Lijiang Tourism's net profit in 2019 exceeds 200 million yuan, a year-on-year increase of 5.15%

On February 28, Lijiang Yulong Tourism Co., Ltd. (hereinafter referred to as "Lijiang Tourism") released a report on 2019 performance. During the reporting period, Lijiang Tourism achieved a total operating income of 723 million yuan, a year-on-year increase of 6.53%; a net profit of 201 million yuan, a year-on-year increase of 5.15%.

2019 is the first full fiscal year for Lijiang Tourism to implement the new fares. Due to the impact of the implementation of the new fares, Lijiang Tourism ’s net profit in the first half of 2019 decreased by 17.53% year-on-year. With the recovery of the tourism market and the improvement of Lijiang Tourism's effectiveness in improving its management, its operating performance has grown since the second half of the year. In 2019, the three ropeways of Lijiang Tourism received a total of 47.772 million tourists, a year-on-year increase of 29.32%. Impression Lijiang performed a total of 828 performances and received a total of 1.856 million tourists, a year-on-year increase of 99.48%. It achieved operating income of 180 million yuan, a year-on-year increase of 85.28%; Lijiang Hefu Hotel Co., Ltd. achieved an operating income of 120 million yuan, an increase of 2% year-on-year, a net profit of -125.3118 million yuan, and a loss of 30.919 million yuan less than the previous year.

In the performance report, Lijiang Tourism said about the impact of the new crown pneumonia epidemic on the company's performance. At present, the company's business has gradually resumed operations, but the recovery of the source market requires a certain period of time. The loss of customers during the shutdown period and the recovery period will affect the company. 2020 results have an impact.

Lijiang Tourism believes that the long-term healthy development of the tourism industry will not change due to the short-term impact of the epidemic. The company will adjust its business strategy based on market changes, actively expand its business, strengthen internal management, and strive to minimize the impact of the new crown pneumonia epidemic.