桂林旅游：第三季度归母净利润约2776万元，同比增长7.2%

Core Viewpoint - Guilin Tourism Co., Ltd. reported a mixed financial performance for Q3 2025, with a slight decline in revenue but significant growth in net profit, primarily due to the recovery of previous debts and reduced operating costs [1] Financial Performance Summary - Q3 2025 revenue was approximately 142 million RMB, a year-on-year decrease of 2.73% [1] - Q3 2025 net profit attributable to shareholders was approximately 27.76 million RMB, a year-on-year increase of 7.2% [1] - Q3 2025 net profit excluding non-recurring items was approximately 25.50 million RMB, a year-on-year increase of 40.1% [1] - For the first three quarters of 2025, total revenue was approximately 339 million RMB, a year-on-year decrease of 0.98% [1] - For the first three quarters of 2025, net profit attributable to shareholders was approximately 35.77 million RMB, a year-on-year increase of 425.76% [1] - For the first three quarters of 2025, net profit excluding non-recurring items was approximately 9.40 million RMB, a year-on-year increase of 7996.9% [1] Key Factors Influencing Performance - The significant increase in net profit for the first three quarters was mainly due to the recovery of previously owed debts amounting to 54.34 million RMB [1] - The company reversed provisions for bad debts amounting to 19.99 million RMB in the first half of 2025, contributing an additional 19.99 million RMB to net profit [1] - Operating costs decreased by 9.12 million RMB year-on-year [1] - Investment income from associated companies increased by 3.76 million RMB year-on-year [1]