Core Viewpoint - Guilin Tourism (000978.SZ) received an administrative penalty for failing to comply with traffic regulations, resulting in a fine of 1,000 RMB [1][2]. Company Overview - Guilin Tourism is a leading enterprise in the Guilin tourism industry, owning major attractions such as the 5A-rated Two Rivers and Four Lakes Scenic Area and several 4A-rated sites [3]. - The company was established in 1998 and has a registered capital of 46.813 million RMB, with its legal representative being Chen Jing [7]. Financial Performance - In 2024, the company reported a revenue of 432 million RMB, a decrease of 7.58% year-on-year, and a net loss attributable to shareholders of approximately 204 million RMB, a significant drop of 1,830.7% [8]. - The first quarter of 2025 showed a revenue of 82.63 million RMB, down 6.6% year-on-year, with a narrowed net loss of 13.08 million RMB compared to 13.41 million RMB in the same period last year [8]. - The total assets of the company were reported at 2.36 billion RMB, with net assets of 1.07 billion RMB as of the end of 2023, reflecting a year-on-year decrease of 16.02% [8]. Stock Market Information - Guilin Tourism's stock has been listed on the Shenzhen Stock Exchange since May 2000, and over the past 22 years, the total share capital has increased to 360 million shares [5].

Performance Forecast - The company expects a net profit attributable to shareholders of approximately 8 million yuan for the first half of 2025, compared to a loss of 19.0933 million yuan in the same period of 2024, indicating a turnaround from loss to profit [1] - The basic earnings per share are projected to be approximately 0.017 yuan per share, recovering from a loss of 0.041 yuan per share in the previous year [1] Revenue Drivers - The company has implemented measures such as optimizing product structure, enhancing marketing efforts, and strengthening accounts receivable collection, which contributed to the increase in visitor numbers [1] - The company received approximately 1.4802 million visitors at its scenic spots, representing a year-on-year increase of about 3.09% [1] - The Li River cruise business served approximately 338,200 visitors, reflecting a year-on-year growth of about 1.62% [1] - The Li River Waterfall Hotel welcomed approximately 107,300 visitors, showing a year-on-year increase of about 6.98% [1] Non-Recurring Gains - The company reversed previously accrued bad debt provisions amounting to 19.99 million yuan, which positively impacted the net profit for the first half of 2025 by the same amount, classified as non-recurring gains [2]