LN Holdings(SZ:000524) Zheng Quan Zhi Xing·2025-08-28 14:20Financial Performance - The company reported a total revenue of 2.09 billion yuan for the first half of 2025, an increase of 8.52% year-on-year [1] - The net profit attributable to shareholders reached 49.53 million yuan, up 24.39% compared to the previous year [1] - In Q2 2025, total revenue was 1.17 billion yuan, reflecting a year-on-year growth of 15.06%, while net profit for the quarter was 22.94 million yuan, a significant increase of 48.98% [1] - The gross margin was 18.61%, down 5.36% year-on-year, while the net margin improved to 2.44%, up 9.21% [1] - The company's receivables accounted for 120.18% of the latest annual net profit, indicating a large volume of accounts receivable [3] Key Financial Metrics - Earnings per share (EPS) increased by 16.67% to 0.07 yuan [1] - The company's cash assets were reported at 1.894 billion yuan, a 31.47% increase year-on-year [1] - The total expenses (selling, administrative, and financial) amounted to 306 million yuan, which is 14.64% of revenue, down 7.14% from the previous year [1] - The company’s return on invested capital (ROIC) was 5.54% last year, with a median ROIC of 6.02% over the past decade [4] Business Overview - The company operates as a comprehensive tourism group, integrating travel services, accommodation, and other related businesses [5] - The core travel business is led by its subsidiary, Guangzhou Guangzhilv International Travel Agency, which focuses on domestic and international travel services [6] - The accommodation segment is managed by Guangzhou Lingnan International Hotel Management Co., which is recognized as a leading brand in the hotel industry [7][8] - The company also engages in various related businesses, including catering, scenic area management, event services, transportation, and technology solutions [9][10][11][12][13][14]