CYTS(SH:600138) Ge Long Hui A P P·2026-01-26 08:39Core Viewpoint - The company, China Youth Travel Service (中青旅), expects a revenue increase of 13.88% in 2025, driven by the recovery of the inbound and outbound tourism market and growth in tourism product service revenue, despite a significant decline in net profit due to changes in revenue structure [1] Financial Performance - The company anticipates achieving an operating revenue of 11.339 billion yuan in 2025, reflecting a year-on-year growth of 13.88% [1] - The projected net profit attributable to shareholders is 83.8872 million yuan, representing a year-on-year decrease of 47.72% [1] Revenue Structure - The decline in net profit is attributed to changes in revenue structure, where tourism product services and strategic investment businesses, despite revenue growth, have lower gross margins [1] - The operating performance of scenic area management has been negatively impacted by intensified competition in niche markets and adverse weather conditions, leading to a year-on-year decline in operational data [1] Investment Performance - The strategic investment business continues to provide stable revenue contributions, although overall investment income has decreased [1]