Announcement of expected losses in the first half of 2024 for Xi'an Qujiang Cultural Tourism Co., Ltd.

Sensex a shareJul 9 12:00 ET · Announcements

Xi'an Qujiang Cultural Tourism (600706.SH): Expected net loss of 150-180 million yuan in the first half of the year.

On July 9th, GeLongHui reported that Xi'an Qujiang Cultural Tourism (600706.SH) estimated a net loss for the first half of 2024 to be approximately -150 million yuan to -180 million yuan, attributable to its controlling shareholders. This represents a loss compared to the same period last year. It is expected that the net income attributable to the controlling shareholders after deduction of non-recurring gains and losses for the first half of 2024 will be approximately -151.6 million yuan to -181.6 million yuan. Due to changes in the expected credit loss model for accounts receivable, bad debt provision increased causing the amount of provision for credit losses to increase compared to the same period last year, as required by accounting policies.

Gelonghui FinanceJul 9 07:24 ET

Xi'an Qujiang Cultural Tourism (600706.SH) has received a warning letter from the Shaanxi Securities Regulatory Bureau.

Xi’an Qujiang Cultural Tourism (600706.SH) announced that the company received a notice from the China Securities Regulatory Commission on June 21, 2024...

Zhitong FinanceJun 21 05:41 ET

Xi'an Qujiang Cultural Tourism (600706.SH) plans to transfer assets to its wholly-owned subsidiary.

On June 6th, Gelonhui reported that Xi'an Qujiang Cultural Tourism (600706.SH) announced that in order to further improve management efficiency, increase asset utilization, enhance the core competitiveness of its wholly-owned subsidiary, Xi'an Qujiang Tangyi Investment Co., Ltd. (referred to as "Tangyi Company"), achieve professional operation, the company will transfer the Tanghua Hotel assets involved on the books of Tanghua Branch according to the audited book value to its wholly-owned subsidiary, Tangyi Company.

Gelonghui FinanceJun 6 08:14 ET

Xi'an Qujiang Cultural Tourism (600706.SH): Intends to transfer 100% equity of Daming Palace Ruins Park Company to Daming Palace Investment Group.

On June 6th, Guolonghui announced that its wholly-owned subsidiary, Daming Palace Ruins Park Co., Ltd., accepted the commission of the Protection and Renovation Office of Daming Palace Ruins Area in Qujiang, Xi'an to provide management services for Daming Palace Ruins Park scenic area. The current annual management fee is 128.1 million yuan. Daming Palace Ruins Park Co., Ltd. is allowed to carry out operational activities within the scenic area, and the revenue from the operational activities belongs to Daming Palace Ruins Park Co., Ltd. In order to maintain the interests of the company and investors, and reduce the amount of company's receivables, the company intends to sign an Equity Transfer Agreement with Daming Palace Investment Group in a non-public agreement to transfer the equity interest of Daming Palace.

Gelonghui FinanceJun 6 08:13 ET

Qujiang Cultural Tourism (600706.SH): Qujiang New Area received a total of 3.564,400 visitors during the May 1st holiday

Gelonghui, May 22丨Qujiang Cultural Tourism (600706.SH) said on the investor interactive platform that according to relevant statistics, the Qujiang New Area received a total of 3.564,400 visitors during the May 1st holiday period.

Gelonghui FinanceMay 22 03:44 ET