Zhang Jia Jie Tourism Group Co Ltd

Zhang Jia Jie Tourism Group Co Ltd has a debt-to-equity ratio of 1.62, indicating a relatively high level of leverage, and a current ratio of 0.17, suggesting limited short-term liquidity to cover immediate liabilities. The company reported negative net income of CNY -14.68 million and operating income of CNY -9.44 million, reflecting a challenging operating environment. The return on equity is -1.81%, and return on assets is -0.57%, both significantly below the industry median for profitability metrics.

The company's operating cash flow of CNY 18.93 million is positive, but capital expenditures of CNY -32.18 million indicate ongoing investment in infrastructure or expansion. The company's financial performance is underperforming relative to the industry median, with negative returns on key capital efficiency metrics.

Zhang Jia Jie Tourism Group Co Ltd operates primarily in the domestic Chinese market, with no disclosed international revenue segments. The company's revenue is concentrated in a single geographic region, which increases exposure to local economic and regulatory risks.

The company's revenue for the latest period is CNY 115.36 million. While the operating cash flow is positive, the net income is negative, and the company is not currently showing signs of revenue growth. The capital expenditures suggest the company is investing in its operations, but the net loss indicates that these investments have not yet translated into profitability.

The company's risk assessment indicates a medium liquidity risk and a low dilution risk. The key flag of negative net cash after subtracting total debt highlights the company's leverage and liquidity constraints. The dilution risk is low, and no significant dilution sources were identified in the latest filings or disclosures.

No recent events, such as earnings calls, regulatory filings, or major business announcements, were identified in the latest data. The company's financial performance and risk profile suggest a need for continued monitoring of its liquidity and profitability trends.

Zhangjiajie Tourism Group Co Ltd (000430.SZ) has undergone a significant structural update in its corporate classification, now formally categorized under the "Leisure & Recreation" activity within the broader "Consumer Cyclicals" economic sector. This reclassification represents a medium-severity change in the company's profile, establishing a clearer framework for understanding its operational focus and market positioning relative to other entities in the consumer discretionary space. Alongside the sectoral update, the company’s risk assessment profile has been initialized with specific metrics. The dilution risk is now assessed as "low," indicating a stable capital structure with minimal immediate threat of share value erosion from new issuances. This assessment provides a baseline for investors evaluating the equity stability of the firm, distinguishing it from peers that might face higher pressures from financing activities. Conversely, the liquidity risk has been classified as "medium," signaling that while the company maintains operational viability, there are moderate considerations regarding its short-term financial flexibility. This medium-severity designation suggests that stakeholders should monitor cash flow dynamics and working capital management closely, as these factors are critical for a business operating in the leisure and recreation industry, which can be sensitive to economic cycles. These updates collectively refine the analytical view of Zhangjiajie Tourism Group, moving from an unclassified state to a defined profile with specific risk parameters. With no analyst coverage or index membership currently recorded, these internal assessments serve as primary indicators for understanding the company's financial health and sector alignment, offering a foundational layer for future investment analysis. [doc:000430.sz-ha-financials]

Revenue grew 6.3% year-over-year to 458.6 million CNY, indicating top-line expansion despite profitability challenges.

Operating income improved 10.8% year-over-year, suggesting potential stabilization in core operational performance metrics.

Long-term debt decreased to 1.04 billion CNY, reflecting a reduction in leverage compared to prior periods.

Gross profit reached 79.5 million CNY, showing positive gross margins despite significant operating losses.

Dilution risk is assessed as low, providing some protection for existing shareholders against equity erosion.

Net income deteriorated to a loss of 549.4 million CNY, reflecting severe profitability issues.

Debt-to-equity ratio of 1.62 is significantly higher than the cohort median of 0.3.

Credit risk is flagged as high, signaling potential difficulties in meeting financial obligations.

Revenue ¥121.4M; Operating income -¥517.6M.

• ▍Revenue ¥121.4M
• ▍Operating income -¥517.6M
• ▍Net margin -426.2%

Revenue ¥136.2M; Operating income ¥5.6M.

• ▍Revenue ¥136.2M
• ▍Operating income ¥5.6M
• ▍Net margin -2.6%

Revenue ¥115.4M; Operating income -¥9.4M.

• ▍Revenue ¥115.4M
• ▍Operating income -¥9.4M
• ▍Net margin -12.7%

Revenue ¥420.0M, +217,0% YoY; Operating income +29,9% YoY.

• ▍Revenue ¥420.0M, +217,0% YoY
• ▍Operating income +29,9% YoY
• ▍Net income +8,0% YoY
• ▍Free cash flow +32,8% YoY
• ▍Net margin -57.0%

Revenue ¥132.5M, −33,3% YoY; Operating income −68,9% YoY.

• ▍Revenue ¥132.5M, −33,3% YoY
• ▍Operating income −68,9% YoY
• ▍Net income −92,4% YoY
• ▍Free cash flow −47,6% YoY
• ▍Net margin -196.3%

Revenue ¥198.7M; Operating income -¥161.4M.

• ▍Revenue ¥198.7M
• ▍Operating income -¥161.4M
• ▍Net margin -68.0%