云南旅游：上半年归母净亏损约9691.99万元，同比增亏110.85%

Group 1 - The core viewpoint of the article is that Yunnan Tourism Co., Ltd. reported significant declines in revenue and increased net losses for the first half of 2025 [1] Group 2 - Yunnan Tourism's operating revenue for the first half of the year was approximately 11.7 billion, representing a year-on-year decrease of 61.22% [1] - The company's net loss attributable to shareholders was approximately 96.92 million, reflecting a year-on-year increase in losses of 110.85% [1] - The net loss after deducting non-recurring items was approximately 98.68 million, which is a year-on-year increase in losses of 95.4% [1] - The decline in operating revenue is primarily attributed to the failure to sign projects on schedule and a decrease in revenue from the cultural tourism technology sector [1]