CBMT(SH:603099)2024-11-15 09:22Group 1: Visitor Statistics - As of September 2024, Changbai Mountain Scenic Area received a total of 2.775 million visitors, representing a year-on-year increase of 23.5% [1] - In Q3 2024, the scenic area recorded 1.678 million visitors, a year-on-year growth of 5.85% [2] Group 2: Financial Performance - For the period ending September 2024, the company achieved a revenue of CNY 595 million, up 19.55% year-on-year, while net profit was CNY 148 million, a decrease of 2.52% [1] - In Q3 2024, the company reported revenue of CNY 340 million, reflecting a year-on-year increase of 3.19%, with net profit at CNY 127 million, down 9.04% compared to the previous year [1] Group 3: Impact of Weather and Operations - Extreme weather conditions significantly affected visitor numbers and hotel occupancy, with the scenic area closed for seven consecutive days during peak season from July 27 to August 2, 2024 [2] - In September, the North Slope Tianchi scenic spot was closed for five days due to heavy rain and fog, which did not occur in the same period last year [2] Group 4: Business Segments Performance - The transportation segment (Zhixing Company) saw a revenue increase of 37.59% year-on-year, attributed to the addition of new bus and ride-hailing services [2] - The hotel segment reported a revenue increase of 4.29% year-on-year, with Crowne Plaza Hotel revenue rising by 8.37%, mainly due to increased income from winter tourism [2] Group 5: Winter Tourism Initiatives - The company plans to enhance winter tourism offerings by expanding ice and snow projects and introducing new experience and fee-based activities [3] - The company is also preparing to open previously unavailable snow experience projects this winter due to last year's snowmobile shortages [3] Group 6: Government Collaboration and Promotion - Local government and tourism departments are actively promoting winter tourism through online advertising and offline promotional activities in key source cities [3] - The winter flight schedule from Changbai Mountain Airport will include 28 routes to 20 cities, enhancing accessibility for tourists [3] Group 7: Policy Impact - The recent government document on promoting high-quality development in winter sports outlines 24 measures to stimulate the ice and snow economy, which the company plans to leverage for enhancing its winter tourism offerings [3]