Tibet Tourism Co Ltd

Tibet Tourism released its 2026 interim report, with first-half net profit attributable to the parent of 2.91 million yuan, up 39% year on year. Operating revenue was 94.23 million yuan, up 4.3% year on year. Net loss attributable to the parent after deducting non-recurring items was 1.78 million yuan, narrowing from a loss of 8.89 million yuan in the same period last year. Net operating cash flow was 0.97 million yuan, down 24.3% year on year. Second-quarter net profit attributable to the parent was 22.91 million yuan, up 104.2% year on year. The company said its operating strategy focuses on core businesses including tourist attractions, tourism services, tourism cultural and creative products, and pilgrim reception, with operating revenue related to the Ngari region growing substantially.

Tibet Tourism announced that its subsidiary Shengdi Automobile Company has closed a special regulatory account and received special surplus funds of 5.8646 million yuan. The account was opened to properly handle the aftermath of traffic accidents from 2014 to 2015. After the matters were resolved, the company applied for cancellation, and the funds were transferred to Shengdi Automobile Company's basic bank account. The special accident surplus funds received this time are expected to have a significant impact on the company's non-recurring profit and loss changes in 2026, and the final result will be subject to the annual audit. In the first quarter of 2026, Tibet Tourism achieved revenue of 24.41 million yuan and a net loss attributable to the parent company of 20 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.