Emei Shan Tourism Co Ltd

Emei Shan A released its 2026 interim report on August 28, 2026. During the reporting period, the company achieved total operating revenue of 443 million yuan and net profit attributable to the parent of 123 million yuan, an increase of 1.2943 million yuan compared with the same period last year, up 1.07% year-on-year. Net cash inflow from operating activities was 110 million yuan. The company's asset-liability ratio was 27.07%, down 1.49 percentage points from the same period last year; gross margin was 48.75%, up 0.69 percentage points year-on-year; ROE was 4.52%; diluted earnings per share was 0.23 yuan, up 1.04% year-on-year. Total asset turnover was 0.13 times, and inventory turnover was 6.69 times, up 13.11% year-on-year. The number of shareholders was 41,100, and the top ten shareholders held 45.78% of the total share capital.

Emei Xueya has signed a strategic cooperation agreement with China Resources Snow Breweries. The jointly developed Emei Xueya craft tea beer hit the market on July 28, featuring three distinctive flavors: green tea, jasmine tea, and black tea. Emei Xueya is a wholly owned subsidiary of Emei Shan A, with nearly 30,000 mu of high-altitude standard ecological tea gardens, while China Resources Snow Breweries is a leading player in China's beer industry. The two parties will integrate channel resources across Sichuan and Chongqing, simultaneously deploying in offline supermarkets, restaurants, craft beer outlets, and online e-commerce channels, gradually expanding to the national market. Xiao Zhuqing, an analyst at China Alcoholic Drinks Association, pointed out that China Resources Snow Breweries' industrial platform can address tea companies' shortcomings in brewing capacity, nationwide distribution, and restaurant channels, but whether this can translate into substantial growth for the tea business in the medium to long term depends on the cooperation model and channel synergy capabilities.