Qujiang Cultural Tourism released its 2026 interim report, achieving a turnaround to profit despite declining revenue, though non-recurring net profit remained negative. During the reporting period, the company achieved operating revenue of 390 million yuan, down 26.75 percent year on year. Net profit attributable to the parent company was 6.8128 million yuan, compared with a loss of 13.8807 million yuan in the same period last year. Net profit after deducting non-recurring items was negative 59.9494 million yuan, narrowing from a loss of 70.7402 million yuan a year earlier. The turnaround was mainly driven by cost control and non-recurring gains, including a reversal of impairment provisions on receivables subject to separate impairment testing of 54.7687 million yuan, debt restructuring gains of 5.0164 million yuan, and gains on disposal of non-current assets of 6.2748 million yuan, bringing total non-recurring gains to 66.7621 million yuan. Tourism scenic area operation and management remained the revenue pillar, accounting for 63.12 percent, mainly covering core scenic areas such as Tang Paradise and Qujiang Polar Ocean Park. Hotel and catering management revenue accounted for 25.69 percent, while tourism services and merchandise sales accounted for 11.19 percent. During the reporting period, tourism commercial operation revenue grew 35 percent, travel service revenue surged 72.72 percent, and food sales revenue rose 37 percent. The company received about 93,700 inbound tourists in the first half, but faces challenges including human resource structure optimization, revitalization of existing assets, and digital system development, as well as multiple pending lawsuits and investor claim risks.
XiAn Qujiang Cultural Tourism Co LtdNon-recurring net loss of 59.95 million yuan despite headline profit, driven by non-recurring gains.
