Jinjiang Hotels Q3 net profit up 35.88%, Flaming Mountain scenic area operating rights auctioned
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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.
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- TripVividCulture & Tourism Bulletin | Jinjiang Hotels' Q3 net profit up 35.88%; Flaming Mountains scenic area's 30-year operating rights publicly auctioned
Jinjiang Hotels' third-quarter revenue was 3.878 billion yuan, up 4.39% year on year; net profit attributable to shareholders was 510 million yuan, up 35.88% year on year; RevPAR of domestic limited-service hotels rose 9.06% year on year. The Turpan Flaming Mountains scenic area operated by Flaming Mountains Company, in which Western Regions Tourism holds a 36.22% stake, has been included in a public auction of 30-year franchise rights, with a starting price of 524 million yuan. Shandong Culture & Tourism Scenic Area Investment Group took control of Jiuru Mountain through equity merger and acquisition; Jiuru Mountain will be renamed "Shandong Culture & Tourism · Jiuru Mountain" starting November 1.
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