图源：《只有峨眉山》官网 本报（chinatimes.net.cn）记者王敬 北京报道 近期文旅演艺相关上市公司陆续披露半年报，多家企业文旅演艺业务业绩承压明显，多项经营指标出现 回落。宋城演艺（300144.SZ）上半年归母净利润同比降低27.4%，旗下多个景区收入与毛利率均出现下 滑，张家界项目仍亏损1972.91万元；丽江股份（002033.SZ）旗下《印象·丽江》营收下降14.47%，接待 游客量减少17.96%；锋尚文化（300860.SZ）文化旅游演艺业务营业收入较去年同期减少35.01%；三湘 印象（000863.SZ）的文化演艺业务营收同比降低2.52%，毛利率降低9.79个百分点至26.10%；桂林旅游 （000978.SZ）参股公司桂林漓江千古情演艺发展有限公司上半年实现净利润2513.22万元，同比下降 7.10%；西域旅游（300859.SZ）旗下"遇见喀什""遇见赛湖"等旅游演艺项目仍处于市场培育初期，相关 人工、折旧及摊销成本增加约1600万元。 总投资超8亿元、由知名导演王潮歌打造的大型文旅演艺项目《只有峨眉山》，在运营不到六年后，因 持续亏损宣告停摆。不久前峨眉山脚下的剧场灯光 ...

近期文旅演艺相关上市公司陆续披露半年报，多家企业文旅演艺业务业绩承压明显，多项经营指标出现 回落。宋城演艺（300144.SZ）上半年归母净利润同比降低27.4%，旗下多个景区收入与毛利率均出现下 滑，张家界项目仍亏损1972.91万元；丽江股份（002033.SZ）旗下《印象·丽江》营收下降14.47%，接待 游客量减少17.96%；锋尚文化（300860.SZ）文化旅游演艺业务营业收入较去年同期减少35.01%；三湘 印象（000863.SZ）的文化演艺业务营收同比降低2.52%，毛利率降低9.79个百分点至26.10%；桂林旅游 （000978.SZ）参股公司桂林漓江千古情演艺发展有限公司上半年实现净利润2513.22万元，同比下降 7.10%；西域旅游（300859.SZ）旗下"遇见喀什""遇见赛湖"等旅游演艺项目仍处于市场培育初期，相关 人工、折旧及摊销成本增加约1600万元。 总投资超8亿元、由知名导演王潮歌打造的大型文旅演艺项目《只有峨眉山》，在运营不到六年后，因 持续亏损宣告停摆。不久前峨眉山脚下的剧场灯光最后一次熄灭，演职人员退场，演出正式落幕。尽管 上半年运营主体亏损同比收窄1107万元， ...

证券之星消息，8月22日旅游及景区板块较上一交易日上涨0.64%，西域旅游领涨。当日上证指数报收 于3825.76，上涨1.45%。深证成指报收于12166.06，上涨2.07%。旅游及景区板块个股涨跌见下表： 从资金流向上来看，当日旅游及景区板块主力资金净流出1.92亿元，游资资金净流出4643.61万元，散户 资金净流入2.38亿元。旅游及景区板块个股资金流向见下表： 以上内容为证券之星据公开信息整理，由AI算法生成（网信算备310104345710301240019号），不构成投资建议。 | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 300859 | 西域旅游 | 45.08 | 8.52% | 27.11万 | 12.01亿 | | 6602099 | 长白山 | 42.10 | 2.33% | 12.53万 | 5.23 Z | | 000610 | 西安旅游 | 13.75 | 1.40% | 31.60万 | 4.31亿 | | 661809 | 九华旅游 | 37.35 | 1 ...

证券日报网讯丽江股份8月20日在互动平台回答投资者提问时表示，目前丽江玉龙雪山牦牛坪旅游索道 改扩建项目正在进行开工前的准备工作。 （文章来源：证券日报） ...

证券之星消息，8月18日旅游及景区板块较上一交易日上涨2.16%，西藏旅游领涨。当日上证指数报收于 3728.03，上涨0.85%。深证成指报收于11835.57，上涨1.73%。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 | 西藏旅游 | 29.44 | 10.01% | 32.50万 | | 9.43 亿 | | 000796 | 凯撒旋业 | 5.28 | 10.00% | 111.13万 | | 5.75亿 | | 600054 | 黄山旅游 | 12.31 | 3.53% | 35.80万 | | 4.38亿 | | 600593 | 大连圣亚 | 32.26 | 3.13% | 6.26万 | | 2.02亿 | | 603136 | 天目湖 | 12.88 | 2.79% | 12.97万 | | 1.67亿 | | 002707 | 众信旅游 | 7.83 | 2.35% | 49.40万 | | 3.85亿 | ...

Core Viewpoint - Lijiang Co., Ltd. (002033.SZ) reported a decline in both revenue and net profit for the first half of 2025, primarily due to adverse weather conditions and the lack of profitability from new projects [2][3] Financial Performance - In H1 2025, Lijiang Co. achieved total revenue of 378 million yuan, a decrease of 1.85% year-on-year [2] - The net profit attributable to shareholders was 94.5 million yuan, down 15.86% compared to the same period last year [3] - The company set a revenue target of 816 million yuan for the entire year of 2025, indicating a year-on-year growth expectation [2] Business Segments - The main revenue source remains the cable car transportation business, generating 187 million yuan, accounting for 49.53% of total revenue, but saw a 5.65% decline in revenue year-on-year [3] - The performance of other business segments, such as the Impression show and catering services, also declined, with revenues of 63.9 million yuan and 10.2 million yuan, down 14.47% and 17.30% respectively [6] - Hotel services, however, showed growth with revenues of 78.2 million yuan, up 13.90%, increasing its share of total revenue from 17.84% to 20.70% [7][8] Operational Challenges - The decline in visitor numbers across multiple business segments was attributed to extreme weather conditions and increased market competition [3][6] - The company plans to enhance marketing efforts and improve operational efficiency to address these challenges [4][6] Strategic Initiatives - Lijiang Co. aims to develop high-end customized tourism products around the Dalianggarila ecological tourism circle and the Greater Yunnan tourism route [9] - The company is investing in new boutique hotels to enhance service offerings and attract more visitors [9] Seasonal Trends - The company acknowledges the seasonal nature of its business, with the third quarter being the peak season for visitor numbers [10] - Recent trends indicate a shift in tourist behavior towards more flexible travel patterns, which may affect traditional seasonal revenue expectations [10]

Core Viewpoint - Lijiang Yulong Tourism Co., Ltd. has reported a decline in both revenue and net profit for the first half of 2025, indicating potential challenges in its financial performance [1] Financial Performance - As of the latest report, the total operating revenue for Lijiang Yulong Tourism Co., Ltd. is 378 million yuan, representing a year-on-year decrease of 1.85% [1] - The net profit attributable to shareholders is approximately 94.5 million yuan, down 15.86% year-on-year [1] - The company's non-recurring net profit stands at about 96.1 million yuan, reflecting a decrease of 14.31% compared to the previous year [1] - Key financial ratios include a current ratio of 2.567, a quick ratio of 2.516, and a debt-to-asset ratio of 10.94% [1] Market Activity - On August 13, 2025, Lijiang shares closed at 8.9 yuan, with a slight decline of 0.22% [1] - The trading volume was 132,500 lots, with a total transaction value of 118 million yuan [1] - The net inflow of main funds was approximately 15.9 million yuan, accounting for 13.46% of the transaction value [1] - Large orders saw a net inflow of 15.9 million yuan, while small orders experienced a net outflow of approximately 13.6 million yuan [1] Company Overview - Lijiang Yulong Tourism Co., Ltd. was established in 2001 and is primarily engaged in public facility management [2] - The company has a registered capital of approximately 549.5 million yuan [1][2] - It has made investments in 14 enterprises and participated in 63 bidding projects [2]

Investment Rating - The report maintains an "Accumulate" rating for the company [3] Core Views - The overall performance in the first half of 2025 was stable and met expectations, with a slight decline in cable car passenger numbers due to weather conditions, but a record high revenue in Q2 2025 demonstrated robust operational performance [5] - The company achieved revenue of 378 million yuan in H1 2025, a year-on-year decrease of 1.85%, and a net profit attributable to shareholders of 95 million yuan, a year-on-year decrease of 15.86%, which aligns with expectations [5] - The forecast for net profit attributable to shareholders for 2025, 2026, and 2027 has been adjusted to 232 million, 260 million, and 280 million yuan respectively, with corresponding P/E ratios of 21.1, 18.8, and 17.5 [5] Financial Summary - In Q2 2025, the company achieved a historical high revenue of 215 million yuan, with a year-on-year growth of 5.04%, and a net profit of 60 million yuan, reflecting a year-on-year increase of 6.26% [5] - The company’s cable car and performance business saw a decline in visitor numbers, with a total of 3.088 million visitors in H1 2025, down 4.6% year-on-year, while the hotel business exceeded expectations with revenue growth [5] - The revenue from the Lijiang He Fu Hotel was 61.64 million yuan, up 5.5% year-on-year, and the revenue from the Diqing Shangri-La Hotel was 14.56 million yuan, up 25.1% year-on-year [5] Revenue and Profit Forecast - The company’s revenue is projected to grow from 808 million yuan in 2024 to 932 million yuan in 2027, with growth rates of 1%, 1%, 8%, and 6% respectively [3][7] - The net profit attributable to shareholders is expected to increase from 211 million yuan in 2024 to 280 million yuan in 2027, with growth rates of -7%, 10%, 12%, and 8% respectively [3][7] - The earnings per share (EPS) is forecasted to rise from 0.38 yuan in 2024 to 0.51 yuan in 2027 [3][7]

Core Viewpoint - The overall performance in 25H1 is stable and meets expectations, with a slight decline in cable car passenger numbers due to weather conditions, but 25Q2 revenue reached a record high, demonstrating robust operational performance [1] Financial Performance - In 25H1, the company achieved revenue of 378 million yuan, a year-on-year decrease of 1.85%, and a net profit attributable to shareholders of 95 million yuan, a year-on-year decrease of 15.86%, which is in line with expectations [1] - For 25Q2, the company reported revenue of 215 million yuan, a year-on-year increase of 5.04%, marking a historical high for the second quarter, with a net profit of 60 million yuan, a year-on-year increase of 6.26% [1] Business Segments - The cable car business experienced a year-on-year decline in passenger numbers due to weather, with a total of 3.088 million visitors across three cable cars in 25H1, down 4.6% year-on-year; the "Impression Lijiang" show received 707,000 visitors, down 18.0% year-on-year [1] - Conversely, the hotel business showed positive growth, with Lijiang Hefu Hotel generating revenue of 61.64 million yuan, up 5.5% year-on-year, and Diqing Xiangbala Hotel generating 14.56 million yuan, up 25.1% year-on-year [2] Ticketing Optimization - In 25H1, the company optimized the ticket purchasing process for cable cars, which is expected to positively impact future visitor numbers. Changes include allowing ticket purchases up to 7 days in advance, limiting purchases to once per ID within 90 days, and supporting self-rescheduling [2]

Core Viewpoint - Lijiang Co., Ltd. reported a decline in net profit by 15.86% for the first half of 2025, with total revenue also decreasing by 1.85% compared to the previous year [1] Financial Performance Summary - Total revenue for the first half of 2025 was 378 million yuan, down from 385 million yuan in 2024, reflecting a decrease of 1.85% [1] - Net profit attributable to shareholders was 94.5 million yuan, a decline of 15.86% from 112 million yuan in the previous year [1] - The gross profit margin decreased to 53.79%, down 5.97% year-on-year, while the net profit margin fell to 28.05%, a decrease of 15.05% [1] - Total expenses (selling, administrative, and financial) amounted to 67.5 million yuan, representing 17.87% of revenue, an increase of 11.51% year-on-year [1] - Earnings per share decreased to 0.17 yuan, down 15.85% from 0.20 yuan in the previous year [1] Cash Flow and Financial Ratios - Cash flow from operating activities per share was 0.22 yuan, a decrease of 14.18% compared to the previous year [1] - The company experienced a significant increase in financial expenses by 78.45%, attributed to a decrease in interest income due to lower bank deposit rates [3] - Cash flow from investment activities saw a drastic decline of 287.65%, with a reduction of 129 million yuan in cash received from investments compared to the previous period [3] - The net increase in cash and cash equivalents dropped by 86.86%, primarily due to the aforementioned decrease in cash received from investments [3] Future Outlook - Analysts project that Lijiang Co., Ltd. aims to achieve a revenue of 816 million yuan and a net profit of 202 million yuan for the year 2025 [4] - The company’s return on invested capital (ROIC) was reported at 8.64%, indicating average capital returns in recent years [3]