The A-share consumer sector continues to decline, with TQL hitting the limit down, and multiple stocks such as Sunriver Culture Tourism, HUIFA FOODSTUFF, PINLIVE, GUOLIAN AQUATIC, and Xi'an Catering falling over 5%

TQL: The company has already made arrangements in the confinement center sector

On October 23rd, TQL stated on the interactive platform that the company has made arrangements in the confinement center sector to expand its service scope and stimulate new consumer demand. Among them, the confinement centers of Hefei Gaoxin Fumao, Hefei Feixi Fumao, and Anqing Fumao are currently in the preparation stage

TQL established a new hotel management company in Chuzhou

According to the Qichacha APP, recently, Chuzhou Youjia Fumao Hotel Management Co., Ltd. was established, with a business scope that includes: catering services; accommodation services; food sales; retail of tobacco products; liquor operations, etc. Qichacha's equity penetration shows that the company is wholly owned by TQL

TQL released its first-quarter performance, with a net profit attributable to the parent company of 51.82 million yuan, a year-on-year decrease of 21.36%

According to the Zhitong Finance APP, TQL disclosed its first-quarter report for 2025, showing that the company achieved revenue of 692 million yuan during the reporting period, a year-on-year increase of 0.17%; net profit attributable to shareholders was 51.82 million yuan, a year-on-year decrease of 21.36%; and net profit excluding non-recurring items was 47.76 million yuan, a year-on-year decrease of 25.96%. The basic earnings per share were 0.20 yuan

TQL plans to apply for the registration of asset-backed debt financing instruments not exceeding 700 million yuan

TQL plans to register and issue asset-backed debt financing instruments not exceeding 700 million yuan in the China Interbank Market Dealers Association, with a term not exceeding 3 years. The company will use its properties and land use rights located in Hefei City, Anhui Province as collateral to optimize its debt structure and broaden its financing channels. The guarantee scope includes the principal, interest, and related expenses of the main debt