Guangzhou Dongfang Hotel Co Ltd

Lingnan Holdings released its 2026 semi-annual report, showing first-half operating revenue of about 2.236 billion yuan, up 7% year on year, and net profit attributable to the parent of about 56.4263 million yuan, up 13.93% year on year. Among its units, subsidiary GZL achieved operating revenue of about 1.632 billion yuan, up 6.27% year on year, but net profit attributable to the parent was about 23.1906 million yuan, down 3.71% year on year, mainly because the construction of a nationwide distribution network and the establishment of new operations centers increased costs. The accommodation business saw revenue and net profit rise 9.04% and 14.43% year on year respectively, with more than 50 newly signed projects and a strong performance in property operations. In addition, Lingnan Holdings announced two transactions: GZL plans to sell a 100% stake in GZL Exhibition Company for 12.5219 million yuan, and will transfer the assets and liabilities related to Dongfang Hotel to a wholly owned subsidiary. The share price closed at 10.07 yuan on the day, down 1.27%.