西安旅游2025年业绩预亏或触发ST，股价创阶段新低

Core Viewpoint - Xi'an Tourism (000610) is expected to report a net loss of 237 million to 290 million yuan for 2025, with a potential negative net asset value at year-end, which may lead to a delisting risk warning (ST) after the annual report disclosure [1] Stock Performance - On February 3, 2026, the stock price of Xi'an Tourism fell to the limit down at 10.17 yuan per share, marking a new low since mid-February 2024 due to the anticipated performance loss. On February 6, the stock rebounded by 2.06% to 10.38 yuan per share, with a net inflow of 3.0864 million yuan from major funds. As of February 11, the stock price was 10.51 yuan per share, reflecting a cumulative decline of 16.69% year-to-date [2] Company Structure and Governance - On February 7, 2026, the company appointed Ms. Wang Jia as the deputy general manager. On February 6, the company announced plans to borrow 50 million yuan from its controlling shareholder, Xili Group, to repay loans. As of February 7, the total pledged shares accounted for 13.26% of the total share capital, indicating a high pledge ratio by the controlling shareholder [3] Operating Conditions - The company's net profit, excluding non-recurring gains and losses, has been in continuous loss for 12 years. In the first three quarters of 2025, the operating revenue was 380 million yuan, a year-on-year decrease of 12.75%. On February 9, 2026, the company stated on an interactive platform that operations are normal, and stock price fluctuations are related to market conditions and other factors [4]