Core Insights - ST Zhangjiajie reported a total revenue of 194 million yuan for the first half of 2025, marking an 11.4% year-on-year increase, while the net profit attributable to shareholders was -33.27 million yuan, improving by 45.6% compared to the previous year [1] Financial Performance - Total revenue for the second quarter of 2025 reached 135 million yuan, reflecting a 16.86% increase year-on-year [1] - The gross profit margin improved to 13.44%, up 38.16% year-on-year, while the net profit margin was -17.17%, an improvement of 51.17% [1] - The total of selling, administrative, and financial expenses was 49.32 million yuan, accounting for 25.45% of revenue, a decrease of 32.46% year-on-year [1] - The company reported a significant decline in cash flow, with operating cash flow per share dropping to 0.0 yuan, a decrease of 94.62% year-on-year [1] Debt and Liquidity - The company faces increased short-term debt pressure, with a current ratio of 0.15 [1] - Interest-bearing liabilities rose slightly to 1.294 billion yuan, a 1.1% increase year-on-year [1] - Cash and cash equivalents increased by 93.54%, attributed to changes in operating, investing, and financing activities [3] Cost Structure - Sales expenses increased by 63.28% due to higher advertising costs [3] - Financial expenses decreased by 61.36% as a result of reduced costs at a subsidiary [3] - Income tax expenses fell by 36.83% due to decreased revenue in the tourism and transportation sectors [3] Historical Performance - The company has a poor historical performance with a median ROIC of -1.6% over the past decade, and a particularly low ROIC of -28.68% in 2024 [4] - The company has reported losses in 11 out of 28 annual reports since its listing, indicating a challenging financial history [4]

Core Insights - ST Zhangjiajie reported a revenue of 194 million yuan for the first half of 2025, representing a year-on-year increase of 11.40% [1] - The net profit attributable to shareholders of the listed company was a loss of 33.27 million yuan, which reflects a year-on-year reduction in losses by 45.60% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of 33.17 million yuan, showing a year-on-year reduction in losses by 45.84% [1]

Group 1: Financial Performance - The company's total revenue for the first half of 2025 was 194 million yuan, an increase of 19.83 million yuan compared to the same period last year, representing a year-on-year growth of 11.40% [1] - The net profit attributable to shareholders was -33.27 million yuan, an increase of 27.89 million yuan compared to the same period last year [1] - The net cash inflow from operating activities was 1.02 million yuan [1] Group 2: Financial Ratios - The latest debt-to-asset ratio is 87.70% [3] - The latest gross profit margin is 13.44%, which is an increase of 18.85 percentage points from the previous quarter and an increase of 3.71 percentage points from the same period last year [3] - The latest return on equity (ROE) is -12.97% [3] Group 3: Earnings Per Share and Turnover Ratios - The diluted earnings per share is -0.08 yuan, an increase of 0.07 yuan compared to the same period last year [3] - The latest total asset turnover ratio is 0.09 times, an increase of 0.03 times compared to the same period last year, achieving a 40.54% year-on-year increase [3] - The latest inventory turnover ratio is 46.00 times, ranking first among disclosed peers, with an increase of 3.81 times compared to the same period last year, achieving a 9.02% year-on-year increase [3] Group 4: Shareholder Information - The number of shareholders is 23,300, with the top ten shareholders holding 197 million shares, accounting for 48.74% of the total share capital [3] - The largest shareholder is Zhangjiajie Economic Development Investment Group Co., Ltd., holding 27.80% of the shares [3]

Core Viewpoint - The company reported a revenue of 193.81 million yuan for the reporting period, reflecting a year-on-year increase of 11.40%, while the net profit attributable to shareholders was a loss of 33.27 million yuan, representing a year-on-year reduction in losses of 45.60% [8]. Company Overview - The company did not distribute cash dividends, issue bonus shares, or increase capital from reserves during the reporting period [3]. - There were no changes in the controlling shareholder or actual controller during the reporting period [5][6]. - The company has no preferred shareholders or related shareholding changes [7]. Financial Data - The company achieved a net profit attributable to shareholders of -33.27 million yuan, with a year-on-year reduction in losses of 45.60% [8]. - The net profit after deducting non-recurring gains and losses was -33.17 million yuan, also showing a year-on-year reduction in losses of 45.84% [8].

Group 1 - The core point of the article is that Zhangjiajie Tourism Group Co., Ltd. (referred to as "ST Zhangjiajie") reported its semi-annual results for 2025, showing a revenue of 194 million yuan, which represents a year-on-year growth of 11.4% [1] - The company achieved a net loss attributable to shareholders of 33.27 million yuan, indicating a reduction in losses compared to the previous year [1]

Core Viewpoint - ST Zhangjiajie reported a revenue of 194 million yuan for the first half of 2025, reflecting a year-on-year growth of 11.40% [1] Financial Performance - The company recorded a net profit attributable to shareholders of -33.27 million yuan [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -33.17 million yuan [1] - Basic earnings per share stood at -0.08 yuan [1]

Core Viewpoint - ST Zhangjiajie (000430.SZ) reported a revenue of 194 million yuan for the first half of 2025, reflecting a year-on-year growth of 11.40% [1] Financial Performance - The net loss attributable to shareholders of the listed company was 33.27 million yuan, a year-on-year reduction of 45.60% [1] - The net loss attributable to shareholders after deducting non-recurring gains and losses was 33.17 million yuan, narrowing by 45.84% year-on-year [1] - The basic loss per share was 0.08 yuan [1]

Core Viewpoint - ST Zhangjiajie reported its 2025 semi-annual results, showing a revenue increase and a significant change in net profit, indicating potential recovery and growth in the company's financial performance [1] Financial Performance - The company achieved an operating revenue of 194 million, representing a year-on-year growth of 11.40% [1] - The net profit attributable to shareholders was -33 million, showing a year-on-year increase of 45.60% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was also -33 million, with a year-on-year growth of 45.84% [1] - The basic earnings per share were -0.08 yuan [1]

| 第一章 总则 . | | --- | | 第二章 责任体系 . | | 第三章 资金收支两条线 . | | 第四章 货币资金管理 . | | 第一节 资金预算 59 | | 第二节 资金管理 . | | 第三节 财务印鉴 . | | 第四节 票据管理 62 | | 第五章 资金审批 . | | 第一节 日常审批 63 | | 第二节 重大财务决策 | | 第六章 担保管理 . | | 第一节 担保申请与审核 66 | | 第二节 合同审查与风险评估 . | | 第三节 担保后管理 67 | | 第七章 应收账款管理 . | | 第一节 管理措施 . | | 第二节 坏账核销 | | 第三节 责任追究 . | | 笋八音 70 | 第一条 为规范和加强张家界旅游集团股份有限公司（以下简称"公司"）及各 分、子公司（以下简称"成员公司"）资金活动管理，适应公司发展需要，保证资 金的安全、流动和高效运转，提高资金使用效率，控制资金运用风险，促进资金 管理水平提升，根据《企业内部控制基本规范》的要求，特制定本制度。 第二条 本制度所称资金活动包括资金预算、资金管理、财务印鉴管理、票 据管理、担保管理、应收账款管理 ...

张家界旅游集团股份有限公司 2025 年半年度财务报告 张家界旅游集团股份有限公司 13 张家界旅游集团股份有限公司 2025 年半年度财务报告 一、 审计报告 半年度报告是否经过审计 □是 否 公司半年度财务报告未经审计。 二、 财务报表 财务附注中报表的单位为：元 1、合并资产负债表 编制单位：张家界旅游集团股份有限公司 2025 年 06 月 30 日 2025 年半年度财务报告 单位：元 | 项目 | 期末余额 | 期初余额 | | --- | --- | --- | | 流动资产： | | | | 货币资金 | 69,845,064.22 | 72,030,014.28 | | 结算备付金 | | | | 拆出资金 | | | | 交易性金融资产 | | | | 衍生金融资产 | | | | 应收票据 | | | | 应收账款 | 7,993,476.78 | 5,746,841.52 | | 应收款项融资 | | | | 预付款项 | 21,351,558.92 | 8,397,974.07 | | 应收保费 | | | | 应收分保账款 | | | | 应收分保合同准备金 | | | | 其他应 ...