Sanxiang Co Ltd

Sanxiang Impression announced on September 29 that shareholder Huang Weizhi, who holds more than 5% of the company, pledged 30 million shares, representing 19.79% of his holdings and 2.54% of the company's total share capital. As of the announcement date, Huang Weizhi's cumulative pledged shares amounted to 151 million, representing 99.27% of his holdings and 12.75% of the company's total share capital. In the first half of 2026, Sanxiang Impression achieved revenue of 915 million yuan and a net loss attributable to the parent company of 20.14 million yuan.

Sanxiang Impression released its 2026 interim report, showing operating revenue of 915 million yuan, up 142.9% year on year, but a net loss attributable to the parent of 20.14 million yuan, down 440.4% year on year. Net loss attributable to the parent after deducting non-recurring items was 22.37 million yuan, down 442.1% year on year. Operating cash flow was 181 million yuan, up 306.1% year on year. Second-quarter operating revenue was 703 million yuan, up 354.6% year on year, while net profit attributable to the parent was a loss of 15.06 million yuan, widening from a loss of 9.66 million yuan in the same period last year. The company's cultural business continued to grow, completing 2,744 performances in the first half and attracting 2.06 million audience visits. The cultural tourism project Qiji Benteng exhibition has received more than 100,000 visitors since opening in February 2026.

Several tourism companies have disclosed their half-year results, showing overall profit growth but widening divergence. Lijiang Yulong Tourism reported first-half revenue of 419 million yuan and net profit attributable to shareholders of 133 million yuan, up 40.5 percent year on year. Yuyuan Tourist Mart reported first-half revenue of 17 billion yuan and net profit attributable to shareholders of 160 million yuan, up 157 percent year on year. Anhui Jiuhuashan Tourism Development posted net profit of 152 million yuan, up 7.27 percent year on year, mainly driven by cost control. Zhangjiajie Tourism Group turned losses into profits, with net profit attributable to shareholders of about 308 million yuan, up 1,026.8 percent year on year, but this relied mainly on non-recurring gains. Yunnan Tourism, China CYTS Tours Holding, and Sanxiang Impression reported expected losses or profit declines. Among them, China CYTS Tours Holding expects net profit attributable to shareholders of 22.5 million yuan, down 66.34 percent year on year. Yuyuan Tourist Mart Chairman Huang Zhen said the company's core business adjustment and transformation are showing results, while cultural expansion overseas is creating a new growth curve. In the second half of the year, the company will seize three major opportunity windows: trend-driven, structural, and innovative, while continuing to pursue global expansion.

Sanxiang Impression's actual controller Huang Hui pledged 12 million shares he holds, accounting for 7.22% of his total holdings and 1.02% of the company's total share capital. As of the announcement date, Huang Hui's cumulative pledged shares reached 151 million, accounting for 90.81% of his total holdings and 12.79% of the company's total share capital. In the first quarter of 2026, Sanxiang Impression achieved revenue of 212 million yuan, with a net loss attributable to the parent company of 5.08 million yuan.