XiAn Tourism Co Ltd

ST Xilv released its 2026 interim report, with net profit attributable to the parent company at minus 58.4768 million yuan, a loss expansion of 2.4871 million yuan compared with the same period last year. Total operating revenue was 204 million yuan, down 6.51 percent year-on-year. Net cash flow from operating activities was minus 2.2206 million yuan, down 114.75 percent year-on-year. As of June 30, 2026, the company's asset-liability ratio rose to 109.10 percent, an increase of 16.76 percentage points from the same period last year. Gross margin was 0.51 percent, down 1.58 percentage points year-on-year. Diluted earnings per share was minus 0.25 yuan, a decrease of 0.01 yuan from the same period last year.

ST Xilv released its 2026 interim report, showing mounting operating pressure and broadly weaker core financial metrics. Revenue for the first half came to 204 million yuan, down 6.51 percent year on year. Net loss attributable to shareholders was 58.48 million yuan, widening 4.44 percent. Net loss after deducting non-recurring items was 66.23 million yuan, widening 18.40 percent. The debt-to-asset ratio climbed to 109.10 percent, leaving shareholders' equity negative and the company insolvent. Its shares have been under delisting risk warning since April 27, 2026. The company made a bad debt provision of 47.04 million yuan for prepayments to Sichuan Youse New Material Technology Company Limited. A lawsuit involving its subsidiary Diebu County Zhagana Kangyang Real Estate Company Limited has been ruled, requiring payment of 45.71 million yuan in construction fees, and enforcement proceedings have begun. The board resolved not to distribute cash dividends, bonus shares, or convert capital reserves into share capital for the first half of 2026.

*ST Xilv disclosed its earnings forecast, expecting a net loss attributable to the parent company of 40 million to 60 million yuan in the first half of 2026, compared with a loss of 55.9896 million yuan in the same period last year. The net loss after deducting non-recurring items is expected to be 42 million to 66 million yuan, compared with a loss of 55.9324 million yuan in the same period last year. The company stated that intensified competition in the cultural tourism industry and travel demand falling short of expectations led to a decline in revenue from the hotel and travel agency segments. Coupled with rigid costs such as labor and property expenses, the profitability of these segments came under pressure. The company took measures such as optimizing pricing, launching specialty products, and closing underperforming outlets to offset the downward pressure on revenue, resulting in net profit for the current period remaining roughly flat compared with the same period last year.