Core Viewpoint - Lijiang Co., Ltd. reported a decline in both revenue and net profit for the first half of 2025 compared to the previous year, indicating potential challenges in its financial performance [2] Financial Performance - The company's revenue for the first half of 2025 was approximately 378 million yuan, representing a year-on-year decrease of 1.85% [2] - The net profit attributable to shareholders was around 94.5 million yuan, which is a year-on-year decrease of 15.86% [2] - Basic earnings per share were reported at 0.172 yuan, down 15.85% year-on-year [2]

Group 1 - The core viewpoint of the report is that Jiuhua Tourism (603199.SH) is rated as a "buy" due to its strategic positioning in the Jiuhua Mountain core scenic area and the development of a regional tourism complex [2] - The report highlights the sustained tourism demand and the trend of younger visitors to temples, indicating a shift in the demographic profile of tourists [2] - The company benefits from scarce resources, improved transportation, and the potential for new projects to enhance flexibility and growth opportunities [2]

2025年8月7日，峨眉山A(000888.SZ)发布2025年中报。 公司营业总收入为4.57亿元，较去年同报告期营业总收入减少5115.64万元，同比较去年同期下降 10.07%。归母净利润为1.21亿元，较去年同报告期归母净利润减少1124.06万元，同比较去年同期下降 8.48%。经营活动现金净流入为1.56亿元，较去年同报告期经营活动现金净流入增加450.02万元，同比 较去年同期上涨2.97%。 公司最新总资产周转率为0.14次，较去年同期总资产周转率减少0.02次，同比较去年同期下降12.07%。 最新存货周转率为5.92次，较去年同期存货周转率持平，同比较去年同期下降0.07%。 公司最新资产负债率为28.56%，较上季度资产负债率增加3.84个百分点，较去年同期资产负债率增加 3.11个百分点。 公司最新毛利率为48.07%，较上季度毛利率增加1.16个百分点，较去年同期毛利率减少1.53个百分点。 最新ROE为4.65%，较去年同期ROE减少0.62个百分点。 公司摊薄每股收益为0.23元，较去年同报告期摊薄每股收益减少0.02元，同比较去年同期下降8.47%。 公司股东户数为4.62万户 ...

Core Viewpoint - The article highlights the development of tourism in various regions of China, focusing on unique experiences that combine natural beauty and cultural heritage, thereby stimulating consumer spending during the summer season [7][11][13]. Group 1: Tourism Development in Sichuan - The ancient Shu Road in Jianmen Mountain, Sichuan, has become a popular hiking destination, attracting over 600,000 visitors since its launch in September 2023 [11]. - Jianmen County has created four themed hiking routes, integrating natural and cultural elements, allowing visitors to engage with local history and legends [10]. - The initiative promotes ecological protection alongside tourism development, with visible efforts in waste management and environmental education [10][11]. Group 2: Stargazing Tourism in Ningxia - The starry sky experience in the Tengger Desert, Ningxia, has drawn tourists, with the region's high altitude and clear skies making it ideal for stargazing [12][13]. - The local government has developed facilities like the Star Hotel and camping sites to enhance the stargazing experience, while also implementing measures to protect the viewing conditions [12]. - In 2022, the city received 18.5 million visitors, with tourism revenue reaching 11 billion yuan, reflecting a growth of over 20% [13]. Group 3: Camping Tourism in Inner Mongolia - The Ulanqab region in Inner Mongolia has seen a rise in camping tourism, leveraging its unique volcanic landscapes and grasslands to attract visitors [14][15]. - Local authorities are encouraging farmers to establish eco-friendly camping sites, promoting sustainable tourism practices [15]. - In 2022, Ulanqab welcomed over 22.3 million tourists, marking an 84% increase from the previous year, indicating a strong growth in the camping sector [15].

Financial Performance - In the first half of 2025, the company's operating revenue was approximately 457 million yuan, a year-on-year decrease of 10.07% [2] - The net profit attributable to shareholders was about 121 million yuan, down 8.48% year-on-year [2] - The net profit attributable to shareholders after deducting non-recurring gains and losses was approximately 119 million yuan, a decrease of 9.65% year-on-year [2] Industry Trends - The domestic tourism industry showed steady growth in the first half of 2025, with both domestic and inbound tourism increasing [2] - Consumer behavior has become more rational, with a preference for higher cost-performance travel options, leading to a slowdown in per capita spending growth [2] Visitor Statistics - The Emei Mountain scenic area received 2.0952 million visitors, a year-on-year decline of 6.5% [3] - Revenue from the mountain ticket business was approximately 122 million yuan, down 9.53% year-on-year [3] - Revenue from the passenger cableway business was about 185 million yuan, a decrease of 7.51% year-on-year [3] - Hotel business revenue was approximately 82.7253 million yuan, down 12.13% year-on-year [3] - Revenue from tea, smart tourism, and performance-related businesses totaled about 66.9447 million yuan, a decline of 15% year-on-year [3] Future Plans - The company plans to carefully research and formulate a work plan and measures for the second half of the year, aiming to achieve annual targets and maintain strategic focus for high-quality development [3]

证券日报网讯 8月6日晚间，九华旅游发布公告称，公司原股东安徽省高新技术产业投资有限公司（简 称"省高新投"）与安徽省投资集团控股有限公司（简称"省投集团"）于2025年5月20日签订了《无偿划 转协议》，省高新投向省投集团无偿划转所持有的九华旅游16，267，338股股份，占九华旅游总股本的 比例为14.70%。2025年8月6日，公司收到省高新投发来的中国证券登记结算有限责任公司出具的《证 券过户登记确认书》，上述国有股权无偿划转已完成过户登记手续。上述股权过户登记完成后，省投集 团直接持有公司16，267，338股股份，占九华旅游总股本的比例为14.70%，省高新投不再持有公司股 份。 （文章来源：证券日报） ...

格隆汇8月6日丨天目湖(603136.SH)公布，2025年8月6日，公司向兴业银行股份有限公司认购了1笔结构 性存款，金额为3,800.00万元。公司与兴业银行股份有限公司无关联关系。 ...

Core Viewpoint - The financial report of Emei Mountain Tourism Co., Ltd. for the first half of 2025 shows a decline in revenue and net profit compared to the same period in 2024, indicating potential challenges in the company's operational performance [2][5]. Financial Statements Assets - Total assets increased to CNY 3,373,927,525.28 from CNY 3,265,582,995.92, reflecting a growth of approximately 3.3% [3]. - Current assets rose to CNY 1,766,304,481.30 from CNY 1,612,019,021.42, an increase of about 9.6% [3]. - Non-current assets decreased to CNY 1,607,623,043.98 from CNY 1,653,563,974.50, a decline of approximately 2.8% [3]. Liabilities - Total liabilities increased to CNY 963,570,814.48 from CNY 834,572,877.41, representing a rise of about 15.4% [3]. - Current liabilities rose to CNY 415,449,721.12 from CNY 283,605,839.81, an increase of approximately 46.5% [3]. - Non-current liabilities slightly decreased to CNY 548,121,093.36 from CNY 550,967,037.60, a decline of about 0.5% [3]. Equity - Total equity decreased to CNY 2,410,356,710.80 from CNY 2,431,010,118.51, a decline of approximately 0.9% [3]. - The company's retained earnings showed a slight decrease from CNY 1,396,927,356.82 to CNY 1,386,485,902.29, a drop of about 0.9% [3]. Income Statement - Total operating revenue for the first half of 2025 was CNY 457,086,558.20, down from CNY 508,242,953.53 in the same period of 2024, a decrease of approximately 10% [5]. - Total operating costs decreased to CNY 324,393,956.82 from CNY 359,721,336.25, a reduction of about 9.8% [5]. - Net profit for the first half of 2025 was CNY -10,211,953.18, compared to CNY -16,456,790.16 in the first half of 2024, indicating an improvement in losses [6]. Cash Flow Statement - Net cash flow from operating activities was CNY 155,893,628.71, compared to CNY 151,393,412.56 in the previous year, showing a slight increase [8]. - Net cash flow from investing activities was CNY -8,573,519.49, an improvement from CNY -42,978,603.86 in the same period last year [8]. - Net cash flow from financing activities was CNY -9,289,724.81, compared to CNY -116,080,177.79 in the previous year, indicating a significant reduction in cash outflows [8].

法定代表人： 许拉弟 主管会计工作负责人 ： 王蓉 会计机构负责人：张晓文 母公司现金流量表 编制单位：峨眉山旅游股份有限公司 单位：人民币元 项 目 本期发生额 上期发生额 一、经营活动产生的现金流量： 销售商品、提供劳务收到的现金 466,538,565.73 507,417,048.73 收到的税费返还 收到其他与经营活动有关的现金 304,676.91 2,468,246.11 经营活动现金流入小计 466,843,242.64 509,885,294.84 购买商品、接受劳务支付的现金 137,153,442.86 159,547,034.46 支付给职工以及为职工支付的现金 126,690,521.90 131,643,633.18 支付的各项税费 35,007,822.33 52,094,721.42 支付其他与经营活动有关的现金 17,076,234.90 16,608,818.55 经营活动现金流出小计 315,928,021.99 359,894,207.61 经营活动产生的现金流量净额 150,915,220.65 149,991,087.23 二、投资活动产生的现金流量： 收回投资收到 ...

本公司及董事会全体成员保证信息披露的内容真实、准确、 完整，没有虚假记载、误导性陈述或重大遗漏。 峨眉山旅游股份有限公司（以下简称"峨眉山股份"或 "公司"）于 2025 年 8 月 5 日召开第五届董事会第一百四 十八次会议，审议通过了《关于使用暂时闲置募集资金进行 现金管理的议案》，同意在不影响募集资金投资项目建设和 公司正常经营的前提下，使用最高不超过人民币 11,000.00 万元的暂时闲置募集资金进行现金管理，用于购买安全性高、 流动性好、保本型、单笔期限不超过 12 个月的投资产品（包 括但不限于协定性存款、结构性存款、定期存款、通知存款、 大额存单等）。在上述额度内,资金可以滚动使用，使用期 限自董事会审议通过之日起 12 个月内有效。同时，授权公 司董事长在前述额度内签署相关合同文件，公司财务部负责 组织实施。 根据《上市公司募集资金监管规则》《深圳证券交易所 股票上市规则》《深圳证券交易所上市公司自律监管指引第 董事会审批权限内，无需提交公司股东会审议。现将公司本 次使用部分闲置募集资金进行现金管理的具体情况公告如 下： 证券代码：000888 证券简称：峨眉山 A 公告编号：2025-49 ...