通过天眼查大数据分析，西安旅游股份有限公司共对外投资了18家企业，参与招投标项目52次，知识产 权方面有商标信息46条，此外企业还拥有行政许可32个。 来源：金融界 西安旅游最新一期业绩显示，截至2025一季报，公司营业总收入9489.34万元、同比减少27.40%，归属 净利润3231.90万元，同比减少7.32%，扣非净利润3243.74万元，同比减少7.34%，流动比率0.608、速动 比率0.279、资产负债率91.16%。 天眼查商业履历信息显示，西安旅游股份有限公司，成立于1996年，位于西安市，是一家以从事公共设 施管理业为主的企业。企业注册资本23674.7901万人民币，实缴资本23674.7901万人民币。公司法定代 表人为陆飞。 金融界消息 截至2025年8月14日收盘，西安旅游（000610）报收于12.83元，上涨1.1%，换手率8.83%， 成交量20.80万手，成交金额2.69亿元。 资金流向方面，今日主力资金净流入2961.18万元，占比成交额11.02%。其中，超大单净流入734.46万 元、占成交额2.73%，大单净流入2226.72万元、占成交额8.29%，中单净流出流出 ...

天眼查商业履历信息显示，西安旅游股份有限公司，成立于1996年，位于西安市，是一家以从事公共设 施管理业为主的企业。企业注册资本23674.7901万人民币，实缴资本23674.7901万人民币。公司法定代 表人为陆飞。 通过天眼查大数据分析，西安旅游股份有限公司共对外投资了18家企业，参与招投标项目52次，知识产 权方面有商标信息46条，此外企业还拥有行政许可32个。 金融界消息 截至2025年8月13日收盘，西安旅游（000610）报收于12.69元，下跌0.31%，换手率 3.66%，成交量8.63万手，成交金额1.10亿元。 资金流向方面，今日主力资金净流出1231.08万元，占比成交额11.21%。其中，超大单净流出724.88万 元、占成交额6.6%，大单净流出506.20万元、占成交额4.61%，中单净流出流入619.71万元、占成交额 5.64%，小单净流入611.37万元、占成交额5.57%。 西安旅游最新一期业绩显示，截至2025一季报，公司营业总收入9489.34万元、同比减少27.40%，归属 净利润3231.90万元，同比减少7.32%，扣非净利润3243.74万元，同比减少7.34 ...

证券之星消息，8月5日旅游及景区板块较上一交易日上涨0.99%，西藏旅游领涨。当日上证指数报收于 3617.6，上涨0.96%。深证成指报收于11106.96，上涨0.59%。旅游及景区板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 600749 | 四藏旅游 | 26.53 | 4.53% | 61.80万 | 15.58亿 | | 000558 | 天府文旅 | 7.32 | 4.13% | 310.63万 | 22.05亿 | | 000796 | 凯撒旋业 | 5.44 | 2.26% | 170.69万 | 9.21亿 | | 660509 | 长自山 | 37.80 | 1.45% | 4.96万 | 1.86亿 | | 002707 | 众信旅游 | 7.63 | 0.93% | 17.71万 | 1.34亿 | | 002159 | 三特索道 | 15.46 | 0.91% | 3.35万 | 5149.45万 | | 000610 | 西安旅游 | 12. ...

Group 1 - The tourism and hotel sector is experiencing a significant downturn, with multiple companies facing substantial declines in stock prices [1] - Xizang Tourism (600749) has hit the daily limit down, indicating severe market reaction [1] - Tianfu Cultural Tourism (000558) has dropped over 3%, reflecting negative sentiment in the industry [1] Group 2 - Other companies such as Xiyu Tourism (300859), Qujiang Cultural Tourism (600706), and Xi'an Tourism (000610) have also seen notable declines in their stock prices [1]

Core Viewpoint - The night tourism industry in China is expected to grow significantly, with total spending projected to reach 1.91 trillion yuan in 2024, marking a year-on-year increase of 21.7% [1][7][20]. Night Tourism Industry Definition and Types - Night tourism refers to various tourism and leisure activities conducted between dinner and bedtime, extending tourism activities from day to night. Key projects include night sightseeing, cultural experiences, dining, shopping, and emerging activities like night camping and night cycling [2][5]. Current Development Status of Night Tourism Industry - In 2024, the total number of domestic tourists in China is expected to reach 5.615 billion, with urban residents accounting for 4.37 billion and rural residents for 1.245 billion [5][7]. Night Tourism Industry Development Environment - Related Policies - New policies encouraging night economy activities, including dining, cultural entertainment, and tourism, are being implemented across various regions in China to promote high-quality development of the night economy [14][16]. Night Tourism Industry Competitive Landscape - The night tourism industry has formed a competitive landscape characterized by a "national team leading, cultural tourism groups competing, and new forces breaking through" model. Key players include Liard, Xi'an Tourism, Overseas Chinese Town, and Songcheng Performance [17][19]. Night Tourism Industry Development Strategies - Developing night tourism is seen as an effective way to achieve high-quality and connotative development in the tourism industry. It can promote structural reforms and upgrades in tourism supply, enhance the overall utilization of tourism resources, and improve the tourist experience [20].

Group 1 - The tourism and scenic spots sector increased by 0.27% compared to the previous trading day, with Tibet Tourism leading the gains [1] - On the same day, the Shanghai Composite Index closed at 3609.71, up 0.33%, while the Shenzhen Component Index closed at 11289.41, up 0.64% [1] - Tibet Tourism's stock price rose by 10.00% to 23.31, with a trading volume of 39,900 lots and a transaction value of 92.95 million yuan [1] Group 2 - The main funds in the tourism and scenic spots sector experienced a net outflow of 285 million yuan, while retail investors saw a net inflow of 283 million yuan [3] - Speculative funds had a net inflow of 2.35 million yuan [3]

Core Viewpoint - The traditional business model of Xi'an's tourism and hospitality industry is facing structural crises, as evidenced by the continuous losses of leading companies despite high visitor numbers and revenue potential [2][5][9] Financial Performance - In the first half of 2025, the three major tourism companies in Xi'an are expected to collectively incur losses exceeding 100 million yuan, with Xi'an Tourism and Xi'an Catering projecting losses of 49 million to 69 million yuan and 48 million to 60 million yuan respectively [3][5] - Xi'an Catering's losses have narrowed compared to the previous year, while Qujiang Cultural Tourism is experiencing a significant increase in its non-recurring losses [3][4] Industry Challenges - The industry is grappling with a reliance on ticket sales and traditional business models, leading to a weak profit conversion from high visitor traffic [2][6] - The operational costs of major attractions are high, and the inability to effectively convert visitor traffic into secondary consumption and derived income is a persistent issue [2][6] Resource Dependency - Despite holding monopolistic resources in the tourism sector, the companies are trapped in a cycle of continuous losses, revealing the limitations of their resource-dependent growth strategies [5][9] - The companies have diversified into various sectors such as oil, real estate, and healthcare, but this shift has led to a deviation from their core business and weakened their operational focus [5][6] Market Dynamics - The emergence of new consumer trends is reshaping market rules, with traditional brands struggling to adapt to the preferences of younger consumers [6][7] - The competitive landscape is intensifying, with online travel agencies (OTAs) disrupting traditional distribution channels, further complicating the companies' ability to maintain profitability [6][7] Strategic Responses - Qujiang Cultural Tourism is initiating a "intellectual property strategy transformation" to monetize its core attractions through IP registration and collaboration with brands [7] - Xi'an Tourism is focusing on expanding its hotel segment, aiming to double its hotel numbers and enhance revenue through capital operations [7][8] Future Outlook - The companies are at a critical juncture, needing to break free from the cycle of resource dependency and inefficient expansion to establish genuine market competitiveness [9] - The success of their transformation efforts will depend on their ability to innovate and adapt to changing consumer demands while overcoming institutional inertia [9]

Core Viewpoint - The tourism sector in A-shares is experiencing significant performance divergence in the first half of 2025, with many companies reporting increased losses while a few are showing substantial profit growth [2][11]. Group 1: Company Performance - Yunnan Tourism is expected to report a net loss of 90 million to 140 million yuan, an increase in losses by 95.79% to 204.57% compared to the previous year [4]. - Xi'an Tourism anticipates a net loss of 49 million to 69 million yuan, which is relatively stable compared to a loss of 63.66 million yuan in the same period last year [5]. - Changbai Mountain is projected to incur a net loss of 2.58 million to 1.58 million yuan, marking a shift from profit to loss due to increased operational costs and decreased visitor numbers [6]. - Dalian Shengya expects a net loss of 19.08 million to 12.72 million yuan, with a significant drop in net profit from the previous year [6]. - Tibet Tourism is set to achieve a net profit of approximately 2 million yuan, marking a turnaround from losses in the previous year [7]. - Xiyu Tourism forecasts a profit of 9 million to 11 million yuan, a decline of 62.55% to 69.36% year-on-year [8]. - Guilin Tourism reports a net profit of about 8 million yuan, recovering from a loss of 19.09 million yuan in the same period last year [10]. - Xiangyuan Cultural Tourism expects a net profit of 90 million to 97 million yuan, an increase of 51.44% to 63.22% year-on-year, driven by new attractions and government subsidies [10]. Group 2: Market Trends and Influences - The performance divergence among tourism companies is influenced by factors such as weather disturbances, cost pressures, and differences in business structures [2][11]. - The summer peak season is anticipated to drive demand, with an expected increase in air travel passenger volume by 5.4% during the 2025 summer season [12]. - Analysts suggest that the combination of peak season demand, policy support, and AI empowerment will catalyze the recovery of natural scenic spots [12]. - The domestic tourism market is expected to remain stable, with a focus on deep experiences and cultural exploration as key consumer demands [12].

[Expected Performance for the Current Period](index=1&type=section&id=Item%201.%20Expected%20Performance%20for%20the%20Current%20Period) The company anticipates a net loss attributable to shareholders for H1 2025, ranging from **49.00 million yuan to 69.00 million yuan**, largely consistent with the **63.6649 million yuan** loss in the prior year period Performance Forecast Summary | Item | Current Reporting Period (2025.1.1-2025.6.30) | Prior Year Period | | :--- | :--- | :--- | | **Net Profit Attributable to Shareholders** | Loss: 49.00 million yuan – 69.00 million yuan | Loss: 63.6649 million yuan | | **Net Profit After Non-Recurring Items** | Loss: 48.00 million yuan – 68.00 million yuan | Loss: 63.8924 million yuan | | **Basic Earnings Per Share** | Loss: 0.2070 yuan/share – 0.2914 yuan/share | Loss: 0.2689 yuan/share | [Communication with Accounting Firm](index=1&type=section&id=Item%202.%20Communication%20with%20Accounting%20Firm) This performance forecast has not been pre-audited by a certified public accountant - The company explicitly states that this performance forecast has not yet undergone pre-audit by a certified public accountant[2](index=2&type=chunk) [Explanation of Performance Changes](index=1&type=section&id=Item%203.%20Explanation%20of%20Performance%20Changes) The company attributes performance pressure to consumption downgrade and market differentiation, leading to a decline in hotel business revenue, yet net profit remained largely consistent with the prior year due to strengthened cost control - The company's core hotel and tourism business continues to face pressure due to factors such as consumption downgrade and market differentiation[3](index=3&type=chunk) - Revenue from the company's hotel business segment experienced a certain degree of decline compared to the prior year period[3](index=3&type=chunk) - Through continuous strengthening of expense control and precise cost reduction, the company maintained net profit largely consistent with the prior year period[3](index=3&type=chunk) [Other Relevant Information](index=1&type=section&id=Item%204.%20Other%20Relevant%20Information) The company advises investors that this performance forecast is a preliminary estimate by the finance department, with final data subject to the upcoming 2025 semi-annual report, and cautions about investment risks - This performance forecast represents a preliminary estimate by the company's finance department and is not final data[5](index=5&type=chunk) - The company advises investors that specific financial data will be subject to the 2025 semi-annual report to be disclosed by the company, and cautions about investment risks[5](index=5&type=chunk)

Group 1 - The company is involved in a litigation case regarding a construction contract dispute between its subsidiary, Dibe County Zhaqana Health Industry Co., Ltd., and Gansu Construction Investment Civil Engineering Group Co., Ltd. [1] - The subsidiary filed an appeal on July 10, 2025, requesting the court to overturn a previous civil judgment and either support its initial claims or remand the case for retrial [1] - Both parties have filed appeals, leading to uncertainty regarding the impact of the litigation on the company's current and future profits [2] Group 2 - The Gansu Construction Investment Civil Engineering Group also filed an appeal on July 10, 2025, seeking to overturn a judgment that required it to pay construction fees and additional costs, including interest calculated from January 5, 2024 [2] - The company will adjust its accounting treatment based on the progress of the case in accordance with legal regulations and accounting standards [2]