LN Holdings(SZ:000524)2025-09-23 11:50Group 1: Financial Performance - The company achieved a total revenue of CNY 2,089.60 million in the first half of 2025, representing an 8.52% increase compared to the same period last year [2] - The net profit attributable to shareholders reached CNY 49.53 million, marking a 24.39% growth year-on-year [2] - The net cash flow from operating activities was CNY 124.78 million, with a debt-to-asset ratio of 39.03% and a weighted average return on equity of 2.16% [2] Group 2: Travel and Tourism Business - The core subsidiary, Guangzhou Guangzhilv International Travel Agency, generated CNY 1,535.71 million in revenue, an 11.78% increase year-on-year [3] - The outbound tourism segment (excluding Hong Kong and Macau) contributed CNY 848.81 million, while domestic tourism revenue was CNY 498.20 million [3] - The net profit for the travel business was CNY 23.29 million, reflecting a 34.91% increase compared to the previous year [3] Group 3: Hotel Management Business - The hotel management segment reported revenue of CNY 118.56 million, a 1.60% increase year-on-year, with a net profit of CNY 9.73 million, up 23.26% [5] - The company’s hotel operations have expanded with 69 new projects signed, adding nearly 4,000 rooms [7] - The company is focusing on a "North-South Coordination" strategy to enhance its national layout [6] Group 4: Scenic Area Development - The company has established Guangzhou Guangzhilv Yujing Destination Tourism Development Co., managing scenic spots like Baiyun Mountain and expanding to other provinces [8] - The scenic area business is actively engaging in market expansion and brand marketing, collaborating with various partners to enhance the visitor experience [8] Group 5: Duty-Free Business - The company has partnered with China Duty Free Group and others to establish a duty-free store in Guangzhou, with a registered capital of CNY 45 million [10] - The first city duty-free store opened on August 26, 2025, enhancing the shopping experience for outbound travelers [10] - Future plans include leveraging travel agency resources to drive traffic to the duty-free store through targeted marketing [11] Group 6: New Retail and Cultural Products - In the first half of 2025, the company developed 87 cultural products, generating nearly CNY 700,000 in revenue [12] - The company is expanding its product offerings to meet consumer demands, achieving record sales in seasonal products [12]