Jiuhua Travel: RMB 31.45 ml net profit loss for 2020 H1, down 139%

Anhui Jiuhuashan Tourism Development (hereinafter referred to as “Jiuhua Travel”) released the 2020 semi-annual report on July 17, showing that it had achieved an operating income of 76.9268 million yuan, down by 73.5% year-on-year.

Anhui Jiuhuashan Tourism Development (hereinafter referred to as “Jiuhua Travel”) released the 2020 semi-annual report on July 17, showing that it had achieved an operating income of 76.9268 million yuan, down by 73.5% year-on-year.

Its net profit attributable to shareholders of the listed company was recorded at -31.454 million yuan, a decrease of 139.03% year-on-year, and the non-net profit deduction reached -36.5487 million yuan, down by 147.47%.

According to Jiuhua Travel, the loss was due to the impact of the coronavirus pandemic, which had lowered the tourists’ consumption demand and travel willingness.

In the first quarter of this year, the revenue from tourism has decreased by 83.97% year-on-year, and the net profit fell by 169.89%.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/07/20/jiuhua-travel-rmb-31-45-ml-net-profit-loss-for-2020-h1-down-139/.

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