Photo Illustration by Jaque Silva/NurPhoto via Getty ImagesNurPhoto via Getty ImagesHere is why we think Gartner (IT) stock is worth a look: It is growing, producing cash, and available at a significant valuation discount. Let's see the numbers.Cash Yield: Gartner offers an impressive cash flow yield of 8.0%.Growing: Last 12 month revenue growth of 5.9% means that the cash pile is going to grow.Valuation Discount: IT stock is currently trading at 34% below 3-month high, 52% below 1-year high, and 52% below ...

Business Overview - The company achieved a revenue of CNY 2,089.60 million in the first half of 2025, representing an 8.52% increase year-on-year [2] - Net profit attributable to shareholders reached CNY 49.53 million, a growth of 24.39% compared to the previous year [2] - The net asset value at the end of the period was CNY 2,260.86 million, remaining stable compared to the previous year [2] - The net cash flow from operating activities was CNY 124.78 million, with a debt-to-asset ratio of 39.03% and a weighted average return on equity of 2.16% [2] Travel Business - The core entity for the travel business is Guangzhou Guangzhi Travel International Co., Ltd., which is a leading domestic travel agency [3] - In the first half of 2025, the travel business generated revenue of CNY 1,535.71 million, an 11.78% increase year-on-year [3] - Revenue from outbound tourism (excluding Hong Kong and Macau) was CNY 848.81 million, while domestic tourism revenue was CNY 498.20 million [3] - The net profit for the travel business was CNY 23.29 million, up 34.91% year-on-year [3] Accommodation Business - The accommodation segment includes hotel management and operations, focusing on brand development and capital operation [4] - Revenue from the accommodation business was CNY 118.56 million, a 1.60% increase year-on-year [5] - The net profit for the accommodation segment was CNY 9.73 million, reflecting a 23.26% growth compared to the previous year [5] - The company’s hotel management entity ranks 14th in the "Top 60 Hotel Groups in China" [4] Scenic Area Development - The company has established Guangzhou Guangzhi Travel Yujing Destination Tourism Development Co., Ltd. to manage scenic area projects [6] - Scenic areas managed include the Mingchun Valley and Yuexi Academy, with plans to expand to other provinces [7] - The company is collaborating with various partners to enhance brand marketing and expand the tourism industry chain [7] Senior Tourism Initiatives - The company launched the "Leisure and Active" club in 2024, focusing on tourism products for the elderly [8] - In 2025, new products such as the "Travel Residence 2.0" series and specialized trains were introduced to cater to the senior market [8] Duty-Free Business - The company has partnered with China Duty Free Group and others to establish a duty-free store in Guangzhou [10] - The registered capital for the joint venture is CNY 45 million, with the company holding a 19.50% stake [10] - The first city duty-free store opened in August 2025, enhancing the shopping experience for outbound travelers [10] Cruise Tourism - The company has established a "Cruise Membership Club" to enhance the cruise business [12] - A four-tier membership system is being developed to provide unique experiences and foster long-term relationships with high-net-worth clients [12]

Core Insights - Google has resolved issues affecting Gmail, Calendar, Chat, Cloud Search, Drive, Meet, Tasks, and Google Voice [1] Group 1 - The problems with Gmail have been addressed, restoring normal functionality [1] - Calendar services are now fully operational after the recent disruptions [1] - Chat functionalities have been fixed, allowing users to communicate without interruptions [1] Group 2 - Cloud Search issues have been resolved, improving search capabilities for users [1] - Google Drive is back to normal, ensuring file storage and sharing services are reliable [1] - Meeting services, including Google Meet, have been restored to full functionality [1] Group 3 - Task management features are now functioning properly, aiding users in organizing their tasks [1] - Google Voice services have been fixed, allowing for seamless communication [1]