Core Viewpoint - Yunnan Tourism's stock has experienced fluctuations, with a recent decline of 2.16% and a total market value of 5.88 CNY per share, reflecting a challenging financial performance in 2025 [1][2]. Financial Performance - For the period from January to September 2025, Yunnan Tourism reported a revenue of 185 million CNY, a significant decrease of 58.72% year-on-year [2]. - The company recorded a net profit attributable to shareholders of -132 million CNY, marking a drastic decline of 196.83% compared to the previous year [2]. Stock Market Activity - As of November 26, Yunnan Tourism's stock price has increased by 9.09% year-to-date, but it has seen a decline of 5.77% over the last five trading days [1]. - The stock has been on the "龙虎榜" (a list of stocks with significant trading activity) five times this year, with the most recent appearance on September 25 [1]. Shareholder Information - As of November 20, the number of shareholders for Yunnan Tourism increased to 68,900, with an average of 14,272 circulating shares per shareholder, a decrease of 0.54% [2]. - The top ten circulating shareholders include the 富国中证旅游主题ETF, which holds 10.18 million shares, an increase of 3.65 million shares from the previous period [3]. Business Overview - Yunnan Tourism operates in various sectors, including tourism scenic area operations, tourism real estate development, transportation, and travel agencies, with the main revenue sources being transportation (41.26%), scenic area operations (39.10%), and tourism culture technology (19.54%) [1].