HSTD: The resource usage fees and franchising matters of the Huangshan Scenic Area will have no impact on the 2024 financial report
HSTD announced that the optimization and adjustment of the management of the paid use fee for the Huangshan Scenic Area will not affect the 2024 financial report, but it is expected to have a certain impact on the 2025-2026 financial reports, with annual profits expected to decrease by approximately 50 million yuan. The company has not yet re-signed the franchise agreement with the Huangshan Scenic Area Management Committee, and the relevant content remains uncertain
According to the announcement from Huangshan Tourism (600054.SH), the optimization and adjustment of the management of the paid use fee for scenic resources in Huangshan Scenic Area will not affect the company's financial statement data for 2024. It is expected to have a certain impact on the company's financial statement data during the trial period of two years (2025-2026). Based on the company's operating data for 2023, it is estimated that the collection of the paid use fee for scenic resources will reduce the company's annual total profit by approximately 50 million yuan per year during the trial period, with the specific impact amount subject to the officially disclosed audited annual financial report data of the company.
As of the date of this announcement, the company has not yet signed a supplementary franchise agreement with the Huangshan Scenic Area Management Committee for the operating projects already set up within the Huangshan Scenic Area before the implementation of the "Interim Measures for the Management of Franchise Operations in Huangshan Scenic Area," and there remains a certain degree of uncertainty regarding the content of the related franchise agreements
