金顶索道

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峨眉山A:金顶索道改造提升项目正在推进中
Zheng Quan Ri Bao Wang· 2025-09-11 12:15
证券日报网讯峨眉山A9月11日在互动平台回答投资者提问时表示,金顶索道改造提升项目正在推进 中。 ...
研报掘金丨华鑫证券:首予峨眉山A“买入”评级,未来业绩有望进一步增长
Ge Long Hui A P P· 2025-08-15 06:26
Core Viewpoint - Emei Mountain A's visitor traffic has declined, putting pressure on revenue, but business optimization has led to improved profitability [1] Group 1: Financial Performance - In the first half of 2025, revenue from tea, smart tourism, and performance-related businesses decreased by 15% to 0.67 billion yuan, primarily due to changes in market conditions and consumer structure [1] - The company reported a net profit margin increase of 1 percentage point to 24.30% in the first half of 2025 [1] - Management expenses increased by 1 percentage point to 14.92% in the first half of 2025, while sales expense ratio remained flat year-on-year [1] Group 2: Business Strategy - The company has proactively suspended the loss-making performance project "Only Emei Mountain" to enhance profitability [1] - The Golden Summit cableway project is expected to reach operational status by the end of 2025, which will further increase the tourist capacity of the scenic area after upgrades [1] - The company is actively developing new projects in tea and travel agencies, aiming for future revenue growth [1] Group 3: Market Outlook - The company has made dynamic resource allocation adjustments to reduce costs and improve efficiency, leading to profitability improvements [1] - With traffic optimization and the implementation of the Golden Summit cableway renovation, the tourist capacity of the scenic area is expected to gradually expand [1] - The company continues to promote scenic area adjustments, resulting in improved profitability in the second quarter [1]