桂林旅游：前三季度扣非净利同比增929万元 改革稳步推进盈利拐点显现

Core Insights - The company reported a significant increase in net profit and operational efficiency in its Q3 2025 financial results, indicating strong internal reforms and cost management [1] - During the peak tourist season from October 1 to 8, the company experienced a notable rise in both visitor numbers and revenue, showcasing effective product innovation and service upgrades [2] Financial Performance - For the first three quarters of 2025, the company achieved an operating income of 339 million yuan, maintaining stability year-on-year; net profit attributable to shareholders reached 35.77 million yuan, a year-on-year increase of 425.76% [1] - In Q3 alone, the company generated revenue of 142 million yuan, with a net profit of 27.76 million yuan, reflecting a year-on-year growth of 7.20% [1] - The non-recurring net profit for the first three quarters was 9.40 million yuan, a substantial increase of 7996.90% compared to the same period last year, indicating enhanced profitability from core operations [1] Operational Improvements - The significant profit increase is attributed to effective internal operational reforms, including cost control and efficiency enhancements, with operating costs decreasing by 9.12 million yuan year-on-year [1] - The company is actively innovating in core scenic area operations and product offerings, including infrastructure projects and service chain improvements to align with tourism consumption upgrades [1] Tourism Performance - During the National Day and Mid-Autumn Festival holiday, the company welcomed 290,700 visitors, a year-on-year increase of 32.71%, and achieved revenue of 21.44 million yuan, up 12.07% [2] - The company leveraged partnerships and events, such as the collaboration with NetEase's game "Sky: Children of the Light," to enhance visibility and attract visitors [2] Strategic Developments - In August 2025, the company acquired 100% stakes in two tourism development companies, enhancing its digital ticketing capabilities and integrating resources for improved operational efficiency [2] - This acquisition aims to strengthen the company's position in the tourism industry chain and establish a smart tourism ecosystem that integrates online booking with offline experiences [2]