Group 1 - Huangshan Tourism announced the convening of its 15th meeting of the 9th Board of Directors on October 28, 2025, via communication voting [1] - The meeting reviewed the profit distribution plan for the first three quarters of 2025 [1] Group 2 - For the first half of 2025, the revenue composition of Huangshan Tourism is as follows: cable car operations accounted for 37.86%, tourism services for 24.85%, hotel operations for 22.23%, scenic area business for 14.65%, and Huizhou cuisine for 13.88% [1]

Core Viewpoint - Huangshan Tourism (600054) reported a revenue of 1.535 billion yuan for the first three quarters of the year, reflecting an 8.75% year-on-year growth, while net profit decreased by 11.02% to 253 million yuan due to increased fees for the use of scenic resources [1] Financial Performance - The company achieved an operating income of 1.535 billion yuan, which is an increase of 8.75% compared to the previous year [1] - The net profit for the period was 253 million yuan, showing a decline of 11.02% year-on-year [1] Dividend Announcement - The company plans to distribute a cash dividend of 0.7 yuan (including tax) for every 10 shares to all shareholders [1]

Core Insights - Huangshan Tourism reported a revenue of 595 million yuan for Q3 2025, representing a year-on-year increase of 3.05% [1] - The net profit attributable to shareholders of the listed company was 127 million yuan, showing a year-on-year decline of 17.17% [1] Financial Performance - Revenue for the third quarter reached 595 million yuan, up 3.05% compared to the same period last year [1] - Net profit attributable to shareholders decreased to 127 million yuan, down 17.17% year-on-year [1]

Core Insights - Huangshan Tourism reported a revenue of 1.535 billion yuan for the first three quarters of 2025, representing a year-on-year increase of 8.75% [1] - The company's net profit attributable to shareholders was 253 million yuan, a year-on-year decrease of 11.02% [1] - The basic earnings per share stood at 0.35 yuan [1] Financial Performance - The gross profit margin for the first three quarters was 48.60%, down 4.81 percentage points year-on-year [2] - The net profit margin was 17.89%, a decrease of 4.26 percentage points compared to the same period last year [2] - In Q3 2025, the gross profit margin was 53.61%, showing a year-on-year decline of 4.43 percentage points but a quarter-on-quarter increase of 3.53 percentage points [2] - The net profit margin for Q3 was 23.13%, down 5.66 percentage points year-on-year but up 4.91 percentage points from the previous quarter [2] Expense Analysis - Total operating expenses for the period were 312 million yuan, an increase of 17.646 million yuan year-on-year [2] - The expense ratio was 20.33%, a decrease of 0.53 percentage points compared to the same period last year [2] - Sales expenses increased by 53.32% year-on-year, while management expenses decreased by 2.51% [2] - R&D expenses rose by 37.11%, and financial expenses surged by 225.41% [2] Shareholder Information - As of the end of Q3 2025, the total number of shareholders was 57,700, an increase of 1,382 or 2.45% from the end of the previous half [2] - The average market value per shareholder decreased from 152,000 yuan at the end of the previous half to 148,600 yuan, a decline of 2.23% [2] Company Overview - Huangshan Tourism Development Co., Ltd. is located in Tunxi District, Huangshan City, Anhui Province, and was established on November 18, 1996 [3] - The company was listed on May 6, 1997, and its main business includes garden development, cable car services, hotel accommodations, tourism services, and real estate development [3] - The revenue composition is as follows: tourism services 81.67%, garden development 13.07%, other segments 3.53%, and supplementary 2.20% [3] - The company belongs to the social services sector, specifically tourism and scenic areas, and is associated with concepts such as online tourism and tourism hotels [3]

Core Insights - Huangshan Tourism reported a revenue of 595 million yuan for Q3 2025, representing a year-on-year increase of 3.05% [1] - The net profit attributable to shareholders decreased by 17.17% to 127 million yuan compared to the same period last year [1] - The number of visitors to Huangshan Scenic Area reached 1.4931 million, showing a slight increase of 0.02% year-on-year [1]

格隆汇10月28日丨黄山旅游(600054.SH)发布三季报，2025年前三季度实现营业总收入15.35亿元，同比 增长8.75%；归属母公司股东净利润2.53亿元，同比下降11.02%；基本每股收益为0.3475元。此外，拟 对A股股东每10股派发现金红利0.7元(含税)。 MACD金叉信号形成，这些股涨势不错！ ...

证券代码：600054(Ａ股) 股票简称：黄山旅游(Ａ股) 编号：2025-042 900942(Ｂ股) 黄山Ｂ股(Ｂ股) 本公司监事会及全体监事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 表决结果：同意 3 票，反对 0 票，弃权 0 票。 监事会认为：公司 2025 年第三季度报告的内容和格式符合中国证监会及上 海证券交易所的各项规定，所包含的信息能够从各方面真实地反映出公司 2025 年第三季度的经营成果和财务状况等事项；报告的编制和审议程序符合有关法律 法规、规范性文件、《公司章程》和公司内部管理制度的各项规定；监事会未发 现参与三季报编制和审议的人员有违反保密规定的行为。同意公司 2025 年第三 季度报告。 报告全文详见上海证券交易所网站（www.sse.com.cn）。 二、审议通过了《公司 2025 年前三季度利润分配预案》。 表决结果：同意 3 票，反对 0 票，弃权 0 票。 监事会认为：公司 2025 年前三季度利润分配预案符合公司实际情况和未来 经营发展的需要，有利于公司正常经营和持续稳定健康发展，符合有关法律法规、 规 ...

黄山旅游发展股份有限公司 第九届董事会第十五次会议决议公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 黄山旅游发展股份有限公司（以下简称"公司"）第九届董事会第十五次会 议通知于 2025 年 10 月 18 日以书面送达、传真或者电子邮件等方式发出，会议 于 2025 年 10 月 28 日以通讯表决方式召开。本次会议应出席董事 9 名，实际出 席董事 9 名。本次会议由公司董事长章德辉先生召集并主持。本次会议的召开符 合《公司法》和《公司章程》的有关规定。本次会议审议情况如下： 证券代码：600054(Ａ股) 股票简称：黄山旅游(Ａ股) 编号：2025-041 900942(Ｂ股) 黄山Ｂ股(Ｂ股) 一、审议通过了《公司 2025 年第三季度报告》； 表决结果：同意 9 票，反对 0 票，弃权 0 票。 本议案已经公司董事会审计委员会审议通过。 报告全文详见上海证券交易所网站（www.sse.com.cn）。 二、审议通过了《公司 2025 年前三季度利润分配预案》。 表决结果：同意 9 票，反对 0 票，弃权 0 ...

证券代码：600054(Ａ股) 股票简称：黄山旅游(Ａ股) 编号：2025-043 900942(Ｂ股) 黄山Ｂ股(Ｂ股) 黄山旅游发展股份有限公司 关于 2025 年前三季度利润分配预案的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： ● 每股分配比例：A 股每股派发现金红利 0.07 元（含税），B 股折算成美 元派发。 公 司 2025 年 前 三 季 度 合 并 报 表 归 属 于 上 市 公 司 股 东 的 净 利 润 为 253,490,590.84 元（未经审计）。截至 2025 年 9 月 30 日，公司母公司报表中期 末未分配利润为人民币 3,753,785,529.38 元（未经审计）。经公司第九届董事会 第十五次会议决议，公司 2025 年前三季度拟以实施权益分派股权登记日登记的 总股本为基数分配利润。本次利润分配预案如下： 1、公司拟向全体股东每 10 股派发现金红利 0.70 元（含税）。截至 2025 年 9 月 30 日，公司总股本 729,379,440 股，以此计算合计拟 ...

Financial Performance - The company's operating revenue for the third quarter was CNY 595,385,679.34, representing a year-on-year increase of 3.05%[4] - The total profit for the quarter was CNY 199,189,270.09, showing a decrease of 13.65% compared to the same period last year[4] - The net profit attributable to shareholders was CNY 126,925,326.02, down 17.17% year-on-year[4] - The basic earnings per share for the quarter was CNY 0.1740, reflecting a decline of 17.18% compared to the previous year[5] - The company achieved operating revenue of RMB 1.535393 billion, an increase of RMB 123.5588 million, representing a growth of 8.75% year-on-year[12] - The net profit attributable to shareholders of the listed company was RMB 253.4906 million, a decrease of RMB 31.4066 million, reflecting a decline of 11.02% year-on-year, primarily due to increased resource usage fees[12] - Net profit for the first three quarters of 2025 was ¥274,752,462.92, a decrease of 12.2% from ¥312,750,418.44 in the same period of 2024[20] - The company reported a total comprehensive income of ¥276,577,662.92 for the first three quarters of 2025, down from ¥320,402,218.44 in the same period of 2024, a decrease of 13.7%[21] Assets and Liabilities - The total assets at the end of the reporting period amounted to CNY 5,913,341,552.50, an increase of 3.16% from the end of the previous year[5] - The total assets of the company as of the end of the reporting period were ¥5,913,341,552.50, up from ¥5,732,301,996.17 at the end of the previous period[16] - Total liabilities increased to ¥917,964,464.48, compared to ¥873,235,828.70 in the previous period, marking a rise of 5.2%[16] - The company's total current assets amounted to RMB 2.005 billion, slightly up from RMB 2.004 billion at the end of 2024[14] - The company's long-term equity investments decreased from RMB 185.0567 million to RMB 169.458 million[15] - The company's inventory decreased from RMB 47.9685 million to RMB 42.8945 million[15] - The company reported a total non-current asset value of RMB 3.9083 billion, an increase from RMB 3.7274 billion[15] Shareholder Information - The total equity attributable to shareholders increased to CNY 4,787,203,918.86, a rise of 2.79% from the previous year-end[5] - The equity attributable to shareholders of the parent company rose to ¥4,787,203,918.86, compared to ¥4,657,341,391.70 in the previous period, an increase of 2.8%[17] - The total number of ordinary shareholders at the end of the reporting period was 57,716[10] Cash Flow - The net cash flow from operating activities for the year-to-date was CNY 500,926,909.38, up 22.84% compared to the same period last year[4] - Cash generated from operating activities was ¥1,582,199,756.76 in the first three quarters of 2025, compared to ¥1,457,570,472.00 in the same period of 2024, reflecting an increase of 8.5%[23] - The net cash flow from operating activities was $500,926,909.38, an increase from $407,773,726.63 in the previous period, reflecting a growth of approximately 22.5%[24] - Total cash inflow from operating activities amounted to $1,894,963,101.24, compared to $1,732,651,185.79, indicating an increase of about 9.4%[24] - Cash outflow from operating activities was $1,394,036,191.86, up from $1,324,877,459.16, representing a rise of approximately 5.2%[24] Investments and Projects - Huangshan Cloud Fun Park Service Co., Ltd. was established to participate in bidding for state-owned land use rights, with the company successfully acquiring land use rights for a specific plot[13] - The non-public offering project for the renovation of the North Sea Hotel in Huangshan Scenic Area was completed and opened on September 20, 2025[13] Future Plans and Standards - The company plans to implement new accounting standards starting in 2025, which may affect the financial statements[26]