Guilin Tourism: Net profit of 11.03 million yuan in 2025, turning a year-on-year loss into a profit

People’s Finance News, April 3. Guilin Tourism (000978) disclosed its annual report on April 3. In 2025, the company achieved operating revenue of 440 million yuan, up 2% year over year. Net profit attributable to shareholders of the listed company was 11.0328 million yuan, compared with a net loss of 204 million yuan in the prior-year period, representing a turnaround from loss to profit on a year-over-year basis. Basic earnings per share were 0.0236 yuan. The main reasons for the turnaround from loss to profit during the reporting period are as follows: In the first half of 2025, the company recovered previously overdue receivables of 54.34 million yuan. According to the《Enterprise Accounting Standards》 and the company’s accounting policies, in the 2025 interim period the company reversed bad debt provisions of 19.99 million yuan that had been accrued in the prior period, increasing the company’s 2025 net profit by 19.99 million yuan. The company completed the external transfer of 100% equity of the Zijiang Danxia company and the related creditor’s rights held by it in December 2025, which increased the company’s 2025 net profit by 29.9833 million yuan. In addition, the company and some of its subsidiaries accrued total asset impairment provisions and credit impairment provisions of 36.88M yuan as of December 31, 2025.