CYTS's first-half net profit attributable to parent plunges 66.9% year-on-year

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Summary · why it matters

CYTS released its 2026 interim report. First-half operating revenue was 5.39 billion yuan, up 10.7% year-on-year, but net profit attributable to the parent was only 22.13 million yuan, down 66.9% year-on-year. The company said external negative factors such as weather, safety, and consumption continued to pile up, and all business segments were adversely affected to varying degrees. Wuzhen scenic area received 3.1754 million visitors, down 5.81% year-on-year, and Wuzhen Company's net profit was 132 million yuan, down 7.18% year-on-year. Gubei Water Town scenic area received 621,500 visitors, up 26.81% year-on-year, but recorded a net loss of 109.5 million yuan, a slight narrowing of losses year-on-year. The company also initiated the public listing and transfer of a 51% equity stake and related claims in Shanshui Hotel to accelerate the disposal of inefficient businesses. On August 20, the company announced that Chairman Ni Yangping had submitted a written resignation. As of the close on August 25, CYTS's share price had fallen 27.48% cumulatively this year.

Impact on assets 1

Others▼ · 1 stocks

Off-coverage companies 3

乌镇旅游股份有限公司Private▼ Negative
Demandrelevance

Wuzhen scenic area visitors down 5.81% year-on-year, net profit down 7.18%.

中青旅山水酒店集团股份有限公司Private▼ Negative
Capitalrelevance

Company initiated public listing and transfer of 51% equity stake in Shanshui Hotel to dispose of inefficient business.

古北水镇旅游有限公司Private± Mixed
Demandrelevance

Gubei Water Town visitors up 26.81% but still recorded net loss of 109.5 million yuan, narrowing losses.

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