Changbai Mountain Tourism Reports H1 Net Profit of 1.27 Million Yuan, Turning Loss into Gain

Stock News07-20

Changbai Mountain Tourism Co.,Ltd. (ASX: 603099) has released its preliminary financial results for the first half of 2026.

The company reported operating revenue of 277 million yuan for the period, representing a year-on-year increase of 17.74%.

Notably, net profit attributable to shareholders reached 1.27 million yuan, a significant reversal from a loss in the same period last year.

After adjusting for non-recurring gains and losses, the core net profit stood at 466,700 yuan, also achieving a turnaround from a prior-year loss.

Key Drivers of Performance Improvement

The company attributed the improved performance to a sustained boom in ice and snow tourism, coupled with the opening of major transportation infrastructure projects such as the Shenyang-Baishan high-speed railway and the G331 highway.

These developments led to a significant year-on-year increase in the number of visitors to the scenic area.

Strategic Initiatives and Growth

Through enhanced market promotion and optimized internal operations, the company successfully converted the higher visitor traffic into increased revenue across its business segments and ancillary services.

This comprehensive strategy resulted in a steady overall improvement in the company's financial performance.

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