Ojo de águila alerta: La tasa de margen bruto de ventas de turismo de Jiuhua ha disminuido

Sina Finance Listed Company Research Institute | Financial Report Eagle Eye Warning

March 25th, Jiuhua Tourism released the 2025 annual report.

The report shows that the company’s total operating income for 2025 is 879 million yuan, an increase of 14.93% year-on-year; net profit attributable to the parent company is 213 million yuan, an increase of 14.42% year-on-year; non-recurring net profit attributable to the parent is 205 million yuan, an increase of 16.42% year-on-year; basic earnings per share are 1.92 yuan/share.

Since the company was listed in March 2015, it has paid cash dividends 10 times, with a total cash dividend of 301 million yuan.

The listed company financial report Eagle Eye warning system conducts intelligent quantitative analysis of Jiuhua Tourism’s 2025 annual report from four major dimensions: performance quality, profitability, capital pressure and safety, and operational efficiency.

I. Performance Quality Aspect

During the reporting period, the company’s revenue was 879 million yuan, an increase of 14.93% year-on-year; net profit was 213 million yuan, an increase of 14.42%; net cash flow from operating activities was 312 million yuan, an increase of 19.06%.

II. Profitability Aspect

During the reporting period, the company’s gross profit margin was 49.88%, a decrease of 0.66% year-on-year; net profit margin was 24.22%, a decrease of 0.45%; return on equity (weighted) was 13.55%, an increase of 6.86%.

Considering the company’s operational side, key points to monitor include:

• Decline in gross profit margin on sales. During the reporting period, the gross profit margin on sales was 49.88%, down 0.66% year-on-year.

III. Capital Pressure and Safety Aspect

During the reporting period, the company’s asset-liability ratio was 15.37%, down 16.6% year-on-year; current ratio was 2.49, quick ratio was 2.47; total debt was 548,800 yuan, of which short-term debt was 548,800 yuan, accounting for 100% of total debt.

From the perspective of short-term capital pressure, key points to monitor include:

• Significant increase in the ratio of short-term to long-term debt. During the reporting period, short-term debt / long-term debt increased sharply to 0.04.

From the perspective of capital management, key points include:

• Continuous growth in the ratio of monetary funds to total assets, and in the ratio of total debt to total liabilities. In the past three annual reports, the ratios of monetary funds to total assets were 9.85%, 11.04%, and 11.62%; the ratios of total debt to total liabilities were 0.02%, 4.5%, and 4.67%. Both show an increasing trend, warning of a dual high trend in deposits and loans.

• Interest income / monetary funds ratio less than 1.5%. During the reporting period, monetary funds were 230 million yuan, short-term debt was 548,800 yuan, and the average interest income / monetary funds ratio was 0.637%, below 1.5%.

• Growth rate of prepayment accounts higher than that of operating costs. During the reporting period, prepayment accounts increased by 24.66% from the beginning of the period, while operating costs increased by 15.69% year-on-year; the growth rate of prepayment accounts exceeds that of operating costs.

IV. Operational Efficiency Aspect

During the reporting period, the company’s accounts receivable turnover rate was 276.56, an increase of 15.9%; inventory turnover rate was 69.33, an increase of 35.59%; total asset turnover rate was 0.46, an increase of 10.69%.

From the perspective of long-term assets, key points to monitor include:

• Significant changes in construction-in-progress. During the reporting period, construction-in-progress was 100 million yuan, an increase of 1738.75% from the beginning of the period.

Click Jiuhua Tourism Eagle Eye Warning to view the latest warning details and visualized financial report preview.

Sina Finance Listed Company Financial Report Eagle Eye Warning Introduction: The Eagle Eye Warning system is an intelligent professional analysis system for listed company financial reports. It gathers authoritative financial experts from accounting firms and listed companies to track and interpret the latest financial reports from multiple dimensions such as company performance growth, earnings quality, capital pressure and safety, and operational efficiency, and provides visual prompts of potential financial risks. It offers professional, efficient, and convenient technical solutions for financial risk identification and early warning for financial institutions, listed companies, regulatory authorities, etc.

Eagle Eye Warning Access: Sina Finance APP - Market - Data Center - Eagle Eye Warning or Sina Finance APP - Stock Market Page - Financials - Eagle Eye Warning

Disclaimer: The market carries risks, investment should be cautious. This article is automatically published based on third-party databases and does not represent Sina Finance’s views. All information appearing herein is for reference only and does not constitute personal investment advice. Please refer to actual announcements for any discrepancies. For questions, contact biz@staff.sina.com.cn.