Reported 7 months ago
As the Mainland tourism market continues to heat up, the first quarter of 2024 saw 15 Mainland tourist attraction-listed companies reporting a double increase in revenue and net profit. These 15 companies collectively generated a revenue of RMB 4.487 billion in the first quarter, a 19% year-on-year increase, with a total net profit growth of 34% to RMB 399 million. Among the companies, over 60% were profitable, with around 53% showing a positive net profit growth rate. The performance of these companies reflects a structural highlight or incremental supply within Mainland China's national destinations, compared to the same period in 2023, with some key companies like Changbai Mountain and Songcheng Performance Art notably demonstrating significant revenue growth.
Source: YAHOO