Huangshan Tourism Development Co.,Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 29, 2022 at 05:11 am EDT
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Huangshan Tourism Development Co.,Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 129.34 million compared to CNY 147.09 million a year ago. Revenue was CNY 129.34 million compared to CNY 147.09 million a year ago. Net loss was CNY 83.7 million compared to CNY 31.91 million a year ago. Basic loss per share from continuing operations was CNY 0.1148 compared to CNY 0.0437 a year ago. Diluted loss per share from continuing operations was CNY 0.1148 compared to CNY 0.0437 a year ago.
Huangshan Tourism Development Co.,Ltd. mainly operates through four segments, including Scenic Area Management, Cableway Operation, Hotel Business and Travel Agency. Scenic Area Management segment is engaged in the daily operation and management, infrastructure construction, environment sanitation and cleaning, sewage treatment and other services in Huangshan scenic zone, Anhui province, China and in HuaShan Mysterious Grottoes, Zhejiang province, China. Cableway Operation segment consists of the safety management, equipment maintenance and services of the cableways in Huangshan. Hotel Business segment is involved in the operation and management of the hotels that the Company owns. Travel Agency segment provides domestic tourism, inbound tourism, outbound tourism, air ticketing, exhibition services, advertising planning and other services. The Company also involves in the development and distribution of commercial residential properties.
HUANGSHAN TOURISM DEVELOPMENT CO.,LTD. 
