Last year, Lijiang’s net income reversed double growth and the main income of the ropeway changed

Last year, Lijiang’s net income reversed double growth and the main income of the ropeway changed
On March 31, Lijiang Yulong Tourism Co., Ltd. (hereinafter referred to as “Lijiang Shares”) released its 2019 annual report.The report shows that after two consecutive years of low revenue and double-growth changes in net profit, Lijiang shares finally changed in 2019, achieving revenue and net profit double growth.In 2019, Lijiang Co., Ltd. achieved a total operating income of 7.2.3 billion, an annual increase of 6.53%; net profit attributable to shareholders of listed companies is 2.3.0 billion, an annual increase of 6.18%.While distorting the situation, Lijiang’s subordinate businesses performed differently.Among them, Lijiang, whose main business is tourism ropeway, has increased its operating income and its long-term performance has been poor.In addition, affected by the epidemic, Lijiang ‘s estimated revenue growth rate for 2020 is -56.05%.Revenue from tourism ropeway fifteen.At 09%, Impression Lijiang’s performance was dazzling. Lijiang’s main businesses were divided into tourism ropeway, Impression Lijiang cultural performances, hotels and travel agencies and other businesses.Among them, the tourist ropeway is the main business of Lijiang Co., Ltd., the report is connected in series, and the tourist ropeway realizes operating income3.3.1 billion yuan, accounting for 45% of total operating income.85%.At present, Lijiang shares a total of three tourist ropeways: Yulong Snow Mountain Ropeway, Yunshanping Ropeway and Yainuping Ropeway.In 2019, the above three tourist ropeways received a total of 477 tourists.720,000 passengers, an increase of 29 in ten years.32%.An analysis pointed out that although the tourist ropeway of Lijiang Co., Ltd. received an increase in the number of tourists in 2019, affected by the adjustment of the size of the ropeway, the operating income of the tourism cableway of Lijiang Co. decreased by 15%.09%, to a certain extent, dragged down Lijiang’s revenue growth.Unlike the temporary improvement in the operating income of the tourist ropeway, Impression Lijiang’s cultural performances changed the situation of the previous years’ performance and achieved operating income in 20191.7.8 billion, an annual increase of 83.46%, its share of total operating income also increased from 14 in 2018.25% rose to 24 in 2019.55%.Guosen Securities analysis believes that the impression of Lijiang’s performance performance in the arts has achieved significant growth in 2019, thanks to the recovery of passenger traffic in Lijiang and the enhanced marketing of Lijiang shares.In addition, despite the unsatisfactory increase in operating income of the tourism ropeway, it is still the business with the highest gross profit margin in Lijiang, with a gross profit margin of 80.67%; the gross profit margin of Lijiang’s cultural performances rose by 16.02 excellent to 64.84%, the gross profit margin of hotel operations decreased slightly to 53.72%.Lijiang shares projected a revenue growth of -56 in 2020.05% was affected by the epidemic, and the domestic tourism industry was hit hard.Lijiang shares pointed out in its 2019 annual report that due to the impact of the epidemic, the scenic spots near the company were closed in stages. Although all operations have been resumed, it is difficult to restore the source market in the short term, which will have a significant impact on the short-term operation of Lijiang shares.There is uncertainty about the timing of the full recovery. The company’s operating results in 2020, especially in the first and second quarters of 2020, will fluctuate.Combining the resumption of the SARS epidemic in 2003 and the number of tourists during the peak of the February epidemic, Lijiang shares estimated that the company’s revenue growth rate for 2020 will be -56.05%.In addition, Lijiang shares have not been disclosed, and major shareholder Winbond Life Health Co., Ltd. (hereinafter referred to as “Winbond Health”) holds Lijiang shares14.26% of the shares, or 7837.050,000 shares have been pledged.Although the competition between Winbond Health and Yulong Snow Mountain Management Committee for the actual control of Lijiang shares is still in the game, there is no result, but Winbond Health ‘s board seat in Lijiang has changed from the previous one to the current threeZhang Songshan, chairman of Winbond Health, Zhang Haian, general manager of Winbond Health, and Peng Yunhui, secretary of Winbond Health’s board of directors, served as directors of Lijiang.Sauna, Ye Wang Wang Zhenzhen’s editor Li Zhengxiao’s impression of Wei Zhuo’s pictures Lijiang real scene performance Weibo screenshot