Xi'an Tourism (000610.SZ) released a profit warning, predicting a net loss of 169 million to 229 million yuan in 2024.

Xi'an Tourism (000610.SZ) has released its performance forecast for the year 2024, expecting a net loss attributable to the shareholders of the listed company of 169 million to 229 million yuan for the full year. The net profit attributable to the shareholders of the listed company for this reporting period is expected to increase year-on-year, mainly due to the following reasons: First, in 2024, the company's newly expanded hotel business segment was affected by the economic downturn, with revenue falling short of expectations and high fixed costs; Second, in this period, the company plans to make provisions for inventory impairment and credit impairment on related businesses based on prudential principles, resulting in a significant increase in net losses compared to the same period last year.