CYTS has issued a half-year performance forecast, estimating net profit attributable to the parent company for the first half of 2026 at 22.5 million yuan, a year-on-year decline of about 66.34 percent. The company explained that external negative factors such as weather, safety, and consumption, combined with intensifying competition in the cultural tourism industry, have adversely affected its travel agency, building leasing, hotel, and scenic spot businesses, collectively reducing net profit by approximately 40.3 million yuan. Meanwhile, a reduction in interest expenses brought a positive impact of 17.9 million yuan, and the disposal of trading financial assets along with default litigation compensation had an impact of about negative 15.18 million yuan. Previously, in 2025, the company was already caught in a situation of rising revenue but falling profits, with operating revenue of 11.339 billion yuan, up 13.88 percent year on year, but net profit attributable to the parent company down 47.72 percent. To curb losses and focus on its core business, CYTS is planning to publicly list and transfer its 51 percent stake in the persistently loss-making and insolvent Shanshui Hotel, along with its creditor rights. In the secondary market, as of the close on July 15, CYTS shares rose 2.75 percent to 7.11 yuan per share, giving it a total market capitalization of about 5.147 billion yuan, with the share price having fallen nearly 30 percent cumulatively this year.
China CYTS Tours Holding Co LtdNet profit dropped 66% due to external negative factors and competition hurting travel agency, hotel, and scenic spot businesses.
CYTS plans to sell its 51% stake in loss-making Shanshui Hotel, indicating financial distress.