Core Viewpoint - ST Zhang Stock (000430) is expected to report a net loss of 450 million to 550 million yuan for the year 2025, indicating a year-on-year decline of 5.51% to 22.69% [1] Financial Performance - The company's net profit, excluding non-recurring gains and losses, is projected to be a loss of 432 million to 532 million yuan, reflecting a year-on-year decrease of 8.54% to 25.73% [1]

Group 1 - The company anticipates a loss for the fiscal year 2025, covering the period from January 1, 2025, to December 31, 2025 [1] - The loss is primarily attributed to expected asset impairment related to the Duyong Ancient City, with the final amount to be determined after evaluation and audit by appointed agencies [1] - The company has communicated with its accounting firm regarding the earnings forecast, and there are no disagreements on the forecast matters [1]

Core Viewpoint - *ST Zhanggu (000430.SZ) is expected to report a net loss attributable to shareholders of the listed company ranging from 450 million to 550 million yuan for the fiscal year 2025, primarily due to anticipated asset impairment related to Dayong Ancient City [1] Summary by Category Financial Performance - The company forecasts a net loss of 450 million to 550 million yuan for the year 2025 [1] - The loss is attributed to expected asset impairment, which will be finalized after evaluation and audit by appointed assessment and auditing agencies [1]

Core Viewpoint - *ST Zhanggu (000430.SZ) expects a net loss attributable to shareholders of the listed company between 450 million yuan and 550 million yuan for the fiscal year 2025, primarily due to anticipated asset impairment related to Dayong Ancient City [1] Financial Performance - The projected net loss for 2025 is estimated to be between 450 million yuan and 550 million yuan [1] - The final amount of asset impairment will be determined after evaluation and auditing by the company's appointed assessment and auditing institutions [1]

Financial Performance Expectations - The company expects a net loss for the fiscal year 2025, estimated between CNY 45 million and CNY 55 million, compared to a loss of CNY 58.21 million in the same period last year[3] - The net profit attributable to shareholders is projected to decrease the loss by 22.69% to 5.51% compared to the previous year[3] - The basic earnings per share are expected to be a loss of CNY 0.56 to CNY 0.68, compared to a loss of CNY 1.44 per share last year[3] - Operating revenue is anticipated to be between CNY 40 million and CNY 48 million, down from CNY 43.16 million in the previous year[3] Asset Impairment - The company plans to recognize asset impairment related to the Dayong Ancient City, with the final amount subject to assessment and audit[5] Financial Reporting - The financial data provided is a preliminary estimate and has not been audited by the accounting firm, with detailed financial data to be disclosed in the 2025 annual report[6]

Core Insights - The tourism and scenic spots sector experienced a decline of 0.92% on January 13, with *ST Zhang leading the drop [1] - The Shanghai Composite Index closed at 4138.76, down 0.64%, while the Shenzhen Component Index closed at 14169.4, down 1.37% [1] Sector Performance - Notable gainers in the tourism sector included: - Shaanxi Tourism (603402) with a closing price of 146.00, up 5.42% [1] - Zhongxin Tourism (002707) with a closing price of 7.51, up 2.88% [1] - Changzi Mountain (603099) with a closing price of 45.92, up 0.81% [1] - Major decliners included: - *ST Zhang (000430) with a closing price of 7.42, down 2.88% [2] - Caesar Culture (000796) with a closing price of 6.41, down 2.88% [2] - Sanxia Tourism (002627) with a closing price of 7.73, down 2.52% [2] Capital Flow - The tourism and scenic spots sector saw a net outflow of 365 million yuan from main funds, while retail investors contributed a net inflow of 275 million yuan [2] - The main funds' net inflow for notable companies included: - Changzi Mountain (603099) with a net inflow of 25.20 million yuan [3] - Zhongxin Tourism (002707) with a net inflow of 15.73 million yuan [3] - Dalian Shengya (600593) with a net inflow of 14.02 million yuan [3]

Core Viewpoint - Caesar Travel Industry Co., Ltd. has officially acquired a 400 million A-share stake in Zhangjiajie Tourism Group Co., Ltd. for 15.84 million yuan, marking a strategic investment relationship between the two companies after eight months of collaboration [2][4]. Group 1: Investment Details - The investment of 15.84 million yuan represents a minor financial impact on both companies, but it is significant for strategic positioning rather than financial returns [2][3]. - The formal cooperation began with a strategic cooperation framework agreement signed on April 24, 2025, aimed at establishing a long-term partnership across various tourism sectors [2]. - The investment agreement signed on November 13, 2025, specified the investment amount, share price, and number of shares, transitioning the partnership from strategic intent to actual capital involvement [3]. Group 2: Financial Performance - In the first three quarters of 2025, Caesar Travel reported total revenue of 541 million yuan, a year-on-year increase of 6.52%, but incurred a net loss of 26.78 million yuan, indicating a "revenue without profit" situation [5]. - Zhangjiajie Tourism Group achieved total revenue of 337 million yuan in the same period, an 8.51% increase, and turned a profit in the third quarter with a net profit of 10.87 million yuan, reflecting a significant recovery [6]. Group 3: Strategic Implications - The partnership is seen as a strategic move for Caesar Travel to strengthen its position in the domestic tourism market, particularly as the recovery of domestic tourism outpaces outbound travel [6][7]. - The collaboration aims to enhance the product competitiveness of Caesar Travel by integrating core tourism resources, transitioning from a channel-based model to a resource + channel integrated operator [6]. - Future cooperation will focus on tourism resource integration, joint product development, and supply chain management, with the goal of establishing Zhangjiajie Tourism Group as a comprehensive tourism solution provider [7].

证券代码：000430 证券简称：*ST张股 公告编号：2025-079 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 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导 性陈述或重大遗漏。 一、股票交易异常波动的情况介绍 张家界旅游集团股份有限公司（以下简称"公司"）股票连续 3 个交易日累计偏离 13.39%，属于《深圳证券交易所交易规则》规定 的股票交易异常波动的情况。 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 产和营业事务的公告》《关于公司部分债务逾期、提前到 ...

登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：000430 证券简称：*ST张股 公告编号：2025-078 张家界旅游集团股份有限公司 本次司法扣划后，公司相关股东持有公司权益发生变动，具体内容详见公司于2025年12月25日披露的 《张家界旅游集团股份有限公司简式权益变动报告书》和《张家界旅游集团股份有限公司详式权益变动 报告书》。 公司提醒广大投资者，公司指定信息披露媒体为《证券时报》《上海证券报》《证券日报》《中国证券 报》及巨潮资讯网（网址为：http://www.cninfo.com.cn），公司所有信息均以在上述指定媒体刊登信息 为准，敬请广大投资者谨慎决策，注意投资风险。 特此公告。 张家界旅游集团股份有限公司董事会 一、资本公积金转增股本的实施情况 截至目前，公司为执行重整计划拟转增的404,817,686股股份已全部完成转增，其中366,000,000股为首发 后限售股，38,817,686股为无限售条件流通股；公司总股本由404,817,686股增至809,635,372股。上述 404,817,686股转增股份已于2025年12月26日全部登记至管理人开立的张家界旅游集团 ...

Core Viewpoint - Mango Excellent Media announced that it and its wholly-owned subsidiary, Happy Sunshine, subscribed to 120 million shares of Zhanglv Group, with a total investment of approximately 475 million yuan [1] Group 1 - The company directly subscribed to 30 million shares, with a lock-up period of 18 months [1] - Happy Sunshine subscribed to 90 million shares, also with a lock-up period of 18 months [1] - The total investment from Dianguang Media and its subsidiaries amounted to approximately 317 million yuan for 80 million shares [1] Group 2 - As of December 30, 2025, the share transfer procedures have been completed [1] - The company directly holds 30 million shares of Zhanglv Group, while Happy Sunshine holds 90 million shares, totaling 120 million shares, all of which are subject to a lock-up period of 18 months [1]