西域旅游：第三季度营业收入和归母净利润双增长

Core Viewpoint - Xiyu Tourism Development Co., Ltd. reported a modest growth in revenue and net profit for Q3 2025, despite significant increases in operating costs and sales expenses [1]. Financial Performance - The operating revenue for Q3 was approximately 173 million yuan, representing a year-on-year increase of 4.07% [1]. - The net profit attributable to shareholders was about 87.36 million yuan, showing a year-on-year growth of 1.65% [1]. - The net profit after deducting non-recurring items was approximately 86.32 million yuan, with a year-on-year increase of 1.22% [1]. Cost Analysis - Operating costs amounted to around 126 million yuan, reflecting a significant year-on-year increase of 33.93%, primarily due to depreciation, labor, and maintenance costs associated with the Kashgar and Sailake projects [1]. - Sales expenses were approximately 4.33 million yuan, which is a substantial year-on-year increase of 171.11%, attributed to marketing activities during the off-season and promotional efforts for various projects [1]. Other Income - The company reported other operating income of about 117,440 yuan, which is a remarkable year-on-year increase of 631.62%, resulting from the forced scrapping of operational vehicles and disposal of waste materials [1]. Stock Performance - As of the market close on the reporting day, Xiyu Tourism's stock price was 390,900 yuan, down 2.64% [2].