Jiangsu Tianmu Lake Tourism Co Ltd

Tianmu Lake released its 2026 interim report, showing first-half net profit attributable to the parent of 38.34 million yuan, down 29.9% year on year. Operating revenue was 226 million yuan, down 8.2% year on year. Net profit attributable to the parent after deducting non-recurring items was 35.72 million yuan, down 32.5% year on year. Net operating cash flow was 62.4 million yuan, up 18.9% year on year. In the second quarter, operating revenue was 126 million yuan, down 10.9% year on year, and net profit attributable to the parent was 27.89 million yuan, down 31.8% year on year. The company said tourism consumption structure continues to upgrade, with tourists placing greater emphasis on emotional resonance and self-fulfillment, prompting the company to adjust its product strategy to meet market demand.