Jiuhua Tourism’s net profit in the first quarter was nearly 170%, and last year’s profit1.200000000

Jiuhua Tourism’s net profit in the first quarter was nearly 170%, and last year’s profit1.200000000
On April 28, Anhui Jiuhuashan Tourism Development Co., Ltd. (hereinafter referred to as “Jiuhua Tourism”) released its 2019 annual report.In 2019, Jiuhua Tourism’s operating income reached 5.3.7 billion, an annual increase of 10.7%; net profit is 1.1.7 billion, an annual increase of 27.08%; non-net profit deduction is 1.2.5 billion US dollars, an annual increase of 25.18%.Affected by the epidemic, Jiuhua Tourism experienced a significant drop in passenger traffic in the first quarter, and its revenue and net profit increased substantially.The main business of Jiuhua Tourism includes hotels, cable cars, passenger transport, and travel agencies. The cable car business is an important and stable revenue for Jiuhua Tourism.In 2019, the revenue of the ropeway business of Jiuhua Tourism was 2.3 ten percent, an increase of 16.23%, gross margin was 82.78%, the highest gross profit rate in the main business of Jiuhua Tourism.The revenue of Jiuhua Tourism’s second main business hotel business is 1.6.7 billion, an annual increase of 10.33%, gross margin is 10.55%.Obviously, while the revenue of the hotel business increased, the cost of the hotel business also increased due to factors such as the completion of the transfer of the hotel and the increase in depreciation costs19.76% to 1.500 million yuan, accounting for 54 of the total cost in 2019.13%.In addition, the main business income of passenger transportation business is 9074.150,000 yuan, an annual increase of 12.twenty three%.The main business income of the travel agency business is 4456.320,000 yuan, down 11 every year.38%.Summary of the report, Jiuhua Tourism has all wholly-owned subsidiaries, namely Anhui Jiuhuashan Tourism Passenger Transport Co., Ltd. and Chizhou Pingtian Tourism Development Co., Ltd., and an associated company, Anhui Shitai Tourism Development Co., Ltd.With the exception of Anhui Jiuhuashan Tourism Passenger Transport Co., Ltd., the other two companies are in the state of replacement in 2019.As of the end of 2019, Jiuhua Tourism confirmed the profit and loss of investment in Anhui Shitai Tourism Development Co., Ltd. as -352 under the equity method.340,000 yuan, Chizhou Pingtian Tourism Development Co., Ltd. added 39.430,000 yuan.Affected by the epidemic, Jiuhua Tourism experienced a significant drop in passenger traffic in the first quarter of 2020, in which the proportion of team travel declined and the source areas were more concentrated.The first quarter report showed that Jiuhua’s tourism revenue decreased by 83 per year.97% to 2145.07,000 yuan, the net profit can be reduced by 169.89% to -2708.720,000 yuan.In addition, the net cash flow from Jiuhua’s tourism business activities was -7936.180,000 yuan, a year-on-year decrease of 532.86%.Jiuhua Tourism said that in the long run, the epidemic situation is not expected to have a significant adverse impact on the company’s long-term operation and core competitiveness. After the epidemic situation is effectively controlled, the tourism industry may experience restorative consumption and usher in the inflection point of the release of terminal demandJiuhua Tourism will take advantage of the favorable opportunity for the recovery and revitalization of the tourism industry, adopt measures such as enhanced marketing, strict control of costs, and favorable policy support to minimize the adverse impact of the epidemic on the company.Sauna, Ye Wang Wang Zhenzhen Pictures Wang Zhenzhen Video Editor Li Zheng proofreading Liu Baoqing