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Changbai Mountain Tourism (SHSE:603099) Seems To Use Debt Rather Sparingly
Changbai Mountain Tourism to Set Up 40 Million Yuan Joint Venture With Parent
Changbai Mountain Tourism Co., Ltd.'s semi-annual report for 2024.
Changbai Mountain Tourism Co., Ltd. Summary of 2024 Half-Year Report
Changbai Mountain Tourism (603099.SH): Its wholly-owned subsidiary is entrusted with the management of the En Duliri leisure vacation community project.
Changbai Mountain (603099.SH) announced on August 7th that its wholly-owned subsidiary, Jilin Tianchi Hotel Management Co., Ltd., has been entrusted to manage the operation of the Enduoli leisure vacation community project operated by Enjili Real Estate Development Co., Ltd. in Changbai Mountain Protection and Development Zone. The contract period is ten years, and the expected management fee is about 22.15 million yuan.
Changbai Mountain Tourism (603099.SH): The net income in the first half of the year was 21.033 million yuan, a year-on-year increase of 71.70%.
Changbai Mountain (603099.SH) released the 2024 interim report on August 7th, with operating income of 0.254 billion yuan during the reporting period, up 51.73% year-on-year; net income attributable to shareholders of the listed company was 21.033 million yuan, up 71.70% year-on-year; net income attributable to shareholders of the listed company after deducting non-recurring gains and losses was 27.0914 million yuan, up 138.31% year-on-year; and basic earnings per share was 0.08 yuan. The company has exclusive operating rights for the transportation routes of the north, west, and south scenic areas of Changbai Mountain, and is the travel company with the most vehicles and the most diverse types in the Changbai Mountain region.
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