8月25日，曲江文旅发布2025年半年度报告。 期间，公司实现营业收入 5.32亿元，同比下降30.95%。 归属于上市公司股东的净利润-1388.07万元，亏损额有所减少；归属于上市公司股东的扣除非经常性损 益的净利润-7074.02万元。 其中，景区运营管理业务约占营业收入的 50.38%，酒店餐饮业务占营业收入的 23.67%，旅游商品销售 和电子商务业务收入占比2.24%，旅游服务（旅行社）业务占营业收入的 5.36%，园林绿化业务占营业 收入的0.37%，体育项目业务占营业收入的 17.98%。 ...

Core Insights - The company reported a significant decline in revenue, with a 16.68% decrease from the previous year, indicating challenges in market expansion and business operations [2] - Despite a reduction in net loss, the company remains in a loss position, highlighting the need for improved profitability and business structure optimization [3][4] - The company achieved a decrease in overall expenses, reflecting effective cost control measures [6][8][10] Financial Performance - Revenue for 2024 was 1,253,152,389.59 yuan, down from 1,503,936,973.00 yuan in 2023, with declines across various business segments [2] - The net loss attributable to shareholders was -131,323,615.46 yuan, an improvement from -195,379,236.43 yuan in 2023, but still indicates ongoing financial challenges [3] - The basic earnings per share improved to -0.51 yuan from -0.77 yuan, yet remains negative, indicating a need for enhanced shareholder value creation [5] Expense Management - Sales expenses decreased by 19.27% to 60,445,434.40 yuan, suggesting a potential adjustment in marketing strategies [6][7] - Management expenses were reduced by 10.66% to 177,811,645.38 yuan, indicating improved internal management efficiency [8] - Financial expenses saw a significant reduction of 24.63%, possibly due to optimized debt structure and lower financing costs [10] Cash Flow Analysis - Operating cash flow net amount was 205,019,979.73 yuan, down 19.08% from the previous year, indicating potential issues in cash inflow and operational stability [11] - Investment cash flow net amount experienced a drastic change of -26,498,042.35 yuan, with a 1203.80% variation, primarily due to asset disposals [12] - Financing cash flow net amount decreased by 13,079,723.42 yuan, reflecting a reduction in borrowing and adjustments in financing strategies [13]