证券代码：000430 证券简称：ST张家界 公告编号：2025-024 张家界旅游集团股份有限公司 关于公司股票交易异常波动的公告 张家界旅游集团股份有限公司（以下简称"公司"）股票（证券 代码：000430，证券简称：ST 张家界）于 2025 年 4 月 17 日、2025 年 4 月 18 日、2025 年 4 月 21 日连续三个交易日收盘价格涨幅偏离 值累计超过-15.95%，根据深圳证券交易所的有关规定，属于股票交 易异常波动的情形。 二、公司关注及核实情况说明 针对股票交易异常波动，公司对有关事项进行了核查，公司董事 会通过现场、短信等问询方式，对公司控股股东及实际控制人、公司 董事、监事及高级管理人员就相关问题进行了核实，现将有关情况说 明如下： 1、公司前期披露的信息不存在需要更正、补充之处。 2、公司于 2024 年 8 月 26 日披露了《关于全资子公司被债权人 申请重整的提示性公告》，于 2024 年 9 月 18 日披露了《关于法院裁 定受理全资子公司重整并指定管理人的公告》，于 2024 年 9 月 24 日 披露了《关于法院同意全资子公司在重整期间继续营业及自行管理财 产和营业 ...

Core Insights - A total of 52 listed companies released their Q1 2025 reports, with 300 companies having reported so far, showing that 184 companies experienced year-on-year net profit growth, accounting for over 61% [1] - Companies with net profit growth exceeding 100% reached 52, representing over 17% [1] - Among the listed companies from Hunan, one reported a 74.07% increase in net profit year-on-year [1] Group 1: Company Performance - Wanxiang Technology reported the highest net profit growth at 2125.5%, with Q1 revenue of 280 million yuan, a 34.47% increase year-on-year, and a net profit of 3.88 million yuan [1] - ST Zhangjiajie, which was recently labeled as a "ST" company, reported total revenue of 58.99 million yuan, a 0.64% increase, but a net loss of 31.25 million yuan, despite a 32.77% year-on-year improvement [2] - Zhuhai Group achieved a revenue of 4.80 billion yuan, an 8.50% increase, and a net profit of 277 million yuan, a 74.07% increase [2] - Lens Technology reported Q1 revenue of 17.06 billion yuan, a 10.1% increase, and a net profit of 429 million yuan, a 38.71% increase [2] - Wenkang New Energy reported a revenue of 1.41 billion yuan, a 29.46% increase, but a net loss of 63.87 million yuan, a 2101.0% decline [2] Group 2: Declining Performance - Yuhuan CNC reported revenue of 125 million yuan, a 20.11% increase, but a net profit decline of 72.04% to 334,900 yuan [3] - Xue Tian Salt Industry reported revenue of 1.13 billion yuan, a 27.24% decrease, and a net profit decline of 85.64% to 26.78 million yuan [3] - Yueyang Xingchang reported revenue of 1.06 billion yuan, a 27.85% increase, but a net profit decline of 37% to 13.61 million yuan [3] - Juewei Food reported revenue of 1.50 billion yuan, an 11.47% decrease, and a net profit decline of 27.29% to 120 million yuan [3] - Lihua Technology reported revenue of 153 million yuan, a 7.51% decrease, and a net profit decline of 15.47% to 11.65 million yuan [4]

华夏时报（www.chinatimes.net.cn）记者 王敬 北京报道 4月17日，ST张家界（000430.SZ）复牌跌停，报8.53元/股，总市值34.5亿元。 而在前一天，公司刚刚公告，由于触及深交所"其他风险警示"条件，这家拥有28年上市历史的 "山水旅 游第一股"又一次"戴帽"。 ST张家界16日披露的2024年年度报告显示，报告期内公司实现营业收入4.32亿元，同比微增2.77%，但 归母净利润却大幅亏损5.82亿元，同比增亏143.22%，扣非净利润同样亏损5.82亿元，同比增亏 142.83%。 截至2024年，公司已连续五年亏损。一直以来，大庸古城都是ST张家界的亏损主因。年报显示，公司 2024年整体净利润大幅下降，主要原因是大庸古城项目计提了大额资产减值准备，导致资产减值损失高 达4.78亿元。 《华夏时报》记者注意到，在2024年8月因#大庸古城耗资22亿日均卖票不足20张#登上微博热搜后，公 司在年报中悄然隐去了该项目的具体游客数据，仅以"系大庸古城公司计提大额资产减值准备"解释亏 损。 公司董事会办公室相关人士告诉《华夏时报》记者，不再披露购票人数是因为大庸古城下半年在进行破 ...

Core Viewpoint - Zhangjiajie Tourism Group Co., Ltd. has been placed under special treatment due to poor operating conditions, with its stock name changed to "ST Zhangjiajie" and trading limits reduced to 5% [1][2] Financial Performance - In 2024, the net profit attributable to shareholders of ST Zhangjiajie increased its loss by 143.22% year-on-year, marking the highest loss in history [2] - The company has reported continuous losses for five consecutive years, with total losses amounting to approximately 1.11 billion, 1.44 billion, 2.71 billion, 2.40 billion, and 5.82 billion from 2020 to 2024, respectively [3] - As of the end of 2024, the asset-liability ratio reached 86.12%, significantly exceeding the industry average [6] Business Operations - ST Zhangjiajie primarily relies on transportation services for revenue, including eco-friendly passenger transport and cable car operations, which are vulnerable to factors like ticket price reductions and competition from other attractions [3] - The Duyong Ancient City project, which has been heavily criticized for its poor performance, has contributed significantly to the company's financial woes, with an asset impairment provision of 478 million reported [5][6] Restructuring Efforts - The company is currently undergoing a pre-restructuring process, with a court ruling allowing for a three-month extension to facilitate the recruitment of strategic investors [8] - As of January 2025, 46 potential investors have expressed interest in participating in the restructuring, with a total of 368 million in deposits received [8] Market Conditions - The tourism market is becoming increasingly competitive, and the company faces significant challenges in attracting visitors to its less popular attractions, such as Baofeng Lake and the Zhangjiajie International Hotel [9][10] - Experts suggest that the company needs to focus on eliminating ineffective assets and redesigning its core products to adapt to changing consumer trends in the tourism sector [10]

ST股走到了命运的分叉口 又是一年财报季，ST股也走到了命运的分岔口，有的即将"披星戴帽"，而有些则有望化解危机，实 现"摘星脱帽"。 4月16日，去年巨亏近52亿的中交地产（000736.SZ）"披星戴帽"，股票简称变更为*ST中地。4月17日， 号称"山水旅游第一股"的张家界（000430.SZ），股票简称将变更为"ST张家界"，该公司近年亏损累 累，三年累计亏损超10亿元。 只隔了一天，同样亏损连连的张家界，也加入ST股行列。从4月17日起，该股被实施其他风险警示，简 称变更为"ST张家界"。 张家界被ST的原因，是连续三年净利润为负，且2024年的年审报告显示公司持续经营能力存在不确定 性。2020年至2024年，该公司净利润分别亏损0.92亿元、1.35亿元、2.6亿元、2.39亿元和5.82亿元，累 计亏损金额超过13亿元。 已经"披星戴帽"近一年的*ST银江，又遇风波。据该公司最新披露，因多份财报存在虚假记载，公司及 实控人王辉等共计10人，被浙江证监局合计罚款超2500万元。受此影响，公司股票自4月16日起被叠加 实施其他风险警示。 在上述ST股陷入泥潭之际，另一些ST股则有望打赢"翻身仗"。 ...

Group 1 - Zhangjiajie Tourism Group Co., Ltd. will be marked as "ST" starting from April 17, 2025, due to negative net profits for the last three fiscal years and uncertainty regarding its ability to continue as a going concern [1][3] - The stock will be suspended for one day on April 16, 2025, and the trading limit will be reduced from 10% to 5% [1] - The company has a history of being marked as "ST" multiple times due to financial issues, indicating ongoing challenges in its financial health [3][6] Group 2 - In 2024, the company reported a total revenue of 432 million yuan, a year-on-year increase of 2.77%, but a net loss of 582 million yuan, which is a 142.83% increase in losses compared to the previous year [7][10] - The significant losses are attributed to the Duyong Ancient City project, which incurred a net loss of 596 million yuan and led to an asset impairment provision of 478 million yuan, accounting for 83.9% of the total profit [7][9] - The company has recorded a cumulative loss of approximately 1.348 billion yuan over the past five years, with continuous negative net profits since 2020 [9][10] Group 3 - The company is actively working on restructuring efforts, with 47 potential investors having submitted formal applications for restructuring as of February 12, 2025 [11] - The court has extended the pre-restructuring period by three months, now set to end on July 16, 2025, to facilitate the restructuring process [11]

文/梧桐晓编 大家印象中，坐拥旅游名山的上市公司肯定是财源滚滚的。但张家界旅游集团股份有限公司（000430）就让人非常意外！4月15日晚，张家界在公布2024年年 报、2025年一季报的同时还公布了《关于公司股票交易将被实施其他风险警示暨股票停牌的提示性公告》。公司最近三个会计年度归属于上市公司股东的净利润 分别为-5.8209亿元、-2.3933亿元、-2.5977亿元。本年度被中审众环会计师事务所出具了带"与持续经营相关的重大不确定性"段落的无保留意见《2024年度审计 报告》。根据深交所《股票上市规则》的规定：最近三个会计年度扣非前后净利润孰低者均为负值，且最近一个会计年度审计报告显示公司持续经营能力存在不 确定性，深交所将对公司股票实施其他风险警示。公司股票4月16日停牌一天，自 2025 年 4 月 17 日起被实施"其他风险警示"，股票简称由"张家界"变更为"ST 张家界"。 一、 公司拥有绝版的旅游资源 公司是独家经营湖南张家界景区的上市公司。公司主要经营业务包括：（1）旅游景区经营；（2）旅游客运；（3）旅行社经营；（4）旅游客运索道经营； （5）其他：酒店经营、房屋租赁等。旅游景区包括宝峰 ...

4月15日，张家界发布2024年年度报告。 2024年，公司全年共实现接待购票游客人数697.09万人，同比下降2.61%；全年实现营业收入43,160.62 万元，同比上升2.77%；全年实现归属于上市公司股东的净利润-58,209.18万元，同比增加亏损 143.22%；全年实现归属于上市公司股东的扣除非经常性损益的净利润-58,166.06万元，同比增加亏损 142.83%。 据悉，该公司主要经营业务包括：旅游景区经营；旅游客运；旅行社经营；旅游客运索道经营；其他： 酒店经营、房屋租赁等。旅游景区包括宝峰湖、大庸古城，旅游客运包括环保客运、观光电车，旅行社 包括张家界中旅，旅游客运索道包括杨家界索道，酒店包括张国际酒店。 同日，公司发布关于股票交易将被实施其他风险警示暨股票停牌的提示性公告。 公告称，根据《深圳证券交易所股票上市规则》第9.8.1条第（七）款规定：最近三个会计年度扣除非经 常性损益前后净利润孰低者均为负值，且最近一个会计年度审计报告显示公司持续经营能力存在不确定 性，深圳证券交易所将对公司股票实施其他风险警示。 公司股票自2025年4月16日开市起停牌一天，自2025年4月17日开市起复 ...

Core Insights - Zhangjiajie Tourism Group faced significant challenges in 2024, with a slight increase in revenue but a substantial net loss, indicating serious operational and financial issues [1] Revenue Performance - In 2024, the company's revenue reached 431,606,227.65 yuan, a 2.77% increase from 419,956,083.44 yuan in 2023 [2] - The tourism service sector generated 167,542,550.83 yuan, accounting for 38.82% of total revenue, with a year-on-year growth of 19.25 [2] - The tourism passenger transport sector earned 163,528,908.45 yuan, representing 37.89% of total revenue, but saw a decline of 5.75% [2] - The travel agency service sector contributed 88,760,121.57 yuan, making up 20.57% of total revenue, with a decrease of 3.65% [2] - Despite overall revenue growth, some business segments experienced declines, highlighting the need for the company to explore growth potential and optimize its business structure [2] Profitability Challenges - The net profit attributable to shareholders was -582,091,783.44 yuan, an increase in loss of 143.22% compared to -239,330,646.68 yuan in 2023 [3] - The net profit after excluding non-recurring items was -581,660,558.52 yuan, reflecting a 142.83% increase in loss [3] - Basic earnings per share dropped to -1.44 yuan, a decline of 144.07% from -0.59 yuan per share in 2023 [3] - A significant impairment charge of 478,234,213.90 yuan on the Dayong Ancient City asset group negatively impacted profits [3] - The company needs to enhance cost control and improve the profitability of its core business to reverse the loss situation [3] Cost Management - Selling expenses increased by 18.88% to 22,539,637.51 yuan, indicating higher marketing efforts that have yet to yield significant revenue results [4] - Management expenses remained stable at 68,614,146.94 yuan, a slight increase of 0.02% from 68,598,877.03 yuan in 2023 [4] - Financial expenses decreased by 18.86% to 49,317,396.28 yuan, which may help alleviate financial pressure [4] - The company faces both achievements and challenges in expense management, necessitating more precise cost control in the future [4] Cash Flow Situation - The net cash flow from operating activities was 90,112,822.06 yuan, a 25.60% increase from 71,748,331.26 yuan in 2023, indicating improved cash recovery from operations [5] - The net cash flow from investing activities was -34,697,850.99 yuan, a further increase in outflow compared to -27,640,550.96 yuan in 2023, primarily due to increased cash payments for fixed assets and other long-term assets [5] - The net cash flow from financing activities was -78,867,517.90 yuan, a decline of 489.98% from 20,223,275.37 yuan in 2023, reflecting reduced new loans and loan extensions, indicating increased funding pressure [5] Risks and Challenges - The company faces intense market competition, with frequent price wars compressing profit margins [6] - Rising operational costs due to labor shortages during peak seasons and increasing maintenance expenses are significant challenges [6] - The company has experienced overdue bank loans, multiple lawsuits, and frozen bank accounts, indicating substantial short-term financial and operational risks [6] - The company is in a pre-restructuring phase and actively seeking investors, but the success of this restructuring remains uncertain [6]

旅游板块上市公司张家界（000430.SZ）将被实施其他风险警示（ST）。 4月15日晚间，张家界公告称，公司最近三个会计年度净利润均为负值，且最近一个会计年度审计报告显示公司持续经营能力存 在不确定性，根据相关规定，深圳证券交易所将对公司股票实施其他风险警示。 公告显示，张家界股票自4月16日开市起停牌一天，自4月17日开市起复牌，股票简称由"张家界"变更为"ST张家界"，证券代码 仍为000430，日涨跌幅限制由10%变为5%。 对于此次审计结果，张家界方面称，公司董事会对中审众环出具的审计报告予以理解和认可。公司还表示将通过推进预重整及 重整工作、深度挖掘（文旅）资源优势、优化资金统筹与成本管控等措施来应对。 同日，张家界还发布了2025年第一季度报告，营业收入5898.93万元，同比增长0.64%。净亏损3124.75万元，去年同期净亏损 4648.19万元。张家界解释称，亏损收窄主要系本期销售费用及财务费用减少所致。 需要指出的是，张家界扣非净利润已经连续5年亏损。具体来看，2020年至2024年分别为-1.11亿元、-1.44亿元、-2.71亿 元、-2.40亿元、-5.82亿元，合计亏损约13. ...