Xian Qujiang Cultural Tourism (600706.SH) announced a forecasted net loss of 120 million to 150 million yuan in 2024.

Xi'an Qujiang Cultural Tourism (600706.SH) announced that it is expected to incur a loss of approximately 120-150 million yuan in net profit attributable to the owners of the parent company for the year 2024. During the reporting period, the company experienced a decrease in property management fees due to business adjustments, a decline in ticket sales revenue due to market impact, and challenges in the development and sales of secondary consumer products such as entertainment, hotel catering, and travel services. The company is currently working on reforming its business structure and operational control mode.