Zhang Jia Jie Tourism Group Co Ltd

Several tourism companies have disclosed their half-year results, showing overall profit growth but widening divergence. Lijiang Yulong Tourism reported first-half revenue of 419 million yuan and net profit attributable to shareholders of 133 million yuan, up 40.5 percent year on year. Yuyuan Tourist Mart reported first-half revenue of 17 billion yuan and net profit attributable to shareholders of 160 million yuan, up 157 percent year on year. Anhui Jiuhuashan Tourism Development posted net profit of 152 million yuan, up 7.27 percent year on year, mainly driven by cost control. Zhangjiajie Tourism Group turned losses into profits, with net profit attributable to shareholders of about 308 million yuan, up 1,026.8 percent year on year, but this relied mainly on non-recurring gains. Yunnan Tourism, China CYTS Tours Holding, and Sanxiang Impression reported expected losses or profit declines. Among them, China CYTS Tours Holding expects net profit attributable to shareholders of 22.5 million yuan, down 66.34 percent year on year. Yuyuan Tourist Mart Chairman Huang Zhen said the company's core business adjustment and transformation are showing results, while cultural expansion overseas is creating a new growth curve. In the second half of the year, the company will seize three major opportunity windows: trend-driven, structural, and innovative, while continuing to pursue global expansion.

Zhangjiajie released its 2026 interim report, with net profit attributable to the parent company of 308 million yuan, an increase of 342 million yuan compared with the same period last year, turning losses into profits. Total operating revenue was 212 million yuan, up 9.34 percent year on year, and net cash inflow from operating activities was 4.4179 million yuan, up 333.75 percent year on year. The latest asset-liability ratio was 26.93 percent, down 60.77 percentage points from the same period last year, gross margin was 21.94 percent, and ROE was 16.94 percent. Diluted earnings per share were 0.38 yuan, an increase of 0.42 yuan from the same period last year.

On the evening of the 17th, multiple A-share companies disclosed their 2026 half-year reports, with first-half net profits rising sharply year on year. Sunwave Communications achieved net profit attributable to owners of the parent company of 50.3935 million yuan, up 1,825.74 percent year on year; Youngy Company posted net profit of 1.002 billion yuan, up 1,076.14 percent; Do-Fluoride New Materials reported net profit of 512 million yuan, up 897.19 percent. In addition, companies including Grand Industrial Holding, Hebang Biotechnology, Chengxing Group, Shanghai Ailu Package, Zhaojin Gold, Fudan Microelectronics, Raytron Technology, and Decole saw year-on-year net profit growth of more than 100 percent, among which 10 stocks including Shenzhen Keda achieved net profit growth of over 100 percent year on year. CSPC Innovation Pharmaceutical, Tianhua New Energy, Minmetals New Energy, and Zhangjiajie Tourism turned losses into profits year on year.

Zhangjiajie's wholly-owned subsidiary Dayong Ancient City Development plans to sign a cooperation and promotion agreement with Zhangjiajie Mango Cultural Tourism. It will pay a maximum of 9.6 million yuan for production and music copyright fees for two concerts, with any excess net profit split 50 percent each. The cooperation aims to leverage concert traffic to boost Dayong Ancient City's brand awareness and convert visitor flow into operating revenue for the scenic area and hotels through bundled sales, laying a market foundation for the project's opening and operation. The shareholders of Zhangmang Cultural Tourism, Mango Excellent Media and Hunan TV & Broadcast Intermediary, are legal persons and persons acting in concert that together hold more than 5 percent of Zhangjiajie's shares, making this a related-party transaction. In the first quarter of 2026, Zhangjiajie achieved revenue of 66.86 million yuan and net profit attributable to the parent of 306 million yuan.

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.