Sante Cableways released its 2026 interim report on August 28, showing higher revenue but lower profit for the period. Operating revenue was 288 million yuan, down 1.60 percent year on year. Net profit attributable to the parent company was 53.8875 million yuan, down 20.22 percent. Net profit excluding non-recurring items was 64.0732 million yuan, down 4.84 percent. The larger decline in net profit than in the ex-item figure was mainly due to a provision of 10.5 million yuan for an administrative penalty, resulting in a net non-recurring loss of 10.1857 million yuan. Cableway operations remained the core revenue source, accounting for 78.37 percent of revenue at 225 million yuan. Scenic area ticket revenue accounted for 15.00 percent at 43.1341 million yuan. The flagship projects, Guizhou Fanjingshan and Huashan Cableway, saw visitor flows decline due to weather and a high base last year, while the Hainan Monkey Island project benefited from free trade port policies, with visitor numbers up 17.96 percent year on year and net profit up 13.24 percent. The company faces extreme weather, reduced policy subsidies, and compliance pressure, and will need to monitor visitor flow recovery and progress on new projects.
Wuhan Sante Cableway Group Co LtdNet profit dropped 20.22% due to a 10.5 million yuan administrative penalty provision, despite higher revenue from Hainan project.
