Group 1 - The company, Guilin Tourism, reported that as of October 31, 2025, the total number of shareholders is 38,141 [2]

Core Viewpoint - Guilin Tourism is a leading enterprise in the tourism industry of Guilin, with a high investment value due to its comprehensive industry chain advantages and core tourism resources like the Li River Scenic Area [1] Group 1: Business Performance - As of Q3 2025, Guilin Tourism reported an operating revenue of 339 million yuan, ranking 9th in the industry [2] - The main business composition includes scenic tourism (49.17%), Li River cruise passenger transport (29.05%), and hotel services (15.97%) [2] - The net profit for the same period was 33.44 million yuan, placing the company 10th in the industry [2] Group 2: Financial Ratios - The asset-liability ratio for Guilin Tourism in Q3 2025 was 51.37%, higher than the previous year's 45.76% and above the industry average of 31.00% [3] - The gross profit margin was 33.07%, an increase from 31.06% year-on-year, but still below the industry average of 45.62% [3] Group 3: Shareholder Information - As of September 30, 2025, the number of A-share shareholders increased by 31.04% to 43,200 [5] - The average number of circulating A-shares held per shareholder decreased by 23.69% to 10,800 [5] - The third-largest circulating shareholder is the Fortune China Securities Tourism Theme ETF, holding 5.65 million shares, an increase of 2.007 million shares from the previous period [5] Group 4: Management Compensation - The chairman of Guilin Tourism, Chen Jing, has a salary of 8,200 yuan for 2024 [4] - The president, Wen Zheng, has a salary of 111,500 yuan for 2024 [4]

Core Insights - The tourism and scenic area sector experienced a decline of 1.26% on October 30, with Caesar Travel leading the drop [1] - The Shanghai Composite Index closed at 3986.9, down 0.73%, while the Shenzhen Component Index closed at 13532.13, down 1.16% [1] Stock Performance - Major stocks in the tourism sector showed varied performance, with Dalian Shenya rising by 2.27% to a closing price of 50.41, while Caesar Travel fell by 5.43% to 6.09 [2] - The trading volume for Caesar Travel was significant at 1.24 million shares, with a transaction value of 770 million yuan [2] Capital Flow - The tourism and scenic area sector saw a net outflow of 341 million yuan from main funds, while retail investors contributed a net inflow of 330 million yuan [2][3] - Dalian Shenya had a net inflow of 6.57 million yuan from main funds, while Caesar Travel experienced a net outflow of 1.52 million yuan [3]

Core Insights - Guilin Tourism (000978.SZ) reported a total operating revenue of 339 million yuan for Q3 2025, with a net profit attributable to shareholders of 35.77 million yuan, representing an increase of 28.96 million yuan or 425.76% year-on-year [1][3] Financial Performance - The company's net cash inflow from operating activities was 108 million yuan, an increase of 45.99 million yuan or 74.62% compared to the same period last year [1] - The latest asset-liability ratio stands at 51.37% [3] - The gross profit margin is 33.07%, up by 4.07 percentage points from the previous quarter and an increase of 2.01 percentage points year-on-year [3] - Return on equity (ROE) is 3.23%, which is an increase of 2.70 percentage points compared to the same period last year [3] - The diluted earnings per share (EPS) is 0.08 yuan, an increase of 0.06 yuan or 406.67% year-on-year [3] - The total asset turnover ratio is 0.15 times, up by 0.01 times or 5.16% year-on-year [3] - The inventory turnover ratio is 50.99 times, ranking 4th among disclosed peers, with an increase of 6.84 times or 15.50% year-on-year [3] Shareholder Structure - The number of shareholders is 43,200, with the top ten shareholders holding 253 million shares, accounting for 54.07% of the total share capital [3] - The largest shareholder is Guilin Tourism Investment Group Co., Ltd., holding 37.2% of shares [3]

Core Insights - The company reported a significant increase in net profit and operational efficiency in its Q3 2025 financial results, indicating strong internal reforms and cost management [1] - During the peak tourist season from October 1 to 8, the company experienced a notable rise in both visitor numbers and revenue, showcasing effective product innovation and service upgrades [2] Financial Performance - For the first three quarters of 2025, the company achieved an operating income of 339 million yuan, maintaining stability year-on-year; net profit attributable to shareholders reached 35.77 million yuan, a year-on-year increase of 425.76% [1] - In Q3 alone, the company generated revenue of 142 million yuan, with a net profit of 27.76 million yuan, reflecting a year-on-year growth of 7.20% [1] - The non-recurring net profit for the first three quarters was 9.40 million yuan, a substantial increase of 7996.90% compared to the same period last year, indicating enhanced profitability from core operations [1] Operational Improvements - The significant profit increase is attributed to effective internal operational reforms, including cost control and efficiency enhancements, with operating costs decreasing by 9.12 million yuan year-on-year [1] - The company is actively innovating in core scenic area operations and product offerings, including infrastructure projects and service chain improvements to align with tourism consumption upgrades [1] Tourism Performance - During the National Day and Mid-Autumn Festival holiday, the company welcomed 290,700 visitors, a year-on-year increase of 32.71%, and achieved revenue of 21.44 million yuan, up 12.07% [2] - The company leveraged partnerships and events, such as the collaboration with NetEase's game "Sky: Children of the Light," to enhance visibility and attract visitors [2] Strategic Developments - In August 2025, the company acquired 100% stakes in two tourism development companies, enhancing its digital ticketing capabilities and integrating resources for improved operational efficiency [2] - This acquisition aims to strengthen the company's position in the tourism industry chain and establish a smart tourism ecosystem that integrates online booking with offline experiences [2]

Core Viewpoint - Guilin Tourism Co., Ltd. reported a mixed financial performance for Q3 2025, with a slight decline in revenue but significant growth in net profit, primarily due to the recovery of previous debts and reduced operating costs [1] Financial Performance Summary - Q3 2025 revenue was approximately 142 million RMB, a year-on-year decrease of 2.73% [1] - Q3 2025 net profit attributable to shareholders was approximately 27.76 million RMB, a year-on-year increase of 7.2% [1] - Q3 2025 net profit excluding non-recurring items was approximately 25.50 million RMB, a year-on-year increase of 40.1% [1] - For the first three quarters of 2025, total revenue was approximately 339 million RMB, a year-on-year decrease of 0.98% [1] - For the first three quarters of 2025, net profit attributable to shareholders was approximately 35.77 million RMB, a year-on-year increase of 425.76% [1] - For the first three quarters of 2025, net profit excluding non-recurring items was approximately 9.40 million RMB, a year-on-year increase of 7996.9% [1] Key Factors Influencing Performance - The significant increase in net profit for the first three quarters was mainly due to the recovery of previously owed debts amounting to 54.34 million RMB [1] - The company reversed provisions for bad debts amounting to 19.99 million RMB in the first half of 2025, contributing an additional 19.99 million RMB to net profit [1] - Operating costs decreased by 9.12 million RMB year-on-year [1] - Investment income from associated companies increased by 3.76 million RMB year-on-year [1]

Core Insights - Guilin Tourism reported a revenue of 142 million yuan for Q3 2025, representing a year-on-year decline of 2.73% [1] - The net profit attributable to shareholders of the listed company was 27.76 million yuan, showing a year-on-year increase of 7.2% [1] Financial Performance - Revenue: 142 million yuan, down 2.73% year-on-year [1] - Net Profit: 27.76 million yuan, up 7.2% year-on-year [1]

Core Viewpoint - Guilin Tourism (SZ 000978) announced a board meeting on October 28, 2025, to discuss a proposal for bank loan applications, indicating ongoing financial strategies to support operations [1] Company Summary - Guilin Tourism's revenue composition for the first half of 2025 shows that the tourism service sector accounts for 97.99% of total revenue, while other services contribute 2.01% [1] - As of the report, Guilin Tourism has a market capitalization of 3 billion yuan [1] Industry Summary - The A-share market has surpassed 4000 points, marking a significant resurgence after a decade of stagnation, with technology leading the market's new "slow bull" trend [1]

Group 1 - The core viewpoint of the news is that Guilin Tourism reported its third-quarter performance, showing a slight decline in revenue but a significant increase in net profit and earnings per share [1] Group 2 - For the first three quarters of 2025, the company's revenue was approximately 339 million yuan, a year-on-year decrease of 0.98% [1] - The net profit attributable to shareholders was approximately 35.77 million yuan, reflecting a year-on-year increase of 425.76% [1] - The basic earnings per share were 0.076 yuan, which represents a year-on-year increase of 406.67% [1] Group 3 - As of the report, Guilin Tourism's market capitalization was 3 billion yuan [2]

证券代码：000978 证券简称：桂林旅游 公告编号：2025-046 本次董事会会议应出席董事 9 人，实际出席董事 9 人（其中：委托出席的董 事 0 人，以通讯表决方式出席会议的董事 1 人）。副董事长兼总裁文政先生以通 讯表决方式出席会议。公司部分监事及高级管理人员列席了本次会议。会议的召 开符合《公司法》和《公司章程》等有关规定。 二、董事会会议审议情况 1.会议以 9 票同意，0 票反对，0 票弃权，审议通过了公司 2025 年第三季 度报告。 公司 2025 年第三季度报告中的财务信息已经公司董事会审计委员会事前认 可。 《桂林旅游股份有限公司 2025 年第三季度报告》刊载于《中国证券报》《证 券时报》及巨潮资讯网（http://www.cninfo.com.cn）。 2.会议以 9 票同意，0 票反对，0 票弃权，审议通过了关于向银行申请借款 额度的议案。 桂林旅游股份有限公司第七届董事会 2025 年第七次会议决议公告 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、董事会会议召开情况 桂林旅游股份有限公司（以下简称"公司"）第七届董事 ...