（记者 曾健辉） 每经AI快讯，桂林旅游1月19日晚间发布业绩预告，预计2025年归属于上市公司股东的净利润1100万 元，同比扭亏为盈。业绩变动主要原因是，2025年度，公司共接待游客约625万人次，同比增长约 9.97%。公司在2025年上半年收回以前年度欠款5434万元，公司在2025年半年度转回前期已计提的坏账 准备1999万元，增加公司2025年度净利润1999万元，为非经常性损益。公司于2025年12月末将持有的桂 林资江丹霞旅游有限责任公司100%股权暨所持债权转让给桂林云景文化旅游投资有限公司，增加公司 2025年度归属于上市公司股东的净利润约2900万元，为非经常性损益。 每经头条（nbdtoutiao）——短剧大爆发，吸纳69万人就业！一度送外卖的演员也找到工作：收入还算 可观但太累，剧组常备速效救心丸，拍睡觉戏真能睡着 ...

Core Insights - Guilin Tourism (000978.SZ) reported a total operating revenue of 339 million yuan for Q3 2025, with a net profit attributable to shareholders of 35.77 million yuan, representing an increase of 28.96 million yuan or 425.76% year-on-year [1][3] Financial Performance - The company's net cash inflow from operating activities was 108 million yuan, an increase of 45.99 million yuan or 74.62% compared to the same period last year [1] - The latest asset-liability ratio stands at 51.37% [3] - The gross profit margin is 33.07%, up by 4.07 percentage points from the previous quarter and an increase of 2.01 percentage points year-on-year [3] - Return on equity (ROE) is 3.23%, which is an increase of 2.70 percentage points compared to the same period last year [3] - The diluted earnings per share (EPS) is 0.08 yuan, an increase of 0.06 yuan or 406.67% year-on-year [3] - The total asset turnover ratio is 0.15 times, up by 0.01 times or 5.16% year-on-year [3] - The inventory turnover ratio is 50.99 times, ranking 4th among disclosed peers, with an increase of 6.84 times or 15.50% year-on-year [3] Shareholder Structure - The number of shareholders is 43,200, with the top ten shareholders holding 253 million shares, accounting for 54.07% of the total share capital [3] - The largest shareholder is Guilin Tourism Investment Group Co., Ltd., holding 37.2% of shares [3]

Group 1 - Ctrip Group's stock price increased over 5%, reaching a new high of 584.5 HKD, with a current price of 580.5 HKD and a trading volume of 1.227 billion HKD [1] - For Q2 2025, Ctrip reported a net revenue of 14.843 billion RMB, a year-on-year increase of 16.22%, and a net profit attributable to Ctrip of 4.846 billion RMB, up 26.43% year-on-year [1] - The company's international business segments showed strong growth, with total bookings on the international OTA platform increasing over 60% year-on-year, inbound tourism bookings more than doubling, and outbound hotel and flight bookings exceeding 120% of pre-pandemic levels [1] Group 2 - According to CMB International, Ctrip's Q2 performance exceeded expectations, with hotel business growth surpassing forecasts and market share continuing to rise [1] - The target price for Ctrip was raised from 591 HKD/76 USD to 653 HKD/84 USD based on a 20x P/E ratio for 2026, while maintaining a buy rating [1] - The firm anticipates a 15% year-on-year revenue growth and an 18% increase in hotel revenue for Q3, driven by increased room nights and expanding market share in mainland China [1]

Core Viewpoint - Anhui Jiuhua Mountain Tourism Development Co., Ltd. (Jiuhua Tourism, 603119.SH) reported a strong financial performance for the first half of 2025, indicating significant growth in both revenue and net profit [1] Financial Performance - The company's revenue for the first half of 2025 was approximately 493 million RMB, representing a year-on-year increase of 22.26% [1] - The net profit attributable to shareholders was around 142 million RMB, showing a year-on-year growth of 23.96% [1] - The net profit after deducting non-recurring items was about 138 million RMB, reflecting a year-on-year increase of 26.63% [1]

Group 1 - The company reported a revenue of 483 million yuan for the first half of 2025, representing a year-on-year increase of 22.26% [1] - The net profit attributable to shareholders of the listed company was 142 million yuan, showing a year-on-year growth of 23.96% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 138 million yuan, which is a year-on-year increase of 26.63% [1] - The basic earnings per share were 1.2802 yuan [1]

Core Viewpoint - Guilin Tourism (000978.SZ) expects to achieve a net profit attributable to shareholders of approximately 8 million yuan in the first half of 2025, marking a turnaround from losses in the previous year [1] Group 1: Financial Performance - The company anticipates a significant improvement in financial performance, with a projected net profit of 8 million yuan for the first half of 2025, compared to a loss in the same period last year [1] - The turnaround is attributed to optimized product structure and enhanced marketing efforts, leading to an increase in visitor numbers across scenic spots, cruise services, and hotels [1] Group 2: Business Operations - Guilin Tourism primarily engages in tourism services and related businesses, including cruise passenger transport, scenic tourism, hotel operations, highway passenger transport, and taxi services [1] - Key scenic areas operated by the company include the core tourism resources in the Guilin region, such as the Two Rivers and Four Lakes Scenic Area, Silver Cave Scenic Area, Longsheng Hot Springs Scenic Area, Fengyu Cave Scenic Area, and Zijiang Tianmen Mountain Scenic Area [1] - The company collaborates with its controlling shareholder, Guilin Tourism Investment Group Co., Ltd., to develop the famous Qixing Scenic Area in Guilin city [1]

Group 1 - The core viewpoint of the article highlights Huangshan Tourism's financial performance in the first quarter of 2025, showcasing significant growth in both revenue and net profit [1] Group 2 - The company's revenue for Q1 2025 reached 403 million yuan, representing a year-on-year increase of 19.79% [1] - The net profit for the same period was 36.895 million yuan, reflecting a year-on-year growth of 44.69% [1]