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Jiuhua Tourism (603199): Passenger flow is in line with expectations, traffic improvement is expected, catalyzed during peak season
Key investment points The company achieved revenue of 724 million yuan in 2023, an increase of 117.9% over the previous year, and recovered to 134.7% in 2019; achieved net profit of 175 million yuan, an increase of 1,374 million yuan over the previous year.
The tourist attraction sector weakened. Mount Emei A fell more than 5%, Lingnan Holdings fell nearly 4%, and Yunnan Tourism and Jiuhua Tourism followed suit.
The tourist attraction sector weakened. Mount Emei A fell more than 5%, Lingnan Holdings fell nearly 4%, and Yunnan Tourism and Jiuhua Tourism followed suit.
Guoxin Securities released a research report on April 22 stating that it gave Jiuhua Travel (603199.SH) an increase in its holdings. The main reasons for the rating include: 1) Jiuhua Tourism: deeply involved in the Jiuhuashan tourism industry chain, the
Guoxin Securities released a research report on April 22 stating that it gave Jiuhua Travel (603199.SH) an increase in its holdings. The main reasons for the rating include: 1) Jiuhua Tourism: deeply involved in the Jiuhuashan tourism industry chain, the main business concentration is high, ropeways contribute to core profits, and post-epidemic recovery is leading; 2) Short-term transportation improvements and long-term ropeway expansion continue to benefit from Dahuangshan's strategic advancement. (Mainichi Keizai Shimbun)
Jiuhua Tourism (603199): Post-epidemic recovery is more flexible, and marginal traffic improvement is expected to boost passenger flow
Jiuhua Mountain: One of China's top four famous Buddhist mountains. In 2023, ticket revenue for scenic spots increased by 42% compared to 2019. Mount Jiuhua is one of the four famous Buddhist mountains in China. After the epidemic, visitors chased spiritual experiences such as temple tours, which combined with the cost effectiveness of tourist attractions
Minsheng Securities released a research report on April 20 stating that it gave Jiuhua Travel (603199.SH) a recommended rating. The main reasons for the rating include: 1) net profit of 175 million yuan/year-on-year loss turned into profit in 2023; 2) div
Minsheng Securities released a research report on April 20 stating that it gave Jiuhua Travel (603199.SH) a recommended rating. The main reasons for the rating include: 1) net profit of 175 million yuan/year-on-year loss turned into profit in 2023; 2) dividend plan and new project expectations: dividends far exceed the same period in 2019, and construction of the Lion Rock Scenic Area is scheduled to begin in December 2024. (Mainichi Keizai Shimbun)
Jiuhua Tourism (603199): Performance has improved significantly in 23 years, and the Lion Peak Ropeway is expected to contribute to the increase
The company released the 23rd annual report and the quarterly report for '24: (1) The full year of '23: revenue of 720 million yuan, up 117.9%, up 34.7% from '19; net profit to mother was 170 million yuan, turning a loss into a profit (loss in '22
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