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lijiang yulong tourism (002033): Net income in Q3 24 decreased year-on-year, with a one-time drag from the opening of the InDig Hotel in Lugu Lake.
The company released the third quarter report, with revenue of 0.636 billion yuan in the first three quarters of 2024, a yoy decrease of 1%, achieving a net income attributable to the parent company of 0.192 billion yuan, a yoy decrease of 9%, and a non-net income attributable to the parent company of 0.192 billion yuan, a yoy decrease of 11%.
In-depth review of Lijiang Yulong Tourism (002033): Short-term performance decline due to new hotel opening, looking forward to cable car expansion to increase peak season capacity.
The company released the third quarter report for 2024. In Q3 24, the company achieved revenue of 0.251 billion yuan, up by +0.56% year-on-year; net income attributable to the parent company was 0.08 billion yuan, down by -11.89% year-on-year. The increase in operating expenses was due to the opening of a new hotel.
Lijiang shares: report for the third quarter of 2024
lijiang yulong tourism (002033.SZ): The total investment of the Lijiang Yulong Snow Mountain Maoniuping Tourist Ropeway Reconstruction and Expansion Project has increased to 0.532 billion yuan.
On September 24, Gelunhui announced that due to the relatively long approval time for the project, the total planned investment of 295.23906 million yuan needs to be increased to 531.9866 million yuan, taking into account factors such as imported cable car equipment, materials, labor costs, and adjustments to related engineering & construction standards. On September 24, 2024, the 34th meeting of the 7th board of directors of Lijiang Yulong Tourism passed the resolution on adjusting the investment scale of the Lijiang Yulong Snow Mountain Maoniuping Tourism Cable Car Transformation and Expansion Project, approving the investment.
Lijiang Yulong Tourism (002033): Net income in the second quarter is under pressure, actively exploring multiple areas to meet challenges.
The net income attributable to the parent company in the first half of the year decreased by 7% year-on-year, with a 14% decrease in the second quarter. In the first half of the year, the company achieved revenue of 0.385 billion yuan, down 1.93%, with a net profit attributable to the parent company of 0.112 billion yuan, down 7.22%, and a non-net profit.
Deep * company * Lijiang Yulong Tourism (002033): 24h1 performance is temporarily under pressure, pay attention to the performance in the peak season and supply increment.
The company released its 2024 interim report. In 24H1, the company achieved revenue of 0.385 billion yuan, a year-on-year decrease of 1.93%; net income attributable to shareholders was 0.112 billion yuan, a year-on-year decrease of 7.22%. The performance has slightly declined in the short term, in the domestic tourism market.
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