CYTS(SH:600138) Xin Jing Bao·2025-04-18 14:34Group 1 - The core point of the article is the recent management changes at Zhongqing Tourism Holdings Co., Ltd. and its financial performance, highlighting a trend of "increased revenue but decreased profit" in 2024 [1][2] - Fan Siyuan has resigned from his positions as Vice President, Board Secretary, and other roles in subsidiaries, but will continue to serve as a director [1] - In the past year, Zhongqing Tourism has experienced frequent personnel changes, with five executives leaving the company due to job adjustments [1] Group 2 - In 2024, Zhongqing Tourism's revenue increased by 3.34% to 9.957 billion yuan, while net profit decreased by 17.29% to 160 million yuan, and non-recurring net profit fell by 22.31% to 101 million yuan [2] - The decline in net profit is attributed to limited cost-cutting opportunities in labor and depreciation, as well as reduced investment income [2] - The company's main business, particularly the scenic area operations, has not performed well, with revenue from scenic area business decreasing by 7.12% [2] Group 3 - Zhongqing Tourism emphasizes the importance of maintaining and enhancing the appeal of its key attractions, such as Wuzhen and Gubei Water Town, despite recent declines in revenue [3] - The company plans to support Gubei Water Town's development and expand its market presence, leveraging its product advantages in the suburban tourism sector [3] - Zhongqing Tourism has launched several light-asset projects in the cultural tourism sector, with three new projects opening in 2024, showing promising operational results [3]