Zhong Guo Zheng Quan Bao·2025-11-04 20:17Core Viewpoint - The ice and snow industry is experiencing a strong performance driven by the early start of the 2025-2026 snow season, leading to increased consumer spending and positive financial results from related companies [1][2]. Industry Trends - The ice and snow industry sector saw a 1.35% increase on November 4, continuing an upward trend since October 13 [1]. - Multiple ski resorts across the country have opened earlier than usual, significantly boosting the ice and snow tourism market [2]. - The new winter-spring flight schedule, effective from October 26, enhances capacity for "northward skiing" and "southward winter escape" routes [1]. Company Performance - Xue Ren Group reported a third-quarter revenue of 671 million yuan, a year-on-year increase of 31.68%, and a net profit of 12.27 million yuan, up 12.73% [3]. - Changbai Mountain's third-quarter revenue reached 401 million yuan, growing 17.78% year-on-year, with a net profit of 151 million yuan, an increase of 19.43% [3]. - The overall revenue for Xue Ren Group in the first three quarters was 1.631 billion yuan, up 24.26%, and net profit was 39.17 million yuan, a 16.63% increase [3]. - Changbai Mountain's revenue for the first three quarters was 636 million yuan, a 6.99% increase, with a net profit of 14.9 million yuan, growing 1.03% [3]. Market Outlook - The ice and snow industry is projected to exceed 1 trillion yuan by 2025, with continued growth expected due to upcoming large-scale winter sports events [3]. - The rising popularity of ice and snow tourism is prompting investment interest in related stocks [3].