 4,886,005.55
Property lease service 9,368,275.32 4,953,306.91 9,731,701.50 4,597,250.01
Total 25,253,864.51 9,844,036.72 24,859,607.62 9,483,255.56
28. Taxes and levies
Unit: RMB
Item 2016 2015
Business tax 2,396,550.11 9,943,723.00
Property tax 2,438,384.29 2,155,935.96
Urban maintenance and construction tax 1,034,607.49 763,326.05
Education surcharge 834,920.08 552,825.09
Others 165,497.24 -
Total 6,869,959.21 13,415,810.10
29. Selling and distribution expenses
Unit: RMB
Item 2016 2015
Employee benefits 99,634,709.08 108,531,787.90
Operating Rental 3,946,490.08 5,995,342.69
Labor cost 6,019,084.07 5,039,064.03
Advertisement fee 5,766,626.60 4,312,082.35
Others 8,648,489.02 9,188,557.16
Total 124,015,398.85 133,066,834.13
- 43 -
SHANGHAI JINJIANG INTERNATIONAL TRAVEL COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2016
VI. NOTES TO ITEMS IN THE CONSOLIDATED FINANCIAL STATEMENTS - continued
30. Administrative expenses
Unit: RMB
Item 2016 2015
Employee benefits 39,715,956.20 42,264,210.78
Depreciation and amortization 5,808,792.85 6,204,783.47
Energy and supplies expense 2,477,258.09 2,959,667.01
Entertainment Expense 425,566.07 64,210.15
Others 10,937,715.68 12,209,641.36
Total 59,365,288.89 63,702,512.77
31. Financial expenses
Unit: RMB
Item 2016 2015
Interest Income (9,413,482.50) (12,735,817.07)
Exchange difference 2,276,227.34 430,422.08
Others 2,809,799.93 3,542,594.30
Total (4,327,455.23) (8,762,800.69)
32. Impairment losses (reversal) of assets
Unit: RMB
Item 2016 2015
Bad debt loss (Reversal) (1,513,121.69) (638,404.30)
33. Investment income
(1) Details of investment income are as follows:
Unit: RMB
Item 2016 2015
Investment income of long-term equity recognized
7,375,865.40 5,509,857.75
under equity method
Investment income on available-for-sale financial
24,359,796.55 33,913,587.21
assets
Investment income from disposal of financial assets
- 91,450.80
recognized in profit or loss at fair value
Investment gains on disposal of available-for-sale 79,026,886.95 46,238,060.13
financial assets
Total 110,762,548.90 85,752,955.89
- 44 -
SHANGHAI JINJIANG INTERNATIONAL TRAVEL COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2016
VI. NOTES TO ITEMS IN THE CONSOLIDATED FINANCIAL STATEMENTS - continued
33. Investment income - continued
(2) Investment income (Losses) on long-term equity investment under equity method:
Unit: RMB
Investee 2016 2015 Reason of change
Shanghai Jinjiang Business and Travel Auto more profit than last year due
Service Co., Ltd. 5,766,685.02 5,236,671.45
to increased operating income
Shanghai Huangpu River Cruise Co., Ltd. more profit than last year due
1,723,174.27 371,426.65
to increased operating income
China Oriental International Travel & Transport Co., Ltd. 7,452.47 12,120.03 in liquidation
Shanghai Waihang International Travel Service Co., Ltd. Business profit margin
decrease in tourism industry,
67,197.67 96,787.57
and profit is less than that of
prior year
Shanghai Oneday Travel Service Co., Ltd. Profit margin increase in
(202,974.97) (221,426.51) tourism industry, and loss of
the year decreases
Shanghai Juxing Property Management Co., Ltd. more profit than last year due
14,330.94 14,278.56
to increased operating income
Total 7,375,865.40 5,509,857.75
There is no significant restriction on remittance of the Group’s gains on investment.
(3) Investment income from available-for-sale financial assets during the holding period
Unit: RMB
Stock Name Stock Code 2016 2015
Shanghai Pudong Development Bank 600000 13,757,979.35 23,099,493.91
Bank of communications 601328 8,274,825.00 8,274,825.00
Shanghai YuYuan Tourist Mart 600655 2,032,321.10 2,510,514.30
Others 294,671.10 28,754.00
Total 24,359,796.55 33,913,587.21
Note: In the reporting period, Shanghai Pudong Development Bank distributed a cash dividend of RMB
5.15 for every 10 shares (2015: RMB 7.60) to all the shareholders; Bank of Communications
distributed a cash dividend of RMB 2.70 for every 10 shares (2015: RMB 2.70) to all the
shareholders; Shanghai YuYuan Tourist Mart distributed a cash dividend of RMB 1.70 for every 10
shares (2015: RMB 2.10) to all the shareholders.
(4) Gains on disposal of available-for-sale financial assets
Unit: RMB
2016 2015
AFS financial asset Stock Code
Sale of shares Gains Sale of shares Losses
Shanghai Pudong
600000 6,000,000 79,026,886.95 3,500,000 46,238,060.13
Development Bank
Total 79,026,886.95 46,238,060.13
- 45 -
SHANGHAI JINJIANG INTERNATIONAL TRAVEL COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2016
VI. NOTES TO ITEMS IN THE CONSOLIDATED FINANCIAL STATEMENTS - continued
34. Non-operating Income
(1) Details of non-operating income are as follows:
Unit: RMB
Extraordinary
Item 2016 2015 gains and losses
in current year
Government grants 6,902,884.60 4,640,299.80 6,902,884.60
Gains on disposal of fixed assets 297,373.88 125.00 297,373.88
Others 832,477.53 17,925.80 832,477.53
Total 8,032,736.01 4,658,350.60 8,032,736.01
(2) Details of government grants are as follows:
Unit: RMB
Related to assets /
Item 2016 2015
Related to income
Financial support funds 6,572,560.00 4,440,000.00 Related to income
Others 330,324.60 200,299.80 Related to income
Total 6,902,884.60 4,640,299.80
35. Non-operating expenses
Unit: RMB
Amount recognized in
Item 2016 2015 non-recurring profit or
loss
Losses on disposal of non-current assets 74,980.49 20,106.90 74,980.49
Others 396,878.54 2,686.44 396,878.54
Total 471,859.03 22,793.34 471,859.03
36. Income tax expense
Unit: RMB
Item 2016 2015
Current tax expense 17,193,605.14 8,929,099.63
Deferred tax expense income tax (4,419,024.95) (1,008,406.34)
Previous year supplementary payment (refund) income tax (372,192.96) (200,863.62)
Total 12,402,387.23 7,719,829.67
Reconciliation of income tax expenses to the accounting profit is as follows:
Unit: RMB
2016 2015
Accounting profit 73,439,356.33 67,891,651.46
Income tax expenses calculated at 25% 18,359,839.08 16,972,912.89
Effect of expenses that are not deductible for tax purposes 28,669.39 81,117.69
Effect of tax-free income (7,933,915.50) (9,885,172.74)
Effect of unrecognized deductible losses and deductible
2,323,696.26 768,455.33
temporary differences for tax purposes
Effect of different tax rates of subsidiaries operating
(3,709.04) (16,619.88)
in other jurisdictions
Previous year supplementary payment (refund) income tax (372,192.96) (200,863.62)
Total 12,402,387.23 7,719,829.67
- 46 -
SHANGHAI JINJIANG INTERNATIONAL TRAVEL COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2016
VI. NOTES TO ITEMS IN THE CONSOLIDATED FINANCIAL STATEMENTS - continued
37. Notes to items in the cash flow statements
(1) Other cash receipts relating to operating activities:
Unit: RMB
Item 2016 2015
Cash receipts from government grants 6,902,884.60 4,640,299.80
Cash receipts from interest income 2,808,092.09 2,724,385.56
Decrease of restricted monetary funds 1,400,000.00 700,046.72
Others 9,632,477.53 17,925.80
Total 20,743,454.22 8,082,657.88
(2) Other cash payments relating to operating activities
Unit: RMB
Item 2016 2015
Cash payments relating to selling and distribution
21,507,681.05 25,210,000.22
expenses/administrative expenses
Pledged time deposit(Note) 14,100,000.00 -
Cash payments relating to bank charges 2,809,799.93 3,542,594.30
Increase in other restricted currency funds 202,400.00 -
Others 3,801,765.79 1,485,460.04
Total 42,421,646.77 30,238,054.56
Note: In the reporting period, the company began to coorporate in the field of tourism with Shanghai
Disneyland Resort. According to related requirements, the company pledged two-year term deposits
amounted to RMB 12,000,000.00 and RMB 2,100,000.00 respectively in Shanghai Bund Branch of
ICBC for issuing letter of guarantee to Shanghai International Theme Park Co., Ltd and Shanghai
International Theme Park Facilities Co., Ltd, with the pledge right expired on 31 May 2017.
- 47 -
SHANGHAI JINJIANG INTERNATIONAL TRAVEL COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2016
VI. NOTES TO ITEMS IN THE CONSOLIDATED FINANCIAL STATEMENTS - continued
38. Supplementary information to the cash flow statements
(1) Supplementary information to the cash flow statements
Unit: RMB
Supplementary information 2016 2015
I. Reconciliation of net profit to cash flow from operating
activities:
Net profit 61,036,969.10 60,171,821.79
Add: Provision(Reversal) for asset impairment (1,513,121.69) (638,404.30)
Depreciation of fixed assets and investment property 10,189,364.43 10,624,189.74
Amortization of intangible assets 558,874.95 532,749.96
Amortization of long-term prepaid expenses 868,766.65 931,597.90
Gain or loss on disposal of fixed assets, intangible
(222,393.39) 19,981.90
assets and other long-term assets
Financial Expense (6,605,390.41) (10,011,431.51)
Investment losses (gains) (110,762,548.90) (85,752,955.89)
Decrease (Increase) in deferred tax assets (4,417,992.63) (1,007,374.02)
Increase (Decrease) in deferred tax assets (1,032.32) (1,032.32)
Decrease(Increase) in inventories 7,803.75 (1,506.29)
Decrease (Increase) in operating receivables (8,332,939.01) 19,178,578.75
Increase(Decrease) in operating payables 7,293,672.74 (25,299,829.29)
Decrease (Increase) in restricted cash (12,902,400.00) 700,046.72
Net cash flow from operating activities (64,802,366.73) (30,553,566.86)
II. Significant investing and financing activities that
do not involvecash receipts and payments:
III. Net changes in cash and cash equivalents:
Closing balance of cash and cash equivalents 216,596,205.61 284,953,830.78
Less: Opening balance of cash and cash equivalents 284,953,830.78 200,665,786.07
Net Increase (decrease) in cash and cash equivalents (68,357,625.17) 84,288,044.71
(2) Cash and cash equivalents
Unit: RMB
Item 31/12/2016 31/12/2015
I．Cash 216,596,205.61 284,953,830.78
Including: Cash on hand 162,223.52 127,404.70
Bank deposits that can be readily withdrawn 215,946,821.47 284,292,638.84
on demandOther cash and bank balances that can be readily 487,160.62 533,787.24
II．Closing
withdrawn balance of cash and cash equivalents 216,596,205.61 284,953,830.78
39、Assests restricted on ownership or on right to use
Unit: RMB
Carrying value at Reason for
Item
the year-end restriction
Cash and bank balances(Note VI. 1, Note VI. 37(2)) 14,100,000.00 Pledged
Total 14,100,000.00
- 48 -
SHANGHAI JINJIANG INTERNATIONAL TRAVEL COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2016
VII. EQUITY INTERESTS IN OTHER COMPANIES
1. Interests in subsidiaries
Subsidiaries of the Group(note 1)
Proportion of shares held
Main Location Nature of
Investee Place of Registration by the entity (%) Acquisition Method
of Operation Business
Direct Indirect
Shanghai China International Travel Service West Beijing Road, Floor 7 & 8, Jing’ an District,
1
Co., Ltd (“Shanghai China International”)
China
Shanghai
Service 90.00 10.00 Acquired through establishment or investment
Shanghai Guozhilv Property Management 1277 West Beijing Road, Basement Room 101, Jing’ an
2
Co., Ltd
China
District, Shanghai
Service 90.00 10.00 Acquired through establishment or investment
Shanghai Guozhilv International Cargo 889 South Yanggao Road, Room 215, Pudong District,
3
Services Co., Ltd
China
Shanghai
Service 90.00 10.00 Acquired through establishment or investment
Shanghai Guozhilv Tour Guide Service Co., 1277 West Beijing Road, Room 601, Jing'an District,
4
Ltd.
China
Shanghai
Service 68.00 32.00 Acquired through establishment or investment
5 457 Gumei Road, Floor 2, Room 205, Minghang
Shanghai CITS Advertising Corporation China
District, Shanghai
Service 100.00 - Acquired through establishment or investment
Shanghai Jinjiang International Green 9188 Caolang Road, Langxia Village, Jinshan District,
6
Holiday Travel Co., Ltd. (“Green Holiday”)
China
Shanghai
Service 70.00 - Acquired through establishment or investment
Zhejiang Jinlv International Travel Co., 77 North Qiutao Road, Floor 10, Room 19, Jianggan
7
Ltd.(“Zhejiang Jinlv”)(Note 2)
China
District, Hangzhou
Service 90.00 10.00 Acquired through establishment or investment
Shanghai Jinjiang Tourism Holding Co., Acquired as subsidiary company during business combination
8
Ltd. . (“Jinlv Holdings”) (Note 2)
China 191 Changle Road, Huangpu District, Shanghai Service 90.00 10.00 of company under the same control
Shanghai Jinjiang International Room 209,Building 4,191 Changle Road, Huangpu 50.00
9 China
District, Shanghai
Service - Acquired through establishment or investment
Convention Co., Ltd (Note3)
Acquired as subsidiary company during business combination
10 Shanghai Travel Agency Co., Ltd China 739 Fuzhou Road, Huangpu District, Shanghai Service 98.00 2.00 of company under the same control
Shanghai Huating Overseas Tourism Co., 58-3 South Maoming Road, Room 610, Huangpu Acquired as subsidiary company during business combination
11
Ltd.
China
District, Shanghai
Service 90.00 10.00 of company under the same control
Shanghai Jinjiang Overseas Affairs Service Acquired as subsidiary company during business combination
12
Co., Ltd.
China 191 Changle Road, Huangpu District, Shanghai Service 90.00 10.00 of company under the same control
Beijing Jinjiang International Travel Co., 89 Jianguo Road, Bldg 15, Unit 1502, Chaoyang Acquired as subsidiary company during business combination
13
Ltd.
China
District, Beijing
Service 80.00 - of company under the same control
Note 1: Disclosures above include 12 first level subsidiaries and 1 second level subsidiary. All non-wholly owned subsidiaries are not important.
Note2: Shanghai Jinjiang Tourism Co., Ltd has been renamed as Shang Jinjiang Tourism Holdings Co., Ltd. after completing the registration in competent administration for
industry and commerce on 18 October 2016.
Note3: Pursuant to the Article of Association, the Group holds over half voting proportion and then has a control over the Company.
- 49 -
SHANGHAI JINJIANG INTERNATIONAL TRAVEL COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2016
VII. EQUITY INTERESTS IN OTHER COMPANIES - continued
2. Equity interests in associate companies
(1) Significant associate companies
Unit: RMB
Proportion of shares Accounting treatment of
Main Location of
Investee Place of Registration Nature of Business held by the entity (%) investment in associate
Operation
Direct Indirect companies
Shanghai Jin Jiang Business and Travel Auto China Room 493, 6111, Bldg 1, Longdong Avenue, Pudong District, 20.00 -
1 Tourism and related service Equity Method
Services Co., Ltd Shanghai
2 Shanghai Huangpu River Cruise Co.,Ltd. China East Zhongshan Road No. 2, 153 Huangpu District, Shanghai Tourism and related service 20.00 - Equity Method
Shanghai Waihang International Travel Service Co., China 30.00 -
3 3E-2165, No.2123 Pudong Avenue, Pudong District, Shanghai Tourism and related service Equity Method
Ltd.
(2) Financial information of significant associate companies
Unit: RMB
31/12/2016 31/12/2015
Shanghai Jinjiang Shanghai Waihang Shanghai Jinjiang Shanghai Waihang
Shanghai Huangpu River Shanghai Huangpu River
Business and Travel Auto International Travel Business and Travel Auto International Travel
Cruise Co., Ltd. Cruise Co., Ltd.
Service Co., Ltd. Service Co., Ltd. Service Co., Ltd. Service Co., Ltd.
Current assets 90,102,085.19 18,672,442.30 22,787,025.21 73,774,317.23 16,893,924.39 19,509,700.70
Non-current assets 294,104,535.51 85,438,189.79 1,562,846.51 296,460,246.27 88,643,737.74 2,163,367.76
Total assets 384,206,620.70 104,110,632.09 24,349,871.72 370,234,563.50 105,537,662.13 21,673,068.46
Current liabilities 89,242,490.48 42,490,354.00 12,483,761.38 112,003,908.37 52,533,255.37 9,530,950.36
Non-current liabilities 9,775,650.00 - - 1,875,600.00 - -
Total liabilities 99,018,140.48 42,490,354.00 12,483,761.38 113,879,508.37 52,533,255.37 9,530,950.36
Minority interest - - - - - -
Minority interest attributable to the Company 285,188,480.22 61,620,278.09 11,866,110.34 256,355,055.13 53,004,406.76 12,142,118.10
Net asset ratio according to shareholding ratio 57,037,696.04 12,324,055.62 3,559,833.10 51,271,011.02 10,600,881.35 3,642,635.43
Book value of equity investments in associate
57,037,696.04 12,324,055.62 3,559,833.10 51,271,011.02 10,600,881.35 3,642,635.43
companies
Operating income 312,444,376.98 69,240,289.55 108,780,768.39 304,754,083.03 62,814,058.20 100,541,941.70
Net income 28,833,425.09 8,615,871.33 223,992.24 26,183,357.27 1,857,133.28 322,625.24
Other comprehensive income - - - - - -
Total comprehensive income 28,833,425.09 8,615,871.33 223,992.24 26,183,357.27 1,857,133.28 322,625.24
Dividends received from associates this year - - 150,000.00 - - -
- 50 -
SHANGHAI JINJIANG INTERNATIONAL TRAVEL COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2016
VII. EQUITY INTERESTS IN OTHER COMPANIES - continued
2. Equity interests in associate companies - continued
(3) Financial information of insignificant associate companies
Unit: RMB
31/12/2016 and 31/12/2015 and
2016 2015
Associates
Total book value of investment 1,420,107.81 1,601,299.37
Calculation according to shareholding percentage as follows:
--Net profit (loss) (181,191.56) (193,759.78)
--Other comprehensive income - -
--Total comprehensive income(loss) (181,191.56) (193,759.78)
(4) Transferring cash and cash equivalents from the associate companies to the Group has no significant
limitations.
(5) In this reporting period, no associate companies have significant accounting losses.
(6) The Group has no contingent liability with respect to its investment in associates.
VIII. FINANCIAL INSTRUMENTS AND RISKS MANAGEMENT
The Group's major financial instruments include cash and bank balances, accounts receivable, other receivables,
available-for-sale financial assets, accounts payable and other payables etc. Details of these financial
instruments are disclosed in Note VI. The risks associated with these financial instruments and the respective
risk management policies are set out below. Management supervises and monitors the risk exposures to ensure
appropriate measures are implemented in a timely and effective manner.
1. Risk management objectives and policies
The Group's risk management objectives are to achieve proper balance between risks and yield, to minimize the
adverse impacts of risks on the Group's operational performance, and to maximize the benefits of the
shareholders and other equity investors. Based on these risk management objectives, the Group's basic risk
management strategy is identifying and analyzing the industry's exposure to various risks, establishing
appropriate bottom lines for risk tolerance, implementing risk management, and monitoring various risks in a
timely and reliable manner to ensure risks are under control and within certain limits.
1.1 Market risk
1.1.1 Currency risk
Currency risk is the risk that losses will occur because of changes in foreign exchange rates. The Group’s
exposure to the currency risk is primarily associated with USD, EUR, JPY, AUD and HKD, and the Group’s
principal activities are denominated and settled in RMB. As of 31 December 2016, the Group's exposure to the
currency risk is primarily associated with cash and bank balances, accounts receivable and accounts payable.
The currency risks arising from the assets and liabilities balances denominated in foreign currency may have
impact on the Group’s operational performance. The Group pays close attention to the effect of exchange rate
fluctuation on currency risk. The Group does not have a specific policy to manage its foreign currency risks.
Unit: RMB
Item Ending balance Beginning balance
Cash and bank balances 9,269,809.85 5,386,207.33
Accounts receivable 9,966,072.43 14,378,388.86
Accounts payable 25,580,118.26 38,733,828.90
- 51 -
SHANGHAI JINJIANG INTERNATIONAL TRAVEL COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2016
VIII. FINANCIAL INSTRUMENTS AND RISKS MANAGEMENT - continued
1. Risk management objectives and policies - continued
1.1 Market risk - continued
1.1.1 Currency risk - continued
Sensitivity analysis
Where all other variables are held constant, the reasonably possible changes in the foreign exchange rate may
have the following pre-tax effect on the profit or loss for the period and equity:
Unit: RMB
2016 2015
Exchange rate
Item Effects on profit Effects on Effects on profit Effects on
fluctuation
shareholders' equity shareholders' equity
All foreign currency Appreciate 10%
(634,423.60) (634,423.60) (1,896,923.27) (1,896,923.27)
upon RMB
All foreign currency Depreciate10%
634,423.60 634,423.60 1,896,923.27 1,896,923.27
upon RMB
1.1.2 Interest risk
Interest rate risk is the risk that changes in the fair value or future cash flow will occur because of changes in
interest rates. The Group's exposure to the interest rate risk is primarily associated with cash and bank balances
as of 31 December 2016. The Group believes the interest rate risk it currently faces does not have significant
impact on the Group's performance.
1.1.3 Other price risks
Other price risks refer to market risks other than currency risk and interest risk. As of 31 December 2016, the
Group's exposure to other prices risks is primarily associated with the fair value changes of available-for-sale
securities due to stock price changes. Please see Note VI (7) for the balance of available-for-sale equity
instruments as of 31 December, 2016. The other price risks faced by the Group due to the asset fair value
measurement could impact the Group's operational performance and shareholder's equity. The Group pays close
attention to the effect of stock price fluctuation on other price risks. The Group conducts the following
sensitivity analysis, and concludes that the current stock price risk has significant impact on operation of the
Group.
The Group faces risks as a result of holding financial assets measured at fair value. As of 31 December 2016,
the Group holds RMB 730,425,794.60 worth of fair value financial assets. Where all other variables are held
constant, the stock price would have reasonable fluctuations: a 10% increase (decrease) of prices of relevant
equity instruments may lead to a RMB 54,781,934.60 increase (decrease) on the Group's shareholders' equity
while no impact over net profit.
1.2 Credit risk
As at 31 December 2016, the biggest credit risk exposure the Group faces mainly comes from the financial loss
resulted from failure to discharge an obligation by the counterparties, including the carrying amount of the
financial assets recognized in the consolidated balance sheet. The carrying amount of financial instruments
measured at fair value reflects its risk exposure but not its maximum value. The maximum exposure changes
with future fluctuations in fair value.
In order to reduce credit risk, the Company and its subsidiaries assign particular staff with responsibility in
credit line determination, credit approval, and other monitoring procedures to ensure that necessary measures
are in place to recover overdue debts. In addition, at each balance sheet date the Group audits the balances of
accounts receivable to ensure that sufficient provisions are made for bad debts. Therefore, the management of
the Group believes the credit risk is significantly reduced. Besides, the Group takes necessary measures to
ensure good credit record of its customers, and the management believes that there is no concentration of credit
risk except for the top five entities with the largest balances of accounts receivable disclosed in Note VI. 2(3).
- 52 -
SHANGHAI JINJIANG INTERNATIONAL TRAVEL COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2016
VIII. FINANCIAL INSTRUMENTS AND RISKS MANAGEMENT - continued
1. Risk management objectives and policies - continued
1.2 Credit risk - continued
The credit risk on liquid funds is limited because the counterparties are banks with high credit ratings assigned
by international credit-rating agencies.
1.3 Liquidity risk
Liquidity risk is the fund shortage risk a company faces while meeting financial obligations. In the management
of the liquidity risk, the Group monitors and maintains a level of cash and cash equivalents deemed adequate by
the management to finance the Group’s operations and mitigate the effects of fluctuations in cash flows.
The cash and cash equivalents are the Group’s only source of funds and there are no bank loans. The terms to
maturity of financial liabilities are generally between 1-3 months. Given the relatively low level of debt-to-
capital ratio and the financial capacity, the Group’s management believes it has no significant concentration of
liquidity risk.
2. Capital management
The Group manages its capital by optimizing the structure of liabilities and shareholders’ equity to ensure
continuous operation and maximized return on equity. The Group has no external regulations on capital
management. The Group is not intended to finance its operation by loans.
IX. DISCLOSURE OF FAIR VALUE INFORMATION
1. Year end balances of Assets and Liabilities measured at fair value
Unit: RMB
31/12/2016
Level 1 Level 2 Level 3 Total
Continuous fair value
measurement
AFS financial assets – Equity
730,425,794.60 - - 730,425,794.60
instrument
Total 730,425,794.60 - - 730,425,794.60
2. Basis of continuous and non-continuous fair value measurement with level 1 inputs
The fair value of assets and liabilities at year end is determined by the closing prices on 31 December 2016 on
Shanghai Stock Exchange and Shenzhen Stock Exchange.
3. Fair value information of the financial assets and liabilities not measured at fair value
The book values of all the financial assets and financial liabilities held by the Group not measured at fair value
are approximate to their fair values.
- 53 -
SHANGHAI JINJIANG INTERNATIONAL TRAVEL COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2016
X. RELATED PARTY AND RELATED PARTY TRANSACTIONS
1. Information of parent company
Unit: RMB
Company name Place of registration Nature or type of Registered capital Proportion of Proportion of voting
business shareholdings (%) power (%)
Shanghai Jinjiang International Room 316-318, 24 East Hotel investment, hotel RMB 5566 50.21 50.21
Hotels (Group) Co., Ltd. Yangxin Road, Pudong New operation and million
District, Shanghai management, others
("Jin Jiang Hotels(Group)")
Additional information of parent company
On 6 June 1995, Jin Jiang Hotels (Group) was restructured from Shanghai New Asia Group Co., Ltd in PRC,
of which primary operation includes hotels investment, food, and others. On 15 December 2006, Jin Jiang
Hotels (Group)’s share was approved to list on Hong Kong Stock Exchange. Its parent company and ultimate
holding company is Jin Jiang International (Group) Co., Ltd.
The ultimate holding company of the Group is Jin Jiang International (Group) Co., Ltd. (“Jing Jiang
International”)
2. Subsidiaries information
For details of subsidiaries please refer to Notes VII (1).
3. Information of associates
The Group has no joint ventures. For details of associates, please refer to Notes VII (2).
4. Other related parties
Name Relationships
HRG Jinjiang Travel (China) Co., Ltd. Associate of ultimate holding company
CTISH Shanghai JV of ultimate holding company
CTISH Shanghai Yangxiu compcompanyultimate holding company
Shanghai Jin Jiang International E-Commerce Co., Ltd. Subsidiary of ultimate holding company
Jin Jiang International Commerce Co., Ltd.Co., Ltd. Subsidiary of ultimate holding company
Jinjiang International Tourism Center Co., Ltd Subsidiary of ultimate holding company
Shanghai Jinjiang Paradise Co., Ltd. Subsidiary of ultimate holding company
Shanghai New Asia (Group) Photography Company Subsidiary of ultimate holding company
Shanghai East Jin Jiang Hotel Co., Ltd. Subsidiary of ultimate holding company
Shanghai Hua Ting Hotel Ltd. Subsidiary of ultimate holding company
Shanghai Jin Jiang International Industrial Investment Co., Ltd. Subsidiary of ultimate holding company
Shanghai Jin Jiang International Hotels (Group) Co., Ltd. Jin Jiang Tower Hotel Branch of parent company
Shanghai Jin Jiang Peace Hotel Co., Ltd. Fellow subsidiary
Jin Jiang International Group Finance Co., Ltd. Fellow subsidiary
Shanghai BaiYulan Hotel Co., Ltd. Fellow subsidiary
Shanghai Municipal Shanghai Hotel Co., Ltd. Fellow subsidiary
Shangh Hyland Hotel Co., Ltd. Fellow subsidiary
Shanghai Hongqiao Hotel Co., Ltd. Fellow subsidiary
Shanghai Jianguo Hotel Co., Ltd. Fellow subsidiary
Shanghai Jinsha Hotel Co., Ltd. Fellow subsidiary
Shanghai Jinjia Auto Trading Co., Ltd. Fellow subsidiary
Shanghai Jin Jiang Hotel Co., Ltd. Fellow subsidiary
Shanghai Jin Jiang International Hotels Development Co., Ltd. Fellow subsidiary
Shanghai Jin Men Hotel Co., Ltd. Fellow subsidiary
Jin Jiang Inn Co., Ltd. Fellow subsidiary
Shanghai Jin Jiang Automobile Services Co., Ltd. Fellow subsidiary
Shanghai Cypress Hotel Ltd. Fellow subsidiary
Shanghai New Asia Plaza Great Wall Hotel Co., Ltd. Fellow subsidiary
Shanghai Jing Jiang Business and Travel Auto Services Co., Ltd Fellow subsidiary
Shanghai Juxing Property Management Co., Ltd. Associate of the Company
Shanghai Huangpu River Cruise Co.,Ltd. Associate of the Company
Shanghai Oneday Travel Service Co.,Ltd. Associate of the Company
Directors and other senior management Key management personnel
- 54 -
SHANGHAI JINJIANG INTERNATIONAL TRAVEL COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2016
X. RELATED PARTY AND RELATED PARTY TRANSACTIONS - continued
4. Other related parties - continued
Together, Jinjiang International (Group) Co., Ltd, associate of ultimate holding company, and subsidiary of
ultimate holding company are named as "Jinjiang International and its subsidiaries"; Jinjiang International Hotels
(Group) Co., Ltd, branch of parent company, and fellow subsidiary companies are together named as “Jinjiang
International Hotels and its subsidiaries”.
5. Significant transactions between the Group and related parties during the year
(1) Receiving and rendering services
Receiving services
Unit: RMB
Name of related parties Transaction type 2016 2015
Amount Amount
Jinjiang International and its subsidiaries Receiving Tourism and related services 10,827,127.55 6,295,435.38
Jinjiang International Hotels and its Receiving Tourism and related services
2,384,163.27 2,425,268.50
subsidiaries
Associates of the Company Receiving Tourism and related services 109,917.00 59,615.00
Subtotal 13,321,207.82 8,780,318.88
Associates of the Company Receiving Property Management services 684,576.67 657,563.94
Subtotal 684,576.67 657,563.94
Total 14,005,784.49 9,437,882.82
Rendering services
Unit: RMB
Name of related parties Transaction type 2016 2015
Amount Amount
Jinjiang International and its subsidiaries Rendering Tourism and related services 13,447,469.86 18,326,783.04
Jinjiang International Hotels and its Rendering Tourism and related services
237,733.91 426,010.01
subsidiaries
Associate company Rendering Tourism and related services 177,395.83 60,083.78
Subtotal 13,862,599.60 18,812,876.83
Jin Jiang International and its subsidiaries Rendering Property
1,856,304.00 1,839,504.00
Management services,etc
Subtotal 1,856,304.00 1,839,504.00
Total 15,718,903.60 20,652,380.83
(2)Leasing arrangements
The Group as lessor
Unit: RMB
Lessee Asset for lease Beginning date Ending date Income recognized Income recognized
this year last year
Jin Jiang International and its subsidiaries Offices 1/1/2016 31/12/2016 1,066,260.00 1,068,660.00
The Group as lessee
Unit: RMB
Lessor Asset for lease Beginning date Ending date Expense recognized Expense recognized
this year last year
Jinjiang International and its Offices 1/1/2016 31/12/2016 5,934,460.53 5,678,131.33
subsidiaries
Jinjiang International Hotels Offices 1/1/2016 31/12/2016 1,039,823.21 1,069,167.98
and its subsidiaries
Total 6,974,283.74 6,747,299.31
- 55 -
SHANGHAI JINJIANG INTERNATIONAL TRAVEL COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2016
X. RELATED PARTY AND RELATED PARTY TRANSACTIONS - continued
5. Significant transactions between the Group and related parties during the year - continued
(3)Emoluments for key management personnel
Unit: RMB
Item 2016 2015
Emoluments for key management personnel 2,574,500.00 2,435,000.00
Note: Key administrative personnel represent the people who own the right and responsibility for planning,
directing, and controlling the business activities of the enterprise, including directors and general
manager, chief accountant, director of finance, director of the affairs of the deputy general manager, and
those who perform similar functions. Benefits paid for key administration include cash, physical awards,
and other forms of salary, welfare, bonus, and special treatment.
6. Balance due to/from related parties
(1) Receivables from related parties
Unit: RMB
31/12/2016 31/12/2015
Items Related Parties Balance Bad Debt Balance Bad Debt
Provision Provision
Accounts receivable Jin Jiang International and its subsidiaries 6,900,011.28 - 651,190.91 -
Accounts receivable Jinjiang International Hotels and its subsidiaries 146,520.00 - 92,581.60 -
Accounts receivable Associate Company 66,605.70 - 16,650.00 -
Subtotal 7,113,136.98 - 760,422.51 -
Other receivables Jin Jiang International and its subsidiaries 456,757.00 - 405,382.63 -
Other receivables Jinjiang International Hotels and its subsidiaries 306,330.00 - 199,220.00 -
Other receivables Associate Company 126,388.28 - 121,624.40 -
Subtotal 889,475.28 - 726,227.03 -
Advance to supplier Jin Jiang International and its subsidiaries 35,220.00 - - -
Advance to supplier Jinjiang International Hotels and its subsidiaries 100,000.00 - 28,150.00 -
Subtotal 135,220.00 - 28,150.00 -
(2) Payables to related parties
Unit: RMB
Items Related Parties 31/12/2016 31/12/2015
Accounts payables Jin Jiang International and its subsidiaries 1,217,349.42 357,447.89
Accounts payables Jinjiang International Hotels and its subsidiaries 523,722.26 453,166.00
Accounts payables Associate Company 31,200.00 8,223.00
Subtotal 1,772,271.68 818,836.89
Other payables Jin Jiang International and its subsidiaries 3,985,496.43 4,398,064.98
Subtotal 3,985,496.43 4,398,064.98
Receipts in advance Jin Jiang International Hotels and its subsidiaries 260,811.00 -
Receipts in advance Jinjiang International Hotels and its subsidiaries 596.00 30,000.00
Subtotal 261,407.00 30,000.00
XI. CONTINGENCIES
As of the balance sheet date, the Group has no significant contingent liabilities.
XII. COMMITMENTS
- 56 -
SHANGHAI JINJIANG INTERNATIONAL TRAVEL COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2016
(1) Capital commitments
Unit: RMB’000
31/12/2016 31/12/2015
Signed but not yet recongized in the financial statement
Long-term asset purchase commitment 398 599
(2) Operating lease commitments
As of the balance sheet date, the Group has the following commitments in respect of non-cancellable operating
leases:
Unit: RMB’000
31/12/2016 31/12/2015
Minimum lease payments under non-cancellable
operating leases:
1st year subsequent to the balance sheet day 4,865 7,433
2nd year subsequent to the balance sheet day 537 548
3rd year subsequent to the balance sheet day 256 825
Subsequent periods 397 866
Total 6,055 9,672
XIII. NON-ADJUSTING EVENTS AFTER THE BALANCE SHEET DATE
Refer to Notes (VI) 26 Note 2 for details of proposed profit distribution decided after the balance sheet date. No
other significant non-adjusting events occurred subsequent to balance sheet date.
- 57 -
SHANGHAI JINJIANG INTERNATIONAL TRAVEL COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2016
XIV. SEGMENT REPORTING
1. Segment report information
According to the Group's organization structure, internal management requirements and internal reporting system, the Group identifies its business activities into three
operating segments by which the resource allocation and performance evaluation are performed regularly. On the basis of above three segments, the Group identifies three
reportable segments as follow: tourism and related business segment, the real property business segment and the other business segment. The reportable segments are in
accordance with the operating segments. The services rendered by the segments are tourism and related business, real property rental business and other businesses.
Segment information is prepared and presented under the accounting policies of internal reporting to the management, which is in accordance with the accounting policies
used for preparing and presenting the Group's financial statements.
Unit: RMB
Tourism and related business Property business Others Inter-segment offset Undistributed items Total
2016 2015 2016 2015 2016 2015 2016 2015 2016 2015 2016 2015
Operating income
Revenue arising from external
1,874,612,284.74 2,245,931,555.68 25,253,864.51 24,859,607.62 7,664,993.01 9,396,159.30 - - - - 1,907,531,142.26 2,280,187,322.60
transactions
Revenue arising from inter-
segment transactions
128,215.03 126,318.18 372,038.50 341,860.88 25,940.00 25,440.00 (526,193.53) (493,619.06) - - - -
Total segment operating income
1,874,740,499.77 2,246,057,873.86 25,625,903.01 25,201,468.50 7,690,933.01 9,421,599.30 (526,193.53) (493,619.06) - - 1,907,531,142.26 2,280,187,322.60
Operating costs
1,752,574,747.78 2,085,304,202.36 9,844,036.72 9,483,255.56 5,586,357.28 7,112,774.36 - - - - 1,768,005,141.78 2,101,900,232.28
Segment operating profit 122,165,751.99 160,753,671.50 15,781,866.29 15,718,212.94 2,104,575.73 2,308,824.94 (526,193.53) (493,619.06) - - 139,526,000.48 178,287,090.32
Taxes and levies 6,869,959.21 13,415,810.10 6,869,959.21 13,415,810.10
Selling and distributions expenses 124,015,398.85 133,066,834.13 124,015,398.85 133,066,834.13
Administrative expenses 59,365,288.89 63,702,512.77 59,365,288.89 63,702,512.77
Financial expenses (4,327,455.23) (8,762,800.69) (4,327,455.23) (8,762,800.69)
Impairment loss in
(1,513,121.69) (638,404.30) (1,513,121.69) (638,404.30)
respect of assets (Reversal)
Fair value gain (loss) - - - -
Investment income 110,762,548.90 85,752,955.89 110,762,548.90 85,752,955.89
Operating profit 65,878,479.35 63,256,094.20 65,878,479.35 63,256,094.20
Non-operating income 8,032,736.01 4,658,350.60 8,032,736.01 4,658,350.60
Non-operating expenses 471,859.03 22,793.34 471,859.03 22,793.34
Total profit 73,439,356.33 67,891,651.46 73,439,356.33 67,891,651.46
Income tax 12,402,387.23 7,719,829.67 12,402,387.23 7,719,829.67
Net profit 61,036,969.10 60,171,821.79 61,036,969.10 60,171,821.79
Supplemental Information
Impairment loss recognized
(1,513,121.69) (638,404.30) - - - - - - (1,513,121.69) (638,404.30)
(reversed)in the current period
Capital expenditure:
Expense for construction in
559,136.37 935,458.00 - - - - - - 559,136.37 935,458.00
progress
Purchase of fixed assets 250,491.26 542,327.43 - - 236,790.71 - - - 250,491.26 779,118.14
58
SHANGHAI JINJIANG INTERNATIONAL TRAVEL COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2016
XIV. SEGMENT REPORTING - continued
2. Segment reporting based on products and businesses
Unit: RMB
Items 2016 2015
Tourism and related business 1,874,612,284.74 2,245,931,555.68
Rental income 15,885,589.19 15,127,906.12
Property management income 9,368,275.32 9,731,701.50
Other business 7,664,993.01 9,396,159.30
Total 1,907,531,142.26 2,280,187,322.60
3. External revenue and non-current assets based on geographic regions
Unit: RMB
Items 2016 2015
External revenue in Mainland China 1,799,837,117.41 2,161,171,332.13
External revenue outside Mainland China 107,694,024.85 119,015,990.47
Total 1,907,531,142.26 2,280,187,322.60
All non-current assets of the Group are located in mainland China.
4. Dependence on major customers
No major customers that contribute over 10% of the Group's total revenue exist.
Measurement of inter-segment transactions is based on actual transaction price. Segment revenues and expenses
are determined based on actual income and expenses of the segment. Assets and liabilities are allocated based
on assets attributed to or generated from the specific operating segment.
XV. NOTES TO ITEMS IN THE COMPANY'S FINANCIAL STATEMENTS
1. Cash and bank balances
Unit: RMB
31/12/2016 31/12/2015
Item Foreign Foreign
RMB RMB
Currency Exchange rate Currency Exchange rate
Cash: 10,681.43 21,140.13
RMB 10,681.43 21,140.13
Cash deposit: 126,042,291.61 202,932,789.28
RMB 125,616,187.14 202,716,667.29
USD 61,424.89 6.9370 426,104.47 33,282.31 6.4936 216,121.99
Other Currency funds (Note): 234,800,002.43 150,700,107.73
RMB 234,800,002.43 150,700,107.73
Total 360,852,975.47 353,654,037.14
Note: At 31 December, 2016, The balance of other cash and bank balances includes：
(1) Profit guaranteed deposits of RMB 220,000,000.00 (31/12/2015: RMB 150,000,000.00);
(2) restricted travel agency quality assurance deposits of RMB 700,002.43 (31/12/2015: RMB 0.00)
(3) Pledged time deposit 14,100,000.00 (31/12/2015: RMB Nil).
- 59 -
SHANGHAI JINJIANG INTERNATIONAL TRAVEL COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2016
XV. NOTES TO ITEMS IN THE COMPANY'S FINANCIAL STATEMENTS - continued
2. Accounts receivable
(1) Disclosure of accounts receivable by categories：
Unit: RMB
31/12/2016 31/12/2015
Carrying amount Bad debt provision Carrying amount Bad debt provision
Category Net Book Net Book
Proportion Proportion Proportion Proportion
Amount Amount Value Amount Amount Value
(%) (%) (%) (%)
Individually
insignificant
receivables with
2,483,476.65 100.00 430,524.06 17.34 2,052,952.59 1,861,203.52 100.00 430,524.06 23.13 1,430,679.46
bad debt provision
recognized
individually
Total 2,483,476.65 100.00 430,524.06 17.34 2,052,952.59 1,861,203.52 100.00 430,524.06 23.13 1,430,679.46
(2) Accruals, recovery or reversals of bad debt provision:
Unit: RMB
2016 2015
Opening balance 430,524.06 742,228.06
Reversals in the year - (311,704.00)
Closing balance 430,524.06 430,524.06
3. Other receivables
(1) Disclosure of accounts receivable by categories:
Unit: RMB
31/12/2016 31/12/2015
Book Value Bad debt provision Book Value Bad debt provision
Item Net Book Net Book
Ratio Ratio Ratio Ratio
Amount Amount Value Amount Amount Value
(%) (%) (%) (%)
Individually significant
accounts receivable and
1,505,600.00 42.48 - - 1,505,600.00 2,900,000.00 59.12 - - 2,900,000.00
bad debt provision
recognized individually
Individually insignificant
accounts receivable but
2,038,869.09 57.52 2,200.00 0.11 2,036,669.09 2,005,275.99 40.88 2,200.00 0.11 2,003,075.99
bad debt provision
recognized individually
Total 3,544,469.09 100.00 2,200.00 0.06 3,542,269.09 4,905,275.99 100.00 2,200.00 0.04 4,903,075.99
(2) There is no movement of bad debts provision for other receivables.
(3) Top five entities with the largest balances of other receivables
Unit: RMB
Relationship with Proportion of
Name Amount
group ne (%)
Beijing Jinjiang International Travel Co., Ltd. Subsidiary 1,505,600.00 42.50
Zhejiang Jinlv International Travel Co., Ltd. Subsidiary 922,102.19 26.03
Company A Customer 306,641.62 8.66
Pujiang River Cruise Joint Venture 138,644.30 3.91
Company B Customer 70,000.00 1.98
Total 2,942,988.11 83.08
- 60 -
SHANGHAI JINJIANG INTERNATIONAL TRAVEL COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2016
XV. NOTES TO ITEMS IN THE COMPANY'S FINANCIAL STATEMENTS - continued
4. Long-term equity investments
(1) Category:
Unit: RMB
Category 31/12/2016 31/12/2015
Investment in Subsidiary 63,806,724.14 63,806,724.14
Investment in associates 74,341,692.57 67,115,827.17
Total 138,148,416.71 130,922,551.31
Less: Provision for impairment of long-term equity investments 10,615,164.70 10,615,164.70
Net Value 127,533,252.01 120,307,386.61
(2) Details of long-term equity investments to subsidiary are as follows:
Unit: RMB
Provision
Initial Changes in the Beginning balance Provision Ending
Investee Measurement 31/12/2015 31/12/2016 Accrual
Investment Year Balance
Subsidiary：
Shanghai CITS Co., Ltd Cost method 18,000,000.00 18,000,000.00 - 18,000,000.00 - - -
Shanghai Jinjiang Tourism Co., Ltd. Cost method 13,379,802.00 13,379,802.00 - 13,379,802.00 - - -
Shanghai Huating Overseas Cost method
11,719,107.73 11,719,107.73 - 11,719,107.73 - - -
Tourism Co., Ltd.
Shanghai Guozhilv International Cost method
4,500,000.00 4,500,000.00 - 4,500,000.00 - - -
Cargo Services Co., Ltd
Zhejiang Jinlv International Travel Cost method
3,995,919.00 3,995,919.00 - 3,995,919.00 3,995,919.00 - 3,995,919.00
Co., Ltd.
Beijing Jinjiang International Cost method
2,419,245.70 2,419,245.70 - 2,419,245.70 2,419,245.70 - 2,419,245.70
Travel Co., Ltd.
Shanghai Jinjiang International Cost method
1,400,000.00 4,200,000.00 - 4,200,000.00 4,200,000.00 - 4,200,000.00
Green Holiday Travel Co., Ltd.
Shanghai Jinjiang Overseas Affairs Cost method
1,340,698.25 908,452.14 - 908,452.14 - - -
Service Co., Ltd.
Shanghai Travel Agency Co., Ltd. Cost method 1,061,700.00 2,927,237.57 - 2,927,237.57 - - -
Shanghai Guozhilv Property Cost method
900,000.00 900,000.00 - 900,000.00 - - -
Management Co., Ltd
Shanghai CITS Advertising Cost method
600,000.00 600,000.00 - 600,000.00 - - -
Corporation
Shanghai CITS Tour Guide Service Cost method
256,960.00 256,960.00 - 256,960.00 - - -
Co., Ltd.
Subtotal 59,573,432.68 63,806,724.14 - 63,806,724.14 10,615,164.70 - 10,615,164.70
(The subsidiaries above are called "the subsidiary" in the following report.)
(3) Details of long-term equity investments to associates are as follows:
Unit: RMB
Changes in the Year
Investee 31/12/2015 Investment 31/12/2016 Provision
Dividends
Income under
Receivable
Equity Method
Associates：
Shanghai Jinjiang Business and Travel Auto
51,271,011.02 5,766,685.02 - 57,037,696.04 -
Service Co.,Ltd.
Shanghai Huangpu River Cruise Co.,Ltd. 10,600,881.35 1,723,174.27 - 12,324,055.62 -
China Oriental International Travel & - -
261,448.66 7,452.47 268,901.13
Transport Co., Ltd.
Shanghai Waihang International Travel -
3,642,635.43 67,197.67 (150,000.00) 3,559,833.10
Service Co., Ltd.
Shanghai Oneday Travel Service Co.,Ltd. 323,833.05 (202,974.97) - 120,858.08 -
Shanghai Juxing Property Management - -
1,016,017.66 14,330.94 1,030,348.60
Co.,Ltd.
Total 67,115,827.17 7,375,865.40 (150,000.00) 74,341,692.57 -
- 61 -
SHANGHAI JINJIANG INTERNATIONAL TRAVEL COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2015
XV. NOTES TO ITEMS IN THE COMPANY'S FINANCIAL STATEMENTS - continued
4、 Fixed assets
Unit: RMB
Machinery,
electronic Transportation
Item Building Decoration Total
equipment and equipment
other
I.Cost
1. 31/12/2015 74,088,771.40 4,538,144.07 9,681,458.21 6,202,441.40 94,510,815.08
2. Additions - Purchase - 38,347.44 - - 38,347.44
3. Decreases – Disposal - -
(46,199.30) (677,074.00) (723,273.30)
or retirement
4. 31/12/2016 74,088,771.40 4,530,292.21 9,004,384.21 6,202,441.40 93,825,889.22
II.Accumulated Depreciation
1. 31/12/2015 27,243,683.64 2,772,344.87 4,318,399.65 3,213,325.80 37,547,753.96
2. Additions Accrual 1,350,907.56 556,586.54 1,056,000.80 1,498,018.74 4,461,513.64
3. Decreases – Disposal - -
(44,710.36) (643,220.30) (687,930.66)
or retirement
4. 31/12/2016 28,594,591.20 3,284,221.05 4,731,180.15 4,711,344.54 41,321,336.94
III.Provision for Impairment Loss
1. 31/12/2015 - - - - -
2. 31/12/2016 - - - - -
IV. Carrying Amount
1. 31/12/2015 46,845,087.76 1,765,799.20 5,363,058.56 2,989,115.60 56,963,061.12
2. 31/12/2016 45,494,180.20 1,246,071.16 4,273,204.06 1,491,096.86 52,504,552.28
5、 Other non-current assets
Unit: RMB
Item 31/12/2016 and 31/12/2015
Air-tickets-agent business deposit 1,150,000.00
Others (Note) 856,851.80
Item 2,006,851.80
Note: Others represent deposits placed with Freight Forwarders Associations and deposits placed for
membership of golf course.
6、 Operating income and operating costs
(1) Operating income and operating costs
Unit: RMB
2016 2015
Item
Revenue Costs Revenue Costs
Principal business 412,946,381.08 404,403,424.04 499,057,170.23 487,387,736.93
Other business 15,992,316.39 4,890,729.81 15,468,447.00 4,886,005.55
Total 428,938,697.47 409,294,153.85 514,525,617.23 492,273,742.48
(2) Principal business (by industry)
Unit: RMB
2016 2015
Category
Revenue Costs Revenue Costs
Tourism and related business 412,946,381.08 404,403,424.04 499,057,170.23 487,387,736.93
Total 412,946,381.08 404,403,424.04 499,057,170.23 487,387,736.93
(3) Principal business (by region)
Unit: RMB
Category 2016 2015
Revenue Costs Revenue Costs
Mainland China 412,946,381.08 404,403,424.04 499,057,170.23 487,387,736.93
Total 412,946,381.08 404,403,424.04 499,057,170.23 487,387,736.93
- 62 -
SHANGHAI JINJIANG INTERNATIONAL TRAVEL COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2015
XV. NOTES TO ITEMS IN THE COMPANY'S FINANCIAL STATEMENTS - continued
7、 Operating income and operating costs - continued
(4) Other business
Unit: RMB
Category 2016 2015
Revenue Costs Revenue Costs
Rental revenue 15,992,316.39 4,890,729.81 15,468,447.00 4,886,005.55
Total 15,992,316.39 4,890,729.81 15,468,447.00 4,886,005.55
8、 Administrative expense
Unit: RMB
Item 2016 2015
Employee benefits 12,273,469.87 14,825,321.71
Depreciation and amortization 4,461,107.33 4,791,093.90
Energy and supplies expense 1,903,215.48 1,936,725.16
Entertainment Expense 34,015.25 10,680.80
Others 5,795,047.02 5,233,236.74
Total 24,466,854.95 26,797,058.31
9、 Investment income
(1) Details of investment income are as follows:
Unit: RMB
Item 2016 2015
Investment income recognized under cost method 438,754.52 17,689,197.11
Investment income recognized under equity method 7,375,865.40 5,509,857.75
Investment income on holding available-for-sale
24,359,796.55 33,913,587.21
financial assets
Gains on disposal of FVTPL financial assets - 91,450.80
Gains on disposal of available-for-sale financial assets 79,026,886.95 46,238,060.13
Investment income on entrusted loan 54,723.83 -
Total 111,256,027.25 103,442,153.00
(2) Gain on long-term equity investment under cost method:
Unit: RMB
Investee 2016 2015
Shanghai CITS Advertising Corporation 429,660.39 325,000.69
Shanghai Guozhilv Property Management Co., Ltd. 9,094.13 89,557.81
Shanghai Jinjiang Tourism Holding Co., Ltd. - 12,428,909.71
Shanghai CITS Co., Ltd - 4,466,992.52
Shanghai Huating Overseas Tourism Co., Ltd. - 378,736.38
Total 438,754.52 17,689,197.11
(3) For details of investment income on long-term equity investment under equity method please refer to
Note(VI)、32(2). There is no significant restriction on remittance of the Company’s investment income.
(4) For investment income on holding available-for sale financial assets during this accounting period, please
refer to Note(VI)32(3)
(5) For investment income on the disposal of available-for-sale financial assets during this accounting period,
please refer to Note (VI) 33(4).
- 63 -
SHANGHAI JINJIANG INTERNATIONAL TRAVEL COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2015
XV. NOTES TO ITEMS IN THE COMPANY'S FINANCIAL STATEMENTS - continued
10、 Non-operating Income
(1) Details of non-operating income are as follows:
Unit: RMB
Extraordinary gains
Item 2016 2015 and losses in current
year
Government grants 1,056,956.00 1,028,700.00 1,056,956.00
Gains on disposal of fixed assets 159,422.00 125.00 159,422.00
Others 735,757.53 4,902.00 735,757.53
Total 1,952,135.53 1,033,727.00 1,952,135.53
(2) Details of government grants are as follows:
Unit: RMB
Related to assets /
Item 2016 2015
Related to income
Financial support funds 990,000.00 1,000,000.00 Related to income
Others 66,956.00 28,700.00 Related to income
Total 1,056,956.00 1,028,700.00
11、 Notes to items in the cash flow statements
(1) Other cash receipts relating to operating activities:
Unit: RMB
Item 2016 2015
Cash receipts from interest income 1,956,203.79 1,630,396.62
Cash receipts from government grants 1,056,956.00 1,028,700.00
Others 9,535,757.53 4,902.00
Total 12,548,917.32 2,663,998.62
(2) Other cash payments relating to operating activities
Unit: RMB
Item 2016 2015
Amounts to subsidiaries 59,000,000.00 19,170,000.00
Pledged time deposit 14,100,000.00 -
Cash payments relating to selling and distribution 7,899,069.91 6,986,981.59
expenses/administrative expenses
Cash payments relating to bank charges 992,740.36 1,253,820.53
Others 229,900.29 935,139.73
Total 82,221,710.56 28,345,941.85
- 64 -
SHANGHAI JINJIANG INTERNATIONAL TRAVEL COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2015
XV. NOTES TO ITEMS IN THE COMPANY'S FINANCIAL STATEMENTS - continued
12、 Supplementary information to the cash flow statements
(1) Supplementary information to the cash flow statements
Unit: RMB
Supplementary information 2016 2015
I. Reconciliation of net profit to cash flow from operating activities:
Net profit 83,594,330.18 87,875,379.50
Add: Provision for asset impairment - 252,739.81
Depreciation of fixed assets and investment property 8,601,475.36 8,910,295.48
Amortization of intangible assets 558,874.95 532,749.96
Amortization of long-term prepaid expenses 685,382.62 803,809.82
Gain or loss on disposal of fixed assets, intangible assets and other (126,325.36) 1,441.10
long-term assets
Investment loss(gains) (111,256,027.25) (103,442,153.00)
Financial Expense (6,605,390.41) (10,011,431.51)
Decrease (increase) in deferred tax assets - 1,433,272.50
Decrease (increase)in inventories 11,072.42 5,952.45
Decrease(Increase) in restricted currency funds (14,100,000.00) -
Decrease (increase) in operating receivables 426,762.54 (19,772.83)
Increase (decrease) in operating payables (65,008,098.57) (17,905,416.38)
Net cash flow from operating activities (103,217,943.52) (31,563,133.10)
II. Significant investing and financing activities that do not involve
cash receipts and payments:
III. Net changes in cash and cash equivalents:
Closing balance of cash and cash equivalents 126,052,975.47 202,954,037.14
Less: Opening balance of cash and cash equivalents 202,954,037.14 100,781,581.65
Net increase (decrease) in cash and cash equivalents (76,901,061.67) 102,172,455.49
(2) Cash and cash equivalents
Unit: RMB
Item 31/12/2016 31/12/2015
I．Cash 126,052,975.47 202,954,037.14
Including: Cash on hand 10,681.43 21,140.13
Bank deposits that can be readily withdrawn 126,042,294.04 202,932,789.28
on dem and
Currency funds that can be readily withdrawn - 107.73
II．Closing balance of cash and cash equivalents 126,052,975.47 202,954,037.14
- 65 -
SHANGHAI JINJIANG INTERNATIONAL TRAVEL COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2015
XV. NOTES TO ITEMS IN THE COMPANY'S FINANCIAL STATEMENTS - continued
13、 Transactions between the Company and related parties in the year
(1) Receiving or rendering services
Receiving services:
Unit: RMB
2016 2015
Name of related parties Transaction type
Amount Amount
The Company's subsidiaries Receiving Tourism and related services 370,331,749.41 456,006,677.50
Jin Jiang International and its subsidiaries Receiving Tourism and related services 5,901,063.68 1,822,879.68
Jinjiang International Hotels and its subsidiaries Receiving Tourism and related services 28,500.00 85,500.00
Associate companies of the Company Receiving Tourism and related services 34,075.00 55,410.00
Subtotal 376,295,388.09 457,970,467.18
Associate companies of the Company Receiving Property Management services 646,031.00 620,713.03
Subtotal 646,031.00 620,713.03
Total 376,941,419.09 458,591,180.21
Rendering services:
Unit: RMB
Name of related parties 2016 2015
Transaction type
Amount Amount
Jin Jiang International and its subsidiaries Providing Tourism and related service 771,532.92 914,252.33
The Company's subsidiaries Providing Tourism and related service 16,000,473.57 884,363.51
Associate companies of the Company Providing Tourism and related service 48,241.17 60,083.78
Jinjiang International Hotels and its subsidiaries Providing Tourism and related service 37,162.17 51,806.31
Total 16,857,409.83 1,910,505.93
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SHANGHAI JINJIANG INTERNATIONAL TRAVEL COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2015
XV. NOTES TO ITEMS IN THE COMPANY'S FINANCIAL STATEMENTS - continued
13、Transactions between the Group and related parties in the year - continued
(2) Leasing arrangements
The Group as lessee:
Unit: RMB
Lessee Asset for lease Income recognized in 2016 Income recognized in 2015
Jin Jiang International and its subsidiaries Offices 1,066,260.00 1,068,660.00
The Company's subsidiaries Offices 87,363.41 333,380.88
Total 1,153,623.41 1,402,040.88
The Group as lessor
Unit: RMB
Lessor Asset for lease Expenses incurred in 2016 Expenses incurred in 2015
Jin Jiang International and its subsidiaries Offices 704,323.88 582,751.56
Jinjiang International Hotels and its Offices
139,950.11 139,996.08
subsidiaries
Total 844,273.99 722,747.64
(3) Borrowing and lending between related parties
Transaction balance in 2016 and balance at 31/12/2016:
Unit: RMB
Name of Opening Increasing Receiving Closing Balance Starting Date Expiring
Related Parties Balance amount amount Date
Lend to
Shanghai Jinjiang
International Green Holiday 1,400,000.00 2,100,000.00 1,400,000.00 2,100,000.00 2016. 3.28 2017. 3.27
Travel Co., Ltd
Beijing Jinjiang
International Travel Co., 1,500,000.00 - - 1,500,000.00 2016.4.1 2017. 3.30
Ltd.
Total 2,900,000.00 2,100,000.00 1,400,000.00 3,600,000.00
Interest income from transactions between the Company and its related parties:
Unit: RMB
Item 2016 2015
Interest income from entrusted loan(Note) 54,723.83 -
Note: It refers to interest income from entrusted loans to Shanghai Jinjiang International Green Holiday Travel
Co., Ltd.
- 67 -
SHANGHAI JINJIANG INTERNATIONAL TRAVEL COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2015
XV. NOTES TO ITEMS IN THE COMPANY'S FINANCIAL STATEMENTS - continued
13、Transactions between the Group and related parties in the year - continued
(4) Balance due to/from related parties
(a) Account Receivable from related parties
Unit: RMB
Items Related Parties 31/12/2016 31/12/2015
Balance Bad Debt Balance Bad Debt
Provision Provision
Accounts receivable The Company's subsidiaries 703,319.34 - 64,900.00 -
Accounts receivable Jin Jiang International and its subsidiaries 5,524.96 - 18,382.96 -
Accounts receivable The Company’s Associates 66,605.70 - 16,650.00 -
Accounts receivable Jinjiang International Hotels and its
4,700.00 - 9,350.00 -
subsidiaries
Subtotal 780,150.00 - 109,282.96 -
Other receivables The Company's subsidiaries
2,584,002.19 - 3,817,820.19 -
Other receivables The Company’s Associates 126,388.28 - 121,624.40 -
Other receivables Jinjiang International Hotels and its
42,000.00 - 42,000.00 -
subsidiaries
Other receivables Jin Jiang International and its subsidiaries 50,000.00 - 3,000.00 -
Subtotal 2,802,390.47 - 3,984,444.59 -
The Company's subsidiaries
Other current assets 2,100,000.00 - - -
Subtotal 2,100,000.00 - - -
(b) Account payable from related parties
Unit: RMB
Items Related Parties 31/12/2016 31/12/2015
Accounts payable The Company's subsidiaries 3,418,205.66 6,486,286.35
Accounts payable Jin Jiang International and its subsidiaries 1,182,043.42 306,825.89
Accounts payable Associates 25,200.00 8,100.00
Subtotal 4,625,449.08 6,801,212.24
Other payables The Company's subsidiaries
17,840,926.71 75,953,676.71
Other payables Jinjiang International and its subsidiaries 207,960.00 207,960.00
Subtotal 18,048,886.71 76,161,636.71
The Company's subsidiaries
Receipts in advance 1,290,152.75 109,795.00
Subtotal 1,290,152.75 109,795.00
XVI. APPROVAL OF FINANCIAL STATEMENTS
The Company’s financial statements and the consolidated financial statements were approved by the board of
directors and authorized to issue on 28 March 2017.
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SHANGHAI JINJIANG INTERNATIONAL TRAVEL COMPANY LIMITED
FOR THE YEAR ENDED 31 DECEMBER 2016
SUPPLEMENTARY INFORMATION
1、Non-recurring gains and losses
The calculation of extraordinary gains and losses has been prepared by Shanghai Jinjiang International
Travel Co., Ltd. in accordance with Information Disclosure Explanatory Pronouncement No. 1 on
Extraordinary Items disclosure (2008) issued by China Securities Regulatory Commission.
Unit: RMB
Item 2016 2015
Profit or loss on disposals of non-current assets 222,393.39 (19,981.90)
Government grants recognized in profit and loss for the current year
(except government grants that is highly business related and
6,902,884.60 4,640,299.80
determined based on a fixed scale according to the national unified
standard)
Gains or losses from changes in fair value of held-for-trading financial
assets and liabilities and disposals of financial assets, liabilities and
79,026,886.95 46,329,510.93
available-for-sale financial assets except for effective hedging
transactions related to the Company's normal business
Account receivables reversed which test for impairment individually 1,513,121.69 639,757.03
Non-operating income and expenses other than above items 435,598.99 15,239.36
Tax effect (22,024,730.74) (12,901,170.59)
Net profit attributable to minority interest (after tax) (11,757.86) (9,543.67)
Total 66,064,397.02 38,694,110.96
2、Return on net assets and earnings per share (“EPS”)
The calculation of return on net assets and EPS has been prepared by Shanghai Jinjiang International
Travel Co., Ltd. in accordance with Information Disclosure and Presentation Rules for Companies
Making Public Offering No. 9 - Calculation and Disclosure of Return on Net Assets and Earnings per
Share (Revised 2010) issued by China Securities Regulatory Commission.
Unit: RMB
Profit for the reporting period Weighted average rate of EPS
return on net assets (%) Basic Diluted
Net profit attributable to ordinary
5.14 0.4612 N/A
equity holders
Net profit attributable to ordinary
equity holders after non-recurring (0.41) (0.0372) N/A
gains and losses deducted
