JHT(603199)2024-11-08 08:28Financial Performance - In Q3 2024, the company achieved operating revenue of 174 million CNY, a decrease of 4.15% year-on-year [2] - The net profit attributable to shareholders was 39.29 million CNY, down 2.85% year-on-year [2] - From January to September 2024, the company reported operating revenue of 569 million CNY, an increase of 1.31% year-on-year [2] - The net profit attributable to shareholders for the same period was 154 million CNY, up 1.18% year-on-year [2] Project Updates - The construction of the Lion Peak Scenic Area cableway project is progressing, with a total construction period of approximately 24 months [2] - The project has received necessary approvals from environmental and planning authorities [2] Business Structure and Future Plans - The company’s subsidiary, Jiuhua Mountain Dayuan Cultural Park, currently has no plans to transfer assets to the listed company [3] - The controlling shareholder has rebranded to better align with the development of a world-class leisure and wellness tourism destination [3] - The company aims to enhance its business operations by focusing on tourism resource integration, industry transformation, and brand development [4] Visitor Trends - The proportion of individual visitors has increased to over 80%, while group visitors have declined [4] - The company operates multiple travel agencies and has a strong competitive advantage in local tourism services [4] Marketing Strategies - The company is enhancing its marketing efforts during the off-peak season by leveraging local culture and winter tourism resources [5] - Strategies include improving online platforms, optimizing brand exposure, and utilizing new media for marketing [5] Transportation Developments - The S358 Qingyang to Hongshi road reconstruction is underway, which will improve access to Jiuhua Mountain [5] - This development is expected to facilitate increased tourist traffic to the area [5]