Jinjiang Hotels Q3 net profit up 35.88%, Flaming Mountain scenic area operating rights auctioned

On November 5, 2026, Jinjiang Hotels disclosed third-quarter results: revenue 3.878 billion yuan, up 4.39% year on year; net profit attributable to parent 510 million yuan, up 35.88% year on year; RevPAR of domestic limited-service hotels up 9.06% year on year. Reports the same day showed that the Turpan Flaming Mountain scenic area operated by Flaming Mountain Company, in which Western Regions Tourism holds a 36.22% stake, was included in a public auction of 30-year franchise operating rights, with a starting bid of 524 million yuan. In addition, Shandong Cultural Tourism Scenic Area Investment Group took control of Jiuru Mountain through equity merger and acquisition, and Jiuru Mountain was renamed "Shandong Cultural Tourism · Jiuru Mountain" starting November 1. Currently Jinjiang Hotels' performance data has been published, while the Flaming Mountain scenic area operating rights auction and the Jiuru Mountain equity change are both at the disclosure stage, with subsequent progress yet to be followed up.