Dalian Sunasia Tourism Holding Co Ltd

Dalian Sun Asia released its 2026 interim report, showing total operating revenue of 190 million yuan, up 2.29% year-on-year, and net profit attributable to the parent of 16.2143 million yuan, an increase of 32.113 million yuan compared with the same period last year, achieving a turnaround from loss to profit. Net cash inflow from operating activities was 33.4627 million yuan, up 15.54% year-on-year. The asset-liability ratio fell to 81.97%, gross margin was 49.78%, return on equity was 7.69%, and diluted earnings per share was 0.13 yuan.

Dalian Sun Asia Tourism Holding's application to issue shares to targeted subscribers has been approved by the Shanghai Stock Exchange. The company received the exchange's review opinion on July 14, 2026, confirming that the application meets issuance conditions, listing conditions, and information disclosure requirements. The issuance still requires registration approval from the China Securities Regulatory Commission before it can be implemented, and there remains uncertainty as to whether registration will ultimately be completed and the specific timing of approval.

Dalian Sun Asia disclosed its earnings forecast, expecting net profit attributable to the parent of 13 million to 19.5 million yuan in the first half of 2026, turning from a loss to a profit year-on-year, compared with a loss of 15.8987 million yuan in the same period last year. The company stated that the turnaround was mainly due to debt restructuring gains from signing a settlement agreement during the reporting period, as well as the combined impact of investment losses from transferring a subsidiary's equity in the same period last year. In terms of net profit after deducting non-recurring items, a loss of 2.4 million to 3.6 million yuan is expected, compared with a profit of 188,400 yuan in the same period last year, mainly due to factors such as the deduction of debt restructuring gains and increased expenses. Dalian Sun Asia's main business covers scenic area operations, commercial operations, animal operations, and hotel operations.

Lingnan Holdings opened limit-up, sparking a broad rally in tourism-related stocks. On the policy front, the State Council has approved in principle the 15th Five-Year Plan for building a strong tourism nation, which focuses on modernising the tourism system and unlocking consumption potential. Tibet Tourism also hit limit-up, while Dalian Sun Asia, Songcheng Performance, and Zhangjiajie Tourism Group rose in sympathy. The coal sector also pushed higher, with Jinneng Holding Coal Industry hitting limit-up, and Lu'an Environmental Energy, Shanxi Coal International Energy, and Shaanxi Coal Industry advancing. A CICC research note pointed out that the industry's supply-demand balance will continue to improve against a backdrop of supply contraction.