China United Travel Co Ltd

CITS United released its 2026 interim report. Total operating revenue was 245 million yuan, up 26.06 percent year-on-year. Net profit attributable to the parent company was a loss of 6.2149 million yuan, an improvement of 9.9083 million yuan compared with the same period last year, marking a second consecutive year of narrowing losses. Net cash flow from operating activities was negative 65.9422 million yuan. The asset-liability ratio was 89.07 percent, gross margin was 6.48 percent, and return on equity was negative 13.10 percent. Diluted earnings per share were negative 0.01 yuan, an increase of 0.02 yuan year-on-year. Total asset turnover was 0.54 times, and inventory turnover was 8.01 times. The number of shareholders was 22,300, and the top ten shareholders held 36.71 percent of total share capital.

China United Travel disclosed its earnings forecast, expecting a net loss attributable to the parent company of 6 million to 9 million yuan in the first half of 2026, compared with a loss of 16.1232 million yuan in the same period last year. The net loss after deducting non-recurring items is expected to be 14 million to 19 million yuan, compared with a loss of 15.9359 million yuan a year earlier. The company's business continues to revolve around three main areas: internet digital marketing, cross-border shopping, and tourism destinations. The announcement stated that the market environment and business situation have not changed significantly, and the operating loss is not materially different from the previous year. However, due to an increase in non-recurring gains and losses, the net loss attributable to the parent company has narrowed year-on-year.