Western Regions Tourism Development

Western Regions Tourism released its 2026 interim report, with net profit attributable to the parent company of 3.6791 million yuan, a decrease of 7.5474 million yuan from the same period last year, down 67.23% year on year. The company's total operating revenue was 107 million yuan, a decrease of 6.9132 million yuan from the same period last year, down 6.08% year on year. Net cash inflow from operating activities was 37.2724 million yuan, a decrease of 17.6383 million yuan from the same period last year, down 32.12% year on year. The company's latest asset-liability ratio was 27.06%, up 0.54 percentage points from the previous quarter and down 3.01 percentage points from the same period last year. The latest gross margin was 28.75%, up 107.39 percentage points from the previous quarter and down 7.36 percentage points from the same period last year. The latest return on equity was 0.50%, down 1.06 percentage points from the same period last year. Diluted earnings per share were 0.02 yuan, a decrease of 0.05 yuan from the same period last year, down 71.43% year on year.

Western Regions Tourism Development has issued its 2026 half-year performance forecast, estimating first-half net profit attributable to the parent at 3 million to 4 million yuan, a year-on-year decline of 64.38% to 73.29%. Net profit attributable to the parent after deducting non-recurring items is expected to be 2.9 million to 3.9 million yuan, down 65.18% to 74.11% year-on-year. The company said the decline was mainly due to changes in tourism consumption structure, new projects still being in the market cultivation phase, and increased depreciation costs from upgrading scenic area operating vehicles. Western Regions Tourism stated that in the second half of the year it will continue to optimize product offerings, explore new business formats, and build a second growth curve. As of the A-share market close on the day, Western Regions Tourism traded at 25.23 yuan, up 0.8%, but the stock price has been falling continuously since last September, dropping more than 50% from its peak of 58.36 yuan on September 19, 2025.

Western Regions Tourism disclosed a performance forecast, expecting attributable net profit for the first half of 2026 to be between 3 million yuan and 4 million yuan, a year-on-year decline of 64.38% to 73.29%. Deducted non-recurring net profit is expected to be between 2.9 million yuan and 3.9 million yuan, a year-on-year decline of 65.18% to 74.11%. The company said the decline in performance was mainly affected by changes in tourism consumption structure, new projects being in a market cultivation period, and increased depreciation costs from updating scenic area operating vehicles. In the second half of the year, the company will focus on new demands in cultural tourism consumption, optimize product supply, develop new business formats, and push new projects to move past the cultivation period as soon as possible.